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Search resuls for: "Carolina Pulice"


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[1/3] Former soccer player Ronaldo de Assis Moreira (popularly known as Ronaldinho Gaucho) attends a session of the Parliamentary Commission of Inquiry (CPI) of the Financial Pyramids, at the Chamber of Deputies in Brasilia, Brazil, August 31, 2023. REUTERS/Ton Molina Acquire Licensing RightsAug 31 (Reuters) - Retired Brazilian soccer star Ronaldinho Gaucho on Thursday denied an accusation of involvement in a scam that has drawn national attention for deceiving victims with promises of profitable cryptocurrency investments. Ronaldinho said he signed a contract with the U.S. company 18k Watch Corporation in 2016 to create a line of watches bearing his image, the statement added. The same year, Ronaldinho and his brother were imprisoned in Paraguay for 171 days for using a falsified passport. The soccer star was named FIFA World Player of the Year in 2004 and 2005 and won the World Cup with Brazil in 2002 and the Champions League with Barcelona in 2006.
Persons: Ronaldo de Assis Moreira, Ronaldinho Gaucho, Ton Molina, Ronaldinho Comércio, Ronaldinho, Ricardo Silva, Carolina Pulice, Richard Chang Organizations: Parliamentary, Inquiry, REUTERS, National Congress, U.S, Watch Corporation, FIFA, Champions League, Barcelona, Reuters, Thomson Locations: Brasilia, Brazil, Brazilian, Barcelona, Paraguay
Russian authorities said Prigozhin was listed as a passenger on a private jet that crashed on Wednesday evening, killing all those onboard. Russia's TASS news agency said the plane was a Brazilian Embraer jet. Embraer (EMBR3.SA) on Wednesday said it was aware of a Legacy 600 plane crash in Russia, but that did not have further information about the case. Flightradar24 online tracker showed that the Embraer Legacy 600 (plane number RA-02795) said to be carrying Prigozhin had dropped off the radar at 6:11 p.m. local time (1511 GMT). The Legacy 600 entered service in 2002, according to International Aviation HQ, with almost 300 produced until production ceased in 2020.
Persons: Denis Balibouse, Wagner, Yevgeny Prigozhin, Prigozhin, Allison Lampert, Gabriel Stargardter, Rosalba O'Brien, Josie Kao Organizations: Embraer, European Business Aviation Convention, REUTERS, International Aviation, Russia's TASS, Brazilian Embraer, EMBR3, Thomson Locations: Geneva, Switzerland, Russia, Brazilian, Brazil, United States
[1/3] An aerial view shows trees as the sun rises at the Amazon rainforest in Manaus, Amazonas State, Brazil October 26, 2022. REUTERS/Bruno Kelly/File Photo Acquire Licensing RightsAug 23 (Reuters) - Brazilian space research center INPE said on Wednesday that carbon emissions in the Amazon forest soared in 2019 and 2020 compared to the previous decade due to poor enforcement of environmental protection policies. The forest's carbon emissions amounted to 0.44 billion metric tons in 2019 and 0.52 billion metric tons in 2020, compared to an annual average of 0.24 billion metric tons from 2010-2018, according to the INPE study published in Nature magazine. The study attributed the rise in a large part to an increase in deforestation, researcher and leader of the study Luciana Gatti said. The study relied on carbon dioxide samples collected by hundreds of research flights over the region between 2010 and 2020.
Persons: Bruno Kelly, INPE, Luciana Gatti, Luiz Inacio Lula da Silva, Jair Bolsonaro, Fernando Cardoso, Carolina Pulice, Chris Reese Organizations: REUTERS, Nature, Thomson Locations: Manaus, Amazonas State, Brazil
REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBUENOS AIRES, Aug 23 (Reuters) - Argentina's economic activity fell 4.4% in June from a year earlier, the country's official statistics agency said on Wednesday, below the expectations of a Refinitiv poll of a 4.0% drop. The country's economy has been severely hit by poor performance in the agricultural sector, which registered a 40.4% drop year-on-year according to INDEC data . "The impact of the poor performance of the agricultural sector is especially strong," said economist and director of Invenomica Pablo Besmedrisnik consulting firm. "As agriculture improves its figures, the general drop rate will moderate," consulting firm Orlando Ferreres & Asociados said in a report. Reporting by Hernan Nessi; Writing by Carolina Pulice; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.
Persons: Agustin Marcarian, Invenomica Pablo Besmedrisnik, Orlando Ferreres, Asociados, Hernan Nessi, Carolina Pulice, Isabel Woodford Organizations: REUTERS, Orlando, Thomson Locations: Azul, Argentina, BUENOS AIRES
Aug 22 (Reuters) - The former head of Brazilian retailer Americanas (AMER3.SA) quit two weeks into the job because he had not expected to take over a bankrupt firm, he told Brazilian lawmakers probing its $5 billion accounting fraud on Tuesday. Former Chief Executive Sergio Rial, who testified in a congressional investigation, resigned on Jan. 11, the same day Americanas revealed accounting inconsistencies that were later found to be fraud. I did not buy into an insolvent project," he told lawmakers, saying he had not expected Americanas' debt to exceed its assets. Rial in March testified before senators saying Americanas' previous management had created difficulties in disclosing information about the company's situation and the succession process. Reporting by Carolina Pulice and Peter Frontini; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
Persons: Sergio Rial, Rial, Americanas, Carolina Pulice, Peter Frontini, Cynthia Osterman Organizations: SA, Jan, Santander Brasil, 3G, Thomson
Aug 17 (Reuters) - Argentina's economy ministry said on Thursday it will freeze fuel prices until October 31 after an agreement with the industry as a measure to help tamp down triple-digit inflation. In a statement, the ministry said the government will cut taxes in exchange for the price freezes, but added that the tax benefits can be "taken away" if companies violate the agreement. The agreement followed a meeting between economy minister Sergio Massa and executives from oil companies such as YPF (YPFD.BA) and Vista (VIST.BA) earlier in the afternoon. The South American nation has been battling against sky-rocketing annual inflation which topped 113.4% through July, with monthly inflation set to rise again in August. Reporting by Carolina Pulice; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Sergio Massa, Carolina Pulice, Brendan O'Boyle Organizations: Thomson
A costumer counts money before buying tangerines in a green grocery store, as Argentines struggle amid rising inflation, in Buenos Aires, Argentina May 11, 2023. The move follows other price-freezing initiatives from the government to contain surging annual inflation, which topped 113% in July. Consumer prices are expected to rise further in August after Milei's shock primary win led to a sharp peso devaluation. On Thursday, the ministry announced it would freeze fuel prices until October 31 after an agreement with the industry. Reporting by Maximilian Heath; Writing by Carolina Pulice; Editing by David Alire Garcia and Diane CraftOur Standards: The Thomson Reuters Trust Principles.
Persons: Agustin Marcarian, Sergio Massa, Massa, Javier Milei, Patricia Bullrich, Maximilian Heath, Carolina Pulice, David Alire Garcia, Diane Craft Organizations: REUTERS, Economy, Peronist, Monetary, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES
Online scams in Brazil jumped 65% last year to over 200,000, according to data from the Brazilian Public Security Yearbook published last month. And across Latin America, online frauds and cyberattacks are at an "all-time high," says cybersecurity company Tenable, posing an urgent problem for a well-connected region. "Latin America is a priority target because it has a very connected population, which means that they are always exposed," said Claudio Martinelli, managing director for Latin America for Kaspersky. In a ranking of 93 countries on cyberthreat risks compiled by fraud prevention software SEON, nine of the 10 Latin American countries were ranked in the bottom half. Three Latin American countries - Honduras, Nicaragua and Venezuela - were seen among the 10 countries with the highest risks for cyberthreats.
Persons: Dado Ruvic, Gabriella Batalha didn't, Batalha, Kerry, Ann Barrett, Barrett, Claudio Martinelli, SEON, Tenable, Ransomware, Marcos Simplicio, Carolina Pulice, Brendan O'Boyle, Nick Macfie Organizations: REUTERS, MEXICO CITY, YouTube, Brazilian Public Security, International Telecommunication Union, Organization of American States, America, Kaspersky, Costa, University of Sao, Thomson Locations: MEXICO, Instagram, Rio de Janeiro, Brazil, America, Latin America, Caribbean, Peru, Mexico, Honduras, Nicaragua, Venezuela, University of Sao Paulo
Frederick Wassef, lawyer representing Brazil's President Jair Bolsonaro and Senator Flavio Bolsonaro, attends an inauguration ceremony at the Planalto Palace, in Brasilia, Brazil June 17, 2020. The search warrant issued by Supreme Court Justice Alexandre de Moraes followed police allegations that Bolsonaro's aides used government resources for their personal advantage. The decision by Moraes, seen by Reuters, said proceeds of the sales were delivered in cash to Bolsonaro via intermediaries. The raids follow an investigation into jewelry worth some $3 million given by the Saudi Arabian government as a presidential gift to Bolsonaro, which he failed to declare. The police investigation has established that Bolsonaro aides tried to recover the Saudi jewelry given to then-first lady Michelle Bolsonaro after it was seized in October 2021 in Sao Paulo by customs officials, who found the gems in an aide's backpack when he entered Brazil from Riyadh.
Persons: Frederick Wassef, Jair Bolsonaro, Flavio Bolsonaro, Adriano Machado, Alexandre de Moraes, Moraes, Mauro Cesar Cid, Bolsonaro's, Col Mauro Cid, Wassef, Mauro Cid, Cid, Bolsonaro, Michelle Bolsonaro, Ricardo Brito, Maria Carolina Marcelo, Rodrigo Viga Gaier, Carolina Pulice, Anthony Boadle, Brad Haynes, Rosalba O'Brien Organizations: REUTERS, RIO DE, Supreme, Federal Police, Reuters, Thomson Locations: Brasilia, Brazil, BRASILIA, RIO, RIO DE JANEIRO, Bahrain, Bolsonaro's, Saudi, Sao Paulo, Riyadh, Brasiia, Rio de Janeiro
QUITO, Aug 9 (Reuters) - Ecuador presidential candidate Fernando Villavicencio, a vocal critic of corruption and organized crime, was killed on Wednesday evening during a campaign event in northern Quito, authorities said. The violence injured nine other people, including a candidate for the legislature and two police officers. [1/5]Ecuadorean presidential candidate Fernando Villavicencio speaks during a campaign rally in Quito, Ecuador August 9, 2023. This vile act will not go unpunished!," presidential candidate Luisa Gonzalez, who is running for Correa's party, said on X.Indigenous candidate Yaku Perez said he had decided to suspend his presidential campaign and demanded the violence stop in a video posted after the incident. May God have him in his glory," presidential hopeful Jan Topic said on X, before also suspending his campaign.
Persons: Fernando Villavicencio, Villavicencio, Guillermo Lasso, Construye, Karen Toro Villavicencio, Rafael Correa, Correa, Luisa Gonzalez, Yaku Perez, Otto Sonnenholzner, God, Jan, Alexandra Valencia, Valentine Hilaire, Isabel Woodford, Julia Symmes Cobb, Lincoln Organizations: Local, Interior Ministry, Albanian, Manta, REUTERS, Lasso, Thomson Locations: QUITO, Ecuador, Quito, Andean, Chimborazo, Alausi, Peru, Belgium, Carolina
A mother and calf vaquita, a critically endangered small tropical porpoise native to MexicoÕs Gulf of California, surface in the waters off San Felipe, Mexico in this handout picture taken in 2008. Paula Olson/NOAA Fisheries/Handout via REUTERS/ File PhotoMEXICO CITY, Aug 7 (Reuters) - The International Whaling Commission (IWC) said on Monday it has issued an extinction alert for the endangered vaquita porpoise, whose population is estimated to have shrunk to less than a dozen, marking the institution's first-ever extinction warning. The critically endangered vaquita, the world's smallest porpoise and native to Mexico's Gulf of California, has been imperiled by illegal gill net fishing for an endangered fish called the totoaba, whose bladder is highly valued in Asia. The alert, the IWC said, stems from its belief that a new mechanism is needed "to voice extinction concerns for an increasing range of cetacean species and populations." "The extinction of the vaquita is inevitable unless 100% of gillnets are substituted immediately with alternative fishing gears that protect the vaquita and the livelihoods of fishers," it said.
Persons: Paula Olson, Matthew Lewis Organizations: NOAA Fisheries, REUTERS, Whaling Commission, IWC, U.S, Carolina, Thomson Locations: MexicoÕs Gulf of California, San Felipe, Mexico, MEXICO, Mexico's Gulf of California, Asia, U.S
A man is reflected in an Itau branch window in Rio de Janeiro, Brazil April 29, 2019. REUTERS/Sergio Moraes/File PhotoSAO PAULO, Aug 7 (Reuters) - Brazilian lender Itau Unibanco (ITUB4.SA) reported a 14% increase in second-quarter net profit from a year earlier, beating expectations, while also keeping default rates stable, the bank said in a securities filing on Monday. Latin America's biggest private sector lender posted recurring net profit of 8.74 billion reais ($151 million) during the April-to-June period, while analysts polled by Refinitiv expected 8.63 billion reais. Delinquency, measured by a 90-day default ratio, came in at 3.0%, essentially flat compared to the first quarter. Credit costs during the quarter grew 25% from a year earlier to reach 9.44 billion reais, as the lender set aside more money for customers defaulting on loans.
Persons: Sergio Moraes, Itau, Alexsandro Broedel, Peter Frontini, Carolina Pulice, David Alire Garcia, David Gregorio, Kim Coghill Organizations: REUTERS, SAO PAULO, Citi, Santander, Bradesco, Thomson Locations: Rio de Janeiro, Brazil
Amazon set to launch credit card in Brazil with Bradesco
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Christian HartmannSAO PAULO, Aug 4 (Reuters) - Amazon.com (AMZN.O) will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco Bradesco SA (BBDC4.SA), the bank's chief executive said on Friday, as the ecommerce giant pushes to expand its fintech offering. The launch is set for next Tuesday, according to CEO Octavio de Lazari Junior, adding that the bank will manage the card's credit risk, and the card will be powered by Mastercard (MA.N). Amazon's Brazil Country Manager, Daniel Mazini, said in a note that the company is always "looking for opportunities" to improve the shopping experience of customers in Brazil. The credit card offers comes at a time the country sees its interest rate starting a downward cycle and government programs to boost consumption. Amazon also has a credit card offering in the U.S., where it partners with JPMorgan Chase.
Persons: Christian Hartmann, Octavio de Lazari, Daniel Mazini, Alberto Alerigi Jr, Isabel Woodford, Carolina Pulice, Sandra Maler Organizations: REUTERS, Christian, Christian Hartmann SAO PAULO, Banco Bradesco SA, Mastercard, Brazil, JPMorgan Chase, Thomson Locations: Boves, Amiens, France, Brazil, U.S
CARACAS, Aug 3 (Reuters) - The Venezuelan bolivar weakened to 30 units per dollar, the central bank said on Thursday, marking the latest descent for the beleaguered local currency as the economy suffers one of the world's highest inflation rates. Over the past seven months, the bolivar has depreciated by a third compared with the U.S. dollar, according to analysts consulted by Reuters. They have also tried to make foreign currency more readily available to local banks, but the strategies have not tamed the country's galloping inflation rate. Since early this year, the central bank has offered local banks about $1 billion, according to local firm Sintesis Financieras. Meanwhile, U.S.-based oil major Chevron (CVX.N), which operates in the country, has posted foreign currency sales of around $400 million from February to July.
Persons: Venezuelan bolivar, bolivar, Nicolas Maduro, Maduro's, Sintesis, Maduro, Mayela Armas, Carolina Pulice, David Alire Garcia, Leslie Adler Organizations: U.S ., Reuters, Thomson Locations: CARACAS, Venezuelan, U.S, Chevron
The bank's rate-setting committee Copom cut its Selic policy rate to 13.25%, as just 10 of 46 economists surveyed by Reuters had anticipated. Although Wednesday's policy decision was closely divided, Copom's policy statement signaled a shared outlook to keep up the pace of rate cuts in coming months. Wednesday's rate decision reflected a split among board members, with five votes in favor of the 50-basis-point cut and four votes for a more modest 25-basis-point cut. Finance Minister Fernando Haddad had called for a rate cut of 50 basis points earlier on Wednesday. Brazil's inflation target is 3% for both years.
Persons: we'd, William Jackson, Luiz Inacio Lula da Silva's, Roberto Campos Neto, Lula, Campos Neto, Fernando Haddad, Haddad, Copom, Peter Frontini, Marcela Ayres, Brad Haynes, Diane Craft Organizations: SAO PAULO, Reuters, Capital Economic, Finance, Fitch, Carolina, Thomson Locations: Brazil
The company, with presence in over 18 countries across Latin America, saw its net revenue rise 57.3% in constant currency to $3.4 billion. Over the quarter, MercadoLibre said it added 8.1 million new users across its operations, bringing its total active user base to 108.6 million. Total payment volume jumped 96.6% in constant currency to $42 billion. MercadoLibre said that a total of 318.5 million items were shipped across Latin America in the quarter, marking a 20.6% growth year-on-year. Gross merchandise volume (GMV), a key metric in the e-commerce industry, was up 47.2% in constant currency to hit $10.5 billion.
Persons: MercadoLibre, Mercado, Pedro Arnt, Arnt, Gross, Andre Romani, Carolina Pulice, Brendan O'Boyle Organizations: SAO PAULO, Mercado Pago, Thomson Locations: Latin America, Brazil, Mexico, America
Brazil's Petrobras to trim dividends under new policy
  + stars: | 2023-07-29 | by ( Peter Frontini | ) www.reuters.com   time to read: +1 min
SAO PAULO, July 28 (Reuters) - Brazilian state-run oil firm Petrobras' (PETR4.SA) board of directors on Friday approved a new shareholder remuneration policy that will trim its hefty dividend and allow share buybacks, according to a securities filing. Under the new policy, Petrobras' quarterly dividend will have to be at least 45% of its free cash flow, down from the current 60%, when the firm's gross debt is below $65 billion. In 2022, Petrobras paid a total of 215.8 billion reais to its shareholders, including the Brazilian government, which holds a controlling stake in the firm. Petrobras will announce its second-quarter dividends and earnings on Aug. 3 after the market closes. Reporting by Carolina Pulice and Peter Frontini; Editing by Brendan O'Boyle and Kylie MadryOur Standards: The Thomson Reuters Trust Principles.
Persons: Jean Paul Prates, Carolina Pulice, Peter Frontini, Brendan O'Boyle, Kylie Madry Organizations: SAO PAULO, Petrobras, SA, Reuters, Thomson
MEXICO CITY, July 27 (Reuters) - Walmart's Mexico and Central America unit on Thursday posted a 5% year-on-year rise in its second-quarter net profit, boosted by slightly higher sales especially in June, though earnings were slightly behind forecasts. Walmart de Mexico (WALMEX.MX), the largest retailer in Mexico, posted a net profit of 11.44 billion pesos ($668 million). The company posted a profit of 0.66 pesos a share, just below the Refinitiv estimate of 0.69 pesos. Same-store sales increased 8.5% in Mexico and 9.5% in Central America, and the firm expanded its physical footprint with 22 new stores in Mexico. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter rose 8.5% to 21.9 billion pesos.
Persons: Paulo Garcia, Guilherme Loureiro, Monex, Loureiro, Carolina Pulice, Noe Torres, Kylie Madry, Lincoln, Christopher Cushing Organizations: MEXICO CITY, Central America, Walmart, America, Thomson Locations: MEXICO, Mexico, Central, Central America
Ecuador declares state of emergency amid violent clashes
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +2 min
Lasso declared the state of emergency in the provinces of Manabi and Los Rios and in the city of Duran, near Guayaquil, after Agustin Intriago, the mayor of coastal city Manta, was shot dead on Sunday. It also comes on the back of riots over the weekend in the prison Penitenciaria del Litoral, in Guayaquil, involving clashes between gangs inside the prison. Lasso has frequently resorted to declaring states of emergency as Ecuador struggles with prison riots and waves of violence throughout the country. The state of emergency will last for 60 days in the provinces, while the curfew will vary during that period, the government said. Reporting by Alexandra Valencia; Writing by Carolina Pulice; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
Persons: Guillermo Lasso, Karen Toro, Lasso, Agustin Intriago, del, Prisoners, Alexandra Valencia, Carolina Pulice, Sonali Paul Organizations: National Assembly, REUTERS, Monday, Rios, United Nations, Inter, American, Human Rights, Thomson Locations: Quito, Ecuador, QUITO, Manabi, Duran, Guayaquil, Cotopaxi, El Oro, Napo
MEXICO CITY, July 20 (Reuters) - Mexico's Grupo Financiero Banorte (GFNORTEO.MX) reported on Thursday a 14% increase in second-quarter net profit, hitting 13.09 billion pesos ($764.68 million) on better results in its insurance and annuities and trading units. Revenue for the group, which owns one of the country's largest banks and pension funds, totaled 33.06 billion pesos in the quarter, up 19% from a year earlier. The bank's performing loan book saw a 12% bump from the year-ago period, with double-digit growth in nearly all divisions. Loan-loss previsions, however, also jumped 66% from the year-ago period to 4.04 billion pesos, with cost of risk shooting up to 1.66% from 1.13%. Banorte will also grow by some 1,300 account managers in the next few months in its business and corporate sectors, Ramirez said.
Persons: Banorte, Marcos Ramirez, Ramirez, Carolina Pulice, Kylie Madry, Stephen Coates Organizations: MEXICO CITY, Financiero, Thomson Locations: MEXICO
MEXICO CITY, July 11 (Reuters) - Brazilian financial technology company Ebanx said on Tuesday it has signed a deal to partner with digital bank Nubank to offer more payment services for customers as it tries to consolidate and expand operations in Latin America. Ebanx will now offer corporate customers the option of paying via NuPay, an alternative payment method developed by Nubank for international purchases. Alternative payment methods have helped drive the growth of e-commerce in Latin America and already account for 39% of the total digital commerce volume in the region, Ebanx said. In April last year, Ebanx announced a partnership with digital commerce platform VTEX (VTEX.N) to enable cross-border payments to Brazilian companies operating in Latin America. Ebanx also plans to kick off operations in eight African countries by the end of the year, the company said in a statement.
Persons: Ebanx, Paula Bellizia, Matthew Lewis Organizations: MEXICO CITY, Nubank, Reuters, Carolina, Thomson Locations: MEXICO, Latin America, NuPay, Mexico
QUITO, July 10 (Reuters) - Nearly a sixth of the inmates in Ecuador's prisons have not been sentenced, a national census showed on Monday, as President Guillermo Lasso urged the judicial system to be speedier to help ease the burden on overcrowded jails. That figure is above the 30,134 prisoner capacity that prisons agency SNAI said the 36-prison system had in December 2022. Ecuador's prison system has faced structural problems for decades, amid overcrowding and precarious living conditions for inmates, but riots have become increasingly common, killing more than 400 prisoners since late 2020. The government has attributed prison violence to fighting between criminal groups for control of prisons and drug trafficking routes. Prisoners have complained about the quality of the basic services and supply of food, the census also showed.
Persons: Guillermo Lasso, Lasso, SNAI, Alexandra Valencia, Carolina Pulice, Jamie Freed Organizations: Inter, American, Human Rights, Thomson Locations: QUITO
BUENOS AIRES, July 7 (Reuters) - Expectations for galloping consumer prices in Argentina remain solidly in triple-digit territory, a monthly analyst poll showed on Friday, though the forecast edged down slightly compared with last month's survey. Analysts polled by the South American country's central bank forecast annual inflation this year at 142.4%, below the 148.9% seen in the bank's previous poll. Sky-high inflation has hammered Argentina's slumping economy, as the ranks of the poor swell and the peso currency steadily weakens. Monthly inflation in May clocked in at 7.8%, according to the national statistics agency. By 2024, the analysts see the annual rate of rising consumer prices edging down to 105%.
Persons: Argentina's, Maximilian Heath, Carolina Pulice, David Alire Garcia, Leslie Adler Organizations: South, Sky, Argentine, Thomson Locations: BUENOS AIRES, Argentina
SAO PAULO, July 6 (Reuters) - Deforestation in Brazil's Amazon fell 34% in the first half of 2023, preliminary government data showed on Thursday, hitting its lowest level in four years as President Luiz Inacio Lula da Silva institutes tougher environmental policies. But that's an area more than three times the size of New York City, underscoring the challenge Lula faces to eliminate deforestation entirely. "It's very positive, but we continue to have very high levels of deforestation," said Daniel Silva, an analyst at nonprofit WWF-Brasil. An aerial view shows a deforested area during an operation to combat deforestation near Uruara, Para State, Brazil January 21, 2023. In June alone, Inpe satellite data showed deforestation totaled 663 sq km, down 41% from the same month a year ago.
Persons: Luiz Inacio Lula da Silva, Inpe, Lula, Daniel Silva, Jair Bolsonaro, Ueslei Marcelino, Marina Silva, Silva, Joao Paulo Capobianco, Carolina Pulice, Jake Spring, Gabriel Araujo, Sandra Maler Organizations: SAO PAULO, WWF, Brasil, REUTERS, Environment Ministry, Thomson Locations: New York City, Uruara, Para State, Brazil
BRASILIA, July 7 (Reuters) - Brazil's lower house of Congress approved on Friday the main text of a tax reform that will restructure the country's complex consumption taxes, a move President Luiz Inacio Lula da Silva touted as a "great victory". The bill will now be sent to the Senate, where it will also be voted on in two rounds. "Brazil will have its first tax reform of the democratic period ... We are working towards a better future for everyone." Markets reacted positively to the lower house approval, with Brazil's real strengthening more than 1% against the dollar, while benchmark stock index Bovespa (.BVSP) jumped 1.65%. 'A NECESSITY'The lower house approved the reform by 382-118 in the first round of voting held late on Thursday.
Persons: Luiz Inacio Lula da Silva, Lula, Fernando Haddad, Haddad, Rodrigo Pacheco, Arthur Lira, Jair Bolsonaro, Maria Carolina Marcello, Carolina Pulice, Gabriel Araujo, Michael Perry, Devika Syamnath, Alistair Bell Organizations: Lawmakers, Senate, Markets, JPMorgan, Finance, Workers ' Party, Thomson Locations: BRASILIA, Brazil
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