Oct 17, 2018

Brazilian President Michel Temer faces new corruption charges

Brazilian President Michel Temer. Photo: Spencer Platt/Getty Images

Brazil’s federal police on Monday recommended that prosecutors put President Michel Temer on trial for charges of corruption, money laundering and criminal association, reports the Associated Press.

What's next: The attorney general reportedly has 15 days to decide whether to carryout a case against Temer. Congress would also be mandated to vote to allow a trial and suspend Temer, whose term ends in December. Last year, Temer survived a key vote in Congress that prevented him from going to trial for corruption charges.

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Ben Geman, author of Generate
2 mins ago - Energy & Environment

The escalating political battle over California's plan for gas-free cars

Illustration: Eniola Odetunde/Axios

The fate of California's aggressive moves to wring carbon emissions out of transportation could depend heavily on the election and the shape of the Supreme Court.

Why it matters: California is the country's largest auto market and transportation is the country's largest source of CO2.

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Axios
Updated 51 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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Dion Rabouin, author of Markets
56 mins ago - Economy & Business

The stock market's not-enough tantrum

Illustration: Eniola Odetunde/Axios

The market looks like it may be throwing another tantrum, investors say. But the cause is different this time around.

What's happening: This selloff is beginning to look like the 2013 taper tantrum, which roiled markets as U.S. government yields rose in response to an expected reduction of the Fed's quantitative easing (QE) program.

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