Brazil proposes 2027 defense budget with 73% for pay and pensions
The proposal awaits congressional approval and earmarks 8.6% for investment as Brazil pursues aircraft, warship and submarine programs.
Economy
Growth, prices, jobs, central banks and budgets.
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IMF calls on Argentina to maintain policies as growth concerns persist
The Fund has lowered its 2026 growth forecast to 2.1%, while a program review agreement could allow a disbursement of about US$900 million.
Lagarde sets February 2027 departure from ECB
Her term was due to end in late October 2027. The EU has opened the process to choose the next central bank president.
US worker engagement hits lowest level since 2011
Gallup found that remote and hybrid employees accounted for much of the decline, especially at organizations that had adopted AI.
Brazil projected to rank as world's eighth-largest economy in 2027
The IMF forecasts Brazil's GDP at US$2.80 trillion in 2027 and expects it to hold eighth place through 2031.
Tanzania announces gas find estimated at 223 billion cubic feet
Production from the Kasa-1X ST2 well is expected to increase supplies for households, industry and vehicles.
Senegal to reconsider rejected budget as it pursues IMF agreement
The government hopes to agree on a 36-month, $2.2 billion IMF program to stabilize public finances amid heavy debt and social tensions.
Japan plans additional rice buyback to rebuild government reserves
Officials are also considering a shorter storage period as state rice holdings remain below the level considered appropriate.
Regional energy inflation reaches 8.33% as diesel catches petrol
October prices for both fuels reached US$1.41 per litre, their highest level of the year, according to OLADE.
Japan’s LDP proposes phased cuts to fuel subsidies
The ruling party wants the gasoline price benchmark raised by about ¥5 a month from December, while restoring support for winter electricity and gas bills.
