2025-09-22 21:13
SAO PAULO, Sept 22 (Reuters) - Brazil's government will need to tighten spending curbs in order to comply with its fiscal framework this year, it said in a bimonthly revenue and expenditure report published on Monday. The report, released by the Planning and Finance ministries, showed the spending block will now amount to 12.1 billion reais ($2.27 billion), up from 10.7 billion reais in the previous report published in July. Sign up here. Latin America's largest economy targets a zero primary deficit this year, but with a tolerance band of 0.25% of gross domestic product in either direction, meaning that a 31 billion real deficit would still allow it to meet the target. The government estimated Brazil's primary deficit to reach 30.2 billion reais this year, wider than a previously estimated 25.6 billion reais but still within target. Brazil's 2025 primary spending forecast remained virtually unchanged at 2.42 trillion reais, while its net revenue projection was revised slightly down to 2.34 trillion reais, from 2.35 trillion reais. ($1 = 5.3360 reais) https://www.reuters.com/world/americas/brazil-tightens-spending-curbs-meet-fiscal-targets-2025-09-22/
2025-09-22 21:10
Sept 22 (Reuters) - Hurricane Gabrielle has intensified into a Category 4 hurricane, the U.S. National Hurricane Center said on Monday. Hurricane Gabrielle is located about 180 miles (290 km)east-southeast of Bermuda, with maximum sustained winds of 140 mph (220 kmph), the Miami-based forecaster added. Sign up here. NHC said little significant change in strength is forecast tonight, and Gabrielle is expected to gradually weaken on Tuesday and Wednesday. In its latest advisory, the forecaster noted that swells generated by Gabrielle will continue to affect Bermuda and the east coast of the United States from North Carolina northward, as well as Atlantic Canada, during the next couple of days. https://www.reuters.com/business/environment/gabrielle-strengthens-into-category-4-hurricane-nhc-says-2025-09-22/
2025-09-22 20:41
LONDON, Sept 22 (Reuters) - The governments of Britain and the United States will set up a body to reduce red tape for firms seeking to access capital markets on both sides of the Atlantic and improve cooperation on crypto assets, Britain's finance ministry said on Monday. The Transatlantic Taskforce for Markets of the Future will report back within 180 days on ways to enhance collaboration in the short term and on longer-term options, including in wholesale digital markets, the Treasury said. Sign up here. Creation of the taskforce was approved by British finance minister Rachel Reeves and U.S. Treasury Secretary Scott Bessent last week when President Donald Trump made a state visit to Britain. U.S. and UK finance ministry officials will chair the new body that will also include regulators from both countries. Britain's financial services industry has struggled to maintain its pre-eminence in Europe after the Brexit vote in 2016, and many companies have moved their primary stock market listing to the United States. To try to boost its digital assets industry, Britain has sought to align its approach to crypto to that of the U.S. by using existing regulation to regulate the sector instead of creating new rules, as the European Union has done. https://www.reuters.com/sustainability/boards-policy-regulation/uk-us-smooth-capital-markets-access-crypto-cooperation-2025-09-22/
2025-09-22 20:30
Food security experts say USDA report is most comprehensive data source available Cuts to SNAP include expanded work requirements, state cost-sharing USDA says report was redundant and costly, with better data sets available WASHINGTON, Sept 22 (Reuters) - The U.S. Department of Agriculture's decision to end its annual food insecurity survey , opens new tab will make it harder to measure the impact of the Trump administration's cuts to nutrition programs such as food stamps, anti-hunger advocates said on Monday. The USDA on Saturday announced it was canceling the Household Food Security report because it was redundant, costly and politicized. It said it would instead use "the bevy of more timely and accurate data sets available." Sign up here. But the report, which gathers data through the Census Bureau's Current Population Survey and has been published since 1998, is the only data set with state as well as national statistics, and is crucial to assessing the efficacy of government programs, according to food security experts. "To say it's duplicative is a little misleading because this is the most comprehensive source we have," said Megan Lott, deputy director for the Healthy Eating Research program at Duke University. President Donald Trump's tax cut and spending bill passed in July included significant cuts to the nation's largest food aid program, the Supplemental Nutrition Assistance Program, including expanded work requirements for recipients and state cost-sharing requirements that state governments will likely struggle to afford. Without the hunger report, it will be more difficult to determine whether those cuts cause food insecurity rates to rise, said Eric Mitchell, president of the Alliance to End Hunger. "There's no way to determine what that impact will look like if the government isn't tracking the data," Mitchell said. The lack of data will also make it harder to ensure the efficacy of existing federal programs, including the Special Supplemental Nutrition Program for Women, Infants, and Children, said Georgia Machell, president and CEO of the National WIC Association. The USDA did not respond to a request for comment. About 13.5 percent of U.S. households were food-insecure during some point in 2023, according to the most recent USDA report. Hunger has risen in the U.S. since 2021, driven by rising food costs and the end of temporary programs that expanded food aid during the COVID-19 pandemic. Food banks have struggled to keep up with demand. https://www.reuters.com/business/healthcare-pharmaceuticals/impact-trump-cuts-will-be-harder-track-without-usda-hunger-survey-advocates-say-2025-09-22/
2025-09-22 20:29
Denmark's Copenhagen Airport reopens after halting take-offs, landings for nearly four hours Norway's Oslo Airport shut airspace from midnight local time (2200 GMT) Denmark and Norway will investigate whether incidents linked-Copenhagen police COPENHAGEN, Sept 23 (Reuters) - Copenhagen Airport (KBHL.CO) , opens new tab, the busiest in the Nordic region, said it reopened early on Tuesday after drone sightings halted all take-offs and landings for nearly four hours, while Norway's Oslo Airport said it had shut its airspace over a drone. "The police have launched an intensive investigation to determine what kind of drones these are," Copenhagen Police Deputy Assistant Commissioner Jakob Hansen told reporters. "The drones have disappeared and we have not taken any of them," he added. Sign up here. Hansen said authorities in Denmark and Norway would cooperate to determine whether there was a link between the two incidents. Oslo Airport shut its airspace from midnight local time (2200 GMT) due to a drone observation, a spokesperson for Norwegian airport operator Avinor said in an emailed statement, adding that all flights were diverted to the nearest airport. Danish police said earlier on Monday that two or three large drones had been seen flying near Copenhagen's airport, closing it to all traffic. The airport halted operations at 8:26 p.m. (1826 GMT) on Monday, according to flight tracking service FlightRadar. Around 50 flights were diverted to alternate airports, FlightRadar said on X. After it reopened, Copenhagen Airport said on X that delays and some cancelled departures would persist and urged passengers to check with their airlines. The airport shutdowns came after a string of disruptions at European airports in recent days. A cyberattack last Friday knocked out check-in and boarding systems supplied by Collins Aerospace, a unit of RTX (RTX.N) , opens new tab, affecting operations at London's Heathrow and the Berlin and Brussels airports. Over the weekend and into Monday, the fallout continued to snarl travel across the region. In 2018, drone sightings over the runway at Gatwick near London stranded tens of thousands of passengers and disrupted hundreds of flights at the height of the holiday season. https://www.reuters.com/business/aerospace-defense/copenhagen-airport-halts-traffic-due-drone-sightings-police-says-2025-09-22/
2025-09-22 20:03
MEXICO CITY, Sept 22 (Reuters) - A confirmed case of an animal infected with the flesh-eating screwworm parasite in Mexico's northern Nuevo Leon state near the U.S. border was immediately treated to prevent a further outbreak, the Mexican government said Monday. The country's agriculture ministry said there was no risk of adult screwworm fly emergence due to the early detection of the infected bovine, which was confirmed on Sunday. Sign up here. Fly traps in northern Mexico have not detected a single screwworm fly, the statement added. The screwworm parasite has moved northward through Central America and Mexico, rattling the U.S. cattle industry and prompting the U.S. government to keep its border mostly closed to Mexican cattle imports since May, adding to trade tensions between the two countries. The U.S. Department of Agriculture first confirmed the case detected less than 70 miles (113 km) from the U.S.-Mexico border in a statement late Sunday, saying it was analyzing the information and "will pursue all options to release sterile flies in this region as necessary." The infected animal was in a shipment of 100 animals originating from the Gulf Coast state of Veracruz, Mexico said. "We are managing an isolated case of screwworm infestation in Nuevo Leon and implementing the measures agreed upon with the U.S. government just over a month ago," Mexico's Agriculture Minister Julio Berdegue said Monday in a post on X. Mexico recorded 5,086 cases of screwworm in animals as of August 17, according to the most recent government data. That was a 53% jump from July. U.S. cattle ranchers on the southern border contacted by Reuters reacted with little surprise to the case in Nuevo Leon, and many have been preparing for months to deal with the pest. U.S. health officials confirmed in August a human infection of screwworm in Maryland in a person who had traveled from El Salvador after Reuters exclusively reported on the case. Mexican President Claudia Sheinbaum said the country was waiting on an assessment by a team of USDA experts that recently visited Mexico. https://www.reuters.com/business/environment/mexico-says-screwworm-case-near-us-border-contained-no-flies-detected-north-2025-09-22/
