Eduardo Cunha, President of Brazil’s Lower House of Congress resigned, with Rodrigo Maia elected to replace him. From 19 July to 29 July, the Lower House of Congress entered an unofficial recess. BRICS nations, including Brazil, Russia, India, China, and South Africa, held a policy planning session. Political, security, economic, and environmental situations pose threats to the Summer Olympic Games in Rio de Janeiro. Brazilian authorities arrested numerous individuals linked to the Islamic state; these individuals utilised mobile applications to discuss buying weapons and planning attacks. Petroleo Brazileiro (Petrobras) extended an offer on global notes. The Brazilian government is looking into selling airports in Rio de Janeiro and Sao Paulo to reduce the budget deficit. The Central Bank of Brazil held a technical presentation and monetary policy decision meeting. Goldman Sachs Private Capitol invested into Brazil transportation and trucking.