Brazil Financial News

The giant meat producer JBS was accused of making misleading claims about its greenhouse gas emission goals to boost sales among environmentally conscious consumers in a lawsuit filed by New York Attorney General Letitia James

By Jonathan Stempel

By David Lawder

By Marcela Ayres and Christian Kraemer

G20 finance ministers will meet Wednesday in Brazil, seeking ways to shore up a global economy whose nascent recovery is threatened by a raft of conflicts and crises, including the wars in Ukraine and Gaza. The Ukraine war could take center stage at the meeting, with G7 countries due to meet on the sidelines to discuss shoring up Western support against Russia's invasion — including what US Treasury Secretary Janet Yellen called an «urgent» proposal to use frozen Russian assets to increase aid for Kyiv.

Stocks held near their record levels after a quiet day of trading

Takeda Pharmaceutical is holding talks with Indian regulators to make its dengue vaccine available in the country, the drugmaker's global head of vaccines, Gary Dubin, told Reuters on Tuesday. «We are in talks with regulators and plan to start a clinical trial very soon,» said Dubin. The Japanese drugmaker plans to scale up the production of its dengue vaccine Qdenga through a partnership with Indian vaccine maker Biological E., the companies said earlier in the day.

By Andrea Shalal

The strength of the US economy has been a key driver of global economic resilience, Treasury Secretary Janet Yellen plans to say Tuesday ahead of meetings with her counterparts from the world’s top economies.

CBI director to file a status report in the Embraer aircraft deal corruption case, noting the probe is not complete even after seven years and no purpose will be served to proceed with the trial with a «half-baked case». The agency had filed a charge sheet against arms dealers Arvind Khanna, advocate Gautam Khaitan and businessman Anup Gupta on June 1 last year in the corruption case where kickbacks to the tune of USD 5.76 million were allegedly paid to swing a three-aircraft deal with the DRDO in favour of the Brazilian firm. The court had taken cognisance of the charges against the accused last year, but the trial could not proceed because the CBI did not apprise the court of how much more time was required to conclude the investigation. Underlining that the investigation is not complete even after seven years of registering the case, special judge Gaurav Rao said, «Let a detailed report be filed by the IO (Investigating Officer), duly forwarded by the Director CBI, as to how much time he requires to conclude the investigation as the reports already filed so far are almost verbatim of the previous reports.»

U.S. economic growth has been a «key driver» of better than expected global growth, U.S. Treasury Secretary Janet Yellen will tell a news conference on Tuesday ahead of this week's meeting of G20 finance officials in Sao Paolo, Brazil. In excerpts of her remarks released by Treasury, Yellen said the International Monetary Fund and other forecasters had projected a broad-based slowdown in the global economy in 2023 that did not happen.

By Ricardo Brito

idli, chana masala and rajma featured in the top 20 dishes with the highest biodiversity footprint, along with chicken jalfrezi and chicken chaat, according to a new study analysing 151 popular local dishes from around the world. However, researchers found that dishes with beef as the main ingredient such as fraldinha — beef cut dish originating from Brazil — formed the bulk of the top 20. Chili con carne (spicy stew with chili peppers, beef and beans) and beef tartare were other such dishes. The scientists from National University of Singapore analysed lists of popular dishes taken from CNN.com and TasteAtlas.com to estimate their biodiversity footprints when globally and locally produced. The researchers found that dishes made from ingredients like beef, legumes and rice encroaching on biodiversity hotspots with already very high agricultural pressure such as India end up having a high biodiversity footprint.

IBSA’s vision for peace, global governance reform, sustainable development, and the fight against poverty and hunger, as such countries can serve as a bridge for South-South and South-North dialogue and cooperation. This was decided at the IBSA Foreign Ministers meet on Friday in Brazil attended by MoS External Affairs V Muraleedharan. The Ministers also called upon the international community to establish a genuinely broad international counter-terrorism framework in accordance with the principles of international law and support the United Nations' central coordinating role in international counter-terrorism cooperation.

US Secretary of State Antony Blinken on Friday reaffirmed Washington's opposition to any reoccupation of the Gaza Strip by Israel as well as any reduction of the Palestinian territory's size. Blinken's remarks were in response to a plan for post-war Gaza put forward by Israeli Prime Minister Benjamin Netanyahu, in which his country's army would have «indefinite freedom» to operate throughout the Gaza Strip once Hamas is defeated.

By Andrea Shalal

India is renewing its push to add rooftop solar to meet the needs of a fast-growing nation that's hungry for energy

G20 Foreign Ministers meeting in Rio, Union Minister of State V Murleedharan on Thursday had a brief discussion with the United States Secretary of State, Antony Blinken. «A brief chat with US Secretary of State Antony Blinken on the sidelines of G20 Foreign Ministers' Meeting in Rio,» the MoS posted on X. Notably, Brazil assumed the presidency from India on December 20, 2023, and the G20 Foreign Minister's Meeting would be the first ministerial meeting under the Brazilian Presidency, the Ministry of External Affairs said in an official release.

Against a backdrop of continuing demand for financial planning advice around the world, the global community of certified financial planning professionals set a new record last year, according to the FPSB.

Lula da Silva's comparison of Israel's military campaign in Gaza to the Holocaust has unleashed a diplomatic firestorm, with Brazil recalling its ambassador Monday and Israel declaring Lula «persona non grata.» The row erupted the day before when Lula said the ongoing conflict in the Gaza Strip «isn't a war, it's a genocide,» and compared it to «when Hitler decided to kill the Jews.»

Israel for carrying out genocide in Gaza and voiced support for South Africa's case against Israel at the UN's International Court of Justice. However, it was the first time he directly compared Israel's actions to the Holocaust. As per Israeli Prime Minister Benjamin Netanyahu, the remark “crossed a red line".