CashNews.co By Luciana Novaes Magalhaes (Reuters) – Elon Musk-controlled satellite internet provider Starlink has told Brazil’s telecom regulator Anatel it will not comply with a court order to block social media platform X in the country until its local accounts are unfrozen. Anatel confirmed the information to Reuters on Monday after its head Carlos Baigorri […]
CashNews.co BRASILIA (Reuters) – Brazil’s Finance Ministry said on Monday that if there is a shortfall in revenue, it will submit proposals to Congress in this year’s second half to tax big tech companies and implement a global minimum tax of 15% on multinational corporations to secure the 2025 fiscal goal. In a presentation on […]
CashNews.co SAO PAULO (Reuters) – Brazilian payments fintech Ebanx said on Tuesday it had laid off about 20% of its staff, joining billion-dollar tech companies across the country bracing for a gloomy economic landscape. Ebanx’s dismissal of 340 employees is the latest in a wave of large Brazilian startups who have announced they are slimming […]
CashNews.co RIO DE JANEIRO, Oct 7 (Reuters) – Far-right Brazilian President Jair Bolsonaro said in comments published on Friday that the war in Ukraine would not have happened if former U.S. President Donald Trump were still in office, but offered no explanation for how his close ally could have prevented the conflict. The comments in […]
CashNews.co By Gabriel Araujo, Peter Frontini and Carolina Pulice SAO PAULO (Reuters) -A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA’s bankruptcy protection request, days after the company disclosed nearly $4 billion in accounting inconsistencies that have sparked a legal feud with creditors and investors. Americanas, a 93-year-old company with stores all […]
CashNews.co BRASILIA (Reuters) -The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday. According to the ministry, the tax revenues from fuels will be 100% recovered with the end of the waiver. The rate on fossil fuels will be higher than biofuels, as […]
CashNews.co RIO DE JANEIRO (Reuters) – A Brazilian court on Tuesday granted a request by bankrupt retailer Americanas that it be allowed to immediately pay workers’ wages and settle small supplier debts, for a total of about 192 million reais ($36.7 million). Rio de Janeiro Judge Paulo Assed Estefan said in his ruling the payments […]
CashNews.co Mercado Bitcoin, Brazil’s largest crypto exchange, was licensed as a payment institution by Brazil’s central bank on Friday, Valor Economico newspaper reported. The company is now authorized to operate as a payment institution, under the status of an electronic money issuer. “The central bank’s approval is an important step, as it allows us to […]
CashNews.co (Bloomberg) — Hedge fund billionaire Bill Ackman joined critics of a court order to suspend Elon Musk’s X in Brazil, saying the ruling will likely drive away investors and harm the country. Most Read from Bloomberg On Friday, Supreme Court Justice Alexandre de Moraes ordered internet service providers in Brazil to block its users […]
CashNews.co (Bloomberg) — Brazil’s top court determined the immediate suspension of X in the country after its billionaire owner Elon Musk refused to name a legal representative for the social network in Latin America’s largest nation. Most Read from Bloomberg The banning of the platform formerly known as Twitter caps a months-long feud between Musk […]