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Country risk, from the local press

Brazil · Country watch

Brazil Inflation Forecast, Telecom Italia Control

Brazil's inflation forecast rises, while Poste Italiane gains control over TIM Brasil.

· · 13 sources

The picture Deteriorating

Business conditions in Brazil are deteriorating with rising inflation forecasts and continued postal strike disruptions. Poste Italiane's control over TIM Brasil highlights shifts in the telecom sector. Trade tensions with the US persist, affecting exporters.

In this briefing Tribunal Superior do Trabalho · Correios · Poste Italiane · Telecom Italia · TIM Brasil · Banco Central do Brasil · Comitê de Política Monetária · Luiz Inácio Lula da Silva · World Trade Organization · United States

Regulation

Nothing significant reported today.

Disruption

  • logistics
  • public-sector

TST suspends Correios strike judgment, strike continues

low angle photo of white building
Joao Tzanno / Unsplash

The Tribunal Superior do Trabalho (TST) has suspended the judgment regarding the ongoing strike by Correios workers, according to Folha de S.Paulo. The strike, which has lasted eight days, continues as negotiations between Correios and its employees remain unresolved. The TST had been mediating discussions, but with no agreement reached, the workers' union decided to maintain the strike action. This disruption affects postal services nationwide, impacting logistics and delivery operations.

Impact Logistics and e-commerce sectors face continued disruptions as the Correios strike persists, affecting delivery schedules and operations.

Sources: Folha de S.Paulo ↗, O Globo ↗

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

  • telecom
  • finance

Poste Italiane takes control of Telecom Italia, TIM Brasil

Loja da TIM no Shopping Recife.
Loja da TIM no Shopping Recife. fm-pas, CC BY-SA 2.0 via Wikimedia Commons

Poste Italiane, the Italian state-owned postal service, has become the controlling shareholder of Telecom Italia, and by extension, TIM Brasil, according to Folha de S.Paulo. This acquisition allows Poste Italiane to indirectly control TIM Brasil, a major telecommunications provider in Brazil. The transaction involves a new window for shareholders to sell their shares to Poste Italiane between September 21 and 25, as the company consolidates its position in the telecommunications sector.

Impact Telecom investors and competitors in Brazil face a shift in market dynamics as Poste Italiane assumes control of TIM Brasil.

Sources: Folha de S.Paulo ↗, O Globo ↗

Markets

  • finance

Brazil's inflation forecast rises to 4.92% for 2026

Brazil's inflation forecast for 2026 has been adjusted upwards to 4.92%, according to the Boletim Focus released by the Banco Central. This revision comes alongside a reduction in the projected Selic rate to 13.50% by year-end. The report, which reflects market expectations, follows the recent decision by the Comitê de Política Monetária (Copom) to cut the Selic rate by 0.25 percentage points. Analysts now anticipate further rate cuts within the year, signaling ongoing adjustments in monetary policy.

Impact Lenders and borrowers in Brazil face a higher inflation outlook, affecting interest rate expectations and financial planning.

Sources: CNN Brasil ↗, AgenciaBrasil ↗, O Globo ↗, Folha de S.Paulo ↗

Trade

  • public-sector

Brazil to consult US on tariffs at WTO meeting

The Brazilian government, led by President Luiz Inácio Lula da Silva, plans to question the United States regarding tariffs imposed by the Trump administration at a WTO meeting on September 25, Folha de S.Paulo reports. The tariffs, which can reach up to 37.5% for some sectors, are a point of contention as Brazil seeks to address trade barriers affecting its exports. The consultations are seen as a formal step in addressing these trade issues.

Impact Exporters in Brazil face ongoing challenges from US tariffs, impacting trade relations and market access.

Watch Consultations at the WTO are scheduled for September 25. · 25 September 2026

Sources: Folha de S.Paulo ↗

Politics

Nothing significant reported today.

Also today in Brazil

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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