World News: 04:47 GMT Friday 12th July 2019. [Yahoo Business News Feed via SPi World News]
Brazil's lower house of Congress on Wednesday approved a landmark overhaul of the country's pension system by a far wider margin than predicted, delivering a resounding victory to the government in its quest to revive public finances. Second round approval and final passage in the Senate awaits. President Jair Bolsonaro is staking much of his political capital on the plan, which aims to shore up the country's costly social security system, boost investment and kick-start the flagging economy.
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