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Lula aims to offset expensive tax benefits and keep the tax goal within reach

(Bloomberg) — Brazil’s government said it will issue an interim measure to offset the cost of a controversial payroll tax cut as it seeks to preserve the gains from derailing efforts to meet its primary budget target this year. Most read from Bloomberg The measure limits the compensation of tax credits for companies, the Ministry […]

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Mexico will reduce debt, respects Banxico, says Finance Minister

(Bloomberg) — Mexico’s finance minister told investors in a call Tuesday that Mexico remains committed to reducing the country’s deficit, a day after newly elected President Claudia Sheinbaum confirmed he had agreed to remain in his role during her government. Most read from Bloomberg The government will continue to respect the central bank’s autonomy and

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South Africa’s main opposition sees room for optimism about coalitions

(Bloomberg) — The leader of the Democratic Alliance, South Africa’s largest opposition party, said optimism among investors about reaching a coalition deal with the ANC to form the next government is not misplaced and that the alliance is open to talks involving the interests of the country come first. Most read from Bloomberg The African

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British parties accused of ‘avoiding reality’ due to major economic risks

(Bloomberg) — Both of Britain’s major political parties are refusing to address chronic public service problems and looming economic risks as the election turns into major rows over small pledges, two of the country’s top think tanks warned. Most read from Bloomberg In comments made shortly before the first televised leadership debate on the campaign,

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AMLO introduces funding for post-election health clinics in Mexico

(Bloomberg) — President Andres Manuel Lopez Obrador on Tuesday announced a plan to strengthen Mexico’s health care system, seeking to address a key voter complaint to his government after his party’s landslide election victory. Most read from Bloomberg Lopez Obrador said this plan would ensure that money passes through the state bank into the hands

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The Modi Coalition’s narrow victory puts India’s growth plan at 8% risk

(Bloomberg) — Indian Prime Minister Narendra Modi’s ambitious economic growth goals are in jeopardy after his party failed to win majority support in the election, leaving him more dependent on a coalition government to implement tough economic reforms . Most read from Bloomberg Modi’s Bharatiya Janata Party did not win enough seats in parliament to

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Modi’s narrow victory wipes $25 billion from Adani’s wealth in worst single-day defeat

(Bloomberg) — Before Gautam Adaniis a disappointing election victory for Narendra Modi’s party worse than a short-seller attack. Most read from Bloomberg The Indian tycoon’s wealth plummeted by nearly $25 billion on Tuesday, the biggest single-day loss for an Asian billionaire ever, after the Modi-led political alliance failed to achieve the election victory predicted by

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Farage hit by Milkshake as he starts the British election campaign

(Bloomberg) — Brexit architect Nigel Farage launched his campaign to win the parliamentary seat of Clacton in a carnival-like atmosphere, drawing hundreds of people to the Essex coast with his promise to upend Britain’s political order. But not everything went according to the wishes of the newly appointed leader of Reform UK. Most read from

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Modi is trying to strengthen the coalition to secure his third term in power

(Bloomberg) — Indian Prime Minister Narendra Modi is gearing up for coalition talks after his party lost its majority in parliament, leaving him to rely on allies to form a government for the first time since he came to power a decade ago. forms. Most read from Bloomberg Modi’s Bharatiya Janata Party must win the

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Behind the ‘Zuma tsunami’ in South Africa

Elected, accused of corruption – dismissed, accused of rape – acquitted, elected president, accused of corruption again – denied again, impeached, imprisoned for contempt of court – released, expelled from parliament. For most politicians, almost any of these blows would have been fatal to their careers, but not for South Africa’s Jacob Zuma. As a

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