DIRS.INFO The most relevant business & tech news

☆ Brazil's economy enters negative territory in Q3, shows central bank data
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Nov 17 (Reuters) - The Brazilian economy ended the third quarter in negative territory, central bank data showed on Friday, reversing a performance that had been surprisingly positive due to a booming farming sector. The IBC-Br index, a key predictor of gross domestic product (GDP), posted a seasonally adjusted 0.64% decline in the third quarter. The Finance Ministry last estimated a 3.2% gross domestic product (GDP) growth for this year after a robust first-half performance, a figure expected to be revised next week. Meanwhile, private economists surveyed weekly by the central bank project a 2.89% increase in GDP for this year. The September IBC-Br index was in line with a negative performance of the service sector, which accounts for roughly 70% of the country's activity, said Nova Futura economist Nicolas Borsoi.

Persons: Fernando Haddad, Nicolas Borsoi, Luiz Inacio Lula da Silva's, Marcela Ayres, Steven Grattan Organizations: IBC, Reuters, Finance, Finance Ministry, Nova Futura, Thomson Locations: BRASILIA, Brazilian

[1/2] A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. Lula told Prates that Petrobras should commission 25 ships to be built in Brazilian shipyards, instead of the four currently planned. When asked for comment, Petrobras referred Reuters to a Nov. 8 statement, in which it said it is still finalizing its investment plan. Last week, Reuters reported that Petrobras' plan will include around $100 billion in investments that the firm is both analyzing and those it has already committed to. In the previous 2023-2027 plan, Petrobras projected $78 billion in investments.

Persons: Sergio Moraes, Luiz Inacio Lula da Silva, Jean Paul Prates, Prates, Lula, Brazil's, Sabrina Valle, Lisandra Paraguassu, Rodrigo Viga Gaier, Marta Nogueira, Fabio Teixeira, Roberto Samora, Gabriel Stargardter, Marguerita Choy Organizations: REUTERS, HOUSTON, RIO DE, Petrobras, PETR4, Reuters, Thomson Locations: Rio de Janeiro, Brazil, BRASILIA, RIO, RIO DE JANEIRO, Brasilia, Mato Grosso, Sul, Petrobras

☆ Fires in Brazil's Pantanal wetland surge to November record on lack of rain
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

[1/2] An aerial view shows burnt trees near a river in The Pantanal, the world's largest wetland, in Pocone, Mato Grosso state, Brazil, August 28, 2020. The 2,387 fires recorded by Inpe in early November is already more than double October's figure and more than half of the total fires seen this year so far. Fires have more than tripled in the Pantanal compared with 2022, which was mild compared with the two previous years. Weather experts point to the El Nino phenomenon, aggravated by climate change, as being behind the sharp increase in fires. "There was sporadic rainfall at the end of October, but two or three days after it stopped, the fires came back," he added.

Persons: Amanda Perobelli, Inpe, El, Vinicius Silgueiro, Silgueiro, Lisandra Paraguassu, Gerry Doyle Organizations: REUTERS, Rights, Centro de Vida Institute, El Nino, Thomson Locations: Pocone, Mato Grosso, Brazil, Rights BRASILIA, Brazil's Pantanal

☆ Brazil's Lula welcomes citizens rescued from Gaza, condemns 'inhumane violence'
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

Lula greeted passengers with hugs and kisses after their arrival late on Monday evening, offering his support to Brazilians still in or arriving from the Gaza Strip and condemning the killing of civilians in Gaza. "I have never seen such brutal, inhumane violence against innocent people," Lula said in a short speech on the tarmac. The Gaza Strip has been under bombardment by Israel, which aims to annihilate Hamas, the militant group which runs the Gaza Strip and which attacked Israel from Gaza on Oct. 7, killing around 1,200 people. Gaza medical authorities say more than 11,000 people there have been confirmed killed, with about 40% of them being children. Lula echoed earlier criticisms of both Hamas for its attack against Israel and Israel for its reaction.

Persons: Luiz Inacio Lula da Silva, Lula, Peter Siqueira, Gabriel Araujo, Kylie Madry, Brendan O'Boyle, Raju Gopalakrishnan Organizations: SAO PAULO, Monday, Brasilia Air Base, Embraer, Gaza, South American, West Bank, Thomson Locations: Gaza, Rafah, Egypt, Cairo, Brazil, Las Palmas, Spain, Israel

☆ Brazil's Lula Welcomes Citizens Rescued From Gaza, Condemns 'Inhumane Violence'
▼ + stars: | 2023-11-13 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

Persons: Luiz Inacio Lula da Silva, Lula, Peter Siqueira, Gabriel Araujo, Kylie Madry, Brendan O'Boyle, Raju Gopalakrishnan Organizations: SAO PAULO, Reuters, Monday, Brasilia Air Base, Embraer, Gaza, South American, West Bank Locations: Gaza, Rafah, Egypt, Cairo, Brazil, Las Palmas, Spain, Israel

☆ Brazil Aims to Expand Rail System With Funds From Prior Contracts
▼ + stars: | 2023-11-13 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Lisandra ParaguassuBRASILIA (Reuters) - Brazil plans to expand its railway network with a 40 billion reais ($8 billion) fund that will be financed by removing discounts given to rail companies by previous government contracts, Transport Minister Renan Filho told Reuters. The Federal Audit Court is now reviewing those extensions after the government of President Lula da Silva disputed the discounts. "We think that some procedures adopted in the contracts are unacceptable," Filho said in an interview on Friday. According to the government, the companies owe an additional 40 billion reais ($8.1 billion) in unpaid concession payments. The government's goal is to have 40% of Brazil's freight, which is mostly iron ore, transported by rail, up from 17% today.

Persons: Renan Filho, Jair Bolsonaro, Lula da Silva, Filho, Rumo, São Paulo, Vale, Lisandra Paraguasu, Anthony Boadle, Emelia Sithole, Aurora Ellis Organizations: Reuters, Transport, Federal Audit Court, Vale, Rumo, TCU Locations: Paraguassu BRASILIA, Brazil, Carajas, Vitoria, Espirito Santo, São

☆ Trapped Brazilians, whose fate hurt Israel-Brazil ties, leave Gaza
▼ + stars: | 2023-11-12 | by ( Camila Moreira | ) www.reuters.com time to read: +2 min

The Brazilians are due back in Brazil late on Monday evening, the ministry said, and are expected to meet with President Luiz Inacio Lula da Silva. The Palestinian enclave has been under bombardment by Israel, which aims to destroy Hamas militants who attacked Israel from Gaza on Oct. 7. The slow pace of release of the trapped Brazilians increased friction between Brazil and Israel, which erupted last week after Israeli spy agency Mossad said it helped foil a Hezbollah attack in Brazil. An appearance by Israel's ambassador to Brazil with former President Jair Bolsonaro, a staunch Israel ally and longtime Lula political foe, also irked Brazilian officials. Reporting by Camila Moreira; Writing by Gabriel Stargardter; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Camila Moreira, Gabriel Stargardter, Grant McCool Organizations: Hamas, Maxar Technologies, REUTERS Acquire, SAO PAULO, Thomson Locations: Rafah, Gaza, Egypt, Israel, Palestinian, Brasilia, Cairo, Brazil

☆ Brazil minister angered by Israeli statement on foiled Hezbollah attack
▼ + stars: | 2023-11-09 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +2 min

Brazil's Minister of Justice Flavio Dino gestures during a press conference at the Planalto Palace in Brasilia, Brazil, November 1, 2023. Dino was responding to a highly unusual statement published on Wednesday in which Israel's Mossad agency thanked Brazilian police and said that, "given the backdrop of the war in Gaza", Hezbollah was continuing to attack Israeli, Jewish and Western targets. Without explicitly naming Israel, Dino said on X, formerly known as Twitter, that "Brazil is a sovereign country," and "no foreign force orders around the Brazilian Federal Police." He did not explicitly deny any of the details in the Israeli statement, but seemed more angered by its timing, tone and the link it drew to the current war in Gaza. Dino's comments may chill relations with the Israeli government as Brazil tries to negotiate a safe exit for around 30 Brazilians still stuck in Gaza.

Persons: Flavio Dino, Adriano Machado, Dino, Israel, Luiz Inacio Lula da Silva, Gabriel Stargardter, Maytaal Angel, Andrew Heavens Organizations: REUTERS, DE, Brazilian, Brazil's Federal Police, Brazilian Federal Police, Thomson Locations: Brasilia, Brazil, DE JANEIRO, Israel, Gaza, Bolivia, Colombia, Chile, Iran, Lebanon

"The revenue service is already organizing the implementation of this minimum taxation on multinationals," she said in an interview on Wednesday. The revenue service did not immediately respond to a request for comment. It advocates that this mechanism will ensure that large multinational companies pay a minimum 15% tax on their profits in all jurisdictions where they operate to deter profit-shifting to tax-favorable locations. The OECD estimates that the global minimum tax, already under way in countries including South Korea and Japan, could generate up to $200 billion in additional annual revenue. She also said Brazil aims to go further in the global tax discussion to reduce differences between advanced and emerging economies and to promote the green agenda.

Persons: India Narendra Modi, Luiz Inacio Lula da Silva, Joe Biden, Rishi Sunak, Kenny Holston, Tatiana Rosito, Maria Carolina Sampaio, GVM, Rosito, Marcela Ayres, Bernardo Caram, Matthew Lewis Organizations: U.S, UK, Rights, Finance, Reuters, Organization, Economic Cooperation, Development, OECD, International Monetary Fund, Thomson Locations: India, Brazil, New Delhi, Rights BRASILIA, South Korea, Japan, United States, Rosito, Brasilia

Brazil's Federal Police said in a statement they arrested two people, who they did not name, on terrorism charges in Sao Paulo. They also carried out search and seizure warrants in Sao Paulo, Brasilia and Minas Gerais states. Mossad thanked Brazilian security services for their role in helping to thwart the attack. Mossad said the "terrorist cell ... was operated by Hezbollah in order to carry out an attack on Israeli and Jewish targets in Brazil." Since the Oct. 7 attack, Hezbollah has been engaging Israeli forces along the border, in the deadliest escalation since it fought a war with Israel in 2006.

Persons: Benjamin Netanyahu's, Ricardo Berkiensztat, Jair Bolsonaro, Rodrigo Viga Gaier, Gabriel Stargardter, Steven Grattan, Lisandra, James Mackenzie, Lisa Shumaker Organizations: RIO DE, Hezbollah, Brazil's Federal Police, Islamic State, U.S . FBI, U.S . Treasury, Triple, Federal Police, Reuters, Jewish Federation of, State of, Iran's, Guards, Thomson Locations: RIO DE JANEIRO, Brazil, Iran, Sao Paulo, Brasilia, Minas Gerais, Lebanon, al Qaeda, Argentina, Paraguay, Israel, Gaza, State, State of Sao Paulo, Britain, Canada, Germany, Honduras, United States, U.S, Gulf, Jerusalem

☆ Nissan to invest $575 mln in Brazil plant by 2025
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: 1 min

A Nissan logo is seen next to a vehicle during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsRIO DE JANEIRO, Nov 7 (Reuters) - Japanese carmaker Nissan (7201.T) will invest 2.8 billion reais ($575.22 million) between 2023 and 2025 in its Resende plant in Brazil to produce two new SUV models, global CEO Makoto Uchida said on Tuesday. According to Uchida, the new generation of the Nissan Kicks will be one of the vehicles manufactured in Resende, which he said will become a hub for exports to other Latin American countries. The announcement comes a day after Uchida met with President Luiz Inacio Lula da Silva in Brasilia. ($1 = 4.8677 reais)Reporting by Rodrigo Viga Gaier; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

Persons: David, Dee, Delgado, Makoto Uchida, Uchida, Luiz Inacio Lula da Silva, Rodrigo Viga Gaier, Steven Grattan Organizations: New York, REUTERS, DE, Nissan, Thomson Locations: Manhattan , New York City, U.S, DE JANEIRO, Brazil, Resende, Brasilia

[1/6] A man works on a pole to restore electricity after a storm knocked down power cables in Sao Paulo, Brazil November 6, 2023. REUTERS/Carla Carniel Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Half a million residents of Sao Paulo remained without electricity on Monday three days after a storm knocked down power cables, leaving much of Brazil's largest city in the dark. The storm snapped branches and knocked down hundreds of trees that fell on overhead power lines in many streets of the city, initially cutting off 2.1 million customers in Metropolitan Sao Paulo, energy distribution company ENEL said. But what is shocking is that year after year there is not enough investment in burying the power cables. Reporting by Camila Moreira, Alberto Alerigi and Leticia Fucuchima in Sao Paulo; Anthony Boadle in Brasilia; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carla Carniel, Sao Paulo, ENEL, Denilson Laurindo, Thiago Gonzalez, Gonzalez, Flavio Dino, Alexandre Vieira Monteiro, Camila Moreira, Alberto Alerigi, Leticia Fucuchima, Anthony Boadle, Jonathan Oatis Organizations: REUTERS, SAO PAULO, Metropolitan Sao Paulo, Sao Paulo, Friday, Brazil's, Thomson Locations: Sao Paulo, Brazil, Sao, Brazil's, Metropolitan Sao, Morumbi, Brasilia

☆ Uruguay government members resign over passport scandal probe
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +2 min

Uruguay's President Luis Lacalle Pou reacts as he leaves the South American Summit at Itamaraty Palace in Brasilia, Brazil May 30, 2023. Interior Minister Luis Alberto Heber, a cabinet undersecretary and a chief adviser to President Luis Lacalle Pou will no longer be in the coalition government from Monday, the president announced on Saturday evening. Bustillo on Friday denied any wrongdoing, saying he did not know who Marset was at the time the passport was issued. The president, who returned on Saturday from meeting with U.S. President Joe Biden, said the passport should have been issued to Marset in accordance with Uruguay's laws. Of course not," Lacalle Pou told a press conference in his first public comments about the scandal.

Persons: Luis Lacalle Pou, Ueslei Marcelino, Luis Alberto Heber, Uruguay's, Sebastian Marset, Marset, Francisco Bustillo, Bustillo, Joe Biden, Lacalle Pou, Sarah Kinosian, Mayela Armas, William Mallard Organizations: South American, REUTERS, United Arab Emirates, U.S, Thomson Locations: Itamaraty, Brasilia, Brazil, Uruguayan, Uruguay, Paraguay, United States, Heber, Bustillo

☆ Brazil cenbank cuts rates, with more likely to come, but flags 'adverse' backdrop
▼ + stars: | 2023-11-01 | by ( Marcela Ayres | ) www.reuters.com time to read: +3 min

The bank's rate-setting committee, known as Copom, unanimously reduced its Selic benchmark interest rate to 12.25%, a move expected by all 40 economists polled by Reuters. However, despite its expectation of keeping its pace of rate cuts, the bank mentioned an "adverse" global outlook that "requires caution on the conduct of monetary policy." The prospect of higher long-term U.S. interest rates has led to a tightening of global liquidity and strengthening of the dollar, adding to inflation pressures in emerging markets like Brazil. In its statement, the central bank also highlighted the persistence of elevated core inflation in several countries, alongside emerging geopolitical tensions following the outbreak of the Israel-Palestine conflict. The inflation target for the upcoming year and beyond stands at 3%, with the same tolerance interval.

Persons: Daniel Cunha, Luiz Inacio Lula da, Lula, Marcela Ayres, Diane Craft Organizations: Reuters, Thomson Locations: BRASILIA, Brazil, Israel, Palestine

☆ Lula militarizes Brazil's main ports, airports amid rising crime
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

Lula said soldiers will work with federal police officers to manage security operations at Latin America's largest port and airport: the port of Santos, in Sao Paulo, and its main airport Guarulhos. Soldiers will also be deployed to the port of Itaguai in Rio de Janeiro state and Rio's Galeao airport. Those ports and airports are key logistical hubs for booming cocaine exports to Europe, while also receiving contraband like high-caliber weapons that contribute to street violence. "The situation in Rio de Janeiro has reached a very serious point," Lula said at a ceremony after singing the decree. Then, last week, militias set fire to dozens of Rio buses after police killed one of their bosses in an operation.

Persons: Luiz Inacio Lula da Silva, Lula, Lisandra Paraguassu, Mark Porter, Josie Kao Organizations: Wednesday, Thomson Locations: BRASILIA, Rio de Janeiro, Santos, Sao Paulo, Itaguai, Rio's Galeao, Europe, Rio

☆ China EV maker BYD reports record quarterly profit of $1.42 bln in Q3
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

BYD electric vehicles are seen at a BYD dealership in Brasilia, Brazil October 24, 2023. Net profit for the third quarter reached 10.41 billion yuan ($1.42 billion), a 82.2% increase from a year earlier, on a 38.5% rise in revenue to 162.2 billion yuan, BYD said in a market filing. It flagged earlier this month that third-quarter net profit could as much as double. That was a smaller increase than the second quarter when profit was up 145%. The third-quarter earnings was within its forecast range of between 9.55 billion yuan and 11.55 billion yuan.

Persons: Adriano Machado, BYD, Qiaoyi Li, Zhang Yan, Brenda Goh, Jamie Freed, Louise Heavens Organizations: REUTERS, Rights, Thomson Locations: Brasilia, Brazil, Rights BEIJING, SHANGHAI

BRASILIA, Oct 26 (Reuters) - Brazil's Finance Ministry is preparing a decree that nearly doubles the tax on the sale of firearms and ammunition, arguing that the measure is necessary to boost revenue and reduce crime, according to a draft document seen by Reuters. Prepared by the revenue service at the request of Finance Minister Fernando Haddad, the decree raises the industrial tax on revolvers, pistols, shotguns, carbines, pepper spray, and other equipment from 29.25% to 55%, in addition to also increasing the tax on ammunition. The proposal was sent by the revenue service to the ministry's executive secretary, Dario Durigan, on Wednesday night. The revenue service declined to comment. The move aligns with other actions by leftist Lula, who has consistently opposed policies that encourage the sale and use of firearms.

Persons: Fernando Haddad, Dario Durigan, Luiz Inacio Lula da Silva, Lula, Jair Bolsonaro, Bernardo Caram, Bill Berkrot Organizations: Brazil's Finance Ministry, Reuters, Finance, Thomson Locations: BRASILIA

☆ Brazilian Oil Industry Gets Support From New Congressional Caucus
▼ + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

By Anthony BoadleBRASILIA (Reuters) - Brazilian lawmakers have set up a congressional caucus to represent Brazil's oil and gas industry, led by state-run producer Petrobras, and to back the company's plans to explore offshore fields near the mouth of the Amazon River. Petrobras has planned to explore in the so-called Northern Brazilian Equatorial Margin, following major discoveries in neighboring Guyana and Suriname. We have to explore for oil at the mouth of the Amazon," Pazuello said. The Parliamentary Front in Support of Oil, Gas and Energy, as the caucus is called, was launched on Tuesday with 217 members, or 42% of the lower chamber of Congress. He said the launch of the caucus received unprecedented support in Congress and was a non-partisan effort.

Persons: Anthony Boadle BRASILIA, Eduardo Pazuello, Luiz Inacio Lula da Silva's, Pazuello, Equinor, Washington Quaquá, Jair Bolsonaro, Anthony Boadle, Rod Nickel Organizations: Reuters, Petrobras, Wednesday, Mines and Energy Ministry, Gas, Energy, Lula's Workers Party Locations: Para, Guyana, Venezuela, Suriname, Brazil, Rio de Janeiro

☆ Lula approval falls on view Brazil economy slipping -Genial/Quaest poll
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Brazil's President Luiz Inacio Lula da Silva attends a meeting with Chinese Politburo Standing Committee member, Li Xi at the Planalto Palace in Brasilia, Brazil September 22, 2023. REUTERS/Adriano Machado/File Photo Acquire Licensing RightsBRASILIA, Oct 25 (Reuters) - Approval of President Luiz Inacio Lula da Silva's performance has fallen on Brazilian worries that Latin America's largest economy is worsening, a new Genial/Quaest poll showed on Wednesday. Approval of his way of governing has fallen to 54% in October from 60% in August, while 42% of those polled say he is doing a bad job, up from 35% in the previous survey. Genial/Quaest interviewed 2,000 people of voting age between Oct. 19 and Oct. 22. The poll has a 2.2 percentage point error margin.

Persons: Luiz Inacio Lula da Silva, Li Xi, Adriano Machado, Luiz Inacio Lula da, Quaest pollster Felipe Nunes, Lula, Jair Bolsonaro, Quaest, Anthony Boadle, Steven Grattan, Jonathan Oatis, Deepa Babington Organizations: REUTERS, Rights, Thomson Locations: Brasilia, Brazil, Rights BRASILIA

☆ Brazil's Lula names new CEO of state-run lender Caixa
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Companies Caixa Economica Federal FollowBRASILIA, Oct 25 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Wednesday picked Carlos Antonio Vieira Fernandes to replace Rita Serrano as CEO of state-run lender Caixa Economica Federal. Her replacement, Fernandes, is a former worker at the bank and former director of the Caixa employees' pension fund, Funcef. The CEO appointment comes after months of negotiations with a powerful bloc of lawmakers called "centrao." Fernandes was recommended to Lula by Lower House Speaker Arthur Lira on behalf of the bloc, in exchange for more support in Congress. Reporting by Lisandra Paraguassu; Writing by Peter Frontini; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Carlos Antonio Vieira Fernandes, Rita Serrano, Serrano, Lula, Fernandes, Arthur Lira, Lisandra Paraguassu, Peter Frontini, Leslie Adler Organizations: Caixa Economica, Caixa Economica Federal, Caixa, Lower, Thomson Locations: BRASILIA, Caixa, Lula

MADRID/BRASILIA, Oct 20 (Reuters) - Argentina and Brazil are requesting 12.5 billion euros ($13.2 billion) in financial aid from the European Union in talks to conclude a trade agreement with South America's Mercosur bloc, according to a document seen by Reuters. Three EU and South American diplomats confirmed the Argentine request, which is backed by Brazil, in the rotating presidency of the four-nation Mercosur. A European diplomat involved in the talks told Reuters the 12.5 billion euros number was "floated" but that any support "would not be anything like that figure." The new aid request was made in a Mercosur counterproposal to an EU addendum proposing environmental safeguards. But the financial aid request and reopening of the public procurement chapter could prevent a final deal this year.

Persons: videoconferences, Xiana Mendez, Belen Carreño, Anthony Boadle, Brad Haynes, Jonathan Oatis Organizations: European Union, South America's Mercosur, Reuters, EU, South, Argentine, Mercosur, Thomson Locations: MADRID, BRASILIA, Argentina, Brazil, Mercosur, Uruguay, Paraguay, European, Brussels, Brasilia, Valencia

☆ Brazil's Lula vetoes bill restricting Indigenous land claims
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

"The president vetoed everything that was unconstitutional and not consistent with our Indigenous peoples policy," his Institutional Relations Minister Alexandre Padilha announced. "The important thing is that Indigenous rights are guaranteed by the veto," she said at a news conference with Padilha after a meeting with Lula to decide the matter. Indigenous communities across the country claim land that farmers have settled and developed, in some cases for decades. Farmers have said the bill would ensure greater legal security of their land ownership, curtailing land conflicts. Minister Guajajara responded in an interview with Reuters that it would undermine the ancestral land rights of Indigenous people and threaten their way of life, and she urged Lula to veto it completely.

Persons: Sonia Guajajara, Adriano Machado, Luiz Inacio Lula da Silva, Alexandre Padilha, Brazil's, Lula, Guajajara, Anthony Boadle, David Gregorio, Richard Chang Organizations: Indigenous, National, REUTERS, Rights, Institutional, Padilha, Farmers, Reuters, Thomson Locations: Brasilia, Brazil, Rights BRASILIA

FDI in Brazil fell 36% in the first eight months of 2023 to $37.9 billion. Currently, investors in long-term projects in Brazil with exposure to foreign currency pay taxes on currency appreciation over the course of the project - which the central bank has long flagged as a deterrent for FDI. Haddad said he was confident that policymakers had found a tool to shield investors from currency risks keeping them away. Executive orders in Brazil have immediate validity but must be endorsed by lawmakers within four months or they expire. Without that measure, Haddad said it will be "very challenging" to erase the deficit in next year's budget bill.

Persons: Fernando Haddad, Haddad, Luiz Inacio Lula da, Marcela Ayres, Bernardo Caram, Brad Haynes, Christopher Cushing Organizations: Finance, Reuters, Sao Paulo, leftist Workers Party, Executive, Thomson Locations: BRASILIA, Brazil, Brasilia, Sao, United States

An Indigenous named Raimundo Praia from Mura people looks on in a deforested area of a non-demarcated indigenous land in the Amazon rainforest near Humaita, Amazonas State, Brazil, August 20, 2019. REUTERS/Ueslei Marcelino/File Photo Acquire Licensing RightsCompanies Brazil Potash Corp FollowBRASILIA, Oct 18 (Reuters) - A federal appeals court has overturned an injunction suspending the license for Canadian firm Brazil Potash Corp to build Latin America's largest fertilizer mine in the Amazon rainforest. She also ruled that a license must come from federal environmental agency IBAMA and not state agency IPAAM. Brazil Potash on Wednesday declined to comment on the ruling, which was based on an appeal by the state environmental agency IPAAM. Brazil Potash says it would have minor environmental impact because salt separated from the potash at a processing plant would be returned underground.

Persons: Raimundo, Ueslei Marcelino, IPAAM, Jaiza, Alexandre Silveira, Silveira, Soares, Joenia Wapichana, Sergio Mura, Stan Bharti's Forbes, Governor Wilson Lima, Anthony Boadle, Marguerita Choy, Bill Berkrot, Diane Craft Organizations: REUTERS, Rights, Brazil, Corp, Federal Regional Tribunal, Reuters, Mines, Energy, Funai, Capital, Stan Bharti's Forbes & Manhattan Group, Thomson Locations: Raimundo Praia, Mura, Humaita, Amazonas State, Brazil, BRASILIA, Manaus, , Brasilia, Autazes, Amazonas, Toronto

☆ Brazil's Congressional Committee Calls for Bolsonaro to Face Criminal Charges
▼ + stars: | 2023-10-18 | by ( Oct. | At P.M. | ) www.usnews.com time to read: 1 min

BRASILIA (Reuters) - A Brazil congressional probe into the Jan. 8 insurrection by thousands of Jair Bolsonaro's supporters on Wednesday recommended that the far-right former president and some of his allies be charged with an attempted coup d'état and other crimes.

Persons: Jair Organizations: Reuters, Wednesday Locations: BRASILIA, Brazil

Search resuls for: "Brasilia"

25 mentions found