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☆ Jailed Cuban dissident leader wins Norwegian human rights award
▼ + stars: | 2024-09-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

OSLO, Norway — A Norwegian human rights foundation gave its annual prize on Thursday to jailed Cuban dissident leader Luis Manuel Otero Alcántara for his “fearless opposition to authoritarianism through art”. Four past laureates of the Rafto prize — Myanmar’s Aung San Suu Kyi, East Timor’s Jose Ramos-Horta, South Korea’s Kim Dae-jung and Iran’s Shirin Ebadi — later went on to win the Nobel Peace Prize. This year’s Peace Prize will be announced on Oct. 11 in Oslo. “The 2024 Rafto prize aims to highlight the importance of the work of Luis Manuel Otero Alcántara and other artists in challenging power structures and defending democracy and human rights, both in Cuba and globally,” the Norwegian foundation said in a statement. On Thursday, the Rafto foundation called on the Cuban government to release him, joining similar calls by Human Rights Watch and Amnesty International.

Persons: Luis Manuel Otero Alcántara, Jose Ramos, Kim Dae, Shirin Ebadi — Organizations: San Isidro Movement, Human Rights Watch, Amnesty International Locations: OSLO, Norway, Norwegian, Cuban, Suu Kyi, East, Horta, South, Oslo, Cuba, Havana

Dili, East Timor CNN —Pope Francis received a rapturous welcome from the tiny Southeast Asian nation of East Timor, one of the world’s most Catholic countries, where more than half the population is expected to turn out for an open-air mass on Tuesday. People wait for Pope Francis to arrive at the Cathedral of the Immaculate Conception in Dili, East Timor, on September 10, 2024. Pope Francis greets Catholic worshipers in Dili, East Timor, on September 10, 2024. Four hundred years of ensuing Portuguese colonial rule led to the widespread spread of Catholicism in East Timor and other cultural differences from Muslim-majority Indonesia. East Timor is also on track to become the 11th member of the Southeast Asian bloc ASEAN, which could happen next year.

Persons: East Timor CNN — Pope Francis, Francis, Pope Francis, Firdia, ”, Willy Kurniawan, Francis ’, Carlos Ximenes Belo, Pope Francis ’, Pope John Paul II, Christina Kheng, ” Pope Francis, Guglielmo Mangiapane, Bishop Belo, Jose Ramos, Belo, Groene Amsterdammer, defrocked, Richard Daschbach, Xanana Gusmao, Mary, Bishop, Suharto’s Organizations: East Timor CNN, Timor Leste, Catholic Church, Timor, CNN, Asian Pastoral Institute, Reuters, US, Australia, Southeast, ASEAN, Vatican, Belo, East Timor, Jakarta, UN Locations: Dili, East Timor, Asia, strollers, Dili , East Timor, Timor, Indonesia, Papua New Guinea, Singapore, Australia, Portuguese, East, United States, Horta, Portugal, Santa Cruz, East Timor’s, Bishop Belo, Indonesian, Jakarta, Australian

Singapore CNN —China’s support to Russia will extend the war in Ukraine, President Volodymyr Zelensky said Sunday, as he called on countries across the Asia-Pacific to join an upcoming peace summit he accused Russia of trying to thwart. It comes ahead of the international peace conference on Ukraine slated to be held June 15-16 in Switzerland. “With China’s support to Russia the war will last longer. When asked later about China’s statement it would not attend the peace summit, the Ukrainian leader accused Russia of using Chinese diplomats to disrupt it. “Time is running out” including for Ukrainian children taken by Russia, Zelensky told a packed hall during an address on the closing day of the three-day security meeting.

Persons: Volodymyr Zelensky, Zelensky, China –, ” Zelensky, “, Putin, of National Defense Dong, ” Dong, Lloyd Austin, Dong, Russia ”, Vladimir Putin, ”, Austin, Prabowo Subianto, José Ramos, Pat Ryder, Joe Biden Organizations: Singapore CNN —, of National Defense, CNN, China’s Ministry of Foreign Affairs, Criminal, Ministry of Foreign, US Defense, Horta, Ukraine, Pentagon, Twitter Locations: Singapore, Russia, Ukraine, Asia, Pacific, China, Switzerland, Beijing, Kharkiv, The Hague, United States, Timor

☆ Britain's royal family should follow the lead of major CEOs when it comes to transparency, says expert
▼ + stars: | 2024-03-16 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

The royal household is exempt from freedom of information laws in the UK since it isn't a public authority. Hay suggested that the monarchy should follow the lead of major companies that have been transparent when a CEO becomes unwell. While Kensington Palace was clear that it wouldn't provide a "running commentary" on the princess' well-being, that didn't stop conspiracy theories on her whereabouts. Meanwhile, CNN said it was reviewing all Kensington Palace handouts in light of the incident. Kensington Palace did not immediately respond to a request for comment.

Persons: Kate, —, Bob Krist, George Hay, Hay, JP Morgan Chase, Jamie Dimon, António, Osório, Prince William, Catherine, Duchess, Chris Jackson, Phil Chetwynd, Buckingham, King Charles, Charles III, Max Mumby, Graham Smith, Jack Royston, Royston, Kensington Organizations: Service, Brand Finance, Windsor, Getty, Tourism, Frogmore, Reuters, Barclays, CNBC, Lloyds Banking Group, BBC News, BBC, AFP, CNN, YouGov Locations: London, Britain, António Horta, Horta, Kensington, Cambridge, Belgium, Greece, Bulgaria, Republic

☆ UBS sold a Credit Suisse private jet that was used by its ex-chair to fly to Wimbledon and the Euros, breaking COVID rules — and the Maldives for a family vacation
▼ + stars: | 2023-12-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A former Credit Suisse chair used the bank's private jet to breach COVID restrictions. AdvertisementUBS has sold the Credit Suisse private jet that prompted its ex-chairman's resignation after just nine months, according to the Financial Times. António Horta-Osório used the bank's Dassault Falcon 7X to travel to sports matches and breach COVID travel restrictions, an internal investigation found. A used Falcon 7X typically sells for around $18 million, according to listings on AV Buyer. The FT reported that Credit Suisse planned to sell its jet before being rescued by UBS earlier this year, but UBS executives pushed through the sale.

Persons: deplaning, —, António, Osório, deplaned, Dan Kitwood, Taylor Swift Organizations: Credit Suisse, Dassault Falcon, Service, UBS, Financial Times, Wimbledon, soccer's, Reuters, FT, Bombardier Global, Business Locations: Maldives, António Horta, London, Horta, Singapore, Zurich

☆ Portuguese bankers warn political instability could undermine reforms, public finances
▼ + stars: | 2023-11-16 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

Antonio Horta Osorio, CEO of Lloyds Banking Group, arrives at a garden party at Buckingham Palace, London, May 22, 2018. The government remains fully functional for the time being, at least until parliament has had its final vote on the 2024 budget on Nov. 29. He said reforms should create an environment for companies to achieve better results and compete more effectively globally. The 2024 budget projects economic growth will slow to 1.5% in 2024 from 2.2% expected this year and political instability may also delay public investment, such as using COVID recovery funds, and private investment. "Probably no one wants to invest when there is great instability," said Pedro Castro Almeida, CEO of Santander Portugal.

Persons: Antonio Horta Osorio, Simon Dawson, Portugal's, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Antonio Horta, Osorio, Miguel Maya, Pedro Castro Almeida, Paulo Macedo, Sergio Goncalves, Catarina Demony, Mark Potter Organizations: Lloyds Banking Group, REUTERS, Rights, Credit Suisse, bcp, Santander Portugal, Caixa Geral, Thomson Locations: Buckingham Palace, London, Rights LISBON, Lisbon, Portugal, Horta, Caixa, Depositos

☆ Portuguese Bankers Warn Political Instability Could Undermine Reforms, Public Finances
▼ + stars: | 2023-11-16 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Sergio GoncalvesLISBON (Reuters) - The resignation of Portugal's prime minister will trigger instability that could delay economic reforms, while making it harder for the country to keep a balanced budget and further reduce debt, bankers warned on Thursday. The government remains fully functional for the time being, at least until parliament has had its final vote on the 2024 budget on Nov. 29. He said reforms should create an environment for companies to achieve better results and compete more effectively globally. The 2024 budget projects economic growth will slow to 1.5% in 2024 from 2.2% expected this year and political instability may also delay public investment, such as using COVID recovery funds, and private investment. "Probably no one wants to invest when there is great instability," said Pedro Castro Almeida, CEO of Santander Portugal.

Persons: Sergio Goncalves LISBON, Portugal's, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Antonio Horta, Osorio, Miguel Maya, Pedro Castro Almeida, Paulo Macedo, Sergio Goncalves, Catarina Demony, Mark Potter Organizations: Credit Suisse, Lloyds Banking Group, Santander Portugal, Caixa Geral Locations: Lisbon, Portugal, Horta, Caixa, Depositos

SANTIAGO, Chile (AP) — Once a sports superpower, Cuba now celebrates every gold medal at the Pan American Games. Heavyweight Julio César La Cruz beat Brazil's Keno Machado 4-1 in the final and became the first ever athlete of the sport to win a fourth Pan American gold medal. Dominican Yunior Alcántara reduced the deficit in the Caribbean bout with a gold medal that didn't make him sweat in the final. Cuba is the country with most medals for boxing in the history of the Pan American Games. But that position in Santiago was passed on to Brazil, with four gold medal winners.

Persons: Julio César La Cruz, Brazil's Keno Machado, Arlen López, Wanderley de Souza Pereira, “, La Cruz, ” La Cruz, ”, Saidel Horta, Jahmal Harvey, Alcántara, didn't, Michael Douglas Trindade, ___ Organizations: Pan American, Pan, Cuban, Paris Olympics Locations: SANTIAGO, Chile, Cuba, Communist, Caribbean, Dominican Republic, Paris, Barranquilla, Colombian, Cuban, Santiago, Brazil

☆ Exclusive: East Timor president says China military cooperation was 'never discussed'
▼ + stars: | 2023-09-29 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

The agreement also provided scope for funding from China including government and commercial loans to East Timor, he said. "It was never discussed in terms of military cooperation, never discussed, and the Chinese side also never raised this issue," Ramos-Horta said. East Timor, also known as Timor Leste, aims to join the Southeast Asian regional bloc ASEAN by 2025 as it seeks to reduce high poverty rates. Australia has appointed an envoy to speed up negotiations between East Timor and Woodside; Gusmao's government wants gas to be piped to East Timor and not Australia. Australia's relationship with East Timor is "stronger than at any time in the last decade", Australia's Department of Foreign Affairs said in a statement.

Persons: Jose Ramos, Caitlin Ochs, Horta, Xanana Gusmao, Xi Jinping, heightening, Ramos, Kirsty Needham, Lincoln Organizations: Sustainable, United Nations, REUTERS, Rights, East, Reuters, Southeast, ASEAN, Canberra, Woodside Energy, Greater Sunrise, Greater, Australia, UN's, Fund for Agricultural Development, Global Citizen, Pacific, Australia's Department of Foreign Affairs, Thomson Locations: Horta, Timor, New York City , New York, U.S, East Timor, China, Australia, Indonesia, Canberra, Solomon Islands, 2,000km, Timor Leste, ASEAN, Singapore, Malaysia, East Timor's, Dili, Greater Sunrise, Southeast Asia, Woodside, New York

☆ Exclusive: Timor president says China military cooperation 'never discussed'
▼ + stars: | 2023-09-29 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

The agreement also provided scope for funding from China including government and commercial loans to East Timor, he said. Some Australian politicians expressed concern after China's state media reported on Saturday that Beijing's agreement with East Timor, around 700km (450 miles) north-west of Australia, also covered military exchanges. "It was never discussed in terms of military cooperation, never discussed, and the Chinese side also never raised this issue," Ramos-Horta said. East Timor, also known as Timor Leste, aims to join the Southeast Asian regional bloc ASEAN by 2025 as it seeks to reduce high poverty rates. Australia has appointed an envoy to speed up negotiations between East Timor and Woodside; Gusmao's government wants gas to be piped to East Timor and not Australia.

Persons: Jose Ramos, Caitlin Ochs, Horta, Xanana Gusmao, Xi Jinping, heightening, Ramos, Kirsty Needham, Lincoln, 私 Organizations: Sustainable, United Nations, REUTERS, Rights, East, Reuters, Southeast, ASEAN, Canberra, Woodside Energy, Greater Sunrise, Greater, Australia, UN's, Fund for Agricultural Development, Global Citizen, Pacific Locations: Horta, Timor, New York City , New York, U.S, East Timor, China, Australia, Indonesia, Canberra, Solomon Islands, 2,000km, Timor Leste, ASEAN, Singapore, Malaysia, East Timor's, Dili, Greater Sunrise, Southeast Asia, Woodside, United States, New York

☆ China, resource-rich East Timor upgrade bilateral ties
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +3 min

He said he would continue to foster a relationship with the United States, but added that East Timor would not be implicated in any rivalry between Beijing and Washington. East Timor welcomes strong ties with all countries, including its southern neighbour Australia, Ramos-Horta said last year. Upgrading their ties, China and East Timor agreed to cooperation under the Belt and Road Initiative championed by Xi, that could open the way for investment in infrastructure. China sent its military-run hospital ship to the Pacific in July to visit countries including East Timor and the Solomon islands. In a joint declaration, released on state run China Central Television (CCTV) on Saturday, China said it would provide help for East Timor's economic and societal development.

Persons: Xanana Gusmao, Mast, Xi Jinping, Jose Ramos, Ramos, Horta, Xi, Albee Zhang, Ryan Woo, Simon Cameron, Moore Organizations: Timor's, 43rd Association of Southeast Asian Nations, ASEAN, Rights, East Timor's, Asian Games, East, Washington . East Timor, Initiative, Pacific, China Central Television, Greater, Thomson Locations: Jakarta, Indonesia, Rights BEIJING, China, East Timor, Beijing, Hangzhou, Horta, United States, Timor, Washington . East, Australia, Southeast Asia, New Zealand, Solomon, Greater Sunrise

☆ Portugal chalk up record win with 9-0 thrashing of Luxembourg
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

Sept 11 (Reuters) - Portugal enjoyed their biggest-ever win as they thumped Luxembourg 9-0 at Estadio Algarve on Monday to preserve their perfect record in Euro 2024 qualifying. Substitute Joao Felix secured the record victory with a goal two minutes from time after Goncalo Inacio, Goncalo Ramos, and Diogo Jota all scored twice. Portugal's previous record was 8-0, which they achieved three times - twice against Liechtenstein (1994 and 1999) and once versus Kuwait (2003). Portugal have won all six of their Group J matches under Roberto Martinez, who took over in January, scoring 24 goals with none conceded. The result matched the biggest-ever loss for Luxembourg, who have 10 points and are third, three points behind Slovakia.

Persons: Joao Felix, Goncalo Inacio, Goncalo Ramos, Diogo Jota, Ricardo Horta, Bruno Fernandes, Roberto Martinez, Tommy Lund, Ken Ferris Organizations: Estadio Algarve, Liechtenstein, Slovakia, Thomson Locations: Portugal, Luxembourg, Kuwait, Slovakia, Gdansk

☆ East Timor condemns Myanmar's expulsion of top diplomat
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Soe Zeya Tun Acquire Licensing RightsJAKARTA, Aug 27 (Reuters) - Myanmar's military government has ordered East Timor's top diplomat to leave the country, the government of East Timor - a vocal critic of Myanmar's leadership - said in a statement condemning the rare action. Myanmar's government, which assumed power in a coup in 2021, has not made any announcement on the matter and a spokesperson was not immediately available for comment. East Timor politicians have been outspoken critics of Myanmar's military government and President Jose Ramos-Horta has met with a top representative from Myanmar's shadow National Unity Government (NUG), which opposes military rule. The country's charge d'affaires must leave Myanmar by Sept. 1, NUG human rights minister Aung Myo Min said on Facebook. In protest against the 2021 coup, many countries have charges d'affaires in Myanmar instead of ambassadors.

Persons: Pope Francis, Soe Zeya, Myanmar's, Jose Ramos, Aung Myo Min, Christopher Cushing Organizations: San Football, REUTERS, Rights, East, . East, National Unity Government, Facebook, Reuters, Thomson Locations: Myanmar, Yangon, Rights JAKARTA, East Timor's, East Timor, ., . East Timor, Horta

☆ East Timor heads to the polls in parliamentary election
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +2 min

[1/3] East Timor's then-Prime Minister Mari Alkatiri stands during his swearing-in ceremony in Dili, East Timor, September 15, 2017. REUTERS/Lirio Da FonsecaJAKARTA, May 21 (Reuters) - East Timorese voters headed to the polls on Sunday in a parliamentary election that analysts said would likely see two resistance-era figures battle to be prime minister. Sunday's poll is the country's fifth parliamentary election since East Timor gained full independence in 2002 following decades-long occupation by Indonesia. East Timor has in recent years grappled with diversifying its oil- and gas-dependent economy. Leach said the victory of Jose Ramos Horta in last year's presidential election was seen as paving a way for CNRT's return to power.

☆ Mediobanca buys Arma Partners to boost tech advisory offer
▼ + stars: | 2023-05-18 | by ( Valentina Za | ) www.reuters.com time to read: +2 min

The acquisition, which Mediobanca expects to boost its fee income by 10%, comes ahead of a new three-year strategy CEO Alberto Nagel will unveil on May 24. In the same year, it advised Germany's Aareal Bank (ARLG.DE) on the sale of a stake in its $1.1 billion software unit Aareon to Advent International. The deal will boost earnings per share, based on last year's figures, Mediobanca said, without elaborating. With 86 staff and some $100 million in yearly revenue, Arma was founded in 2003 by Paul-Noël Guély, a former head of software and services investment banking at Goldman Sachs. Arma has offices also in Munich, a U.S. presence and a network of affiliated advisory firms in Japan, Australia, Israel, Turkey and Brazil.

Bischoff died on Tuesday of natural causes, a close relative, who asked not to be named, told Reuters on Wednesday. A former chairman of Lloyds Banking Group (LLOY.L), Citigroup (C.N) and more recently JP Morgan Securities (JPM.N), Bischoff had also been CEO of Schroders (SDR.L). Robert Swannell, former chairman of Marks & Spencer, who worked with Bischoff for 33 years at Schroders and later Citi, said he would profoundly mourn his friend and colleague. The deal was hailed as a huge success for Bischoff's leadership team, having started with a business worth just a fraction of the 1.3 billion pounds price Citi later paid. He returned to JP Morgan as chairman of JP Morgan Securities the same year.

☆ Under Lisbon's streets, ancient Roman galleries tell story of the past
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +1 min

[1/5] View of Roman galleries under downtown is seen in Lisbon, Portugal, April 20, 2023. The city remained under Roman control for several centuries. The galleries were first discovered in 1771, when Lisbon was being rebuilt after the devastating Great Earthquake of 1755. Tickets to visit the galleries usually sell out within 15 minutes. Reporting by Catarina Demony, Miguel Pereira and Pedro Nunes in Lisbon; Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ From spying to Swiss bailout: How years of turbulence at Credit Suisse came to a head
▼ + stars: | 2023-03-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The logo of Swiss bank Credit Suisse is seen at an office building in Zurich, Switzerland February 21, 2022. The announcement that Credit Suisse would borrow up to 50 billion Swiss francs ($54 billion) from the central bank came after consecutive sessions of steep drops in its share price. It made Credit Suisse the first major bank to receive such an intervention since the 2008 Global Financial Crisis. Scandals Credit Suisse is currently undergoing a massive strategic overhaul in a bid to address these chronic issues. These oversight failures resulted in a massive shakeup of Credit Suisse's investment banking, risk and compliance and asset management divisions.

☆ How Credit Suisse has evolved over 167 years
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +5 min

Here is how Credit Suisse has developed over 167 years:1856Politician and business leader Alfred Escher founds Schweizerische Kreditanstalt (SKA) to finance the expansion of the railroad network and promote Swiss industrialisation. 1997A reorganisation turns CS Holding into Credit Suisse Group and drops the SKA name; it also buys insurer Winterthur, a strategic partner. 2002A reorganisation creates two units: Credit Suisse Financial Services and Credit Suisse First Boston; two years later it splits into three units by adding Winterthur. 2005Credit Suisse and CSFB merge and stop using the Credit Suisse First Boston brand name. The Swiss authorities provide assurances that Credit Suisse has met "the capital and liquidity requirements imposed on systemically important banks".

☆ Factbox: FACTBOX Credit Suisse's troubles - spies, money laundering and central bank cash
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +6 min

Lescaudron was convicted by a Swiss court in 2018 of having forged the signatures of former clients, including Ivanishvili, over an eight-year period. Credit Suisse has said it expects the case, which it is appealing, to cost it around $600 million. The hedge fund's highly leveraged bets on certain technology stocks backfired and the value of its portfolio with Credit Suisse plummeted. Swiss regulators have rebuked Credit Suisse for "serious" failings in its handling of the multi-billion dollar business with Greensill. In response, Credit Suisse said it condemned the spying and had taken "decisive" steps to improve its governance and strengthen compliance.

☆ Explainer: Credit Suisse: How did it get to crisis point?
▼ + stars: | 2023-03-16 | by ( Anshuman Daga | ) www.reuters.com time to read: +3 min

Credit Suisse confirmed last month that clients had pulled 110 billion Swiss francs of funds in the fourth quarter while the bank suffered its biggest annual loss of 7.29 billion Swiss francs since the financial crisis. In December, Credit Suisse had tapped investors for 4 billion Swiss francs. Reuters Graphics Reuters GraphicsWHAT STEPS CAN CREDIT SUISSE TAKE TO CALM INVESTORS? HOW IMPORTANT IS CREDIT SUISSE? Credit Suisse has a local Swiss bank, wealth management, investment banking and asset management operations.

☆ What happened at Credit Suisse and how did it reach crisis point?
▼ + stars: | 2023-03-16 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

In December, Credit Suisse had tapped investors for 4 billion Swiss francs. Credit Suisse shares have lost more than 75% of their value over the past twelve months. Reuters Graphics Reuters GraphicsWHAT STEPS CAN CREDIT SUISSE TAKE TO CALM INVESTORS? HOW IMPORTANT IS CREDIT SUISSE? Credit Suisse has a local Swiss bank, wealth management, investment banking and asset management operations.

☆ Factbox: Credit Suisse's troubles - spies, money laundering and takeover
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +6 min

Credit Suisse has said it expects the case, which it is appealing, to cost it around $600 million. The hedge fund's highly leveraged bets on certain technology stocks backfired and the value of its portfolio with Credit Suisse plummeted. Swiss regulators have rebuked Credit Suisse for "serious" failings in its handling of the multi-billion dollar business with Greensill. Switzerland's financial regulator said Credit Suisse had misled it about the scale of the spying. In response, Credit Suisse said it condemned the spying and had taken "decisive" steps to improve its governance and strengthen compliance.

[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.

☆ Brazil's BTG gets court decision reversing part of Americanas' protection from creditors
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Jan 18 (Reuters) - Brazilian bank BTG Pactual obtained a court decision on Wednesday overturning part of Americanas SA's (AMER3.SA) protection from creditors, according to court documents seen by Reuters, in a move the retailer says "harms its viability". BTG confirmed the decision in a securities filing, but did not give details. Americanas told Reuters in a statement that the "unilateral action taken by its creditors harms its viability", adding it was still seeking a short-term solution for its creditors. Later on Wednesday, Brazilian lender Bradesco (BBDC4.SA) said it had asked a Rio de Janeiro court to only allow Americanas to withdraw funds from the bank with prior approval. Americanas confirmed that Bradesco withheld more than 450 million reais ($86.77 million) from the company's cash position, "acting in disagreement with the injunction" the retailer had obtained protecting it from creditors.

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