Latest news with #Sao Paulo
Skift
21-07-2025
- Business
- Skift
Business Travel Spending Forecast to Hit Record in 2025
Zoom works fine. But it turns out there's something irreplaceable about looking someone in the eye while discussing revenue projections in a beige conference room in Dallas, Sao Paulo, or Mumbai. Business travel spending worldwide is projected to reach an all-time high of $1.57 trillion by the end of 2025, the Global Business Travel Association (GBTA) said Monday. This year's forecast represents a rise of 6.6% over last year. However, it may represent a loss of potential. Before President Trump launched a tariff war, business travelers had predicted 10% growth for this year.
Reuters
17-07-2025
- Business
- Reuters
Brazil's Senate approves main text of new rules on court-ordered debt in first vote
SAO PAULO, July 16 (Reuters) - Brazil's Senate on Wednesday approved in a first vote a constitutional amendment to change how the government accounts for court-ordered debt payments starting in 2027, potentially helping it meet fiscal target once considered unattainable. Under the approved text, these payments - the result of court rulings against the government - must be gradually included in the fiscal target calculation each year from 2027 onward, starting with at least 10% of the estimated total. Senators approved the main text in the initial vote on Tuesday evening, with a second round still required before it could become law, as the measure was already cleared by the lower house. However, Senate President Davi Alcolumbre said the final vote will only take place after Congress returns from recess, which starts later this week and will last through the end of July.
