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☆ Embraer maintains 2023 outlook but deliveries seen at low end of guidance
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. Embraer earlier in the day reported third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, with net revenue jumping 38% in the period to $1.28 billion. Embraer delivered 43 aircraft in the quarter that ended in September, up 30% from the same period of 2022, including 15 commercial and 28 executive jets. CEO Francisco Gomes Neto told Reuters last month that the firm was confident it would meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year. ($1 = 4.9007 reais)Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman, Chizu Nomiyama and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Garcia, TD Cowen, Cai von Rumohr, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Nomiyama, Jan Harvey Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

☆ Brazil's Embraer posts 34% profit jump, maintains outlook
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday reported a third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, and reiterated its outlooks for the full year despite ongoing supply chain issues. "We have a big challenge for deliveries in the fourth quarter, but as we demonstrated in the fourth quarter of 2022, we are prepared for it," Chief Financial Officer Antonio Carlos Garcia told a conference call with analysts. Embraer's net revenue jumped 38% in the third quarter to $1.28 billion, the firm said, noting it managed to post double-digit revenue growth across all its four units - which also include defense & security and services & support. ($1 = 4.9007 reais)Reporting by Gabriel Araujo Editing by Louise Heavens, David Goodman and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

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

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

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

BARCELONA, Spain (AP) — Barcelona coach Xavi Hernández is keeping his cards close to his chest before the first “clasico” of the season. They all returned to training Friday, a day before Madrid arrives with a one-point lead in the Spanish league standings. “I will play my best players, those that are 100% ready,” the Barcelona coach said. Political Cartoons View All 1223 ImagesMadrid coach Carlo Ancelotti said he wasn't worried who played for Barcelona as long as Jude Bellingham was ready to go. Regardless of who plays for the host team, Xavi has a huge task in finding a way to stop Bellingham and Vinícius Júnior.

Persons: Xavi Hernández, Robert Lewandowksi, de Jong, Pedri González, Jules Koundé, “, Ferran Torres, Carlo Ancelotti, wasn't, Jude Bellingham, Bellingham, Ancelotti, Xavi, Vinícius, ” Xavi, Ronald Araújo, De Jong, Oriol Romeu, Gavi Paéz, “ Oriol, ” Bellingham, Karim Benzema’s, Toni Kroos, Federico Valverde, Aurélien Tchouaméni, Luka Modric, Eduardo Camavinga, “ Camavinga, Mendy, ” Ancelotti, Yamal, Fermín López Organizations: —, Madrid, Barcelona, Braga, Champions League, Bellingham, Manchester, Xavi’s, La Masia, Shakhtar Donetsk Locations: BARCELONA, Spain, — Barcelona, Barcelona, Lewandowski, Poland, Bellingham, Manchester City, Madrid, Saudi Arabia

☆ Brazil's Lula likely to visit Saudi Arabia to discuss investments
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Oct 24 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Tuesday he is likely to travel to Saudi Arabia soon to discuss investments from the kingdom in his country as part of the "growth acceleration" plan recently launched by his administration. Lula said in a live broadcast on social media he would probably make a stop in Saudi Arabia on his way to the United Arab Emirates to attend the COP28 global climate meeting next month. The leftist leader is recovering from hip surgery he underwent late last month and has yet to be cleared by his doctors to travel. He said he was feeling fine. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Lula, Gabriel Araujo, Steven Grattan Organizations: SAO PAULO, United, Thomson Locations: Saudi Arabia, United Arab Emirates

NEW YORK (AP) — A federal appeals panel wants to know why lawyers for former President Donald Trump didn’t try years ago to use a claim of absolute presidential immunity to shield him from a defamation lawsuit by a woman who accused him of sexual assault. He also insisted that absolute presidential immunity was a protection that cannot be surrendered by Trump or any other president. Kahn asked Madaio later in the arguments why absolute presidential immunity was not asserted sooner. In the spring, a Manhattan federal court jury found that Trump sexually abused Carroll, but it rejected her claim that he raped her. Trump is the early front-runner for the 2024 Republican presidential nomination.

Persons: Donald Trump didn’t, Trump, E, Jean Carroll, Carroll, Maria Araujo Kahn, Denny Chin, Michael Madaio, Judge Lewis A, Kaplan, ” Kaplan, Chin, Judge Kaplan, it’s, ” Madaio, Kahn, Madaio Organizations: —, U.S, Circuit, Trump Locations: Manhattan, New York

☆ GM workers in Brazil go on strike in protest against layoffs
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSAO PAULO, Oct 23 (Reuters) - Metalworkers at Brazilian plants of General Motors (GM.N) have voted to go on strike starting Monday in protest against layoffs carried out by the U.S.-based automaker in the country, according to a union that represents them. Neither General Motors nor the union detailed how many workers had been laid off. GM did not immediately comment on the strike but confirmed the layoffs. Reporting by Alberto Alerigi Jr. and Alexandre Caverni; Writing by Gabriel Araujo; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Rebecca Cook, dos Campos, Sao, Sao Jose dos Campos, Alberto Alerigi Jr, Alexandre Caverni, Gabriel Araujo, David Evans Organizations: General Motors, REUTERS, SAO PAULO, GM, metalworkers, Sao, Sul, Trailblazer, Motors, Thomson Locations: Detroit , Michigan, U.S, Sao Paulo, Sao Caetano, Sao Jose

☆ American Airlines orders four Embraer E175s for Envoy Air
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +3 min

American's previous deal for seven E175s, announced in June, underscored a U.S. regional aviation market recovering from rough years marked by the COVID-19 pandemic. "We maintain our optimistic view on Embraer, and believe that 2024-25 could translate into a period of a solid pipeline of deliveries." The order will take Envoy Air's fleet of E-Jets to more than 150 aircraft by the end of next year, Embraer said. The United States is the main market for the first-generation E-Jets, which Embraer dubs "the backbone" of that country's regional network. Last month, Embraer also announced a firm order for five E175s from Nigeria's Air Peace.

Persons: planemaker, Air's, Pedro Fabregas, Luxembourg's, Aerolineas Argentinas, Francisco Gomes Neto, Gabriel Araujo, Steven Grattan, Brad Haynes, Jonathan Oatis Organizations: Embraer, Reagan, SAO PAULO, American Airlines, EMBR3, Air, E1s, Santander, Jets, U.S, Nigeria's, JPMorgan, Reuters, Thomson Locations: U.S, Washington , U.S, United States

[1/2] A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The move comes more than three years after it pulled out of a billion-dollar deal to buy the commercial division of local planemaker Embraer (EMBR3.SA). Boeing sees both firms aligned in the goal of developing Brazil's aerospace ecosystem. Boeing's expansion in the South American nation led two domestic defense and aerospace industry groups to sue the U.S. company for hiring local talent, a move they see harming Brazil's industry. Both groups have Embraer as a member,Boeing defended its move, saying its presence will boost Brazil's aerospace ecosystem.

Persons: Benoit Tessier, DOS CAMPOS, Brendan Nelson, Nelson, Sao Jose dos Campos, We're, Landon Loomis, Gabriel Araujo, David Gregorio Our Organizations: Boeing, Paris, REUTERS, SAO, DOS, Embraer, EMBR3, Reuters, SAF, GOLL4, U.S ., America & Caribbean, Thomson Locations: Le Bourget, Paris, France, Brazil, U.S . Brazil, Sao Jose, Sao Paulo, American, U.S, America

☆ Brazil auto exports to plunge this year as Argentina crisis hits hard
▼ + stars: | 2023-10-06 | by ( Alberto Alerigi | ) www.reuters.com time to read: +3 min

Covered new cars are displayed during the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 7, 2018. REUTERS/Paulo Whitaker/File Photo Acquire Licensing RightsSAO PAULO, Oct 6 (Reuters) - Brazilian auto exports are set to plunge by double digits in 2023 when compared with the previous year, automaker association Anfavea said on Friday, as a severe economic crisis in neighboring Argentina hits shipments to that country. "Exports have been the major warning point for the automotive sector in the first nine months of the year," it said. According to Anfavea, the crisis in Argentina caused the country - which has in Brazil its largest trade partner - to lose its position as the No.1 destination of Brazilian auto exports to Mexico this year. In the first nine months of 2022, Anfavea said, auto exports from Brazil have already declined 11.2% from the same period a year ago.

Persons: Paulo Whitaker, Anfavea, Marcio de Lima Leite, Leite, Alberto Alerigi Jr, Gabriel Araujo, Steven Grattan, Angus MacSwan Organizations: REUTERS, SAO PAULO, Thomson Locations: Sao Paulo, Brazil, Argentina, Mexico, Chile, Colombia

☆ Metalworkers suspend strike at Embraer plant in Brazil
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

A view of a miniature airplane at the assembly line of the Embraer aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022. Sindmetal said it would pitch a new strike with workers on another shift at 3 p.m. local time (1800 GMT). The metalworkers had voted to go on strike early on Tuesday, saying they had rejected a wage offer from the company. According to the union, they had warned Embraer of the potential strike on Sept. 26 but the wage proposal was not sweetened. Negotiations between FIESP and the unions continue," Embraer said, adding that its other factories are also operating normally.

Persons: Sao Jose dos Campos, Carla Carniel, dos Campos, Sindmetal, metalworkers, FIESP, Gabriel Araujo, Andre Romani, Steven Grattan, Lisa Shumaker 私 Organizations: Embraer, REUTERS, SAO PAULO, Local, Boeing, Airbus Locations: Sao Jose, Brazil, SA, FIESP

☆ Brazil police carry out raids as part of Jan. 8 riots probe
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

Brazil's flag is reflected on a broken window, after the supporters of Brazil's former President Jair Bolsonaro participated in an anti-democratic riot at Planalto Palace, in Brasilia, Brazil, January 9, 2023. Police, according to a statement, were serving three arrest warrants and 10 search-and-seizure warrants ordered by the Supreme Court in four states - Sao Paulo, Parana, Minas Gerais and Goias. The raids represent the 17th phase of an operation launched in mid-January to identify people who participated in, funded or fostered the riots, in which a crowd invaded and ransacked the Congress, presidential palace and Supreme Court. Earlier this month, the Supreme Court voted to convict the first three people to stand trial for the riots, sentencing them each to at least 14 years in prison. Bolsonaro himself has faced a congressional inquiry surrounding the Jan. 8 insurrection and multiple police probes overseen by the Supreme Court.

Persons: Jair Bolsonaro, Ueslei Marcelino, Luiz Inacio Lula da Silva, d'état, Bolsonaro, Gabriel Araujo, Bernadette Baum 私 Organizations: REUTERS, SAO PAULO, Police, Supreme Locations: Planalto, Brasilia, Brazil, Sao Paulo, Parana, Minas Gerais, Goias

☆ Lewandowski and Cancelo strike as Barca snatch 3-2 win over Celta
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

BARCELONA, Sept 23 (Reuters) - Robert Lewandowski scored a quickfire double before Joao Cancelo sealed a last-gasp 3-2 win for Barcelona over Celta Vigo in a LaLiga clash at the Estadi Olimpic Lluis Companys on Saturday. The win provisionally moves Barcelona to the top of the league standings with 16 points from six games, one point ahead of Real Madrid who face local rivals Atletico Madrid on Sunday. We played with faith, with courage, although we were a bit sloppy at times," Barcelona manager Xavi Hernandez said. Strand Larsen nearly doubled his tally just before half-time but the Norwegian's bullet header was thwarted by Ter Stegen. Cancelo then ghosted between two Celta defenders to get on the end of Gavi's inch-perfect cross to snatch victory from the jaws of defeat and seal a fifth straight league win for Barca.

Persons: Robert Lewandowski, Joao Cancelo, Lluis Companys, Xavi Hernandez, It's, Iago Aspas, Andre ter Stegen, Jorgen Strand Larsen, Ter, Luca de la Torre, Strand Larsen, Ter Stegen, Xavi, Lamine Yamal, Ronald Araujo, Tasos Douvikas, Lewandowski, Ivan Villar, Cancelo, Aadi Nair, Clare Fallon Organizations: Barcelona, Celta Vigo, Atletico Madrid, Sunday, Celta, Royal, Real Betis, Barca, Thomson Locations: BARCELONA, Barcelona, Real Madrid, Royal Antwerp, Ter Stegen's, Bengaluru

☆ Once upon a time, the 'Disney adult' was ridiculed. Now, kidless millennials and Gen Z-ers with money to burn are packing into the parks — here's how Disney is winning them over.
▼ + stars: | 2023-09-14 | by ( Reed Alexander | ) www.businessinsider.com time to read: +22 min

Newlyweds Natalie and Brett Schwartz exchanged vows at Walt Disney World in Orlando this summer. "Our approach was to shine a light on the beautiful tapestry of people that come to Walt Disney World," Trejo said. Francis Dominic, the former parks worker turned influencer, has also been tapped to promote Disney parks and films. It's a difficult tightrope to navigate, but it could define the future of Disney parks. Are you a Disney parks or Walt Disney Co. insider?

Persons: Sarah Rachul, I'm, Rachul, Orlando —, —, Molly May, Francis Dominic, Dominic, who's, Taylor, Ron DeSantis —, Japan pavilion's Takumi, Jonathan de Araujo, it's, Tara Goldstein, Ann van Oostendorp, Disney, Van Oostendorp, Natalie Schwartz, Brett, Schwartz, Sierra Keller's, Keller, Natalie, Brett Schwartz, Jason Petrina, he's, Disney's, He's, They're, Petrina, Mickey, Chris Evans, Zoe Saldaña, What's, Wan Kenobi, Emperor Palpatine, she'd, welling, haven't, Neph Trejo, Walt, " Trejo, It's, Halle Bailey, Kent Phillips, Gaston, Jeremy Singh, I'd, Singh couldn't, he'd, Singh, they're, Patrick Dougall, Mark Eades, Eades, we've, Amanda Krause, Reed Alexander Organizations: Walt Disney, Epcot, Disney Vacation, Disney, Mouse, Disneyland, Disney Parks, Walt Disney Co, Florida Gov, Universal, Guardians, Galaxy, University of Tampa, Disney World, Honeymooners, Star Wars, Marvel, Magic, Cafe Orleans, Disney World's Hollywood Studios, Hollywood Studios, Star, Gucci, Dooney, Animal, Dole, Walt Disney World's, ABC, Getty, Management, Disney Imagineer, Disneyland Alumni Locations: Ohio, Disney, Orlando , Florida, Anaheim , California, Italy, China, Tuscany, Orlando, Florida, Disneyland Paris, Tokyo, Japan, Epcot, California, Anaheim, Belle Terrace, Hollywood

The legal team had initially set a Friday deadline. "The ball is on their court, we've been waiting for their response," said Viana, a partner at law firm Vieira Rezende Advogados. His lawyers want Hamilton, who was racing for McLaren at the time to support the claims. He is an honorary Brazilian citizen and very well liked by Brazilians, so I hope he will support us," Viana said. Despite that, Viana said Massa's legal team were confident they had a strong case and enough evidence to bring the Brazilian the championship.

Persons: Felipe Massa, Lewis Hamilton, Bernardo Viana, we've, Viana, Vieira Rezende Advogados, Hamilton, Nelson Piquet Jr, Massa, Piquet, Fernando Alonso, supremo Bernie Ecclestone, Max Mosley, Mosley, Ecclestone, Charlie Whiting, Massa's, Nick de Marco, Gabriel Araujo, Ken Ferris, Toby Davis Organizations: SAO PAULO, Reuters, Formula, FIA, Ferrari, Massa, Renault, Singapore, Prix, McLaren, Hamilton, Mercedes, supremo, Thomson Locations: Singapore, Brazilian

☆ At least 39 dead as cyclone hits Brazil's southernmost state
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

Affected houses are seen in a flooded area after an extratropical cyclone hit southern towns, in Mucum, Rio Grande do Sul, Brazil, September 6, 2023. REUTERS/Diego Vara Acquire Licensing RightsRIO DE JANEIRO, Sept 7 (Reuters) - At least 39 people have died and nine remain missing after a cyclone battered Brazil's southernmost state Rio Grande do Sul, flooding homes and swelling rivers, local authorities said on Thursday. Governor Eduardo Leite declared a state of public calamity and canceled statewide parades meant to celebrate Brazil's Independence Day on Thursday. In addition to the 39 fatalities in Rio Grande do Sul, one person died in neighboring Santa Catarina state while driving through the city of Jupia when a tree fell on their car. Independent weather forecasters MetSul and Climatempo cautioned Rio Grande do Sul is expected to receive more heavy showers on Thursday and Friday.

Persons: Diego Vara, Eduardo Leite, We've, Leite, Luiz Inacio Lula da Silva, Geraldo Alckmin, Climatempo, Rio, Pedro Fonseca, Gabriel Araujo, Josie Kao Organizations: REUTERS, DE, Roca Sales, Cruzeiro, Sul, Thomson Locations: Mucum, Rio Grande do Sul, Brazil, DE JANEIRO, Santa Catarina, Jupia, India, Sao Paulo, Rio de Janeiro, Bahia

☆ Mercosur reply on trade deal addendum already sent to EU, Brazil minister says
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Sept 6 (Reuters) - Brazil's Foreign Relations Minister Mauro Vieira said on Wednesday the Mercosur bloc of Brazil, Argentina, Paraguay and Uruguay has already sent the European Union their position on an European addendum to their long-awaited trade agreement. Mercosur's counterproposal follows a so-called side letter from the EU including environmental safeguards to address strong reservations expressed by many EU member countries about the deal, which has been under negotiation for two decades. Reporting by Gabriel Araujo; Editing by Kylie MadryOur Standards: The Thomson Reuters Trust Principles.

Persons: Mauro Vieira, counterproposal, Gabriel Araujo, Kylie Madry Organizations: SAO PAULO, Foreign, Mercosur, European Union, Thomson Locations: Brazil, Argentina, Paraguay, Uruguay

SAO PAULO, Sept 6 (Reuters) - The death toll from heavy rains in southern Brazil rose to 36, local authorities said on Wednesday, as a tropical cyclone battered and soaked the region, flooding homes and swelling rivers. Video obtained by Reuters showed rising water flooding streets and rivers and submerging houses in the small town of Mucum, in Rio Grande do Sul state. Dominguez Fontana, a 74-year-old sawmill worker who escaped the Mucum flooding, said nothing could be salvaged. The Rio Grande do Sul floods are just the latest recent natural disasters in Brazil. More than 50 people were killed in Sao Paulo state this year after massive downpours caused landslides and flooding.

Persons: Dominguez Fontana, Luiz Inacio Lula da Silva, Eduardo Leite, Lula, Geraldo Alckmin, Eduardo Simoes, Gabriel Araujo, Kylie Madry, William Maclean, David Gregorio Our Organizations: SAO PAULO, Reuters, Roca, Thomson Locations: Brazil, Mucum, Rio Grande do Sul, Sao Paulo, Petropolis, Rio de Janeiro, Bahia, Santa Catarina

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

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

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

☆ Exclusive: Brazil's Petrobras plans China subsidiary in push to boost ties, CEO says
▼ + stars: | 2023-08-31 | by ( Marta Nogueira | ) www.reuters.com time to read: +2 min

Prates said Petrobras aims to open the Chinese subsidiary next year, after getting formal approval. "It's important to them," Prates said in a phone interview during a business trip to China. "It is an interesting signal, saying that in the same way that we have a Petrobras America, we will have a Petrobras China, because both countries are equally important to us," he added. Prates said Petrobras China subsidiary would allow Petrobras to operate and participate in projects as partner even in other countries, including in Africa. Petrobras wants to increase its share of China's oil imports to 15% from the current 5% in the next 10 to 20 years, Prates said.

Persons: Sergio Moraes, Jean Paul Prates, Jair Bolsonaro, Prates, Luiz Inacio Lula da Silva, Lula, didn't, Marta Nogueira, Gabriel Araujo, Brad Haynes, David Gregorio Our Organizations: Petroleo Brasileiro S.A, REUTERS, DE, Petrobras, PETR4, Reuters, Petrobras America, White House, HK, CITIC, China Development Bank, Bank of China, Thomson Locations: Rio de Janeiro, Brazil, DE JANEIRO, SA, China, Petrobras China, United States, Beijing, Africa

☆ Privacy, market maturity hurdles facing Brazil's CBDC rollout -cenbank official
▼ + stars: | 2023-08-29 | by ( Lisa Pauline Mattackal | ) www.reuters.com time to read: +2 min

Aug 29 (Reuters) - Maintaining privacy and increasing understanding of blockchain technology are primary issues to solve before Brazil's central bank digital currency (CBDC) is ready for widespread use, the central bank's coordinator of the project said on Tuesday. Named DREX, the digital real is set for a first phase launch aimed at financial institutions in May 2024, though postponed from an initial planned launch in February. "We need to ensure that the privacy is compatible with the law," he told the Reuters Global Markets Forum. Market maturity is another important issue to solve as the central bank wants businesses to develop new use cases for the technology, Araujo said. The Atlantic Council says 130 countries are in some process of exploring a CBDC, with 21 in the pilot stage.

Persons: Fabio Araujo, Araujo, Lisa Mattackal, Divya Chowdhury, Marcela Ayers, Lincoln Organizations: Machine, Banco Central, Reuters Global Markets, Atlantic Council, Bank for International, Thomson Locations: Brazil, Mexico, Singapore, Bangalore, Mumbai

A cameraman films wreckage of the private jet linked to Wagner mercenary chief Yevgeny Prigozhin near the crash site in the Tver region, Russia, August 24, 2023. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Marina, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

Brazil's Center for Research and Prevention of Aeronautical Accidents (CENIPA), in the interests of improving aviation safety, had said it would join a Russian-led investigation if it were invited and the probe held under international rules. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Anton Vaganov, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: Police, REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

☆ Brazil's Lula wants to discuss changes to UN Security Council with Biden
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

President of Brazil Luiz Inacio Lula da Silva and President Joe Biden walk along the West Colonnade to the Oval Office at the White House in Washington, U.S. February 10, 2023. Sarah Silbiger/Pool via REUTERS/File photo Acquire Licensing RightsSAO PAULO, Aug 29 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wants to discuss the possibility of making changes to the United Nations Security Council with his U.S. counterpart Joe Biden. Lula, who has long campaigned for Brazil and other countries to be permanently included in the council, is expected to meet Biden on the sidelines of the U.N. General Assembly next month in New York. Last week, during a summit of the BRICS group of emerging nations in South Africa, the leftist leader called on fellow BRICS members China and Russia to support more countries entering the council as permanent members. The Brazilian leader added in a live broadcast on social media that BRICS members have agreed to discuss until next year's summit the possibility of establishing a common currency for trade between them.

Persons: Brazil Luiz Inacio Lula da Silva, Joe Biden, Sarah Silbiger, Luiz Inacio Lula da Silva, Lula, Biden, Gabriel Araujo, Eduardo Simoes, Kylie Madry Organizations: White, SAO PAULO, United Nations Security Council, U.S, General Assembly, Congress, Thomson Locations: Washington , U.S, Brazil, New York, South Africa, China, Russia, India, Germany, Japan

☆ Brazil's Natura mulls sale of The Body Shop
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

The logo of British cosmetics and skin care company The Body Shop is seen outside a store in Vienna, Austria, June 4, 2016. REUTERS/Leonhard Foeger Acquire Licensing RightsSAO PAULO, Aug 28 (Reuters) - Brazilian cosmetics maker Natura &Co (NTCO3.SA) said on Monday its board of directors had authorized the company to search for "strategic alternatives" for its subsidiary The Body Shop, including a potential sale of the business. The move comes after the Brazilian company in April agreed to sell its luxury brand Aesop to French cosmetics group L'Oreal (OREP.PA) at an enterprise value of $2.53 billion. Natura grew through high profile acquisitions in recent years, including the purchase of The Body Shop from L'Oreal in 2017, but has now been looking for "discipline" and deleveraging as it aims to bring back profitability. "There can be no assurance that this process will result in any transaction," Natura said in a securities filing about the potential Body Shop deal.

Persons: Leonhard Foeger, Roberto Marques, Fabio Barbosa, Gabriel Araujo, Kylie Madry Organizations: REUTERS, SAO PAULO, Natura, L'Oreal, Thomson Locations: Vienna, Austria, Brazilian, Natura

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