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☆ American price elasticity stretched to the limit
▼ + stars: | 2023-08-10 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

WASHINGTON, Aug 10 (Reuters Breakingviews) - The United States may be over the hump on inflation, but consumers aren’t acting like it. Lingering restraint will stretch the power of price elasticity to its limits. Similarly, PepsiCo’s (PEP.O) 14% increase in North American prices of Mountain Dew, Tropicana orange juice and other beverages cost it 4% in quarterly sales. Strong appetites for Oreos and Wheat Thins lifted Mondelez International’s (MDLZ.O) sales 2% in the United States, Canada and Mexico, even as prices climbed 10%. They have climbed 3.5% from a year earlier, surpassing the 3.2% annual increase in the Consumer Price Index.

Persons: Mondelez, Darden, Ricardo Cardenas, Laxman Narasimhan, Marriott, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Reuters, of Michigan, U.S . Bureau of Labor Statistics, Capital, Procter & Gamble, Delta Air Lines, United Airlines, Reuters Graphics Reuters, U.S, of Labor Statistics, Thomson Locations: States, Dew, United States, Canada, Mexico, American

☆ Dollar eases as China deflation lures investors into risk assets
▼ + stars: | 2023-08-09 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

LONDON, Aug 9 (Reuters) - The dollar eased on Wednesday after data showed the Chinese economy slipped into deflation last month, which upped the chances for the government to roll out extra stimulus measures and nudged investors into risk assets. Dollar selling by state-owned Chinese banks helped the yuan rally from a one-month low, dealers said. The Chinese central bank's stronger-than-expected exchange-rate fixing at 7.1588 per dollar before the open signalled its discomfort with the yuan's recent declines. The dollar index - which measures the performance of the U.S. currency against six others - eased 0.1%, paring some of Tuesday's 0.47% rise. "Chinese inflation data showed that consumer prices have barely moved in July, confirming that the world’s second-largest economy is stalling and may be moving into deflation," he said.

Persons: There's, Ray Attrill, Ricardo Evangelista, Chris Scicluna, Patrick Harker, Raphael Bostic, Michelle Bowman, Kevin Buckland, Brigid Riley, Simon Cameron, Moore, Kirsten Donovan Organizations: National Australia Bank, Federal Reserve, Daiwa Capital, ECB, Bank of England, Philadelphia Fed, Atlanta Fed, Fed, Thomson Locations: China, Tokyo

BELEM, Brazil, Aug 8 (Reuters) - Eight Amazon nations agreed to a list of unified environmental policies and measures to bolster regional cooperation at a major rainforest summit in Brazil on Tuesday, but failed to agree on a common goal for ending deforestation. The failure of the eight Amazon countries to agree on a pact to protect their own forests points to the larger, global difficulties of forging an agreement to combat climate change. Bolivia and Venezuela are the only Amazon countries not to sign onto a 2021 agreement among more than 100 countries to work toward halting deforestation by 2030. But tensions emerged in the lead up to the summit around diverging positions on deforestation and oil development. Fellow Amazon countries also rebuffed Colombia's leftist President Gustavo Petro's ongoing campaign to end new oil development in the Amazon.

Persons: Luiz Inacio Lula da Silva, Marcio Astrini, Lula, Luis Arce, Mauro Vieira, Ricardo Stuckert, Gustavo Petro's, Petro, Alexandre Silveira, Silveira, Jake Spring, Steven Grattan, Brad Haynes, Rosalba O'Brien, Jason Neely, Peter Graff, Aurora Ellis, Richard Chang Organizations: Climate, Reuters, Bolivian, Brazil's, Amazon Cooperation Treaty Organization, REUTERS, Amazon, Brazil's Energy, United Nations, Thomson Locations: BELEM, Brazil, Brazilian, Belem, Bolivia, Colombia, Peru, Ecuador, Guyana, Suriname, Venezuela

☆ Indomitable one-limbed Spaniard wins third track world, next target Paris
▼ + stars: | 2023-08-08 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

On Monday, at the age of 47, he won his third para track cycling world title, obliterating the rest of the field in the C1 scratch race, averaging 44kph over 60 circuits of the Chris Hoy Velodrome in Glasgow. Ten, who hails from Valencia, is writing a second chapter to a remarkable tale of sporting endeavour in the face of adversity. Before taking up cycling, he was already a three-time Paralympic gold medallist in swimming having made his debut at Atlanta in 1996 and owns three world titles in para swimming. You need to use different muscles but it didn't take much effort to swap from swimming pool to the bike." Ten, who took years to recover from his injuries, has used a specially designed bike since switching seven years ago.

Persons: Spain's Ricardo Ten Argiles, Chris Hoy, Neil Fachie, Matt Rotherham, Thomas Ulbricht, Robert Forstemann, Martyn Herman, Christopher Cushing Organizations: GLASGOW, Chris Hoy Velodrome, Atlanta, Paralympic, Reuters, UCI, Thomson Locations: Glasgow, Valencia

☆ Colombia's central bank cuts 2023 forecasts for inflation, growth
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Luisa GonzalezBOGOTA, Aug 2 (Reuters) - The technical team of Colombia's central bank on Wednesday lowered its outlook for inflation in 2023 to 9%, from 9.5% previously, and cut its forecast growth for Latin America's fourth-largest economy to 0.9%. The technical team previously forecast Colombia's economic growth at 1% for this year. Colombia's 12-month inflation through June 30 hit 12.13%, slightly below the 12.2% expected by analysts who were consulted for a Reuters poll. The technical team forecast that inflation would end 2024 at 3.5%, close to the bank's long-term target of 3%, but above a previous forecast of 3.4%. The current economic context suggests the board should maintain a contractive stance on monetary policy to bring inflation towards the target, the report added.

Persons: Luisa Gonzalez BOGOTA, Ricardo Bonilla, Gustavo Petro, Nelson Bocanegra, Oliver Griffin, Leslie Adler, Christopher Cushing Organizations: REUTERS, Thomson Locations: Bogota, Colombia

☆ Colombia's central bank cuts 2023 inflation forecast to 9%
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Luisa GonzalezBOGOTA, Aug 2 (Reuters) - The technical team of Colombia's central bank on Wednesday lowered its outlook for inflation in 2023 to 9%, from 9.5% previously, citing a recent slowing of consumer price growth. The team also now expects Latin America's fourth largest economy to post growth of 0.9% this year, compared with a previous forecast of 1%. Colombia's 12-month inflation through June 30 hit 12.13%, slightly below the 12.2% expected by analysts who were consulted for a Reuters poll. The technical team forecast that inflation would end 2024 at 3.5%, close to the bank's long-term target of 3%, but above a previous forecast of 3.4%. Reporting by Oliver Griffin and Nelson Bocanegra; Editing by Sandra Maler and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Luisa Gonzalez BOGOTA, Ricardo Bonilla, Gustavo Petro, Oliver Griffin, Nelson Bocanegra, Sandra Maler, Leslie Adler Organizations: REUTERS, Thomson Locations: Bogota, Colombia

Worldcoin says 2.2 million have signed up, mostly during a trial period over the last two years. Worldcoin raised $115 million from venture capital investors including Blockchain Capital, a16z crypto, Bain Capital Crypto and Distributed Global in a funding round in May. Macieira said Worldcoin would continue rolling out operations in Europe, Latin America, Africa and "all the parts of the world that will accept us." "The idea is that as we build this infrastructure and that we allow other third parties to use the technology." Michael Will, president of the Bavarian regulator, said it would look into whether Worldcoin's system is "safe and stable".

Persons: Medha Singh, Sam Altman, Worldcoin, Ricardo Macieira, Macieira, Michael Will, Will, Rainer Rehak, Web3, Nette Noestlinger, Matthias Baehr, Elizabeth Howcroft, Tomasz Janowski Organizations: WorldCoin, REUTERS, Reuters, Co, Humanity, Blockchain, Bain Capital Crypto, Companies, Bavarian State Office, Data Protection, Union, Weizenbaum Institute, Worldcoin Foundation, Thomson Locations: Bengaluru, India, Britain, France, Germany, Europe, San Francisco, Berlin, Latin America, Africa, Japan, Bavarian, blockchain, Cayman Islands

☆ Europe’s Economy Expanded in Spring, and Inflation Has Eased
▼ + stars: | 2023-07-31 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +3 min

Gross domestic product in the eurozone grew 0.3 percent in the second quarter of 2023, a stronger result than predicted by economists. Italy, Austria and Latvia all saw output fall in the second quarter. Inflation across the eurozone dipped to an annual rate of 5.3 percent in July, down from 5.5 percent the previous month. “On the whole, the eurozone economy recorded another underwhelming quarter,” said Ricardo Amaro, a senior economist at Oxford Economics. He noted that “the second half of the year is likely to be as underwhelming, if not more than the first half, with the eurozone economy risking stagnation or worse.”

Persons: ”, Fritzi, KfW, Christine Lagarde, What’s, Lagarde, ’, Ricardo Amaro Organizations: Gross, European Central Bank, Oxford Economics Locations: Germany, Europe’s, Ukraine, Germany’s, Italy, Austria, Latvia, Spain, France, Europe, Russia

☆ Florida police release description of human remains found in suitcases
▼ + stars: | 2023-07-27 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +1 min

CNN —Police in Florida have released reconstructed photos of an unidentified woman whose remains were found in suitcases along the Intracoastal Waterway in Delray Beach earlier this month. In total, detectives found three suitcases along Delray Beach, 9 miles north of Boca Raton, filled with human remains – one floating in the water and a short time later, two more at nearby locations along the beach. Delray Beach police were called to the scene on July 21 after someone reported “seeing something strange in the intracoastal waterway,” they said in an online statement. A reconstructed image of what the Florida victim was wearing: A floral top and black thigh-length shorts. Delray Beach Police DepartmentAuthorities are asking the public to look at the renderings and for residents who live along the Intercoastal Waterway to check their home video surveillance cameras to see if they captured anything.

Persons: Beverly Organizations: CNN — Police, Authorities, Delray Beach Police, Delray Beach Police Department Police, Delray Beach Police Department Authorities Locations: Florida, Intracoastal, Delray Beach, Boca Raton, intracoastal, ”

☆ This man runs YouTube channels that help dogs and cats relax – and he's just sold his 'Petflix' venture to a big music company
▼ + stars: | 2023-07-22 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

A company that creates music to help relax dogs and cats was acquired by an LA-based group. Music For Pets runs RelaxMyDog and ReleaxMyCat and was bought by Create Music Group in June. Believe it or not, millions even tune in to a couple of YouTube channels to play music aimed at relaxing their dogs and cats. Ahmed's YouTube channels, RelaxMyDog and RelaxMyCat, have become hugely popular, with 1.5 million and 800,000 subscribers respectively. The company is now owned by Create Music Group after what Ahmed described as a few competing bids.

Persons: Amman Ahmed, he's, Amman Ahmed Ahmed, Ricardo Henriquez, Ahmed, Henriquez, haven't, Ricardo, Jonathan Strauss Organizations: Create, Music, Technology, YouTube, Spotify Locations: LA, El Salvador, Guatemala, Amman

☆ EasyJet's Portugal cabin staff start five-day strike, threaten more walkouts
▼ + stars: | 2023-07-21 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, July 21 (Reuters) - Almost 100% of EasyJet's (EZJ.L) cabin staff in Portugal walked out for five days on Friday and the union threatens with more strikes in the coming months if the company keeps rejecting the raises they demand. Penarroias did not rule out more strikes in the coming months if the talks with the company do not progress. "We will see with the union member whether the strike would happen in August, September, October or at the end of the year," he told Reuters. He said "his fellow French, German and Swiss cabin staff, who earn between 70% and 100% more than the Portuguese, only got better wages after going on strike several times". The Portuguese law protecting consumers forces cabin staff to assure 96 flights during the five days.

Persons: Ricardo Penarroias, Penarroias, Easyjet, Sergio Goncalves, Inti Landauro, Louise Heavens Organizations: Reuters, British, Thomson Locations: LISBON, Portugal, Swiss

☆ Sao Paulo governor turns heads on Brazil's right after Bolsonaro election ban
▼ + stars: | 2023-07-20 | by ( Ricardo Brito | ) www.reuters.com time to read: +5 min

Although the governor and his closest advisers insist he is focused on serving Sao Paulo state, many of Brazil's seasoned conservative power brokers are already calling the pro-business moderate a natural candidate for the presidency in three years. It also helped shore up three-quarters support among Sao Paulo lawmakers for the reform as it cleared one chamber of Congress. He is pushing to privatize the port of Santos on the Sao Paulo coast, a bid blocked for now by the federal government. And he has vowed to revive efforts to privatize state water utility Sabesp (SBSP3.SA), while Lula has decried recent privatizations under Bolsonaro. "He has to finish his mission in Sao Paulo with a second term," said one close aide, asking not to be named as he was not authorized to speak about the governor's plans.

Persons: Tarcisio de Freitas, Jair Bolsonaro, Freitas, Bolsonaro, Luiz Inacio Lula da Silva's, Marcos Pereira, of God, Arthur Lira, Ciro Nogueira, Bolsonaro's, Antonio Queiroz, Dilma Rousseff, Lula, Queiroz, Ricardo Brito, Anthony Boadle, Brad Haynes, Paul Simao Organizations: Paulo, Republicans, Universal Church of, Liberal Party, ARMY, Workers Party, Sao, Thomson Locations: BRASILIA, Sao Paulo, of, Brazilian, Santos

☆ Panama's ex-President Martinelli sentenced to over 10 years in prison
▼ + stars: | 2023-07-18 | by ( Elida Moreno | ) www.reuters.com time to read: +1 min

PANAMA CITY, July 18 (Reuters) - A Panamanian court sentenced former President Ricardo Martinelli to more than 10 years in prison for money laundering, the attorney general's office said on Tuesday, threatening the front-runner's bid to for a new term next year. A survey published in May by polling firm Campaigns & Elections Mexico put Martinelli as the front-runner, followed by former President Martin Torrijos. The court imposed a $19.2 million fine on Martinelli, judicial authorities said in a statement. The former president's spokesperson Luis Camacho said his team will analyze what he called a legal attack on Martinelli. Reporting by Elida Moreno; Writing by Valentine Hilaire; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Ricardo Martinelli, Carlos Carrillo, Ricardo Martinelli Berrocal's, Carrillo, Elections Mexico, Martinelli, Martin Torrijos, Luis Camacho, Elida Moreno, Valentine Hilaire, Richard Chang Organizations: PANAMA CITY, Elections, United, Thomson Locations: PANAMA, United States

☆ The Milky Way's shiniest known planet has metal clouds that rain down titanium. Astronomers say it 'shouldn't exist.'
▼ + stars: | 2023-07-12 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

A planet five times the size of Earth was found to be the shiniest planet outside our solar system. This ultra-hot planet "shouldn't exist" as it is and could be a new class of planet altogether. This planet's hot metal atmosphere is defying astronomers' rules for how planets of this size should behave. Venus, the solar system's shiniest planet, reflects 75% of the sunlight. "We believe these metal clouds help the planet to survive" in these conditions said study author Sergio Hoyer of the Marseille Astrophysics Laboratory.

Persons: LTT9779, Vivien Parmentier, NASA Exoplanet LTT9779, James Jenkins, Ricardo Ramírez Reyes, Exoplanet, It's, Parmentier, Sergio Hoyer Organizations: Service, European Space Agency, ESA, NASA, Diego Portales University, CATA, Universidad, Universidad de Chile, Marseille Astrophysics, Astrophysics Locations: Wall, Silicon, Côte d'Azur, Universidad de, Marseille

☆ US slaps sanctions on Sinaloa Cartel fentanyl network
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, July 12 (Reuters) - The U.S. Treasury Department on Wednesday imposed sanctions on 10 Mexican nationals and one company in the country for their alleged involvement in the Sinaloa Cartel's vast illicit fentanyl trafficking network. The sons, known as "Los Chapitos," are accused of leading a faction of the Sinaloa Cartel after their father's 2016 capture and extradition to the U.S. a year later. The U.S. Treasury also sanctioned an import-export company, REI Compania Internacional, and its majority shareholder for allegedly receiving chemical shipments from China. Lopez Obrador added that his Security Minister Rosa Icela Rodriguez would meet this month with U.S. U.S. President Joe Biden's administration has been seeking increased cooperation from Mexico and China in stemming the flow of fentanyl and its precursor chemicals.

Persons: Noel Lopez Perez, Joaquin, El, Ricardo Paez Lopez, El Chapo's, Ovidio Guzman Lopez, Andres Manuel Lopez Obrador, Lopez Obrador, Rosa Icela Rodriguez, Elizabeth Sherwood, Randall, Joe Biden's, Kylie Madry, Stefanie Eschenbacher, Raul Cortes, Sarah Morland, Mark Heinrich, Josie Kao Organizations: MEXICO CITY, U.S . Treasury Department, Treasury, Foreign Assets, U.S . Treasury, REI Compania Internacional, U.S . Homeland Security, Thomson Locations: MEXICO, Sinaloa, U.S, United States, Mexico, China, Mexican

☆ Colombia gov't risks incompliance with fiscal rule - committee
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

BOGOTA, July 10 (Reuters) - Colombia risks falling out of compliance with its fiscal rule through greater spending proposed for 2024 and the financial impact of reforms being debated in Congress, an independent committee warned on Monday. Finance Minister Ricardo Bonilla has said the government would respect the 2011 rule which imposes constraints on fiscal policy to block deterioration of public finances. The finance ministry in June presented its medium-term fiscal framework (MFMP), noting that the deficit could increase to 4.5% of Gross Domestic Product in 2024. It revised its debt targets upwards and adjusted its fiscal deficit forecast for 2023 up to 4.3% of GDP from 3.8% originally. The expert Autonomous Fiscal Rule Committee (CARF) said spending increases planned for this year and next could put greater pressure on Colombia's finances and reverse success in reducing the deficit following the coronavirus pandemic.

Persons: Ricardo Bonilla, Gustavo Petro, Nelson Bocanegra, Oliver Griffin, Richard Chang Organizations: . Finance, Gross, Thomson Locations: BOGOTA, Colombia

☆ Nearly 62,000 people died from record-breaking heat in Europe last summer. It’s a lesson for the US, too
▼ + stars: | 2023-07-10 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +7 min

CNN —Nearly 62,000 people died heat-related deaths last year during Europe’s hottest summer on record, a new study has found — more heartbreaking evidence that heat is a silent killer, and its victims are vastly under-counted. Of the nearly 62,000 deaths analyzed, heat-related mortality rate was 63% higher in women than in men. “The acceleration of warming observed over the last 10 years underlines the urgent need to reassess and substantially strengthen prevention plans,” Achebak said. Heat deaths have outpaced hurricane deaths in the country by more than 8-to-1 over the past decade, according to data tracked by the National Weather Service. Yet the United States’ heat mortality numbers would suggest that far fewer people are dying from heat than in Europe.

Persons: “, Joan Ballester, Ballester, ”, Matt Dunham, —, Hicham Achebak, ” Achebak, Ricardo Rubio, David S, Jones, “ There’s, ” Jones, ” John Balbus, Greenlee Beal, Balbus, Biden, “ We’re, ” Balbus Organizations: CNN, Nature Medicine, Eurostat, Guard, Europa Press, National Weather Service, Centers for Disease Control, Harvard University, Health Equity, US Department of Health, Human Services, CDC Locations: Europe, Italy, Spain, Germany, ISGlobal, Buckingham, London, Madrid, United States, France, American, Chicago, Eagle Pass , Texas, U.S

☆ Shiniest exoplanet ever found has reflective metal clouds
▼ + stars: | 2023-07-10 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —An ultrahot exoplanet that zips around its host star every 19 hours is the shiniest exoplanet ever discovered. The scorching world, dubbed planet LTT9779b, has reflective metallic clouds made of silicates and metals like titanium. An artist's illustration shows an exoplanet, called LTT9779b, orbiting its much larger host star. The side of the exoplanet that faces its host star likely reaches 3,632 degrees Fahrenheit (2,000 degrees Celsius). And LTT9779b is so piping hot that it shouldn’t have any clouds, even those made of metal or glass.

Persons: Ricardo Ramírez Reyes, LTT9779b, ”, James Jenkins, Vivien Parmentier, ” Parmentier, “, ” Vivien, Sergio Hoyer Organizations: CNN, European Southern Observatory, Universidad de Chile, Astrophysics, Diego Portales University, Marseille Astrophysics Locations: Chile, Santiago , Chile, Nice, France, Marseille

☆ Hamilton confident Brad Pitt can take F1 to new heights
▼ + stars: | 2023-07-06 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

The movie cars are also set to feature on the grid, without driving a formation lap, and be on track in between the sessions. The Apple TV film is being directed by Joseph Kosinski, the director of "Top Gun: Maverick", with producer Jerry Bruckheimer. Hamilton said the movie would also do justice to a sport where cars can hit top speeds of 370kph. I think it’s going to look faster than it does on TV," he said. "You already saw what he (Kosinski) has done with fighter jets, what he did with Maverick... bringing that technology into our world; I think it’s going to be amazing."

Persons: Brad Pitt, Ricardo Arduengo, Brad Pitt's, Lewis Hamilton, We’ve, Hamilton, Joseph Kosinski, Jerry Bruckheimer, Aston, Fernando Alonso, Pitt, Brad, he’s, hasn’t, Alan Baldwin, Clare Fallon Organizations: United, Prix, Silverstone, Netflix, Apple, Maverick, Thomson Locations: United States, Americas, Austin , Texas, U.S, England, Los Angeles, LA

☆ Bolsonaro's career wrecked as majority of Brazil court vote to bar him for 8 years
▼ + stars: | 2023-06-30 | by ( Ricardo Brito | ) www.reuters.com time to read: +2 min

REUTERS/Adriano MachadoBRASILIA, June 30 (Reuters) - Former Brazilian President Jair Bolsonaro's political career evaporated on Friday as a majority of federal electoral court (TSE) justices voted to bar him from public office until 2030 for his conduct during last year's fraught election. Bolsonaro denies any wrongdoing and has already said he plans to appeal to the Supreme Court. The TSE trial is part of a broader reckoning in Brazil with the fallout from the country's most painful election in a generation. While the former president faces electoral court scrutiny, many of his one-time allies are being questioned by lawmakers in a congressional probe into the Jan. 8 riots. Reporting by Ricardo Brito; Writing by Gabriel Araujo; Editing by Jonathan Oatis and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Jair Bolsonaro, Adriano Machado BRASILIA, Jair, Bolsonaro, Luiz Inacio Lula da Silva, Benedito Goncalves, Donald Trump, Ricardo Brito, Gabriel Araujo, Jonathan Oatis, Rosalba O'Brien Organizations: Brasilia International, Electoral Justice, REUTERS, Supreme, TSE, Thomson Locations: Brasilia, Brazil

☆ Brazil's Bolsonaro political fate in hands of electoral court vote
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, June 29 (Reuters) - Brazil's federal electoral court (TSE) on Thursday began a third day of hearings in a case against former president Jair Bolsonaro that could see him barred from political office for nearly a decade. On Tuesday, Benedito Goncalves, the lead justice in the case, had voted to convict him for abuse of political power and misuse of the media. Many in Brazil, including Bolsonaro, believe he is likely to be barred from office - a stunning turnaround for a figure who was until recently Brazil's most powerful man. "Everyone seems to say that it's likely I'm going to be barred from office," he told the Folha de S. Paulo newspaper in an interview. Bolsonaro, who was not in court and flew to Rio de Janeiro on Thursday, does not risk jail in the TSE case.

Persons: Jair Bolsonaro, Luiz Inacio Lula da Silva, Justice Raul Araujo, Bolsonaro, Benedito Goncalves, Ricardo Brito, Steven Grattan, Gabriel Stargardter, Angus MacSwan Organizations: Brasilia, Folha, Paulo, Thomson Locations: BRASILIA, Brasilia, Brazil, Rio de Janeiro

☆ Brazil electoral court close to ending Bolsonaro's political career
▼ + stars: | 2023-06-29 | by ( Ricardo Brito | ) www.reuters.com time to read: +3 min

So far three judges have voted to convict the far-right nationalist for abuse of political power and misuse of the media, while one has not. The TSE trial is part of a broader reckoning in Brazil with the fallout from the country's most painful election in a generation. While the former president faces electoral court scrutiny, many of his one-time allies are being questioned by lawmakers in a congressional probe into the Jan. 8 riots. Bolsonaro's best hope at future relevance may lie with his family, including his wife and lawmaker sons, who could also harbor their own presidential ambitions. He told the Folha de S. Paulo that his wife Michelle could well be a presidential candidate in 2026, but said she lacked political experience.

Persons: Jair Bolsonaro, Luiz Inacio Lula da Silva, Donald Trump, Bolsonaro, Brazil's, Tarcisio Freitas, Romeu Zema, Paulo, Michelle, Ricardo Brito, Steven Grattan, Gabriel Stargardter, Angus MacSwan, Conor Humphries Organizations: Brasilia, TSE, Folha, Paulo, Sao Paulo, Thomson Locations: BRASILIA, Brasilia, Brazil, Rio de Janeiro, Minas Gerais

☆ Stellantis aims to relieve 'charging anxiety' with new service for EV users
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

"We look forward to discussing more of that soon," Ricardo Stamatti, senior vice president of the new Charging & Energy Business Unit, said. "The margin on energy (used for charging points) itself is fairly rich," he said. "But ultimately charging is going to be more than energy, it's going to be about what people do while charging (...), think of advertising, retail, media consumption". The Free2move Charge "ecosystem" will offer other services for private customers of Stellantis brands including support for home charging facility installation, and for businesses. It will also allow access to a network of public charging points "through partners" in North America, Europe, and other regions to be announced later, Stellantis said.

Persons: Ricardo Stamatti, Stellantis, Ram, Stamatti, Giulio Piovaccari, Keith Weir, Susan Fenton Organizations: Energy, Ford, General Motors, Energy Business Unit, Jeep, Peugeot, Fiat, Opel, Investments, Thomson Locations: Europe, MILAN, North America

☆ Petrobras wins appeal in multi-billion dollar labor case
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

Companies Petroleo Brasileiro SA Petrobras FollowBRASILIA, June 26 (Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) has won its appeal in the Supreme Court against a 2018 labor conviction, avoiding billions of dollars in payments. Petrobras was charged in 2018 by Brazil's top labor court for divergences in the minimum salary remuneration agreed between the company and its employees, known as RMNR. The company was then liable to pay at least 17 billion reais ($3.57 billion) in salary corrections. The final decision to annul the case comes more than a year after supreme court Justice Rosa Weber asked for its temporary suspension. In a statement, Petrobras said it was awaiting the full written judgment "to provide information to the market about the decision."

Persons: Rosa Weber, Ricardo Brito, Carolina Pulice, Isabel Woodford Organizations: Petroleo Brasileiro SA Petrobras Follow, Petrobras, PETR4, Thomson Locations: Petroleo Brasileiro SA Petrobras Follow BRASILIA

☆ Brazil Senate confirms Lula's ex-lawyer for Supreme Court seat
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Cristiano Zanin, President Luiz Inacio Lula da Silva's former defense lawyer, walks during Brazil's Senate hearing to serve on the country's Supreme Court at Brazilian Federal Senate in Brasilia, June 21, 2023. Pedro Franca/Agencia Senado/Handout via REUTERSBRASILIA, June 21 (Reuters) - Brazil's Senate on Wednesday confirmed the appointment of Cristiano Zanin, President Luiz Inacio Lula da Silva's former defense lawyer, to serve on the country's Supreme Court. Zanin, 47, will be the youngest justice on the 11-member court and could remain there for 28 years. He is married to law office partner, Waleska Zanin Martins, whose father Roberto Teixeira was Lula's lawyer for decades. Lula denied the charges and said he was the target of political prosecution to stop him from running in the 2018 elections.

Persons: Cristiano Zanin, Luiz Inacio Lula da Silva's, Pedro Franca, Zanin Martins Advogados, Lula, Andre Cesar, Ricardo Lewandowski, Lula's, Zanin, Waleska Zanin Martins, Roberto Teixeira, Sergio Moro, Ricardo Brito, Maria Carolina Marcello, Anthony Boadle, David Gregorio, Matthew Lewis Organizations: Senate, Brazilian Federal Senate, Agencia, REUTERS, Wednesday, Supreme, Pontifical Catholic University of Sao Paulo, Lawfare Institute, Thomson Locations: Brasilia, Handout, REUTERS BRASILIA, Zanin

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