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☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ In Brazil, the US election is inspiring hard-right ‘Trump of the tropics’ supporters to ‘complete our mission’
▼ + stars: | 2024-11-10 | by ( Julia Vargas Jones | ) edition.cnn.com time to read: +8 min

CNN —Since President-elect Donald Trump’s political comeback on Tuesday, Brazil’s former President Jair Bolsonaro and his supporters have celebrated his victory as their own. In many ways, nowhere has Trump’s political strategy been more rigorously mirrored than in Brazil. At the Trump watch party in Mar-a-Lago on election night, Donald Trump Jr. posed for a photo with his Brazilian counterpart, former first son and congressman Eduardo Bolsonaro. Eduardo Bolsonaro, member of the Brazil Chamber of Deputies, speaks during the Conservative Political Action Conference at the National Harbor, in Oxon Hill, Maryland, on Feb. 24, 2024. Eduardo spearheaded the creation of CPAC Brasil, a Brazilian adaptation of the US Conservative Political Action Conference.

Persons: Donald Trump’s, Brazil’s, Jair Bolsonaro, Bolsonaro, Trump, Trump’s, “ Trump, Donald Trump Jr, Eduardo Bolsonaro, Eduardo, Steve Bannon, Matt Schlapp, Bannon, ” Bannon, “, Marjorie Taylor Greene, George Santos, Nikolas Ferreira, Jose Luis Magana, María Elvira Salazar, Jason Miller, Luiz Inacio Lula da Silva, Evaristo Sa, ”, Ferreira, it’s, Trump “ Organizations: CNN, Trump, CNN Brasil, American Conservative Union, United Nations, Organization of American, Conservative Political, Brazil’s, Elon, US Conservative Political, Conservative - Liberal Institute, Congress, Getty Locations: Brazil, Mar, Lago, United States, ”, Organization of American States, Oxon Hill , Maryland, Florida, Brasil, Brasilia, AFP, Washington

☆ Singapore startup Profile Print uses AI to check ingredient quality
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: +1 min

You can typically imagine a two to three round process between a buyer and a seller," Profile Print founder and CEO Alan Lai told "CNBC Tech: The Edge." "Profile Print digitalizes food ingredients, so that buyers and sellers no longer need to ship samples physically," Lai added. Using its patented digital fingerprint technology, Profile Print quickly analyzes the identity and quality of ingredients. In 2024, Profile Print signed agreements with Brazil's two largest coffee manufacturers, as well as Instituto CNA, a government-backed institution representing Brazil's agricultural sectors. Watch Alan Lai demonstrate Profile Print's technology in the video above.

Persons: Alan Lai, Lai Organizations: CNBC Tech, Instituto CNA Locations: Singapore

☆ I moved from Brazil to the Midwest at 19. My parents were born in the US, but I still wasn't prepared for the culture shock.
▼ + stars: | 2024-11-04 | by ( Kristi Ferguson | ) www.businessinsider.com time to read: +2 min

I moved from Brazil to the Midwest when I was 19 and experienced a few significant culture shocks. Go to newsletter preferences Thanks for signing up! AdvertisementWhen I moved from Brazil to Michigan at 19, it was my first time in the US — and, despite having parents from the Midwest, I didn't know much about the country. By the time I was born, my parents, who had relocated to Brazil as full-time volunteer missionaries in their early 20s, had lived in South America for almost 10 years. Related Video A side-by-side look at the Brazil riots and Capitol insurrectionHere are a few of the biggest culture shocks I experienced when I moved.

Persons: Lake, — Organizations: Service Locations: Brazil, Lake Orion , Michigan, Michigan, Midwest, South America, Curitiba, Brazil's Paraná, Detroit

KAZAN, Russia — Almost 700 miles east of Russia's war in Ukraine, the city of Kazan is a safe enough distance for President Vladimir Putin to try and reposition himself as an international ambassador. The countries gathering for the BRICS summit, where Gavrilov is helping to chaperone delegates, share a similar mix of apparently contradictory views. Russia and Iranian protocol teams huddled together in a Kazan hotel Sunday planning the arrival of Iran’s President Masoud Pezeshkian. Russian President Vladimir Putin and UAE President Sheikh Mohammed bin Zayed Al Nahyan sign a wall at newly opened education center in Moscow on Monday. While Ukraine is a “long, long way away, the modern ballistic missile can very easily come here,” Gavrilov said.

Persons: Vladimir Putin, Putin, Islam Gavrilov, Sergei Gavrilov, “, Gavrilov, ”, didn’t, —, it’s, Masoud Pezeshkian, Sheikh Mohammed bin Zayed Al Nahyan, Mikhail Metzel, Sheikh Abdullah bin Zayed Al Nahyan, Recep Tayyip Erdogan, Prince Mohammed bin Salman, Prince Faisal bin Farhan, Luiz Inácio Lula da Silva, they’ve, ” David Lubin, you’re, ” Gavrilov, Keir Simmons, Natasha Lebedeva, Freddie Clayton Organizations: NBC, NASA, Harvard University, The, Putin, United Arab, European Union, Kremlin, Wednesday, Saudi Arabia’s Crown, Chatham House, NBC News, Inside Locations: KAZAN, Russia, Ukraine, Kazan, Kremlin, United States, Moscow, America, U.S, — Brazil, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, UAE, London, Russian, Yelabuga, Nizhnekamsk, “

☆ Peru ex-President Toledo convicted of bribe-taking, sentenced to 20 years in prison
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +2 min

Toledo, a 78-year-old economist who holds a doctorate from Stanford University, governed the Andean nation between 2001 and 2006. Peruvian former President Alejandro Toledo was convicted of taking bribes from Brazilian construction giant Odebrecht and sentenced to 20 years and six months in prison on Monday. During the year-long trial, Toledo denied the money-laundering and collusion charges. The sentence was announced in a room set up in a small Lima prison where Toledo has been detained since last year. Prosecutors relied on testimony from former Odebrecht executive Jorge Barata as well as Toledo's ex-collaborator Josef Maiman, who said Toledo received bribes.

Persons: Alejandro Toledo, Roberto Su, Toledo, Pedro Castillo, Pedro Pablo Kuczynski, Ollanta Humala, Jorge Barata, Josef Maiman Organizations: Stanford University, Odebrecht Locations: Lima , Peru, Brazil, Toledo, Peruvian, Lima, United States, Peru

☆ Russia pushes 'new world order' agenda as it hosts beefed-up BRICS summit
▼ + stars: | 2024-10-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Russian President Vladimir Putin attends the BRICS Business Forum in Moscow, Russia October 18, 2024. Alexander Zemlianichenko | Via ReutersRussia is rolling out the red carpet to its geopolitical allies as it hosts the latest BRICS summit on Tuesday, pushing its agenda to create a "new world order" that challenges the West. Delegates listen on during the plenary session as Russian President Vladimir Putin delivers his remarks via video-link during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on August 23, 2023. "The countries in our association are essentially the drivers of global economic growth. Russian President Vladimir Putin (R) shakes hands with Iranian President Masoud Pezeshkian (L) during their meeting, October 11, 2024, in Ashgabat, Turkmenistan.

Persons: Vladimir Putin, Alexander Zemlianichenko, what's, Alet Pretorius, Putin, Michel Temer, Xi Jinping, Jacob Zuma, Narendra Modi, Wu Hong, Callum Fraser, Fraser, Russia's, Dmitry Peskov, Masoud Pezeshkian, Recep Tayyip Erdogan, Mahmoud Abbas, Antonio Guterres, It's, Masoud Organizations: Reuters, United Arab Emirates, America, U.S ., Afp, Getty, Tass, India's, CNBC, Royal United Services Institute, Global, Kremlin Locations: Moscow, Russia, Reuters Russia, Brazil, India, China, South Africa, Egypt, Ethiopia, Iran, Asia, Africa, U.S . Russian, U.S, West, Ukraine, Sandton, Johannesburg, South, Ashgabat, Turkmenistan, U.N

☆ X Is back up and running in Brazil after it caved and paid a fine — because there are some battles Elon Musk can't win
▼ + stars: | 2024-10-09 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

X can operate in Brazil again, after an August ban over noncompliance with court orders. But its return to Brazil was further delayed after the court said that X had transferred the $5 million to the wrong bank. In X's Wednesday X post, the company said that it would continue to defend free speech "within the boundaries of the law." Related storiesThe country is key to X's business — it's the sixth-largest market globally, with over 21.5 million users, Reuters reported in September. X did not respond to a request for comment sent by Business Insider outside business hours.

Persons: —, Elon, Alexandre de Moraes, X, Musk, de Moraes, De Moraes, Matteo Ceurvels, eMarketer, Axel Springer Organizations: Service, Supreme, Reuters, Associated Press, Business, Business Insider Locations: Brazil, China

☆ Brazil lifts ban on X after Elon Musk complies with court orders
▼ + stars: | 2024-10-08 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

The Federal Supreme Court (STF) in Brazil suspends Elon Musk's social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Elon Musk's X is getting back up and running in Brazil after a months-long standoff between the company and the country's federal supreme court minister, Alexandre de Moraes. "X is proud to return to Brazil," the company wrote in a post on X from its global government affairs account. Rather than comply, Musk initially closed X's headquarters in Brazil, and said he wouldn't employ a legal representative there for a time. G1 Globo news reported that users were regaining access to X on Tuesday after the court authorization.

Persons: Alexandre de Moraes, Elon Musk's, de Moraes, Brazil's, Musk, Voldemort, Moraes, Brazilenese, X, Tim Higgins Organizations: Federal Supreme Court, Elon, SpaceX, Globo Locations: Brazil, Brazilian

☆ Peru has attracted a slew of foreign investors into its credit market. Here's why
▼ + stars: | 2024-10-08 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +5 min

Foreign investors now hold 39% of Peru's sovereign bond market holdings, the highest level across all emerging market countries. This underscores the increasingly positive sentiment surrounding the Peru's fixed income outlook. "It has recognized the need to provide international investors positive returns on domestic assets, and for central banks to be aligned with international investors and provide positive returns on domestic assets." "In some sense, the lack of a strong executive has led to better fixed income outcomes," Austerweil added. Dhawan also underscored that Peruvian fixed income is a high quality market for foreign investors.

Persons: Moody's, Dina Boluarte's, Pramol Dhawan, Pimco, Dhawan, David Austerweil, Soberano, Austerweil Organizations: Southern Copper Corp, Lawmakers, Peruvian, International Monetary Fund, Central Reserve Bank of, Bank of America, Mining Locations: Peru, Sol, Central Reserve Bank of Peru, America, U.S, Peruvian, China

☆ Musk's X paid $5 million in fines to the wrong bank, Brazil's Supreme Court said
▼ + stars: | 2024-10-07 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +3 min

X mistakenly transferred $5 million in fines to the wrong bank, said Brazil's Supreme Court. AdvertisementElon Musk's X just botched a $5 million payment in Brazil by transferring it to the wrong bank, according to Brazil's Supreme Court, Reuters reported on Saturday. In late August, Brazil's Supreme Court banned the platform for failing to comply with orders related to content moderation and for not appointing a legal representative in the country. AdvertisementOn Friday, X's legal team submitted documents showing that they paid the fines. X and the Brazil Supreme Court did not respond to requests for comment sent by Business Insider outside business hours.

Persons: X, —, Elon Musk's X, Musk, Alexandre de Moraes, de Moraes, De Moraes Organizations: Service, Reuters, Twitter, Brazil's, Supreme, Business Insider, Citigroup Locations: Brazil

☆ Brazil votes in local elections with eyes on 2026 presidential showdown
▼ + stars: | 2024-10-06 | by ( ) www.cnbc.com time to read: +3 min

Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. Marçal, an anti-establishment political novice who has surged in the polls with his vitriolic attacks on adversaries, ran a social media campaign with little funding and no TV time. Polls showed that candidates linked to Lula are facing trouble as the president's popularity has slipped in his third non-consecutive term. On the right, candidates associated with hard-right former President Jair Bolsonaro have fared better, even though he was banned from seeking elected office until 2030 for his unfounded attacks on Brazil's voting system. "The anti-establishment views of the right have become the trend," said political risk expert Creomar de Souza.

Persons: Ricardo Nunes, Pablo Marçal, Guilherme Boulos, Luiz Inacio Lula da Silva, pollster Datafolha, Lula, Jair Bolsonaro, Creomar de Souza, Andre Cesar, Bolsonaro, Nunes, Marçal Organizations: Central Bank of, Workers Party, Lula's Workers Party, Sao Locations: Central Bank of Brazil, Brasilia, Brazil, Sao Paulo, Brazil's

☆ Elon Musk's battle with Brazil over content on X may be drawing to a close — as soon as he pays the last bill
▼ + stars: | 2024-09-30 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Last week, Elon Musk's X agreed to comply with orders from Brazil's Supreme Court. Reuters reported Friday that the Brazilian courts hit X with one last fine of $1.8 million. AdvertisementIt looks like Elon Musk's battle with Brazil's Supreme Court over content moderation concerns on X may finally be drawing to a close, a week after the social media platform agreed to comply with orders from Brazil's high court. AdvertisementWith the latest $1.8 million fine, de Moraes is "making a final demand on Elon Musk," Sérgio Botinha, an international business lawyer in Brazil, told Business Insider. AdvertisementGreg Barnett, an American lawyer who helps US clients solve business and legal problems in Brazil, agreed that Musk's saga of challenging de Moraes is likely over.

Persons: Elon Musk's, —, Elon, There's, Musk, Alexandre de Moraes, de Moraes, Jair Bolsonaro, Starlink, Elon Musk, Botinha, you've, he's, Greg Barnett, X, Moraes, Barnett Organizations: Brazil's, Reuters, Service, Business, Brazilian Supreme, Elon Locations: Brazil's, Brazil, American

☆ Elon Musk's X will be allowed back online in Brazil after paying one more fine
▼ + stars: | 2024-09-27 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

The Federal Supreme Court (STF) in Brazil suspends Elon Musk's social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. X has to pay one last fine before the social network owned by Elon Musk is allowed back online in Brazil, according to a decision out Friday from the country's top justice, Alexandre de Moraes. Earlier this month, X filed paperwork informing Brazil's supreme court that it is now in compliance with orders, which it previously defied. X's legal representative in Brazil, Rachel de Oliveira, is also required to pay a fine of 300,000 reals. Earlier this month, the STF froze the business assets of Musk companies, including both X and satellite internet business Starlink, operating in Brazil.

Persons: Alexandre de Moraes, Elon Musk, Brazil's, Rachel de Oliveira, de Moraes, Musk, X, STF Organizations: Federal Supreme Court, Elon, Globo, Tribunal Federal, SpaceX Locations: Brazil, Brazilian

☆ WSJ's Tim Higgins on X in Brazil: Hard to stand up against a country you're trying to operate in
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Tim Higgins on X in Brazil: Hard to stand up against a country you're trying to operate inTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss news of X reversing course in Brazil, why Elon Musk is backing down in his battle with Brazil's Supreme Court, SEC's court battle with Musk, the Trump-Musk alliance, and more.

Persons: Tim Higgins, Elon Musk, Musk Organizations: Wall Street Journal, Brazil's, Trump Locations: Brazil

☆ There's a Reason Elon Musk Isn't Fighting for Speech Rights in France: Expert
▼ + stars: | 2024-09-22 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

AdvertisementBut an expert on corporate law told Business Insider that there's a reason the billionaire isn't taking his battle of free speech principles to, say, France. Musk has previously complied with content moderation requests from other governments, including the increasingly authoritarian nations of Turkey and India. In 2023, he indicated he would abide by the European Union's rulebook on content moderation, known as the Digital Services Act, Politico reported. Alon-Beck told BI that, in countries like France with strict laws around content moderation, Musk is no different than Durov, and she would expect he could be arrested if he continues to push the boundaries of local content moderation laws. AdvertisementRepresentatives for X, Telegram, and the Brazilian Supreme Court did not immediately respond to requests for comment from Business Insider.

Persons: —, Elon Musk, X, Musk, Alexandre de Moraes, cosplaying, ZIV8KbDCmk — Elon, isn't, Pavel Durov's, Pavel, Anat Alon, Beck, Pavel Durov, Durov, Alon, Elon, Tucker Carlson Organizations: Service, Elon, New York Times, Brazil's, SpaceX, Business, The Times, Case Western Reserve University's School of Law, Alon, Digital Services, Politico, Telegram, X, Brazilian Locations: Brazil, France, Turkey, India

☆ Elon Musk abandons his fight in Brazil
▼ + stars: | 2024-09-21 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Elon Musk's X has tapped out in its fight with Brazil's Supreme Court. Musk's lawyers say X has finally complied with court orders after months of resistance. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk, the owner of X, has finally relented after a lengthy and contentious fight with Brazil's Supreme Court. Musk had for months defied court orders to suspend certain accounts the court had deemed a threat to the country's democracy and to appoint an in-country government liaison.

Persons: Elon Musk's, —, Elon Musk, Musk Organizations: Brazil's, Service, Business Locations: Brazil

☆ Brazil court asks X for documents as the platform starts to comply with orders
▼ + stars: | 2024-09-21 | by ( ) www.cnbc.com time to read: +2 min

X was shut down in Brazil in late August after it did not comply with orders from the top court related to hate speech moderation in the social platform. X lawyers said late on Friday that the platform had named a legal representative in Brazil, addressing a key demand imposed by the court. In a Saturday decision, Supreme Court judge Alexandre de Moraes gave five days for X to provide commercial registries and other documents proving that X formally signed Rachel de Oliveira Conceicao as its Brazil legal representative. Brazilian law requires foreign companies to have a legal representative to operate in the country. X had a legal representative in Brazil until mid-August, when it decided to close its offices and fire its staff in the country.

Persons: Elon Musk, Alexandre de Moraes, Rachel de Oliveira Conceicao, Musk, Moraes Organizations: Brazilian, Saturday Locations: Brazil

☆ How Elon Musk and X got into a messy situation in one of its biggest markets
▼ + stars: | 2024-09-21 | by ( Ana Altchek | Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk hasn't shied away from fights since he bought Twitter and renamed it X in 2022. However, the disagreement over moderation on X has blown up, leading to threats of arresting X employees and restrictions on other companies owned by Musk. X was then banned from Brazil on August 31 after failing to follow orders to name a legal representative for X. AdvertisementBrazil's Supreme Court fines X for resurfacing amid banBrazil fined X after some of its users were able to access the site on Wednesday, September 18, despite the ban issued in August, according to the BBC.

Persons: —, Elon, it's, Alexandre de Moraes, De Moraes, Jair, Musk, de Moraes, X, ines, ince, ake l, ove Organizations: Service, Twitter, Brazilian Supreme, Business, Musk Locations: Australia, Nigeria, Turkey, India, Brazil, Here's, lon, usk

☆ Elon Musk’s X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
▼ + stars: | 2024-09-19 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Elon Musk's X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country's supreme court on Thursday. The court said it would continue to impose "joint liability" on Starlink, the satellite internet service owned and operated by SpaceX, Musk's aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn't intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.

Persons: Elon Musk's, Brazil's, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, Cloudflare didn't Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, India, Turkey, Hungary

☆ Musk’s X skirts Brazil ban and returns to some users with change to server access
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: +5 min

Some Brazilian users reconnected with X on Wednesday despite the Supreme Court's recent nationwide ban, the result of the social network apparently changing the way its servers are accessed. That rendered X effectively inaccessible in the country until Wednesday, with AP journalists among those who had access. It acts as a proxy between users and X's servers, filtering traffic and preventing the original Internet Protocol (IP) address from being recognized, Diogenes told The Associated Press. Former president Jair Bolsonaro celebrated the return of the social network. Some Brazilian X users trumpeted the platform's return — with several addressing de Moraes directly, vowing that they weren't using a VPN.

Persons: Alexandre de Moraes, X, Elon Musk, Pedro Diogenes, Diogenes, Anatel, de Moraes, Cloudflare didn't, Musk, hadn't, Jair Bolsonaro, Bolsonaro, Cloudflare, David Nemer, Nemer, Bluesky, De Moraes, Rafael Mafei, Mafei Organizations: Elon, CLM, Associated Press, AP, Nazi, University of Virginia, University of Sao, SpaceX Locations: Brazil, Charlottesville , Virginia, San Francisco , California, University of Sao Paulo

☆ Amazon's five-days-in-the-office mandate could be the start of a wider RTO shift
▼ + stars: | 2024-09-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

A Business Insider reporter found out by enlisting in the city's 'elite squad of anti-rat activists.' What's on deck:This story is available exclusively to Business Insider subscribers. In February 2023, it announced plans to require most office workers to show up in-person three days a week. And in the hyper competitive world of Big Tech, other tech giants might follow suit rather than risk getting bad-mouthed by rivals to their clients. How can insert Big Tech company really serve you best when its people are home half the time?

Persons: —, RTO Nickilford, Maria Ivanova, Getty, Tyler Le, Andy Jassy, Slack, It's, Miranda Jones, Donald Trump, Trump, Fundstrat's Tom Lee, Elon Musk, Joe Biden, Kamala Harris, Apple's, TikTok, Chris Williams, We're, Stephen Nedoroscik, Anna Delvey, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, New York, Business, Amazon, Big Tech, Employees, McKinsey, Trump Media, Vanguard, Anadolu, Getty, Elon, Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, DOJ, Microsoft, Open, It's Locations: New, North America, New York, London

☆ It's a big week for central banks around the world, with a slew of rate moves on the table
▼ + stars: | 2024-09-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Kevin Dietsch | Getty ImagesA flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. Elsewhere, Brazil's central bank is scheduled to hold its next policy meeting across Tuesday and Wednesday. Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. The central bank delivered its first interest rate cut in more than four years at the start of August.

Persons: Jerome Powell, William McChesney Martin, Kevin Dietsch, John Bilton, CNBC's, Bilton, David Volpe, Volpe, 25bps, Wilson Ferrarezi, BOE, Ruben Segura Cayuela Organizations: Federal Reserves, Washington , D.C, Federal, Traders, The Bank of England, Norway's Norges Bank, South Africa's, Bank, Bank of Japan, Morgan Asset Management, European, Bank of England, ECB, Emerald Asset Management, Banco Central, TS Lombard, Central Bank of, Bloomberg, Getty, Reuters, Bank of America Locations: Washington ,, U.S, Brazil's, Brazil, Central Bank of Brazil, Brasilia, South Africa, Norway, Japan

☆ Brazil recently hit a record high. Why further gains may be harder to come by
▼ + stars: | 2024-09-15 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Brazilian stocks have been on a tear, but stubborn inflation could grind the recent rally to a stop. It's a work in progress, and most likely will require further rate hikes by the central bank." BCA Research's Arthur Budaghyan agreed that the Brazilian central bank is unlikely to hike rates for very long. Against this backdrop, Budaghyan advises clients steer clear of Brazilian stocks in the near term. U.S. investors who want exposure to the Brazilian stock market can obtain it through the iShares MSCI Brazil ETF (EWZ) .

Persons: Bovespa, Fernando Haddad, Goldman Sachs, Alberto Ramos, Ramos, Arthur Budaghyan, Budaghyan Organizations: U.S . Federal, CNBC, U.S, Fed, BCA, Banco, MRB Partners Locations: Lower U.S, overcompensate, America, Banco Central, Brazil, U.S

☆ Elon Musk's battle for free speech is getting expensive
▼ + stars: | 2024-09-15 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Still, the seizure indicates that Musk will face significant financial costs to sustain battles over his stated goal of protecting free speech online. Like the US, Brazil has enshrined speech protections in its constitution, but the Brazilian government has wider discretion to ban certain kinds of speech than the US government. The battle between Musk and de Moraes has escalated for months, leading to the seizure of funds from X and SpaceX. It didn't even have a chance to defend itself," The Associated Press reported Brazilian jurist Lênio Streck said on social media.

Persons: —, Elon Musk, Starlink, Alexandre de Moraes, De Moraes, de Moraes, Jair Bolsonaro, Musk, Lord Voldemort, Harry Potter, Rachel Nova Conceicao, Lênio Streck Organizations: Service, Brazil's, X, Brazilian, Business, SpaceX, Musk, Associated Press Locations: Brazilian, Turkey, India, Brazil

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