DIRS.INFO The most relevant business & tech news

☆ 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

☆ Brazil Increases Northern Border Military Presence Amid Venezuela-Guyana Spat -Ministry
▼ + stars: | 2023-11-29 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

BRASILIA (Reuters) - Brazil "has intensified defensive actions" along its northern border as it monitors a territorial dispute between its neighbors, Guyana and Venezuela, the country's defense ministry said on Wednesday. Defensive actions have been intensified in the northern border region of the country, promoting a greater military presence," it said in a statement. Venezuela's claims on the Esequiba, which have been the source of a long-running territorial dispute, were reignited in recent years after Guyana's discovery of oil and gas near the maritime border. The International Court of Justice (ICJ) is expected to rule on Friday on a request by Guyana that the referendum be called off. The Venezuelan communications ministry did not immediately respond to a request for comment on Brazil's actions.

Persons: Ricardo Brito, Peter Frontini, Vivian Sequera, Gabriel Stargardter, Diane Craft, Sandra Maler Organizations: Reuters, Ministry of Defense, Court of Justice Locations: BRASILIA, Brazil, Guyana, Venezuela, Venezuelan, Caracas

☆ Brazil increases northern border military presence amid Venezuela-Guyana spat -ministry
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsBRASILIA, Nov 29 (Reuters) - Brazil "has intensified defensive actions" along its northern border as it monitors a territorial dispute between its neighbors, Guyana and Venezuela, the country's defense ministry said on Wednesday. Defensive actions have been intensified in the northern border region of the country, promoting a greater military presence," it said in a statement. Venezuela's claims on the Esequiba, which have been the source of a long-running territorial dispute, were reignited in recent years after Guyana's discovery of oil and gas near the maritime border. On Dec. 3, Venezuelans will vote in a referendum on "the rights" to the Esequiba. The Venezuelan communications ministry did not immediately respond to a request for comment on Brazil's actions.

Persons: Leonardo Fernandez Viloria, Ricardo Brito, Peter Frontini, Vivian Sequera, Gabriel Stargardter, Diane Craft, Sandra Maler Organizations: National Bolivarian Armed Forces, REUTERS, Rights, Ministry of Defense, Court of Justice, Thomson Locations: Venezuela, Esequiba, Guyana, Caracas, Rights BRASILIA, Brazil, Venezuelan

☆ Petrobras CEO replacement being discussed within Brazil gov't, sources say
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

President Luiz Inacio Lula da Silva has shown dissatisfaction with certain actions taken by CEO Jean Paul Prates. Lula asked the CEO to tweak Petrobras' investment plan to prioritize local job creation, Reuters reported last week. "There should be changes" in the presidency of Petrobras, one of the sources said. Last week, Mines and Energy Minister Alexandre Silveira said it was past time for Petrobras to reduce diesel and gasoline prices at its refineries. Reporting by Sabrina Valle and Lisandra Paraguassu; Writing by Peter Frontini; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Jean Paul Prates, Lula, Prates, Alexandre Silveira, Sabrina Valle, Lisandra, Peter Frontini, David Gregorio Our Organizations: Petroleo Brasileiro SA Petrobras, HOUSTON, Petrobras, PETR4, Reuters, Mines, Energy, Thomson Locations: BRASILIA

☆ Rio's Christ the Redeemer welcomes Taylor Swift to Brazil
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

Taylor Swift attends a premiere for Taylor Swift: The Eras Tour in Los Angeles, California, U.S., October 11, 2023. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsRIO DE JANEIRO, Nov 16 (Reuters) - The world's most famous statue of Jesus Christ, the Christ the Redeemer statue in Rio de Janeiro, Brazil, welcomed superstar Taylor Swift to town ahead of her first set of concerts to a massive audience in Brazil. The iconic statue, known for its spread-open arms, donned a white, projected "Welcome to Brazil" T-shirt to greet the singer. The Christ the Redeemer Archdiocesan Sanctuary, which manages the monument, accepted their request, asking for donations from the Swifties in return. Reporting by Sergio Queiroz; Writing by Peter Frontini; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Taylor Swift, Mario Anzuoni, Jesus Christ, Swift, Sergio Queiroz, Peter Frontini, Christopher Cushing Organizations: REUTERS, DE, Redeemer Archdiocesan, Thomson Locations: Los Angeles , California, U.S, DE JANEIRO, Rio de Janeiro, Brazil, United States, Mexico, Argentina, Rio, Sao Paulo

☆ Brazil's StoneCo sees profit multiplying eightfold by 2027
▼ + stars: | 2023-11-15 | by ( Andre Romani | ) www.reuters.com time to read: +2 min

The firm will continue to focus on the micro, small and medium-sized business (MSMB) client segments, while maintaining a controlled level of investment, Zinner said. StoneCo is projecting adjusted net profit of at least 1.9 billion reais in 2024 and at least 4.3 billion reais in 2027, an aggressive target after closing last year with an adjusted net profit of 526 million reais. The bullish guidance comes on the heels of a more than 300% increase in adjusted profit for the third quarter year-on-year, which boosted the company's 12.9% on Monday in New York. The volume of payments processed by the company in the MSMB segment is expected to exceed 412 billion reais in 2024 and reach over 600 billion reais in 2027, compared to 290 billion reais last year. With the acquisition of Linx, it also has now a significant presence in the business management software space.

Persons: Pedro Zinner, Zinner, StoneCo, Peter Frontini, Ana Mano, Cynthia Osterman Organizations: SAO PAULO, Reuters, André, Thomson Locations: New York

☆ Brazil's Localiza sees Q3 profit up 57% on fleet management demand
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

Companies Localiza Rent a Car SA FollowSAO PAULO, Nov 13 (Reuters) - Brazilian car rental firm Localiza (RENT3.SA) said on Monday it recorded a 56.9% growth in third-quarter profit, in line with analysts' estimates as its fleet management business grew. The firm posted a net profit of 664.7 million reais, compared to the consensus estimate of analysts polled by LSEG of 664.52 million reais. Net revenue for Localiza's fleet management division, which rents out and services entire fleets of vehicles to clients, grew 49.2% from the year-ago quarter to 1.73 billion reais. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter reached 2.68 billion reais, up 12.5% from a year earlier. Reporting by Peter Frontini; Editing by Kylie MadryOur Standards: The Thomson Reuters Trust Principles.

Persons: Peter Frontini, Kylie Madry Organizations: SAO PAULO, Thomson

☆ Brazilian cotton hits the runway at Sao Paulo Fashion Week
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

[1/5] A model presents a creation by the project “Sou de algodao" (I'm made of cotton) during Sao Paulo Fashion Week, in Sao Paulo, Brazil November 9, 2023. REUTERS/Carla Carniel Acquire Licensing RightsSAO PAULO, Nov 10 (Reuters) - Brazilian cotton producers took the natural fiber to the runway on Thursday night, strutting the catwalk of Sao Paulo Fashion Week (SPFW) in celebration of the 150th anniversary of jeans. Paulo Martinez, a Brazilian fashion icon who styled the show, pointed out that Brazilian cotton is "indispensable" in the manufacturing of the denim garments. More important than the race to come out on top is to show the industry and consumers the quality of Brazil's product, said the president of the Brazilian Cotton Producers Association (Abrapa), Alexandre Schenkel. For Schenkel, the runway showcased the fruits of designers' labor.

Persons: I'm, Carla Carniel, Paulo Martinez, Alexandre Schenkel, Roberto Samora, Peter Frontini, David Gregorio Our Organizations: Sao Paulo Fashion, REUTERS, SAO PAULO, Brazilian Cotton Producers Association, Thomson Locations: Sao Paulo, Brazil, Brazilian, States, China, India

A general view shows the water conditions in the Piraiba river before a summit of Amazon rainforest nations, in Belem, Para state, Brazil August 5, 2023. The Amazon jungle is the world's largest rainforest and its protection is seen as vital to curbing climate change. "It's an impressive result and seals Brazil's return to the climate agenda," said Marcio Astrini, head of advocacy group Climate Observatory. Under the right-wing former president, destruction at the hands of ranchers, land speculators and miners surged to a 15 year high. The official annual period is measured from August to July as there is less cloud cover in the middle of the year to obscure deforestation on satellite images.

Persons: Ueslei Marcelino, Luiz Inacio Lula da Silva, Jair Bolsonaro, Bolsonaro, Marcio Astrini, Lula, Peter Frontini, Jake Spring, Kylie Madry, David Gregorio Our Organizations: REUTERS, SAO PAULO, Thomson Locations: Belem , Para, Brazil

☆ Banco do Brasil's quarterly profit edges up on interest income
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Banco do Brasil's adjusted net income reached 8.79 billion reais ($1.79 billion) during the period, while analysts polled by Refinitiv expected 8.98 billion reais. Loan-loss provisions were at 7.52 billion reais in the period, up 4.7% from the previous quarter and 66.4% higher than a year earlier. Part of that growth was caused by the reclassification of debt from struggling retailer Americanas (AMER3.SA), Banco do Brasil said. The bank's 90-day loan default ratio grew 0.8 percentage points compared to the previous quarter to 2.81%, still well below the delinquency level of its listed peers. The company's interest income rose 21.1% from a year earlier to 23.68 billion reais, while analysts expected 23.28 billion reais.

Persons: Leonardo Benassato, Peter Frontini, Anthony Esposito, Sandra Maler Organizations: Banco, REUTERS, SAO PAULO, Brasil SA, Americanas, Brasil, Thomson Locations: Brasil, Uberaba, Minas Gerais, Brazil

☆ MercadoLibre's third-quarter profit soars past expectations
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Stelleo Tolda, Chief Operating Officer (COO) of MercadoLibre (Online marketplace company) poses at the entrance of the company's headquarters in Sao Paulo, Brazil, July 10, 2017. The company posted a profit of $359.0 million for the July-September period, while analysts polled by LSEG expected $298.1 million. Total net revenue was around $3.8 billion in the quarter ended in September, up 39.8% year-on-year. Within the e-commerce operation, net revenue rose to $2.1 billion, up 45.2%. In its financial services arm, Mercado Pago, net revenue grew 33.2% to $1.6 billion, as the company increased the pace of lending, while its total volume of payments processed also jumped.

Persons: Stelleo Tolda, Nacho, LSEG, Andre Chaves, Chaves, Mercado, Andre Romani, Peter Frontini, Kylie Madry Organizations: REUTERS, SAO PAULO, Analysts, Mercado Pago, Thomson Locations: Sao Paulo, Brazil, Mexico, Argentina

☆ Brazil's QI Tech raises $200 million in General Atlantic-led round
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Oct 31 (Reuters) - QI Tech, a Brazilian financial services provider to businesses, raised 1 billion reais ($200 million) in a Series B round led by General Atlantic to fund future acquisitions while preparing for a potential public offering, the company said on Tuesday. The Sao Paulo-based firm provides banking services and digital infrastructure for businesses. With the funds, QI Tech will be "very attentive to market opportunities," co-founder and Chief Financial Officer Marcelo Bentivoglio told Reuters. In addition to General Atlantic, the round was joined by Across Capital Partners, which already was a shareholder in the firm. QI Tech had also previously received investments from Singapore's GIC in a round that raised $50 million.

Persons: Marcelo Bentivoglio, Bentivoglio, Patricia Vilas Boas, Peter Frontini, Chris Reese Organizations: SAO PAULO, QI Tech, General Atlantic, Tech, Reuters, Across Capital Partners, Thomson Locations: Sao Paulo, Brazil

☆ Bolivia severs ties with Israel, others recall envoys over Gaza
▼ + stars: | 2023-10-31 | by ( Daniel Ramos | ) www.reuters.com time to read: +3 min

[1/2] Palestinians conduct search and rescue operations at the site of Israeli strikes on a residential building, in the central Gaza Strip October 31, 2023. The three South American nations lambasted Israel's attacks on Gaza and condemned the deaths of Palestinian citizens. "What we have now is the insanity of Israel's prime minister, who wants to wipe out the Gaza Strip," said Brazilian President Luiz Inacio Lula da Silva on Friday. Bolivia cut diplomatic ties with Israel in 2009 under the government of leftist President Evo Morales, also in protest against Israel's actions in Gaza. Gaza health authorities say that 8,525 people, including 3,542 children, have been killed in Israeli attacks since Oct. 7.

Persons: Ahmed Zakot, LA, Freddy Mamani, Israel, Gustavo Petro, Luiz Inacio Lula da Silva, Evo Morales, Jeanine Anez, Arce, U.N, Daniel Ramos, Gabriel Araujo, Lucinda Elliott, Oliver Griffin, Peter Frontini, Brendan O'Boyle, Kylie Madry, Rosalba O'Brien, Stephen Coates Organizations: REUTERS, LA PAZ, Israel, Bolivian, Thomson Locations: Gaza, Bolivia, Israel, Colombia, Chile, Mexico, Brazil, Palestinian, Iran

☆ Brazil's Lula names new CEO of state-run lender Caixa
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Companies Caixa Economica Federal FollowBRASILIA, Oct 25 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Wednesday picked Carlos Antonio Vieira Fernandes to replace Rita Serrano as CEO of state-run lender Caixa Economica Federal. Her replacement, Fernandes, is a former worker at the bank and former director of the Caixa employees' pension fund, Funcef. The CEO appointment comes after months of negotiations with a powerful bloc of lawmakers called "centrao." Fernandes was recommended to Lula by Lower House Speaker Arthur Lira on behalf of the bloc, in exchange for more support in Congress. Reporting by Lisandra Paraguassu; Writing by Peter Frontini; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Carlos Antonio Vieira Fernandes, Rita Serrano, Serrano, Lula, Fernandes, Arthur Lira, Lisandra Paraguassu, Peter Frontini, Leslie Adler Organizations: Caixa Economica, Caixa Economica Federal, Caixa, Lower, Thomson Locations: BRASILIA, Caixa, Lula

☆ Rio gangsters torch at least 35 buses after Brazil crime boss killed
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

RIO DE JANEIRO, Oct 23 (Reuters) - Criminal groups set at least 35 buses on fire in the Brazilian city of Rio de Janeiro on Monday, according to the industry group that represents bus companies, after police killed a crime boss in an operation. The attacks on buses were concentrated in the west of the city, where rival criminal groups are fighting for territorial control. Industry group Rio Onibus said 20 of the vehicles were city buses, five were part of the city's rapid transit fleet and the remainder were chartered or tourism buses. An aerial views shows buses in fire in the middle of roads, in Rio de Janeiro, Brazil, October 23, 2023, in this screen grab obtained from a video. The attacks disrupted the city's bus rapid transit system, hindering the commute home for residents and workers in the region.

Persons: Rio Onibus, Claudio Castro, Castro, Rodrigo Viga Gaier, Peter Frontini, Josie Kao Organizations: RIO DE, Industry, Rio, GLOBO, REUTERS Acquire, Military Police, Thomson Locations: RIO DE JANEIRO, Brazilian, Rio de Janeiro, Brazil, de Janeiro, Rio

☆ Mubadala raises stake in Brazilian ethanol producer Atvos
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Oct 20 (Reuters) - Abu Dhabi state investor Mubadala Capital raised its stake in Brazilian ethanol producer Atvos, the latter said on Friday. Mubadala, through investment fund FIP MC Green, acquired the stake owned by Grupo Novonor, formerly known as Odebrecht, in the holding company that controls Atvos, representing about 6.85% of the firm's equity. Mubadala already had a direct stake of 31.5% in Atvos. In a statement, the sugarcane ethanol producer said it also aims to enter new markets, such as corn ethanol; biomethane from vinasse and sugarcane straw, in addition to producing sustainable aviation fuel. Reporting by Peter Frontini; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Atvos, Green, Mubadala, Peter Frontini, Leslie Adler Organizations: SAO PAULO, Mubadala, FIP, Grupo Novonor, Thomson Locations: Abu Dhabi, Atvos, vinasse

☆ Shein plans to ship Brazil-made products around Latin America from 2026
▼ + stars: | 2023-10-19 | by ( Andre Romani | ) www.reuters.com time to read: +2 min

The firm started manufacturing clothes in Brazil earlier this year, its first production center outside China. "The idea is that by 2026 Brazil will be ready to serve Latin America," Magalhaes told reporters on Wednesday at an event at Shein's Sao Paulo office. She did not specify which Latin American countries Shein could ship products to from Brazil. Brazil is one of its five main markets and the largest in Latin America, the company said. In addition to Brazil, the company started manufacturing in Turkey this year and plans to build a factory in Mexico.

Persons: Chen Lin, Fabiana Magalhaes, Magalhaes, Chris Xu, Shein, Andre Romani, Peter Frontini, Sonali Paul Organizations: REUTERS, SAO PAULO, Shein's Sao Paulo, Thomson Locations: Singapore, Brazil, Latin America, China, Nanjing, Turkey, Mexico

☆ Deforestation in Brazil's Amazon falls 57% in September
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Ueslei Marcelino/File Photo Acquire Licensing RightsCompanies Amazon Fund II LP FollowSAO PAULO, Oct 6 (Reuters) - Deforestation in Brazil's Amazon rainforest fell 56.8% in September compared to a year earlier, government data showed on Friday, while the region is struggling with a historic drought. In September, Brazil's Environment Minister Marina Silva announced at the United Nations Summit in New York more ambitious climate targets for the country. Deforestation and fires usually spike in the Amazon in August and September, when the weather turns drier. Fires in the region last month fell 36%, improving from the worst September in more than a decade in 2022. Last month, Switzerland and the United States donated $8.4 million to Brazil's Amazon Fund to help preserve the world's largest tropical rainforest.

Persons: Ueslei Marcelino, Luiz Inacio Lula da Silva's, Jair, Marina Silva, Peter Frontini, Diane Craft Organizations: REUTERS, Amazon Fund, SAO PAULO, Brazil's, United Nations Summit, Thomson Locations: Seca, Uruara, Para State, Brazil, New York, Switzerland, United States

☆ Mexico inflation continues slowdown in early September
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

A man sells corn grains at a public market in Ozumba de Alzate, State of Mexico, Mexico, May 24, 2022. Headline inflation in Latin America's second-largest economy hit 4.44% in the 12 months through early September, down from 4.64% at the end of August, data from statistics agency INEGI showed. If not, we're talking about the Bank of Mexico standing on just one foot," the president told a press conference. It warned that it would be necessary to maintain it for an "extended" period to meet its inflation target of 3%, plus or minus one percentage point. Mexico's economy grew 0.2% in July from June and expanded 3.2% from the same month a year before, the national statistics agency said earlier on Friday.

Persons: Edgard Garrido, Andres Manuel Lopez Obrador, Banxico, Lopez Obrador, Peter Frontini, Raul Cortes Fernandez, Brendan O'Boyle, Natalia Siniawski, Alistair Bell Organizations: REUTERS, Reuters, Bank of, Thomson Locations: Ozumba de Alzate, State, Mexico, Bank of Mexico

☆ Stellantis to invest $500 million in Rio plant
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsCompanies Stellantis NV FollowRIO DE JANEIRO, Sept 22 (Reuters) - Stellantis (STLAM.MI) will invest up to 2.5 billion reais ($508 million) in its plant in Rio de Janeiro state, its CEO for South America, Antonio Filosa, said on Friday. The announcement happened at an event at the Guanabara Palace, the Rio state government's headquarters, and the funds are part of an investment cycle that ends in 2025. Of the total, 330 million reais have been invested in developing a modified version of its CMP car platform for producing models from several of the group's brands, compatible with combustion, hybrid and electric engines. Stellantis, which owns brands such as Fiat, Peugeot and Jeep, has two other factories in Brazil and two more in South America.

Persons: Rebecca Cook, Antonio Filosa, Stellantis, Rodrigo Viga Gaier, Peter Frontini, Steven Grattan, Jason Neely, David Gregorio Our Organizations: REUTERS, RIO DE, South, CMP, Fiat, Peugeot, Jeep, Thomson Locations: Auburn Hills , Michigan, U.S, RIO DE JANEIRO, Rio de Janeiro, South America, Guanabara, Rio, Brazil

☆ Austria taps Embraer's C-390 aircraft to replace retiring C-130 fleet
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Johanna Geron/File Photo Acquire Licensing RightsVIENNA/SAO PAULO, Sept 20 (Reuters) - Austria plans to replace its retiring C-130 Hercules fleet with Embraer's (EMBR3.SA) C-390 Millenium military transport aircraft, the country's Defence Minister Klaudia Tanner said on Wednesday. Austria is aiming to buy about four aircrafts and is negotiating with the Netherlands on a potential joint order, Tanner told a news conference. Aside from an order for 19 C-390 aircrafts from the Brazilian Air Force, Portugal has ordered five and Hungary has requested two. Analysts at JPMorgan calculated that including the prospective orders from Austria and The Netherlands, the aircraft's potential lifetime sales stand at 35 units, 28 of which are still to be delivered. Shares in Embraer rose 2.85% in early trading on the Brazilian stock exchange, outperforming the Bovespa stock index (.BVSP), which rose 0.8%.

Persons: Klaudia Tanner, Johanna Geron, Tanner, JPMorgan, Francois Murphy, Peter Frontini, Andrew Heavens Organizations: Austria's Defence, Foreign Affairs, Defence, REUTERS, Rights, SAO PAULO, country's Defence, Embraer, Brazilian Air Force, KC, JPMorgan, Sao Paulo, Thomson Locations: Ukraine, Brussels, Belgium, Rights VIENNA, Austria, Netherlands, Portugal, Hungary, Czech Republic, South Korea, India, Sweden, The Netherlands, Vienna, Sao

☆ Brazil's Ebanx expands into India in Asian market debut
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Sept 18 (Reuters) - Brazilian financial technology company Ebanx is expanding its operations to India, marking its entry into the Asian market, the firm said on Monday. The move is part of the firm's global expansion strategy in developing countries and comes shortly after it announced its expansion to three nations in Africa last month, the first outside Latin America. Ebanx will enable global merchants to offer customers in India the most popular local payment methods, starting with the local payment system Unified Payments Interface (UPI) and cards, it said. "As the Indian market warmly embraces digital payments and digital commerce continues its rapid growth, we see great opportunities for businesses and meaningful partnerships being fostered," said Paula Bellizia, the firm's president of global payments. In Latin America, Ebanx processes payments for companies such as Airbnb, Spotify and Uber.

Persons: Paula Bellizia, Andre Romani, Peter Frontini, Tomasz Janowski Organizations: SAO PAULO, Uber, Thomson Locations: India, Africa, America

☆ Brazil Sees Amazon Rainforest International Security Hub Launch This Year
▼ + stars: | 2023-09-13 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Ricardo BritoBRASILIA (Reuters) - Brazil is preparing to launch a center for international police cooperation to combat environmental crimes and drug trafficking in the Amazon rainforest by the end of 2023, Federal Police officials told Reuters. The center, agreed upon at the summit of Amazon nations in August, will bring together police authorities from the eight countries of the Amazon Cooperation Treaty Organization (ACTO). Uniting the Amazon countries against criminal activity in the world's largest rainforest is key to President Luiz Inacio Lula da Silva's effort to restore Brazil's environmental credentials after four years of soaring deforestation under predecessor Jair Bolsonaro. "We expect to see a significant reduction in environmental crimes in the area and also action involving the entire Amazon region and not just a few isolated countries," Urquiza said. "There's no point in operating only in Brazil," he said, adding that criminals in the region move around the countries of the rainforest to evade authorities.

Persons: Ricardo Brito, Luiz Inacio Lula da, Jair Bolsonaro, Valdecy Urquiza, Urquiza, Humberto Freire, Ameripol, Freire, Peter Frontini, Timothy Gardner Organizations: Ricardo Brito BRASILIA, Reuters, Federal Police, Amazon Cooperation Treaty Organization, Federal Police's, Police, Interpol Locations: Brazil, Bolivia, Colombia, Ecuador, Guyana, Peru, Suriname, Venezuela

☆ Brazil's Bolsonaro to be hospitalized on Monday for two operations
▼ + stars: | 2023-09-11 | by ( Rodrigo Viga Gaier | ) www.reuters.com time to read: +1 min

Brazil's former President Jair Bolsonaro speaks during a Partido Liberal Mulher event at the Legislative Assembly of the state of Sao Paulo, in Sao Paulo, Brazil, May 6, 2023. Bolsonaro said he will undergo procedures to correct a hiatus hernia and a deviated septum. "The third one is for October or November," Bolsonaro told Reuters. The surgeries will take place at the Vila Nova Star hospital in Sao Paulo where Bolsonaro underwent preparatory examinations last month. On Saturday, Brazil's Supreme Court authorized a cooperation deal between one of his former aides and the country's Federal Police.

Persons: Jair Bolsonaro, Carla Carniel, Bolsonaro, Rodrigo Viga Gaier, Peter Frontini, Steven Grattan, David Holmes Organizations: Partido Liberal, Legislative, REUTERS, DE, Reuters, Vila Nova Star, Brazil's, country's Federal Police, Thomson Locations: Sao Paulo, Brazil, DE JANEIRO

☆ Deforestation in Brazil's Amazon falls 66% in August
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +3 min

In the first eight months of the year, INPE's figures showed, deforestation has fallen a cumulative 48% from the same period of 2022. Brazil last month hosted a major rainforest summit, where eight Amazon nations agreed to a list of unified environmental policies and measures to bolster regional cooperation but failed to agree on a common goal for ending deforestation. "We are experiencing a new moment, with more assertive policies and greater political will in favor of the Amazon," WWF-Brasil's director, Mariana Napolitano, said. But more is still needed, including traceability and transparency in the trade of livestock, gold and other commodities, she added. Reporting by Gabriel Araujo and Peter Frontini; editing by Jonathan Oatis and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Kelly, Marina Silva, INPE, Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Bolsonaro, Mariana Napolitano, Gabriel Araujo, Peter Frontini, Jonathan Oatis, Sandra Maler Organizations: REUTERS, Environment Ministry, Thomson Locations: Uruara, Para, Brazil

Search resuls for: "Peter Frontini"

25 mentions found