Global News

BRASILIA (Reuters) - Brazil's 11-day-old government braced on Wednesday for more anti-democratic protests by far-right former President Jair Bolsonaro's supporters whose rampage through government threatened the country's political stability.
The government of leftist President Luiz Inacio Lula da Silva bolstered security measures nationwide as flyers appeared on pro-Bolsonaro social media calling for mass demonstrations in Brazilian cities to "retake power."
"We have measures for this Wednesday to reinforce security throughout the country since pamphlets of new demonstrations have been circulated," Lula's chief of staff Rui Costa said late on Tuesday after a cabinet meeting.

WASHINGTON (Reuters) - The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia's war in Ukraine continues, and the world's major economic engines sputter.
The development lender said it expected global GDP growth of 1.7% in 2023, the slowest pace outside the 2009 and 2020 recessions since 1993. In its previous Global Economic Prospects report in June 2022, the bank had forecast 2023 global growth at 3.0%.
It forecast global growth in 2024 to pick up to 2.7% -- below the 2.9% estimate for 2022 -- and said average growth for the 2020-2024 period would be under 2% -- the slowest five-year pace since 1960.

Asian stocks rose on Friday as investors cheered a slowdown in U.S. inflation, while the yen hit a seven-month high and Japanese bond yields broke above the central bank's target as markets challenged Tokyo's commitment to loose monetary policy.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8% to hit a new seven-month high and was headed for a third consecutive week of gains.
Japan's Nikkei fell 1.3% and the yen, which surged 2.7% against the dollar overnight, kept going and rose about 0.2% further to 128.65 per dollar. It is up 6% in little more than three weeks since the Bank of Japan stunned markets by widening the band around its 10-year bond yield target.