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☆ Ron DeSantis posed with a handmade snowflake. It had the words 'fascist' written all over it.
▼ + stars: | 2023-03-13 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Ron DeSantis was given a framed snowflake at an event in Iowa, where he was promoting his new book. The word "fascist" was hidden in every branch of the snowflake. Ron DeSantis was photographed posing with a cutout of a white snowflake in Iowa. Every branch of the snowflake had the word "fascist" hidden in the design. Read the snowflake," tweeted Laura Loomer, a pro-Trump, right-wing commentator.

GMO wheat has never been grown for commercial purposes due to consumer fears about allergens or toxicities in the staple crop used worldwide for bread, pasta and pastries. The association was against adopting GMO wheat previously, but changed its stance after a survey it commissioned showed more than 70% of Brazilians would not mind consuming products containing it. Bioceres has said its GMO wheat "showed higher yields than conventional varieties across all environments, with an average 43% yield improvement in targeted environments." In November 2021, Brazil became the first country in the world to allow imports of flour made with GM wheat. "The approval for planting, imports and commercialization of GMO wheat resolves this issue, bringing peace of mind to different market actors," Abitrigo said in a statement.

☆ Brazil's Haddad says high interest rate is country's main issue
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, March 1 (Reuters) - Brazil's Finance Minister Fernando Haddad said on Wednesday that the country's high interest rate is the primary obstacle to economic growth, adding that recent government measures such as reinstating fuel taxes would pave the way to monetary easing. In an interview with news portal UOL, he said he believed this was the correct path to follow, rather than changing the central bank's inflation targets. Brazil's benchmark interest rate is currently at a six-year high of 13.75%, which Haddad said was causing a "credit problem" although he did not give further details. "We will recover the public budget from the perspective of revenue and expenditure to quickly create space for reducing interest rates," he said. "The inflation target will not be what causes the interest rate to fall."

☆ Petrobras, Brazil govt mull fuel price cut to offset tax resumption
▼ + stars: | 2023-02-28 | by ( Rodrigo Viga Gaier | ) www.reuters.com time to read: +2 min

"It is one of the possibilities under discussion," the ministry said in a statement via its press office. "There is room for compensation within the import parity policy," one of the sources said, referring to Petrobras' official policy of tracking international rates such as global fuel prices and foreign exchange. A meeting attended by a government official and Petrobras executives was held at the company's headquarters in Rio de Janeiro on Monday. The price cut is seen as a temporary solution for the very short term, one of the sources said. The company, formally known as Petroleo Brasileiro SA, reiterated it was committed to "competitive prices in balance with market".

☆ Brazil's public sector gross debt down to 73.1% of GDP in January
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Feb 28 (Reuters) - Brazil's gross debt continued its downward trajectory in January, while the consolidated public sector recorded a strong primary surplus, showed central bank data on Tuesday. In January, the Brazilian public sector recorded a primary surplus of 99 billion reais ($19 billion), surpassing the 90 billion reais surplus expected by economists polled by Reuters. However, the figure was lower than the 101.8 billion reais surplus in the same month last year. The performance was mainly driven by the 79.4 billion reais surplus from the central government, helped by record revenues for the month. States and municipalities recorded a primary surplus of 21.8 billion reais, while state-owned companies had a deficit of 2.2 billion reais, said the central bank.

☆ Brazil bank lending down for the first time in a year in January
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Feb 27 (Reuters) - Outstanding loans in Brazil decreased by 0.3% in January, according to central bank data on Monday, marking the first decline in a year. The result suggests a slowdown that is likely to gain momentum in a scenario of high borrowing costs following the aggressive monetary tightening implemented by the central bank to curb inflation. Bank loans in Latin America's largest economy have decelerated amid more expensive credit, as the country's benchmark interest rate stands at 13.75% from a record low of 2% in March 2021. The central bank has left interest rates unchanged since September, but data from the central bank shows that average interest rates on non-earmarked loans have increased to 43.5% per year from 41.7% in December. Bank lending spreads also grew from 28.7 points the month before to 30.6 percentage points, while a broad measure of Brazilian consumer and business default ratios increased to 4.5% from 4.2% in December.

☆ Foreign direct investment in Brazil posts best January in 5 years
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Feb 24 (Reuters) - Foreign direct investment in Brazil reached its highest level for January in five years, according to central bank data on Friday, continuing a trend of strong results since last year. FDI totaled $6.9 billion in January, best since 2018, when it reached $8.3 billion. Last year, FDI reached $90.6 billion, the highest annual figure in 10 years. Brazil's current account deficit was $8.8 billion in January, larger than the $8.2 billion shortfall forecast by economists. Central bank data also showed that investors made a net investment of $4.2 billion in Brazilian markets in January, including $1.9 billion inflows in stocks and $2.2 billion inflows in bonds.

☆ Brazil downpours leave at least 49 killed, death toll expected to rise
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Feb 23 (Reuters) - The death toll from heavy rains that devastated coastal areas of Brazil's southeastern Sao Paulo state reached 49 people, official figures showed on Thursday, as cities in the region brace for more downpour in the coming days. The number of casualties rose from 48 reported a day earlier, the Sao Paulo state government said in a statement, but dozens remained missing and search and rescue efforts continued. The city of Sao Sebastiao, located some 200 km (124.3 miles) from Sao Paulo, bore the brunt of the human toll, with 48 of the reported deaths, but nearby towns such as Ilhabela, Caraguatatuba, Bertioga and Ubatuba were also affected. Massive downpours have caused landslides and flooding since last weekend in coastal towns of Brazil's richest state, so far hit by more than 600 millimeters (23.6 inches) of rain, the highest cumulative figure ever in the country. Reporting by Eduardo Simoes; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Death toll from Brazil downpours hits 48, dozens still missing
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

[1/7] Volunteers, firefighters, army officers and a civil guard carry the body of a woman who died at one of the landslide sites after severe rainfall at Barra do Sahy, in Sao Sebastiao, Brazil, February 22, 2023. REUTERS/Amanda PerobelliSAO PAULO, Feb 22 (Reuters) - The death toll from heavy rains that devastated coastal areas of Brazil's southeastern Sao Paulo state reached 48 people, official figures showed on Wednesday, but dozens were still missing as search and rescue efforts continued. The number of casualties rose from 46 reported a day earlier, the Sao Paulo state government said in a statement. The city of Sao Sebastiao, located some 200 km (124.3 miles) from Sao Paulo, bore the brunt of the human toll, with 47 of the reported deaths. The floods in coastal Sao Paulo state were the latest in a series of such disasters to recently strike Brazil, where shoddy construction, often on hillsides, can have tragic consequences during the country's rainy season.

☆ South Africa's naval exercise with Russia, China raises Western alarm
▼ + stars: | 2023-02-17 | by ( Carien Du Plessis | ) www.reuters.com time to read: +5 min

"These exercises are going to be a lightning rod," said Steven Gruzd, of the South African Institute of International Affairs. "South Africa, like any independent and sovereign state, has a right to conduct its foreign relations in line with its ... national interests," South Africa's defence ministry said last month. Russia's defence ministry did not respond to a request for comment, and South Africa's National Defence Force has denied the TASS report. China is now Africa's top bilateral trading partner, but the EU is by far the largest market for South African exports. Domestic critics of South Africa's push to deepen ties with Russia and China say that economic reality alone should be enough to give the government serious pause.

☆ At least 39 migrants die in bus crash off Panama cliff
▼ + stars: | 2023-02-15 | by ( Elida Moreno | ) www.reuters.com time to read: +2 min

[1/4] Rescue teams work at the site of the accident of a bus, which was carrying migrants who had traveled through the Darien gap, in Los Planes de Gualaca, Panama February 15, 2023. REUTERS/StringerPANAMA CITY, Feb 15 (Reuters) - At least 39 have died in Panama after a bus carrying more than 60 migrants fell off a cliff early on Wednesday, the country's migration authorities said, marking the worst migration accident in the Central American country's history. Migration authorities did not provide details on the nationalities of the victims, saying it would first communicate with the relatives and respective embassies of the passengers. Last year, a record 248,000 migrants crossed the Darien Gap, most of them Venezuelans. Since the beginning of 2023, a further 32,800 have crossed the Darien Gap, Panama's foreign ministry said on Tuesday.

☆ Defiant Man City see off Villa to close gap on Arsenal
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +3 min

MANCHESTER, England, Feb 12 (Reuters) - Manchester City produced a defiant response to the Premier League's charge sheet as they comfortably beat Aston Villa 3-1 to close to within three points of leaders Arsenal on Sunday. Goals by Rodri, Ilkay Gundogan and Riyad Mahrez put the result beyond doubt by halftime as City got back on track following last weekend's loss at Tottenham Hotspur. Villa were left with mission impossible when Mahrez tucked away a penalty in first-half stoppage time after Jacob Ramsey was adjudged to have tripped former Villa player Jack Grealish. Champions City have 48 points from 22 games to Arsenal's 51 from 21 and can go top if they win at Arsenal on Wednesday. "It was a bad result, but we have to learn and use it in the next matches."

☆ Americanas accounting scandal was a 'fraud,' says CEO of Brazil's Itau
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Feb 8 (Reuters) - The chief executive of Brazil's biggest private lender Itau Unibanco (ITUB4.SA) said on Wednesday that the accounting inconsistencies that led retailer Americanas SA (AMER3.SA) to request bankruptcy protection represent a case of 'fraud'. Milton Maluhy Filho's remarks came after Itau, which had a multi-million-dollar exposure to Americanas, had to set aside more cash for bad loans in the fourth quarter. Maluhy added that Itau has not identified any case similar to that of Americanas, which reported around $8 billion in debt after disclosing "inconsistencies" in its accounting. Reporting by Aluisio Alves; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil police conduct new raids as part of probe into Brasilia riots
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Feb 7 (Reuters) - Brazil's federal police on Tuesday carried out fresh raids as part of an investigation into the Jan. 8 insurrection, when supporters of former far-right President Jair Bolsonaro stormed government buildings in Brasilia. Police said in a statement they were serving three temporary detention warrants, one preventive arrest warrant and six search and seizure warrants in the federal district, where Brasilia is located, under Supreme Court orders. The new raids represent the fifth phase of an operation launched last month aimed at identifying people who participated in, funded or fostered the riots, in which a mob invaded and ransacked the Congress, presidential palace and Supreme Court. They were protesting against Bolsonaro's defeat by President Luiz Inacio Lula da Silva in an October election and calling for a military coup to oust Lula and restore the far-right leader. Reporting by Gabriel Araujo; Editing by Steven Grattan, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ LGBT Brazilians compete in country's first drag king contest
▼ + stars: | 2023-02-07 | by ( Steven Grattan | ) www.reuters.com time to read: +3 min

[1/5] Egon Maurice LaSand poses with a crown after winning the King of Kings contest, a drag king competition that reunites 15 artists from all over the country, in Sao Paulo, Brazil February 5, 2023. King is taking part in Brazil's King of Kings competition, the first of its kind where 15 drag kings from around the country compete to win the title. Drag kings are mostly female or transgender performers playing exaggerated male characters, but the contest is open to anyone. "It's historic, because we don't have a contest or an event dedicated to drag kings in Brazil," said 43-year-old drag king Lorde Lazzarus, who organized the event. Many of the acts carried messages about social issues affecting the lesbian, gay, bisexual and transgender (LGBT) community through artistic performances.

☆ Powerful quake rocks Turkey and Syria, kills more than 3,400
▼ + stars: | 2023-02-06 | by ( ) www.cnbc.com time to read: +8 min

A man carries a girl following an earthquake, in rebel-held town of Jandaris, Syria February 6, 2023. People search through rubble following an earthquake in Diyarbakir, Turkey February 6, 2023. Rescuers carry out a girl from a collapsed building following an earthquake in Diyarbakir, Turkey February 6, 2023. He said their shared four-story building collapsed just as he, his wife and three children ran toward the exit. Rescuers stand on rubble of a collapsed building, following an earthquake, in Latakia, Syria, February 6, 2023 in this handout image.

☆ Brazilian justice confirms senator told him about election conspiracy meeting with Bolsonaro
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

LISBON/SAO PAULO, Feb 3 (Reuters) - Brazil's Supreme Court Justice Alexandre de Moraes confirmed on Friday that Senator Marcos do Val told him about an election conspiracy meeting he allegedly attended with former President Jair Bolsonaro and former lawmaker Daniel Silveira last year. Moraes said during an event held in Lisbon that Do Val approached him to talk about the meeting. The justice said he then asked the senator to testify formalizing the allegations, but Do Val declined to do so. Do Val told reporters on Thursday that Bolsonaro, narrowly defeated by President Luiz Inacio Lula da Silva in an October vote, "sat in silence" while Silveira laid out the plot against Moraes at the meeting. Silveira was arrested by police on Thursday on a warrant issued by Moraes, who accused him of disobeying court rulings.

☆ Brazil's police carry out fresh raids as part of Jan. 8 riots probe
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Feb 3 (Reuters) - Brazil's federal police on Friday carried out fresh raids as part of a probe into the Jan. 8 insurrection, when supporters of former far-right President Jair Bolsonaro stormed government buildings in Brasilia. Police said in a statement they were serving three preventive arrest warrants and 14 search and seizure warrants ordered by the Supreme Court in five states and the federal district, where Brasilia is located. The new efforts represent the fourth phase of an operation launched last month aimed at identifying people who participated in, funded or fostered the riots, in which a mob invaded and ransacked the Congress, presidential palace and Supreme Court. The Brasilia demonstrators were protesting Bolsonaro's defeat by President Luiz Inacio Lula da Silva in an October election and calling for a military coup to oust Lula and restore the far-right leader. Reporting by Ricardo Brito; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Santander Brasil's Q4 net profit slumps as loan-loss provisions bite
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, Feb 2 (Reuters) - Banco Santander Brasil SA (SANB3.SA) on Thursday posted a slump in fourth-quarter net profit as loan-loss provisions rose against a backdrop of higher interest rates and deteriorating credit conditions. The bank's quarterly net profit reached 1.69 billion reais ($334.3 million), down 56% from the previous year, as provisions for bad credit nearly doubled amid higher interest rates. He said net interest income came under pressure from changes in the product mix and higher interest rates, a trend set to persist throughout this year. Santander Brasil's loan-loss provisions reached 7.36 billion reais, pressured by bad credit in loans to individuals, the bank said. In the full year of 2022, its net profit dropped 21.1% from the previous year to 12.9 billion reais, while full-year provisions rose 72.7% and net interest income fell 6.8%.

☆ Brazil senator says he attended election conspiracy meeting with Bolsonaro
▼ + stars: | 2023-02-02 | by ( Ricardo Brito | ) www.reuters.com time to read: +3 min

BRASILIA, Feb 2 (Reuters) - A Brazilian senator said on Thursday that a close ally of former President Jair Bolsonaro tried to persuade the senator to join a conspiracy to overturn the far-right leader's electoral loss last year. Senator Marcos do Val told a news conference that he had been invited to a meeting on Dec. 9 with then-President Bolsonaro by his associate, former lawmaker Daniel Silveira. At the meeting, Silveira asked the senator to try to get the head of the electoral court to make compromising comments in a taped conversation that could lead to the judge's arrest, Val said. The senator told reporters that Bolsonaro "sat in silence" while Silveira laid out the plot against Justice Alexandre de Moraes, a Supreme Court judge running Brazil's top electoral authority (TSE). Silveira told the former president that Val, a Bolsonaro supporter, could be trusted and asked Bolsonaro to present "the idea that would save Brazil" to him, according to the Veja report.

☆ Mastercard, Binance launching prepaid card in Brazil
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

[1/2] Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoSAO PAULO, Jan 30 (Reuters) - Mastercard Inc (MA.N) and Binance said on Monday they are lauching a prepaid card in Brazil, Latin America's largest economy, as part of the crypto giant's efforts to "broaden the connection between traditional finance and crypto". According to a statement, the so-called Binance Card is currently in beta testing and should be widely available in the next few weeks, making Brazil the second country in Latin America to receive it after Argentina. Brazil is one of Binance's ten-largest markets, the crypto said, adding that the prepaid card will all new and existing Binance users in the country to shop and pay bills with cryptocurrencies at Mastercard merchants. Reporting by Andre Romani; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's central govt posts 54.1 bln reais surplus in 2022, first in 9 years
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

The central government, comprising Brazil's Treasury, central bank and Social Security, posted a 54.1 billion reais ($10.7 billion) budget surplus before interest payment in 2022. It followed a 4.4 billion reais surplus in December, which came higher than the 2.8 billion reais expected in a Reuters poll. Private economists polled weekly by the central bank expect 2022 GDP to rise 3%, from just 0.3% they had forecast when last year began. Surging expenses led the primary deficit budgeted for 2023 to reach impressive 232 billion reais. ($1 = 5.0783 reais)Reporting by Marcela Ayres; Editing by Mark Porter and Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Russia, South Africa and a 'redesigned global order': The Kremlin's hearts and minds machine is steaming ahead
▼ + stars: | 2023-01-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +9 min

Russian Foreign Minister Sergei Lavrov visited Pretoria as part of an African tour, his second since the invasion, which will also reportedly take him to Botswana, Angola and Eswatini. On Feb. 24 2022, shortly after the Ukraine invasion, South Africa urged Russia to immediately withdraw its forces from Ukraine. South Africa was one of 15 African nations to abstain from the subsequent U.N. vote in March to condemn Russia's war of aggression. watch nowShe emphasized the multilateral responsibilities of the BRICS (Brazil, Russia, India, China and South Africa) bloc of leading emerging economies in a changing global landscape. White House Press Secretary Karine Jean-Pierre said Monday that "the United States has concerns about any country … exercising with Russia as Russia wages a brutal war against Ukraine."

[1/4] U.S. Treasury Secretary Janet Yellen and South Africa's Finance Minister Enoch Godongwana attend bilateral talks, at the treasury offices in Pretoria, South Africa, January 26, 2023. Nevertheless Lavrov made a stopover after visiting South Africa, which his counterpart Thulisile Dladla described as a "profound honour." Eswatini relies on the United States for aid, but its absolute monarchy has suffered U.S. criticism on human rights. South Africa, alongside Russia and China, is pushing for a "multipolar" world in which geopolitical power is less concentrated around the United States. "It hasn't delivered the kind of benefits South Africa was hoping to get."

☆ Brazilian ex-senator takes over as Petrobras CEO; shares fall
▼ + stars: | 2023-01-26 | by ( Marta Nogueira | ) www.reuters.com time to read: +3 min

Prates was unanimously approved by the board, on which he will also hold a seat, Petrobras said in a securities filing. He has said the Lula government would not take an aggressively interventionist approach to Petrobras. Petrobras made bumper payouts in recent quarters, but Prates has said the company cannot "just keep tapping sub-salt oil and paying dividends". Prates, who was a senator for the past four years, is the first politician in several years to hold a high-ranking office at Petrobras. Earlier in the day, the Brazilian Senate's official gazette published the resignation of Prates as a lawmaker.

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