CashNews.co (Bloomberg) — Elon Musk backed down and decided to comply with court orders in Brazil, an attempt to end a monthslong clash that culminated in million-dollar fines and the banning of his social network X in Latin Americaâs largest economy. Most Read from Bloomberg X appointed a legal representative in the country on Friday, […]
CashNews.co Brazil has fined Elon Musk’s companies after some users in the country were able to briefly access the social media platform X, despite a ban imposed last month. Brazilian users swarmed the site on Wednesday after X updated how its servers within the country were accessed. The platformâs restoration was unintended, the company said. […]
CashNews.co April 11 (Reuters) – Carrefour Brasil, the local arm of French retail giant Carrefour, said on Tuesday it reached an agreement to reduce the price of its acquisition of Grupo Big by up to 1 billion reais ($199.7 million). In a securities filing, the company said the agreement would reduce the price of the […]
CashNews.co From left to right, Carlos Campos (General Director of emnify in Brazil), Carlos Baigorri (Chairman and CEO of ANATEL), Alexander Schebler (VP of Network Access and Co-founder of emnify) and Christopher Ruettgers (CPO of emnify), visiting ANATEL in Brazil. (Photo: Business Wire) Initiative enables mobile connectivity for all IoT/M2M devices in Brazil, regardless of […]
CashNews.co (Bloomberg) — Brazil Finance Minister Fernando Haddad said the government is worried a resurgence in extreme weather will spur inflation as central bankers are expected to lift the interest rate starting next week. Most Read from Bloomberg The nationâs persistent dry spell can stoke food and energy price increases, Haddad told reporters in Brasilia […]
CashNews.co BRASILIA (Reuters) – Brazil Finance Minister Fernando Haddad said on Wednesday that the government is expected to raise its annual economic growth forecast to above 3%, up from the current projection of 2.5%. “I believe that a floor of 3% is already virtually secured,” he told reporters. The minister expressed some concern about inflation, […]