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☆ Volkswagen strikes direct supply deals for chips to avoid global shortage
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] Volkswagen's factory is seen in Sao Bernardo do Campo, Sao Paulo state, Brazil June 28, 2023. Demand for chips has risen dramatically in the car industry in line with electric vehicle production and the need for increasingly complex software. Volkswagen and Franco-Italian chipmaker STMicroelectronics (STMPA.PA) announced plans last July to co-develop a new semiconductor, marking VW's first direct relationship with a second- and third-rank semiconductor supplier. Volkswagen has not struck a direct supply relationship with TSMC - the world's biggest contract manufacturer of semiconductors - but meets with them every few weeks to communicate its demand situation, Schnake said. The carmaker also plans to reduce the variety of chips required in its vehicles to simplify the supply chain, which will also help simplify its software offering, Schnake added.

Persons: Campo, Leonardo Benassatto, chipmakers, Karsten Schnake, Dirk Grosse, Taiwan's TSMC, Schnake, Victoria Waldersee, Jan Schwartz, Bill Berkrot Organizations: REUTERS, Rights, NXP Semiconductors, Infineon Technologies, Renesas Electronics, Volkswagen, Intel, Thomson Locations: Sao Bernardo, Sao Paulo state, Brazil, Berlin, Germany

SAO PAULO, May 16 (Reuters) - France's Thales SA (TCFP.PA) will provide maintenance services for Brazilian airline Gol (GOLL4.SA) in Brazil instead of abroad, the companies outlined on Tuesday in a deal that aims to cut turnaround time and lower costs. Under the deal, Gol Linhas Aereas Inteligentes SA, as the airline is formally known, will no longer need to ship its Thales equipment to the United States or France for maintenance, as they will now be repaired at a Thales plant near Sao Paulo. Thales supplies avionics to Gol, which has a fleet of roughly 120 Boeing (BA.N) aircraft, and to local rival Azul , which mainly operates Airbus (AIR.PA) and Embraer (EMBR3.SA) aircraft. Gol and Thales did not disclose financial details of their deal, but the carrier's director of maintenance, Fernando Miwa, said Thales' investments in Brazil would provide local operators with an opportunity to cut costs. "The market for this type of service in Brazil is still very limited," Miwa said.

☆ 6 climate wins from 2022 that are worth celebrating
▼ + stars: | 2022-12-30 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +8 min

Sweeping climate legislation passed, climate candidates won, and animals got important protections. Here are six of the year's highlights in climate progress, according to experts. But through it all, there was encouraging progress on climate that's worth celebrating. Peter B. de Menocal, president of the Woods Hole Oceanographic Institution, told Insider that the event featured the first-ever Ocean Pavilion. "I want to invite other Indigenous communities in Ecuador and the world to join these collective fights happening in Amazonia," Lucitante previously told Insider.

☆ Brazil's Lula seen favoring leftist Haddad for finance minister, sources say
▼ + stars: | 2022-11-16 | by ( Lisandra Paraguassu | ) www.reuters.com time to read: +4 min

REUTERS/Mariana Greif/File PhotoBRASILIA, Nov 16 (Reuters) - Leftist former Sao Paulo Mayor Fernando Haddad is emerging as the front-runner to be Brazilian President-elect Luiz Inacio Lula da Silva's finance minister, three sources told Reuters, although they said no final decision has yet been made. Investors, already jittery over Lula's spending plans, are eager to learn who will be Brazil's next finance minister. Lula is not expected to announce any of his ministers until early December after he returns from Egypt and Portugal trips. Markets tumbled in Brazil last week on concerns that Lula was delaying the naming of his finance minister and disregarding fiscal discipline as he studied ways to bypass the budget spending ceiling. Haddad failed in his bid to be Sao Paulo governor in last month's election, losing out to Bolsonaro's pick for the job.

☆ Polls close in Brazil’s polarizing Bolsonaro-Lula contest
▼ + stars: | 2022-10-30 | by ( ) www.cnbc.com time to read: +9 min

The runoff shaped up as a close contest between President Jair Bolsonaro and his political nemesis, former President Luiz Inácio Lula da Silva. There were multiple reports of what critics said appeared attempts to suppress the turnout of likely da Silva voters. Most opinion polls gave a lead to da Silva, universally known as Lula, though political analysts agreed the race grew increasingly tight in recent weeks. But while da Silva topped the Oct. 2 first-round elections with 48% of the vote, Bolsonaro was a strong second at 43%, showing opinion polls significantly underestimated his popularity. "If da Silva wins, we're going to have a problem," said Pedro Correia, 40, who joined his wife and two children in Copacabana.

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