Brazil’s government will cut some import taxes and eschew both price controls and the use of fiscal measures as it rushes to lower food costs, a top cabinet official said Friday.

By Lisandra Paraguassu As world leaders grapple with the U.S. withdrawal from the Paris Agreement, Brazil, the host of this year’s COP30 global climate summit, sees an opportunity to amplify the voices of developing nations in what will be a fierce dispute over who will pay for the global transition to cleaner energy sources.

Brazil closed 2024 with a current account deficit equivalent to 2.55% of gross domestic product (GDP), the central bank said on Friday, more than double the level seen in the previous year after reporting a shortfall in December.

Brazil's annual inflation rate slowed less than expected in early January, official data showed on Friday, cementing the likelihood that the central bank will hike interest rates by 100 basis points at its meeting next week.

Investors already concerned about Brazil's ballooning public debt load under veteran leftist President Luiz Inacio Lula da Silva are being forced to reckon with an additional risk: a government debt profile with growing sensitivity to high interest rates.

S ince leaving hospital in December, Luiz Inácio Lula da Silva, known as Lula (pictured), has cut a smart figure. Brazil’s president has taken to wearing a Panama hat to hide deep scars from two emergency brain surgeries.

A Rio de Janeiro zoo is giving ice pops to a bear, a jaguar, wolves and monkeys for some welcome relief from Brazil’s stifling summer heat.

Brazil’s former President Jair Bolsonaro says he is the victim of political persecution as he accompanied his wife to the airport to board a flight to represent him at U.S.

Former Brazilian President Jair Bolsonaro accused the country’s supreme court of persecuting him on Saturday after his appeal against a travel ban was rejected.

Fernanda Torres’s award-winning performance anchors this dramatic portrait of an indomitable woman and her family.

The discussions are happening as the NFL seeks to finalize its slate of international games in 2025. Commissioner Roger Goodell said in November that the league is shooting for eight games next season and that he expects Brazil to be among the hosting countries.