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☆ 'Losing is not an option': Putin is 'desperate' to avoid defeat in Ukraine as anxiety rises in Moscow
▼ + stars: | 2022-11-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Russian President Vladimir Putin attends the Collective Security Treaty Organization (CSTO) Leaders meeting in Yerevan on November 23, 2022. That, Russian political analysts say, will be catastrophic for Putin and the Kremlin, who have banked Russia's global capital on winning the war against Ukraine. They told CNBC that anxiety was rising in Moscow over how the war was progressing. Needless to say, that latest withdrawal darkened the mood even among the most ardent Putin supporters. Another Russian analyst said Putin is increasingly desperate not to lose the war.

☆ How TikTok is changing the music industry
▼ + stars: | 2022-11-25 | by ( Dan Whateley | ) www.businessinsider.com time to read: +15 min

TikTok is an essential promotional tool for music artists and record labels. Watch a full replay of Insider's webinar on TikTok's impact on the music industry, featuring execs from TikTok, Universal Music Group, and UnitedMastersFor some, the hyper-focus on TikTok can be draining. "The argument from TikTok's side is TikTok is now so important to the music industry that they can't afford to not have their music on the platform." Read more about the 'complicated' and codependent relationship between TikTok and music rights holdersBut the industry's attention on TikTok isn't unfounded. Read about why TikTok music marketers are turning to general-interest accounts to promote songsCreating TikTok music challenges to spark user-generated videosAnd some marketers are opening the door for social-media users who wouldn't traditionally be considered influencers to get paid to promote music.

☆ Brazil's Banco Safra buys Alfa financial conglomerate for $192 mln
▼ + stars: | 2022-11-24 | by ( Tatiana Bautzer | ) www.reuters.com time to read: 1 min

SAO PAULO, Nov 23 (Reuters) - Brazilian bank Banco Safra acquired control of financial conglomerate Alfa for 1.03 billion reais ($192.2 million), the bank said in a statement late on Wednesday. Alfa, founded in 1925, was controlled by banker Aloysio Faria, who died in 2020. David Safra, one of the controlling shareholders in Grupo Safra, said the acquisition was an important milestone for the bank. Alfa was advised by Rothschild & Co. Safra's investment bank advised the group. ($1 = 5.3591 reais)Reporting by Tatiana Bautzer; Editing by Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

☆ JPMorgan expects to keep growing in Latin America with improved outlook
▼ + stars: | 2022-11-23 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +2 min

SAO PAULO, Nov 23 (Reuters) - JPMorgan Chase & Co (JPM.N) will keep growing in Latin America over the next few years as it expects the region's geopolitical outlook to improve, said Alfonso Eyzaguirre, the bank's chief executive for Latin America and Canada. He expects Latin America to profit from the changes. Latin America also stands to receive a large portion of private investment to tackle climate change, Eyzaguirre added. JPMorgan has been adding headcount and new services for corporate clients in Latin America. Brazil and Britain are the only countries apart from the United States where JPMorgan has retail banking activities.

☆ How TikTok and the music industry are bound to each other as 'frenemies,' even as they battle over licensing
▼ + stars: | 2022-11-17 | by ( Dan Whateley | ) www.businessinsider.com time to read: +10 min

All of these promotional functions have benefited the music industry, boosting streams on platforms like Spotify or Apple Music and helping artists grow their fan bases. The company filed a US trademark application in May for a potential music-streaming product called "TikTok Music," Insider first reported. Licensing negotiations to either expand Resso or introduce TikTok Music into other markets are underway, a person with direct knowledge of the process told Insider. Licensing negotiations are nearly constant in the music industryByteDance and TikTok already have existing agreements in place with major record labels and publishers like Warner Music Group, Sony Music Entertainment, the National Music Publishers' Association, and ICE. Last quarter, YouTube's head of music wrote that the company paid out $6 billion to the music industry over a 12-month period.

The former English teacher was charged with assault last year for attacking her partner with a knife during a domestic dispute in which he received light facial injuries. A human rights activist involved with the case said she acted in self-defence. At Thursday's hearing she said it "shocked my world" when she was placed in a penal colony where she was put to work making artificial flowers for cemeteries and mortuaries. It was forced labour," she said, complaining no medical treatment was available except for headache tablets. Writing by Mark Trevelyan Editing by Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.

☆ How to start an e-commerce business with less than $2,000 upfront, according to a 34-year-old entrepreneur who does up to $42,000 a month in Amazon sales
▼ + stars: | 2022-11-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Fu believes that anyone can start a successful e-commerce business with less than $2,000 upfront. The 34-year-old entrepreneur believes that anyone can build a profitable e-commerce business with less than $2,000 upfront. Watch 200 educational e-commerce YouTube videosThis is exactly how Fu learned the ins and outs of running an e-commerce business. At this point, you've learned the basics of running an e-commerce business and have made sales on Poshmark and Etsy. Starting an e-commerce business as a side hustle is probably the most risk-averse way to do it, she said.

☆ Russia returns to Black Sea grain deal in sudden U-turn
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +3 min

Nov 2 (Reuters) - Russia said on Wednesday it would renew its participation in an agreement allowing Ukraine to export grain via the Black Sea, just four days after suspending its role in the deal. The U-turn followed a phone call between Russian President Vladimir Putin and Turkish President Tayyip Erdogan on Tuesday, and after consultations between their defence ministers. "We did not bury this deal, but we did not expect Russia's return to it so soon either, as it was not very clear what kind of guarantees Russia could get and how quickly it would happen. Britain has denied involvement and accused Russia of trying to divert attention from its military failures in Ukraine. Despite the Russian move, ships had continued to export Ukrainian grain, and a record volume moved on Monday.

☆ Putin: We could quit grain deal again, but would not block grain for Turkey
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +3 min

Nov 2 (Reuters) - President Vladimir Putin on Wednesday reserved Russia's right to withdraw again from an international agreement allowing Ukraine to export grain via the Black Sea, after ending four days of non-cooperation with the deal. If Russia did so, however, Putin said it would not impede shipments of grain from Ukraine to Turkey. Wednesday's U-turn followed a phone call between Putin and Turkish President Tayyip Erdogan on Tuesday and consultations between their defence ministers. Despite the Russian move, ships had continued to export Ukrainian grain, and a record volume moved on Monday. Russian political analyst Tatiana Stanovaya said Wednesday's announcement represented an acknowledgement by Putin that he could not block the shipments.

[1/2] Brazil's former President and presidential candidate Luiz Inacio Lula da Silva and Sao Paulo Governor candidate Fernando Haddad react at an election night gathering on the day of the Brazilian presidential election run-off, in Sao Paulo, Brazil, October 30, 2022. Defeated President Jair Bolsonaro had not made public remarks more than 17 hours after the race was called. Some of his key allies have recognized publicly that Lula had won the race, easing concerns of contested election results. "There will be no transition problem, even if Bolsonaro reacts badly, most of his allies have already recognized Lula's victory". Francisco Levy, chief strategist at Empiricus Investimentos, said a favorable international reaction to Lula may help markets on the short term.

☆ Yum Brands to fully exit Russia with deal to sell KFC stores
▼ + stars: | 2022-10-24 | by ( Hilary Russ | Tatiana Bautzer | ) www.reuters.com time to read: +1 min

NEW YORK, Oct 24 (Reuters) - Yum Brands Inc (YUM.N) on Monday said that it reached a deal to sell its KFC restaurants in Russia to a local operator there, paving a path to fully exit the country. The restaurant operator, which also owns the Taco Bell and Pizza Hut brands, will transfer ownership of its Russian KFC locations, operating system and master franchise rights to Smart Service Ltd, which is run by existing Russian KFC franchisees Konstantin Yurievich Kotov and Andrey Eduardovich Oskolkov, Yum said in a press release. Once it is completed, Yum "will have ceased its corporate presence in Russia," the company said. In July, Yum said it transferred ownership of its Pizza Hut assets to a local Russian operator. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Hilary Russ; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ EXCLUSIVE Philip Morris to get EU nod for Swedish Match with asset sale -sources
▼ + stars: | 2022-10-24 | by ( Foo Yun Chee | Tatiana Bautzer | ) www.reuters.com time to read: +1 min

Philip Morris and Swedish Match also declined to comment. Philip Morris last week hiked its offer for Swedish Match in an effort to win over shareholders waiting for a sweetened bid. Hedge funds, including Elliott Management Corp, have built up their stakes in Swedish Match in hopes of a higher bid. Under Swedish law, 90% of Swedish Match shareholders need to approve the offer before Nov. 4. Philip Morris is sticking to this acceptance rate.

☆ Atlantia's big investors tender shares in Benetton, Blackstone bid - sources
▼ + stars: | 2022-10-24 | by ( Tatiana Bautzer | Nupur Anand | ) www.reuters.com time to read: +1 min

A logo of the Atlantia Group is seen outside its headquarters in Rome, Italy August 31, 2018. REUTERS/Alessandro BianchiMILAN, Oct 24 (Reuters) - Atlantia's long-term investors, Singapore sovereign fund GIC and Italian banking foundation CRT, have tendered their shares in the takeover offer launched by the Benettons and U.S. investment fund Blackstone (BX.N), two sources close to the matter said on Monday. As of Friday, Italian bourse data showed the take-up had increased to 19.8% of the shares targeted by the offer, or around 13.2% of the group's capital. Atlantia's takeover bid will end on Nov. 11. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elisa Anzolin; editing by Agnieszka FlakOur Standards: The Thomson Reuters Trust Principles.

☆ Suzano to buy Kimberly-Clark's tissue assets in Brazil
▼ + stars: | 2022-10-24 | by ( Tatiana Bautzer | ) www.reuters.com time to read: 1 min

SAO PAULO, Oct 24 (Reuters) - Brazilian pulpmaker Suzano SA (SUZB3.SA) said on Monday it reached a deal to buy Kimberly-Clark's (KMB.N) tissue paper operations in the country. In a securities filing, Suzano said the main asset included in the deal is a tissue production plant located in Sao Paulo state. A new company created by Suzano will hold the assets, as well as manufacture and distribute the tissue products, such as paper towels and napkins, it said. The firm did not disclose the value of the deal, but said that it does not have a significant impact on its indebtedness level. Register now for FREE unlimited access to Reuters.com RegisterReporting by Carolina Pulice and Peter Frontini; Editing by Isabel Woodford and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Former Tinkoff execs raise $16 mln for fintech start-up
▼ + stars: | 2022-10-24 | by ( Tatiana Bautzer | Nupur Anand | ) www.reuters.com time to read: +1 min

LONDON, Oct 24 (Reuters) - Three former executives at Russian online bank Tinkoff have raised $16 million to launch a fintech start-up focused on Southeast Asia and initially targeting the Philippines, they said in a statement on Monday. The trio leading the venture all left Tinkoff in the second quarter, soon after Russia's invasion of Ukraine triggered Western sanctions against Russia and after an announcement that Tinkoff's London-listed owner TCS Group Holding (TCSq.L) was planning to expand in Asia. Among the men leading the fintech start-up is George Chesakov, who was a co-founder of Tinkoff and had announced a week before the Ukraine invasion that TCS would team up with Swiss payment specialist BPC in the Philippines as part of a $200 million expansion into Asia. The other two men leading the rival venture are Pavel Fedorov, joint Tinkoff CEO in 2021-22, and Raffy Montemayor, a Filipino who will head the new business in the Philippines. Register now for FREE unlimited access to Reuters.com RegisterWriting by Kevin Liffey Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Brazilian politician resists arrest, fires at police
▼ + stars: | 2022-10-23 | by ( Rodrigo Viga Gaier | ) www.reuters.com time to read: +2 min

RIO DE JANEIRO, Oct 23 (Reuters) - Brazilian politician Roberto Jefferson fired at police while resisting arrest ordered by the country's Supreme Court on Sunday for offending a justice, federal police said in a statement. Federal police said two officers were injured by shrapnel of a grenade thrown by the former congressman. Both went to the hospital and were later released, the statement said. Two opposition senators, Randolfe Rodrigues and Eliziane Gama had asked the Supreme Court to punish Jefferson for offending Lucia. Bolsonaro, who tried to distance himself from Jefferson, tweeted that he "condemns the statements against minister Carmem Lucia and armed resistance against the federal police".

☆ The US never banned asbestos. These workers are paying the price.
▼ + stars: | 2022-10-23 | by ( Kathleen Mcgrory | Neil Bedi | ) www.businessinsider.com time to read: +39 min

But protocols failed to match reality at the Niagara Falls plant, according to more than a dozen workers. In addition to those signature diseases, which are rare even among asbestos workers, the tiny strands can harm the body in other ways. In the 15 years that followed, congressional attempts to ban asbestos would continue to fall short. OSHA declined to make an official available for an on-the-record interview or comment on ProPublica's findings at the Niagara Falls plant. At the OxyChem plant in Wichita, union president Keith Peacock said he was comfortable with the way asbestos was handled.

☆ Brazilian court allows Paper Excellence to conclude acquisition of Eldorado
▼ + stars: | 2022-10-22 | by ( Tatiana Bautzer | Nupur Anand | ) www.reuters.com time to read: +1 min

Judge J.B. Franco de Godoi, at an appeals court, voided a previous court injunction that prevented Paper Excellence from concluding the transfer of ownership of Brazilian pulp maker Eldorado. Paper Excellence won an arbitration against Eldorado's current controlling shareholder, J&F Investimentos, which also controls meatpacker JBS SA (JBSS3.SA). But J&F went to the courts and obtained an injunction preventing the transfer of 100% of Eldorado shares to Paper Excellence. Paper Excellence will then consider how soon it can build a second unit, with an estimated capital expenditure of 10 billion reais ($1.94 billion). The Eldorado deal has been on hold for five years.

Register now for FREE unlimited access to Reuters.com Register"For the moment, Putin is hanging in there," said Anthony Brenton, a former British ambassador to Russia. In power since 1999, Putin has weathered numerous domestic crises and wars, and more than once faced down large street protests before effectively outlawing any real opposition. The Kremlin says Putin is backed by an overwhelming majority of Russians and won a landslide re-election victory in 2018. said Weiss, who has had various policy roles on the U.S. National Security Council and has written a book about Putin. A senior European official said Putin would have to demonstratively lose the war to be unseated.

☆ Mercuria among firms vying for Tocantins carbon credits in Brazil
▼ + stars: | 2022-10-18 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +1 min

SAO PAULO, Oct 18 (Reuters) - Mercuria Energy Trading is one of three companies showing interest in registering and acquiring up to 200 million tonnes of jurisdictional carbon credits tied to the Amazon forest that are being sold by Brazil's Tocantins state, officials said. Tocantins expects the credits, generated between 2016 and 2032, to be worth up to 2 billion reais ($191 million), said state environmental official Marli Santos. Register now for FREE unlimited access to Reuters.com RegisterThe state will announce the winner on Wednesday, Tocantins said in a statement. If the deal closes and the credits are registered internationally, Tocantins said it would be the first state in the Brazilian Amazon to sell jurisdictional carbon credits. ($1 = 5.2484 reais)Register now for FREE unlimited access to Reuters.com RegisterReporting by Tatiana Bautzer Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: Lula, Bolsonaro and market look to cure Brazil consumer debt hangover
▼ + stars: | 2022-10-17 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +7 min

With nearly 70 million Brazilians blacklisted by credit agency Serasa, owing 290 billion reais ($54.4 billion), debt relief is smart politics in a closely fought presidential campaign, ahead of an Oct. 30 runoff vote. Advisers say he would focus first on 95 billion reais of unpaid bills accumulated by families earning up to 3,600 reais ($676) per month. Later steps would focus on incentives to restructure bank debt, for this population. Looking to steal his thunder, right-wing incumbent Jair Bolsonaro announced a program offering a sharp discount on bank debts. But the scope is far more modest, applying to some 4 million borrowers from state bank Caixa Economica Federal, which estimated about 1 billion reais of restructuring.

☆ 'She-Hulk' shows off its superpower and Achilles heel in a truly weird finale (SPOILERS)
▼ + stars: | 2022-10-13 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

Editor’s Note: The following contains spoilers about “She-Hulk’s” season finale. CNN —“She-Hulk: Attorney at Law” revealed both its superpower and Achilles heel in the season finale: It’s a TV show for people who watch too much TV in general and too much of Marvel’s output in particular. Designed to test the parameters of how far Marvel could go with this sort of exercise, “She-Hulk” clearly delivered an unabashed out-there comedy. It’s tempting to credit “She-Hulk” for taking chances, but frankly, that has clearly been the plan with Marvel’s expansion into streaming for some time now. Part of the show’s legacy, as noted, will be the way it reintroduced Daredevil.

Allied with the troubled call-up of hundreds of thousands of troops, each new development helped fuel a sense of panic in Russia. Putin said Monday’s deadly strikes were revenge, though Kyiv claimed they had been planned well in advance. “The attacks have not degraded Ukrainian military capabilities and are fundamentally irrelevant to the fighting in the northeast and south of Ukraine,” Tuck said. Sustaining such attacks will require a constant supply of rockets, which Moscow is increasingly running out of, military analysts said. Already, Kyiv says Russia has been using more “kamikaze” drones, procured from Iran, as a cheaper and more dispensable alternative.

☆ OPEC cuts 2022, 2023 oil demand growth view as economy slows
▼ + stars: | 2022-10-12 | by ( Alex Lawler | ) www.reuters.com time to read: +3 min

Even after the downgrade, OPEC still expects demand growth to be stronger this year and next than the International Energy Agency, which issues its latest forecasts on Thursday. Next year, OPEC sees oil demand rising by 2.34 million bpd, 360,000 bpd less than previously forecast, to 102.02 million bpd. OPEC cut its 2022 global economic growth forecast to 2.7% from 3.1%, trimmed next year's figure to 2.5% and said there was potential for further weakness. The report showed OPEC output rose by 146,000 bpd to 29.77 million bpd in September, led by Saudi Arabia and Nigeria. Still, the OPEC+ output cut agreed last week runs for all of 2023 and is much larger, at 2 million bpd.

☆ Oil up $2 a barrel from multi-month low on U.S. Gulf supply cuts, softer dollar
▼ + stars: | 2022-09-27 | by ( Laila Kearney | ) www.reuters.com time to read: +3 min

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. "Oil is currently under the influence of financial forces," said Tamas Varga of oil broker PVM. BP and Chevron said on Monday they had shut production at offshore platforms in the Gulf of Mexico as Hurricane Ian approached. read moreThe outages may only provide a momentary reprieve for oil prices, Jim Ritterbusch, of Ritterbusch and Associates, said in a note. Iraq's oil minister on Monday said the group was monitoring prices and did not want a sharp increase or a collapse.

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