Giants of Brazil's orange juice trade are defendants in a class action lawsuit seeking billions in damages for alleged price fixing between 1999 and 2006. Federal prosecutor Karen Kahn said the São Paulo Court of Justice would hear the lawsuits against companies such as Citrosuco, Cutrale, and Louis Dreyfus Co (LDC), which account for most […]
By David Pan and Olga Kharif The ethereum network will see a technical upgrade on April 12. It will allow users to withdraw billions of dollars from its native token, ether (XET). The Shanghai upgrade is a necessary step after the most commercially important crypto platform transitioned to a less power-hungry system to order its […]
By Alberto Brambilla, Danele Lepido and Paola Villar S. Enel SpA agreed with China Southern Power Grid Co. to sell its distribution operations in Peru, a move aimed at cutting debt for Italy’s largest utility. Specifically, the deal is worth about US$2.9 billion, the Italian company said Friday, confirming a Bloomberg News report. The enterprise […]
With the help of the Packbot510 robot and the canine Siko, the National Police of Ecuador managed to deactivate 20 explosive blocks attached to a gas tank in an abandoned car at a gas station in Quitumbe, a popular sector of Quito. “With our Intervention and Rescue Group technicians, 20 high-powered explosive blocks attached to […]
Russia is interested in starting a direct water transport corridor with Venezuela as soon as possible, said Roman Frolenko, president of the Russian-Venezuelan Chamber of Commerce (Cavenru), in an interview with Sputnik. “We want to [start the corridor] soon,” Frolenko responded about the initiative’s timeline. He added that last March 15, a videoconference was held […]
Mexican President Andrés López Obrador officially announced the nationalization of 13 power plants belonging to the Spanish firm Iberdrola. The operation involves a cost of US$5.943 billion for the Mexican State only to acquire the new assets, and the resources were obtained through a trust with majority state participation. This is the second major episode […]
The judicial persecution of Donald Trump was in evidence this Thursday when the 9th Circuit Court of Appeals of California ruled in favor of the former president in a case investigating him for the same fact that prosecutor Alvin Bragg is trying to arrest him in the New York justice. The extremely left-wing California justice, […]
Idaho Governor Brad Little this week signed into law a new crime within the United States, “abortion trafficking.” The law restricts an adult from assisting when a minor chooses abortion without parental consent. Specifically, the law prohibits an adult from providing abortion pills to minors if the minor’s parents do not consent. It similarly criminalizes […]
Hungarian officials said Thursday that relations with Sweden are at their “lowest point” and called on the Nordic country to take further “steps” to build that trust as it seeks to win its support for NATO membership. “The relationship between Sweden and Hungary (…) is at its lowest point, and confidence-building measures are needed,” Viktor […]
By Mariana Weber New terraces are opening in São Paulo, offering experiences combining dishes and drinks with city views. Get to know below some rooftops that have been standing out in the São Paulo capital: BALEIA ROOFTOP Opened in November on the fourth floor of building B32 on Faria Lima Avenue, it occupies an area […]
On Thursday (6), the Ibovespa fell 0.15% and closed at 100,821.73 points, with a total financial volume of R$16.8 billion. The index fell 1.04% at the end of the trading week due to the Easter holiday. This morning, Brazilian Finance Minister Haddad said that the fall in interest rates would result from the new fiscal […]
By Carmen Luisa Ugueto Liendo According to the portal La Nación, canola production in the new campaign aims to harvest 2.5 tonnes per hectare. In this regard, Dante Servián, president of the Agricultural Coordinator of Paraguay (CAP) Itapúa, spoke with La Nación media about the production situation of the item and the intention to plant […]
By Fabio Serapião The three cases of alleged Russian spies operating worldwide with a Brazilian identity have set the Federal Police (PF) on alert as early as 2022 and raised suspicion of the country’s use of a systematic way to train illegal agents of the Russian government. Sergei Tcherkasov, arrested in the Netherlands and sent […]
On Wednesday (5), Tarcísio de Freitas, governor of São Paulo, announced a contract with IFC, an agency of the World Bank, to conduct studies on the possible privatization of Sabesp, the state sanitation company. While participating in the Brazil Investment Forum, organized by Bradesco BBI, the governor highlighted his optimism about the company's privatization. "I […]
By Hélio Costa Junior In March, savings accounts in Brazil had the largest outflow of funds in the historical series that began in 1995, with a negative balance of withdrawals of R$51.2 billion (US$10.14 billion) in the first three months of the year. The amount represents a nominal increase of 26.9% compared to last year. […]
On Thursday (6), Fernando Haddad, Minister of Finance of the Lula government, announced that the government is considering taxing up to 500 companies that may be using deception to avoid paying taxes. According to the minister, these companies would present "superprofits". About the government measures, Haddad said: "We are talking about big companies that have […]
The Lula administration intends to tax online sports betting and gambling at 15% of gross revenues. The Attorney General's Office of the National Treasury received a draft with this tax rate has been sent for analysis. According to the portal Power360, the tax rate studied by the government will be levied on the amount of […]
By Fernando de Castro Brazilian President Luiz Inácio Lula da Silva received a recommendation from the Council of the Investment Partnership Program (CPPI) on Wednesday 5 to exclude state companies from the privatization processes initiated by former President Jair Bolsonaro. The resolutions published in the Diário Oficial da União (DOU) include Petrobras and Correios (Post […]
According to data released by the World Bank, Brazil has a low proportion of public investment compared to countries in Latin America and the Caribbean (LAC). The national contribution is 1% of GDP (Gross Domestic Product). Bolivia, which leads the ranking in the region, invests 11% of its GDP. Dominican Republic and Haiti follow with […]
By Roberto Caiafa After a forced four-year hiatus, the Brazilian Army returns to LAAD with the purchase of its CAV 8x8 VBC defined after the victory of the favoredCentaur II. In the wake of a slow but successful means modernization program, it may even upgrade the CC Leopard 1A5 BR VBC to a total of […]
Brazil will host a transcendental meeting of the Amazon Cooperation Treaty Organization (ACTO) in August to reactivate the group, which gathers the countries with Amazonian areas in their territory and which lost strength in the last years, official sources informed today. In statements to the press, the Brazilian Foreign Minister, Mauro Vieira, assured that the […]
The Government of Bolivia stated this Thursday that the South American country maintains economic stability, with the most dominant indicator of controlled and accumulated inflation in the first quarter of this year of -0.19 percent. On this issue, the Bolivian president, Luis Arce, pointed out that Bolivia has the lowest inflation in the region due […]
The President of Brazil, Luiz Inácio Lula da Silva, affirmed yesterday that his government would make greater efforts to grow the national economy as of next April 10, the 100th day since his inauguration. "Starting next Monday, when we present what was done in these first 100 days, we will begin with another phase of […]
The president of Chile, Gabriel Boric, announced an additional US$1.5 billion on Thursday to strengthen the State’s fight against organized crime amid a security crisis that has left three police officers dead in the last month. “It is time to act united, and this is what we are doing, ” said the Chilean president from […]
The Workers' Party (PT) lost the dispute over the command of Itaipu's financial directorate to the centrist party. The state-owned company controls the largest hydroelectric power plant in Brazil. According to CNN, André Pepitone will take the post. The nomination had been advocated by Alexandre Silveira (PSD) and other senior members of the party. Among […]
