BRAZIL POLITICAL CRISIS
Brazil's Flavio Bolsonaro and family will get US visas after election loss, State Department says
The US State Department has agreed to issue visas to Brazilian senator Flavio Bolsonaro and his family following his election defeat to incumbent President Luiz Inacio Lula da Silva. The development comes as Bolsonaro faces investigations into alleged corruption, money laundering and tax evasion, while questions remain over his whereabouts and whether he has complied with a court order to surrender his passports.
Lula wins a historic fourth term, but Bolsonaro's refusal to concede clouds Brazil's political future
Senator Flavio Bolsonaro has questioned the legitimacy of President Luiz Inacio Lula da Silva's election results following the recent elections. Despite trailing by over 4 million votes, Bolsonaro plans to challenge the results, which is unlikely to succeed. Lula's victory defies both polling predictions and global sentiments against incumbents in Latin America. However, Lula faces numerous challenges with a Congress that includes many Bolsonaro supporters.
Piyush Goyal says India-Chile FTA talks ' quite ripe' for conclusion, Canada negotiations making progress
India is making progress on free trade agreements (FTAs) with several countries, with negotiations with Chile nearing conclusion and talks with Canada advancing, Commerce and Industry Minister Piyush Goyal has said. Discussions with the Southern African Customs Union have recently begun, while efforts to expand trade arrangements with Mercosur continue. Talks with the Gulf Cooperation Council and Israel remain slow amid the West Asia crisis.
How Trump's 'little detour' to Iran became a roadblock in the midterm elections
The Iran war, which Trump often describes as a "little detour," has emerged as an unforced liability for the president, who once promised to keep the U.S. out of foreign wars. Republican strategists privately acknowledge that the war is severely damaging the party's push to retain control of Congress for the final two years of Trump's presidency.
Research: Navigating the Business Risks of Changing Pro-America Sentiment
U.S. firms increasingly operate in a marketplace where “Made in USA” is no longer a neutral provenance claim but a charged political signal. A new study analyzing 5,355 companies over twenty years found that pro-America marketing has increasingly shifted from pride-based patriotism to grievance-fueled, us‑versus‑them nationalism. While this can create upsides—new customers, loyalty, pricing power—it also exposes companies to narrative capture, boycotts, and legal scrutiny. To avoid risk, companies must examine their exposure along two axes: domestic embeddedness and symbolic intensity. Leaders must align operations and symbolism, set clear guardrails, and proactively manage meaning drift before others define their loyalties.
Lula vs Bolsonaro: As Brazil lies on the brink of tilting right, India watches its major BRICS partner
Flávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on October 25 could solidify right-wing power across South America, following a regional trend. Lula aims to reduce economic inequality while Bolsonaro focuses on crime and spending cuts. India is observing the elections closely due to its strategic partnership with Brazil in various sectors.
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World Bank in talks with 30-40 countries over aid to tackle Middle East energy shock
The World Bank is in talks with numerous countries to address energy price increases stemming from the Middle East crisis. While the global economy remains resilient, developing nations face growing challenges from rising diesel and fertilizer prices. The Bank anticipates more countries may access crisis funds as conditions worsen in the coming months. Recent private capital investments have surged considerably, especially in upper-middle-income and lower-middle-income countries.
‘Emerging Markets’ is Obsolete: India, Taiwan and South Korea no longer fit neatly in the same box
Current classifications distinguishing between emerging and developed financial markets fall short of accuracy, as illustrated by South Korea and Taiwan's advanced economic standing. Meanwhile, Bulgaria's classification as a frontier market seems contradictory to its EU affiliation and growth. Therefore, a more sophisticated framework is crucial for investors, aiming to gain insights into the intricate realities of these diverse markets.
Brazil election 2026: Lula, Flavio Bolsonaro head to runoff as neither garners a majority of votes
Brazil's presidential election is heading to a runoff on October 25 after no candidate won in the first round. Flavio Bolsonaro is currently leading with 47.45 percent of the votes, while Lula secured 44.66 percent. Around 160 million registered voters participated in the election, which also included other political contests. Concerns over crime, insecurity, and the economy dominated the election campaign leading to this runoff.
Brazil Election 2026 results: Flavio Bolsonaro, Luiz Inacio Lula da Silva fail to win Presidential polls, Brazil heads for runoff. Check date, procedure, what will happen now
Brazil Election results: Both Luiz Inacio Lula da Silva and Flavio Bolsonaro will have three weeks to reach moderate voters who did not support them in the first round. Ronaldo Caiado and Renan Santos, two candidates who found moderate support in Sunday’s election, have previously said they will not endorse either bidder in the runoff.
Brazil presidential vote pits Trump ally against Lula, who is seeking 4th nonconsecutive term
Brazilians are casting their votes in a crucial presidential election featuring candidates Luiz Inacio Lula da Silva and Flavio Bolsonaro. If no candidate receives over 50% of the votes, a runoff will occur on October 25. The election has significant implications following past allegations against both candidates regarding corruption and governance.
Ban on US diesel exports would hurt, not help fuel markets, analysts say
US President Donald Trump has expressed support for a diesel export ban to help lower rising prices. Diesel prices in America have reached a record high, largely due to global supply disruptions. Analysts caution that the proposed ban may exacerbate issues rather than alleviate them, affecting both domestic and international markets. Major industry groups oppose the export ban due to potential negative impacts on refinery operations.
India's middle-income trap has a problem money may fix
Economist Thomas Piketty says India can escape the middle-income trap through massive investment in education, healthcare and infrastructure, while deeper global cooperation is needed for inclusive growth. He warns that climate change, rather than artificial intelligence, could become the real geopolitical battleground, urging India to reduce its material footprint and support sustainable development and greater global economic justice.
A crisis is shaking Brazil's Supreme Court. Here's what to know
Brazil's Supreme Court is experiencing an unprecedented crisis with canceled sessions and overruled decisions. The court faces allegations of graft and political bias ahead of the presidential election. A collapsed bank investigation has linked several politicians and judiciary members to fraud. Justices are accused of selective case handling, intensifying political divisions. The court's turmoil has become a central issue in the upcoming presidential race.
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions
BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global governance.
Iran and UAE back joint BRICS statement urging restraint in war
Iran and the United Arab Emirates joined a BRICS statement urging Middle East restraint. This move signals diplomatic progress between the two nations after recent conflict escalations. Leaders met on the summit's first day to discuss regional stability and development efforts. The BRICS bloc aims to challenge the existing world order and promote equity. India hosted the summit, focusing on boosting trade and reducing global barriers.
BRICS 2026: India's chairship and Global South's push for 'endless war to end of war'
New Delhi hosts the 18th BRICS Summit amid global conflicts and economic challenges. Developing nations seek this platform to voice concerns and find alternative solutions. The bloc faces internal divisions due to differing geopolitical alignments and national priorities. India aims to facilitate dialogue and steer discussions towards shared Global South objectives. The summit will explore practical solutions for global problems and promote peace and prosperity.
India positions BRICS as growth engine for Global South; Xi, Putin among key world leaders heading to New Delhi
India welcomes global leaders at the BRICS summit, emphasizing developmental priorities for the Global South. This pivotal meeting will tackle pressing issues such as food, energy, and supply chain security. Notably, President Xi Jinping's participation marks his first visit to India in seven years. Participants will engage in discussions about enhancing cooperation within BRICS and addressing global challenges. The event will culminate with the issuance of the New Delhi Declaration.
BRICS Summit 2026 leaders list: Xi, Putin, Pezeshkian and other world leaders to attend India’s major diplomatic event
New Delhi hosts the BRICS Summit 2026 on September 12-13 at Bharat Mandapam. India aims to position BRICS as a growth engine and champion Global South developmental priorities. Leaders will discuss cooperation on food security, energy stability, and resilient supply chains. President Xi Jinping's attendance offers a chance for India-China diplomatic engagement. The summit will conclude with the release of the New Delhi Declaration.
Flex reflections from Brazil: India’s ethanol push faces lessons from Brazil’s Proalcool crisis
India debates ethanol mandates, drawing lessons from Brazil's Proalcool program. Brazil's initial success faced a late 1980s crisis due to falling oil and rising sugar prices. India's reliance on agricultural cycles creates similar vulnerabilities and fiscal losses. The sugar lobby wields significant influence, impacting government policy decisions. India must plan its energy roadmap to avoid foreign oil traps and domestic agricultural cages.
Brazil ex-president Bolsonaro arrested by federal police, source says
Former Brazilian President Jair Bolsonaro has been taken into federal police custody, ending over three months of house arrest. This escalation follows his 27-year sentence for plotting to overturn the 2022 election results. His legal team will petition for a return to house arrest due to health concerns.
Brazil's ex-president Jair Bolsonaro sentenced to 27-year jail term for coup plotting
Jair Bolsonaro, the former president of Brazil, received a 27-year prison sentence. The Supreme Court convicted him for plotting a coup after his 2022 election defeat. The United States criticized the verdict, raising tensions between the two nations. Donald Trump defended Bolsonaro. Bolsonaro's allies plan to seek an amnesty. The trial exposed deep divisions within Brazilian society.
Bolsonaro under house arrest after Brazil Supreme Court crackdown — will Trump hit Brazil with tougher sanctions as Lula defies US pressure?
Bolsonaro under house arrest is the latest twist in Brazil’s growing political storm. Former President Jair Bolsonaro was placed under house arrest by the Brazil Supreme Court for breaking court orders in an ongoing coup investigation. The dramatic move follows earlier U.S. sanctions, including 50% tariffs, already imposed by President Donald Trump in support of Bolsonaro. Now, tensions are rising fast as Trump considers tougher action while President Lula defies U.S. pressure and defends Brazil’s judicial independence.
Brazil's past vs present: President Lula claims attempts to 'poison' him were made as former Prez Bolsonaro indicted
Brazilian President Luiz Inácio Lula da Silva revealed an assassination plot against him and Vice President Geraldo Alckmin, days before their 2022 inauguration. A federal police report alleges former President Jair Bolsonaro had "full knowledge" of the plan, which involved poison and explosives. Bolsonaro denies the allegations.
Brazil’s assets dive as political crisis engulfs president
Brazil’s real, stocks and bonds tumbled as a fresh political crisis ensnared President Michel Temer.
Brazil's political crisis will test BRICS capability: China
Whether the BRICS countries stand united and whether their cooperation mechanism functions smoothly will be crucial for the development of the bloc, the commentary said.
India's energy problem is self-made: Roberto Zagha
"India's energy problem is self-made. Appropriate use of infrastructure and resources can help in solving the problem,"said former World Bank director to India Roberto Zagha on Thursday.
India’s energy problem self-made: Roberto Zagha
"India’s energy problem is self-made. Appropriate use of infrastructure and resources can help in solving the problem," said Roberto Zagha.
Lack of political will hindering ability to solve the Greece crisis: David Vines
Germany has to take the lead in resolving the European crisis, which is essentially political, and a stimulus will do the trick in the US.
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