Brazil presidential candidate Bolsonaro wins first round

Speaking to journalists, Silveira said the country's fuel supply remains stable and the government is closely monitoring developments in the international oil market as well as domestic price movements.

Speaking alongside Lula, the South African leader highlighted the importance of the Brazilian president's leadership in deepening bilateral ties and expanding cooperation between the two nations. He described Brazil as a vital strategic partner for South Africa across multiple sectors, as per the reports of Brasil 247.

The remarks came during a meeting with Cyril Ramaphosa at the Planalto Palace in Brasilia as part of Ramaphosa's state visit aimed at deepening bilateral relations between the two countries.

According to Brasil 247, Data from the Quarterly National Accounts indicated that all three principal sectors -- Agriculture, Industry and Services posted growth during the year, highlighting the economy's resilience despite tight monetary conditions.

According to Brasil 247, the discussion followed Brazilian President Luiz Inacio Lula da Silva's recent visit to India, highlighting contrasting national strategies. Gala underscored India's long-term commitment to industrialisation under initiatives such as Make in India, supported by state-backed industrial corridors designed to channel infrastructure, incentives, and investment into priority sectors and regions. He noted that India has tripled its per capita income over two decades, sustaining annual growth rates of 6 to 7 per cent, a trajectory he described as comparable, though smaller in scale, to China's ascent.