Brazil Financial News

The Brazilian football (soccer) icon Ronaldinho has failed to show at a parliamentary hearing on crypto pyramids, and could face jail time if he refuses to attend another hearing later this month.

Embraer SA, the world’s third largest manufacturer of commercial jets, is betting big on India as a key growth market and potential manufacturing hub. In an interview with ET’s Arindam Majumder, chief executive Francisco Gomes Neto, explains the Brazilian aerospace company’s growth plans which include finding a local joint venture partner to set up a manufacturing unit in India. Edited excerpts:India now has one of the largest aircraft order books in the world. But it has been a challenge to find customers here for Embraer. What are the sticking points? There are ongoing dialogues and conversations that are happening with Indian airlines.

Brazilian soccer star Ronaldinho Gaúcho could be detained by authorities to testify over a crypto fraud investigation in Brazil. According to local media reports, Ronaldinho failed to appear before the country's Congress over a pyramid scheme probe allegedly linked to one of his companies.

the future of BRICS-Plus. The Johannesburg summit of BRICS leaders, which ended on 23 August 2023, agreed to induct six new members: the United Arab Emirates (UAE), Saudi Arabia, Argentina, Iran, Egypt and Ethiopia. Along with the existing five members—Brazil, Russia, India, China and South Africa—the expanded grouping of 11 members now presents an interesting alchemy of geo-political and geo-economic interests.

Tata Sons said on Sunday that India’s B20 presidency worked under the theme of PM Narendra Modi’s vision of ‘Vasaudeva Katumbakam’ (One Earth, One Family, One Future). India also handed over the B20 presidency to Brazil to host G20 Summit in 2024. Addressing the G20 Summit, N Chandrasekaran said, "India's B20 Presidency under the G20 Presidency worked under the theme of PM's vision of 'Vasaudeva Katumbakam' (One Earth, One Family, One Future).

Brazil on Sunday and said «exciting times ahead as we continue shaping global business priorities together.» Prime Minister Narendra Modi delivered a keynote on the last day of the summit which is the official dialogue platform between the G20 and the global business community.PM Modi's address came in the context of India handing over the B20 presidency to Brazil, marking a transition in the leadership of this influential dialogue platform. The B20 summit is the official G20 dialogue forum with the global business community. Established in 2010, B20 is among the most prominent Engagement Groups in G20, with companies and business organisations as participants.

By Howard Schneider, Ann Saphir and Balazs Koranyi

Read more Jio Financial Services stock will now be removed from the all the S&P BSE indices, including Sensex, Sensex 50, BSE 100, BSE 500 among others, before opening of trading on September 1. Read more The Securities and Exchange Board of India (Sebi) on Friday informed the Supreme Court that it has concluded 22 out of 24 separate investigations into the Adani group, analysed data on nearly 350 million stock trades, and scrutinized dealings in seven Adani group firms involving tens of thousands of documents.

Amidst the expected chill of winter, Brazil finds itself grappling with an unexpected challenge: scorching heatwaves that are defying seasonal norms. The National Institute of Meteorology has issued a concerning report, revealing that over 11.5 million residents of Sao Paulo are confronting the impact of soaring temperatures, which have surged nearly 10 degrees above the average of 24.5 degrees Celsius.

Pakistan has tried to downplay the snub from the BRICS, saying it has not yet made a formal request to join it after the bloc ignored Islamabad when it announced its major expansion in years. On August 24, The leaders of the BRICS nations decided to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as the new members of the grouping, sealing a long-drawn process. Foreign Office spokesperson Mumtaz Zahra Baloch issued the details of her weekly briefing on Friday night, a day after the bloc of developing countries added new countries. «We will examine the latest developments and make a determination about our future engagement with BRICS,» Baloch said. To a query, if Pakistan was ignored by the bloc, she said Pakistan followed BRICS' developments in its latest summit in South Africa and also noted its openness to inclusive multilateralism. «Pakistan is an ardent supporter of multilateralism and as a member of several multilateral organisations it has always played an important role in global peace and development,» she said. The spokesperson termed Pakistan as an important developing country that has made «important contributions to promote peace, solidarity and cooperation among countries of the South». «We shall continue our efforts at the international fora for fostering the spirit of international cooperation and revitalisation of inclusive multilateralism,» she said. BRICS initially composed of Brazil, Russia, India, China and South Africa has undertaken major expansion taking its members to eleven, making it more representative of the Global South. Reportedly several countries are queuing up to join the group but Pakistan may face a challenge due to the presence of India which enjoys

Narendra Modi. Afterwards, the B20 presidency will be handed over to Brazil on Sunday. Before the second day of the B20 summit begins at 10:00 am on Saturday, know about the full schedule of the day and the eminent panellists joining different sessions on Saturday.

India and China on Friday offered divergent views to characterise the conversation between Prime Minister Narendra Modi and President Xi Jinping in Johannesburg two days ago even as Beijing sought to downplay the eastern Ladakh border standoff saying the boundary question does not represent the «entirety» of the bilateral relations. In a readout on the conversation between the two leaders, the Chinese foreign ministry said President Xi Jinping conveyed to PM Modi that both sides should «bear in mind» the «overall interests» of the ties and «properly» handle the border issue. Hours after Beijing's statement on Modi-Xi conversation claimed it was held at the Indian side's request, Indian sources said there was a «pending request» from the Chinese side for a bilateral meeting, suggesting that New Delhi has not heeded to it. «The two leaders, however, had an informal conversation in the leaders' lounge during the BRICS summit,» one of the sources said. Modi and Xi held the conversation on Wednesday on the sidelines of the BRICS (Brazil, Russia, India, China, South Africa) summit in Johannesburg, amid continuing strain in bilateral ties in view of the lingering border standoff in eastern Ladakh. The conversation was not a structured bilateral meeting.

Academics are at odds over a research paper that suggests that ChatGPT presents a “significant and sizeable” political bias leaning towards the left side of the political spectrum.

Mastercard and Binance originally announced beta tests in Argentina just one year ago. The card allowed Binance users to convert cryptocurrencies into fiat currency in real-time at the point of purchase.

BRICS (Brazil, Russia, India, China, South Africa) summit in Johannesburg. The conversation was not a structured bilateral meeting and was an informal one.

Epic Games’ video game, the Fortnite Chapter 4 Season 4, has been known to users for a while now. Reports say that the official story and/or Battle Pass trailer will be revealed during the Fortnite downtime. But there are some teasers and leaks on social media.

Global payment giant Mastercard is reportedly ending its cryptocurrency card partnership with Binance crypto exchange next month, according to a Bloomberg report. The report didn't divulge the reason for the change, but implied it might be due to increased regulatory scrutiny of the beleaguered crypto exchange.

Narendra Modi on Thursday, who was on a three-day visit to South Africa to attend the 15th BRICS summit, presented special gifts to the organization's leaders including South African president Cyril Ramaphosa, First Lady of South Africa Tshepo Motsepe, and Brazilian president Luiz Inácio Lula da Silva. PM Modi gifted Bidri a pair of 'Surahi' from Telangana to South African President Cyril Ramaphosa. Bidrivase is a purely Indian innovation of 500-year-old Persian, exclusive to Bidar.

Meta is shutting down the Messenger Lite app, the lightweight stripped-down version of Messenger, on Android.Currently, users of the app are receiving a message that advises them to «use Messenger to keep chatting», reports TechCrunch. The app has already been removed from the Google Play Store for new users and will no longer be available after September 18 for existing users. «Starting August 21, people using the Messenger Lite app for Android will be directed to Messenger or FB Lite to send and receive messages on Messenger,» a Meta spokesperson told TechCrunch in an email. In 2016, Meta (then known as Facebook) had introduced Messenger Lite for Android for users with less-powerful Android devices, offering only the essential features of the instant messaging app to consume less storage space and processing power. Even thoughMeta released Messenger Lite for iOS, the company had discontinued it in 2020. According to mobile analytics firmdata.ai, the Lite versions of the app had combined downloads of around 760 million globally, with India holding the single largest portion, followed by Brazil and Indonesia. Meta recently announced that Messenger will drop SMS support next month. It had notified users that they «will no longer be able to use Messenger to send and receive SMS messages sent by your cellular network when you update your app after September 28, 2023». Earlier this week, Meta had announced its plans to release default end-to-end encryption on Messenger by the end of this year.

Brics is set to add heft to the grouping of emerging economies as it announced on Thursday the inclusion of six new members, including India's key partners in the Gulf and North Africa, a development that Prime Minister Narendra Modi described as a message that «all global institutions need to transform considering the changing times». South Africa's President Cyril Ramaphosa made the announcement at a joint press conference of the leaders of the current members — Brazil, Russia, India, China and South Africa — on the concluding day of the 15th Brics summit in Johannesburg. «We have decided to invite the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia and the United Arab Emirates to become full members of Brics from 1 January 2024,» said the joint declaration issued at the end of the 15th Brics summit. At the summit, the Brics leaders tasked their finance ministers and central bank governors, as appropriate, to consider the issue of local currencies, payment instruments and platforms, and report back to leaders by the next summit.Deep relations The group also decided to clear the path for further expansion. «We have also tasked our foreign ministers to further develop the Brics partner country model and a list of prospective partner countries and report by the next summit,» said the joint statement. Prime Minister Modi said at the joint press conference — in the presence of Ramaphosa, Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva — that the decision to expand the grouping will strengthen the belief of many countries in a multipolar world. The PM said the inclusion of new members will

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