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Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk hasn't shied away from fights since he bought Twitter and renamed it X in 2022. However, the disagreement over moderation on X has blown up, leading to threats of arresting X employees and restrictions on other companies owned by Musk. X was then banned from Brazil on August 31 after failing to follow orders to name a legal representative for X. AdvertisementBrazil's Supreme Court fines X for resurfacing amid banBrazil fined X after some of its users were able to access the site on Wednesday, September 18, despite the ban issued in August, according to the BBC.
Persons: , Elon, it's, Alexandre de Moraes, De Moraes, Jair, Musk, de Moraes, X, ines, ince, ake l, ove Organizations: Service, Twitter, Brazilian Supreme, Business, Musk Locations: Australia, Nigeria, Turkey, India, Brazil, Here's, lon, usk
Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court on Thursday. The court said it would continue to impose “joint liability” on Starlink, the satellite internet service owned and operated by SpaceX, Musk’s aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn’t intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.
Persons: Elon Musk’s, Brazil’s, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, , , Cloudflare didn’t Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, Starlink, India, Turkey, Hungary
Read previewElon Musk's X says it accidentally restored temporary access to the social media platform in Brazil on Wednesday, just weeks after it was banned in the country. This story is available exclusively to Business Insider subscribers. This made "blocking the app much more complicated," the country's trade group for internet service providers added. In response, Musk closed X's Brazil offices and refused to comply with an order to name a legal representative in the country. X didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Elon Musk's, ABRINT, Basílio Rodriguez Pérez, Pérez, Musk, Alexandre de Moraes, X, Moraes, X didn't Organizations: Service, Global Government Affairs, Business, Brazilian Association of Internet, Telecommunications Providers, BBC, AFP, New York Times Locations: Brazil, Brazilian, Moraes
Elon Musk's X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country's supreme court on Thursday. The court said it would continue to impose "joint liability" on Starlink, the satellite internet service owned and operated by SpaceX, Musk's aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn't intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.
Persons: Elon Musk's, Brazil's, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, Cloudflare didn't Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, India, Turkey, Hungary
Some Brazilian users reconnected with X on Wednesday despite the Supreme Court's recent nationwide ban, the result of the social network apparently changing the way its servers are accessed. That rendered X effectively inaccessible in the country until Wednesday, with AP journalists among those who had access. It acts as a proxy between users and X's servers, filtering traffic and preventing the original Internet Protocol (IP) address from being recognized, Diogenes told The Associated Press. Former president Jair Bolsonaro celebrated the return of the social network. Some Brazilian X users trumpeted the platform's return — with several addressing de Moraes directly, vowing that they weren't using a VPN.
Persons: Alexandre de Moraes, X, Elon Musk, Pedro Diogenes, Diogenes, Anatel, de Moraes, Cloudflare didn't, Musk, hadn't, Jair Bolsonaro, Bolsonaro, Cloudflare, David Nemer, Nemer, Bluesky, De Moraes, Rafael Mafei, Mafei Organizations: Elon, CLM, Associated Press, AP, Nazi, University of Virginia, University of Sao, SpaceX Locations: Brazil, Charlottesville , Virginia, San Francisco , California, University of Sao Paulo
Kevin Dietsch | Getty ImagesA flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. Elsewhere, Brazil's central bank is scheduled to hold its next policy meeting across Tuesday and Wednesday. Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. The central bank delivered its first interest rate cut in more than four years at the start of August.
Persons: Jerome Powell, William McChesney Martin, Kevin Dietsch, John Bilton, CNBC's, Bilton, David Volpe, Volpe, 25bps, Wilson Ferrarezi, BOE, Ruben Segura Cayuela Organizations: Federal Reserves, Washington , D.C, Federal, Traders, The Bank of England, Norway's Norges Bank, South Africa's, Bank, Bank of Japan, Morgan Asset Management, European, Bank of England, ECB, Emerald Asset Management, Banco Central, TS Lombard, Central Bank of, Bloomberg, Getty, Reuters, Bank of America Locations: Washington ,, U.S, Brazil's, Brazil, Central Bank of Brazil, Brasilia, South Africa, Norway, Japan
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Still, the seizure indicates that Musk will face significant financial costs to sustain battles over his stated goal of protecting free speech online. Like the US, Brazil has enshrined speech protections in its constitution, but the Brazilian government has wider discretion to ban certain kinds of speech than the US government. The battle between Musk and de Moraes has escalated for months, leading to the seizure of funds from X and SpaceX. It didn't even have a chance to defend itself," The Associated Press reported Brazilian jurist Lênio Streck said on social media.
Persons: , Elon Musk, Starlink, Alexandre de Moraes, De Moraes, de Moraes, Jair Bolsonaro, Musk, Lord Voldemort, Harry Potter, Rachel Nova Conceicao, Lênio Streck Organizations: Service, Brazil's, X, Brazilian, Business, SpaceX, Musk, Associated Press Locations: Brazilian, Turkey, India, Brazil
Brazilian stocks have been on a tear, but stubborn inflation could grind the recent rally to a stop. It's a work in progress, and most likely will require further rate hikes by the central bank." BCA Research's Arthur Budaghyan agreed that the Brazilian central bank is unlikely to hike rates for very long. Against this backdrop, Budaghyan advises clients steer clear of Brazilian stocks in the near term. U.S. investors who want exposure to the Brazilian stock market can obtain it through the iShares MSCI Brazil ETF (EWZ) .
Persons: Bovespa, Fernando Haddad, Goldman Sachs, Alberto Ramos, Ramos, Arthur Budaghyan, Budaghyan Organizations: U.S . Federal, CNBC, U.S, Fed, BCA, Banco, MRB Partners Locations: Lower U.S, overcompensate, America, Banco Central, Brazil, U.S
Brazil's supreme court announced Friday that it ordered banks to transfer funds from Starlink and X accounts to pay fines the court levied against Elon Musk's social network. Following the transfers, the court ordered that the frozen bank accounts and assets of X and Starlink be released, saying there was no longer any need to keep them. The court suspended X at the end of August, and the suspension remains in place. On Sept. 5, his long-time collaborator at the helm of SpaceX, COO Gwynne Shotwell, also took shots at the Brazil supreme court online. Backers of de Moraes and the STF have seen the orders against X Corp. as an assertion of Brazilian sovereignty.
Persons: Elon Musk, Brazil's, Alexandre de Moraes, X, Musk, Starlink, de Moraes, UOL, Jair Bolsonaro, Bolsonaro, Brazil's Jan, Gwynne Shotwell, Alexandre Organizations: Tesla Inc, Elon, SpaceX, X Corp, Twitter Locations: Washington , DC, Starlink, Brazil
Read previewLeo Kryss sold Jeff Bezos a $79 million Miami mansion. Kryss, the cofounder of Brazilian toy company Tectoy, had listed his seven-bedroom mansion on Indian Creek Island, Miami, for $85 million in May 2023, Business Insider previously reported. After Kryss sold his mansion for $79 million — $6 million below its list price — he learned that the buyer was, in fact, connected to Bezos. Kryss is suing Douglas Elliman, which received a commission of over $3 million for handling the property sale. Bezos owns three properties on the island, with the latest purchased in April for $90 million.
Persons: , Leo Kryss, Jeff Bezos, Kryss, Bezos, Jay Parker, Douglas Elliman, Douglas Elliman's Parker, Benny Klepach, Celine, Celine Klepach, Danny Hertzberg, Tom Brady, Jared Kushner Organizations: Service, Wall, Business, Wall Street Journal, Miami, Elliman, Coldwell Banker, Zillow, BI Locations: Miami, Florida, Dade County, Indian, Biscayne
Hours before the ban went into effect, numerous X users expressed how crucial the Brazilian community is to stan Twitter. Several Brazilian stan accounts shared their final posts with the tag #MeuUltimoTweet, or #MyLastTweet, and many have not posted since. The reaction from the international stan community to the Brazilian X ban underscores the contributions Brazilian fans have made to the evolution of online fandom. Brazilian fans have created popular memes, influenced how fans communicate with each other and introduced new terminology, Amado said. “Being a big stan account or an update account feels like it’s very invisible work,” Rodrigues said.
Persons: , , ” Aianne Amado, University of São Paulo, ” Alexandre de Moraes, X, de Moraes ’, Elon Musk, de Moraes, Alexandre Files ”, Ariana, Elon, André Rodrigues, Brazilian Ariana Grande, Amado, Rodrigues, ” Rodrigues, Maria Eduarda, Olivia Rodrigo Brasil, ” Eduarda, it’s, ” Amado, Taylor Swift Organizations: Twitter, University of São, Federal University of Sergipe, Brazilian, NBC News, Musk, Universal Music, Universal Music Group Locations: Brazil, Ariana Grande, Brazilian, Rio de Janeiro
Musk's commitment to the issue of free speech, however, is otherwise spotty, if not outright hypocritical. The battle in BrazilIn Brazil, the battle got real for Musk. Starlink backed down, eventually complying with legal demands to block X in Brazil, but Musk hasn't given up. AdvertisementMusk argues in memesFor now, Musk seems to be defending free speech (and X's presence in Brazil) by publicly attacking de Moraes. "But if Elon Musk doesn't act differently, I think X or Twitter will be blocked in Brazil for a long time."
Persons: , Elon Musk, Alexandre de Moraes, Narendra Modi, Moraes, Jair, Brazil's, Musk, de Moraes, Veridiana, Casey Newton, Donald Trump, Alex Jones, Pavel Durov, Durov, El Pais, X, Starlink, cosplaying, Luiz Inácio Lula da Silva, Lord Voldemort, Harry Potter, Mariana Valente Organizations: Service, Brazilian Supreme, Business, Electronic Frontier Foundation, Bloomberg, Twitter, Brazilian, SpaceX, Bolsonaro, Elon Locations: Brazil, Turkey, India
Brazil's X users, left casting about for a new platform, mostly started washing up on Threads and Bluesky. Everyone hadn't been on X; Brazil's social masses are primarily on TikTok, Instagram and Facebook . So as X went dark in this highly online country of 213 million, its users started migrating. Meta declined to provide specifics on Brazilian users. Bluesky gained 2.6 million users since last week, 85% from Brazil, the company said Wednesday, boosting its total to over 8 million.
Persons: Elon Musk, Jair Bolsonaro, Mauro Pimentel, Elon Musk's, X, Alexandre de Moraes, Shauna Wright, de Moraes, hadn't, Meta's Instagram, Wright, didn't, Mark Zuckerberg, Jack Dorsey, Cris Faga, Luiz Inácio Lula da Silva, Tatiane Queiroz, Bluesky, Jefferson Nascimento, Nascimento, Egerton Neto, , Jay Graber, Ton Molina Organizations: AFP, Getty, Brazilian, Facebook, Twitter, Associated Press, Meta, Federal Supreme Court, Elon, Nurphoto Locations: Copacabana, Rio de Janeiro, Brazil, San Francisco, Bluesky, Brazilian, Mato Grosso, Sao Paulo, Recife
A panel of Brazil's federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk's social network X nationwide. X had earlier defied court requests to take down accounts or posts that it said violated Brazil's laws on political misinformation and hate speech online. The court also froze the financial assets of another Musk-led business, satellite internet service Starlink, in Brazil to ensure his social network would pay its fines. Brazil's telecoms regulator Anatel instructed internet service providers including Starlink to block access to X in the country until it complies with the court orders. However, some social media users in Brazil are moving to other social networks.
Persons: Luiz Fux, Alexandre de Moraes, X, Starlink, de Moraes, Musk, Moraes Organizations: Elon, Anatel, Labor, SpaceX, Associated Press Locations: Brazil, NATO, U.S, Australia, Turkey, India
Brazil's supreme court on Friday ordered a nationwide suspension of Elon Musk's social network X after the company vowed to defy earlier court orders concerning content moderation and the appointment of a legal representative in the country. Hours later, the court issued a second order suspending some of the measures in its first 51-page order against X. A suspension of X in Brazil could cause business problems for Musk's already embattled company. Musk has repeatedly denounced de Moraes' court orders as censorship. In its Thursday statement, X said de Moraes court had taken "illegal actions" against the company.
Persons: Elon, Alexandre de Moraes, de Moraes, Moraes, Musk, Starlink, De Moraes, X, Voldemort Organizations: Globo, Apple, Google, Twitter, World Bank, CBS, Starlink, Musk's SpaceX, U.S, Brazil weren't Locations: Brazil, NATO, U.S
CNN —Elon Musk has stepped up online attacks on a Supreme Court judge threatening to suspend social media platform X in Brazil, calling him “an evil dictator” in an ongoing feud between the two men. Justice Alexandre de Moraes had threatened to suspend X if Musk did not appoint a new legal representative of the company in Brazil and settle any outstanding daily fines within 24 hours. X announced earlier this month that it would close its operations and fire its staff in Brazil due to what it called “censorship orders” from the judge. The statement from the Supreme Court was posted at around 8.30 p.m. local time on Wednesday, giving Musk until Thursday evening local time to respond. The responsibility lies solely with Alexandre de Moraes.”Later that day, Musk reiterated the official X statement, saying his company had “no choice” but to close Brazilian operations.
Persons: CNN — Elon Musk, , Alexandre de Moraes, “ Alexandre de Moraes, cosplaying, Moraes, Darth Vader, de Moraes, De Moraes, , de Moraes ’, Musk, ’ Alexandre, X Organizations: CNN, X’s Global Government Affairs, Associated Press, Locations: Brazil
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewX's office in Brazil is set to close "immediately" amid an escalation in Elon Musk's public feud with Brazilian Supreme Court judge Alexandre de Moraes. "Last night, Alexandre de Moraes threatened our legal representative in Brazil with arrest if we do not comply with his censorship orders," the X Global Government Affairs office announced in a post on the platform. The social media platform remains available for residents of Brazil to access, the company's post noted. X initially agreed to block the accounts per Brazil's legal orders, complying with content moderation requests similar to those made by Turkey, which the platform has previously agreed to honor.
Persons: , Alexandre de Moraes, Rachel Nova Conceicao, Moraes, De Moraes, Jair Bolsonaro, de Moraes, Brazil's, Jair Bolsonaro's, X, Musk Organizations: Service, Brazilian, X Global Government Affairs, Business, The National High Court, Reuters, Global Government Affairs Locations: Brazil, Elon, Turkey, andover
Three officials from different countries said the measured response comes as they are mindful of what happened after Maduro’s 2018 reelection. Then, the vote was quickly condemned as a sham and led to the most severe sanctions yet on the OPEC nation. In Washington, which under Republican President Donald Trump blocked Venezuela’s critical oil exports, there seems little appetite for more severe sanctions. The European Union last week said there was not enough evidence to support Maduro’s victory as announced by the CNE. Countries including China, Russia, Nicaragua and Cuba have recognized Maduro’s victory and offered him support.
Persons: Nicolás Maduro, Edmundo González, Jose Manuel Albares, Maduro’s, Donald Trump, Biden, Maria Corina Machado, Gonzalez, , Vedant Patel, Maduro, Elvis Amoroso, Kamala Harris, , , Machado Organizations: Electoral Council, Maduro, United Nations, EU, Republican, Democratic U.S, Venezuela’s, U.S ., . State Department, . Washington, U.S, U.S . Treasury Department, State Department, Reuters, American States, Electoral, International, European Union, CNE, NBC Locations: U.S, Brazil, Venezuela, Spanish, Spain, OPEC, Maduro, Washington, ., reneging, Elvis Amoroso ., Mexico, Colombia, Canada, Panama, China, Russia, Nicaragua, Cuba
At this year’s Olympic games, Latino fans cheered on athletes from their home countries as well as those representing Team USA. As the Paris Games come to an end, thirteen Latinos are returning home with gold medals. Beatriz Sousa brought Brazil, Latin America's gold medal leader, its first Paris gold medal in the 78kg+ judo final. Latino medal countdown, by country:Brazil took home the most medals of any Latin American country at the Olympic Games, including three gold medals. Latino athletes on Team USA were part of team events that earned the U.S. two gold medals and one silver medal at the Games.
Persons: Rebeca Andrade, Simone Biles, Andrade, Beatriz Sousa, Marileidy Paulino, Diana Taurasi, Sue Bird, Mijain López Núñez, López Núñez, Adriana Ruano, Cuba’s Erislandy Alvarez, Brazil’s Ana Patrícia, Duda Lisboa, Francisca Crovetto Chadid, Chile’s, Paris Games —, Jose Torres Gil, , ” Torres Gil, Brian Pintado, Hezly Rivera, Rivera, Ángel, Shinnosuke Oka, Oka, Daniella Ramirez, Anita Alvarez, Sebastian Rivera Organizations: Team USA, Paris Games, Paris, USA’s, Olympic, Cuba, Canada, American, Argentina, Associated Press, Ecuador —, Dominican, U.S, Games, Paris Olympics, Ángel Barajas, Barajas, USA, Olympics, Puerto Rico, Rutgers, NBC Locations: Brazil, Dominican Republic, Guatemala, Paris, Argentina, Chile, Colombia, Cuba, Ecuador, Mexico, Peru, Puerto Rico, Venezuelan American, New Jersey, Puerto
SAO PAULO — Families of victims of an airliner crash in Brazil are gathering Sunday at a morgue and hotels in Sao Paulo as forensics experts work to identify the remains of the 62 people killed in the accident. Brazilian media said another four people were identified at the Sao Paulo morgue, which did not confirm the information. Metsul, one of Brazil’s most respected meteorological companies, said Friday there were reports of severe icing in Sao Paulo state around the time of the crash. Sao Paulo state government said 26 families have already attended the morgue for identification efforts, with more expected on Sunday. The ATR 72, which is built by a joint venture of Airbus in France and Italy’s Leonardo SpA.
Persons: Danilo Santos Romano, Humberto de Campos, e Silva, Voepass, Ratinho Júnior, Liz Ibba dos Santos, Luna, Tânia Azevedo, Tiago, , , Lito Sousa, ” Sousa, Marcelo Moura, Italy’s Leonardo Organizations: SAO PAULO —, Sao, Guarulhos, Airlines, ” Police, American Eagle, U.S . National Transportation Safety Board, U.S . Federal Aviation Administration, Associated Press, Airbus, Aviation Safety Network Locations: Brazil, Sao Paulo, Paulo, Vinhedo, Portuguese, Paraná, Venezuelan, Nepal, Guarulhos, Cascavel, Brasilia, France
U.S. gymnast Jordan Chiles might lose her bronze medal. She had placed fifth before the inquiry, behind both Romanians, but received a tenth back on her final score, boosting her onto the podium. In one, the team asked that the 0.1 point penalty for stepping out of bounds on Maneca-Voinea's final score be returned because it was "given without basis." It also requested that Chiles, Maneca-Voinea and Bărbosu all be placed in third and earn bronze medals. If she had not received the deduction, Maneca-Voinea would have scored higher than Bărbosu and Chiles, even after Chiles' score was increased on appeal.
Persons: Jordan Chiles, Chiles, , Chiles —, it’s, , Sabrina Maneca, Ana Bărbosu, Rebeca Andrade, Simone Biles, , Jordan, she's, Nadia Comăneci, Voinea, Comăneci, Marcel Ciolacu, ” Ciolacu Organizations: Sport, International Gymnastics Federation, USA, U.S, Olympic, Paralympic Committee, Tokyo Games, NBC, Paris, Facebook, Romanian Olympic, Sports Committee Locations: Romanian, U.S, Brazil, Maneca, Romania
We've combed through all the watch options to identify everything you need to know about how to watch USA vs. Brazil, including what time the game kicks off and free streaming options. How to watch USA vs. Brazil in the USThe Olympic women's soccer final will be available on Peacock and NBC in the US. In addition to the USA vs. Brazil game, you can catch the rest of the Olympics here, including tomorrow's Closing Ceremony. Check price at FuboHow to watch USA vs. Brazil in the UKThe women's football final will live stream on Eurosport through Discovey+ in the UK. How to watch USA vs. Brazil in AustraliaThe USA vs. Brazil match will live stream for free on 9Now in Australia.
Persons: Mallory Swanson, Gabi Portilho, Peacock, Stan Sport, VPNs, ExpressVPN, we've Organizations: Business, Paris, USA, United, United States Women's National, Tokyo Olympics, Spain, NBC, Eurosport, Discovey Locations: United States, Brazil, Germany, Australia, Australian
CAS said it’s now up to the International Gymnastics Federation to determine how medals should be reassigned given the ruling. GO DEEPER How a score inquiry led to gymnast Jordan Chiles' Olympic bronzeThe appeal by the Romanian federation requested all three athletes be placed in third and allocated medals, the court said in its release. After Chiles finished her routine, Bărbosu beamed and held the Romanian flag to celebrate winning bronze, unaware that Chiles’ coach had submitted an inquiry. Upon seeing the changed score, Chiles began screaming in celebration. Before Chiles’ inquiry, Bărbosu and Maneca-Voinea were tied for third with identical scores of 13.700.
Persons: Jordan Chiles ’, Rebeca Andrade, Simone Biles, Chiles, it’s, Ana Maria Bărbosu, Sabrina Maneca, ” Chiles, Jordan Chiles, Jade Carey, Bărbosu, Jordan, Voinea, Gabriel Bouys Organizations: International Gymnastics Federation, Sport, FIG, Romanian Gymnastics Federation, Paris Games, USA, U.S, Olympic, Paralympic Committee, Getty Locations: Brazil, Romanian, , AFP
We are drawn to stories of individuals who not only embody the pursuit of excellence, but also have humility. Perhaps the most iconic image from these Games occurred after one of the few gymnastics events she didn’t completely dominate, the individual floor competition. In the stands, supporting and helping to coach him, was Renaud Lavillenie, the Frenchman whose world record Duplantis first broke in 2020. Then there was the American sprinter Noah Lyles, who earned the title of world’s fastest man by winning gold in the 100-meter dash. Shortly after, he wrote in a social media message to fans: “I have asthma, allergies, dyslexia, A.D.D., anxiety, and depression.
Persons: Simone Biles, didn’t, Biles, Jordan Chiles, Rebeca Andrade, Mondo Duplantis, Emmanouil, Sam Kendricks, Renaud Lavillenie, Frenchman, Noah Lyles, Organizations: Paris Locations: Brazil, Sweden, Greece, American
Here Are the Olympic Moments We Won’t Forget
  + stars: | 2024-08-09 | by ( The New York Times | ) www.nytimes.com   time to read: 1 min
Jordan Chiles and Simone Biles came up with the plan. They had both wanted to be on the top step of the medal stand after the final event of the women’s gymnastics competition, the floor exercise. But Biles, the favorite, had made a few mistakes, and Chiles had made a few more, so they instead became bookends to the true headliner: Rebeca Andrade of Brazil. After Chiles accepted her bronze medal and Biles her silver, Andrade was introduced as the Olympic champion. As she approached the podium — completing the first all-Black podium in Olympic gymnastics history — Biles and Chiles turned to Andrade, dropped to one knee and bowed.
Persons: Jordan Chiles, Simone Biles, Chiles, Rebeca Andrade, Andrade, — Biles, — JULIET MACUR Locations: Brazil
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