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The U.S. consumer agency, which enforces federal antitrust law, and 17 states filed their lawsuit against Amazon in Seattle federal court on Tuesday, asking a U.S. judge to consider an injunction and other penalties to combat alleged unlawful conduct. The FTC's lawsuit is related to but broader than a series of private consumer cases filed in recent years against Amazon that are pending in the same U.S. federal court. The private antitrust cases offer an early window into some of the legal arguments Amazon could be expected to make to challenge the FTC's lawsuit. Generally speaking, U.S. judges are "wary of using antitrust law to punish low-pricing behavior," said antitrust scholar Sean Sullivan of the University of Iowa's law school. Sullivan said it is not always a clear line between "good low pricing" — based on market competition — and "bad low pricing" that helps a company acquire or maintain market power.

Persons: Mike Segar, David Balto, Diane Hazel, Foley, Lardner, Hazel, Tom Cotter, David Zapolsky, Zapolsky, Lina Khan, Ricardo Martinez, Martinez, George W, Bush, Sean Sullivan, Sullivan, Mike Scarcella, Leigh Jones Organizations: REUTERS, U.S . Federal Trade, Amazon.com, Amazon, Reuters, FTC, U.S, University of Minnesota Law School, District, University of, Thomson Locations: Manhattan, New York City, U.S, Seattle, Washington, Mt, Rainier

☆ Amazon.com faces an array of US consumer, state antitrust lawsuits
▼ + stars: | 2023-09-26 | by ( Mike Scarcella | ) www.reuters.com time to read: +5 min

In the California case, Judge Ethan Schulman in San Francisco Superior Court in March ruled against Amazon's bid to dismiss the lawsuit. CONSUMERS' PRICE INFLATION CLAIMSAmazon faces a pair of consumer lawsuits in Seattle federal court. The consumer plaintiffs, Chun wrote, "allege the type of conduct that antitrust law is intended to prevent." E-BOOKSIn Manhattan federal court, a prospective class action from consumers accuses Amazon of artificially inflating the price of retail trade e-books on the site. U.S. District Judge Gregory Woods has not yet ruled on objections from Amazon and the plaintiffs to Figueredo's report and recommendation.

Persons: Benoit Tessier, Rob Bonta, Ethan Schulman, Amazon's, Schulman, Richard Jones, Jones, John Chun, —, Chun, Ricardo Martinez, Valerie Figueredo, Gregory Woods, Mike Scarcella, Chris Sanders, Matthew Lewis Organizations: REUTERS, U.S . Federal Trade Commission, Amazon.com, Big Tech, FTC, GENERAL, District of Columbia, Walmart, Costco, Amazon, San Francisco Superior Court, District, U.S, Thomson Locations: Bretigny, Paris, France, CALIFORNIA, WASHINGTON, GENERAL California, District, Washington ,, California, Columbia, San Francisco, Seattle, U.S, Maryland, Manhattan, Washington

☆ Up in the Air: Brazilian Firefighters Make Unusual Trip to Salvage Organ Transplant
▼ + stars: | 2023-09-26 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

RIO DE JANEIRO (Reuters) - When it comes to organ transplants, every second counts. But without immediate communication with Oliveira, firefighters decided to pick him up directly. "He would have lost this organ if he had not gotten to the hospital in time," firefighter spokesperson Major Fabio Contreiras said. Oliveira was able to arrive in time to the hospital and his surgery succeeded. "It was a huge mix of emotions, I didn't know whether to laugh, whether to cry, whether to believe," Oliveira said.

Persons: Ricardo Medeiros de Oliveira, Oliveira, Fabio Contreiras, Sergio Queiroz, Carolina Pulice, Jamie Freed Organizations: RIO DE, Reuters Locations: RIO DE JANEIRO, Rio de Janeiro

☆ Up in the air: Brazilian firefighters make unusual trip to salvage organ transplant
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Patient Ricardo Medeiros de Oliveira reacts after a kidney transplant at the hospital Santa Casa de Juiz de Fora, state of Minas Gerais, Brazil September 25, 2023. REUTERS/Michelle Cafiero Acquire Licensing RightsRIO DE JANEIRO, Sept 26 (Reuters) - When it comes to organ transplants, every second counts. But without immediate communication with Oliveira, firefighters decided to pick him up directly. "He would have lost this organ if he had not gotten to the hospital in time," firefighter spokesperson Major Fabio Contreiras said. Reporting by Sergio Queiroz; Writing by Carolina Pulice; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Ricardo Medeiros de Oliveira, Michelle Cafiero, Oliveira, Fabio Contreiras, Sergio Queiroz, Carolina Pulice, Jamie Freed Organizations: REUTERS, DE, Thomson Locations: de Fora, Minas Gerais, Brazil, DE JANEIRO, Rio de Janeiro

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsSummaryCompanies CNIL's checks took place on WednesdayWorldcoin is new project of ChatGPT founderPARIS, Aug 31 (Reuters) - France's data watchdog carried out "checks" at Worldcoin's Paris office this week, amid global regulatory pressure on the digital currency firm co-founded by ChatGPT-founder Sam Altman. France's CNIL watchdog said in July it was investigating Worldcoin as the legality of its biometric data "seemed questionable". "Checks took place at the Worldcoin offices," a CNIL spokesperson said on Thursday, confirming an earlier Politico report that the visit took place on Wednesday. Worldcoin requires users to provide their iris scans in exchange for a digital ID and, in some countries, in exchange for free cryptocurrency. The Worldcoin Foundation, a Cayman Islands-based entity, told Reuters via email: "The team at Worldcoin welcomes any opportunity to address questions regarding the project’s purpose and technology."

Persons: Ricardo Macieira, Annegret, PARIS, Sam Altman, France's, Worldcoin, Sudip Kar, Martin Coulter, Alexander Smith, Mark Potter Organizations: REUTERS, ChatGPT, Politico, Worldcoin, Worldcoin Foundation, Microsoft, Thomson Locations: Europe, cryptocurrency, Berlin, Germany, Worldcoin's, Cayman Islands, London

☆ This Ugandan earns a bonus for each person he gets to sign up for Sam Altman's eyeball-scanning crypto project
▼ + stars: | 2023-08-24 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

The business-to-business software firm, which has a market cap of $11.5 billion, gave users the option of logging in with their World ID beginning in June. Social media app Discord also uses World ID for verification. But ultimately, the foundation envisions a future where a World ID could be used to facilitate nationwide votes, among other use cases involving banking and e-commerce. Ava Labs president John Wu tells CNBC that the self-custody feature of the Worldcoin ID is also critical. Despite his concerns, Mwangi ultimately chose to enroll in the project because he believed in the wider mission of the World ID.

Persons: Keneth Byarugaba, Byarugaba, Namureba Abel, Abel, Muvya Muthama, Muthama, Sam Altman, Peter Mwangi, I'm, Mwangi, They're, Worldcoin, John Wu, Wu, Ricardo Macieira, Annegret Hilse, hasn't, Byarugaba indoctrinates, it's, isn't, CNBC's Jordan Smith Organizations: Worldcoin, CNBC, cryptocurrency, Social, FBI, Reuters Locations: Uganda, Kampala, Nairobi, Kenya, web3, Chile, Europe, Berlin

The London Metal Exchange (LME) three-month copper price has been oscillating in a $7,800-8,870 per metric ton range since May as old and new price drivers compete. The gyration in net positioning is partly a reflection of copper's own choppy range-trading with many black box funds configured to react to changes in directional momentum. Money managers have lifted outright short positions on CME copper to 69,707 contracts, the largest collective bear bet on lower prices since early 2020. The net short position of 18,127 contracts is a sign the bears are in the ascendancy. The key takeaway from speculative positioning on both U.S. and London markets is that fund players are betting bigger on copper.

Persons: Ricardo Moreno, San Pedro de Barva, Juan Carlos Ulate, Long, Copper, David Evans Organizations: REUTERS, London Metal Exchange, CME, Zhongrong International, Co, Fund, Thomson, Reuters Locations: San Pedro, Costa Rica, China, Beijing, London, United States, Europe

☆ Brazil's Lula discussed with Biden climate change, job creation initiative
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

Brazil's President Luiz Inacio Lula da Silva speaks during the launch ceremony of Growth Acceleration Program (PAC) at Rio de Janeiro's Municipal Theater, Brazil, August 11, 2023. REUTERS/Ricardo Moraes/File Photo Acquire Licensing RightsBRASILIA, Aug 16 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Wednesday he discussed with U.S. President Joe Biden efforts to fight climate change, as well as the outcome of a summit of rainforest nations held in Brazil last week. In a post on social media platform X, formerly known as Twitter, Lula said he and Biden spoke by phone and also discussed a joint initiative between the countries to create jobs that should be launched soon. The presidents discussed "ongoing efforts to help mobilize up to $1 billion to support the restoration of degraded lands in Brazil and the Amazon region." Reporting by Lisandra Paraguassu; Writing by Peter Frontini; Editing by Chris Reese and Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Ricardo Moraes, Joe Biden, Lula, Biden, Lisandra Paraguassu, Peter Frontini, Chris Reese, Brendan O'Boyle Organizations: Rio de, REUTERS, Rights, U.S, Twitter, White House, U.S ., Amazon Fund, Thomson Locations: Rio, Brazil, Rights BRASILIA, Venezuela, Haiti

☆ Brazil launches 'growth acceleration' plan set to invest $350 billion
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

A general view of the Copa Cabana beach during Independence Day celebrations, in Rio de Janeiro, Brazil September 7, 2022. But the government said its new version would be marked by a strong partnership between the public and private sectors, with more than 1.3 trillion reais estimated to be disbursed by 2026. According to a statement, 371 billion reais are set to be invested by the federal government, while state-owned firms such as oil giant Petrobras (PETR4.SA) would inject 343 billion. The private sector, it added, is seen investing a total 612 billion reais, added. Sao Paulo, the country's wealthiest and most populous state, comes second with an estimated 179.6 billion reais being invested in major infrastructure projects.

Persons: Ricardo Moraes, Luiz Inacio Lula da Silva, Lula, Dilma Rousseff, Sao, Rodrigo Viga Gaier, Gabriel Araujo, Steven Grattan, Frances Kerry Organizations: Copa Cabana, REUTERS, Brazil's, Petrobras, PETR4, Sao Paulo, Paulo, Thomson Locations: Rio de Janeiro, Brazil, JANEIRO

☆ Brazil's Lula unveils $350 bln 'growth acceleration' plan
▼ + stars: | 2023-08-11 | by ( Rodrigo Viga Gaier | ) www.reuters.com time to read: +3 min

A general view of the Copa Cabana beach during Independence Day celebrations, in Rio de Janeiro, Brazil September 7, 2022. Critics say it incurred excessive spending, exacerbating Brazil's fiscal crisis, while failing to bring fundamental advances in infrastructure. The government did not immediately detail the fiscal impact of the initiative, or give a specific time frame for the plan. Yet Lula is under pressure to deliver much-needed growth to poor, under-developed regions and he wants Petrobras to be an engine of growth. "We'll accelerate growth in our country and help stop degradation of our planet," Haddad said in a speech.

Persons: Ricardo Moraes, Luiz Inacio Lula da Silva, Dilma Rousseff, Staff Rui Costa, Lula, Jair Bolsonaro, Fernando Haddad, Haddad, Rodrigo Viga Gaier, Gabriel Araujo, Steven Grattan, Anthony Boadle, Kirsten Donovan Organizations: Copa Cabana, REUTERS, Staff, Petrobras, PETR4, Finance, Sao Paulo, Thomson Locations: Rio de Janeiro, Brazil, JANEIRO, Sao

Worldcoin says 2.2 million have signed up, mostly during a trial period over the last two years. Worldcoin raised $115 million from venture capital investors including Blockchain Capital, a16z crypto, Bain Capital Crypto and Distributed Global in a funding round in May. Macieira said Worldcoin would continue rolling out operations in Europe, Latin America, Africa and "all the parts of the world that will accept us." "The idea is that as we build this infrastructure and that we allow other third parties to use the technology." Michael Will, president of the Bavarian regulator, said it would look into whether Worldcoin's system is "safe and stable".

Persons: Medha Singh, Sam Altman, Worldcoin, Ricardo Macieira, Macieira, Michael Will, Will, Rainer Rehak, Web3, Nette Noestlinger, Matthias Baehr, Elizabeth Howcroft, Tomasz Janowski Organizations: WorldCoin, REUTERS, Reuters, Co, Humanity, Blockchain, Bain Capital Crypto, Companies, Bavarian State Office, Data Protection, Union, Weizenbaum Institute, Worldcoin Foundation, Thomson Locations: Bengaluru, India, Britain, France, Germany, Europe, San Francisco, Berlin, Latin America, Africa, Japan, Bavarian, blockchain, Cayman Islands

☆ Panama's ex-President Martinelli sentenced to over 10 years in prison
▼ + stars: | 2023-07-18 | by ( Elida Moreno | ) www.reuters.com time to read: +1 min

PANAMA CITY, July 18 (Reuters) - A Panamanian court sentenced former President Ricardo Martinelli to more than 10 years in prison for money laundering, the attorney general's office said on Tuesday, threatening the front-runner's bid to for a new term next year. A survey published in May by polling firm Campaigns & Elections Mexico put Martinelli as the front-runner, followed by former President Martin Torrijos. The court imposed a $19.2 million fine on Martinelli, judicial authorities said in a statement. The former president's spokesperson Luis Camacho said his team will analyze what he called a legal attack on Martinelli. Reporting by Elida Moreno; Writing by Valentine Hilaire; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Ricardo Martinelli, Carlos Carrillo, Ricardo Martinelli Berrocal's, Carrillo, Elections Mexico, Martinelli, Martin Torrijos, Luis Camacho, Elida Moreno, Valentine Hilaire, Richard Chang Organizations: PANAMA CITY, Elections, United, Thomson Locations: PANAMA, United States

☆ Mexico foreign minister's departure primed to spark more resignations
▼ + stars: | 2023-06-07 | by ( Dave Graham | ) www.reuters.com time to read: +2 min

Interior Minister Adan Augusto Lopez also plans to resign next week to focus on his own presidential bid, two government sources told Reuters. If MORENA's board decides that on Sunday, then interior minister Lopez and Mexico City Mayor Claudia Sheinbaum, two other top contenders, would need to resign, Lopez Obrador said at a regular press conference. Lopez Obrador made the remark after observing that more contenders could follow Ebrard's lead in the next few days. Supporters of Ebrard argue his post does not allow him to focus as much on domestic issues as Sheinbaum and Lopez. Lopez Obrador did not immediately name a replacement for Ebrard, who is due to step down next Monday.

Persons: Andres Manuel Lopez Obrador, Marcelo Ebrard, Ebrard, Lopez Obrador, Adan Augusto Lopez, Mario Delgado, Lopez, Mexico City Mayor Claudia Sheinbaum, Ricardo Monreal, MORENA, Dave Graham, Diego Ore, Stefanie Eschenbacher, Matthew Lewis, David Gregorio, Grant McCool Organizations: MEXICO CITY, Foreign, Regeneration, Reuters, Mexico City Mayor, Thomson Locations: MEXICO, Ebrard

☆ Panama ex-President Martinelli chosen as RM candidate for elections
▼ + stars: | 2023-06-05 | by ( Elida Moreno | ) www.reuters.com time to read: +1 min

PANAMA CITY, June 4 (Reuters) - Panama's former President Ricardo Martinelli was on Sunday chosen as the presidential candidate for his party Realizando Metas (RM) in next year's elections. Martinelli - along with his sons - is also charged in Panama for his alleged involvement in laundering millions of dollars in bribes from Brazilian construction company Odebrecht. "The only way to get me out of the presidential race is by impeachment ... they're going to have to kill me," Martinelli said. The Untied States has barred Martinelli from entering the North American country, with U.S. Secretary of State Antony Blinken accusing him of accepting bribes. Reporting by Elida Moreno Writing by Oliver Griffin Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Ricardo Martinelli, Realizando, Martinelli, Antony Blinken, Elida Moreno, Oliver Griffin, Shri Navaratnam Organizations: PANAMA CITY, U.S, Thomson Locations: PANAMA, Panama, American

☆ Buffett-backed Nubank has AI investments as 'great priority', CEO says
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] Nubank CEO David Velez talks on stage during the opening of the Web Summit technology conference, in Rio de Janeiro Brazil May 1, 2023. REUTERS/Ricardo MoraesSAO PAULO, May 18 (Reuters) - Investments in artificial intelligence are a "great priority" for Brazilian digital lender Nubank , Chief Executive David Velez said on Thursday, adding that the firm expects to demonstrate it soon as it pushes for expansion. "Five years from now you'll be talking to Nubank in your self-driving car, you'll be talking to Nubank in your home," Velez told reporters. Nubank debuted on the New York Stock Exchange in late 2021 raising nearly $2.6 billion. She added Nubank also sees growth opportunity in Mexico as "much bigger" than in Brazil at the moment.

☆ Bolivia takes control of Banco Fassil, executives arrested
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

LA PAZ, April 26 (Reuters) - Bolivia's government took control of one of the country's largest banks, Banco Fassil, a senior government financial official said on Wednesday, and police arrested several executives for alleged mismanagement. "Mismanagement, unhealthy practices have caused a crisis," the executive director of Bolivia's Financial System Supervision Authority (ASFI), Reynaldo Yujra, told reporters in the city of Santa Cruz. Dozens of police were stationed at Banco Fassil's 185 branches across Bolivia on Wednesday, authorities said. Banco Fassil President Ricardo Mertens, General Manager Jorge Arturo Chávez and another executive, Hernan Suarez, were arrested late Tuesday, while a fourth, Hermes Saucedo, turned himself in early Wednesday morning, according to the Santa Cruz attorney general's office. "The financial system in general is in good health.

☆ Chile’s plan for state control in lithium dismays business
▼ + stars: | 2023-04-22 | by ( ) www.cnbc.com time to read: +6 min

A lithium mining machine moves a salt by-product at the mine in the Atacama Desert in Salar de Atacama, Chile on October 25, 2022. Under the plan, all companies wanting to work in Chile's lithium sector will have to take on the yet-to-be created National Lithium Company as a partner and the "state will have control," Boric said Thursday. But Chile's business sector expressed concern. Mewes said business leaders had expected there would be a "great private sector participation" in the lithium sector and now the "state will be the one that will control" the industry. She worries about what message this sends to others in the region that are trying to build up nascent industries, considering Mexico already nationalized its lithium sector.

The prospective class action complaint, filed in 2021 by two members of the annual paid subscription service Amazon Prime, alleged Amazon was unlawfully "tying" the online sale of third-party products to the use of the company's "Fulfillment by Amazon" program. The lawsuit said Amazon's alleged anticompetitive fulfillment practices had harmed "hundreds of millions of its loyal customers." Amazon's attorneys argued that fulfillment services are sold not to consumers who buy products but to third-party businesses that are selling goods on the company's platform. The antitrust case against Amazon was among private and state actions alleging violations of competition law. The case is Angela Hogan et al v. Amazon.com Inc, U.S. District Court, Western District of Washington, No.

REUTERS/Dado RuvicLONDON, April 19 (Reuters) - Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month, creating a risk their business will become concentrated in smaller financial institutions. Mainstream banks have become increasingly wary of crypto clients following a series of high-profile collapses, including the bankruptcy of major exchange FTX in November last year, and a lack of regulation. "Crypto and Web3 start-ups are telling us they simply cannot get a business bank account," said Marcus Foster, head of crypto policy at Coadec, a body representing UK start-ups. A spokesperson for ING said the bank does not "target or focus actively on crypto firms" so its exposure is "very limited." But for smaller crypto start-ups, securing a banking partner could be more difficult, said Ricardo Mico, the U.S. CEO of Banxa (BNXA.V), a payment and compliance infrastructure provider for crypto.

☆ BHP Group seeks delay to Brazil dam court case
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Ricardo Moraes/File PhotoLONDON, March 29 (Reuters) - Mining group BHP Group (BHP.AX) is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil's worst environmental disaster as it needs more time to prepare, the company's lawyers said on Wednesday. BHP denies liability and in December applied to join Vale to the case. Simon Salzedo, representing Vale, argued that BHP has no case against Vale and that, if it did, any lawsuit should be brought in Brazil. Reparation and compensation programs implemented by the Renova Foundation funded $6 billion in financial aid by the end of 2022, BHP added. BHP has applied to the Supreme Court to end the case without trial following the Court of Appeal's decision last year.

[1/2] Iranian military ship Iris Makran navigates on the coast of Rio de Janeiro as a Brazilian flag flutters in Copacabana Beach, Brazil, February 27, 2023. REUTERS/Ricardo MoraesRIO DE JANEIRO, Feb 27 (Reuters) - Two Iranian warships docked in Rio de Janeiro on Sunday after Brazilian President Luiz Inacio Lula da Silva's government granted permission despite pressure from the United States to bar them. "In the past, those ships facilitated illegal trade and terrorist activities, and have also been sanctioned by the United States. Brazil is a sovereign nation, but we firmly believe those ships should not dock anywhere," she said. He traveled to Tehran to meet then-President Mahmoud Ahmadinejad in 2010 as he sought to broker a nuclear deal between Iran and the United States.

☆ 3 dead, 1 missing as rain pounds New Zealand’s largest city
▼ + stars: | 2023-01-28 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

Authorities said Saturday that three people had died and at least one was missing after record levels of rainfall pounded New Zealand’s largest city, causing widespread disruption. He said the city was in for a big cleanup and that people should remain indoors if possible. On Friday evening, more than 15 centimeters (6 inches) of rain fell in just three hours in some places. Hundreds of people were stranded at Auckland Airport overnight after the airport stopped all flights and parts of the terminal were flooded. “It’s been a long and challenging night at Auckland Airport, we thank everyone for ongoing patience,” the airport wrote.

☆ U.S. bars Panamanian ex-President Martinelli from entering the country
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Jan 25 (Reuters) - The United States will bar former Panamanian President Ricardo Martinelli and his immediate family from entering the country, accusing him of accepting bribes, U.S. Secretary of State Antony Blinken said on Wednesday. Martinelli, who was in office from 2009 to 2014, "accepted bribes in exchange for improperly awarding government contracts during his tenure as the president," Blinken said in a statement. Reporting by Eric Beech; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

[1/2] A Brazilian flag is seen through broken glass following the anti-democratic riots, at Planalto Palace, in Brasilia, Brazil, January 10, 2023. What many banks point to is the assumed risk premium already built in to Brazilian real interest rates. But beyond Brazilian markets, the wide global markets calm surrounding the weekend events was equally curious. After all, Brazil is the 12th largest economy in the world and one of the biggest food and raw materials exporters. Among the 10 biggest risks it lists by likelihood is emerging markets political risks that threaten political institutions.

It was totally avoidable.”Now, Bolsonaro is in Orlando, where he has supporters among the state's growing number of Brazilian Americans. After Bolsonaro's loss, unfounded claims of election fraud, reminiscent of those in the U.S., began to surface in Brazil. Bannon had said prior to the Brazilian election that Bolsonaro would lose only if “the machines” steal the election. Leading to the presidential elections in Brazil, Trump allies exported many of the former president's campaign strategies to the Latin American country. After Bolsonaro's October loss, tens of thousands of supporters began camping outside military facilities throughout Brazil to protest his loss.

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