Bloomberg An impasse between Brazil’s economic team and congress over this year’s budget will likely end up with President Jair Bolsonaro accepting only part of his economy chief’s austerity pleas as lawmakers push to ramp up spending ahead of next year’s elections. Bolsonaro has agreed to reject part of the budget proposal to make room for mandatory spending that was ...

Bloomberg Poland will probably keep borrowing costs at a record low, judging that threats to the economy from tighter Covid-19 restrictions outweigh a spike in inflation and a weaker national currency. Despite surging price growth prompting nearby Russia and Ukraine to hike interest rates, all economists surveyed by Bloomberg predict the central bank in Warsaw will leave its benchmark at ...

Bloomberg UK Prime Minister Boris Johnson sought to reassure the public that summer holidays are still a possibility, a day after warning that the government may not meet a May 17 goal to reopen its borders. While many popular holiday destinations are struggling with surges in Covid-19 cases, this doesn’t mean the government has given up on next month’s target, ...