Emerging Markets
Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Brazil top court targets R$7.3bn public pay loophole
Brazil’s Supreme Court has ordered a nationwide suspension of extra public sector benefits to enforce a constitutional salary cap, a move that could save R$7.3 billion annually but triggers a major institutional clash with the federal audit court.
2 min read · 16 Jul 2026
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