DIRS.INFO The most relevant business & tech news

The killings of four University of Idaho students in mid-November at an off-campus residence stunned the small community of Moscow, Idaho, where investigators grappled with what the town's police chief would later describe as a "very complex" case. Nov. 13At about 1:30 a.m., Goncalves and Mogen are seen ordering from a nearby food truck, according to the truck's livestream. People place flowers at a memorial in front of a campus entrance sign for the University of Idaho in Moscow, Idaho on Nov. 16. Nov. 18Police say the victims were most likely asleep when they were slain, and some of them had defensive wounds. Nov. 30A vigil is held at the University of Idaho in honor of the victims, with some family members in attendance.

Huawei, known for its telecoms equipment and smartphones, signed or renewed over 20 patent licensing deals this year, said Steven Geiszler, the company's U.S. chief intellectual property counsel. "By getting a return on our R&D investment, it allows us to re-invest and re-invent," Geiszler said, referring to research and development. Huawei generated about $1.2 billion globally from licenses over the three years ended 2021, or roughly hundreds of millions of dollars annually, Geiszler said. Its full-year sales figures for 2022 will not be tallied until next year, and the licensing unit's profits or losses are not accounted for independently, he said. As publicly disclosed technology, the patents are not subject to the U.S. restrictions, Geiszler said.

☆ World Bank to lend $500 million to help Brazil meet climate goals
▼ + stars: | 2022-12-23 | by ( Steven Grattan | ) www.reuters.com time to read: +3 min

The initiative, in collaboration with Brazilian state-controlled lender Banco do Brasil, adopts an approach to lending linked to sustainability to help Brazil meet its climate goals and deliver "robust" mitigation benefits, a bank statement said. At the start of December, the World Bank and its partners launched a global tracking system to clean up the opaque market for carbon credits and help developing countries raise much-needed climate finance quickly and more cheaply. "Up to 90 million tCO2e in emission reductions are expected by 2030, the equivalent to about 4.5% of what Brazil needs to stay on track with its net-zero commitments," the World Bank said. "Brazil has significant potential to become a global leader in the transition to a low-carbon economy", said Johannes Zutt, World Bank country director for Brazil. Banco do Brasil will be able to offer its clients packages that integrate financing with support to access carbon markets through a “one-stop shop”, as the World Bank explained it.

RIO DE JANEIRO, Dec 22 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras (PETR4.SA), a member of his transition team said on Thursday. Deyvid Bacelar, head of oil workers' union FUP, said on social media that Lula had picked Prates based on the labor group's recommendations. He added that Senator Alexandre Silveira would be chosen to be mines and energy minister. The transition team, Prates and Petrobras did not immediately respond to requests for comment. Preferred shares of the oil company rose more than 2% after Bacelar's post, outperforming Brazil's benchmark stock index Bovespa <.BVSP>, before ceding half the gain.

☆ Fund manager says a recession is ‘imminent’ — and names cheap stocks to play it
▼ + stars: | 2022-12-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The yield curve is already signaling that a recession could be on the horizon. I think that's pretty clear," fund manager Steven Glass told CNBC's "Street Signs Asia" Monday. So, we think the bond market suggests that could likely be a recession in probably the next year," Glass added. An inverted yield curve occurs when interest rates on shorter-term U.S. Treasury bonds are higher than longer-term ones. With inflation likely to remain higher-for-longer in the near term and companies facing earnings pressure, Glass said he is focusing on companies with earnings visibility.

REUTERS/Jesus HernandezEL TOCUYO, Venezuela, Dec 20 (Reuters) - Julio Perez, a 38-year-old auto mechanic, sold his car and tools to make the dangerous journey from Venezuela to the United States. But like many migrants in the two months since the United States changed its immigration policy, he opted to board a plane back to Venezuela. Sandoval trekked through muddy pathways and waste-high rivers, only to find out the news of the Title 42 policy after emerging. "To be told this news was really, really awful after everything I experienced there in the jungle," Sandoval said. Like Sandoval, Perez - who says he would never attempt to cross the Darien again - is still haunted by his journey of broken dreams.

☆ Lula, Putin talk on 'strategic' Brazil-Russia relations
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Dec 20 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva said on Tuesday that Russian President Vladimir Putin had congratulated him on his recent election win and talked of stronger relations between the two countries. Putin said earlier this year he had "good relations" with both Lula and far-right incumbent Jair Bolsonaro, who made an official trip to Moscow in February, just days before the start of the war in Ukraine. "Putin congratulated me on my election victory and wished me a good administration and the strengthening of relations between our countries," the leftist leader tweeted. "Brazil is back, seeking dialogue with everyone and committed to the search for a world without hunger and with peace," Lula added. In a separate statement, the Kremlin said both men had expressed confidence that the countries' "strategic partnership...will develop successfully, including within the BRICS framework".

☆ Brazil's Lula talks to Putin, says he seeks 'dialogue with everyone'
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Dec 20 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva said on Tuesday he has spoken with Russian President Vladimir Putin, noting that Putin wished him a good administration and said he hoped that relations between the two countries would be strengthened. "Brazil is back, seeking dialogue with everyone and committed to the search for a world without hunger and with peace," Lula, who will take office from incumbent Jair Bolsonaro on Jan. 1, said in a Twitter post. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Nonstop partying, lavish spending, and sexual-harassment accusations: Inside the self-destruction of Pollen, the music startup once worth $800 million
▼ + stars: | 2022-12-20 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +41 min

About 400 Pollen employees were camped out in Mendocino County, California, for five straight days of partying. Two former Pollen employees told Insider that they recalled the assistant telling them about Callum's inappropriate comments at the time. (The Pollen representative said Callum and Bedi didn't date at Pollen or at any other company connected to Pollen. Out of 360 events Pollen announced over the past 12 months, 39 were canceled, the Pollen representative said. (The Pollen representative said that "out of hundreds of thousands of customers, fewer than 100 people were moderated" online.)

The Kunming-Montreal Global Biodiversity Framework, reflecting the joint leadership of China and Canada, is the culmination of four years of work toward creating an agreement to guide global conservation efforts through 2030. A Congolese representative argued that developed nations should provide more resources to nature conservation efforts in developing countries. [1/6] The leadership of the U.N.-backed COP15 biodiversity conference applaud after passing the The Kunming-Montreal Global Biodiversity Framework in Montreal, Quebec, Canada December 19, 2022. Developed countries will provide $25 billion in annual funding starting in 2025 and $30 billion per year by 2030. The agreement, which contains 23 targets in total, replaces the 2010 Aichi Biodiversity Targets that were intended to guide conservation through 2020.

☆ Historic biodiversity agreement reached at UN conference
▼ + stars: | 2022-12-19 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

Negotiators reached a historic deal to protect the world's lands and oceans at a United Nations biodiversity conference Monday. The agreement includes a commitment to protect 30% of land and water considered important for biodiversity by 2030, and has been coined "30 by 30." The deal was reached on the final day of the United Nations Biodiversity Conference, also known as COP15, in Montreal, Canada. We have an agreement to halt and reverse biodiversity loss, to work on restoration, to reduce the use of pesticides," Guilbeault said. 'A floor, not a ceiling'While many see the agreement as progress, some argue "30 by 30" isn't enough in itself to tackle the global biodiversity crisis.

☆ Peru's GDP expands 2.01% in October
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

LIMA, Dec 15 (Reuters) - Peru's economy expanded 2.01% in October compared with the year before, the government's INEI statistics agency said on Thursday, accelerating its pace of growth after a 1.66% year-on-year rise the previous month. Growth in the month was fueled by "the favorable evolution of most economic sectors except for the manufacturing, telecommunications and financial" sectors, said INEI. Peru's economy expanded by 2.81% between January and October. Reporting by Marco Aquino; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Eletrobras, Shell mull co-investment in Brazil offshore wind power
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Dec 15 (Reuters) - Brazilian power company Eletrobras (ELET6.SA) said on Thursday it has signed a cooperation agreement with Shell (SHEL.L) as they exchange information for a potential co-investment in offshore wind power in Brazil. Centrais Eletricas Brasileiras SA, as the company is formally known, said the move was part of its diversification strategy in renewable energy. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Canada certifies Embraer's E2 jets ahead of first Porter Airlines delivery
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Dec 15 (Reuters) - Brazilian planemaker Embraer SA (EMBR3.SA) said on Thursday that its E2 family of commercial jets has received Type Certification from Canada's aviation regulator. The move opens room for Embraer to deliver in the coming days the first of fifty E195-E2 aircraft ordered by Toronto-based Porter Airlines. The E2 jets had already been granted certification by regulators in Brazil, the United States and Europe. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Oi exits bankruptcy protection after more than 6 years; shares jump
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, Dec 15 (Reuters) - Shares in Brazilian telecom firm Oi SA (OIBR4.SA) soared on Thursday after it revealed it was exiting bankruptcy protection, marking the closure of a restructuring process that lasted more than six years. Oi filed in June 2016 for Brazil's then-biggest ever bankruptcy protection after running out of time to reorganize operations and restructure a multibillion-dollar debt amid a harsh recession in Latin America's largest economy. After the announcement, common shares in Oi jumped as much as 53% to 0.26 real in morning trading. Analysts at Genial Investimentos said the move was positive for the firm, even though they still thought Oi was financially weakened. Guide Investimentos echoed the concern and noted that despite being postponed several times, the end of the bankruptcy protection was already expected.

☆ Brazil's spending package affecting inflation expectations, says central bank
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Dec 15 (Reuters) - Brazil's central bank already believes a recently proposed spending package is partly affecting closely watched inflation expectations, said the bank's chief Roberto Campos Neto on Thursday. We see it in implicit inflation and in the structure of long-term interest rates and, when that happens, expectations are always contaminated," he said, adding long-term inflation expectations were in part affected. For its current inflation projections, the central bank has considered a fiscal expansion of 130 billion reais next year extracted from market estimates, said Campos Neto. The central bank held interest rates at 13.75% this month, after a September pause to an aggressive tightening that lifted rates from a 2% record low in March 2021 to battle inflation. Campos Neto pointed out that coordination between fiscal and monetary policies is "very important," and the central bank needs proper conditions to lower rates.

☆ Brazil's Petrobras reaches deal with regulator on govt stake in oilfield
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

Companies Petroleo Brasileiro SA Petrobras FollowSAO PAULO, Dec 15 (Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) has reached a deal with oil regulator ANP to pay 780 million reais ($146.38 million) regarding the government's stake in its Jubarte oilfield, ANP said on Thursday. The deal will now be put up for public consultation and may end a legal battle between the two parties. ($1 = 5.3287 reais)Reporting by Marta Nogueira; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Petrobras shares dive on Brazil vote to ease rules on politicians running state firms
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, Dec 14 (Reuters) - Brazil's lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms, hammering shares of the state-run oil company, devastated by a political graft scandal over the past decade. Shares in state-run oil company Petroleo Brasileiro SA (PETR4.SA) (Petrobras) closed 10% lower on Wednesday. Analysts at BTG Pactual said the revised law would be bad for governance at state-owned firms as it eliminates one of their main mechanisms of defense from political influence. Incoming Finance Minister Fernando Haddad did his best to downplay the looser controls on politicians running state firms, saying the most important way to fight corruption is with strong, independent auditors. Reporting by Eduardo Simoes, Carolina Pulice and Marcela Ayres; Writing by Steven Grattan and Gabriel Araujo; Editing by Brad Haynes, Mark Potter and Lincoln Feast.

☆ Cameo launches Cameo Kids personalized videos with Candle Media
▼ + stars: | 2022-12-08 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

Dec 8 (Reuters) - Celebrity video messaging service Cameo said Thursday it has partnered with Candle Media to launch a new feature aimed at the playground set -- Cameo Kids. The service will offer personalized birthday and holiday video greetings from animated children's characters, including popular figures from Candle Media's Moonbug Entertainment's franchises "Blippi" and "CoComelon." Personalized messages for children expand the potential market for Cameo, which launched five years ago and allows athletes, celebrities and musicians to sell personalized videos to their fans. Cameo had experimented with offering children's content about a year ago, working with Mattel Inc's (MAT.O) 'Thomas the Tank Engine,' but its partnership with Candle Media helped elevate the experience, Galanis said. Blackstone-backed Candle Media spent months figuring out how to use its animated characters to deliver personalized video at scale.

While indigenous groups account for about 5% of the world's population, their lands safeguard about 80% of Earth's remaining plant and animal species, according to the World Bank. Indigenous groups have a range of concerns about the U.N. summit negotiations. Some critics worry that the 30-by-30 target could be used to erode indigenous rights under the guise of conservation. Others, like Tuxa of Brazil and Ngomo of Congo argue that a 30% conservation target does not go far enough to ensure nature's protection. Adopting a 30% target at the national level could backfire, Tuxa said, in suggesting Brazil can open more land to development.

“You have to sample them all and analyze them all to see if they belong to victims or a suspect. The Moscow killings occurred in a three-story, six-bedroom rented house, about a half-block from the University of Idaho campus. The apartment house in Moscow, Idaho, where four students were stabbed to death held an enormous amount of biological evidence, experts say. “So, who could have left that DNA evidence? Before getting answers about DNA, investigators seek clues in the location of blood.

☆ I bought a second home in Spain for $250,000 because I don't want to live in the US anymore. It's half the cost of living in Manhattan.
▼ + stars: | 2022-12-04 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +6 min

Michael Steven Grant and his partner bought a second home in Sitges, a town near Barcelona, Spain. Grant worked in nonprofit fundraising before starting in July with VistaFutura, a company that helps Americans purchase and maintain property in Spain. After many years on the west coast I ended up on the east coast again, in Manhattan, eight or nine years ago. A year ago my partner and I were thinking of where we wanted to buy a second place with the hopes of, down the road, retiring to and living full-time. We went back to Spain in March of this year and saw maybe a dozen places, none of which we liked.

☆ Brazil's Lula mulls U.S. trip before January inauguration
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Dec 2 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva said on Friday he is considering traveling to the United States to meet President Joe Biden after his election victory is certified this month. Lula told reporters in Brasilia that he wanted to discuss a series of issues with Biden, including the Ukraine War, and may travel to the United States before his inauguration on Jan. 1. "I want to talk to him about Brazil-U.S. relations, Brazil's geopolitical role in the world, the war in Ukraine - there is no need for a war," Lula said. "The damage Trump has done to U.S. democracy is the same damage that Bolsonaro has done to Brazil's. They have the same behavior," said Lula, who is set to meet with two U.S. envoys on Monday in Brasilia to discuss possible dates for his trip.

☆ 'Four beautiful kids': Community remembers slain University of Idaho students at vigil
▼ + stars: | 2022-12-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +4 min

Fighting back tears, parents of slain University of Idaho students shared moments of laughter and sorrow Wednesday as students and faculty members gathered for a vigil for the four lives lost. We’re going to figure this stuff out,” Steven Goncalves, Kaylee’s father, said at the ceremony at the university in Moscow, Idaho. The unsolved killings have put some students at the university, in a city of around 25,000, and the community on edge. "That’s the only thing that’s going to heal us. That’s the only thing that’s going to heal you."

☆ Landslides cut off major Brazilian grains port, dozens missing
▼ + stars: | 2022-11-30 | by ( Roberto Samora | ) www.reuters.com time to read: +2 min

SAO PAULO, Nov 30 (Reuters) - Landslides after heavy rains in southern Brazil left dozens of people missing in Parana state and cut off access to a major port for grains and sugar shipments, authorities said on Wednesday. The BR-277 road to Paranagua and Antonina ports has been closed to vehicle traffic toward the coast since Tuesday. About 80% of goods exported at from Paranagua, Brazil's second-biggest port for grains and sugar, arrive by trucks, the port authority said, declining to estimate losses from the disruption. Rumo said goods are being delivered to the port and that it was monitoring the conditions of the tracks. The main products arriving by rail are sugar, soybeans and corn, according to the port authorities.

Search resuls for: "Steven G"

25 mentions found