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[1/2] Republican presidential candidate and Florida Governor Ron DeSantis speaks at the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. According to the latest Reuters/Ipsos poll conducted before the debate, 8% of Republicans supported Pence, 7% backed Ramaswamy and 5% supported Haley. SEVERAL CONTENDERSCandidates like Pence, Haley and South Carolina Senator Tim Scott receiving attention from donors and voters is bad news for DeSantis. Jay Zeidman, a Houston-based donor and DeSantis bundler, said "the governor did what he needed to do" at the debate. But DeSantis was hardly mentioned by his rivals, and he ended up speaking less than Pence, Haley and Ramaswamy.

Persons: Ron DeSantis, Brian Snyder, Donald Trump's, Donald Trump, Vivek Ramaswamy, Nikki Haley, Mike Pence, Pence, Ramaswamy, Haley, DeSantis, Trump, Brett Doster, Robert Doar, Tim Scott, assertively, Dan Eberhart, Jay Zeidman, DeSantis bundler, Nikki, Christie, Vivek, Scott, Chris Christie, Gram Slattery, James Oliphant, Alexandra Ulmer, Ross Colvin Organizations: Republican, Florida, REUTERS, Rights, American Enterprise Institute, Trump, South, DeSantis, Reuters, America, New, Thomson Locations: Milwaukee , Wisconsin, U.S, Florida, Milwaukee, Tallahassee, United States, Ukraine, South Carolina, Houston, Texas, New Jersey, California, Washington, San Francisco

☆ Brazil clears bottlenecks to oust US as top corn exporter
▼ + stars: | 2023-08-24 | by ( Ana Mano | ) www.reuters.com time to read: +7 min

"We celebrated a lot... when (corn export) volumes via northern ports equaled Santos," said Sergio Mendes, head of Brazilian grain exporter group Anec. "By using northern ports... you are saving 20 reais ($4.12) per ton (of corn)." Treemap with data from Cargonave show the percentage share of corn exports of Brazil ports in north and south part of the country. CHEAPER ROUTE TO CHINAThe new export capacity has helped grains shipped from Brazil's northern ports to compete on logistics costs with U.S. farmers. "The greater share of shipments through northern ports reflects cheaper freight costs compared to routes to the ports in the south and southeast," said Thome Guth, a Conab official.

Persons: Adriano Machado, Sergio Mendes, Louis Dreyfus, Brazil's, Thiago Pera, Santos, ", Thome Guth, Ana Mano, Brad Haynes, Marguerita Choy Organizations: REUTERS, SAO PAULO, China, U.S, Cargill, Bunge, Louis Dreyfus Commodities, TCU, Shipping, U.S . Department of Agriculture, COFCO, Santos, Thomson Locations: Brasilia, Brazil, Santos, Ukraine, China, U.S, Northern, Madeira, Santarem, Barcarena, Itaqui, Canada, Argentina, Mato Grosso, CHINA, Iowa, Shanghai, Itacoatiara, Chicago, Para, Norte Sul, Tocantins, Goias, Minas Gerais, Mato

Firefighters work amid aircraft wreckage at an accident scene following the crash of a private jet in the Tver region, Russia, August 23, 2023. Yevgeny Prigozhin, chief of Russian private mercenary group Wagner, was reportedly listed as a passenger on a private jet which crashed north of Moscow on August 23, 2023. Within about 30 seconds, the aircraft had plummeted more than 8,000 feet from its cruising altitude of 28,000 feet. “Whatever happened, happened quickly,” Petchenik said. “They may have been wrestling (with the aircraft) after whatever happened," Petchenik said.

Persons: Yevgeny Prigozhin, Wagner, Prigozhin, ”, Ian Petchenik, ” Petchenik, “, Petchenik, Flightradar24, Valerie Insinna, Allison Lampert, Gabriel Araujo, Caroline Pulice, Cynthia Osterman Organizations: Acquire, Embraer, EMBR3, ”, Reuters, planemaker Embraer SA, Russia, Thomson Locations: Tver, Russia, Moscow, St . Petersburg, Kuzhenkino, Tver Region, Flightradar24, Russian, Belarus, Washington, Montreal, Sao Paulo, Mexico City

☆ Global stock market correction likely before year-end: Reuters poll
▼ + stars: | 2023-08-23 | by ( Hari Kishan | ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummary poll dataReuters poll graphic on global stock market outlookBENGALURU, Aug 23 (Reuters) - Global stock markets are heading for a correction in coming months, though overall they should post marginal gains between now and the end of 2023, according to a majority of analysts polled by Reuters. A bad year for stocks in 2022 carried into this year as global central banks battled inflation with interest rate rises that are now largely drawing to an end. A 71% majority of analysts, 55 of 77, who answered an additional question in the Aug. 9-23 poll said a correction by year-end in their local equity market was either likely or very likely. A "fear of missing out" is said to have helped drive much of the equity market rallies of recent years. The year-end forecast in February's Reuters poll was 4,200.

Persons: Brendan McDermid, Jerome Powell, Marko Kolanovic, Morgan, Terry Sandven, Europe's, Hari Kishan, Indradip Ghosh, Ross Finley, John Stonestreet Organizations: New York Stock Exchange, REUTERS, Reuters, Treasury, NIKKEI, February's Reuters, U.S, Bank Wealth Management, Japan's Nikkei, IPC, Thomson Locations: New York City, U.S, BENGALURU, Jackson, February's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto

☆ 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

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

☆ Brazil's Lula in favor of Argentina joining BRICS bloc
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

SAO PAULO, Aug 22 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wanted Argentina to join the BRICS group of emerging countries, as Brazil's neighbor struggles with a lack of foreign reserves. "It is very important for Argentina to be in BRICS," Lula said in a live broadcast on social media as he attends the bloc's summit in South Africa. Argentina, whose largest trade partner is Brazil, has previously said it intended to join the BRICS bloc. Lula also said he was in favor of other countries joining the alliance, mentioning Indonesia as a potential new member. "We do not want to be a counterpoint to the G7, G20 or the United States," Lula said.

Persons: Luiz Inacio Lula da Silva, Lula, Javier Milei, Ian Bremmer, Gabriel Araujo, Kylie Madry, Mark Potter Organizations: SAO PAULO, International Monetary Fund, South, U.S ., Thomson Locations: Argentina, BRICS, South Africa, Brazil, Russia, India, China, Indonesia, Babel, Eurasia, Saudi Arabia, United States

SAO PAULO, Aug 21 (Reuters) - Latin American corporate card provider Clara has launched cross-border transactions, the company announced on Monday, expecting to move up to $100 million by the end of the year. Through the service, clients can now pay bills in major foreign currencies, Clara said in a statement. Earlier this month, Clara announced it was moving its headquarters from Mexico to Brazil, betting on the South American country becoming its largest market by 2024. Half of the company's leadership is already based in Brazil, Clara said on Monday. ($1 = 17.0143 Mexican pesos)Reporting by Kylie Madry; Editing by Conor Humphries and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

Persons: Clara, nearshoring, Clara said, Kylie Madry, Conor Humphries, Cynthia Osterman Organizations: SAO PAULO, Reuters, Thomson Locations: American, Mexico, Colombia, Brazil

WASHINGTON, Aug 22 (Reuters) - Eight top Republican presidential contenders will take part on Wednesday in the first debate of the 2024 primary election cycle. All major Republican candidates will be present with one major exception: former President Donald Trump. They are also required to sign a pledge certifying that they will support the eventual Republican nominee. In some cases, during previous primary campaigns, poor performances have sunk candidacies, while strong performances have launched minor candidates into the top tier. Several more are likely, with an October debate likely to occur in Alabama, according to a person familiar with the operations of the Republican National Committee.

Persons: Joe Biden, Donald Trump, Tucker Carlson, Ron DeSantis, Mike Pence, Vivek Ramaswamy, Nikki Haley, Tim Scott, Asa Hutchinson, Chris Christie, Doug Burgum, Kim Reynolds, Evelyn Hockstein, Martha MacCallum, Bret Baier, Trump, Gram Slattery, Susan Heavey, Ross Colvin, Alistair Bell, Bernadette Baum Organizations: Fox News, Democratic, WHO, Republican, Trump, Florida, New, North Dakota, Iowa, Fair, REUTERS, Republican National Committee, Thomson Locations: Milwaukee, Fox News . Wisconsin, U.S, Tim Scott , Arkansas, New Jersey, North, Iowa, Des Moines , Iowa, California, Alabama

[1/2] Republican presidential candidate Ron DeSantis speaks next to Iowa Governor Kim Reynolds during a "Fair-Side Chat" hosted by the governor at the Iowa State Fair in Des Moines, Iowa, U.S., August 12, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON, Aug 21 (Reuters) - Several top Republican presidential contenders on Wednesday will take part in the first debate of the 2024 primary election cycle. All major Republican candidates will be present with one major exception: former President Donald Trump. The candidates are also required to sign a pledge certifying that they will support the eventual Republican nominee. Several more are likely to take place, however, with an October debate likely to occur in Alabama, according to a person familiar with the operations of the Republican National Committee.

Persons: Ron DeSantis, Kim Reynolds, Evelyn Hockstein, Joe Biden, Donald Trump, Tucker Carlson, Nikki Haley, Tim Scott, Mike Pence, Chris Christie, Doug Burgum, Asa Hutchinson, Martha MacCallum, Bret Baier, Trump, Gram Slattery, Ross Colvin, Alistair Bell Organizations: Republican, Iowa, Fair, REUTERS, Rights, Fox News, Democratic, WHO, Trump, New, Republican National Committee, Thomson Locations: Iowa, Des Moines , Iowa, U.S, Milwaukee, Fox News . Wisconsin, Florida, New Jersey, North Dakota, Arkansas, California, Alabama

Playing a quiet but important role in shaping the governor's remarks was the Washington-based Heritage Foundation, America's top conservative think tank, according to two people with knowledge of their interactions. The range and frequency of those discussions with DeSantis' campaign have not been previously reported. In addition to Carmack, the policy director, at least seven other Heritage staffers have taken positions in the DeSantis campaign. Whether DeSantis' connection to the think tank has been helpful for his campaign is an open question. Following the controversial March 13 statement, Heritage officials had a suggestion for the campaign, according to one person with knowledge of the discussions.

Persons: Ron DeSantis, Kevin Roberts, Tucker Carlson, DeSantis, Donald Trump, Bryan Griffin, Heritage, Griffin, Generra Peck, Trump, Noah Weinrich, Weinrich, Roberts, Dustin Carmack, Carmack, Steve Bradbury, Bradbury, Joe Biden's, David Dewhirst, Gram Slattery, Ross Colvin, Daniel Flynn Organizations: Florida, The Heritage Foundation, Gaylord National Resort, Center, REUTERS, Sarah, Fox News, Heritage Foundation, Senior Heritage, Heritage, Republican, TALLAHASSEE, Mar, Trump, Justice Department, Department of Education, FBI, Department of Transportation, Democratic Party, Top Heritage, Economic, Reuters, Republican Party, Fox Nation, Thomson Locations: National Harbor, M.D, WASHINGTON, Florida, Ukraine, United States, Washington, U.S, Russia, China, Milwaukee, Tallahassee , Florida, Tallahassee

☆ Brazil govt pushes Congress to approve 'green' bills before COP28
▼ + stars: | 2023-08-18 | by ( Leticia Fucuchima | ) www.reuters.com time to read: +3 min

[1/2] A view of a wind farm is seen in the city of Osorio, in southern Brazil, November 30, 2007. Rollemberg said the government-sponsored bills would be focused on four main topics: establishing a new carbon market, regulating offshore wind power, launching the "Fuel of the Future" project and regulating green hydrogen. That bill might be submitted to Congress as early as next week, the secretary said. It's more than enough time for Congress to pass all the bills," Rollemberg said. The South American nation is set to host the U.N. climate talks in 2025 in the Amazonian town of Belem.

Persons: Jamil Bittar, Rodrigo Rollemberg, Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Rollemberg, Leticia Fucuchima, Gabriel Araujo, Marguerita Choy Organizations: REUTERS, Rights, Boeing, SAO PAULO, Reuters, United Nations, SAF, Thomson Locations: Osorio, Brazil, BRAZIL, Dubai, Belem

[1/2] Republican presidential candidate Ron DeSantis speaks next to Iowa Governor Kim Reynolds during a "Fair-Side Chat" hosted by the governor at the Iowa State Fair in Des Moines, Iowa, U.S., August 12, 2023. The DeSantis campaign, Never Back Down and Axiom did not immediately respond to requests for comment. DeSantis' campaign, which is in charge of the Florida governor's debate preparations, is under no obligation to accept Never Back Down's advice, and it is unclear if they will. Trump, who is by far the frontrunner, has said he is unlikely to take part in the debate, which will take place in Milwaukee. That leaves DeSantis as the top target on the stage, even as his hold on second place is shrinking.

Persons: Ron DeSantis, Kim Reynolds, Evelyn Hockstein, Donald Trump, Vivek Ramaswamy, Joe Biden, Ramaswamy, lobbed, Chris Christie, Trump, Christie, DeSantis, Gram Slattery, James Oliphant, Ross Colvin Organizations: Republican, Iowa, Fair, REUTERS, Rights, The New York Times, Trump, New, DeSantis, Reuters, Thomson Locations: Iowa, Des Moines , Iowa, U.S, New Hampshire, New Jersey, Florida, Milwaukee

☆ Buffett-backed Nubank posts record revenue on strong user growth
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

The logo of Nubank, a Brazilian FinTech startup, is pictured at the bank's headquarters in Sao Paulo, Brazil June 19, 2018. REUTERS/Paulo Whitaker/file photo Acquire Licensing RightsAug 15 (Reuters) - Brazil's Nubank (NUN.MX) on Tuesday reported record revenue for the second quarter as the Warren Buffett-backed digital banking firm logged a surge in new customers. Nubank added 4.6 million customers in the quarter ended June 30, reaching a total of 83.7 million customers globally, representing 28% growth from a year earlier. This helped total revenue surge 60% to $1.9 billion from a year earlier, while monthly average revenue per active customer (ARPAC) increased to $9.30, an 18% rise on foreign exchange-neutral basis. Reporting by Manya Saini in Bengaluru and Peter Siqueira in Sao Paulo; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Paulo Whitaker, Warren Buffett, David Vélez, Nubank, Manya Saini, Peter Siqueira, Shinjini Organizations: REUTERS, Sao Paulo, Thomson Locations: Brazilian, Sao Paulo, Brazil, New York, Bengaluru, Sao

☆ Latin Americans fall prey to more online scams as cybersecurity lags
▼ + stars: | 2023-08-15 | by ( Carolina Pulice | ) www.reuters.com time to read: +4 min

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

REUTERS/Paulo Whitaker/file photo Acquire Licensing RightsNEW YORK, Aug 15 (Reuters) - Private equity firm Bain Capital on Tuesday agreed to buy Fogo de Chão, in a deal people familiar with the matter said valued the Brazilian steakhouse chain at about $1.1 billion, including debt. The deal marks a win for private equity firm Rhone Capital, which took Fogo de Chão private for $560 million in 2018. The restaurant chain confidentially submitted paperwork for an initial public offering to regulators in late 2021, the sources said. Earlier in August, the Pollo Tropical restaurant chain was sold to Authentic Restaurant Brands for $225 million. Morgan Stanley & Co LLC is serving as financial adviser to Fogo de Chão and Rhône, while Sullivan & Cromwell served as legal counsel.

Persons: Paulo Whitaker, Rhône, Bain, Burger King, Dunkin, Ellis, Morgan Stanley, Sullivan, Cromwell, Abigail Summerville, Anirban Sen, Jonathan Oatis Organizations: Fogo de Chao, REUTERS, Bain Capital, Rhone Capital, Dunkin ’ Brands Inc, Brands Inc, Benihana, Deutsche Bank, Kirkland, Thomson Locations: Fogo de, Fogo de Chao Brazilian, Sao Paulo, Brazil, Chão, Fogo, Rhone, Southern Brazil, dealmaking, Sandwich, New York

An Embraer E195-E2 Profit Hunter aircraft is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier//File PhotoSAO PAULO, Aug 14 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday shot past market estimates for second-quarter results, with its chief executive voicing optimism about upcoming quarters for the company. "Despite the supply chain challenges, we are very optimistic about this year after a good Q2," Gomes Neto said. "We're working hard so next year we can better spread out production and deliveries throughout the year, which will further improve the company's performance," Gomes Neto added. The planemaker reported a 25% increase in second quarter adjusted net profit to $57.9 million, more than double the $24.3 million forecast by analysts polled by Refinitiv.

Persons: Benoit Tessier, Francisco Gomes Neto, Gomes Neto, BTG Pactual, Gabriel Araujo, Jason Neely, Barbara Lewis, Sharon Singleton Organizations: Embraer, Hunter, International Paris Air, Le, REUTERS, SAO PAULO, EMBR3, Airbus, Boeing, Refinitiv, JPMorgan, Thomson Locations: Le Bourget, Paris, France

☆ Ford reaches deal to move industrial unit to Brazil's Bahia state
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. Chinese electric vehicle manufacturer BYD has shown interest in the complex, located in the Camacari industrial park. The automaker has since at least mid-2022 been trying to reach a deal with Ford and the Bahia government to acquire the asset. BYD said in a statement that it "continues with the planning to invest in the Camacari industrial park, maintaining the necessary negotiations with the Bahia government." It was not immediately clear whether the industrial unit mentioned by the company involves the Ford area.

Persons: Wolfgang Rattay, BYD, Alberto Alerigi Jr, Sandra Maler Organizations: REUTERS, Ford, SAO PAULO, Thomson Locations: Frankfurt, Germany, Bahia

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

☆ 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

☆ Uruguay Wasn’t Supposed to Run Out of Water
▼ + stars: | 2023-08-10 | by ( Manuela Andreoni | More About Manuela Andreoni | ) www.nytimes.com time to read: +1 min

Uruguayans have been drinking, cooking and bathing with salty water for months. The longest drought the country has ever recorded left its capital, Montevideo, almost completely dry, forcing the city to add brackish water to its supplies. Water stress is a major concern all over the globe. Climate change didn’t directly cause the drought in Uruguay and neighboring Argentina, as we reported last year. But global warming was a factor in extreme heat that made the drought worse, scientists said, by increasing the loss of moisture from soil and plants.

Organizations: Times Magazine Locations: Montevideo, Iran, Cape Town, São Paulo, Brazil, Uruguay, Argentina

DeSantis' camp on Tuesday announced that it was ousting campaign manager Generra Peck and bringing in two top outside strategists. Replacing Peck, who is now the campaign's chief strategist, is James Uthmeier, previously the governor's chief of staff. Campaign insiders and donors say the replacement of Peck is unlikely to quell anxiety about the direction of DeSantis' campaign. NEW CAMPAIGN MANAGER, SAME STRATEGYUthmeier's appointment had been in the works for weeks, said one person close to the process. "With him, the governor has basically imposed his will in Tallahassee," said another person close to Uthmeier, referring to Florida's capital city.

Persons: Ron DeSantis, Scott Brown, Reba Saldanha, DeSantis, Generra Peck, Peck, James Uthmeier, Donald Trump, Robert Bigelow, Bigelow, James, Uthmeier, Trump, David Polyansky, Marc Reichelderfer, Gram Slattery, Ross Colvin, Alistair Bell Organizations: Republican U.S, REUTERS, Republican, Reuters, Republican Party, Thomson Locations: Florida, Rye , New Hampshire, U.S, Utah, Tallahassee, Iowa

Republican presidential candidate, Florida Governor Ron DeSantis, delivers remarks at the annual Christians United for Israel Summit (CUFI), at the Crystal Gateway Marriott in Arlington, Virginia, U.S., July 17, 2023. "Governor DeSantis has to change the dynamics," Eberhart said. DeSantis faces a crucial moment on Aug. 23 in Milwaukee at the first Republican debate of the 2024 campaign. "This is par for the course for DeSantis' campaigns," Ayres said. Republican Senator John McCain, for instance, fired almost all of his senior campaign staff in June 2007 before staging a comeback and ultimately clinching the 2008 Republican nomination.

Persons: Ron DeSantis, Kevin Wurm, Donald Trump, Generra Peck, James Uthmeier, Andrew Romeo, Dan Eberhart, Peck, Uthmeier, DeSantis, Eberhart, Joe Biden, Trump's, Wilbur Ross, Romeo, Robert Bigelow, Bigelow, Trump, David Polyansky, Whit Ayres, Ayres, John McCain, Gram Slattery, Alexandra Ulmer, Tim Reid, Ross Colvin, Will Dunham Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, REUTERS, Republican U.S, Republican, Democratic, Reuters, Trump, Thomson Locations: Arlington , Virginia, U.S, Florida, Milwaukee, Washington, San Francisco, Los Angeles

Republican presidential candidate, Florida Governor Ron DeSantis, delivers remarks at the annual Christians United for Israel Summit (CUFI), at the Crystal Gateway Marriott in Arlington, Virginia, U.S., July 17, 2023. "Governor DeSantis has to change the dynamics," Eberhart said. DeSantis faces a crucial moment on Aug. 23 in Milwaukee at the first Republican debate of the 2024 campaign. It is unclear what direction Uthmeier will take the DeSantis campaign as its new manager. "This is par for the course for DeSantis' campaigns," Ayres said.

Persons: Ron DeSantis, Kevin Wurm, Donald Trump, Generra Peck, James Uthmeier, Andrew Romeo, Robert Bigelow, Bigelow, Peck, Joe Biden, Trump, DeSantis, Romeo, David Polyansky, Dan Eberhart, Uthmeier, Eberhart, Wilbur Ross, Whit Ayres, Ayres, Gram Slattery, Alexandra Ulmer, Tim Reid, Scott Malone, Will Dunham Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, REUTERS, Republican U.S, Reuters, Republican, Democratic, Trump, Thomson Locations: Arlington , Virginia, U.S, Florida, Milwaukee, Washington, San Francisco, Los Angeles

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