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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

☆ He Shined a Light on Other Artists. Now the Light Turns to Him.
▼ + stars: | 2023-08-25 | by ( Jill Langlois | ) www.nytimes.com time to read: +1 min

Six years later, certain that he was on the right path as an artist, he held his first solo exhibition. He soon moved to the state capital, Salvador, where he studied printmaking at the Escola de Belas Artes da Bahia. After a stint as director of the Museu de Arte da Bahia in the early 1980s, Araújo headed to New York, where he taught courses in graphic arts and sculpture at City College. When Araújo liked an artist, he made it his mission to buy every piece of theirs he could find. But while Araújo had been winning praise for supporting certain artists, he was criticized for not including others.

Persons: Araújo, São, Arthur Timótheo da Costa Organizations: Escola, Artes, Museu, da, City College, Museu Afro Brasil Locations: Salvador, Bahia, Florence, New York, Brazil, Brazil’s

☆ You're more likely to live the American dream in Germany, Denmark, or Australia
▼ + stars: | 2023-06-22 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

But a child born in poverty in America is more likely to face poverty in adulthood than in many Western countries. Recent research shows that's more likely to happen in Denmark, Germany, Australia, and the UK. Their finding: "Intergenerational poverty in the U.S. is four times stronger than in Denmark and Germany, and twice as strong as in Australia and the UK." Bocconi University, Rockwool Foundation and Stockholm UniversityThis table shows what the researchers call "intergenerational persistence of poverty" across five countries. So yes, you're more likely to experience the American Dream in many countries outside the US.

Persons: —, Pedro Nicolaci da Costa Organizations: Service, Bocconi University, Rockwool Foundation, Stockholm University, Stockholm, Federal Reserve Bank of Chicago Locations: America, Denmark, Germany, Australia, U.S, American, Danish, Canada

☆ Replanting the Amazon could slow global warming. Here’s why it’s hard
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +24 min

Milton da Costa Junior nosed his pickup through a remote stretch of the western Brazilian Amazon to check on his babies. Local authorities said the September 2021 incident, which Da Costa outlined in a police report that was reviewed by Reuters, is being investigated. Out of dozens of reforestation initiatives in the country, Rioterra and The Black Jaguar Foundation, a Brazilian-European group, are among the largest. Illegal invaders destroy in hours what it takes Rioterra or Black Jaguar a year to plant. In all, Black Jaguar has signed contracts with 26 farms and planted 326 hectares (806 acres) to date.

Persons: Milton da Costa, Da Costa, Carlos Nobre, Alexis Bastos, Rioterra, ”, Nobre, “, Bastos, Jamari, Dejesus Aparecido Ramos, it’s, ” Bastos, Jair Bolsonaro, Germany –, Bolsonaro, Luiz Inácio Lula da Silva, Black, Ben Valks, Valks, Leandro Silveira, Silveira, São, ” Valks, aren’t, Cristina Banks, Leite, Marcos Mariani, Araguaia, Mariani, Tânia Irres, ” Irres, Regina Molke, I’ll, Clovis, Black Jaguar, Aquaverde, Renato Franklin, “ Ben, ” Franklin, L’Oreal, da Costa, ” Da Costa, da, Spring, Clare Trainor, Catherine Tai, Lais Morais, Ilan Rubens, Lucy Ha, John Emerson, Marla Dickerson Organizations: Milton da Costa Junior, Toyota, Reuters, Black Jaguar Foundation, National Institute for Space Research, Rioterra, Cultural, Environmental Studies, Petrobras, “, Amazon Fund, Environment Ministry, United, United Arab Emirates, São Paulo, Global, Farmers, Brazil’s Central Bank, Brazil’s National Institute for Space Research, Imperial College London, Santana, Bolsonaro, United Nations, Space Agency, Copernicus, Sentinel Locations: Machadinho, Rondônia, Brazil, Germany, Brazilian, European, Manhattan, Lebanon, Nicaragua, Bastos, Porto Velho, droves, Rio, Black, Itapuã, Oeste, Norway, United Arab, Pará, Caixa, “, Costa, Syria, Paris, Santana, Araguaia’s, Clovis, Regina, United States, South, Geneva, Rio Preto, da Costa

☆ Sweden, Colombia interested in Embraer's KC-390, says Brazilian minister
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

RIO DE JANEIRO, April 14 (Reuters) - Brazilian Defense Minister Jose Mucio said late Thursday that countries such as Sweden and Colombia had expressed interest in buying Embraer's (EMBR3.SA) KC-390 military cargo aircraft. But the concept of the KC-390 is very big with all the countries," he told Reuters. "Sweden itself has talked about the KC-390, others have also talked about it and it's a big success. Sweden was expected to give an answer and Colombia is also interested in making an acquisition," he added. Earlier this week, Reuters reported, citing sources, that Austria was looking to advance in talks with Embraer on purchasing four or five KC-390 aircraft.

LONDON, March 6 (Reuters) - Two former JP Morgan credit bankers on Monday launched a new impact investment advisory firm focused on emerging market infrastructure, with a minority stake by British insurer Legal & General's (LGEN.L) alternative investments arm. The firm, ImpactA Global, aims to help address the World Bank's estimated need for $1 trillion in annual investment in emerging market infrastructure to meet development goals. Da Costa Mendes, a former JPMorgan executive director, shares the top job at ImpactA with co-founder Victoria Miles, who had served as a managing director of the Wall Street firm. ImpactA aims to bring in investors such as development finance institutions, export credit agencies and institutional asset managers to provide debt financing to these projects. ImpactA is among the very few investment firms focused solely on emerging market infrastructure debt, with a global rather than regional focus, she added.

☆ When the chips go up: Big banks bet on S. Korea, Taiwan stocks for 2023
▼ + stars: | 2022-12-01 | by ( Harish Sridharan | ) www.reuters.com time to read: +5 min

Goldman Sachs says South Korean stocks are the bank's top "rebound candidate" for 2023 due to low valuations, made cheaper by a nosediving Korean won, and as companies benefit from an expected recovery in Chinese demand. "We think (Korean stocks) sold off too much in September and August." Morgan Stanley downgraded its view on Indian exposure in October, when it upgraded its recommendation for South Korea. Like South Korea, Taiwan (.TWII) is another heavily-sold and chip-maker dominated market - though tensions with China make some investors a bit less enthusiastic. Meanwhile, Taiwan and South Korea are both geopolitical flashpoints - but analysts argue at least some of that is already in the price.

☆ Asian stocks jump after Powell hints at rate hike slowdown
▼ + stars: | 2022-12-01 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

SINGAPORE, Dec 1 (Reuters) - Asian equities jumped on Thursday, while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace of monetary tightening. Powell's comments at the Brookings Institution in Washington sent Wall Street equities soaring, while the U.S. dollar and Treasury yields fell. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) jumped 2% in early Asian trade. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 5.2 bps at 4.321%. In commodity markets, gold prices climbed to a two-week high in early Asian trade on Thursday.

☆ Hong Kong sees IPO slowdown reversing; eyes international issuers
▼ + stars: | 2022-11-30 | by ( Sumeet Chatterjee | ) www.reuters.com time to read: +3 min

China's economic slowdown, a sweeping regulatory crackdown that has tightened scrutiny over companies' fundraising outside mainland China and geopolitical tensions have all resulted in a bleak year for new listings in Hong Kong. "In other words, we will make ourselves much more diversified (with) many more international companies and that will be our strategy." International investors account for about 42% of investments in Hong Kong's equity market, and that share is "a lot higher" in the derivatives market, Cha said. Years of strict COVID restrictions have also badly hit Hong Kong's economy, but the city has lifted most of its curbs in the last couple of months. "So for us, there was, like the rest of Hong Kong, a higher attrition rate about 12 months ago, and that has come down now."

☆ China's BYD to sell EVs in Mexico in 2023, aims for up to 30,000 sales in 2024
▼ + stars: | 2022-11-30 | by ( Kylie Madry | ) www.reuters.com time to read: +3 min

[1/4] The interior of the BYD HAN EV is displayed as the Chinese electric-vehicle producer announces its expansion to the consumer market next year in Mexico, in Toluca, Mexico November 29, 2022. As per Mexico's Automotive Industry Association, just 4.5% of cars sold in the first eight months of this year were hybrid, or around 31,000 of nearly 693,000 sold in total. While BYD declined to name starting prices of its vehicles in Mexico, Zou stressed the company's affordability. BYD's Zou also said the company aimed to sell cars through 15 licensed dealers in Mexico by the end of 2023 and hit 30 by 2024. Zou said as U.S. states such as California go fully electric, Mexico — which produces a vast amount of cars for its northern neighbors — will likely follow.

China on Friday launched its first private pension scheme in 36 cities as it grapples with a rapidly ageing population, allowing individuals to open retirement accounts at banks to buy pension products ranging from deposits to mutual funds. The move marked the official launch of China's version of IRA, or Individual Retirement Accounts in the United States, a private pension scheme that offers tax advantages for individuals saving for retirement. As part of the new system, local domestic workers covered by China's public pension insurance can participate in the private pension scheme and contribute up to 12,000 yuan ($1,680) per year to their individual accounts and receive tax benefits. Eddy Wong, chief executive of China International Fund Management (CIFM), a joint venture between JPMorgan and Shanghai International Trust Co., said China's individual pension market has "huge potential and room for development". "The first movers in China's pension market enjoy an advantage," said Howhow Zhang, Greater China wealth and asset management strategy and transactions leader at consultancy EY.

HANOI, Dec 1 (Reuters) - Every Tuesday, 79-year-old Nguyen Thi Loc joins a group of grey-haired students to study English at a house in Hanoi, with the aim of socialising and keeping her brain sharp. The informal classes are free and are taught by Phung Thi Yen, who trained as an English teacher but currently works as an office worker. Loc has never studied a foreign language before, but with her newly acquired skills she chants in chorus with her classmates: "Never too old to learn English". English is Vietnam's most commonly taught foreign language after having become a mandatory subject at school in the 1990s. "Even though we are old, we still should try to study, because studying helps the brain," she said.

☆ Exclusive: Tesla readies revamped Model 3 with project 'Highland' -sources
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +6 min

[1/2] A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch in Hawthorne, California, U.S. March 31, 2016. Tesla’s Shanghai Gigafactory will put the redesigned Model 3 into production in the third quarter of 2023, they said. CHANGE YOU CAN SEEThe redesign for the Model 3 builds on the revamp of the Model S -- Tesla’s premium EV sedan -- that was released last year. The Model 3, Tesla’s cheapest EV starting at just under $47,000 in the United States, had been the automaker’s best-seller but is being overtaken by the Model Y crossover. KEEP IT SIMPLEMusk has pushed a simplified approach to design and production at Tesla that the Highland project extends, said the people with knowledge of the development.

It fell as far as $73.60 earlier, its lowest since Dec. 22, 2021. The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, known as OPEC+, will meet on Dec. 4. read moreInvestors also focused on Western plans for a price cap on Russian oil. On Thursday, EU governments were split on the level at which to cap Russian oil prices. The price cap is due to come into effect on Dec. 5 when an EU ban on Russian crude also takes effect.

☆ Evergrande aims to win approval for restructuring proposals early next year
▼ + stars: | 2022-11-28 | by ( Xie Yu | ) www.reuters.com time to read: +1 min

HONG KONG, Nov 28 (Reuters) - Embattled property developer China Evergrande Group (3333.HK) aims to win creditors' support for its debt restructuring proposals by as early as the end of February, the company's lawyers said on Monday. Its $22.7 billion worth of offshore debt, including loans and private bonds, is deemed to be in default after missed payments late last year. With few fresh funding options and slowing property sales, Evergrande, which has $300 billion in total liabilities, began one of China's biggest debt-restructuring processes this year. Evergrande expects to firm up debt restructuring proposals by end-February or early-March, lawyers for the developer told a Hong Kong court, which adjourned a winding-up lawsuit against the developer to March 20, 2023. Evergrande and its major offshore credit group have opposed to the winding-up petition, saying the developer was actively pushing forward with the offshore debt restructuring work in the interest of all creditors.

☆ Morning Bid: Red alert
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

Reuters Graphics Reuters GraphicsEuropean markets are likely to take a cue from the wave of red splashed across Asian markets on Monday, while investors will also scrutinise Wednesday's euro zone inflation data to see if the worst of the price surge is behind. While economists at Citi expect headline inflation to post the first decline since mid-2020, driven by falling energy inflation, European Central Bank's top economic thinkers have been sparring on the outlook for inflation and rates. Though U.S. inflation may be close to peaking, euro area price pressures remain strong. Inflation in the euro zone was 10.6% in October, more than five times the ECB's 2% target. The comments come after Switzerland's second-largest bank flagged a hefty loss last week as wealthy clients turn their back on the embattled bank.

WTI's trading range is expected to fall to $70-$75, he said, adding the market could stay volatile depending on the outcome of the OPEC+ meeting and the price cap on Russian oil. read moreInvestors also focused on Western plans for a price cap on Russian oil. Group of Seven(G7) and European Union diplomats have been discussing a price cap on Russian oil of between $65 and $70 a barrel, with the aim of limiting revenue to fund Moscow's military offensive in Ukraine without disrupting global oil markets. On Thursday, EU governments were split on the level at which to cap Russian oil prices. The price cap is due to come into effect on Dec. 5 when an EU ban on Russian crude kicks off.

☆ Dollar headed for weekly loss as investors brace for slower Fed hikes
▼ + stars: | 2022-11-25 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The Japanese yen jumped roughly 0.7% overnight, and last bought 138.60 per dollar. Against a basket of currencies, the U.S. dollar index stood at 105.94, testing its three-month trough of 105.30 hit last week. read moreThe euro was 0.06% lower at $1.04045, but remained close to $1.0481, its highest level in over four months hit last week. The kiwi slid 0.19% to $0.6252, but that was not far off its three-month peak hit in the previous session. The New Zealand dollar was headed for a weekly gain of more than 1.5%, aided by the Reserve Bank of New Zealand's 75 bp rate hike earlier in the week and its hawkish rate outlook.

☆ Oil drops as Russian price cap proposal eases concerns about tight supply
▼ + stars: | 2022-11-24 | by ( Yuka Obayashi | ) www.reuters.com time to read: +4 min

Both benchmarks plunged more than 3% on Wednesday on news the planned price cap on Russian oil could be above the current market level. A higher price cap could make it attractive for Russia to continue to sell its oil, reducing the risk of a supply shortage in global oil markets. "If the EU agree to an oil price cap of $65‑$70/bbl this week, we see downside risks to our oil price forecast of $95/bbl this quarter," Dhar said. Commonwealth Bank's $95/bbl forecast was based on the assmption that EU sanctions and a price cap on Russian oil would disrupt enough supply to offset global growth concerns, Dhar said. Some Indian and Chinese refiners are paying prices below the proposed price cap level for Urals crude, traders said.

☆ Qantas disappointed by domestic cabin crew's industrial action vote
▼ + stars: | 2022-11-24 | by ( Jamie Freed | ) www.reuters.com time to read: +2 min

SYDNEY, Nov 24 (Reuters) - Qantas Airways Ltd (QAN.AX) said on Thursday it was disappointed that domestic cabin crew had voted in favour of industrial action that could include work stoppages of up to 24 hours amid negotiations over a fresh deal involving pay and conditions. The Flight Attendants' Association of Australia (FAAA), which had raised concerns that the proposed Qantas pay deal would extend duty lengths and reduce rest provisions, said 99% of votes received were in favour of industrial action. "The FAAA aims to take a measured approach to any industrial action which minimises disruption to the travelling public, especially over the upcoming Christmas holiday peak," the union said in a statement. "This is a very disappointing step by FAAA given we're continuing to negotiate towards a new agreement," a Qantas spokesperson said. Pilots at low-cost arm Jetstar this week voted in favour of a new pay deal, according to the Australian Federation of Air Pilots.

☆ South Korea's central bank raises rates by 25 bps, as expected
▼ + stars: | 2022-11-24 | by ( Cynthia Kim | Jihoon Lee | ) www.reuters.com time to read: +1 min

SEOUL, Nov 24 (Reuters) - South Korea's central bank raised interest rates by a more modest 25 basis points on Thursday, as expected, slowing the pace of policy tightening as it tries to tame inflation without choking off economic growth. The Bank of Korea (BOK) raised its benchmark policy rate (KROCRT=ECI) to 3.25%, the highest level since July 2012, after delivering a half-percentage point hike in October. All but one of 30 economists expected the central bank to opt for a quarter-point hike in a Reuters poll, while one forecast another half-point rise. The Bank of Korea has raised the policy rate by a total of 275 basis points since August 2021 from a record low of 0.50%. Reporting by Cynthia Kim, Jihoon Lee and Choonsik Yoo; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

The Bank of Korea (BOK) raised its benchmark policy rate (KROCRT=ECI) to 3.25% on Thursday, the highest level since 2012, after delivering a half-percentage point hike in October. The BOK is in the midst of its most aggressive policy tightening on record, having been a front-runner in withdrawing pandemic-era stimulus in the region when it started raising interest rates in August 2021. Since then, it has raised rates by a total of 275 basis points, delivering bigger 50-basis-point rate hikes for the first time since the current monetary framework was introduced in 1999. The central bank aims to keep inflation at 2%. The slowdown in the tightening pace has also been facilitated by a rebound in the local currency.

Companies Vitol SA FollowSINGAPORE, Nov 23 (Reuters) - An imminent price cap on Russian oil by G7 countries is likely to divert trade to smaller companies, the chief executive of Dutch energy and commodity trader Vitol, Russell Hardy, said on Wednesday. Larger corporates such as Western banks and insurance companies will not participate in the trades unless there is absolute clarity that the price of the contract is below the price cap, Hardy said at the FT Commodities Asia Summit in Singapore. So the challenge of redirecting leftover Russian oil that typically goes into Europe will be in the hands of smaller companies that do not operate in G7 nations, he said. The price cap will probably be segmented into three portions, including low-value Russian products, high-value Russian products, and crude oil, he added. PRICE OUTLOOKHardy said oil prices would still lean towards the downside until early 2023, as some customers had already covered their current requirements.

☆ Global shares shake off China COVID curbs, but investors stay cautious
▼ + stars: | 2022-11-22 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

The dollar pulled back from strong overnight gains while oil took a pause from Monday's retreat. The MSCI All-World index of shares (.MIWD00000PUS) rose 0.2%, putting it on course for a second straight month of increases - its longest stretch of gains since late 2021. The dollar of the gains that took it to a 10-day high on Monday, when investors ditched risk assets over China's COVID flare-ups and was last down 0.2%. The dollar came under pressure in particular against the euro and the yen , which rose by 0.2% and 0.3%, respectively. Oil prices rose on Tuesday, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies.

☆ Mazda unveils $11 bln EV spending plan, considers investing in battery production
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Nov 22 (Reuters) - Japan's Mazda Motor Corp (7261.T) on Tuesday unveiled a $10.6 billion spending plan to electrify its vehicles and said it was also considering investing in battery production. "We will promote the full-fledged launch of battery EVs and consider investing in battery production. We estimate Mazda's EV ratio in global sales to rise to a range between 25% and 40% as of 2030," Mazda said in a statement. Its previous EV sales target was 25% by 2030. Mazda CEO Akira Marumoto also told reporters the company had reached a supply agreement with battery maker Envision AESC for its EVs produced in Japan.

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