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RIO DE JANEIRO (AP) — Flooding in Brazil’s Rio Grande do Sul state ravaged nearly everything needed for economic activity, from local shops to factories, farms and ranches.

RIO DE JANEIRO (AP) — Flooding in Brazil’s Rio Grande do Sul state ravaged nearly everything needed for economic activity, from local shops to factories, farms and ranches.

Unprecedented flooding in Brazil’s Rio Grande do Sul has upended transportation, closing the airport in the capital Porto Alegre and segments of major highways.

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Brazils President-elect Luiz Inácio Lula da Silva on Friday unveiled some of the faces that will comprise his incoming administration, including his much-awaited pick for finance minister: former Sao Paulo mayor Fernando Haddad.

Lula names Workers’ Party ally Fernando Haddad as finance minister, among other top posts in incoming administration.

Brazil’s President-elect Luiz Inácio Lula da Silva is unveiling some of the faces that will comprise his incoming administration, including his much-awaited pick for finance minister: former Sao Paulo mayor Fernando Haddad

Brazil needs to overhaul its fiscal rules and increase public spending to boost growth, said a senior economic adviser to the left-wing Workers' Party, which

Third-quarter GDP contracts 0.1% as extreme weather, high interest rates and inflation cut short recovery from the pandemic