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The Latest Breaking News from Brazil

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

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

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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

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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

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 Guardian - 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

The Independent UK

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.

Al Jazeera

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...

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...

Barchart

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

The Guardian - US

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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…

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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.

The Week

Can Brics replace the G7 in new world order?

The leaders of Brazil, India, China and South Africa kick off a three-day summit in Johannesburg today billed as the most important meeting of the Brics nations in a decade.

France 24

BRICS summit of emerging economies gets under way without Putin

BRICS leaders meet in South Africa on Tuesday as the loose association of major emerging economies seeks to assert its voice as a counterweight to Western dominance in global affairs. The so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- represent a quarter of the global economy,…

France 24

Size, population, GDP: The BRICS nations in numbers

Officials from Brazil, Russia, India, China and South Africa gather in Johannesburg on Tuesday for a three-day BRICS summit, a five-nation club comprising 40% of the world’s population and more than 25 percent of global GDP that positions itself as an economic counterweight to the West. Almost 15 years on…

Barchart

Coffee Prices Post Modest Gains on Shrinking Global Inventories

Sep arabica coffee (KCU23 ) on Monday closed up +0.10 (+0.07%), and Sep ICE robusta coffee (RMU23 ) is up +14 (+0.55%). Coffee prices Monday closed slightly higher. Shrinking global coffee inventories are supportive of prices. ICE-monitored robusta coffee inventories on Monday fell to a record low of 3,615 lots...

Barchart

Sugar Prices Weighed Down by an Increase in Brazil's Sugar Production

Oct NY world sugar #11 (SBV23 ) on Monday closed -0.36 (-1.52%), and Oct London white sugar #5 (SWV23 ) closed -5.20 (-0.76). Sugar prices Monday posted moderate losses, with NY sugar falling to a 1-1/2 week low and London sugar dropping to a 1-week low. Sugar prices have been...

The Independent UK

Putin was meant to be at a summit in South Africa this week. Why was he asked to stay away?

Vladimir Putin will be the odd one out when leaders from the BRICS economic bloc of Brazil, Russia, India, China and South Africa meet in Johannesburg this week

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