BRASILIA (Reuters) -Brazil's highest court on Wednesday upheld most of a controversial presidential decree raising the country's Financial Operations Tax (IOF), handing a revenue-boosting win to President Luiz Inacio Lula da Silva's government.

Brazilian President Luiz Inácio Lula da Silva vetoed a Congressional bill increasing the number of federal deputies from 513 to 531, which was published Thursday in the Diário Oficial da União (Official Gazette - DOU).

Brazilian President Luiz Inácio Lula da Silva tells CNN’s Christiane Amanpour in an exclusive interview it was “a surprise” to see President Donald Trump’s letter posted to Truth Social, threatening Brazil with a crippling tariff of 50% starting August 1st.

Brazil's Congress has passed legislation easing environmental licensing rules, impacting President Lula's efforts to enhance Brazil's environmental image ahead of the COP30 global climate summit. The bill,