Brazil’s Lula says will talk to Trump if no progress on trade

Petrobras' plans to sell some offshore oil fields in Brazil have hit a snag, preventing the company from reducing the financial burden of dismantling aging platforms. This setback raises concerns about the future of the Brazilian oil giant.

In his first budget, Canadian Finance Minister Carney outlines ambitious plans for generational investments aimed at strengthening the economy amid ongoing trade tensions with the U.S. This budget is significant as it not only addresses immediate economic challenges but also sets the stage for long-term growth, reflecting a commitment to innovation and sustainability. Carney's approach signals a proactive stance in navigating complex trade relationships, which is crucial for Canada's economic resilience.

Barack Obama recently shared a brief but impactful message for the Los Angeles Dodgers after they received an invitation to celebrate their championship at the White House. This gesture highlights the ongoing connection between sports and politics, showcasing how significant achievements in sports can be recognized at the highest levels of government. Obama's support for the Dodgers not only celebrates their success but also reinforces the importance of unity and recognition in American culture.

MMG Ltd., a Chinese-owned mining company, is facing scrutiny from the European Union over its $500 million acquisition of Anglo American's Brazilian nickel business. Regulators are concerned that this deal could negatively impact the stainless-steel industry within the EU. This investigation highlights the ongoing tensions between international business operations and regional regulatory frameworks, raising questions about the future of such cross-border transactions.

Recent reports indicate that tariff revenue under Trump's administration has seen a significant increase, which is noteworthy given the ongoing national debt crisis. However, the overall deficit remains a staggering $1.8 trillion, about 6% of GDP. This situation raises concerns about the sustainability of such revenue, especially if the Supreme Court decides to strike down these tariffs. Understanding the implications of these financial dynamics is crucial as they could impact economic policy and fiscal health moving forward.

Former President Trump has announced that SNAP benefits will be put on hold until the government reopens, a move that could significantly impact millions of Americans who rely on this assistance for food security. This decision highlights the ongoing struggles faced by those dependent on government support during a time of political gridlock, raising concerns about the well-being of vulnerable populations.

At COP30 in Sao Paulo, finance leaders including Luciana Costa from BNDES and Mafalda Duarte from the Green Climate Fund discussed innovative investment models that are driving Brazil's green transformation. This conversation is crucial as it highlights Brazil's commitment to sustainable development and the potential for attracting global investments in green initiatives, which can significantly impact the country's economy and environment.

Brazil's President Lula has indicated that he may reach out to former President Trump again if current negotiations do not show progress soon. This statement highlights the ongoing diplomatic efforts between Brazil and the United States, emphasizing the importance of collaboration in addressing mutual concerns. Lula's willingness to engage with Trump suggests a desire for constructive dialogue, which could lead to improved relations and cooperation on various issues.

A former retail worker from Dundee is sharing her experiences of abuse at work and is supporting a campaign that encourages shoppers to treat staff with respect. Her story highlights the importance of kindness and consideration in retail environments.

Starbucks is adjusting its strategy in China, highlighting the challenges Western brands face in capturing this lucrative market. With the CEO now able to focus more on revitalizing the U.S. business, the company aims to navigate the complexities of international expansion.

Archer Daniels Midland has lowered its full-year earnings outlook due to margin pressures, even though the company reported higher profits and revenues in the third quarter. This adjustment highlights the challenges the company faces in a fluctuating market, which could impact investor confidence and future growth.

In a positive move for shareholders, director Hogan of Peoples Bancorp has purchased $28,820 worth of shares, signaling confidence in the company's future.

Gopichand Hinduja, the head of the UK's richest family, has passed away at the age of 85. He played a significant role in expanding his father's small textile and trading businesses into a global conglomerate.

Treasury prices saw a rise on Tuesday as concerns about high equity valuations led to a decline in stock markets, prompting investors to seek safety in government bonds.