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(Bloomberg) -- The dangers were crystal clear. Top economic aides to President Luiz Inacio Lula da Silva had pointed them out to him again and again: Any moves to water down the fiscal-austerity plan in the works will spark a selloff — another selloff — across Brazilian financial markets.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionAnd yet, Lula decided he did not care. He ordered his staff to

(Bloomberg) -- Nations failed to agree on a treaty to curb plastic pollution after two years of divisive negotiations, as oil suppliers including Saudi Arabia and Russia blocked attempts to limit production.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionAlmost 200 countries joined a week-long United Nations-backed summit in Busan, South Korea, which concluded in the early hours of Monday without

(Bloomberg) -- Inflation in Peru’s capital stayed within the central bank’s target band in November for the eighth straight month, according to data published Sunday. Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesAnnual inflation in Lima increased to 2.27%, according to the national statistics agency INEI. On a monthly basis, prices rose 0.09% from October. Peruvian Central Bank President Julio

(Bloomberg) -- The Federal Reserve’s preferred inflation measure accelerated in October, helping explain US central bankers’ more cautious approach to interest-rate cuts.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesTop-line inflation in the euro area also picked up, though price growth excluding food and fuel held steady. European Central Bank officials have signaled a fourth reduction in rates

Brushing snowflakes off her hair, Teagan Hickson walked into a Walmart Supercenter in Fort Wayne, Indiana, with hopes of picking up a few holiday deals on Black Friday. "I'm trying to not spend too much," said Hickson, 43. As retailers reopened U.S. stores after the American Thanksgiving holiday, some locations drew clusters of shoppers.

(Bloomberg) -- Oil drifted lower in thin post-holiday trading on uncertainty about OPEC+’s production plans and the durability of a truce between Israel and Lebanon-based Hezbollah.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesBrent shed 1.3% to settle below $72 a barrel. A cease-fire deal that halted more than a year of fighting between Israel and Hezbollah appeared to be holding, despite both

NEW YORK (Reuters) -Oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as OPEC+ is expected to extend output cuts. Brent crude fell 34 cents, or 0.46%, to settle at $72.94 a barrel.