brazil

Brazil has made a landmark move in the cannabis sector. In a pivotal decision, the Superior Court of Justice (STJ) ruled in favor of cultivating, processing and selling industrial hemp for medical and pharmaceutical uses. This ruling opens the door to significant new opportunities for both domestic...

Brazil's first Lady Rosangela da Silva reportedly swore at Tesla Inc CEO Elon Musk at an event in Rio de Janeiro on Saturday. What Happened: "F— you, Elon Musk," she said while talking about the need to regulate social media, Bloomberg reported. Musk responded to the snippet of the First...

Nu Holdings Ltd. (NYSE:NU) reported its third-quarter results after Wednesday's closing bell. Here's a look at the details from the report.  The Details: Nu Holdings reported quarterly earnings of 11 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in at $2....

Brazillian mining company Vale (NYSE:VALE) has estimated the fines and compensation costs related to the 2015 Samarco dam collapse at $30 billion.  After years of negotiations between the Brazilian federal and state governments and Vale, BHP (NYSE:BHP), and Samarco Mineração joint venture, the...

The U.K.'s High Court has ruled that Sibanye-Stillwater (NYSE:SBSW) must compensate London-based Appian Capital Advisory for terminating a $1.2 billion deal to acquire two mines in Brazil.  Appian, a private equity firm focused on mining, sued Sibanye after the South African mining company...

Tesla and SpaceX CEO Elon Musk’s social media platform, X, formerly Twitter, has been granted permission by Brazil’s Supreme Court to recommence its operations in the country. What Happened: On Tuesday, Brazil’s Supreme Court Justice Alexandre de Moraes confirmed that X...

Brazil’s Supreme Court has announced a delay in allowing X, owned by Elon Musk, to resume operations in the country due to a payment error. What Happened: The social media platform mistakenly paid $5 million in fines to the wrong bank, hindering its efforts to lift a suspension imposed in...

The Brazilian mining giant Vale SA (NYSE:VALE) announced its commitment to significantly boost copper production under its new CEO, Gustavo Pimenta. Pimenta, a former CFO who became CEO after a turbulent succession process, spoke to the media for the first time in his new role. He acknowledged that...

By Pablo Fazio The process of regulating cannabis has been complex and varied, with advances and setbacks occurring in different regions around the world. While much of the global attention is focused on the United States, where the rescheduling of cannabis dominates headlines, the situation in...

Tesla Inc. and SpaceX CEO Elon Musk’s social media platform X, formerly Twitter, is reportedly making efforts to re-establish its presence in Brazil. What Happened: X has appealed to Brazil’s Supreme Court to revoke a ban on the platform, asserting its compliance with orders...

While Tesla and SpaceX CEO Elon Musk’s legal and operational difficulties in Brazil are ongoing, Microsoft Corporation (NASDAQ:MSFT) has made progress in the country by pledging a $2.7 billion investment. What Happened: On Thursday, Wedbush analyst Dan Ives highlighted this news...

Brazil's Supreme Court has fined Elon Musk‘s social media platform nearly $1 million daily for allowing access to X, despite a ban. What Happened: The court accused Musk of switching X's network provider to partially restore access. This maneuver was seen as an attempt to bypass the ban...

Tesla and SpaceX CEO Elon Musk’s social media platform, X, formerly Twitter, had managed to temporarily bypass a ban in Brazil with the help of an automatic update of its software. What Happened: On Wednesday, the Brazilian Association of Internet and Telecommunications Providers, or ABRINT,...

Brazil's central bank will likely raise interest rates for the first time in two years due to a heated economy and an above-target inflation outlook. In contrast, the U.S. central banking system just cut rates by a half percentage point Wednesday afternoon. Brazilian policymakers led by Roberto...

Federal Communications Commission (FCC) Commissioner Brendan Carr said on Thursday that he wrote to Brazil telecom regulator Anatel’s President to address the ban on Elon Musk’s social media platform X and the freezing of Starlink assets. What Happened: The Brazilian government’s...