Brazilian President Luiz Inácio Lula da Silva said Thursday that he would impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country’s criminal trial against his predecessor, Jair Bolsonaro. Lula said he would trigger Brazil’s reciprocity law approved…
SAO PAULO (AP) — U.S. President Donald Trump on Monday criticized Brazilian authorities over what he called “a witch hunt” against former President Jair Bolsonaro and said he will be “closely monitoring” his trial. The South American far-right leader, who governed between 2019 and 2022, is standing trial before the country’s Supreme Court for his…
Chinese Premier Li Qiang has lauded his country’s growing ties with Brazil as at their “best in history”, as both nations brace for a battle with the US over trade and the global order. Meeting Brazilian President Luiz Inácio Lula da Silva for talks on Saturday ahead of the Brics summit in Rio de Janeiro,…
Chinese President Xi Jinping plans to skip the BRICS Summit in Brazil next month, which, if confirmed, will be his first-ever absence from the meeting of the grouping of emerging economies since taking office 12 years ago, according to a media report. Xi will not attend the BRICS Summit in Rio de Janeiro, the Hong…
There are speculations that Brazil president’s invitation to PM Modi for a state dinner following the Brics Summit may have led China’s Xi to pull out read more In a first, Chinese President Xi Jinping might skip the upcoming Brics summit in Rio de Janeiro; and the speculations have already caused frustration among Brazilian officials….
Brazil’s President Luiz Inácio Lula da Silva cast China in a harsh light on Friday, assigning blame to Beijing, along with American and European companies, for practices that have allowed the country to pull off rapid technological advances. Discussing Brazil’s international relations in a radio interview, Lula said China has become a technological powerhouse by…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Chinese algorithm boosts Nvidia GPU performance 800-fold in science computing A high-performance algorithm that could solve complicated material design problems on consumer GPUs has been developed by…
RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva remains in intensive care in a Sao Paulo hospital but is getting better, doctors said in a statement on Wednesday. The 79-year-old leader underwent an unplanned surgery for a brain bleed in the early hours of Tuesday, after suffering from complications resulting from…
A look at the day ahead in U.S. and global markets from Mike Dolan Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest rate cuts this week, with China’s markets giving only a hesitant welcome to Beijing’s new policy orientation. As Treasury debt…
(Bloomberg) — Brazilian markets wrapped up a turbulent week after a much vaunted plan to cut government spending came in well short of expectations, adding to angst over the country’s budget. Most Read from Bloomberg The package, detailed by Finance Minister Fernando Haddad on Thursday, sent the currency tumbling to an all-time low, and stocks…