Brazil Wants to Put Ozempic-Style Drugs in Its Public Clinics
Brazil will pilot Ozempic-style weight-loss drugs in its public health system, a demand signal for Novo Nordisk and Eli Lilly...
June 22, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Dangote Says His Refinery Alone Is Worth US$40 Billion
Aliko Dangote claims his Lagos refinery alone is worth over US$40 billion, far above Forbes' US$38bn fortune estimate. See why...
June 22, 2026
Richemont’s Record Year Can’t Shake Its China Risk
Richemont's record year brought €22.4bn in sales and a 27% profit jump, yet a slowing China and rival Laopu Gold...
June 22, 2026
Saudi Arabia Plants Its Flag at the World Cup While Retreating Elsewhere
Saudi Arabia's wealth fund is an official World Cup 2026 backer even as it exits other sports deals. What the...
June 21, 2026
Most of Lula’s Spending Package Sits Outside the Fiscal Cap
Only R$9bn of Lula's R$215–227bn spending package fits within Brazil's fiscal framework, as net public debt hits a record 67.4%...
June 21, 2026
Absa Bets $239M on Fuller Control of Its Kenyan Bank
South Africa's Absa is offering about $239 million to raise its Absa Bank Kenya stake to 85%, the latest South...
June 21, 2026
Africa’s Bank Backs Uganda’s Arua Airport in a €156M Bet
The African Development Bank has approved €156 million to upgrade Uganda's Arua Airport, a bet that better border links can...
June 21, 2026
Morocco and Egypt Join Forces to Build a Factory Bloc
Morocco and Egypt sign a Comprehensive Strategic Partnership to integrate industry, agri-food, automotive and textiles—targeting African and European markets together.
June 21, 2026
Volkswagen Convicted Over Slave Labor on Its Amazon Cattle Ranch
A Redenção labor court convicted Volkswagen do Brasil on June 11, 2026, awarding R$2M (~$400K) each to 3 workers over...
June 21, 2026