Brazil
🇧🇷 Brazil’s Finance Minister Fernando Haddad is uncertain about announcing a new fiscal package this week, pending approval from President Lula. The measures aim to control spending under last year’s fiscal framework, yet surging mandatory expenses threaten its sustainability, fueling market fears.
🇧🇷 Brazil plans to launch a $690 million credit line by early 2025 to support struggling airlines like Gol and Azul, funded through the National Civil Aviation Fund. Azul confirmed discussions for the aid, while Gol, in bankruptcy restructuring, is also in talks.
🇧🇷 Brazil is mobilizing to expel illegal gold miners from the Munduruku Indigenous territory in the Amazon, heavily affected by informal airstrips and mercury contamination. President Lula’s crackdown on illegal mining follows years of environmental degradation under Bolsonaro.
🇧🇷 Right-wing Mayor Nunes crushes Lula-backed leftist Boulos to keep control of São Paulo, signaling Brazil’s rightward shift and boosting Governor Freitas as potential Bolsonaro successor for 2026 presidential race.
🇧🇷 Brazilian President Luiz Inácio Lula da Silva is recovering well after suffering a minor brain hemorrhage following a head injury at home. Although Lula had to cancel his trip to the BRICS summit in Russia, he remains engaged, holding meetings and staying in close contact with foreign officials.
🇧🇷 Brazil is finalising a historic $30 billion compensation with fossil fuel profiteers Vale and BHP over the devastating 2015 Mariana dam collapse. The agreement, set for October 25, aims to address the environmental and human toll of the disaster, which killed 19 and polluted the Doce River.