Brazil

• Friday, October 30th 2026 - 01:09 UTC

  Brazil to spend nearly three-quarters of its 2027 defence budget on personnel and pensions

  

  Brazil plans to allocate 147.68 billion reais to defence in 2027, about US$27 billion at current exchange rates, but 73% of that will go on salaries, retirement benefits and pensions, according to the budget bill sent to Congress. With only 8.6% set aside for investment, the country will have to decide the pace of programmes that include fighter jets, frigates, armoured vehicles and a nuclear-powered submarine.

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• Thursday, October 29th 2026 - 08:33 UTC

  IMF expects Brazil to become the 8th largest economy in the 2027 ranking

  

  Brazil is expected to return to eighth place in the global GDP ranking for 2027, overtaking Russia and Italy, according to the International Monetary Fund (IMF) and its World Economic Outlook report, released this month.

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• Thursday, October 29th 2026 - 01:30 UTC

  Bolsonaro’s exit via Argentina further strains relations between Milei and Lula

  

  Brazilian Senator Flávio Bolsonaro’s transit through Argentina, after he left Brazil despite a court ban and flew to Miami from Puerto Iguazú following his election defeat, has opened a new front in the strained relationship between the governments of Javier Milei and Luiz Inácio Lula da Silva, while the Casa Rosada maintains its refusal to congratulate the Brazilian president on his re-election.

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• Thursday, October 29th 2026 - 01:17 UTC

  “True president”, then “leader”: Bolsonaro’s letter from the United States

  

  Brazilian Senator Flávio Bolsonaro, who arrived in Miami on Wednesday after leaving Brazil despite a court ban, released a letter in which he presented himself as “the true president-elect of Brazil”, alleged “electoral fraud” without evidence and thanked Argentine President Javier Milei for his “courage”. About 30 minutes later the text was changed and Bolsonaro described himself instead as Brazil’s “leader”.

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• Wednesday, October 28th 2026 - 14:50 UTC

  Argentina confirms Bolsonaro crossed via Iguazú before flying to Miami

  

  Argentina’s government confirmed that Brazilian Senator Flávio Bolsonaro, defeated in Sunday’s presidential runoff and barred by a court from leaving Brazil, entered Argentina at Puerto Iguazú with his family before flying to the United States on a private plane. Bolsonaro landed on Wednesday morning at Opa-locka Executive Airport in Miami.

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• Wednesday, October 28th 2026 - 09:17 UTC

  Flávio Bolsonaro leaves Brazil despite a court ban and the US will grant him a visa

  

  Senator Flávio Bolsonaro, defeated on Sunday by Luiz Inácio Lula da Silva in the presidential runoff, left Brazil with his wife and two daughters despite a Supreme Federal Court order barring him from leaving the country, and the US State Department confirmed it will grant them visas. According to the newspaper O Globo, he arrived in Miami on Tuesday night.

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• Wednesday, October 28th 2026 - 03:20 UTC

  Argentina: opposition asks Milei to clarify whether Bolsonaro left Brazil through the country

  

  Argentine opposition lawmakers on Tuesday demanded that Javier Milei’s government report whether Brazilian Senator Flávio Bolsonaro, who left Brazil despite a court ban and travelled to the United States after his election defeat, crossed through Argentine territory. The National Migration Directorate said it has no record of the senator entering the country.

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• Tuesday, October 27th 2026 - 16:32 UTC

  Brazil investigates whether Flávio Bolsonaro left the country via Argentina after his defeat

  

  Brazil’s Federal Police are checking with Argentine authorities whether Senator Flávio Bolsonaro, defeated by Luiz Inácio Lula da Silva in Sunday’s presidential runoff, left the country across the Argentine border, after he failed to hand over his passports within the deadline set by the Supreme Federal Court. His campaign and the Argentine government deny that he has left Brazil.

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• Monday, October 26th 2026 - 13:39 UTC

  A judge appointed by Jair Bolsonaro rejects his son’s case for annulling the election

  

  The president of Brazil’s Superior Electoral Court, Kassio Nunes Marques, who was appointed to the Supreme Federal Court by former president Jair Bolsonaro in 2020, said on Monday that the extension of voting hours did not change the result of the runoff won by Luiz Inácio Lula da Silva. Senator Flávio Bolsonaro, the former president’s son, had cited the extension in refusing to recognise his defeat and calling for the election to be annulled.

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• Monday, October 26th 2026 - 13:29 UTC

  Debt, inflation and a hostile Congress: the economic challenges of Lula’s fourth term

  

  Luiz Inácio Lula da Silva will begin his fourth term as Brazil’s president on January 1 with an economy that has grown more than expected and record-low unemployment, but with fiscal imbalances that markets punished heavily on Monday, the first trading day after his re-election. The dollar rose more than 12% at one point to 5.60 reais, the Ibovespa index triggered an automatic trading halt at the open and long-term interest rates jumped almost two points.

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