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☆ Protesters oppose Petrobras oil exploration plan at mouth of Amazon river
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +2 min

The logo of Brazil's state-run Petrobras oil company is seen on a tank in at Petrobras Paulinia refinery in Paulinia, Brazil July 1, 2017. REUTERS/Paulo Whitaker/File PhotoBELEM, Brazil, Aug 6 (Reuters) - Environmental demonstrators protested on Sunday against plans by Brazilian state-run oil company Petrobras (PETR4.SA) to drill for oil at the mouth of the Amazon river. Petrobras has appealed against a decision by Brazil's environmental protection agency, Ibama, to deny it permission to drill an exploratory well at the mouth of the Amazon, saying the request lacked an environmental assessment of the project. It reaches a technical opinion that must be obeyed," said the minister, who has opposed the plan to drill at the mouth of the Amazon. Lula said Guyana's president would like Petrobras to explore for oil off-shore from his country.

Persons: Paulo Whitaker, Luis Barbosa, Marina Silva, Ibama, Silva, Luiz Inacio Lula da Silva, Lula, Leonardo Benassatto, Leslie Adler Organizations: Petrobras Paulinia, REUTERS, Environmental, Petrobras, PETR4, Amazon, Thomson Locations: Paulinia, Brazil, BELEM, Amazon, Suriname, Guyana, Amapá

☆ Women's World Cup roundup: South Africa, Jamaica advance to Round of 16
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +3 min

Several attempts to take the lead were averted by South Africa (1-1-1). South Africa goalie Kaylin Swart made multiple critical saves down the stretch, including a long-distance try from Italy defender Elena Linari. --Jamaica 0, Brazil 0Jamaica earned a draw in Melbourne to advance to the Round of 16 at the Women's World Cup and send Brazil home from the group stage for the first time since 1995. Jamaica goalkeeper Rebecca Spencer continued her stellar play by keeping Brazil off the board, ending the spectacular World Cup career of Brazilian star Marta, who has a record 17 career World Cup goals. Playing in the Women's World Cup for only the second time, Jamaica needed a GoFundMe campaign to pay for the team to make it to the event.

Persons: Amanda Perobelli, Thembi Kgatlana, Hildah Magaia, Arianna Caruso's, Magaia, Kaylin Swart, Elena Linari, Rebecca Spencer, Marta, Elin Rubensson, Rebecka Blomqvist, Marta Cox, Lea Le Garrec, Kadidiatou Diani, Panama wouldn't, Wendie Renard, Eugenie Le Sommer Organizations: Soccer Football, FIFA, Wellington Regional, South, Jamaica, Copa America, Panama, Thomson Locations: New Zealand, South Africa, Italy, Wellington , New Zealand, Jamaica, Brazil, Melbourne, France, Sweden, Argentina, United States, Hamilton , New Zealand, Tokyo, Panama, Sydney . France

☆ Brazil police violence reignites after deadly Rio, Sao Paulo raids
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +3 min

RIO DE JANEIRO, Aug 2 (Reuters) - Police in Rio de Janeiro killed at least nine people in a raid on Wednesday, in the latest example of deadly violence by Brazil's security officials after 16 people died at the hands of Sao Paulo state police earlier this week. Police in Rio said they were attacked by armed assailants during Wednesday's operation in the Penha neighborhood. Lopsided death tolls have become a common occurrence in Rio raids, leading critics to allege excessive force or even summary executions by the police. REUTERS/Pilar OlivaresSao Paulo, Brazil's wealthiest and most populous state, has been less blighted by police violence than neighboring Rio. Among those killed in the Rio operation were "Fiel" and "Du Leme," two alleged gang leaders in the impoverished Juramento and Chatuba neighborhoods, police said.

Persons: Jair Bolsonaro, Bolsonaro, Luiz Inacio Lula da Silva, Pilar Olivares Sao, Santos, Tarcisio de Freitas, Freitas, Du Leme, Marco Andrade, Rodrigo Viga Gaier, Eduardo Simoes, Steven Grattan, Gabriel Stargardter, Jonathan Oatis, Richard Chang, Alistair Bell Organizations: RIO DE, Police, REUTERS, Paulo, Thomson Locations: RIO DE JANEIRO, Rio de Janeiro, Sao Paulo, Brazil, Rio, Penha, Guaruja

☆ Jamaica knock out Brazil, reach last 16 of World Cup
▼ + stars: | 2023-08-02 | by ( Ian Ransom | ) www.reuters.com time to read: +2 min

MELBOURNE, Aug 2 (Reuters) - A courageous Jamaica held Brazil to a 0-0 draw on Wednesday to reach the knockout phase for the first time in only their second Women's World Cup while condemning the South Americans to their earliest exit since 1995. Jamaica rode their luck to halftime and Brazil's desperation grew after the break as their attacks came to nothing. In search of a goal, the Brazilians exposed themselves to the counter-attack and Khadija Shaw all but made them pay. Brazil had one last chance in a final-minute goal-mouth scramble but Debinha headed straight to the keeper, allowing the Jamaicans to celebrate arguably their finest moment in international football. Reporting by Ian Ransom in Melbourne; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Bob Marley, Pia Sundhage, Marta, Borges, Luana, Becky Spencer, Allyson Swaby, Spencer, Khadija Shaw, Ian Ransom, Christian Radnedge Organizations: MELBOURNE, South, Panama, Thomson Locations: Jamaica, Brazil, Melbourne, France

☆ Brazil great Marta not ready to go home from sixth Women's World Cup
▼ + stars: | 2023-08-01 | by ( Ian Ransom | ) www.reuters.com time to read: +2 min

Synonymous with Brazilian women's soccer for two decades, "Queen Marta" no longer dominates her team on field quite as before. Her influence in the changing room remains strong, though, with team mates determined to give her a proper international send-off in her last World Cup. The all-time highest Women's World Cup scorer with 17 goals, Marta also shares the record of scoring at five editions of the tournament with Christine Sinclair. With 40-year-old Sinclair bowing out on Monday following Canada's elimination by Australia, Marta can become the first player, man or woman, to score at six World Cups. "Twenty years ago, nobody knew who Marta was at my first World Cup.

Persons: Brazil's Marta, Dan Peled MELBOURNE, Marta, Tomorrow's, Pia Sundhage, Christine Sinclair, Sinclair, Ian Ransom, Ed Osmond Organizations: Soccer Football, FIFA, Brisbane Football, REUTERS, Jamaica, Melbourne, France, Australia, Thomson Locations: New Zealand, France, Brazil, Brisbane, Australia, Jamaica, Swedish, Panama, Brazilian, Melbourne

☆ Four Nigerians, rescued in Brazil, survived 14 days on a ship's rudder
▼ + stars: | 2023-08-01 | by ( Steven Grattan | ) www.reuters.com time to read: +3 min

They survived another four days, according to their account, by drinking the sea water crashing just meters below them, before being rescued by Brazilian federal police in the southeastern port of Vitoria. "It was a terrible experience for me," said 38-year-old Thankgod Opemipo Matthew Yeye, one of the four Nigerians, in an interview at a Sao Paulo church shelter. Both men said economic hardship, political instability and crime had left them with little option but to abandon their native Nigeria. He had never met his new shipmates and feared they could toss him into the sea at any moment. Father Paolo Parise, a priest at the Sao Paulo shelter, said he had come across other cases of stowaways, but never one so dangerous.

Persons: Matthew Yeye, Friday, Ken, Father Paolo Parise, Steven Grattan, Gabriel Stargardter, Rosalba O'Brien Organizations: SAO PAULO, Liberian, Sao, Thomson Locations: Vitoria, Sao Paulo, Europe, Brazil, Nigeria, Africa's, Lagos

☆ Marta: How Brazil’s all-time record goalscorer became the greatest of all time and an ‘icon’ in her country
▼ + stars: | 2023-08-01 | by ( Matias Grez | ) edition.cnn.com time to read: +11 min

10, it the greatest women's player of all time and has become an 'icon' Brazil. Marta has won the FIFA Women's World Player of the Year award an unprecedented six times. The only achievement missing from a glittering CV is a major title with her beloved national team. Australia and New Zealand 2023 is her sixth and final Women's World Cup. If it weren’t for Marta, women’s football in Brazil would probably still be a very incipient thing.

Persons: CNN —, ” Sissi, “, Sissi, Vasco da Gama, Marta Viera da Silva, ”, Marta, chuckles, Stuart Franklin, wasn’t, Marta ’, John Walton, ’, that’s, ” Marta, Feng Li, Brazil’s, Ronaldo, Ronaldinho, Rivaldo, Cafu, Roberto Carlos, Dida, Tina Ellerston, Ellerston, –, Juca Kfouri, Ronaldo O Fenômeno, Ronaldinho Gaúcho, ” Kfouri, Doug Pensinger, Pelé, Marta “ Pelé, Raphael Alves, she’s, Neymar, ‘ Marta ’, King, Marta –, Paul Currie, Kfouri, “ Marta Organizations: CNN, Brazil, Rio, Vasco, CNN Sport, FIFA, Nigeria, women’s, Champions League, Copa Libertadores, Germany, United, United States Women’s National, AFP, Getty, Brazil ” Locations: Rio de Janeiro, Brazil, United States, men’s, Germany, USA, nestling, Australia, New Zealand, Alagoas, Marta’s, Brazilian

☆ Saudi Arabia's Ma'aden to acquire 10% of Brazil base metals firm - statement
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: +1 min

DUBAI, July 30 (Reuters) - Saudi Arabian Mining Company (1211.SE), known as Ma'aden, has agreed to acquire a 10% stake in Brazil's base metals company Vale, it said in a bourse statement on Sunday, as part of a strategy to invest in global mining assets. Ma'aden, through Manara, its joint venture established with the Public Investment Fund, on Thursday signed a binding agreement to acquire the 10% stake in Vale Base Metals, based on an enterprise value of $26 billion. "Manara’s investment into Vale will play a key role in helping it expand the production of copper and nickel across its asset portfolio, which are critical to the development of new technologies that will benefit the global energy transition," the company statement said. The transaction, which will be financed by Ma'aden's own resources, is subject to regulatory approvals and expected to be completed in the first quarter of 2024. Reporting by Rachna Uppal; Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Rachna Uppal, Angus MacSwan Organizations: Saudi Arabian Mining Company, Public Investment Fund, Vale Base Metals, Vale, Thomson Locations: DUBAI, Saudi, Manara

☆ They were slaughtered for their blubber, and nearly wiped out in Brazil. Decades later, humpback whales are making a comeback.
▼ + stars: | 2023-07-29 | by ( Marta Biino | ) www.businessinsider.com time to read: +2 min

In the 1980s, thousands of humpback whales were slaughtered in Brazil for their blubber. A few decades ago, a population of only 300 to 500 humpback whales survived in the country, scientist Jose Truda Palazzo, who works at the Humpback Whale Institute in the state of Bahia, told the news agency. Humpback whales have grown to about 30,000 in Brazil after being decimated in the 80s. REUTERS/Leonardo BenassattoThe population growth in humpback whales should be taken as a good sign for marine conservation not only in Brazil, but worldwide, Palazzo said. The effort to track the whale population is supported by "citizen scientists," non-professionals with a passion for science who support the work of the scientific community.

Persons: repopulating, Jose Truda Palazzo, Leonardo Benassatto, Palazzo, Julio Cardoso Organizations: Reuters, Service, Whale Institute, REUTERS Locations: Brazil, Wall, Silicon, Bahia, East

Santos, 16, is a violinist in an orchestra made up of young musicians from the sprawling Mare "favela", home to more than 140,000 people, where violent police raids and clashes between drug gangs are commonplace. Created in 2010, the "Mare do Amanha" orchestra is the brainchild of Carlos Prazeres and his father, Armando, a musical conductor who was kidnapped and killed in 1999. Instead of turning his grief into hatred, Prazeres decided to use music to get children off the streets and away from drug dealing. Sousa was part of the orchestra group that met Francis in the Vatican in 2017, an experience she will never forget. Reporting by Catarina Demony, Miguel Pereira and Pedro Nunes; Editing by Andrei Khalip and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Pedro de Alcantara, Read, Caué Santos, Pope Francis, Santos, Francis, Carlos Prazeres, Armando, Prazeres, Amanha, Ana Beatriz Sousa, Sousa, Catarina Demony, Miguel Pereira, Pedro Nunes, Andrei Khalip, Jonathan Oatis Organizations: Mare, Thomson Locations: Pedro, Lisbon, Portugal, LISBON, Rio de Janeiro, Mare ., Brazil

☆ Even a Russian-cofounded bank can't fund new projects in the country — and it shows just how financially isolated the country is
▼ + stars: | 2023-07-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

"Any speculations concerning the discussion of new operations of the NDB in Russia are unfounded," the development bank said in a Wednesday statement. The Shanghai-headquartered NDB was founded in 2015 by the "BRICS" nations — that's Brazil, Russia, India, China, and South Africa. She said the bank is not considering new projects in Russia as it operates in compliance with international financial and capital restrictions. On Wednesday, she also met with Russian President Vladimir Putin, the Kremlin said in a statement. Mere days after it invaded Ukraine, some Russian banks were banned from SWIFT, the Belgium-based messaging service that lets banks globally communicate about cross-border transactions.

Persons: —, Dilma Rousseff, Rousseff, Vladimir Putin, Putin Organizations: New Development Bank, Twitter, Kremlin, SWIFT Locations: Russia, Shanghai, Brazil, India, China, South Africa, Russian, St, Petersburg, Ukraine, Belgium

Reuters reports the fast fashion retailer is targeting a U.S. IPO in the second half of 2023. Shein notched its highest profit ever during the first half of this year, the company told investors in a letter, as rumors swirl over whether the fast-fashion juggernaut will file for a U.S. public offering. "We recorded the highest first half net profit in the company's history, compared to a near break-even during the same period in 2022," Tang wrote in the letter. In the letter, Tang delved into Shein's marketplace strategy and its recent launch in Brazil and the U.S. "This now makes up over one-third of Brazilian total [gross merchandise value]," Tang noted.

Persons: Shein, Donald Tang, Tang, Gen, Tang didn't Organizations: Reuters, U.S, CNBC, Wall Street Locations: Tokyo, U.S, Brazil, Mexico, Germany, Spain, France, Italy

[1/3] A general view after a series of explosions at grain silos owned by agro-industrial cooperative C. Vale, in the city of Palotina, Parana State, Brazil, July 27, 2023. Brazil's Parana Firefighters/Handout via REUTERSSAO PAULO, July 27 (Reuters) - At least eight people have died, one was missing and nearly a dozen others wounded after a grain silo explosion on Wednesday at an agricultural co-operative in southern Brazil, the government of Parana state said on Thursday. The blast occurred at the C.Vale co-operative in the small town of Palotina, about 600 km (370 miles) from the state's capital Curitiba. Experts say grain dust particles are highly combustible and can cause fires or explosions in confined spaces such as grain storage facilities. Fire Department Official Manoel Vasco said dogs were helping in the search of the missing worker potentially trapped under a pile of grains.

Persons: C.Vale, Jose Ricken, Ricken, Manoel Vasco, Carlos Favaro, Luiz Inacio Lula da Silva, Darci Piana, Leonardo Benassatto, Ana Mano, Gabriel Araujo, Christina Fincher, Bernadette Baum, Alison Williams Organizations: Vale, Brazil's, Brazil's Parana Firefighters, REUTERS SAO PAULO, Fire, Agriculture, Thomson Locations: Palotina, Parana State, Brazil, Brazil's Parana, Parana, Curitiba . Parana, Paraguay

☆ BRICS bank NDB says not considering new projects in Russia
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, July 26 (Reuters) - The New Development Bank (NDB), the multilateral bank set up by the BRICS states, is not considering new projects in Russia as it operates in line with restrictions imposed in financial and capital markets, its head said on Wednesday. Dilma Rousseff said in a statement posted on messaging platform X, formerly known as Twitter, that any speculations concerning the discussion of new operations of the bank in Russia were "unfounded". BRICS countries, namely Brazil, Russia, India, China and South Africa, are scheduled to gather in the African country next month. The BRICS group of emerging countries launched the Shanghai-headquartered bank in 2015. Rousseff was appointed to head it earlier this year by Brazilian President Luiz Inacio Lula da Silva.

Persons: Dilma Rousseff, Rousseff, Vladimir Putin, Putin, Cyril Ramaphosa, Luiz Inacio Lula da Silva, Gabriel Araujo, Steven Grattan Organizations: SAO PAULO, New Development Bank, South, United Arab, Thomson Locations: Russia, Brazil, Africa, St . Petersburg, India, China, South Africa, United Arab Emirates, Bangladesh, Egypt, Shanghai

☆ 'Operation Cookie Monster': Dutch arrest their most-wanted suspect in cyber case
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, July 25 (Reuters) - Dutch police have arrested a man they described as their most wanted suspect in the investigation into the Genesis Market, a dark web marketplace for stolen computer credentials, shut down in a multi-national crackdown dubbed "Operation Cookie Monster". The Genesis website was closed in April in an operation said at the time to involve law enforcement agencies from 17 countries and more than 120 arrests. International investigators said the site had been used to sell stolen online credentials, such as web browser fingerprints and cookies, from more than 2 million people. In a statement, police said the 32-year-old Dutch national, a resident of Brazil, could be one of the top 10 users of the Genesis Market. The suspect was arrested last week when he was in the Netherlands but police did not publicise the arrest until this week for investigative purposes.

Persons: Charlotte Van Campenhout, Peter Graff Organizations: Genesis, Thomson Locations: AMSTERDAM, Brazil, Netherlands

☆ Opinion | Barbara Kingsolver Thinks Urban Liberals Have It All Wrong on Appalachia
▼ + stars: | 2023-07-21 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +58 min

It’s like there’s no point in asking who started this because it’s a really, really old antagonism. I think that’s probably what’s most critical right now is that all of our entertainment, our news media, it’s all made in cities. And he’s really pretty horrible, and he doesn’t feed them enough, and that’s really sad. You’re going to have a flat tire, and the guy that pulls up to help you is going to tell your dad within minutes. It’s not like most books you’re going to see.

Persons: Ezra Klein, ezra klein, —, Hernan Diaz, Barbara Kingsolver, “ David Copperfield ”, Dickens, It’s, barbara kingsolver, you’ve, ezra klein We’re, Nobody, I’d, I’ve, Bobby Ann Mason’s, “, — Wendell Berry, Robert Penn Warren, James Still, Harriette, Taylor Greer, you’re, George Washington, ” he’s, — he’s, he’s, I’ll, They’re, George W, Bush, they’re, barbara kingsolver You’re, we’ve, That’s, that’s, I’m, ” barbara kingsolver, barbara kingsolver Oh, barbara kingsolver ezra klein barbara kingsolver, ezra klein Yes, we’re, Charles Dickens, “ David Copperfield, ”, Tommy, ” It’s, ezra klein There’s, barbara kingsolver There’s, Tommy Traddles, Tommy Waddles, who’s, He’s, We’re, Tommy’s, she’s, it’s, Beth Macy, overdosed, ” ezra klein, There’s, grandkids, they’ve, Dori, doesn’t, Peggot, Frances Goldin, Arwen Donahue, She’s, Beth Macy’s, Lazarus, Laline Paull, ezra klein Barbara Kingsolver Organizations: New York, Fiction, Trump, Nicholas County High School, DePauw University, Walmart, The New York Times, . Times, New York Times, Farmers, “, Knoxville —, Purdue Pharma, Purdue, aha, Scots Locations: Appalachia, It’s, Georgia, Tennessee, North Carolina, Virginia, Kentucky, West Virginia, Pennsylvania, U.S, exploitations, Congo, Caribbean, Indiana, Nicholas, Arizona, Europe, Tucson , Arizona, Tucson, Paris, Athens, France, “ Shiloh, MAGA, America, Brazil, Eastern Europe, There’s, California, New York, “, Tommy, Pennington, Knoxville, there’s, nove, Lee County, that’s Lee County, that’s, United States of America, who’s, New York City

☆ Sao Paulo governor turns heads on Brazil's right after Bolsonaro election ban
▼ + stars: | 2023-07-20 | by ( Ricardo Brito | ) www.reuters.com time to read: +5 min

Although the governor and his closest advisers insist he is focused on serving Sao Paulo state, many of Brazil's seasoned conservative power brokers are already calling the pro-business moderate a natural candidate for the presidency in three years. It also helped shore up three-quarters support among Sao Paulo lawmakers for the reform as it cleared one chamber of Congress. He is pushing to privatize the port of Santos on the Sao Paulo coast, a bid blocked for now by the federal government. And he has vowed to revive efforts to privatize state water utility Sabesp (SBSP3.SA), while Lula has decried recent privatizations under Bolsonaro. "He has to finish his mission in Sao Paulo with a second term," said one close aide, asking not to be named as he was not authorized to speak about the governor's plans.

Persons: Tarcisio de Freitas, Jair Bolsonaro, Freitas, Bolsonaro, Luiz Inacio Lula da Silva's, Marcos Pereira, of God, Arthur Lira, Ciro Nogueira, Bolsonaro's, Antonio Queiroz, Dilma Rousseff, Lula, Queiroz, Ricardo Brito, Anthony Boadle, Brad Haynes, Paul Simao Organizations: Paulo, Republicans, Universal Church of, Liberal Party, ARMY, Workers Party, Sao, Thomson Locations: BRASILIA, Sao Paulo, of, Brazilian, Santos

☆ South Africa says Putin agreed not to attend BRICS summit
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

JOHANNESBURG, July 19 (Reuters) - Russian President Vladimir Putin will not attend the summit of the BRICS group of emerging economies in South Africa in August "by mutual agreement", South Africa's presidency said on Wednesday. Russia will instead be represented by its Foreign Minister Sergei Lavrov at the Johannesburg summit, alongside the leaders of Brazil, India, China and South Africa, the presidency said in a statement. South Africa faced a dilemma in hosting the summit because, as a member of the International Criminal Court (ICC), it would theoretically be required to arrest Putin for alleged war crimes if he were to attend. The ICC in March issued an arrest warrant for Putin, accusing him of the war crime of illegally deporting children from Ukraine. On Wednesday, the Kremlin said Russia did not tell South Africa that arresting Putin on an ICC arrest warrant would mean "war".

Persons: Vladimir Putin, Sergei Lavrov, Putin, Cyril Ramaphosa, Dmitry Peskov, Nellie Peyton, Anait, Alexander Winning, William Maclean Organizations: Criminal Court, ICC, South, African National Congress, Thomson Locations: JOHANNESBURG, South Africa, South, Russia, Johannesburg, Brazil, India, China, Ukraine, Moscow, Kremlin

☆ Read Your Way Through Salvador
▼ + stars: | 2023-07-19 | by ( Itamar Vieira Junior | Translated Johnny Lorenz | ) www.nytimes.com time to read: +2 min

Read Your Way Around the World is a series exploring the globe through books. I was born in Salvador, in the Brazilian state of Bahia, and lived in the general vicinity until I reached the age of 15. I already knew something of Amado, not from reading him but because he was an omnipresent figure in the cultural life of Salvador. Salvador was the first capital of Brazil, founded in 1549 as part of the Portuguese colonial project in the Americas. In the Salvador of yesteryear, one would find Europeans, mostly Portuguese and Dutch, as well as Indigenous peoples, especially the Tupinambá.

Persons: Jorge Amado, Amado, Salvador, Rufino, João José Reis, Flávio dos Santos Gomes, Marcus J.M, de Carvalho, Rufino ” Locations: Salvador, Brazilian, Bahia, Brazil, Portuguese, Americas, Salvador of yesteryear, Africa, Nigeria, Benin, Dahomey, Togo, Republic of Congo, Angola, Oyo

Those factors caused a historic 21% plunge in CBOT December corn in the final seven trading days of June, though price steadied immediately after. But money managers in that week expanded their net short in CBOT corn futures and options to 63,052 contracts from 18,209 in the prior week, against expectations for mild net buying. Managed money net position in CBOT corn futures and optionsUSDA lowered U.S. corn yield on July 12 due to dry June weather, but it would still be a new record. U.S. soybean plantings came in far below market predictions on June 30, but money managers have been net sellers of CBOT soybean futures and options in the last two weeks. That was on a 0.5% rise in November soybean futures for the week, and beans rose another 0.8% in the last three sessions.

Persons: steadied, Wheat, Karen Braun, Diane Craft Organizations: U.S . Department of Agriculture, soyoil, U.S ., Reuters, Thomson Locations: NAPERVILLE , Illinois, Chicago, U.S

"Everyone is expecting a rate cut," Finance Minister Fernando Haddad noted in an interview with RedeTV journalist Kennedy Alencar. Planning Minister Simone Tebet was even more emphatic, saying at an event in Rio de Janeiro that the central bank must start its easing cycle with a 50-basis-point cut. She said high interest rate levels were hurting the retail sector. However, they still diverge on the size of the cut, with 55% of those polled betting on a 25 basis point move while 32% expect a 50 basis point cut. On Thursday, Lula himself renewed calls on the central bank to cut interest rates.

Persons: Luiz Inacio Lula da Silva's, Fernando Haddad, Kennedy Alencar, Haddad, Simone Tebet, Lula, Gabriel Galipolo, Ailton Aquino, Lula's, Bernardo Caram, Rodrigo Viga Gaier, Gabriel Araujo, Steven Grattan, Josie Kao, Frances Kerry Organizations: RIO DE, Finance, Reuters Graphics Reuters, Thomson Locations: BRASILIA, RIO, RIO DE JANEIRO, Rio de Janeiro, Brazil, Brasilia

☆ Elon Musk is the gift that keeps on giving to Mark Zuckerberg
▼ + stars: | 2023-07-08 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

New York CNN —At the start of last year, Meta CEO Mark Zuckerberg was in the hot seat. But then, the attention of lawmakers, media and the tech world writ large abruptly shifted to another tech billionaire: Elon Musk. While Twitter users have lamented what Musk’s ownership has meant for the platform, it may be the best thing that could have happened for Zuckerberg. A billion-user opportunityThe distraction and chaos of Musk’s Twitter takeover could hardly have come at a better time for Zuckerberg and Meta. The Twitter-Threads battle has raised the stakes for another fight: a cage fight that Musk and Zuckerberg have spent the past several weeks planning.

Persons: Mark Zuckerberg, Elon, Twitter, Musk, Zuckerberg, “, ”, Herbert Hovenkamp, —, he’s, Meta, Musk’s, “ Elon, Meta —, Donald Trump, Instagram, Adam Mosseri, Zuckerberg’s Organizations: New, New York CNN, Facebook, Apple, Meta, Twitter, University of Pennsylvania’s Carey Law School, Instagram, SpaceX, YouTube Locations: New York, Cambridge

☆ Insight: Catholic clergy report surveillance, beatings amid Nicaragua's crackdown
▼ + stars: | 2023-07-07 | by ( David Alire Garcia | ) www.reuters.com time to read: +7 min

Nicaraguan President Daniel Ortega's five-year campaign against the Catholic church has intensified since February, according to interviews with five priests inside and outside the country. This week's brief release of Nicaraguan Bishop Rolando Alvarez raised hopes for a turning point. The priests describe heavy surveillance of church services by police or civilian members of government-sponsored community councils, especially since Easter. His latest restrictions seem aimed at silencing priests, Erick Diaz, 33, a Nicaraguan priest in exile in Chicago, said. Nine church leaders inside and outside Nicaragua did not respond to interview requests for this story.

Persons: Daniel Ortega's, Nicaraguan Bishop Rolando Alvarez, Mexican Bishop Ramon Castro, Pope Francis, Nicaragua's, Ortega, Rosario Murillo, Bishop Alvarez, Alvarez, Cardinal Leopoldo Brenes, Brenes, Martha Patricia Molina, Molina, Luiz Inacio Lula da Silva, Erick Diaz, David Alire Garcia, Philip Pullella, Ismael Lopez, Suzanne Goldenberg Organizations: MEXICO CITY, Sunday, Nicaraguan, Catholic, Vatican, Reuters, Organization of American, Thomson Locations: MEXICO, Nicaraguan, Managua, Nicaragua, Mexican, Eastern Europe, Matagalpa, Texas, Leon, Vatican, Chicago, Rome, San Jose

But OPEC ministers and executives from oil companies told a two-day conference in Vienna governments needed to turn their attention from supply to demand. But record profits from oil and gas last year and relatively low returns from renewable energy prompted some investors to demand companies renew their focus on oil and gas to raise profits. DEMAND HITS RECORDMeanwhile, oil demand has reached new peaks of above 102 million barrels per day this year, recovering from a dip during the COVID-19 pandemic. It is expected to rise further, driven by strong demand from Asia and for petrochemical production, oil executives and analysts said. The oil industry has long said lower investment in oil and gas in the absence of a reduction in oil demand will only lead to higher prices.

Persons: Bernard Looney, Wael Sawan, Abu, Sultan al Jaber, Patrick Pouyanne, Jean Paul Prates, Prates, Amin Nasser, Dmitry Zhdannikov, Barbara Lewis Organizations: BP, of, Petroleum, Reuters, Bloomberg, Wall Street, Companies, Shell, BBC, Investments, Rystad Energy, Petrobras, PETR4, Saudi Aramco, Thomson Locations: Vienna, VIENNA, Ukraine, Asia, Abu Dhabi

☆ Vinícius Jr.: Rio government names anti-racism law after Real Madrid star
▼ + stars: | 2023-07-06 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —The Rio de Janeiro government named an anti-racism law after Real Madrid forward Vinícius Jr. on Wednesday which will see sporting events stopped or suspended in the event of racist conduct. Brazil forward Vinícius was racially abused by fans when Madrid played Valencia in May, the 10th such incident involving the 22-year-old that LaLiga has reported to prosecutors that season. The ‘Vini Jr law,’ unanimously approved by the Rio government in June, includes protocol on how to process complaints of racism and mandatory educational campaigns. “Today is a very special day and I hope my family is very proud,” said Vinícius during a ceremony at the Maracanã Stadium, where he made his senior debut for Flamengo in 2017. “Sometimes, I wonder if I deserve so much,” he said.

Persons: Vinícius, LaLiga, Vini, ’, ”, “, ” Vinícius, Garrincha, Ronaldo Nazário, Sports Rafael Picciani Organizations: Reuters, Real Madrid, Madrid, Valencia, “, Flamengo, de Janeiro’s, Sports Locations: Rio, Janeiro, Brazil, Rio de Janeiro

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