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Brazil

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Bilfinger SE plans to reduce up to 1,500 positions worldwide under Program Agile as weaker industrial investment forces the German services group to cut its 2026 profit and cash-flow outlook. Representative image.
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Petrobras joins Brazil diesel subsidy as fuel support reaches R$9.9bn

Petrobras has approved participation in a new Brazilian diesel support programme worth R$1 per litre for 30 days, with a possible 30-day extension. The structure leaves distributor prices unchanged while compensating the state-controlled producer, easing an election-year fuel shock but renewing investor focus on subsidy durability, cash flow and political influence over pricing.