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But even if the bloc's 27 member countries reach agreement on the plan, to enforce it they must overcome rising costs and uncertainties linked to power market reforms triggered by the price surge linked to war in Ukraine. As energy prices have increased all costs, including of the materials needed for renewable infrastructure, investment models built on low prices for renewably-produced electricity are in doubt. RECORD PRICES, EXTREME UNCERTAINTYFar-reaching inflation, driven by expensive energy, has led governments to seek to cap wholesale energy costs and consider reforming markets after years of stability. The wholesale benchmark German baseload front year electricity price hit a record above 1,000 euros per megawatt hour (MWh) on Aug. 29. Beyond the short-term fixes, the EU plans a major overhaul of its electricity market to decouple the price of electricity from the price of gas.

REUTERS/Ricardo Moraes/File Photo/File PhotoLONDON, Nov 2 (Reuters) - The pace and scale of rate hikes delivered by central banks around the globe in October slowed down dramatically following September's historic peak. The latest moves have brought total rate hikes in 2022 from G10 central banks to 2,050 bps. Emerging markets interest ratesMarkets had recently taken heart from indications that rate hikes from major central banks - especially the U.S. Federal Reserve - were slowing down. "We see central banks on a path to overtighten policy," said Boivin on Monday in a weekly outlook note from the world's largest asset manager. "We think the Fed, like other developed market central banks, will only stop when the severe damage from rate hikes is clearer.

REUTERS/Roosevelt CassioSAO PAULO/BRASILIA, Nov 1 (Reuters) - Brazil's Supreme Court on Tuesday ordered police to remove scores of roadblocks set up by supporters of President Jair Bolsonaro to protest his defeat in the presidential election, while the far-right leader remained silent on the result. Some truckers posted videos calling for a military coup to stop Lula, a leftist who served as Brazil's president from 2003 to 2010, from taking office. Bolsonaro remained silent more than 36 hours after his defeat and has neither conceded the race nor called the president-elect. The main access road to Sao Paulo's Guarulhos international airport, the busiest in the country, also was blocked. Although Bolsonaro has remained silent on his election loss, his political allies and associates have already begun to establish contact with the Lula camp to discuss a transition.

☆ Main road to Brazil's Paranagua port, major grain export hub, still blocked
▼ + stars: | 2022-11-01 | by ( Ana Mano | ) www.reuters.com time to read: +2 min

REUTERS/Ricardo MoraesSAO PAULO, Nov 1 (Reuters) - The main access road to Brazil's Paranagua port, the country's second busiest for grain exports, remained blocked by political protesters on Tuesday, according to a statement from the port authority, hobbling shipping from one of the world's top food producers. Farm states like Santa Catarina, where many meatpackers operate, and Mato Grosso, Brazil's biggest grain producer, were among the most affected by the protests that started after polls closed on Sunday, police data showed. The port authority at Santos, Latin America's biggest port, said things were normal as protests had not disrupted its terrestrial operations, according to a statement sent to Reuters. Yet due to bad weather, navigation in the port's estuary has been suspended since 4:00 a.m. (0700 GMT), the statement said. Reporting by Ana Mano Editing by Alistair BellOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's top court says Bolsonaro recognized election loss by allowing transition
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: 1 min

Nov 1 (Reuters) - Brazil's Supreme Court said in a statement on Tuesday that President Jair Bolsonaro recognized the result of the election he lost by authorizing the start of a transition to a government by President-elect Luiz Inacio Lula da Silva. A Supreme Court spokesperson said Bolsonaro was heading to the tribunal to meet justices. Reporting by Ricardo Brito Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Bolsonaro to speak today, won't contest election result -minister
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: 1 min

BRASILIA, Nov 1 (Reuters) - Brazilian President Jair Bolsonaro is set to make an official statement on his election defeat later on Tuesday, a minister said, adding that the far-right leader will not contest the results. Communications Minister Fabio Faria told Reuters that Bolsonaro was expected to meet with Supreme Court justices ahead of his speech. He lost a runoff vote to leftist former President Luiz Inacio Lula da Silva on Sunday but has yet to concede. Reporting by Ricardo Brito; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: Argentina's embattled left hopes for Lula bump. That looks a long shot
▼ + stars: | 2022-11-01 | by ( Nicolás Misculin | ) www.reuters.com time to read: +3 min

President Fernandez, powerful Vice President Cristina Fernandez de Kirchner and Economy Minister Sergio Massa, all languish on around 30% positive image, according to an October survey by pollster Ricardo Rouvier & Associates. I don't think this will change the electoral scenario in Argentina at all," political analyst Sergio Berensztein told Reuters. Lula, after his win, wore a cap in support of VP Fernandez de Kirchner. President Fernandez meanwhile said Lula would make his first overseas visit to Argentina once in office, a reversal from cool ties under Bolsonaro between the trade partners. "I think this has more to do with politicians' views than the real effect of the election on actual people," he said.

[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.

☆ Bolsonaro expected to end silence and speak about Brazil election
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Oct 31 (Reuters) - More than 20 hours after losing the election to his fierce leftist adversary, Brazil's far-right President Jair Bolsonaro has yet to say one word publicly, but he is expected to break his silence on Monday afternoon. Bolsonaro's unusual silence raised concerns that he was planning to contest the narrow victory by former President Luiz Inacio Lula da Silva in Sunday's runoff vote. International election observers and diplomats said they did not doubt that Brazil's democratic institutions will prevail. Time is running out to dispute the election result as many international leaders, political allies and high-profile supporters have already recognized Lula's victory. Reporting by Anthony Boadle and Ricardo Brito; Editing by Josie Kao and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

SAO PAULO/BRASILIA, Oct 31 (Reuters) - Brazilian leftist leader Luiz Inacio Lula da Silva narrowly defeated President Jair Bolsonaro in a runoff election, but the far right incumbent did not concede defeat on Sunday night, raising concerns that he might contest the result. The Supreme Electoral Court (TSE) declared Lula the next president, with 50.9% of votes against 49.1% for Bolsonaro. It was a stunning comeback for the leftist former president and a punishing blow to Bolsonaro, the first Brazilian incumbent to lose a presidential election. [1/6] Brazil's former President and presidential candidate Luiz Inacio Lula da Silva reacts at an election night gathering on the day of the Brazilian presidential election run-off, in Sao Paulo, Brazil, October 30, 2022. "A former union leader born into poverty, Lula organized strikes against Brazil's military government in the 1970s.

☆ Brazil votes in heated Bolsonaro vs. Lula presidential runoff
▼ + stars: | 2022-10-30 | by ( Anthony Boadle | ) www.reuters.com time to read: +5 min

Bolsonaro has vowed to consolidate a sharp conservative turn in Brazilian politics after a presidency marred by the pandemic. Lula promises more social and environmental responsibility, recalling the rising prosperity of his 2003-2010 presidency, before corruption scandals tarred his Workers Party. Several polls showed the race between them tightening in the final week, with Bolsonaro eroding a slight lead for Lula. Bolsonaro outperformed opinion polls in the first round of voting on Oct. 2 among a field of 11 candidates. POST-ELECTION CONCERNSBrazil's electoral authorities are preparing for a narrow result, which Bolsonaro may contest if he loses.

☆ As U.N. mulls sending troops to Haiti, a gang's rise shows how hard that would be
▼ + stars: | 2022-10-29 | by ( Brian Ellsworth | ) www.reuters.com time to read: +8 min

Petithomme goes by the alias Ti Makak, and leads a gang of the same name. Haiti's National Police did not respond to requests for comment on the police commissary incident or about Ti Makak in general. Local media reported that Ti Makak was responsible. But the calls continued, he said, and a group later arrived in person, saying they were linked to Ti Makak. "We can easily conclude that the Ti Makak band seeks to win the hearts of the people, particularly of those people who have been involved in acts of looting during recent protests," Germain said.

☆ Bolsonaro-Lula presidential race down to the wire in Brazil, polls show
▼ + stars: | 2022-10-29 | by ( Anthony Boadle | ) www.reuters.com time to read: +4 min

A survey by pollster MDA showed Lula's edge slipping to just 2 percentage points, equal to the margin of error for the poll commissioned by transport sector lobby CNT. But Bolsonaro outperformed opinion polls in the first-round vote on Oct. 2, and many analysts say the election could go either way. The final opinion surveys by pollsters IPEC and AtlasIntel, however, showed Lula holding a stable and slightly larger lead. AtlasIntel, among the most accurate pollsters in the first round, showed Lula's lead holding at 7 percentage points. Lula vowed to revive those boom times, while Bolsonaro suggested current social programs are more effective.

Financial markets have largely priced in a Lula victory, but the uncertainty about a contested result has some on edge. "There is apprehension about whether the election result will be respected," said J.P. Morgan equity strategist Emy Shayo. The TSE rejected the complaint in a Wednesday ruling due to lack of evidence and asked Brazil's top prosecutor to investigate the Bolsonaro campaign for possible intent to disrupt the election. Another son, Congressman Eduardo Bolsonaro, told journalists that to address the issue properly might require postponing the election. Senior Bolsonaro campaign officials have said publicly that a postponement of the election is not up for discussion.

☆ Brazil's Bolsonaro to appeal to top court ahead of Sunday's election runoff
▼ + stars: | 2022-10-27 | by ( Anthony Boadle | ) www.reuters.com time to read: +3 min

This further raised concerns about disruptions before or after Sunday's vote pitting Bolsonaro against former President Luiz Inacio Lula da Silva. In its ruling on Wednesday, the TSE asked Brazil's top public prosecutor to investigate the possible intention of the Bolsonaro camp to disrupt the election in its final days. Now he has claimed fraud involving campaign radio spots, adding to expectations that he will contest the result if he loses to Lula. Neither the Defense Ministry nor the Army replied to a request for confirmation that the military commanders met with Bolsonaro on Wednesday night. O Globo newspaper reported two weeks ago that Bolsonaro had ordered the military not to publish that finding.

The bid amounts for the unit, known too as Banamex, were not disclosed by the sources. The sources also cautioned that no deal was guaranteed with any party and Citigroup could ultimately decide to sell Banamex shares on the Mexican Stock Exchange instead. Inbursa and Grupo Mexico declined to comment. Backed by Slim, Mexico's richest person, Inbursa was flagged as a strong contender when Citigroup put Banamex up for sale in January. However, mining tycoon Larrea has the firepower to compete as a candidate to buy Banamex, the sources said.

☆ Berkshire's Brooks running unit settles trademark case against Brooks Brothers
▼ + stars: | 2022-10-26 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

REUTERS/Carlo AllegriOct 26 (Reuters) - Brooks, the running shoe unit of billionaire Warren Buffett's Berkshire Hathaway Inc (BRKa.N), has settled a lawsuit accusing the retailer Brooks Brothers of diluting its reputation and confusing customers by marketing athletic wear with the "Brooks" name, but without "Brothers." It objected last year to Brooks Brothers' launch of "faux" athletic wear, saying it threatened to "demoralize" consumers who associate the Brooks name with high-quality athletic wear, and to Brooks Brothers' "Back to Brooks" marketing campaign. Brooks Brothers countered that the lawsuit was an "ill-conceived ploy" to evade the coexistence agreement, and demanded Brooks' compliance. Founded in 1818, Brooks Brothers is the oldest continually-operating U.S. clothing retailer. The case is Brooks Sports Inc v SPARC Group LLC, U.S. District Court, Western District of Washington, No.

The new measures will cost some 273 billion reais ($52 billion) this year and next, according to an analysis of government figures by Reuters, adding to fiscal challenges for whoever wins the election. Congressional approval is pending for 146 billion reais worth of that spending. Federal prosecutors responsible for enforcing electoral law have not taken up calls to investigate the allegations of the president's abuse of his budgetary authority. Lula led Bolsonaro in the first-round vote by 5 percentage points overall, an advantage that opinion polls showed was bolstered by lower-income Brazilians. Auxilio Brasil is not the only program that government critics and legal experts have flagged on suspicion of skirting electoral law.

☆ Real-estate investors rush to score deep discounts on Florida properties hammered by Hurricane Ian: 'If they were asking $1 million before the storm, I'll offer $750,000'
▼ + stars: | 2022-10-20 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

Real-estate investors are trying to take advantage of the down market by buying properties for less. They seem undeterred by high insurance costs, possibly falling home values, and ever-worse storms. The real-estate market in Florida just doesn't stop. "If they were asking $1 million before the storm, I'll offer $750,000," Lema told The Wall Street Journal. Photo by Ricardo Arduengo/AFP via Getty ImagesStill, it seems many buyers are undeterred by or unaware of insurance costs, future home-value depreciation, and the risk of ever-stronger hurricanes and rising sea levels.

The Superior Electoral Court (TSE) said the measures are intended to curb the "distribution and sharing of knowingly untrue or gravely decontextualized information affecting the electoral process," according to the resolution. The tougher stance, defined by Supreme Court Justice Alexandre de Moraes, who currently runs the TSE, reflects a more aggressive approach to a tidal wave of dirty campaigning that has engulfed Brazil ahead of the Oct. 30 runoff. The TSE has already ordered some disinformation videos to be taken down, including ones that say Lula consorts with Satan and Bolsonaro embraces cannibalism. The campaigns have also been ordered by the court to pull online ads saying the leftist will legalize abortion and the incumbent entertains pedophilia. Moraes said the platforms had helped keep disinformation within reasonable bounds ahead of the election's first-round vote on Oct. 2.

☆ In its first 100 days, the James Webb telescope peered deep into space, took beauty shots of faraway galaxies and glittering nebula, and saw a spacecraft slam into an asteroid
▼ + stars: | 2022-10-19 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +8 min

In its first 100 days of observation, Webb has captured mind-blowing images, reaching astonishing cosmic distances. Webb captured violent interactions in a star system more than 5,000 light years awayWebb captured a series of 17 concentric dust rings spawned by the Wolf-Rayet 140 binary system. Webb took a 'deep field' image that filled astronomers with wonderThe James Webb Space Telescope's first deep field infrared image, released on July 11, 2022. Webb captured detailed views of the king of our solar system – JupiterWide-field view of Jupiter, captured by Webb. Webb snapped a beauty shot of the Carina NebulaThe star-forming region NGC 3324 in the Carina Nebula, captured in infrared by Webb.

Reyes said Hollywood films often reflected the politics of their time — and that had an influence on Latino roles. Studies by the Government Accountability Office, the University of Southern California and other groups consistently show that Latinos are underrepresented in the film industry. Just this year, UCLA’s Hollywood Diversity Report documented “enormous gains” by women and people of color, but Latino representation still lagged. Slowly but surely, we are shaking up the narrative in Hollywood.”Calderón is frustrated by the continuing practice of “brownface,” whereby Latino roles go to white actors. Sanchez cited Eugenio Derbez in “Coda” (2021) as an example of a well-written Latino film character.

☆ Brazil's furriest police corporal becomes internet sensation
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

Corporal Oliveira, a rescued dog who has became a police mascot, observes the street outside Rio de Janeiro's Military Police's 17th battalion, in Rio de Janeiro, Brazil, October 14, 2022. REUTERS/Ricardo MoraesRIO DE JANEIRO, Oct 18 (Reuters) - A rescue dog turned police mascot has become one of Brazil's most beloved furry internet sensations. Dubbed "Corporal Oliveira," the dog was taken in by Rio police officer Cristiano Oliveira, who found him in 2019 near his police station abandoned, injured and hungry. Register now for FREE unlimited access to Reuters.com Register"I took a coat, a police shirt and put it on him as a joke. "If I don't post a picture for three days people are already demanding ‘Where is Oliveira?’ ‘Where did Oliveira go?’" said the officer, laughing.

☆ Explainer: What's driving Haiti's humanitarian crisis?
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +4 min

A man looks for food through piles of trash on the side of a street in Port-au-Prince, Haiti October 16, 2022. REUTERS/Ricardo ArduengoOct 18 (Reuters) - Haiti is facing a humanitarian crisis, with shortages of food, fuel and water causing catastrophic hunger, and the government pleading for military assistance from abroad. The trigger for the current crisis is the blockade of a key fuel terminal by armed gangs that began in September. The G9 on Sept. 12 dug trenches outside the main entrance of the Varreux fuel terminal to protest an announcement by Prime Minister Ariel Henry that the government was cutting fuel subsidies. The fuel shortages have halted most economic activities.

In one line of attack, Lula allies dug up a 2016 interview in which Bolsonaro said he was willing to eat human flesh in an unspecified indigenous ritual. In another, they circulated old images of Bolsonaro speaking at Masonic lodges, considered pagan temples by some of his evangelical Christian allies. The president won court injunctions that took that attack ad off the air and kept the subject out of a debate with Lula last Sunday. But every week that passes without Bolsonaro gaining ground is a battle won by Lula, who was Brazil's president from 2003 to 2010. "The focus now is to attack Lula and trigger fears of him returning to power," said a second Bolsonaro campaign source.

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