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Brazil's Temer seeks constitutional change to curb public spending | Reuters

May 25, 2016

Brazil's Temer seeks constitutional change to curb public spending | Reuters

BRASILIA Brazil's interim President Michel Temer said on Tuesday he would seek constitutional change to limit increases in public spending as part of a series of measures to curb a record fiscal deficit and regain investor confidence. Temer, a centrist who took over from leftist President Dilma Rousseff two weeks ago after she was suspended pending trial, said the amendment would restrict growth in state spending to the previous year's inflation rate, excluding debt payments. Constitutional change requires 60 percent support in both chambers of Congress at a time of bitter divisions following Rousseff's suspension on charges of breaking budget rules. #United States #Economy #Business #Brazil #Middle East #United Kingdom #article
Brazil: Fresh political turmoil over Petrobras coruption scandal

May 24, 2016

Brazil: Fresh political turmoil over Petrobras coruption scandal

The petrobras scandal threatened Temer just 11 days after taking power from Rousseff, who was suspended from the presidency on 12 May. #Brazil #NewsTracker #Dilma Rousseff #Michel Temer #Dilma Rousseff impeachment #Petrobras scandal #Brazil corruption scandal #Romero Juca
Thousands swarm streets against acting president in Brazil

May 23, 2016

Thousands swarm streets against acting president in Brazil

Michel Temer, the acting president took office 10 days ago, after Dilma Roussef was suspended for allegedly breaking Brazil's fiscal laws. #Brazil #Rio de Janeiro #Michel Temer #Dilma Roussef #Brazil. Dilma Rousseff #Petrobras scandal
U.S. Senate approves $1.1 billion to fight Zika virus | Reuters

May 20, 2016

U.S. Senate approves $1.1 billion to fight Zika virus | Reuters

WASHINGTON An election-year fight over addressing the spreading Zika virus intensified in the U.S. Congress as the Senate on Thursday approved $1.1 billion in emergency money one day after the House of Representatives voted $622.1 million financed through cuts to existing programs. #Economy #Brazil #science #Health #markets
Zika virus may spread to Europe in coming months, WHO warns | Reuters

May 19, 2016

Zika virus may spread to Europe in coming months, WHO warns | Reuters

LONDON, The Zika virus, an infectious disease linked to severe birth defects in babies, may spread into Europe as the weather gets warmer, although the risk is low, health officials said on Wednesday. In its first assessment of the threat Zika poses to the region, the World Health Organization's European office said the overall risk was small to moderate. It is highest in areas where Aedes mosquitoes thrive, in particular on the island of Madeira and the north-eastern coast of the Black Sea. #United States #India #Brazil #Europe #Portugal #markets #Diseases
Cannes turns political as Brazil stars stage pro-Dilma protest on red carpet

May 17, 2016

Cannes turns political as Brazil stars stage pro-Dilma protest on red carpet

The cast of the movie Aquarius held up sheets of paper with the slogans "Stop the coup in Brazil" at the Cannes red carpet. #Brazil #Cannes Film Festival #Dilma Rousseff #Palme d'Or #Michel Temer #Aquarius
Brazil rebuffs Latin American leftists over Rousseff suspension | Reuters

May 15, 2016

Brazil rebuffs Latin American leftists over Rousseff suspension | Reuters

RIO DE JANEIRO Brazil's interim government dismissed criticism by leftist countries in Latin America, including Venezuela, Cuba and Bolivia, over the impeachment process of Dilma Rousseff, who was suspended as president by the senate. The leftist president of El Salvador on Saturday added to the regional pressure on Brazil, saying that he would not recognize the interim government and recalled his ambassador, claiming there had been "political manipulation" in Latin America's biggest country. The bickering, not rare between leftist leaders and more conservative governments at a time when much of the region is moving to the right, comes as centrist Michel Temer, Rousseff's vice president, assumes Brazil's presidency and scrambles to pull the economy out of its worst recession since the 1930s. #United States #Brazil #Venezuela #Argentina #El Salvador