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The Latest Breaking News from Brazil

How Russia is fighting for allies among the Brics countries using 'memory diplomacy'

Since the start of the Ukraine war, there have been numerous diplomatic visits by Russian officials to Africa and Latin America aiming at boosting Russia’s global influence.

The Conversation

Temperatures hit 41C in Brazil amid freak winter heatwave gripping South America

Rare heatwave engulfs 19 of Brazil’s 26 states as several South American countries experience record highs

The Independent UK

PM Modi gifts 'surahi', Gond painting to Presidents of South Africa, Brazil

PM Modi gifts Indian heritage items to BRICS leaders: Surahi from Telangana, Naga shawl, Bidri vase, Gond painting from MP to reflect Indian culture.

The Hindu

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See you on Copacabana? Unusually balmy weather hits Brazil in a rare winter heat wave

Summer is still four months away in the Southern Hemisphere but Brazil is contending with a balmy winter, with record high temperatures and dry weather across much of the country

The Independent UK

‘A wall of BRICS’: The significance of adding six new members to the bloc

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE invited to join the grouping of top emerging economies.

Al Jazeera

Arabica Coffee Settles Higher as Supplies Tighten

Dec arabica coffee (KCZ23 ) on Thursday closed up +0.40 (+0.26%), and Sep ICE robusta coffee (RMU23 ) closed down -63 (-2.40%). Coffee prices Thursday settled mixed, with arabica recovering from early losses and posting a 1-1/2 week high. Signs of shrinking supplies are supporting coffee prices. ICE-monitored robusta coffee...

Barchart

Brics expansion: six more nations are set to join – what they’re buying into

One key outcome of the 15th Brics summit, hosted by South Africa, is the decision to invite six more countries to join the group with effect from January 2024. They are Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the United Arab Emirates. All six had applied for membership. The enlargement…

The Conversation

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Dollar Strength Weighs on Coffee Futures

Dec arabica coffee (KCZ23 ) this morning is down -0.20 (-0.13%), and Sep ICE robusta coffee (RMU23 ) is down -43 (-1.64%). Coffee prices this morning are moving lower as strength in the dollar has sparked long liquidation in coffee futures. Coffee prices have been under pressure over the past...

Barchart

Support grows for sustainable development, a 'bioeconomy,' in the Amazon

The Brazilian Amazon has long been home to small and mid-sized sustainable businesses that use forest nuts, fruits and other products, and it's an incubator for new ones

The Independent UK

Brics club invites six new members in bid to reshape global order

Brics leaders on Thursday announced the admission of six new countries from next year as the club of large and populous emerging economies seeks to reshape the global order.

Radio France Internationale

What is Brics? Trump threatens 10 per cent extra tariff over 'anti-American' policies

Donald Trump has set strict rules for any country “aligning themselves with the Anti-American policies of BRICS”

Evening Standard

Coffee Prices Rally as Global Supplies Tighten

Dec arabica coffee (KCZ23 ) on Wednesday closed up +3.85 (+2.57%), and Sep ICE robusta coffee (RMU23 ) closed up +55 (+2.14%). Coffee prices Wednesday rallied sharply to 1-week highs on signs of ever-tighter coffee supplies. ICE-monitored robusta coffee inventories on Wednesday fell to a record low of 3,599 lots...

Barchart

Sugar Recovers Early Losses on Reports India Will Ban Sugar Exports

Oct NY world sugar #11 (SBV23 ) on Wednesday closed up +0.45 (+1.92%), and Oct London white sugar #5 (SWV23 ) closed +12.10 (+1.78%). Sugar prices Wednesday recovered from early losses and posted moderate gains on news that India will ban sugar exports. Also, strength in the Brazilian real was...

Barchart

Coffee Prices Jump as Global Supplies Tighten

Dec arabica coffee (KCZ23 ) this morning is up +3.80 (+2.53%), and Sep ICE robusta coffee (RMU23 ) is up +52 (+2.02%). Coffee prices this morning rallied sharply to 1-week highs on signs of ever-tighter coffee supplies. ICE-monitored robusta coffee inventories today fell to a record low of 3,599 lots...

Barchart

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The Guardian - UK

Amazon’s emissions ‘doubled’ under first half of Bolsonaro presidency

New study published in Nature says period was as destructive as record 2016 El Niño drought and heatwave

The Independent UK

Brazil's former President Jair Bolsonaro in hospital for routine exams

Former Brazilian President Jair Bolsonaro is in hospital in Sao Paulo undergoing what a close aide describes as routine health examinations

Al Jazeera

India ‘fully supports’ BRICS expansion as summit continues

South African officials say more than 40 countries from the Global South have shown interest in joining the BRICS bloc.

Barchart

Arabica Coffee Slips on Brazil Harvest Pressures

Sep arabica coffee (KCU23 ) on Tuesday closed down -0.95 (-0.64%), and Sep ICE robusta coffee (RMU23 ) closed up +15 (+0.59%). Coffee prices on Tuesday settled mixed. Brazil harvest pressures weigh on arabica coffee prices while shrinking global coffee inventories provide underlying support. ICE-monitored robusta coffee inventories on Tuesday...

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Barchart

Sugar Little Changed as Strength in the Brazilian Real Sparks Short Covering

Oct NY world sugar #11 (SBV23 ) on Tuesday closed unchanged, and Oct London white sugar #5 (SWV23 ) closed -0.40 (-0.06). Sugar prices Tuesday fell to 2-week lows but settled little changed after a rally in the Brazilian real sparked short covering in sugar futures. The real (^USDBRL) Tuesday...

The Guardian - US

Putin says Brics should become trading bloc representing ‘global majority’

Russian president addresses group at South Africa summit, blaming western sanctions for causing volatility in global markets

FourFourTwo

Liverpool begin talks over £25m Brazilian starlet joining: report

Liverpool are looking to bring in a Brazilian star to add depth to their side

Barchart

Brazil Harvest Pressures Weigh on Arabica Coffee

Sep arabica coffee (KCU23 ) this morning is down -0.90 (-0.61%), and Sep ICE robusta coffee (RMU23 ) is up +12 (+0.47%). Coffee prices this morning are mixed. Brazil harvest pressures are weighing on arabica coffee prices while shrinking global coffee inventories provide underlying support. ICE-monitored robusta coffee inventories today...

Fortune

The Cotopaxi co-founder's leap of faith: Why Davis Smith stepped down as CEO and moved to Brazil

The values that led Davis Smith to start 'Gear for Good' company Cotopaxi are now propelling him on a mission for the Church of Latter Day Saints.

France 24

Boosting trade and reducing dollar dependence top economic agenda at BRICS summit

As BRICS leaders meet in Johannesburg on Tuesday, they will be sure to discuss ways to increase commercial exchanges within the bloc of emerging economies comprised of Brazil, Russia, India, China and South Africa. The group, which represents 16% of global trade, will also look to encourage the use of…

Al Jazeera

Can BRICS end ‘apartheid’ against the Global South?

As the grouping of five emerging economies meets in South Africa, here’s what to expect.

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