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Articles for Reais

Brazilian Hedge Fund Verde Says It Made Bitcoin Bet Before Trump Win
1 month, 1 week ago

Brazilian Hedge Fund Verde Says It Made Bitcoin Bet Before Trump Win

Live Mint  

Verde Asset Management, the Brazilian money manager run by industry veteran Luis Stuhlberger, is among those riding the Bitcoin rally sparked by President-elect Donald Trump’s return to the White House. Verde, one of Brazil’s best-known hedge funds, built a small position in Bitcoin ahead of the Nov. 5 vote, while also boosting a wager against the Chinese yuan, it said …

Bitcoin Brazil Fund Brazilian Verde
Brazil reaches $23 billion settlement with mining firms over 2015 environmental disaster
1 month, 4 weeks ago

Brazil reaches $23 billion settlement with mining firms over 2015 environmental disaster

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

London Mining Brazil Brazilian Bhp Billion Settlement Lula
Former CEO of Brazilian retail giant Americanas arrested amid allegations of billions in fraud
5 months, 3 weeks ago

Former CEO of Brazilian retail giant Americanas arrested amid allegations of billions in fraud

Associated Press  

SAO PAULO — The former CEO of Brazilian retail giant Americanas, Miguel Gutierrez, was arrested Friday in Madrid, accused of participating in a 25 billion reais fraud scheme. Brazil’s Federal Police added his name to Interpol’s red notice list after determining the company falsified financial results to inflate cash flow and artificially boost the company’s stock. Gutierrez, who is also …

Brazil Billion Brazilian Gutierrez Retail Giant
Madonna attracts 1.6 million to free concert at Brazil's Copacabana beach
7 months, 2 weeks ago

Madonna attracts 1.6 million to free concert at Brazil's Copacabana beach

Hindustan Times  

RIO DE JANEIRO, - More than a million people thronged Brazil's Copacabana beach for a free Madonna concert on Saturday, braving the heat to see the end of her "Celebration" world tour. HT Image The sand and oceanfront boulevard around Rio de Janeiro's famed beach were filled for several blocks by a crowd the city estimated at 1.6 million. Firefighters …

Madonna Brazil Million Concert Brazilian Rio World Tour
Evolving threats: The state of personal data protection in Brazil
1 year, 4 months ago

Evolving threats: The state of personal data protection in Brazil

Al Jazeera  

As local data protection regulations reach a five-year milestone, the need for more resources and an integrated approach persists. Launched in 2020 two years after the enactment of the General Data Protection Law, Brazil’s National Data Protection Authority has, to date, acted in 29 formal oversight processes to ensure compliance with the laws, and recently issued its first sanction: a …

Personal Cybersecurity Protection Data Protection Data Brazil Public
Brazil’s Bolsonaro to receive pension as ex-lawmaker
2 years ago

Brazil’s Bolsonaro to receive pension as ex-lawmaker

Associated Press  

BRASILIA, Brazil — Brazilian President Jair Bolsonaro, who was beaten by leftist Luiz Inacio Lula da Silva in October’s presidential election, is receiving a pension for the years he spent as a lawmaker on top of the pension he receives as a former army captain. Bolsonaro, who leaves office on Jan. 1, had previously refused to receive the legislative pension, …

Brazil Bolsonaro
Apple to challenge ban on selling iPhones without chargers in Brazil
2 years, 3 months ago

Apple to challenge ban on selling iPhones without chargers in Brazil

Hindustan Times  

Apple Inc said on Tuesday it will appeal a Brazilian order banning it from selling iPhones without a battery charger, pushing back on claims that the company provides an incomplete product to consumers. Representative Image The Justice Ministry fined Apple 12.275 million reais and ordered the company to cancel sales of the iPhone 12 and newer models, in addition to …

Apple Brazil Iphone
Brazil police recover art masterpieces stolen in elderly con
2 years, 4 months ago

Brazil police recover art masterpieces stolen in elderly con

Associated Press  

RIO DE JANEIRO — Police in Rio de Janeiro on Wednesday were seeking the arrest of six people accused of involvement in stealing 16 artworks together valued at more than 700 million reais, some of which were recovered. In January 2020, a self-proclaimed soothsayer approached the widow in the Copacabana neighborhood and informed her that her daughter was sick and …

Art Daughter Works Her Daughter Widow
Brazil’s Bolsonaro complains about gas prices as inflation soars
3 years, 2 months ago

Brazil’s Bolsonaro complains about gas prices as inflation soars

Al Jazeera  

Seven out of 10 Brazilians blame the government of President Jair Bolsonaro for their loss of purchasing power, according to a recent Datafolha poll. Brazil President Jair Bolsonaro is putting pressure on governors and lawmakers to reduce taxes on diesel and cooking gas in a bid to rein in rising energy prices that are hurting his popularity. Another survey by …

Gas Price Brazil Bolsonaro Cooking Gas Inflation Soars
Bolsonaro: Aid to Brazil’s poor to rise 58% amid high food costs
3 years, 6 months ago

Bolsonaro: Aid to Brazil’s poor to rise 58% amid high food costs

Al Jazeera  

If confirmed, the 58 percent increase in aid announced by Brazilian President Jair Bolsonaro in a TV interview late on Tuesday would be far higher than the one under consideration by the country’s economy ministry. Brazil’s President Jair Bolsonaro said in a TV interview that his government would raise monthly payments under a popular welfare programme to 300 reais from …

Brazil Aid Bolsonaro 300 Reais Reais
Brazilians thrown back into poverty as COVID aid dries up
3 years, 8 months ago

Brazilians thrown back into poverty as COVID aid dries up

Al Jazeera  

That nearly $60bn burst of basic income softened the economic blow of the coronavirus pandemic, boosted President Jair Bolsonaro’s popularity and beat back poverty — but its expiration at the end of 2020 is unravelling many of those effects. From April to December, she and some 66 million other Brazilians received money from the government’s most generous cash transfer programme …

Poverty Brazil Aid Brazilians Brazilian Bolsonaro Reais
Vale reaches $7bn settlement over deadly dam collapse in Brazil
3 years, 10 months ago

Vale reaches $7bn settlement over deadly dam collapse in Brazil

Al Jazeera  

Vale SA agreed to pay $7.03bn in a settlement with Brazilian authorities for the Brumadinho dam collapse two years ago that killed 270 people. Vale SA reached a settlement agreement with Brazilian authorities for a dam collapse that killed 270 people and led to production cutbacks that stripped the company of the title of world’s biggest iron ore producer. Vale …

Brazil Billion Vale Vale Sa Reais Brumadinho
Brazil’s poor squeezed by less virus aid, surging food costs
4 years, 2 months ago

Brazil’s poor squeezed by less virus aid, surging food costs

Associated Press  

RIO DE JANEIRO — Many people in Brazil are struggling to cope with less pandemic aid from the government and jumping food prices, with millions expected to slip back into poverty. Brazil’s government, starting this month, halved the amount of its monthly emergency cash transfers to help Brazil’s poor withstand the hardship of the economic meltdown, down to 300 reais. …

Food Brazil Aid Sao Paulo Program Food Prices 300 Reais