CashNews.co Brazil’s president says he refuses be cowed by the wealth and power of tech tycoon Elon Musk, after the politician backed a ban of Musk’s social media site X in his nation. The site formerly known as Twitter has been barred by one of the world’s largest democracies after accounts on the platform were […]
CashNews.co We recently compiled a report on the 30 Wealthiest People in Brazil and in this article we will look at the richest person in the South American country. Brazil’s Economy: An Analysis Brazil is one of the largest countries in Latin America, with a GDP of $2.17 trillion and a population of 216 million […]
CashNews.co By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s economy kept growing at a solid pace last quarter compared to the first three months of the year, supported by household expenditure, a Reuters poll predicted. But higher imports of goods and services likely weighed on the country’s growth after surpassing less-dynamic exports at the start […]
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 […]