Microsoft has announced a new initiative that will see more than 3 million Brazilian students getting trained in themes around artificial intelligence (AI).
During the Microsoft AI+Tour event in São Paulo, the firm’s chief executive Satya Nadella announced the pro-bono partnership with school networks SESI and SENAI to offer AI training in high school courses. During the announcement, Nadella pointed out that governments should accelerate the adoption of automation but create new capabilities at the same time.
By Angelica Mari via ZD Net
Gremi International SARL is an international holding, composed of a number of companies operating in Brazil, Luxembourg, Poland, United States and the Netherlands. Operations of the group are mostly focused on investments in two sectors: real estate (in Brazil and in Poland) and media (Poland).
The group was established in 1991 by a Polish entrepreneur, Grzegorz (Greg) Hajdarowicz. The first activity of the company was wholesale of pharmaceuticals. As the business grew, new activities were introduced. Over 27 years GREMI was involved in many equity investments in various projects, focusing on distressed companies, encompassing sectors such as real estate, media, dredging, furniture manufacturing, printing houses, chip card IT systems, heat pumps, hydraulics, financial services (factoring), film production and other.
Gremi International SARL – by developing business projects and establishing legal entities in Brazil, Luxembourg, Poland, the United States and the Netherlands – is consistently implementing strategy of becoming an internationally acting holding company.
The core of Gremi International SARL business expansion strategy is represented by Portuguese speaking countries and regions of which Brazil (in particular the Eco Estrela Project) is currently the first and most significant one.
Agribusiness continues to be strong and farmers’ capitalization in general is very good, says Pedro Estevão Bastos, president of the Chamber of Agricultural Machinery and Implements (CSMIA), of the Brazilian Association of Machinery and Equipment Industry (Abimaq), on the perspective of the 10% increase in sales in the segment in 2019.
However, Bastos warns that such variables as exchange rate, credit availability, crop productivity and the consequences of the China-US trade war, which influence soybean prices, may interfere with the performance of the agricultural sector this year. “We also need to know how the new government’s agricultural policies will be in order to have the best forecast in the market.”
Independent innovation network Onovolab is driving a multimillion-dollar expansion of its co-creation centers across Brazil while attracting a flurry of corporate clients interested in tapping into external hubs for new technology projects.
The initiative launched in the city of São Carlos (144 miles from São Paulo) just over a year ago to act as a broker between traditional businesses and ventures with high-growth potential as well as a thriving academic community: the city’s universities produce one PhD for every 180 people, while the national average is one doctor per 5,423 inhabitants. The idea is that organizations can benefit from that mix for their own co-innovation initiatives.
By Angelica Mari via Forbes
SAO PAULO, Feb 11 (Reuters) – Brazilian investment bank Banco BTG Pactual SA tapped a veteran BlackRock Inc portfolio manager as its new head of equity funds and said it plans to launch a new Latin America-focused fund.
Will Landers, who left BlackRock in January, will join BTG Pactual as a partner, starting March 18, replacing José Zitelmann, who it said is leaving “to pursue other professional projects.”
By Yahoo! Finance
Feb 12 (Reuters) - Most Latin American stock markets rose on Tuesday, buoyed by hopes of a U.S.-China trade deal as they more than recovered ground lost during the previous session, while resurgent risk appetite strengthened Latin American currencies against a softer dollar. U.S. President Donald Trump said he expects to meet Chinese President Xi Jinping to close a deal on trade at some point, while officials from both countries expressed hopes on Monday a new round of talks would help improve strained trade ties between the world's top two economies. By Aaron Saldanha via Reuters Read full article here
Changes in economic policy and trade relations should boost sales of Brazilian products abroad. Experts consulted by the Central Bank are betting that Brazil may reach almost US$ 300 billion in exports in the coming years. The estimate is in the Market Expectations System, which gathers daily forecast surveys of the Brazilian economy from about 130 banks, fund managers and other institutions. The numbers were released on February 1.
This year, foreign sales are expected to total US$ 249.05 billion, according to market forecasts. In 2023, the estimated value is US$ 295 billion. If predictions are confirmed, total growth in the period will be of 18.47%.
BRASILIA, Feb 12 (Reuters) – Inflation risks in Brazil have moderated and threats to domestic and global economic growth have intensified, minutes of the Brazilian central bank’s last policy meeting showed on Tuesday.
Policymakers also noted that risks associated with U.S. Federal Reserve policy tightening have diminished, according to minutes of the Feb. 5-6 meeting, where they unanimously agreed to keep the benchmark Selic rate unchanged at a record low 6.50 percent.
By Jamie McGeever via Nasdaq
Brazil’s economy minister has vowed to end years of failed state interventions as Latin America’s largest economy embarks on sweeping free-market reforms under President Jair Bolsonaro.
In a wide-ranging interview, Paulo Guedes, the former fund manager chosen by the rightwing president to rekindle the Brazilian economy after the worst recession in its history, said a pension overhaul would save R$1tn ($350bn) over 10 years and be approved “within five months”.
By John Paul Rathbone and Andres Schipani via Financial Times