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A general view of flooded streets after the overflow of the Guaiba river on May 4, 2024 in Porto Alegre, Brazil. Rains have struck heavily the Brazilian state of Rio Grande do Sul causing damages in the infrastructure and displacing more than 115,000 people. Authorities report over 78 fatalities and expect the death toll to increase while dozens of people are still missing. The death toll from heavy rains that have caused flooding in Brazil's southern state of Rio Grande do Sul has risen to at least 78, local authorities said on Sunday, with more than 115,000 people displaced. The death toll could still substantially increase as 105 people were reported missing on Sunday, up from about 70 the prior day, according to the state civil defense authority.
Persons: Rains, Luiz Inacio Lula da Silva, Lula, Eduardo Leite, Fabiano Saldanha, Saldanha Organizations: Authorities, Volunteers, Porto Alegre Locations: Porto Alegre, Brazil, Rio Grande do Sul, Porto, Uruguay, Argentina
Wheat futures hit a one-week high on renewed concerns over dry weather in Russia, the world's biggest wheat supplier. In Argentina, corn stunt disease spread by leaf-cutter insects and adverse weather prompted the Buenos Aires grains exchange to slash its estimate for Argentina's 2023/24 corn harvest by 3 millions metric tons to 46.5 tons. In wheat, Russia's IKAR agricultural consultancy cut its forecast for the country's crop to 91 million metric tons from 93 million tons and its wheat exports to 50.5 million metric tons from 52 million tons. Wheat futures jumped as weather forecasts showed the region getting virtually no rain in the coming two weeks. Managed money funds held a net short position in CBOT wheat futures at the beginning of 2024 because of a strong dollar and slow U.S. demand, Zuzolo said.
Persons: Jim Niewold, Susan Stroud, Mike Zuzolo, Nature, Zuzolo Organizations: Chicago Board of Trade, Global, Analytics Locations: Loda , Illinois, Brazil, Russia, Brazil's Rio Grande do Sul, Argentina, Buenos Aires, South America
Supreme Court gives SEC a win over Elon Musk
  + stars: | 2024-04-29 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +2 min
The Supreme Court rejected Elon Musk's bid to get rid of his 'Twitter sitter.' He has to get legal approval for any X posts about Tesla as part of an SEC agreement. Musk argued it limits his free speech, but the court shot him down. AdvertisementThe Supreme Court isn't going to step in to help Elon Musk get rid of his "Twitter sitter." Related storiesHe filed a petition with the Supreme Court to undo the settlement in December, arguing it limited his free speech.
Persons: Elon Musk's, Tesla, Musk, , isn't, Elon Musk, Joe Biden Organizations: SEC, Service, Securities and Exchange, SpaceX, Musk, Bloomberg
Musk has been in public spats with Brazil's Supreme Court and the Australian government this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Musk said on Friday: "The Australian censorship commissar is demanding global content bans." Musk said on X the content had been "censored" for Australia, "pending legal appeal, and it is stored only on servers in the USA." Representatives for Musk did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: Elon, Musk, , That's, he's, Mar Mari Emmanuel, Australia's, Tanya Plibersek, Alexandre de Moraes, de Moraes, Brazil's, De Moraes, Volodymyr Zelenskyy, Zelenskyy's, Donald Trump Jr Organizations: Twitter, Brazil's, Service, Reuters, Australia's eSafety, BBC News, SpaceX, Getty, Business Locations: Sydney, Australian, Australia's, Australia, USA, Brazil, Russia, Ukraine, Crimea, Ireland, Dublin
Sopa Images | Lightrocket | Getty ImagesMining of critical minerals plays a crucial role in the global green transition, but the broader industry's bad reputation and other challenges present investment barriers, industry experts warn. Critical minerals include metals such as copper, lithium, nickel, cobalt and rare earth elements, and are important components in emerging green technologies such as wind turbines and electric vehicles. Speaking on a panel at Singapore's annual Ecosperity Week, which ended Wednesday, mining industry experts and investors said the growing demand from green tech makes it necessary to increase government support and capital flows into the critical mining sector. Many of the same companies that mine critical minerals also mine environmentally damaging fossil fuels like coal. One area that has seen recent strides and investments has been in the recycling of critical minerals, which cuts down the need of extraction.
Persons: Adam Matthews, Dominic Barton, Barton, Scott Clements Organizations: PT Vale, Getty Images, Global Investor Commission, Mining, Royal Bank of Canada, Rio Tinto, LeapFrog Investments, International Renewable Energy Agency, EV, World Bank, Tribeca Capital Locations: PT Vale Indonesia, China, Paris, Rio, Indonesia's Sulawesi, Rio Tinto, Western Australia
A woman in Brazil was arrested after seemingly trying to secure a bank loan using her dead uncle's signature. The woman appeared to bring her uncle's body to the bank in a wheelchair and tried to use it to sign papers. Bank staff became suspicious when the man was unresponsive and his head kept lolling, local media said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA woman in Brazil was arrested on Tuesday on suspicion of theft by fraud and violating a corpse after she brought her uncle to a bank to sign a loan agreement, local media outlets reported.
Persons: , O Dia, Erika de Souza Vieira Nunes, Nunes, that's, Paulo Roberto Braga, Correio Braziliense, Braga, Correio, Christ, Christian Adams, William Jackson Organizations: Bank, Service, Itaú Bank, Economics Locations: Brazil, Rio, Rio de Janeiro, South America
The Brazilian chefs Leticia Schwartz and Luiza Souza shared their favorite dishes, including feijoada. Souza and Schwartz shared their favorite Brazilian dishes that embody the spirit of Rio during Carnival and beyond. Bar da Gema's fried polenta with oxtail, one of the restaurant's most popular dishes. Nico Schinco for BI"Feijoada is the most iconic food of Brazil and from Rio," Schwartz said. One of Bar da Gema's most popular dishes is coxinha, fried teardrop-shaped dough filled with shredded meat.
Persons: Leticia Schwartz, Luiza Souza, , Schwartz, Nico Schinco, Gema, Kristin Bethge, Souza, Leandro Amaral, Amaral, Rio doesn't, Eduardo Gomes, brigadeiro, Brazil it's, BI Schwartz, hasn't Organizations: Service, Brazil's, BI Souza, Catholic, BI, Rio, polenta, Ash Locations: Rio de Janeiro, Greenwich , Connecticut, Rio, Bahia, Brazil, Brazilian, sprinkles, France, French, Portugal, French Guiana, Rio ., Minas Gerais, Curitiba
Elon Musk said he would ignore the order and demanded that Brazil uphold free speech principles. Musk's voice isn't helping the country's debate on free speech, a civil liberties expert told BI. AdvertisementElon Musk is wading into a war with Brazil over orders from the country's Supreme Court to ban certain X accounts that helped spread election misinformation. However, the country's protection of free speech is not absolute, giving the federal government greater discretion to ban certain types of speech — like hate speech. And it's this type of speech that Musk is going to bat for in Brazil — speech that can have serious implications for the country.
Persons: Elon Musk, , Elon, isn't, Musk, Alexandre de Moraes, de Moraes, De Moraes, Jair Bolsonaro, Alimonti, Bolsonaro, Donald Trump, country's, brazenly, Jack Dorsey, Charles Breyer, Musk's, Breyer Organizations: Brazilian, Court, Service, Associated Press, Electronic Frontier Foundation, Nazi, Musk, Business, X Corp, Media Matters Locations: Brazil, China, India, Turkey
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC Chairman Jay Clayton on U.S.-China relations, TikTok bill and Elon MuskFormer SEC Chairman Jay Clayton joins 'Squawk Box' to discuss the state of U.S.-China relations, fate of the TikTok bill in Congress, whether the social media app is a national security threat, Elon Musk defying Brazil's court order take down some far-right accounts on X, and more.
Persons: Jay Clayton, Elon Musk Organizations: SEC, Elon Musk Locations: U.S, China
Read previewElon Musk's free speech clash with Brazil's government is intensifying. On Sunday, the country's Supreme Court described his defiance of an order to take down several accounts on X as a "flagrant" obstruction. The accounts are believed to be linked to digital militias that have spread fake news and threats against Brazil's supreme court during the administration of President Jair Bolsonaro, The Associated Press reported . Brazilian Supreme Court judge, Justice Alexandre de Moraes, said Musk had launched a disinformation campaign against the Supreme Court, and that he should be investigated. When it comes to potentially aggravating China, it seems that Musk's commitment to free speech may be less absolute than he claims.
Persons: , Elon, Brazil's, Jair Bolsonaro, Alexandre de Moraes, Musk, Tesla Organizations: Service, Associated Press, Business, Supreme, Communist, The New York Times, Musk's, Monday Locations: Brazil, China, Shanghai
Supreme Court Justice Alexandre de Moraes announced Sunday that he would open an inquiry into the billionaire businessman who owns X. Musk suggested that Moraes was behind the ban, writing Sunday on X that the judge had “brazenly and repeatedly betrayed the constitution and people of Brazil. “As a result, we will probably lose all revenue in Brazil and have to shut down our office there. X has faced criticism for accommodating government censorship demands in the past, with Musk saying the company has no choice but to comply. For example, it blocked some X accounts in Turkey at the behest of the government ahead of the country’s elections last year, while at the same time contesting the orders in court.
Persons: London CNN —, Elon Musk, Jorge Messias, Alexandre de Moraes, , Orlando Silva, Suamy, Jair Bolsonaro, Musk, Moraes, “ brazenly, , X Organizations: London CNN, Elon, Sunday, Brazil ” Locations: Brazilian, Brazil, Brasilia, United States, Turkey
Elon Musk just found someone else to fight with
  + stars: | 2024-04-08 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +3 min
Read previewAnother day, another feud for Elon Musk. Musk, for his part, alleged de Moraes was betraying the Brazilian Constitution and said he should resign or be impeached. AdvertisementOn Saturday, X's Global Government Affairs account confirmed it had been forced to block "certain popular accounts in Brazil" — and Musk personally called out de Moraes. But that same day, Musk said X would not block the accounts in question. Related storiesOn Sunday, Musk added that he would share all of de Moraes' demands publicly and encouraged users to download a virtual private network.
Persons: , Elon Musk, Alexandre de Moraes, de Moraes, De Moraes, Brazil's, Jair Bolsonaro, Musk Organizations: Service, Business, Associated Press, X's Global Government Affairs, AP, X Global Government Affairs Locations: Brazil, India, Turkey
Brazil's President Jair Bolsonaro and Tesla CEO Elon Musk talk during a meeting in Porto Feliz city in Sao Paulo state, Brazil May 20, 2022. Brazilian Supreme Court Justice Alexandre de Moraes initiated an investigation into tech magnate Elon Musk on Sunday, the billionaire owner and chief technology officer of social network X. A defiant Musk wrote on Saturday in response to earlier court orders: "We are lifting all restrictions. By Sunday, Musk was further provoking the Brazilian Supreme Court, calling for the resignation or impeachment of Moraes, the justice who decided on the orders. Moraes has long supported regulations to rein in harmful content and misinformation online in Brazil.
Persons: Jair Bolsonaro, Elon Musk, Alexandre de Moraes, Musk, Moraes Organizations: Tesla, Brazilian Locations: Porto Feliz, Sao Paulo state, Brazil
I tried Texas de Brazil, an upscale Brazilian steak house , for a date night with my husband. I thought the $55 flat-rate meal was worth it, and I'd like to go back. AdvertisementTexas de Brazil is a Brazilian steak-house chain across the US as well as parts of Latin America and Asia. The chain is known for its $55, flat-rate dining experience with all-you-can-eat meats and sides. After wanting to try the upscale chain for years, my husband and I finally went for dinner.
Persons: Organizations: Service Locations: Texas, Brazil, Brazilian, America, Asia
SAO PAULO (Reuters) - Brazil's President Luiz Inacio Lula da Silva said on Monday that there is no explanation for keeping the country's benchmark interest rate at the current 11.25% level apart from the "stubbornness" of central bank president Roberto Campos Neto.
Persons: Luiz Inacio Lula da Silva, Roberto Campos Neto Organizations: SAO PAULO, Reuters
Dengue Outbreaks on Rise in Brazil as Vaccine Rollout Lags
  + stars: | 2024-03-06 | by ( March | At P.M. | ) www.usnews.com   time to read: +2 min
On Tuesday, Sao Paulo's state department of health declared a state of emergency, estimating 300 cases for every 100,000 inhabitants. "We have six million doses this year and 50 million doses over five years," he said. Dengue is now present in 85% of Brazil's municipalities, Kfouri added, spreading into regions where it was never seen before. In some cases, the disease can cause a more severe hemorrhagic fever, resulting in bleeding that can lead to death. The Health Ministry's latest weekly bulletin cited some 1.3 million "possible cases" of dengue nationwide and 299 confirmed deaths related to the disease this year.
Persons: Renato Kfouri, Kfouri, Sebastian Rocandio, Steven Grattan, Bill Berkrot Organizations: SAO PAULO, Reuters, Sao Paulo, Leandra Locations: Brazil, Sao Paulo's, Brazil's municipalities
A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. Japanese auto maker Toyota will announce on Tuesday an 11 billion real ($2.2 billion) investment for the next few years in Brazil, the South American country's vice-president said on Sunday. Toyota said in a statement earlier on Sunday, after local media had first reported the new investments, it had no comment on potential future plans. Brazil's vice-president and minister for industry Geraldo Alckmin said on social media the investments will be unveiled at an event in Toyota's factory in the city of Sorocaba, Sao Paulo state. Toyota would be the latest global automaker to unveil plans for extra investment in Brazil this year, following companies such as Volkswagen, General Motors and Hyundai Motor.
Persons: Geraldo Alckmin, Lauro Jardim Organizations: Toyota, American, Sunday, Volkswagen, General Motors, Hyundai Motor Locations: Yokohama, Japan, Brazil, Toyota's, Sorocaba, Sao Paulo
Picking great stocks and avoiding disastrous investments enabled the Ranmore Global Equity Fund to beat the S & P 500 over the past two years, according to its fund manager. The fund, run by portfolio manager Sean Peche, returned 31% in 2023 compared to 24% for the S & P 500 . The Ranmore fund also outperformed its benchmark with 1.8% total returns in 2022 when the S & P 500 and broader indexes nearly fell into a bear market. The fund manager says they take a probability-based approach with many small positions rather than a few big bets. However, according to the fund manager, the market appears to be undervaluing its cash and securities.
Persons: Sean Peche, Peche, Andrew, there's, Where's, Ranmore, it's Organizations: Ranmore Global Equity Fund, Microsoft, Meta, Petrobras, Japan's Nippon TV, GSK, eBay, of, Bank of America, UBS, Carrefour, ABN AMRO, Nippon Locations: Wall, of London, Europe, Ukraine, U.S, Japan, Holland, Netherlands
Paulo Cesar Gomes, a 56-year-old entomologist, found some mosquito larvae swimming in shallow rainwater inside a car bumper. Captured mosquitos and larvae are kept alive and brought to a city laboratory to be tested for dengue. At locations with positive tests, health agents spray the walls with a product that kills mosquitos and then monitor the location for weeks. In Rio, more than 80% of mosquito breeding sites are located in residential properties, health officials say. Health workers and volunteers went door to door, pacing up and down the narrow streets of Rio's Tabajara working-class neighborhood, or favela, to spread the word.
Persons: Paulo Cesar Gomes, , ” Ethel Maciel, Gomes, mosquitos, Maciel, Brazil’s, Oswaldo, Mário Sérgio Ribeiro, Vilza da Costa, , ” Maciel Organizations: RIO DE, Rio, Brazil's Health Ministry, Associated Press, World Health Organization, Health Ministry, Oswaldo Cruz Foundation Locations: RIO DE JANEIRO, Rio, Janeiro, Brazil, Rio de Janeiro, Rio's, America, Caribbean
Brazil's Lula Slams Israel on Gaza War, Says UN Failed
  + stars: | 2024-02-15 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +2 min
CAIRO (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday that the United Nations has failed to resolve international conflicts and harshly criticized Israeli actions in Gaza. Lula said there would not be peace without the establishment of a Palestinian state and called for an immediate ceasefire to allow humanitarian aid into Gaza. War in Israel and Gaza View All 209 Images"The killing must be stopped," he said. Lula said the permanent Security Council should be expanded and its veto powers abolished. Brazil has supported South Africa's case brought before the International Court of Justice against the Israeli military campaign in Gaza, he added.
Persons: Luiz Inacio Lula da Silva, Abdel Fattah al, Lula, Sisi, who's, Israel, Lisandra Paraguassu, Peter Frontini, Anthony Boadle, Andrew Cawthorne, Nick Macfie Organizations: United Nations, Arab League, . Security, Security, International Court of Justice Locations: CAIRO, Gaza, Brazil, Palestinian, Israel, Palestine
Millionaire count in the BRICS countries — which together hold $45 trillion in investable wealth — is forecast to rise by 85% over the next 10 years, the investment migration consultancy noted in its report published in partnership with global intelligence firm New World Wealth. The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally. "The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally," Andrew Amolis, wealth analyst at New World Wealth told CNBC. The UAE followed in third place with a 77% wealth growth. Other members in the BRICS coalition, such as South Africa and Iran, have seen a decline in their millionaire populations since 2013.
Persons: Michel Temer, Vladimir Putin, Xi Jinping, Jacob Zuma, Narendra Modi, Andrew Amolis, Dominic Volek Organizations: India's, United, Henley & Partners, Wealth, CNBC, Amolis, European Union, Henley, Partners, UAE Locations: South, Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Saudi Arabia, Canada, France, Japan, Italy, U.S, United Kingdom, Southeast Asia, UAE
By Lisandra ParaguassuBRASILIA (Reuters) - A Brazilian army colonel wanted by police in an investigation into am attempted coup by associates of Brazil's former far-right president was arrested on Sunday when he returned from the United States. Colonel Bernardo Correa Neto was arrested at Brasilia's airport when he arrived and put in detention at an army garrison after a custody hearing. The Federal Police on Thursday raided Bolsonaro's beach house and political party office, confiscated his passport and accused him of editing a draft decree to overturn the election result as part of an alleged plot for a military coup. Thursday's police operation included search warrants against four former ministers, three of them retired army generals, and the arrest of four former aides, including Colonel Correa Neto. The president of Bolsonaro's right-wing political party, Valdemar Costa Neto, was also arrested on Thursday when a search of his Brasilia home turned up an unregistered firearm.
Persons: Bernardo Correa Neto, Jair Bolsonaro, Luiz Inacio Lula da Silva, Bolsonaro, Lula, Donald Trump, Correa Neto, Bolsonaro's, Valdemar Costa Neto, Alexandre de Moraes, Lisandra Paraguassu, Anthony Boadle, Mark Porter Organizations: Reuters, Inter - American Defense College, Federal Police, Supreme Locations: Paraguassu BRASILIA, United States, Brasilia's, Washington, Florida, Bolsonaro's, Brasilia
By Ana ManoSAO PAULO (Reuters) - Brazilian federal prosecutors are asking a judge to unwind a 2017 deal handing control of pulp and paper company Eldorado from Brazilian firm J&F to Paper Excellence Group, citing restrictions on foreign land ownership. In 2017, J&F Investimentos agreed to sell Eldorado Brasil Celulose to a unit of Paper Excellence at an enterprise value of 15 billion reais ($3.0 billion). Brazil imposed limitations on foreign land ownership in the early 1970s, but spotty public records have left uncertainty about how consistently those restrictions are enforced. In December, Brazil's rural land agency Incra issued a recommendation saying the deal would effectively give Paper Excellence control of 14,486 hectares of rural land owned by Eldorado. Paper Excellence said Incra's opinion was not legally binding, and a judge has not ruled on the prosecutors' motion.
Persons: Ana Mano, unwind, Investimentos, Jackson Widjaja, Incra, Eldorado, Iraja Abreu, Brad Haynes, David Ljunggren Organizations: Ana Mano SAO PAULO, Reuters, Eldorado, Excellence, Eldorado Brasil, Agrarian Reform Ministry Locations: Brazil, Canada, Europe, Latin America, United States, Eldorado ., Eldorado
By Ricardo Brito and Anthony BoadleBRASILIA (Reuters) - Dengue fever has surged in Brazil's hot rainy season, forcing health authorities to take emergency measures and start mass vaccination against the mosquito-borne illness. In the first five weeks of this year 364,855 cases of infection have been reported, the Health Ministry said, four times more than dengue cases in the same period of 2023. The rapid spread of dengue has caused 40 confirmed deaths, the ministry said, and a further 265 are being investigated. The Health Ministry has set up an emergency center to coordinate operations against dengue across Brazil. Dengue fever symptoms include a high fever, headache, vomiting, muscle and joint pains, and an itching skin rash.
Persons: Ricardo Brito, Anthony Boadle BRASILIA, Qdenga, Tedros Adhanom, Anthony Boadle, Angus MacSwan Organizations: Reuters, Health Ministry, Federal, Army, Brazilian Air Force, World Health Organization, WHO, El Locations: Brazil, Minas Gerais, Brasilia, Brasilia ., Rio de Janeiro, Europe, America
DOHA, Qatar (AP) — Chen Yiwen and Chang Yani of China captured their third straight diving world title in women’s synchronized 3-meter springboard on Wednesday. At the Hamad Aquatic Centre, the synchronized silver went to Australia's Anabelle Smith and Maddison Keeney in 300.45. Chang has now won four synchronized 3-meter world titles, also taking the 2017 championship while partnered with Shi Tingmao. The 30-year-old now has three world championships over her illustrious career, along with gold and silver medals at the Olympics. It was the 16th world medal for Cunha, who has reached the podium in eight straight championships going back to 2011.
Persons: — Chen Yiwen, Chang Yani, Sharon van Rouwendaal, Logan Fontaine of France, Australia's Anabelle Smith, Maddison Keeney, Britain's Scarlett Mew Jensen, Yasmin Harper, Krysta Palmer, Alison Gibson, Chen, Chang, Budapest . Chang, Shi Tingmao, Van Rouwendaal, Chelsea Gubecka, Brazil's Ana Marcela Cunha, Cunha, Fontaine, Marc, Antoine Olivier, Italy’s Domenico Acerenza, Hungary's Kristóf, Italy's Gregorio Paltrinieri, ___ Organizations: Doha Old Port, Hamad Aquatic Centre, Olympics, Chelsea, France Locations: DOHA, Qatar, China, Doha, Netherlands, Fukuoka, Budapest ., Perth, Australia
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