Sovereign Credit Expansion: Brazil’s Plano Brasil Soberano took effect Monday, cutting the revenue-loss threshold for exporters and tariff- or Middle East-conflict-affected suppliers from 5% to 1%, widening access to credit for sectors like steel, copper, aluminum, automotive and furniture. Regulator Shake-Up: New CVM chair Otto Lobo assumed office and dismissed seven top superintendents, including the superintendent general, reshaping leadership at Brazil’s securities regulator. Fiscal Risk Scrutiny: Brazil’s TCU says the Treasury’s review of a new Correios fundraising plan must go beyond whether a restructuring exists—pushing for checks on pace, results, and whether revenue projections overstate risks tied to federal guarantees. Trade & Food Safety Pressure: A former EU food-safety chief backed an MEP claim that Brazil’s beef ban timeline can’t be met for EU/Irish approval from Sept. 3, 2026, raising stakes for exporters. Aviation Resilience: At IATA in Brazil, Qatar Airways CEO said demand is rebounding and it is not facing a critical fuel shortage despite Gulf disruptions. World Cup Politics & Security: A White House World Cup official said Trump’s Iran decisions weren’t influenced by tournament planning, while the U.S. is “doubling and tripling” intelligence work to keep out “hostile actors.”