Brazil

• Tuesday, May 19th 2026 - 01:42 UTC

  Chilean executive detained in Brazil for racist and homophobic insults to Latam flight attendant

  

  Chilean executive Germán Naranjo Maldini has been held since Friday 15 May at the Guarulhos prison on the outskirts of São Paulo, charged with racial slur after directing racist and homophobic insults at a flight attendant of the airline Latam during a flight between São Paulo and Frankfurt on 10 May. The Chilean fishing company Landes, where he served as commercial manager, formally and preventively removed the executive from his position following the circulation over the weekend of a video showing the verbal attacks.

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• Sunday, May 17th 2026 - 13:48 UTC

  Brazil leads South America's military spending and Uruguay posts one of the largest relative rises, SIPRI says

  

  Brazil consolidated its position as South America's leading defense spender during 2025, with a military budget of approximately USD 23.9 billion and a 13% year-on-year increase, while Uruguay recorded one of the steepest relative rises in the region, according to the annual report of the Stockholm International Peace Research Institute (SIPRI) released on Saturday. The region as a whole increased its military spending by 3.4% compared with 2024, in line with a global trend of armed forces modernization, open conflicts, and growing geopolitical tensions.

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• Tuesday, May 12th 2026 - 23:32 UTC

  Lula seeks his own security recipe to counter Brazilian right wing's tough-on-crime narrative

  

  Brazilian President Luiz Inácio Lula da Silva on Tuesday unveiled in Brasília a public security plan worth around USD 2.25 billion aimed at weakening the finances of organized crime, regaining control of prisons, curbing arms trafficking, and improving homicide investigations, five months ahead of October's presidential election. The package is designed to give the government a distinct identity on one of the issues where public opinion sees the ruling party at its weakest against the right wing's punitive narrative.

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• Tuesday, May 12th 2026 - 13:31 UTC

  Brazil's inflation accelerates to 4.39% in April driven by food and pharmaceuticals

  

  Year-on-year inflation in Brazil accelerated to 4.39% in April, up from 4.14% in March, pressured mainly by rising prices for food and pharmaceuticals, the Brazilian Institute of Geography and Statistics (IBGE) reported on Tuesday. The national consumer price index advanced 0.67% from the previous month, 0.21 percentage points below March, reflecting a slower monthly pace even as the annual comparison continues to climb.

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• Friday, May 8th 2026 - 05:08 UTC

  Lula and Trump declare bilateral relationship reset after three-hour meeting at the White House

  

  The presidents of Brazil, Luiz Inácio Lula da Silva, and the United States, Donald Trump, held a meeting of close to three hours at the White House on Thursday in which both leaders declared an end to one of the most severe bilateral crises in two centuries of relations between the two largest economies in the Americas. The encounter, formalized as a working meeting, unfolded in a climate of personal fluency and allowed for the agreement to establish bilateral channels to address commercial, security, and regional cooperation matters.

• Thursday, May 7th 2026 - 15:08 UTC

  Lula arrives at the White House to mend fences with Trump after a year of tariffs and disputes

  

  Brazilian President Luiz Inácio Lula da Silva was received on Thursday by his American counterpart Donald Trump at the White House, in his first official visit to Washington since his return to power in 2023 and the second face-to-face meeting between the two leaders, following a brief 45-minute encounter on the sidelines of the ASEAN summit in Kuala Lumpur last October. The meeting, formalized as a working session rather than a state visit, seeks to consolidate the fragile bilateral truce reached after one of the most severe diplomatic crises in two centuries of relations between the two most populous democracies in the Americas.

• Thursday, May 7th 2026 - 09:31 UTC

  Brazil central bank cuts Selic interest rate 25 points to 14.50%

  

  Brazil’s Central Bank following its two days meeting 28–29 April of the Monetary Policy Committee (COPOM) announced the reduction of its SELIC rate by 25 basis points to 14.50%.

• Wednesday, May 6th 2026 - 12:14 UTC

  Uruguay's president meets Brazilian executives in São Paulo to open 'new phase' of commercial ties

  

  Uruguayan President Yamandú Orsi made a day trip to São Paulo on Tuesday to meet Brazilian business leaders interested in investing in Uruguay, in an agenda Foreign Minister Mario Lubetkin described as an opportunity to “move to a new phase in the levels of commercial development and Brazilian investments” in the South American country. The official delegation included Lubetkin himself, Economy and Finance Minister Gabriel Oddone, Uruguay's ambassador to Brazil Rodolfo Nin Novoa, and the executive director of investment promotion agency Uruguay XXI, Mariana Ferreira.

• Friday, May 1st 2026 - 06:40 UTC

  After 25 years of negotiation, the Mercosur-EU agreement takes effect this Friday

  

  The association agreement between Mercosur and the European Union (EU) enters provisionally into force on Friday May 1, after more than a quarter-century of negotiations, in what constitutes one of the world's most ambitious trade deals and the largest reciprocal opening ever finalised by the South American bloc. The final signing took place on January 17 in Asunción and, although final ratification by the European Court of Justice and subsequent approval by the European Parliament remain pending, provisional entry into force allows the immediate start of tariff reductions covering 95% of Mercosur products and 91% of EU products.

• Thursday, April 30th 2026 - 13:25 UTC

  Brazil's fiscal deficit climbs to 9.41% of GDP amid economic slowdown and election year

  

  Brazil's nominal public sector deficit reached 9.41% of gross domestic product in the twelve months to March 2026, nearly one percentage point higher than the previous period, according to data published on Thursday by the Central Bank. The combined shortfall of all public administrations — central government, states, and municipalities — stood at 1.21 trillion reais, equivalent to around $244 billion, in one of the highest readings in recent years for Latin America's largest economy.