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Brazilian National Labor Conciliation Week 2025: Opportunity for Companies to Reduce Labor Disputes and Liabilities

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The 9th edition of the National Labor Conciliation Week will take place from May 26 to 30, 2025.

Promoted annually by the Labor Court, this event represents a strategic opportunity for Brazilian and foreign companies to reduce their labor liabilities in an agile and safe manner, through consensual agreements, promoting a more balanced and sustainable work environment.

Participating in National Labor Conciliation Week allows employers to resolve disputes more quickly, efficiently and less costly. In addition to avoiding the additional costs of lengthy legal disputes, conciliation provides financial predictability, strengthens corporate reputation and reduces legal and operational risks. To get the most out of this event, it is essential that companies take a strategic approach, reviewing their portfolio of processes and defining solid criteria for negotiations. The implementation of a structured agreement policy ensures that conciliatory practices are advantageous without encouraging new labor liabilities.

Artificial Intelligence (AI) has revolutionized the way companies manage their labor liabilities and plan their participation in conciliation events. With the use of advanced tools, it is possible to:

(i) Analyze legal trends: Studying the history of court decisions and agreements enables more strategic negotiations.

(ii) Conduct sector benchmarking: Compare competitors’ reconciliation standards to identify best market practices.

(iii) Anticipate labor risks: Identify critical points in processes and define criteria for assertive conciliatory proposals.

(iv) Optimize legal resources: Prioritize cases with greater viability of agreement, reducing operational costs.

Additionally, AI can assist in simulating agreement scenarios, predicting different outcomes based on historical data and procedural variables. This allows companies to test different strategies before the actual negotiation, increasing the assertiveness of proposals and improving success rates in conciliations. Companies that integrate AI into their legal strategies increase their efficiency in litigation management, increasing their competitiveness and legal security.

To participate in National Labor Conciliation Week 2025, companies can contact legal consultants or check the regional labor courts where they have ongoing processes. Expressing interest in advance is essential to ensure inclusion in the hearing agenda. Taking advantage of this initiative means not only reducing labor liabilities, but also improving risk management, consolidating the commitment to good governance practices and strengthening labor relations in Brazil.

Via Feijó Lopes Advogados

Brazilian fund raising $176 million for loans to small cocoa producers

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SAO PAULO, March 20 (Reuters) – Four Brazilian organizations on Thursday launched a fund aiming to raise 1 billion reais ($176 million) by 2030 for loans to small cocoa growers in the South American country to assist in expanding their operations.

The Kawa fund, launched by the philanthropic Arapyau Institute, investment platform Violet, advocacy group Taboa, and impact investor MOV Investments, will initially lend some 30 million reais to 1,200 small-scale producers in the states of Bahia and Para.

Traditionally, these producers have struggled to access credit for their operations or the know-how to improve productivity, Vinicius Ahmar, Arapyau Institute’s bio-economy manager, told Reuters on the sidelines of the World Cocoa Foundation’s meeting in Sao Paulo on Wednesday.

“Most of the production is in the hands of small producers and producers on small holdings … in which they are unable to invest and they do not have access to technical assistance,” Ahmar said.

The fund’s launch comes at a critical time for the industry, as top producers Ivory Coast and Ghana have suffered crop losses due to adverse weather, bean disease, smuggling and reduced plantations in favor of illegal gold mining, sending cocoa prices upward.

Brazil’s cocoa production also fell nearly 20% last year and 2025 is shaping up to be “challenging,” the head of the Brazilian Association of Cocoa Processing Industries, Anna Paula Losi, told Reuters separately at the event.

The Kawa fund will give cocoa farmers three years to pay back the loans, with an average six-month grace period, according to a statement announcing the new fund. The loans – typically used to buy fertilizer, irrigation and equipment – will charge 12% interest per year.
In Brazil, 85% of cocoa producers are on the margins of the country’s financial system and struggle to access loans, the statement said, citing the country’s Agriculture Ministry.

With some 80% of Brazil’s cocoa production coming from small-scale farmers, the combination leads to low income and low productivity, the statement said.

The loans are exclusively intended for producers using agroforestry methods, the statement said, adding this will encourage forest conservation and regeneration.

($1 = 5.6486 Brazilian reais)

Reporting by Oliver Griffin; Editing by Sandra Maler and David Evans via Reuters

Important Update: Visa Requirement to Enter Brazil / Exigência de Visto para Entrada no Brasil

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The Brazilian government will reinstate visa requirements for Australian, Canadian and U.S. passport holders arriving on or after 10 April 2025. An electronic visa (e-Visa) option will be available.

However, if you already possess a valid physical visa and passport for your intended purpose of travel, you do not need to apply for a new e-Visa. This requirement also applies to diplomatic and special passport holders, who will need either an e-Visa or a physical visa to enter Brazil. We encourage our customers to visit brazil.vfsevisa.com for more information.

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O Governo do Brasil restabelecerá a exigência de visto para portadores de passaporte da Austrália, Canadá e Estados Unidos, para todas as chegadas programadas em ou após 10 de abril de 2025. Existe a opção de visto eletrônico, mas se você tem passaporte e visto físico válidos para o propósito da sua visita, você não precisa solicitar um novo e-Visa. Para passaportes diplomáticos ou especiais, você ainda precisa de um e-Visa ou visto físico para entrar no Brasil. Recomendamos que consultem todos os detalhes em brazil.vfsevisa.com.

Via United Airlines

Meet our New Member Integration

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Integration is a strategy & management consultancy committed to realizing the change that our clients need. The solutions we create together with our clients work because they are adapted to each specific reality, actionable and people centric.

Founded in 1995, Integration has grown quickly to become an internationally recognized and award-winning consultancy firm operating from offices in Buenos Aires, Chicago, London, Mexico City, Munich, Santiago and São Paulo. To date, our teams have delivered thousands of projects for clients across virtually all industries in over 85 countries.

We believe in the power of uniting technical knowledge with practical know-how.

  • Integrating client partnerships: We respect the fact that our clients know their business best. We do not presume to know more than they do on this point. In fact, we truly rely on them to guide our approach, providing us with an understanding of their reality, culture, operations and goals.

  • Integrating teams: We challenge client teams with our deep functional expertise, best-practice references and external perspective. Our trained professionals utilize our method to create buy-in, movement and deliver tangible results.

  • Integrating subject-matter and industry experts: We consult with both internal and external subject-matter and industry experts to shape our deliveries. They help us calibrate what is possible along with the best way to implement for success given current trends, best-practices and market dynamics.

What we do:

  • Foundational Strategy:

    • Business model & value proposition

    • Supply chain & footprint strategy

    • Culture & leadership

    • Organizational strategy

  • Growth:

    • Market entry strategy

    • Category growth, innovation & portfolio

    • Sales & distribution (Go-to-market)

    • Pricing & revenue management

  • M&A:

    • Inorganic strategy & target screening

    • Operational & commercial due diligence

    • Post-merger integration plan & execution

    • Divestiture plan & execution

  • Efficiency:

    • Customer service and satisfaction

    • Sales & operations planning

    • Sourcing & procurement

    • Operational efficiency and resilience

    • G&A efficiency

We work side by side with our clients to create customized solutions that match their business needs for change across all levels of the organization – always integrating our expertise with the client’s reality.

For more information, please visit Integration Consulting – A global strategy consultancy – Integration Consulting 

Global Business Leaders to Gather in NYC for DLA Piper Event on Cross-Border Transactions

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New York, NY – On May 29, 2025, industry leaders, policymakers, and professionals from across the Americas and beyond will convene at The Whitby Hotel for an exclusive discussion on cross-border transactions and global business opportunities. Hosted by one of our esteemed Chamber Members, DLA Piper, this high-profile event will provide key insights into emerging trends, challenges, and strategies shaping international markets.

The evening will kick off with an opening cocktail reception, followed by a fireside chat featuring Ambassador P. Michael McKinley (Ret.), Senior Counselor at The Cohen Group, alongside Francisco Cerezo, Chair of the US-Latin America practice at DLA Piper, who will serve as the moderator. Additional speakers will be announced as the event approaches.

Attendees will also have the opportunity to network with influential professionals while enjoying a cocktail reception and tapas, fostering meaningful connections within the international business community.

This exclusive event promises to be a must-attend for those involved in global commerce, investment, and policy-making, providing invaluable perspectives on cross-border dynamics.

Date: May 29, 2025
Time: 6-9 PM ET
Location: The Whitby Hotel, New York City
Registration: http://spr.ly/60430uxNH

Via DLA Piper

[Art> Trip Mestre Didi & Beatriz Milhazes

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Art in Brackets is conducting an art-focused program to explore the works of Mestre Didi and Beatriz Milhazes

At El Museo del Barrio, the program will focus on the exhibition, Mestre Didi: Spiritual Form, which includes a monographic exhibition of the Afro-Brazilian sculptor, showcasing some of his works alongside pieces by his peers and contemporary artists, curated by Rodrigo Moura, Ayrson Heráclito, and Chloë Courtney.

At the Guggenheim Museum, the program will highlight Beatriz Milhazes: Rigor & Beauty, which presents her vibrant abstract paintings created through her innovative “monotransfer” technique, blending geometric abstraction, floral patterns, and cultural references. This exhibition is curated by Geaninne Gutiérrez-Guimarães.

For more information, please contact: Fernanda Mazzuco and Lu Solano (hello@artinbrackets.com)

About Art in Brackets: Art in Brackets is an art Consultancy and Advisory firm that articulates ideas for a global community of international artists, galleries and collectors, interlacing them within the creative fabric of NYC, and mediating collaborations between the art markets of the Americas. Learn more at www.artinbrackets.com

Inter lança campanha nos EUA para reforçar conexão emocional de brasileiros no exterior

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O Inter estreia nos Estados Unidos a campanha “Qual o valor da distância?”, uma micro série documental que apresenta histórias reais de brasileiros que vivem no país e utilizam o Inter para enviar dinheiro ao Brasil. Filmada em Orlando, FL—onde vivem cerca de 500 mil brasileiros na região da Flórida Central—, a produção, voltada para redes sociais e YouTube, retrata desde pilotos de avião que moram nos EUA até imigrantes que apoiam suas famílias diante de desafios como as recentes enchentes no Rio Grande do Sul.

A iniciativa reforça o Inter como um elo entre expatriados e suas raízes, indo além dos serviços financeiros. Orlando, que abriga o Inter nos EUA e consolidou o banco como a principal instituição financeira dos brasileiros no país, também é sede do Inter&Co Stadium, com naming rights a patrocínio aos times Orlando City e do Orlando Pride, equipe de Marta.

A campanha terá duas temporadas, com episódios gravados em Orlando e Massachusetts, dois dos principais polos da imigração brasileira nos EUA. A criação é liderada por Kaio Philipe, Chief Business and Marketing Officer do Inter nos EUA, e dirigida por Caio Leska, ex-Publicis e Soko.

O lançamento acontece em um momento estratégico para o Inter, que nesta mesma semana anunciou sua chegada à Argentina com o lançamento da Global Account.

Com quase 300 mil clientes nos EUA desde a aquisição da Usend em 2020, o Inter reforça seu compromisso com a comunidade brasileira global. A ação convida o público a compartilhar suas próprias histórias pelas redes sociais do Inter no exterior @inter.co, mostrando que cada envio de dinheiro carrega mais do que números—traz um pedaço de quem está longe.

Assista o vídeo aqui!

Via Inter&Co

CSN sees room for Brazil to negotiate steel quotas with US

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SAO PAULO, March 13 (Reuters) – Brazilian steelmaker CSN (CSNA3.SA) sees room for Brazil to negotiate a quota mechanism with the United States in the coming months, an executive said on Thursday, after U.S. President Donald Trump put tariffs on steel and aluminum imports.

Brazil, one of the largest sources of U.S. steel imports, has decided to seek dialogue with the Trump administration and not immediately retaliate against what it called “unjustifiable” tariffs.

Trump’s 25% duties on all steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade in favor of the U.S. and drawing swift retaliation from Canada and Europe. “From what we’ve been hearing, I believe that in the next two months it is possible for a negotiation like the one we had in 2018 to be opened. Perhaps a quota system,” CSN’s commercial head Luis Fernando Martinez told analysts on an earnings call.

Trump, who took office in January for his second term, first targeted steel and aluminum for tariffs in 2018, but later granted several countries exemptions and struck duty-free quota deals for Brazil based on pre-tariff volumes.

The South American country had previously suggested quotas as a “smart mechanism.” Martinez noted the U.S. remains a net importer of several steel products, including plates and sheets.

Read the full article

Via Reuters

Exhibition of Afro-Brazilian Sculptor Mestre Didi Opens This Thursday in New York City

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Organized by El Museo del Barrio, Mestre Didi: Spiritual Form is a landmark monographic exhibition exploring the work of the late Afro-Brazilian sculptor, writer, cultural advocate and spiritual leader Mestre Didi (Salvador, 1917-2013). As the first major U.S. museum exhibition of Didi’s work in 25 years, the survey unites over 30 of his sculptures and offers a rare view of his far-reaching spiritual and artistic legacy.

Over the course of his career, from the 1960s until the 2010s, Mestre Didi was a visionary emissary for Candomblé. He was perhaps the first artist to reimagine Candomblé ritual objects as artworks in their own right.

El Museo’s exhibition will foreground Mestre Didi’s spiritually evocative and formally imaginative sculptures and present new interpretations of his symbolic repertoire. His distinctive artworks combine the traditional materials, shapes, and symbols of the orishas, the Candomblé deities, to create a modern sculptural language.

ABOUT THE ARTIST

Mestre Didi, born as Deoscóredes Maximiliano dos Santos, was closely involved in the Candomblé religious society Ilê Axé Opô Afonjá from a young age, where he spent decades making traditional ritual objects. Around 1962, he began to create sculptures and pursue exhibition opportunities, with early shows at Galeria Ralf (Salvador), Galeria Bonino (Rio de Janeiro), and the Museu de Arte Moderna, Salvador. After receiving a fellowship from UNESCO to conduct fieldwork in West Africa in 1967, Didi and the anthropologist Juana Elbein dos Santos, his wife, organized the exhibition Afro-Brazilian Art, which was presented in Lagos, Accra, Dakar, Paris, London, and Buenos Aires between 1968 and 1974 and included Didi’s work. Since the 1980s Didi has been included in landmark exhibitions such as A Mão Afro-Brasileira [The Afro-Brazilian Hand] at the Museu de Arte de São Paulo (MASP) in 1988; Art in Latin America at the Hayward Gallery, London, in 1989; Magiciens de la Terre [Magicians of the Earth], Centre Pompidou, Paris, in 1989; the 23rd International Biennial of São Paulo, in 1996, with a solo presentation; and Afro-Atlantic Histories, MASP, in 2018. His works are included in public and private collections internationally, including at El Museo del Barrio, Museum of Fine Arts Boston, Dallas Museum of Art, Museu de Arte de São Paulo, Museu Afro Brasil, and Museu de Arte Moderna do Rio de Janeiro.

Mestre Didi: Spiritual Form | March 13 – July 13, 2025

Hours: El Museo del Barrio’s galleries are open Thursdays through Sundays from 11:00 AM to 5:00 PM

Venue Details: El Museo del Barrio – 1230 5th Avenue, New York, New York 10029

Learn more about the exhibition

Buy tickets

Via El Museo del Barrio

POY Fellows Launch radio.edu: A Bilingual Newsletter Bridging Education and Workforce Development

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The Brazilian-American Chamber of Commerce is proud to share the launching of [radioedu.beehiiv.com]radio.edu, a bilingual monthly newsletter dedicated to bridging the gap between education and workforce development discussions in Brazil and the United States.
 
[radioedu.beehiiv.com]radio.edu is the brainchild of Renata Barão Leal, 2022 Person of the Year Fellow, and Maria Thereza Rios Hortencio, 2023 Person of the Year Fellow, both Stanford University graduates. The project is the result of their master’s research on career and technical education and the proposals they submitted for their Person of the Year Fellowships. Renata and Maria Thereza explored the intersection between education and work and identified the need for stronger connections between Brazil and the United States in this space. [radioedu.beehiiv.com]radio.edu continues this dialogue by sharing insights with broader audiences in both countries.

Click here to view an overview of [radioedu.beehiiv.com]radio.edu.  To subscribe to the monthly newsletter, please visit radioedu.behiiv.com – or for more information, e-mail radio.edu.news@gmail.com.

De volta para o futuro: qual o papel das hidrelétricas no novo cenário energético

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Modernização e repotenciação de usinas podem garantir mais flexibilidade e segurança ao sistema elétrico, mas exigem avanços regulatórios

No Brasil, a geração hidrelétrica praticamente coincide com o desenvolvimento dos sistemas elétricos por Thomas Edison, George Westinghouse e Nikola Tesla.  Hoje, o Brasil possui uma capacidade hidrelétrica de cerca de 108 gigawatts (GW). Esta tecnologia é conhecida pela maturidade e longa vida útil de estruturas, especialmente barragens. No entanto, assim como um carro com 20 anos de uso não tem o mesmo desempenho de um veículo novo, há uma queda no rendimento das usinas com o tempo.

O tempo também traz a inovação tecnológica e a mudança da dinâmica do setor elétrico, que representam relevante oportunidade de melhoria dos aproveitamentos hidrelétricos. Investimentos podem garantir vida útil adicional de muitas décadas, mantendo elevada qualidade de operação dessas usinas.

Esses investimentos podem ter diferentes objetivos:

  1. Reabilitação ou retrofit, com foco na recuperação do desempenho original;
  2. Repotenciação, visando o aumento da capacidade e eficiência;
  3. Modernização, via implantação de novas tecnologias que reduzem custos operacionais e aumentam a confiabilidade;
  4. Ampliação, com adição de novas unidades geradoras;
  5. Uma nova abordagem, também conhecida como “reavaliação de propósito” ou “reaproveitamento” dos ativos, é otimizar os equipamentos para os requisitos mais demandados atualmente, como capacidade, flexibilidade e compensação de reativos.

Em 2019, a Empresa de Pesquisa Energética (EPE), órgão responsável pelo planejamento energético brasileiro, mapeou o potencial das usinas que podem receber esses investimentos, identificando 51 usinas, totalizando 50 GW de capacidade.

Este potencial passa a ser ainda mais interessante no atual cenário de expansão do Sistema Interligado Nacional (SIN), em que a demanda de energia tem sido atendida de forma diversa, com destaque para eólicas e solares fotovoltaicas.

Com o aumento da participação destas fontes, cuja produção de energia não é controlável, o sistema passa a demandar mais recursos gerenciáveis e confiáveis, capazes de prover serviços como capacidade de ponta e flexibilidade operacional. Como as hidrelétricas são os provedores naturais destes serviços, os investimentos em hidrelétricas existentes capazes de ampliar a capacidade produtiva se apresentam como uma excelente solução em condições altamente competitivas.

No entanto, o setor elétrico ainda carece de mecanismos que viabilizem tais investimentos, uma vez que o preço horário da energia ainda não sinaliza adequadamente essas necessidades. Além disso, os atuais mecanismos de remuneração de outros serviços não oferecem sinais econômicos suficientes para viabilizar esses investimentos.

Iniciativas que permitam que usinas hidrelétricas existentes participem do próximo leilão de reserva de capacidade (LRCAP 2025) estão indo na direção certa, ao reconhecer a importância desse recurso. No entanto, ainda são necessários novos avanços, como não restringir a participação apenas a unidades adicionais, criando um regulamento que permita que usinas existentes sejam remuneradas por investimentos que aumentem sua flexibilidade e capacidade.

Por Thiago César via exame

Meet our New Member BNP Paribas

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BNP Paribas has been officially operating in Brazil since 1996. In 2010, with the launch of the Securities Services division, the Brazilian unit became the Group’s operation with the most business lines in Latin America, establishing itself as one of the largest operations in emerging markets. Today, the Group operates in Brazil across Corporate & Institutional Banking, Consumer Credit, Asset Management, Insurance (Cardif), and Fleet Management (Arval).

The BNP Paribas Group currently employs around 1,400 people in Brazil. It is one of the largest international investment banks in the country by total assets (BRL 112.5 billion, June 2023, Prudential Conglomerate, Central Bank), offering a diverse range of products and multiple solutions to its clients. BNP Paribas stands out for its financial leadership in Europe and its global reach. Today, the Group operates in 64 countries, offering a wide range of services aimed at creating synergies between businesses and meeting the local and international needs of clients worldwide.

Learn more at BNP Paribas

Travel smarter with the United℠ app / Viaje com mais praticidade com o app United℠

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Have an even more convenient travel experience with the United℠ app. Easily access your boarding passes, check in online, track your luggage, and pre-select your meals onboard. All of this and much more, right at your fingertips. Download now and enjoy!

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Tenha uma experiência de viagem ainda mais prática com o aplicativo United℠. Acesse facilmente seus cartões de embarque, realize o check-in online, acompanhe suas bagagens e selecione suas refeições a bordo com antecedência. Tudo isso e muito mais, direto na palma da sua mão. Baixe agora e aproveite!

      

Via United Airlines

Brazil’s Nathalia dos Reis Monteiro Secures FIS World Championship Spot on Road to Milano-Cortina 2026

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New York, NY, USA – The Country of Brazil has a surprise entry in the International Ski & Snowboard Federation’s (FIS) St. Moritz Engadin 2025 FIS Snowboard, Freestyle, Freeski World Championships, as Nathalia dos Reis Monteiro stunned the snowboard alpine world by earning enough points to qualify. She participated in recent FIS North American Cup (NorAm) events located in Canada and the United States of America.

The St. Moritz Engadin 2025 World Championships are being held from 17-30 March in Switzerland, where Nathalia will represent her country of Brazil.

Last week, Nathalia competed in two women’s parallel giant slalom NorAm Cup events held at Val Saint-Côme, Quebec, in Canada.  On Wednesday, 19 February, she finished in sixth place and earned 64.00 FIS points.  The following day, she finished in seventh place and earned an additional 57.60 FIS points.  Earlier this week, on Tuesday, 25 February, she competed in a NorAm Cup race located in Holiday Valley, NY and earned 25.60 FIS points.  Her combined points placed at 140 in the FIS world ranking system.

The Brazilian Confederation of Snow Sports (CBDN) welcomed Nathalia to the team earlier this week.   Their St. Moritz Engadin 2025 World Championships team will include three other snowboard athletes.  The brothers Augustinho and Joao Teixeira, ages 19 and 17 respectively, will compete in the Park & Pipe competitions.  Their disciplines include men’s slopestyle and the men’s halfpipe.  Noah Bethonico, age 21, will compete in the snowboard cross disciplines.  Nathalia will race in the Women’s parallel giant slalom event being held on 20 March.  She will be coached by David Hirschberg.

Nathalia’s goal is to participate in the Milano-Cortina 2026 Winter Olympic Games and to represent her country of Brazil on the world stage.  The funding necessary for her to train at world-class venues, to procure the best equipment and to compete at the international level is costly.  BrazilSnow, a nonprofit organization, was formed to raise the funds that are necessary for Nathalia to have a sustainable path towards meeting her objectives.  Contributions can be made here.

 

About BrazilSnow

BrazilSnow is a nonprofit 501(c)(3) organization formed in the State of New York.  It is a collaborative effort created by citizens of Brazil and the United States.  Its mission is to seek charitable contributions from corporations and private donors to support the training of elite Brazilian winter athletes so they may have the opportunity to compete in the Olympics and Paralympics.  BrazilSnow utilizes training facilities in North America and South America that are centers of excellence for snowboarders and can provide elite training for winter athletes to become Olympians and Paralympians.  BrazilSnow is a member of the Brazilian American Chamber of Commerce located in New York City, NY, USA.

Learn more about Nathalia’s journey

Click here to contribute

 

Contact
Thomas Dresdner
Executive Director
1.973.920.0831
thomas@brazilsnow.org

Brazil’s ‘I’m Still Here’ wins best international feature at the Oscars

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The Brazilian drama I’m Still Here has won the Academy Award for best international feature, a first for the South American country.

The film is based on a true story set in 1970s Rio de Janeiro, when Brazil was living under a military dictatorship.

Actress Fernanda Torres was also nominated for an Oscar for her leading role as Eunice Paiva. Her husband, Rubens Paiva, had been a congressman before the U.S.-backed coup d’etat in 1964. After he was abducted by military operatives in 1971 and never returned, Paiva was left to care for their five children as she sought justice for her husband. As a lawyer and activist, she helped indigenous people in the Amazon too.

“This goes to a woman who, after a loss suffered during an authoritarian regime, decided not to bend and to resist,” director Walter Salles said while accepting the award on Sunday. “Her name is Eunice Paiva.”

Read the full article

By Mandalit del Barco via NPR

Dona do iFood adquire Just Eat Takeaway por US$ 4,3 bilhões

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Acordo visa fortalecer presença da Prosus na Europa e impulsionar crescimento da Just Eat Takeaway.com com inovação e inteligência artificial

A Prosus NV, dona do iFood, anunciou um acordo para adquirir a Just Eat Takeaway.com NV por 4,1 bilhões de euros (US$ 4,3 bilhões), consolidando sua presença no setor de entrega de alimentos na Europa.

A transação será realizada totalmente em dinheiro, com uma oferta de 20,30 euros por ação, representando um prêmio de 49% sobre a média ponderada pelo volume de três meses da empresa. A notícia impulsionou as ações da Just Eat Takeaway.com, que subiram 56%, enquanto as da Prosus recuaram 8,2%.

A compra da Just Eat Takeaway.com faz parte da estratégia do CEO da Prosus, Fabricio Bloisi, de ampliar o portfólio global da empresa e acelerar seu crescimento no setor de delivery. A Prosus já investe em diversas plataformas do segmento, incluindo:

  • iFood (Brasil) – controle total da operação;
  • Delivery Hero (Alemanha) – participação de 28%;
  • Swiggy (Índia) – participação de 25%.

Segundo Bloisi, em comunicado à imprensa, a Prosus dispõe de US$ 18 bilhões em caixa, com potencial para investir até US$ 11 bilhões em novas aquisições. No momento, porém, o foco será concluir essa transação e acelerar o crescimento.

“Acreditamos que, ao unir nossa expertise tecnológica com a força da Just Eat Takeaway.com na Europa, podemos criar mais valor para clientes, motoristas e parceiros”, afirmou Bloisi.

IA como diferencial competitivo

A Prosus planeja impulsionar a Just Eat Takeaway.com aplicando inteligência artificial para aprimorar a experiência do usuário, otimizar a logística e melhorar o suporte a restaurantes e motoristas.

A experiência de Bloisi no iFood, onde utilizou IA para personalizar recomendações e automatizar processos, servirá como referência para transformar a Just Eat Takeaway.com.

“A implementação de IA no iFood revolucionou a operação e fez dele a marca de delivery mais popular do Brasil. Acreditamos que há grandes oportunidades para aplicar essa tecnologia na Just Eat Takeaway.com e melhorar o serviço para clientes e motoristas”, destacou Bloisi.

Detalhes da transação

  • Valor da oferta: 20,30 euros por ação (4,1 bilhões de euros no total);
  • Prêmio de 49% sobre a média ponderada de três meses;
  • Apoio unânime do Conselho de Administração da Just Eat Takeaway.com;
  • Transação financiada integralmente pela Prosus;
  • Expectativa de conclusão até o final de 2025, sujeita a aprovações regulatórias.

O CEO da Just Eat Takeaway.com, Jitse Groen, afirmou que o apoio da Prosus permitirá expandir para novas áreas, como entrega de mantimentos e fintechs.

Read the full article

Via exame.com

Meet our New Member London Stock Exchange Group

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LSEG is one of the world’s leading providers of financial markets infrastructure and delivers financial data, analytics, news and index products to more than 40,000 customers in over 170 countries.

We help organisations fund innovation, manage risk and create jobs by partnering with customers at every point in the trade lifecycle: from informing their pre-trade decisions and executing trades to raising capital, clearing and optimisation.

Backed by more than three centuries of experience, innovative technologies and a team of 25,000 people in over 60 countries, we are driving financial stability, empowering economies and enabling you to grow sustainably.

Learn more at LSEG

Latham & Watkins Elects 19 New Partners

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Promotions from counsel include accomplished practitioners advising clients across transactional, litigation, and regulatory matters

Latham & Watkins LLP is pleased to announce that 19 counsel have been elected to the partnership, effective March 1. The counsel promotions follow the previously announced election of 24 associates to the partnership, effective January 1, 2025.

“We are thrilled to congratulate our newest partners, whose impressive experience, industry expertise, and legal skills exemplify our commitment to client service, excellence, and teamwork. I am proud of their accomplishments, and their leadership and dedication strengthen our firm, helping us build on our success,” said Rich Trobman, Chair and Managing Partner of Latham & Watkins.

Santiago Bejarano (New York) is a member of the International Arbitration Practice, Latin America Practice, and Litigation & Trial Department. He represents clients in complex international commercial and investor-state arbitrations worldwide, under both civil and common law legal systems. He earned his LLM from New York University in 2014 and his LLB from Universidad del Rosario in 2011.

Marcela Ruenes (New York) is a member of the Banking Practice, Latin America Practice, and Finance Department. She represents financial institutions, alternative financing providers, corporate borrowers and private equity funds on complex US and cross-border finance transactions, including private credit and syndicated debt transactions. She earned her LLM at Columbia Law School in 2013 and her Degree in Law at Universidad Iberoamericana in 2009.

ABOUT LATHAM & WATKINS

Latham & Watkins delivers innovative solutions to complex legal and business challenges around the world. From a global platform, our lawyers advise clients on market-shaping transactions, high-stakes litigation and trials, and sophisticated regulatory matters. Latham is one of the world’s largest providers of pro bono services, steadfastly supports initiatives designed to advance diversity within the firm and the legal profession, and is committed to exploring and promoting environmental sustainability.

Click here to see the full list of elected partners

Via Latham & Watkins

 

By the numbers: Breaking down the global soybean trade

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CHICAGO, Feb 18 (Reuters) – A discussion about global soybean exports cannot proceed without mention of Brazil or the United States, because together they fuel 85% of total shipments each year.

Likewise, “China” and “imports” are often synonymous in global soybean trade because the country accounts for more than 60% of annual imports.

But what about the other customers? Who takes in the other 40% of soy cargoes, and how have these trends changed in recent years, especially with respect to each supplier?

This conversation has been pulled to the forefront of the market as the United States has threatened tariffs on many of its trade partners, who are contemplating measures of their own. This includes both Mexico and European Union countries, top destinations for U.S. farm goods.
At the same time, Brazil’s ballooning soybean crop has been increasingly able to supply global needs, slowly chipping away at U.S. soy exporters’ relevance.

QUICK CHINA RECAP

China significantly reduced its reliance on U.S. soybeans during the first trade war in 2018, though that was largely possible at the time because of widespread disease throughout its hog herd, which significantly dented feed demand.

But for U.S. exporters, the pre-trade war levels were never restored, and U.S. soy shipments to China over the last three calendar years have fallen 12% from the 2015-2017 average. China increased its imports by 13% during that time.

Also during this time, Brazil expanded its soy exports to China by 51%, less than the 61% rise in the country’s total shipments. By comparison, U.S. soy exports to all destinations declined 2% in the same period as the focus on domestic demand increased.

On average over the last three years, about 72% of Brazil’s soy exports headed to China, compared with 76% between 2015-2017. This huge dependence on a single customer is perhaps the biggest vulnerability of Brazil’s export program.

About 53% of U.S. soy exports were destined for China over the last three calendar years compared with a three-year, pre-trade-war average of 59%.

Total Brazilian soy exports are nearly 80% larger by volume than their U.S. counterparts, but both countries over the last three years exported similar volumes to destinations other than China and the EU. This relatively greater diversity among the United States’ customers might be its only present advantage over Brazil’s booming business.

The future of U.S. soy exports could become less worrisome if domestic demand were to escalate in a manner implied by the aggressive biofuel mandates floated a few years ago.

But those plans, much like the tariff discussions, are in a holding pattern for now. This means that if the upcoming U.S. soy crop is not sufficiently large, next season’s shipments could be squeezed further.

Karen Braun is a market analyst for Reuters. Views expressed above are her own.

Read the full article

By Karen Braun via Reuters

Meet our New Member Vella Pugliese Buosi e Guidoni Advogados

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Vella Pugliese Buosi e Guidoni Advogados is the most global and innovative law firm in Brazil. A full-service law firm associated with the largest law firm in the world and with infrastructure and team, capable of offering integrated legal solutions, in all areas of business law, anywhere in the world, in a personalized and innovative way.

Learn more at Vella Pugliese Buosi Guidoni – Home

Sherwin-Williams to Acquire BASF’s Brazilian Architectural Paints Business for $1.15 Billion in All-Cash Transaction

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The Sherwin-Williams Company (NYSE: SHW) today announced it has entered into a definitive agreement with BASF Group (ISIN: DE000BASF111) to acquire BASF’s Brazilian architectural paints business (“Suvinil”) for $1.15 billion in an all-cash transaction.

The business is a leading provider of architectural paints in Brazil and had sales of approximately $525 million for the year ended December 31, 2024. The business develops, manufactures and sells a comprehensive portfolio of innovative products under the well-known Suvinil and Glasu! brand names to professional painters, designers, architects, general contractors and consumers across the country. The company employs approximately 1,000 employees and operates two production facilities strategically located in the Northeast and Southeast regions of Brazil.

“Suvinil is a premier provider of architectural paints in Brazil and will accelerate our commitment to provide industry-leading solutions for our customers while delivering profitable above-market growth in the region,” said Heidi G. Petz, Sherwin-Williams Chair, President and Chief Executive Officer. “For more than 60 years, Suvinil has been synonymous with innovation and quality. The business is highly complementary to Sherwin-Williams in Latin America, as the Suvinil brand is well-known and highly-trusted by purchasing influencers and specifiers across the value chain. We are excited to capitalize on the strengths of both companies to further enhance value for customers. Upon the close of the transaction, we are confident that Sherwin-Williams growth mindset and continuous improvement disciplines will enable us to achieve meaningful sales acceleration and cost synergies which we expect will expand Suvinil’s EBITDA margin, excluding one-time integration expenses. We have tremendous respect for the expertise and dedication of the Suvinil team, and we are excited about the opportunities that this combination will provide to customers and employees.”

Sherwin-Williams intends to finance the transaction through a combination of cash on hand, liquidity available under existing facilities and new debt. The purchase price represents a low teens EBITDA multiple following anticipated post transaction synergies net of one-time costs. The transaction is expected to close during the second half of 2025 and is subject to customary closing conditions, including Brazilian regulatory approval. Upon close, Suvinil will become part of the Sherwin-Williams Consumer Brands Group with a joint focus on a seamless experience for customers and opportunities for employees.

ABOUT THE SHERWIN-WILLIAMS COMPANY

Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson’s® WaterSeal®, Cabot® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,000 Company-operated stores and branches, while the Company’s other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW). For more information, visit www.sherwin.com.

Read the full article

Via PR Newswire

Instituto Dara Presents Stacey Kent & Danilo Caymmi: A Tribute to Tom Jobim

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Stacey Kent & Danilo Caymmi in A Tribute to Tom Jobim – A Benefit Concert

Join us for a breathtaking evening as internationally renowned jazz singer Stacey Kent and Brazilian music legend Danilo Caymmi pay tribute to the incomparable Tom Jobim!

Celebrate the 30th anniversary of Jobim’s legacy with an unforgettable Benefit Concert at The Town Hall in New York City on Saturday, April 12, 2025, at 7 PM. Let the timeless melodies of Garota de Ipanema, Águas de Março, and Desafinado transport you to the heart of Brazilian music.

This special event is part of The Art of Brazil, a cultural series presented by Instituto Dara to combat poverty through art and philanthropy. By merging Brazilian culture with social impact, Instituto Dara continues its mission of empowering vulnerable families with sustainable solutions. Don’t miss the opportunity to be part of this transformative evening!

*Brazilian Chamber Members receive 10% off when purchasing with the code. Reach out to us – contact@brazilcham.com. 

Tickets are on sale now on Ticketmaster!

  • Date & Time: Saturday, April 12, 2025, at 7pm
  • Location: The Town Hall, 123 West 43rd Street (Between 6th Ave and Broadway), New York, NY 10036

About Instituto Dara

Instituto Dara is a highly regarded civil society organization in Brazil that is steadfast in its mission to eradicate poverty and empower vulnerable families. The organization operates with a pioneering and holistic approach to social transformation, tailoring its efforts to address the multifaceted nature of poverty. By restructuring the lives of families from public schools, public hospitals, and Social Assistance Reference Centers (CRAS), Instituto Dara has become a beacon of hope for countless individuals and communities.

Recognizing that poverty is a multidimensional issue, Instituto Dara believes that social transformation can only be achieved when all aspects of human development are addressed simultaneously and cohesively. This philosophy led to the development of its innovative Family Action Plan (PAF). This methodology is a personalized and adaptive strategy that meets the unique needs of each family. The PAF focuses on a range of interconnected areas such as health, education, housing, citizenship, and income generation. By implementing this methodology, Instituto Dara equips families with the tools and resources necessary to achieve self-sustenance and break free from the cycle of poverty.

For more than three decades, Instituto Dara has demonstrated remarkable success in its endeavors, transforming the lives of over 100,000 people. By focusing on the holistic development of individuals and families, the organization has fostered sustainable social change, enabling its beneficiaries to regain dignity, autonomy, and a sense of purpose. Instituto Dara’s impact has not only improved the lives of the families it serves but has also strengthened the communities in which these families live, creating a ripple effect of progress and equity.

In addition to its groundbreaking work in poverty alleviation, Instituto Dara is launching an exciting initiative titled The Art of Brazil. This cultural series serves as a dynamic platform that merges art, culture, and philanthropy. Designed to celebrate the Institute’s legacy and inspire action, the series seeks to create new opportunities to combat poverty while showcasing the richness of Brazil’s cultural heritage. This initiative is perfectly aligned with Instituto Dara’s mission to promote health, well-being, and social equity for vulnerable communities.

Learn more about the event by clicking here.

BofA Receives Top Rankings in Digital, Corporate Banking and Cash Management from Crisil Coalition Greenwich

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NEW YORK, NY / LONDON / SINGAPORE – Bank of America’s commitment to digital innovation that enhances client experiences has been recognized by Crisil Coalition Greenwich in its 2024 Digital Transformation Benchmarking Study in which the bank received numerous No. 1 rankings. CashPro is the company’s digital banking platform accessed by more than 40,000 corporate and commercial clients around the world to manage their treasury, trade and credit operations and perform self-service requests.

The company was also named Best Bank in several Corporate Banking, Cash Management and Capital Markets categories in the 2025 Crisil Coalition Greenwich Awards.

Commenting on the Digital Transformation Benchmarking Study, Tom Durkin, Global Product Head of CashPro in Global Payments Solutions at Bank of America said, “These top rankings reflect our single-minded focus on working to deliver the best possible experience for our clients – whether that’s enabling them to do more on their mobile device, enhancing connectivity through our network of TMS and ERP providers, or providing them with leading insights from their own data. We continue to innovate and strive to exceed our clients’ expectations.”

Crisil Coalition Greenwich is a leading provider of strategic benchmarking, analytics and data intelligence to the financial services and investment industries. They specialize in providing unique, high-value and actionable information to help banks make better business decisions.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

Read the full article and the highlights of Bank of America’s rankings

Via Bank of America

Abiove Eleva Previsão de Exportação de Farelo de Soja do Brasil Nesta Safra

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Previsão é de 23,6 milhões de toneladas neste ano, acima das 22,9 milhões de toneladas previstas em janeiro

O Brasil vai processar mais soja do que o esperado neste ano, com impulso de uma maior exportação de farelo e óleo de soja, apontou nesta quarta-feira (12) levantamento mensal da Abiove (Associação Brasileira das Indústrias de Óleos Vegetais).

O processamento de soja no país foi previsto em 57,5 milhões de toneladas em 2025, 400 mil toneladas acima da previsão de janeiro, segundo a associação que reúne tradings e processadoras.

A entidade ainda manteve a estimativa de colheita de soja do país neste ano em recorde de 171,7 milhões de toneladas.

Já a exportação brasileira de farelo de soja foi prevista em 23,6 milhões de toneladas neste ano, acima das 22,9 milhões de toneladas previstas em janeiro.

A exportação de óleo de soja do Brasil foi estimada em 1,1 milhão de toneladas, leve alta na comparação com a previsão de janeiro (1,05 milhão).

A Abiove, por outro lado, manteve a estimativa de exportação de soja em grão em um recorde de 106,1 milhões de toneladas.

A safra, que está sendo colhida, deverá ter um crescimento de 11,86% na comparação com a temporada anterior, atingida por problemas climáticos, segundo dados da associação.

Já a exportação do grão aumentaria mais de 7%. O processamento, por sua vez, cresceria 3,8%, de acordo com dados da Abiove.

Com um maior processamento e previsão de safra estável, a Abiove reduziu a projeção de estoques finais de soja do Brasil em 2025 para 8,96 milhões de toneladas, 800 mil toneladas abaixo da projeção de janeiro, levando também em conta um ajuste nos estoques iniciais deste ano.

Via Forbes Brasil

 

Jones Day announces leadership appointments for Antitrust, Litigation, Latin America, Brussels, Houston, and San Diego

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The Firm announces the following Practice and Office leadership changes, effective January 1, 2025:

  • Alexandre Verheyden—Co-Leader, Antitrust & Competition Law Practice
  • Steve Geise—Co-Leader, Business & Tort Litigation Practice
  • Artur Badra—Chair of Latin America Practice
  • Sébastien Champagne—Partner-in-Charge, Brussels Office
  • Nicole Perry—Partner-in-Charge, Houston Office
  • Shireen Matthews—Partner-in-Charge, San Diego Office

Artur Badra—Chair of Latin America Practice

Artur Badra, based in Jones Day’s São Paulo Office, brings over 20 years of experience in coordinating corporate legal strategies for global clients across Latin America, as well as Latin American companies in their global businesses. In his new role as Chair of the Firm’s Latin America Practice, he will work closely with Luis Riesgo, Partner-in-Charge of the region, to strengthen the Firm’s integrated approach to the increasingly complex, multijurisdictional challenges faced by clients operating in the region.

Fluent in English, Spanish, and Portuguese, Mr. Badra was born and raised in São Paulo. He earned his LLM from Instituto de Empresa in Madrid after studying at Holy Cross College in Brazil. Mr. Badra joined Jones Day in Madrid in 2007 and moved to São Paulo in 2011 to assist with the opening of the Firm’s office there. He regularly leads the Latin American aspects of global M&A transactions, coordinating teams across multiple offices and collaborating with local counsel. He also advises major Latin American companies on their international operations.

Learn the full article

Via Legal Desire

Brasil quer propor Diversidade de Raça e Gênero como Critério para Investimento Sustentável na COP30

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Ministério da Fazenda argumenta que a harmonização global desses padrões é viável, apesar de possíveis ventos políticos contrários

O Brasil pretende propor na cúpula climática COP30 que os países incluam a diversidade de raça e gênero como um critério internacional para classificar investimentos sustentáveis, disse uma autoridade do Ministério da Fazenda à Reuters, argumentando que a harmonização global desses padrões é viável, apesar de possíveis ventos políticos contrários.

Em entrevista, a subsecretária de Desenvolvimento Econômico Sustentável da Fazenda, Cristina Reis, disse que a estratégia de transformação ecológica do Brasil não muda em nada com o retorno à presidência dos Estados Unidos de Donald Trump — um crítico de políticas de diversidade e defensor de ações de desenvolvimento que colocam de lado a pauta de proteção ambiental.

“Esse alinhamento internacional… sofre derrotas locais, no tempo e no espaço, mas tem um direcionamento comum que eu acho que continua porque a gente tem um problema objetivo que compromete a vida, que é a mudança climática”, disse.

Enquanto se prepara para sediar a COP30 em Belém, em novembro, o governo brasileiro coleta subsídios em uma consulta pública aberta até março para desenvolver sua taxonomia nacional, um sistema para classificar setores, projetos e ativos sustentáveis com a finalidade de mobilizar investimentos.

Plataforma de Investimentos

Após lançar em 2024 uma plataforma para alavancar investimentos estrangeiros verdes, Reis afirmou que o governo vai implementar neste mês uma nova iniciativa para acelerar a triagem de projetos estratégicos. A plataforma já em funcionamento visa selecionar projetos estruturados em áreas de transformação ecológica e atuar ativamente na busca por investidores internacionais e mecanismos de financiamento. O novo projeto prevê uma parceria entre Fazenda, Comissão Econômica para a América Latina e o Caribe (Cepal) e o chamado Conselhão (Conselho de Desenvolvimento Econômico Social Sustentável) para turbinar a plataforma. Segundo ela, uma equipe foi contratada para se debruçar sobre projetos voltados à transformação ecológica, além de mapear as barreiras para que eles saiam do papel e propor soluções. O projeto vai vigorar por um ano, mas o plano do governo é chegar à COP30 com o material pronto para que um portfólio mais robusto de potenciais investimentos no Brasil seja apresentado aos participantes da cúpula, disse Reis.

Leia a reportagem completa

Via Forbes Brasil

João Carlos Martins’ Grand Farewell: A Historic Evening at Carnegie Hall on May 9, 2025

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João Carlos Martins, Conductor and Piano NOVUS

Renowned Brazilian pianist and conductor João Carlos Martins, celebrated as a leading Bach interpreter of the 20th century, returns to Stern Auditorium/Perelman Stage for his farewell concert at Carnegie Hall on May 9, 2025.

Performers

  • João Carlos Martins, Conductor and Piano
    NOVUS
  • Edson Beltrami, Conductor

Program

  • J. S. BACH Orchestral Suite No. 3
  • VILLA-LOBOS Prelúdio from Bachianas brasileiras No. 4
  • VILLA-LOBOS Fuga from Bachianas brasileiras No. 7
  • JOBIM “Luíza”
  • JOBIM “Eu Sei Que Vou Te Amar”
  • JOBIM “Insensatez”
  • PIAZZOLLA Libertango
  • PIAZZOLLA Adiós Nonino
  • JOHN WILLIAMS Theme from Schindler’s List
  • JOHN WILLIAMS “Flying Theme” from E.T.
  • MORRICONE “Playing Love”
  • MORRICONE “Gabriel’s Oboe”
  • MORRICONE “Cinema Paradiso”

Secure your tickets by clicking here.

Friday, May 9, 2025 7:30 PM
Stern Auditorium / Perelman Stage at Carnegie Hall
Student Discount Tickets Available at the Box Office
For additional information on ticket availability, or assistance with your order, please contact CarnegieCharge at 212-247-7800.

*Photo by Fernando Mucci

Brazil’s jobless rate hits lowest yearly average ever in 2024

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SAO PAULO, Jan 31 (Reuters) – Brazil’s jobless rate came in slightly above market expectations in the final quarter of 2024 but reached its lowest yearly average for the current data series after the labor market showed continued resilience throughout last year.

Unemployment in Latin America’s largest economy hit 6.2% in the three months through December, statistics agency IBGE said on Friday, up from 6.1% in the previous rolling quarter and above the 6.1% expected in a Reuters poll of economists.

The average unemployment rate in 2024, however, was 6.6%, the lowest level since the beginning of the data series in 2012.

Brazil’s jobless rate has been hovering around historically low levels for the past few quarters, an indicator cheered by the government but that has contributed to the central bank hiking interest rates.

“In our view, the job market will remain heated and Brazil is expected to maintain an unemployment rate close to 6% at the end of this year and the next – a very low level by our historical standards,” C6 Bank economist Claudia Moreno said.

The strong job market with high wages has supported economic growth, fueling the consumption of goods and services, but triggered inflationary concerns as consumer prices remain above the central bank’s 3% target.

On Wednesday, the monetary authority raised interest rates by 100 basis points to 13.25% and kept its guidance for another hike of that size in March, leaving the door open for subsequent moves.

Despite the slightly higher-than-expected jobless rate in the fourth quarter, adding to separate data that on Thursday showed that Brazil created fewer formal jobs than forecast in December, the bank’s stance should not change in the short term.

Read the full article

Reporting Camila Moreira; Writing by Isabel Teles; Editing by Gabriel Araujo and Louise Heavens via Reuters

Iris Trade is Now ISO Certified!

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We are thrilled to share an important milestone in our continuous journey toward excellence. Iris Trade & Iris Naturals Intl have officially obtained the ISO 9001:2015 certification.

This achievement reflects our commitment for the past 23 years to delivering products and services that meet the highest quality standards, ensuring consistent value for our partners.

Thank you for your continued support, and we look forward to reaching even greater heights together!

Learn more at Iris Trade

 

Corporate; Governance | Profit Distribution of Brazilian Companies: 3 Points of Attention for Controlling Shareholders

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Profit distribution is an essential step to align the interests of partners and ensure the financial sustainability of a Brazilian limited liability company.

However, carrying it out without proper organization can generate conflicts, harm cash flow and even jeopardize the fiscal health of the business.

Organizing this process becomes a strategic pillar for sustainable growth and, mainly, for corporate harmony. We highlight 3 essential steps in this process in Brazilian companies, taking into consideration the legal limitations existing in Brazil:

1. Provision in the Articles of Association: the general form of distribution of dividends in a limited liability company in Brazil must be included in the articles of association, especially in cases where there is the possibility of disproportionate distribution of profits, in order to meet the legal requirements for validity.

2. Shareholders’ Agreement: instrument that allows regulating the form of distribution, including establishing conditions, obligations and goals so that profits can be distributed according to each partner’s contribution to the company, and not just reflecting the percentage of participation. Issues such as minimum cash and reserve for investments may also be the subject of the shareholders’ agreement.

3. Periodic Shareholders’ Meeting: essential for the governance of the profit distribution process, as it is not only the appropriate instrument for organizing distribution among the shareholders, based on an assessment of the requirements set out in the shareholders’ agreement, but also the most appropriate tool in Brazil for paying the shareholders the amount distributed, eliminating the possibility of future disputes.

Having a well-defined procedure aligned with corporate governance practices is essential for safe and efficient profit distribution. In addition to ensuring legal compliance, this approach strengthens trust among the shareholders, minimizing the risk of internal disputes.

An organized process reflects the maturity of management, ensuring that decisions are made in a transparent, fair and strategic manner, allowing the distributed profits to drive both the individual development of the shareholders and the continued growth of the company.

By Fernanda Ferla via Feijó Lopes Advogados

BB é o banco mais sustentável do planeta pela 6ª vez

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Instituição ocupa o 17° lugar na posição geral

Pela 6ª vez o Banco do Brasil foi reconhecido como o Banco mais sustentável do planeta, no ranking das 100 Corporações Mais Sustentáveis do Mundo 2025 – Global 100, da Corporate Knights, e em 17° lugar na posição geral. As 100 empresas líderes em sustentabilidade foram divulgadas nesta quarta-feira, 22, durante jantar executivo organizado pela Corporate Knights em Davos, na Suíça, no contexto do Fórum Econômico Mundial.

Fatores como o resultado financeiro, o volume da carteira de crédito sustentável, a compensação de emissões de carbono, o uso de energia limpa, as práticas de governança e a diversidade do corpo funcional contribuíram para que o BB alcançasse a posição 17 no ranking geral e se mantivesse como líder entre os bancos por seis vezes na última década.

A presidenta do BB, Tarciana Medeiros, reforça que a sustentabilidade está incorporada à Estratégia Corporativa do Banco do Brasil e que tem desdobramentos na gestão dos negócios e riscos. “Nossas ações fazem a diferença no cotidiano do nosso país e do mundo. Só para ter uma ideia, já contabilizamos R$ 1,7 bilhão em saldo de financiamentos voltados para a bioeconomia na região da Amazônia legal. Isso representa um crescimento de 55% em um ano. Isso nos proporciona mudar a vida das pessoas em aspectos sociais e ambientais. Trabalhamos por um futuro mais diverso, inclusivo e verde para todos e esse caminho nos leva a sermos reconhecidos o Banco mais sustentável do planeta”.

Desde 2005, a Global 100 tem sido uma das classificações de sustentabilidade mais valorizadas do mundo, e nesta edição, foram avaliadas 8.359 empresas de capital aberto com receita bruta mínima de US$ 1 bilhão, por meio da combinação de 15 indicadores de desempenho, entre os quais: receitas sustentáveis, produtividade energética, impostos pagos, produtividade de carbono e diversidade racial e de gênero.

Como atuamos enquanto Banco mais sustentável do planeta?

Desde nossa fundação, somos uma empresa com forte papel na construção e no desenvolvimento econômico e social do país. Seguimos as melhores práticas de gestão e governança, aderindo a compromissos nacionais e internacionais de incentivo ao crescimento sustentável e apoiando a execução de políticas públicas e promovendo negócios de relevância para a sociedade.

Alinhada aos Objetivos de Desenvolvimento Sustentável (ODS) da ONU, a Agenda 30 BB atende ao chamado internacional para a construção de um mundo direcionado por gestão adequada dos recursos naturais, respeito aos direitos humanos e geração de valor para os diversos públicos de relacionamento.

O BB exerce papel transformador por meio da oferta de crédito consciente e se destaca pelo volume da sua carteira de crédito sustentável que alcançou aproximadamente R$ 370 bilhões de saldo, em setembro de 2024. Esse montante foi contratado em linhas de crédito com elevada adicionalidade ambiental ou social, ou para financiar atividades e/ou segmentos que tenham impactos sociais e ambientais positivos, como energias renováveis, eficiência energética, construção, transportes e turismo sustentáveis, água, pesca, silvicultura, agricultura sustentável, gestão de resíduos, educação, saúde e setores de desenvolvimento local e regional.

Leia a reportagem na íntegra

Via Banco do Brasil

Meet our New Member Group Dot BR

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Group Dot BR’s mission is to present the “calor” and diversity of Brazilian culture through the performing arts. By using avant-garde, physical, choreographic, and contemporary theatre as tools, Group Dot BR engages a multicultural community with a forward-thinking approach to its “presencial” and online programs. As the longest-operating Brazilian theatre company in New York, it supports artists by creating a bridge for exchange beyond borders and holds up Portuguese as a heritage language.

Learn more at Group .BR

Missão da ONU confere preparativos para COP 30, em Belém

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Secretaria das Nações Unidas para a Mudança do Clima é responsável pelas negociações para a realização da conferência, em novembro de 2025

Uma missão oficial da delegação da ONU iniciou nesta segunda-feira (20), em Belém, uma visita para discutir os preparativos para a COP30 (Conferência das Nações Unidas sobre Mudança do Clima).

Os especialistas internacionais são acompanhados por técnicos dos governos do Brasil, do estado e municipal, em reuniões de campo para conhecer a infraestrutura hoteleira, planos de logística de transportes, segurança pública e saúde pública.

A Secretaria das Nações Unidas para a Mudança do Clima (UNFCCC, da sigla em inglês) é responsável pelas negociações para a realização das Conferências.

A secretária-executiva adjunta, Noura Hamladji, destacou que o evento é um grande desafio político e diplomático para enfrentar a crise climática.

“Não somos uma missão de avaliação, somos uma missão que tem um objetivo bem claro: tornar a COP em Belém um sucesso. Estamos muito positivamente impressionados com as apresentações que vimos e com a preparação antecipada do Brasil”, afirmou Hamladji.

O secretário extraordinário para a COP30, Valter Correia, apresentou os números e frentes de trabalho que estão sendo encaminhadas pelo Governo Federal na construção do local do evento, na saúde, nos transportes, em acomodações e na segurança.

“Estamos trabalhando incessantemente para entregar uma COP que tenha todas as condições de garantir o sucesso das negociações globais sobre o clima”, afirmou.

Igor Normando, prefeito de Belém, reconheceu os desafios sociais da cidade que, segundo eles, são comuns aos grandes centros brasileiros e não reduzem o potencial da capital paraense para realizar o evento.

Para o prefeito, a COP Amazônia é a oportunidade para enfrentar preconceitos contra a região Norte brasileira. Ele destacou ainda que o governo local está empenhado em projetos de infraestrutura necessários.

COP30 na Amazônia

A COP30 (Conferência das Nações Unidas sobre o Clima) ocorre de 10 a 20 de novembro, em Belém do Pará.

Entre as ações em andamento, está a melhoria do setor de turismo da cidade para a hospedagem das 50 mil pessoas esperadas para o evento.

As ações devem criar mais 26 mil novas habitações para receber as pessoas credenciadas para a COP30 durante os 10 dias de debates.

As visitas técnicas são uma rotina em todas as COPs e acontecem várias vezes ao longo do ano e em todos os países que recebem a Conferência.

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Via G1

“Já é um sucesso”, celebra executivo sobre a Inter&Co Soccer Week nos EUA

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Kaio Philipe, CMO da Inter&Co, exalta a realização da FC Series para o torcedor brasileiro que vive no exterior; evento contará com clássico entre Atlético-MG e Cruzeiro

Em janeiro de 2025, Atlético-MG, Cruzeiro e São Paulo estarão nos Estados Unidos realizando a pré-temporada na FC Series, dando início ao Inter&Co Soccer Week.

O torneio, sucessor da Florida Cup, é uma oportunidade para as equipes brasileiras expandirem suas marcas além do cenário nacional. E para o torcedor que vive em outro país, uma chance de ouro para acompanhar seu time do coração.

Entre os parceiros da FC Series está a Inter&Co, companhia controladora do Banco Inter. Em entrevista para CNN Esportes, Kaio Philipe, CMO da empresa, detalhou a presença de brasileiros nos EUA para exaltar o sucesso de público que o evento prevê.

“Existem brasileiros espalhados nos Estados Unidos inteiro. Sem contar filhos, netos, que também têm a nossa cultura, comem pão de queijo e assistem futebol. Considerando três gerações, você tem, eu diria, quase 5 milhões de acordo com dados que algumas embaixadas estimam. Eles estão em Massachusetts, Flórida, Califórnia e Texas, mas todos os estados americanos têm brasileiros”, declarou o executivo.

“Para um brasileiro, ter um evento que ele vai poder ter experiência de primeiro nível, de primeiro mundo, com a mesma emoção do futebol do Brasil em solo americano, com segurança, praticidade, conveniência, eu acho que é o que fez a nossa pré-venda pelo banco explodir de vendas. Tem esse público que eu acho muito interessante”, prosseguiu.

Kaio Philipe aproveitou para reforçar a oportunidade que o FC Series dará aos torcedores que vivem no exterior. Segundo ele, existe uma grande demanda de brasileiros ávidos em acompanhar in loco as grandes equipes.

“Tem essa demanda de brasileiros viajando para Orlando em janeiro que é surreal. Férias escolares, etc… Então a gente entende que o evento já é um sucesso e estamos muito felizes em realizá-lo.”

Inter&Co Stadium sede da FC Series

Uma das sedes da FC Series será o Inter&Co Stadium, casa do Orlando Pride, da NWSL, e do Orlando City, da MLS. A controladora do Banco Inter garantiu os naming rights da arena em janeiro deste ano, reforçando seu compromisso com a comunidade esportiva.

“O Inter tem uma história no futebol muito bacana. Lá atrás o Inter ficou muito grande por conta do patrocínio do São Paulo. Ajudou a gente a crescer na década passada, então os executivos e acionistas do banco entendem de futebol. Para a gente, patrocinar futebol não é uma coisa desbravadora, a gente sabe como fazer, faz bem e consegue atrelar o negócio com entretenimento como ninguém”, celebra Kaio Philipe.

Sobre a FC Series

Atlético-MG, Cruzeiro e São Paulo se juntam ao Orlando City para abrir a temporada 2025 na Inter&Co Soccer Week da FC Series, antiga Florida Cup. O torneio vai ocorrer na cidade de Orlando (EUA).

O evento conta também com o grande clássico mineiro entre Galo e Raposa. O duelo acontece no sábado (18), no Inter&Co Stadium.

Leia a reportagem completa

Via CNN Brasil

Especial: Mercado de M&As no Brasil abre 2025 com chance de negócios bilionários

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São Paulo e Nova York, 03/01/2025 – O ano de 2025 começa com a expectativa de ao menos quatro grandes negócios de fusões e aquisições (M&As, na sigla em inglês) no Brasil, na casa dos bilhões de reais: a venda da Medley pela Sanofi; a da Suvinil pela Basf; a da Linx pela Stone; e a da operação brasileira do grupo suíço Julius Baer. Transações desse nível animam bancos de investimento a preverem que o este ano terá mais operações de M&As do que em 2024 e 2023, mas ainda não repetindo o salto de 2021, quando a pandemia estimulou uma série de negócios.

No ano passado, foram anunciadas 1.426 transações de M&As no Brasil, o que representa crescimento de 1,86% na comparação com 2023, segundo dados da consultoria Kroll, obtidos com exclusividade pelo Broadcast. O País liderou as atividades de fusões e aquisições na América Latina, respondendo por 63% das transações. Por sua vez, a região contribuiu com 5% dos negócios globais, que totalizaram cerca de 44 mil operações.

Mesmo com o estresse que marcou o fim de 2024, com juros e dólar disparando e Bolsa em queda, a visão é que há espaço para avanço nas operações nos próximos meses. Além dos negócios acima, há apostas em operações em setores como infraestrutura, fintechs e saúde, que podem movimentar outros bilhões, a preços com prêmio em relação aos comparáveis na tela da B3, na visão de banqueiros da Faria Lima.

O diretor de Global Banking para Brasil do UBS, Anderson Brito, conta que o banco já tem 10 operações de M&A engatilhadas para assinar, o que sinaliza que os ruídos econômicos não estão tendo por enquanto tanta interferência nos negócios. “Esperamos transações em setores nos quais há crescimento do Brasil contratado”, disse ele, citando áreas como seguros, infraestrutura, transição energética e fintechs. O dólar acima de R$ 6,00 pode ser um bom ponto de entrada, ressalta o executivo, sobretudo para estrangeiros.

Além dos negócios locais, o responsável pela área de fusões e aquisições do Santander Brasil, Thiago Rocha, vê um crescente número de grandes empresas brasileiras buscando aquisições no exterior, em uma tentativa de ganhar novos mercados, e também ter exposição a moeda forte. Já os fundos de private equity, que compram participações em empresas, podem participar de negócios importantes em 2024. Nomes como Vinci e Pátria estão entre as gestoras mais ativas nos últimos meses. Mas o clima nas gestoras ainda é de cautela, o que deve aumentar a seletividade. Em 2024, investidores financeiros, como esses fundos, estiveram presentes em apenas 36,5% das transações, segundo a Kroll.

“Os fundos têm capital para alocar. Os bancos têm começado a mostrar coisas”, afirma a presidente da ABVCAP, associação que reúne as gestoras destes fundos, Priscila Rodrigues. A questão é que com a Selic em patamares mais altos a cautela e seletividade aumentam. “Quem tem dinheiro para investir, vai definir termos e condições, escolher bem, vai encontrar menor competição para o mesmo ativo”, afirma.

O chefe para Brasil e América Latina da Kroll, Alexandre Pierantoni, está mais cauteloso e avalia que, apesar da expansão em 2024, o setor de M&As no Brasil pode amargar queda no número de transações neste ano. Pesam, sobretudo, incertezas fiscais no País e uma antecipação das eleições presidenciais de 2026. “Devemos ter uma redução do volume de atividade de M&A depois de recordes alcançados nos últimos anos”, prevê Pierantoni, em entrevista ao Broadcast.

O diretor da Kroll demonstra ainda preocupação com uma menor presença do estrangeiro, que tem reduzido o apetite pelo País em meio às incertezas, e alguns grupos de fora têm até deixado o Brasil. No ano passado, a participação desses investidores nas fusões e aquisições foi de 17,7%, patamar muito inferior ao histórico, que chegava a 35%, de acordo com a Kroll. Já os domésticos tiveram uma posição dominante, marcando presença em 82,3% das transações anunciadas no País em 2024.

“Há um interesse mais oportunista, essa é a palavra do momento”, diz o advogado Carlos Lobo, sócio do escritório Arnold & Porter, baseado em Nova York.

Rocha, do Santander, vê tendência maior em M&As de negócios envolvendo fundos soberanos, dedicados a situações especiais ou gestoras de fortunas de famílias, por terem apostas de longo prazo sem tanto envolvimento na gestão das empresas. “Eles conseguem oferecer cheques relevantes sem tanta demanda de governança como os private equities”, afirma o executivo. Para estes, o executivo prevê participação nos negócios, mas também com maior seletividade. “Eles precisam enxergar tese de crescimento mais sólida, não gostam dos casos que estão segurando a faca que está caindo.”

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Por Altamiro Silva Júnior (altamiro.junior@estadao.com), Cynthia Decloedt (cynthia.decloedt@estadao.com) e Aline Bronzati (aline.bronzati@estadao.com), correspondente via Broadcast Estadão

Regulatory framework for artificial intelligence passes in Brazil’s Senate

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Bill establishes governance measures, upholds the rights of affected individuals and groups, and classifies high-risk and excessive-risk AI systems

On December 10, 2024, the Brazilian Senate approved Bill No. 2,338/2023 to establish a national regulatory framework covering the development, use, and governance of AI systems in Brazil. The text reflects a commitment to the centrality of the human person, responsible innovation, AI market competitiveness, and the implementation of safe and reliable systems. Having passed in the Brazilian Senate, the current version of the Bill still requires further analysis in the House of Representatives and presidential assent before it can be signed into law and take effect.

The main topics of the Brazilian Senate approved version of the Bill are outlined below:

Rights of affected individuals or groups

The regulatory framework defines a set of rights designed to protect individuals or groups affected by AI systems, such as:

  • The right to clear, accessible information about the use of AI in their interactions with such systems;
  • The right to request reviews of automated decisions by humans in certain circumstances;
  • The right to non-discrimination (illicit or abusive), as well as the right to have direct or indirect discriminatory bias corrected.

Risk categorization

The Bill classifies AI systems based on their degree of risk, which is based on a preliminary assessment by AI agents – system developers, distributors, and application developers that operate within and work with AI system value chains and internal governance.

AI systems can be classified into two categories:

  • Excessive risk systems
  • High-risk systems

Responsible governance

Bill No. 2,338/2023 establishes rules to ensure responsible governance in relation to AI systems, requiring all agents to ensure the systems are safe and they allow affected individuals or groups to exercise their rights.

These rules extend to all AI agents, with specific responsibilities for system developers, distributors, and application developers. Such governance measures may include preparing documentation on safety tests, controlling bias, the degree of human supervision required, and transparency measures.

The Bill also encourages self-regulation and the creation of additional governance rules through codes of good practice and collaboration among AI agents.

Copyright

The Bill reinforces the need for AI agents to comply with Brazil’s Copyright Law (Law No. 9,610/1998). It establishes specific obligations for those agents who use works protected by this law, such as ensuring the right of copyright holders to opt out of the use of their works, as well as related rights regarding the use of their works within AI systems.

Civil liability

The Bill also provides for the use of two distinct civil liability frameworks. Civil liability arising from damages caused by AI systems within consumer relations remains subject to the liability rules in the Consumer Protection Code (Law No. 8,078/1990). Meanwhile, civil liability stemming from damages caused by AI systems that are exploited, employed, or used by AI agents outside the context of consumer relations remains subject to the liability rules in the Civil Code (Law No. 10,406/2002).

For more information on this topic, please contact Mattos Filho’s Technology practice area.

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Via Mattos Filho

Exportações do Agronegócio Ultrapassam US$ 153 Bilhões em 2024

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Os setores que impulsionaram esse desempenho foram o da soja, carnes e sucroalcooleiro

As exportações do agronegócio brasileiro totalizaram US$ 152,63 bilhões (R$ 928,3 bilhões na cotação atual) de janeiro a novembro de 2024, representando 48,9% do total dos embarques brasileiros no período. Este foi o segundo melhor desempenho já registrado na série histórica. A redução de 5,2% no índice de preços internacionais foi parcialmente compensada pelo aumento de 5,2% no volume exportado.

Os principais setores responsáveis por esse desempenho foram o complexo soja (US$ 52,19 bilhões ou R$317,4), carnes (US$ 23,93 bilhões ou R$ 145,5 bilhões) e o complexo sucroalcooleiro (US$ 18,27 bilhões ou R$ 111,1), que juntos responderam por mais de 60% do total exportado. Apesar de uma redução de 18,7%, o complexo soja manteve sua posição de destaque, enquanto carnes e açúcar registraram crescimentos significativos, impulsionados por recordes de embarques e diversificação de mercados.

Dentre os produtos exportados, o café solúvel se destaca, com um acumulado de US$ 792 milhões (R$ 4,8 bilhão) no período. Outro produto que chamou a atenção foi o óleo essencial de laranja, com mais de US$ 365 milhões (R$ 2,2 bilhões) em exportações até novembro de 2024. Esses resultados mostram como o agronegócio brasileiro vem ampliando horizontes, levando ao mundo uma variedade de produtos de alto valor agregado e reafirmando sua força em mercados cada vez mais diversificados.

Importações em alta

As importações de produtos agropecuários totalizaram US$ 1,54 bilhão (R$ 9,1 bilhões) em novembro de 2024, um aumento de 14,4% em relação ao mesmo período do ano anterior. Entre os principais itens importados estão trigo, com US$ 102,16 milhões (R$ 621 milhões),  e salmões, US$ 76,05 milhões (456 milhões).

Expectativas futuras

De acordo com Luís Rua, secretário de Comércio e Relações Internacionais, os resultados da diversificação de mercados e produtos começam a aparecer de forma concreta na balança comercial. “Os produtos menos tradicionais da pauta exportadora incrementaram 7,2% em relação ao mesmo período do ano anterior. Com as boas perspectivas de safra para 2025, a continuidade das aberturas de novos mercados, a maturação comercial das aberturas já realizadas e a intensificação das ações de promoção comercial com uma série de novos instrumentos, esperamos ainda mais avanços qualitativos e quantitativos nas exportações do agronegócio brasileiro”, destacou em nota à imprensa.

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Via Forbes Brasil

Exame adquire escola de negócios Saint Paul e expande seu braço educacional

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O grupo Exame, controlado pelo BTG Pactual, está investindo tempo e dinheiro na ampliação de seu braço educacional, o Exame Educação. Para isso, a empresa anunciou, nesta segunda-feira, 9 de dezembro, a aquisição da escola de negócios Saint Paul, que tem 22 anos de experiência na formação de executivos e C-Levels.

Com a compra, a Exame, que já havia trazido para o seu portfólio a Witseed, focada em ensino B2B, e a IPD Digital, porta de entrada da companhia para o ensino superior, espera fortalecer o portfólio de cursos oferecidos.

Com a aquisição, que não teve seu valor revelado, a empresa espera atingir R$ 500 milhões de faturamento nos próximos três anos. Para alcançar esse objetivo, José Cláudio Securato, fundador e principal acionista da Saint Paul, passará a ocupar a cadeira de CEO da Educação Exame, que engloba as marcas Faculdade EXAME, EXAME Corporate Education, Saint Paul e LIT.

“Queremos fazer parte da vida das pessoas ao longo de suas carreiras, colocando na prática a premissa de lifelong learning”, diz Securato. “Juntos, nós conseguimos atender o interesse de um estagiário, que quer trabalhar com negócios, e, ao mesmo tempo, atingir o CEO de uma grande organização, que também está nessa jornada eterna de aprendizado.”

A partir da combinação, os 20 mil alunos ativos na plataforma da Exame, que conta com 12 cursos de extensão e quatro MBAs, se conectam aos mais de 400 cursos oferecidos pela Saint Paul e sua equipe de 500 professores, mestres e doutores. Desde 2002, a escola de negócios já formou mais de 500 mil alunos.

Atualmente, são 15 mil alunos ativos na escola de negócios, que é referência as cursos para C-level e conselho, no programa de IA, além do MBA Executivo em Liderança e MBA Executivo em Finanças. Apenas a plataforma online da Saint Paul conta com 300 cursos.

No segmento B2B, a escola de negócios atende clientes como Raízen, Ipiranga, Totvs, Bradesco, Weg, Edenred, Fleury, Odontoprev, GPA e B3.

“Essa nova fase na Exame é marcada pela premissa de informar e formar os novos líderes do futuro e é nisso que estamos investindo”, diz Pedro Valente, CEO da Exame.

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By Viral Tech Via Neofeed

Brazil records lowest poverty levels in over a decade

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Social programs and job market improvements contribute to success

By Lucianne Carneiro e Alessandra Saraiva — Do Rio

The year 2023 marked a significant decline in poverty and extreme poverty in Brazil, reaching the lowest levels recorded since 2012, according to data from the Brazilian Institute of Geography and Statistics (IBGE). For the first time since 2012, the proportion of people living in poverty fell below 30%, reaching 27.4% of the population. Meanwhile, those in extreme poverty accounted for 4.4% of Brazilians, a figure that had never dropped below 5% before. The new IBGE report reveals a 14.7% decrease in poverty and a 24.6% drop in extreme poverty.

Experts have described this reduction between 2022 and 2023 as pronounced, significant, and substantial. They attribute this trend to the vibrant job market, social programs like Bolsa Família and the Continuous Cash Benefit (BPC), and the real increase in the minimum wage.

Researchers on the subject believe poverty will continue to decrease in 2024, but caution that much work remains. Despite the reduction in poverty, increased income, and social programs, a significant number of Brazilians remain impoverished, and income inequality persists in the country.

“There is an improvement in the quality of life. This is the positive side, and it is not insignificant. Yet, various marks of inequality remain in income, access to work, education, and health. The inequality indices are very high,” said Francisco Menezes, a policy advisor at ActionAid.

In 2023, 8.7 million people, equivalent to the entire population of the state of Ceará, emerged from poverty, yet 59 million Brazilians remained in this condition. The IBGE uses the World Bank’s poverty line as a reference, defined as a per capita household income of $6.85 per day (based on purchasing power parity, PPP) or R$665 per month.

For extreme poverty, the population decreased from 12.6 million in 2022 to 9.5 million in 2023, meaning 3.1 million people moved out of this category last year. The extreme poverty line is set at a per capita household income below $2.15 PPP per day or R$209 per month.

“Both the job market and social benefits help explain the reduction in poverty. The job market has a greater impact on poverty, while social benefits affect extreme poverty more,” said André Simões, an analyst at IBGE who co-authored this crucial study.

While the decline in poverty was celebrated, the income inequality trend was less encouraging. The Gini index of per capita household income remained at 0.518 in 2023, the same level as in 2022, which is the lowest in the series since it began in 2012. The Gini index, a widely recognized measure of income inequality worldwide, ranges from 0 to 1, with values closer to 1 indicating greater inequality.

In Brazil, in 2023, the total income held by the top 10% highest earners was 3.6 times greater than the income of the bottom 40% earners. According to the IBGE, maintaining this inequality indicator is likely due to the more dynamic job market in 2023, which had a stronger impact on the income of higher-income deciles, as they rely more on labor income.

This inequality, according to the ActionAid Policy Advisor, justifies the discussion of a progressive tax reform targeting ultra-wealthy individuals: “We need to address the structural issues that explain poverty, which is more challenging due to the political process. However, even a slight taxation on the ultra-wealthy could generate significant resources to tackle issues such as the lack of basic sanitation.”

In a period of intense debate over fiscal matters, Francisco Menezes argues that the discussion of public spending should focus on “the quality of resource allocation rather than merely the numbers.”

The IBGE’s Summary of Social Indicators also includes data on the improvement of living conditions in Brazil. The proportion of young people aged 15 to 29 who neither study nor work decreased to 21.2% in 2023, down from 22.3% in 2022, the lowest level since 2012. Although the number of young people in this situation reached a record low, 10.3 million remain.

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Via Valor International

Brazil’s House of Representatives approves bill to regulate carbon market

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Aside from one exception for the insurance sector, the text is virtually identical to the version recently approved in the Senate

Brazil’s House of Representatives has approved Bill No. 182/2024, which aims to establish the Brazilian Greenhouse Gas Emissions Trading System (SBCE).

The text is practically identical to a version approved in the Senate last week, save for a provision specifically concerning the insurance sector. The bill now mandates that insurance companies, open-ended private pension funds, capitalization companies, and legal reinsurers annually invest at least 1% of their technical reserves and provisions in environmental assets specified in the bill (Brazilian Emission Quotas – CBEs, Verified Emission Reduction or Removal Certificates – CVREs, and carbon credits) or in investment funds focused on environmental assets. The Senate’s version had provided for the possibility of such entities obtaining authorization to invest up to 0.5% of their reserves in the specified assets. However, the House of Representatives returned this figure to 1%.

The bill is now subject to presidential assent, though a specific date for this has yet to be set.

Mattos Filho has prepared exclusive material outlining the main aspects of the bill approved in the Senate and upheld in the House of Representatives.

For further information on this topic, please contact Mattos Filho’s Environmental Law & Climate Change practice area.

Click here to read the publication

Via Mattos Filho

Black Friday beats forecasts, sees biggest rise in 4 years

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Online sales increase by 11% from Thursday to Sunday; steady trend could influence Christmas season

Data released by consultancies and research companies indicate that Black Friday sales surpassed projections in online and physical stores, marking the largest increase in four years. This performance could pave the way for more positive results during the Christmas season when retailers and industries can achieve higher profit margins.

From Thursday (28) to the morning of Sunday (1, until 6:59 a.m.), online nominal revenue rose by 11% compared to the previous year, reaching approximately R$8 billion, according to service and data company Neotrust Confi.

The initial projection was for a smaller increase of 9.1%, considering the low base of comparison of 2023. Last week, consultancies and sector associations interviewed for the report anticipated growth between 5% and 10%, depending on the study.

In 2022 and 2023, the figures fell short of expectations. In 2021, sales in November dropped by 4.2%, according to the Brazilian Institute of Geography and Statistics’ retail survey.

On Saturday (30), the acceleration was stronger, with a 22% increase compared to the same date in 2023, totaling R$1.93 billion in revenue. In terms of units, the increase was 21%. On Friday (29), the official Black Friday, online expansion reached 8.4%, aligning with market projections. The study was conducted in partnership with ClearSale.

According to Valor’s calculations, the 2024 increase represents the highest rate of online expansion for a Black Friday since 2020, when the pandemic led consumers to shop online.

This level of average spending includes segments such as fashion and food, which are less reliant on credit and less affected by recent interest rate hikes.

Brick-and-mortar stores, which don’t always perform well even when digital sales soar during Black Friday, might have experienced a more optimistic season.

According to Linx, a leading technology provider for the retail sector, fashion and footwear outlets saw a 13% increase during the promotional week. That happened after Asian platforms, such as Shein, were subject to a 20% import tax on items below $50, as per the law effective in August. On Friday, revenue growth reached 23%.

The payment of the first installment of the 13th salary on Black Friday, a situation not seen since 2019, partially explains the performance in both physical and digital stores. Since the event’s inception in Brazil in 2010, the 13th salary was paid on Black Friday only in 2013, 2014, and 2019.

Despite increased debt pressures on Brazilian budgets, consultants believe the stability in delinquency rates, household income gains, and the rise in formal employment in 2024 positively influenced the figures. According to the Central Bank, household credit delinquency over 12 months remains stable. The real average income rose by 7% from July to September.

Former Casas Bahia and Carrefour executive Abel Ornelas emphasized the need to assess whether Black Friday was profitable. “The event costs are high, and it’s crucial to determine if they were covered or if there was a loss. Christmas will be the opportunity to capitalize and truly increase margins.”

As Valor previously reported last week, there were signs of improving demand since the start of the month. The main market question is whether this momentum will continue into Christmas, as some consumers may have made early holiday shopping during Black Friday. Additionally, the potential risk of price increases due to a weaker real against the dollar, which could make goods ordered for sale more expensive, still looms.

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By Adriana Mattos — São Paulo via Valor International

DFC Approves $37 Million for Mombak’s Reforestation Projects in the Amazon

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São Paulo, 21 November 2024: The U.S. International Development Finance Corporation (DFC) has committed a $37 million loan to Mombak to expand the company’s sustainable forestry in Brazil. New forests will be planted in municipalities in the Brazilian Amazon, creating direct and indirect jobs, strengthening the reforestation value chain in the region and in Brazil, and restoring some of the most degraded areas of the Amazon.

The initiative aims to restore degraded areas in critical ecosystems, significantly impacting environmental conservation and sustainable development. Mombak’s operation focuses on the state of Pará, and planting will be conducted using native biodiverse species.

This investment is a part of DFC’s growing portfolio of nature-based solutions, an area where the agency has established itself as an innovator. DFC has deployed its range of tools, from political risk insurance and loans to technical assistance and equity investments, into the sector. DFC is focusing on nature-based solutions as a key tool in ongoing work to sequester carbon, strengthen communities against the worst effects of climate change, and protect fragile ecosystems.

With three farms in Pará so far, the project provides co-benefits, helping to reverse biodiversity loss, improve water quality, and positively impact the communities where it operates. Mombak’s reforestation will be 100 percent native species, providing habitat for numerous plants and animals, restoring local hydrological cycles, and creating more jobs per hectare than the cattle pasture it replaces.

Mombak has already raised over $150 million to invest in Amazon biome restoration projects. Over 3 million trees have already been planted on Mombak’s first farm, in operation since April 2023, in the municipality of Mãe do Rio, Pará – creating direct and indirect jobs, strengthening the local economy, and enhancing the reforestation value chain.

Furthermore, through a model of rural partnerships with cattle ranchers, other degraded areas are also being restored in municipalities across Pará. In addition to the positive environmental impacts, reforestation will enable the generation of carbon credits for the international voluntary market, aligning with UN Sustainable Development Goals No. 13 (Climate Action) and No. 15 (Life on Land).

About Mombak:

Mombak (“To Awaken” in Tupi-Guarani) was founded in 2021 by Peter Fernandez (former CEO of 99) and Gabriel Silva (former CFO of Nubank). With a background in innovation, they joined forces to tackle one of the world’s most pressing challenges: climate change. With clients including Microsoft, Google, and McLaren Racing, Mombak has attracted major global investors to support carbon removal and mitigate climate change. For more information, visit the website or connect on LinkedIn.

About DFC:

The U.S. International Development Finance Corporation (DFC) is the U.S. Government’s development finance institution. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.

Read the full article

Via U.S. Embassy & Consulates in Brazil

Baker McKenzie Named Regional South American Practice of the Year for Sixth Consecutive Year

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Leading global law firm Baker McKenzie has been named Regional South American Practice of the Year for the sixth consecutive year in the Chambers Latin America Awards 2024. Following thorough research from client feedback, this prestigious award celebrates outstanding legal work and achievements, impressive strategic growth and expansion, and unparalleled excellence in client service delivery.

Gustavo Boruchowicz, Chair of Baker McKenzie for Latin America, commented: “Our continued recognition as the Regional South American Practice of the Year is a testament to our commitment to excellence. At Baker McKenzie, we pride ourselves on acting as one cohesive regional team, seamlessly coordinating across our cross-border offices and matters. This award reflects the hard work and dedication of our entire team, and we are honored to be recognized once again for our ability to deliver strategic solutions and unparalleled service to our clients throughout Latin America.”

This year, Baker McKenzie has further solidified its position as a leader in the legal industry by enhancing its client engagement strategies. The Firm has introduced several innovative legal solutions tailored to meet the evolving needs of its clients, ensuring that they receive the highest quality of service and support.

With offices in Argentina, Brazil*, Chile, Colombia, Mexico, Peru, and Venezuela, Baker McKenzie advises global conglomerates and multinationals on navigating legal and business challenges in the region. The Firm continues to lean even further into their commitment to innovation, ID&E, and pro bono efforts.

*Baker McKenzie and Trench Rossi Watanabe have executed a strategic cooperation agreement for consulting on foreign law.

Via Baker McKenzie

Banco do Brasil no G20: parcerias viabilizam até R$ 4 bilhões em investimentos sustentáveis

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Ações de recuperação e preservação ambiental no país pautam agenda do Fórum

No momento em que 79 países se comprometem na cúpula do G20 em uma aliança contra a pobreza, o Banco do Brasil (BB) impulsiona soluções para geração de renda a partir de projetos de sustentabilidade e economia verde durante. Nesta segunda-feira, 18, o Banco assinou acordos estratégicos consolidando compromissos com os Objetivos de Desenvolvimento Sustentável (ODS) das Nações Unidas.

Entre as iniciativas prioritárias, destaca-se o acordo técnico para fortalecer a cadeia de biocombustíveis, firmado entre o BB e a Petrobras Biocombustível (PBIO), o segmento da petrolífera dedicado à produção de biodiesel. O acordo de cooperação técnica tem como objetivo promover práticas sustentáveis e explorar oportunidades no setor de biocombustíveis, assegurando a aquisição de insumos de fornecedores e cooperativas.

Além disso, estão previstos compromissos para a atração de investimentos com instituições financeiras europeias. O banco de desenvolvimento da Alemanha, KfW, firmará um memorando para financiar iniciativas de bioeconomia na Amazônia. O acordo prevê o montante inicial de 50 milhões de euros em investimentos direcionados a comunidades ribeirinhas, indígenas e quilombolas, reforçando o papel do banco no fomento de uma economia inclusiva.

Outro destaque é a aprovação pelo BB de uma operação no valor de 250 milhões de euros com o CDP, banco de fomento da Itália, e a SACE, agência de garantia também italiana, que haviam assinado um memorando de intenções em outubro e que agora anunciam esta operação para apoiar a recuperação de áreas afetadas por enchentes no Rio Grande do Sul, fomentar micro e pequenas empresas e ampliar o comércio bilateral, que será garantido pela empresa de fomento à exportação italiana SACE. Para o BB, a SACE aprovou adicionalmente mais 250 milhões de euros totalizando 500 milhões de euros em garantia para operações sustentáveis com o BB.

“Ser sustentável faz parte da nossa cultura empresarial. Somos a primeira instituição financeira do Brasil a ter metas de sustentabilidade oficialmente declaradas ao mercado. Os acordos assinados hoje nos permitem ampliar a nossa carteira sustentável, que soma atualmente R$ 370 bilhões de saldo, com R$ 53 bilhões aplicados na região da Amazônia Legal. Nossa meta é chegar a R$ 500 bilhões até 2030”, destaca a presidenta do Banco do Brasil, Tarciana Medeiros.

Além dos novos negócios, o BB destacará suas ações voltadas à transição energética e à descarbonização. Até 2030, o banco pretende reduzir 90 milhões de toneladas de CO₂ e ampliar sua atuação no mercado de créditos de carbono, com foco nos biomas brasileiros. Essas iniciativas fortalecem o compromisso do Brasil com os ODS das Nações Unidas e com a agenda climática internacional, conforme os Compromissos BB 2030 para um Mundo + Sustentável.

Leia a reportagem completa

Via Banco do Brasil

Boletim Focus: breve alívio na inflação e Selic em alta; veja o que esperar da economia

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O IPCA tomou leve fôlego nas previsões do relatório Focus, mas segue acima da meta. Saiba mais

A mediana do boletim Focus para o Índice Nacional de Preços ao Consumidor Amplo (IPCA) de 2024 interrompeu uma sequência de sete semanas de alta e diminuiu na margem, de 4,64% para 4,63%. Ela está acima do teto da meta, de 4,50%. Um mês antes, a projeção era de 4,55%.

Considerando apenas as 112 estimativas atualizadas nos últimos cinco dias úteis, a mediana passou de 4,67% para 4,64%. A mediana para a inflação de 2025 passou de 4,12% para 4,34%, mais próxima do teto, de 4,50%, do que do centro da meta, de 3%.

A partir do ano que vem, a meta será contínua, apurada com base no IPCA acumulado em 12 meses. Se ele ficar acima ou abaixo do intervalo de tolerância por seis meses consecutivos, o Banco Central (BC) terá descumprido o alvo.

Considerando as 111 projeções atualizadas nos últimos cinco dias úteis, a mediana para o IPCA de 2025 passou de 4,21% para 4,49%, quase o teto da meta.

Previsões do boletim Focus para Selic

A mediana do relatório Focus para a taxa Selic no fim de 2024 continuou em 11,75%, pela oitava semana seguida. Esse movimento consolida a avaliação do mercado de que o Copom aumentará os juros em 0,5 ponto porcentual na última reunião deste ano, no dia 11 de dezembro.

Considerando apenas as 97 projeções atualizadas nos últimos cinco dias úteis, a estimativa intermediária para a Selic também se manteve em 11,75%.

O Copom aumentou a taxa básica de juros em 0,5 ponto porcentual, de 10,75% para 11,25%, no último dia 6 de novembro. A mediana para a Selic no fim de 2025 passou de 12,00% para 12,25%, refletindo a expectativa de que o Banco Central terá pouco espaço para cortar juros ao longo do ano que vem.

Os dirigentes da autarquia têm mencionado a preocupação com a desancoragem das expectativas, em meio à atividade econômica forte. Considerando apenas as 97 projeções atualizadas nos últimos cinco dias úteis, a mediana para a taxa Selic no fim de 2025 oscilou de 12,25% para 12,50%.

Leia a reportagem completa

Por Fernanda Trisotto via Einvestidor Estadão

Art Amazon Day Festival: Celebrating Amazonian Talent on a Global Stage

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The Art Amazon Day Festival is proud to announce its inaugural international competition, designed to discover and promote the extraordinary talent of artists from Brazil’s Northern Region. Focused on the Amazon rainforest as its central theme, the contest provides a unique opportunity for local painters and sculptors to showcase their creativity to an international audience.

Key Details

  • Submission Period: November 12 to December 15, 2024. Late entries will not be accepted.
  • Semi-Finalists Announcement: December 17, 2024.
  • Voting Process: Semi-finalist voting by judges and the public will take place on December 19, 2024.
  • Winners Announced: December 20, 2024.

Competition Theme

The theme, “Amazon Rainforest”, invites artists to capture the essence, beauty, and cultural significance of the Amazon in their works. Participants may submit one entry in either painting or sculpture. Only one submission per candidate is allowed, with duplicate entries leading to disqualification.

Judging Criteria

A curatorial team will initially evaluate all submissions based on originality, creative impact, and adherence to the contest theme. The top 10 works will proceed to the semi-finals for further judging.

Prizes

Painting Category

  • 1st Place: Exhibition of the artist’s works in New York, launch event on January 31, 2025, and an exclusive course with renowned international artist Pierre Britt.
  • 2nd Place: Exhibition in New York and a professional art supplies kit.

Sculpture Category

  • 1st Place: Exhibition of the artist’s works in New York, launch event on January 31, 2025, and a professional sculpting tools kit.

Exhibition

The winners’ works will be displayed at the Consulate General of Brazil in New York from February 1 to March 5, 2025, following a grand launch event on January 31, 2025.

How to Participate

  • Submit your artwork via the registration link: https://amazondayfestival.com/contato/.
  • Only one entry per participant is allowed. Confirmation of successful submission will be sent via email.

This initiative, organized by the Amazon Day Festival, seeks to elevate the voices of Northern Brazilian artists, highlighting their extraordinary contributions to the cultural and artistic heritage of the Amazon. Don’t miss this chance to make your mark on the global stage and help celebrate the Amazon’s vibrant beauty and cultural richness.

Click here to learn more

Legal Insights From Brazil to Start Your Week

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What you will be reading in this issue:

1. Private Credit | Understanding the Brazilian Receivables Fund ‘FIDC Fornecedor e Cliente’

2. M&A | The Shareholders’ Agreement in Brazilian M&As as a Facilitator in Equity Sale Process

3. Tax | Tax Opportunity: Accelerated Depreciation Provides Financial Relief for Brazilian Companies in 2024

4. Conflict Resolution | Brazilian Supreme Court Bans Gambling Advertising for Minors and Restricts the Use of Social Benefits

5. Labor | Is Shorter Working Hours the Future? Analysis of the PEC and its Impact on Brazilian Companies

1. Private Credit | Understanding the Brazilian Receivables Fund ‘FIDC Fornecedor e Cliente’

The Brazilian Receivables Fund, known as “Fundo de Investimento em Direitos Creditórios – FIDC”, can be an attractive vehicle for economic groups that have a volume of receivables payable to suppliers and from clients in Brazil, aiming at capturing “marginal gains”.

Nicknamed as “Supplier” and “Client” FIDC, this type of fund allows the economic group’s holding company or controlling shareholder to set up the fund to advance receivables to suppliers and from clients, with tax advantages for the fund, controlling shareholders, and the operating company.

2. M&A | The Shareholders’ Agreement in Brazilian M&As as a Facilitator in Equity Sale Process

Shareholders’ agreement in Brazilian M&As is essential for a company, especially when there are concerns about corporate governance, succession and even interest in the future sale of shares.

Especially in relation to the sale of equity interests, we highlight two points of attention that demonstrate the need for the document to exist.

  1. Valuations’ Improvement. When the partners of a company begin a process of partial or total sale of the company, it is essential that its corporate structure is organized, thus avoiding any friction with future buyers, affecting the final sale price.
  2. No Conflict for Sale. Another point of extreme sensitivity deals with the possibility/obligation to sell the stake, mainly to minority shareholders and also when there is a dispersed shareholding. In these cases, the need for drag along (obligation to sell) and tag along (guarantee of sale under the same conditions) clauses are essential, as they avoid discussions that bring delay and insecurity, which can often end up making a deal unviable.

The Agreement is, therefore, a safe and confidential instrument in which partners can dispose of their interests in an unrestricted manner, bringing more security and certainty for partners, and transparency for potential buyers.

3. Tax | Tax Opportunity: Accelerated Depreciation Provides Financial Relief for Brazilian Companies in 2024

Brazilian companies in productive sectors now have access to a new tax incentive designed to boost investments in the modernization and renewal of equipment.

The measure, regulated by Decree No. 12,175/2024 and established under Law No. 14,871/2024, introduces differentiated accelerated depreciation rates for new machinery, equipment, devices, and instruments, offering significant tax deductions.

The goal is to encourage the acquisition of assets classified as fixed assets, enabling tax reductions for companies taxed under the actual profit regime.

To take advantage of the benefit, companies must comply with tax and labor obligations and be in good standing. The eligibility process requires documentary evidence of the acquisition of fixed assets to be submitted to the Brazilian Federal Revenue Service.

4. Dispute Resolution | Brazilian Supreme Court Bans Gambling Advertising for Minors and Restricts the Use of Social Benefits

In a landmark decision, rendered in the context of Direct Actions of Unconstitutionality (ADIs) 7721 and 7723, the Brazilian Supreme Federal Court (STF) ordered the immediate application of precautionary measures that impose significant restrictions on fixed-odds betting advertising in Brazil.

The decision, issued by Minister Luiz Fux, aims to protect children, adolescents, and beneficiaries of social programs from the harmful effects of advertising and gambling.

The new rules, which follow the guidelines of the Brazilian Code of Self-Regulation of Advertising (CONAR), determine the immediate application of the terms of Ordinance No. 1.231/2024, strictly prohibiting gambling advertising in places frequented by minors under 18 years of age and in media with a child audience. In addition, the use of images of children and adolescents in gambling advertising campaigns is strictly prohibited.

The STF’s decision represents an important step in the regulation of the gambling market in Brazil and demonstrates the Judiciary’s concern with protecting society from the risks associated with this practice.

5. Labor | Is Shorter Working Hours the Future? Analysis of the PEC and its Impact on Brazilian Companies

The Brazilian media and social networks were flooded with news about the PEC that proposes the end of the 6×1 work shift.

With enough signatures to be filed in the Chamber of Deputies, this proposed amendment to the Constitution aims to change item XIII of art. 7 of the Federal Constitution, aiming to establish a maximum working day of 8 hours and 36 hours per week, distributed over a 4-day work week.

The discussion about reducing the working day has been gaining ground internationally. Several countries have been experimenting with shorter working hours to assess the impacts on productivity, workers’ health and adaptation to the demands of the new generation. This global trend reflects a new approach to work that values quality of life while monitoring financial results.

But will it be feasible to implement the end of the 6×1 working day in Brazil through a constitutional amendment? The Minister of Labor, Luiz Marinho, himself suggested that this issue could be addressed through collective agreements and conventions, preserving the flexibility needed for sectors that demand different schedules.

Work hour flexibility can address current demands, but it must be balanced with the practicalities of productive sectors, ensuring that Brazil keeps pace with global trends without compromising business performance or job retention.

We must be ready to explore the best alternatives for work models that benefit both businesses and employees, always aiming to balance talent attraction and retention, workplace quality and safety, and productivity with financial health.

Read the full article

Via Feijó Lopes Advogados

Brazil launches a G20 social summit to highlight needs of low-income people

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Brazil has launched what it calls a social summit ahead of next week’s Group of 20 meeting of the top economies

Brazil launched what it called a social summit Thursday ahead of next week’s Group of 20 meeting of top economies, the first such event focused on drawing civil society input ahead of the main annual summit.

Foreign Minister Mauro Vieira said 40,000 people from G20 countries were expected to attend meetings and panels through Saturday in revamped warehouses of downtown Rio de Janeiro’s port area and nearby Museum of Tomorrow. The main summit takes place in Rio on Monday and Tuesday.

Proposals developed at the social summit will be summarized in a final document to be presented at the leaders’ summit.

Separately, representatives from Brazil’s low-income communities have also been gathering in Rio as part of an initiative called F20, and last week presented a joint statement outlining their priorities. These include combating inequality, promoting climate justice, improving access to sanitation and advancing digital and financial inclusion.

These neighborhoods, popularly known as favelas, are home to 16.4 million Brazilians, or 8% of the country’s population, according to the government.

And the challenges of favelas are evident in places like the mountainside Rio neighborhood of Rocinha, which recently reclaimed the title of most populous favela from another one outside the capital Brasilia. Residents in Rocinha cope with open sewage and a lack of economic opportunities.

Gabriela Sá Pessoa reported from Sao Paulo.

Read the full article

Via Independent

A ‘oportunidade gigantesca’ do Magazine Luiza; ‘temos a faca e o queijo na mão’, diz CEO

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O Magazine Luiza (MGLU3) está se preparando para um novo planejamento estratégico de cinco anos e considera a tecnologia de inteligência artificial um ponto de atenção do grupo para a nova fase prevista para começar em 2026, afirmou o presidente-executivo, Frederico Trajano, nesta sexta-feira.

“Vejo oportunidade gigantesca”, disse o executivo durante conferência com analistas após a publicação do balanço de terceiro trimestre da empresa, que mostrou desempenho acima do esperado pelo mercado.

“O que estou vendo em IA eu já vi outras duas vezes apenas”, disse Trajano, que é presidente do Magazine Luiza desde 2015, se referindo ao advento do comércio eletrônico e do desenvolvimento de aplicativos para dispositivos móveis.

Trajano afirmou que o Magazine Luiza conclui no final de 2025 o ciclo de criação de seu ecossistema de negócios, algo que, segundo ele, deixou o grupo mais protegido das oscilações macroeconômicas que incluem o atual movimento de alta dos juros e que foi construído com aquisições de dezenas de empresas e startups.

“Temos a faca e o queijo na mão”, afirmou o executivo, citando a personagem “Lu”, que deve se tornar um “canal de vendas” mais que uma influenciadora digital para a companhia no futuro.

Ainda sobre o próximo ciclo estratégico, Trajano disse que as operações de computação em nuvem do Magazine Luiza “tendem a ser mais significativas”, mas não deu detalhes sobre os investimentos que vislumbra para a operação recém-criada.

Questionado sobre a estratégia de crescimento da companhia, Trajano disse que em um cenário de juros e impostos mais altos, a empresa não vai sacrificar suas margens para alavancar o crescimento, mas que vai procurar extrair mais ganhos de suas operações atuais.

“Precisamos mostrar que nesse nível de escala a gente consegue ganhar dinheiro”, disse o executivo se referindo às vendas brutas no conceito GMV que devem atingir cerca de 50 bilhões de reais este ano.

“Melhor decisão de longo prazo é concluir esse ciclo estratégico e levar as margens para patamares maiores”, afirmou, citando que o grupo quer tirar mais valor das operações de venda de publicidade a vendedores em sua plataforma e com serviços financeiros.

Via Money Times

Saphira Ventura promove exposições de arte e palestras com sobreviventes de Hiroshima em prol da paz e desarmamento nuclear

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A Saphira Ventura Mídia e Entretenimento organiza vários eventos oficiais paralelos do G20, com exposições de arte no âmbito cultural e um programa com 40 palestras no âmbito educacional, voltadas para garantir espaço para as diferentes vozes, lutas e reivindicações da população e dos agentes não-governamentais dos países que compõem as maiores economias do mundo, seja na mobilização global contra mudanças climáticas, desertificação, inundações e altas temperaturas, assim como na luta contra o armamento nuclear e a paz mundial.

A Saphira Ventura Mídia e Entretenimento no seu comunicado para a paz e anúncio de apoio a causa de desarmamento nuclear e apoio a proposta do G20 na construção de um mundo justo e um planeta sustentável, reafirma seu compromisso com o objetivo do G20 Social de ampliar a participação de atores não-governamentais nas atividades e nos processos decisórios do G20.

Recentemente foi anunciado o Prêmio Nobel da Paz para Nihon Hidankyo, uma organização japonesa de sobreviventes das bombas atômicas de Hiroshima e Nagasaki (chamados de Hibakusha), por demonstrar por meio de testemunhos que as armas nucleares nunca mais devem ser utilizadas.

Aqui no Brasil, o desarmamento nuclear é um dos temas principais do International Uranium Film Festival, também conhecido como Festival de Cinema da Era Atômica, criado em 2010, no Rio de Janeiro, e laureado pela MovieMaker Magazine de Hollywood como um dos “25 Coolest Film Festivals in the World 2024”.

Sobreviventes das bombas atômicas que vieram morar no Brasil, já participaram de várias edições do Uranium Film Festival, como o Sr. Kunihiko Bonkohara e a Sra. Junko Watanabe que tinham 5 e 2 anos, respectivamente, no dia do bombardeio em Hiroshima.

A Sra. Junko Watanabe será a única sobrevivente, residente no Brasil, entre as 31 pessoas enviadas pelo grupo Nihon Hidankyo para a cerimônia de entrega do Prêmio Nobel da Paz, na capital da Noruega, Oslo, em 10 de dezembro.

A Saphira Ventura Mídia e Entretenimento, o Instituto Bienal Amazônia (IBA) e várias organizações não governamentais em conjunto com várias instituições internacionais, inauguram a Pré-Bienal Amazônia no Parque Glória Maria (Parque das Ruínas, em Santa Teresa) entre 12 e 20 de novembro, como parte do evento “G20 – Diálogos para o Planeta”, onde serão apresentadas palestras e exposições sobre esses temas.

Em parceria com o Uranium Film Festival, onde a Pré-Bienal apresentará “filmes atômicos” de diversos países, com a presença dos convidados Sr. Bonkohara e Sra. Watanabe apresentando ao público e a imprensa o chamamento para esse movimento ambientalista que engloba atores de vários continentes, um documentário com a colaboração do Instituto David Lynch e personalidades internacionais apoiando esse movimento.

Saphira Ventura Mídia e Entretenimento celebra sobreviventes de Hiroshima com exposições de arte e palestras no Brasil e Oslo em prol da paz mundial e a Saphira Ventura Mídia e Entretenimento tem a honra de anunciar a participação especial dos sobreviventes da bomba atômica de Hiroshima, conhecidos como Hibakusha, em uma exposição de arte que ocorrerá em São Paulo no dia 4 de novembro, às 19h. A Sra. Junko Watanabe, uma das sobreviventes e residente no Brasil, estará presente para participar de gravações para um documentário e concederá entrevistas à imprensa, reforçando a mensagem de paz e
desarmamento nuclear.

Este ano, a Sra. Watanabe será a única representante brasileira entre os 31 membros do grupo Nihon Hidankyo a comparecer à cerimônia do Prêmio Nobel da Paz em Oslo, no dia 10 de dezembro. Sua presença em São Paulo marca um importante anúncio desse evento histórico. Durante a exposição, o público terá a oportunidade de conhecer de perto os testemunhos dos Hibakusha, que são um lembrete poderoso da necessidade de abolir as armas nucleares.

Para celebrar este momento significativo na história da paz mundial, a Saphira Ventura Mídia e Entretenimento realizará uma exposição de arte em Oslo, alinhada com a cerimônia do Nobel, destacando obras e intervenções artísticas que simbolizam a luta por um mundo livre de armas nucleares. Estes eventos em São Paulo, Rio de Janeiro e Oslo é uma homenagem ao compromisso com a paz e à importância da conscientização global sobre os perigos do armamento nuclear.

Informações sobre o evento de São Paulo

• Opening Reception: November 4, 7-10 pm (BRT)
• On view: November 4-8
• Location: Galeria Marcelo Neves – Rua Artur de Azevedo, 1343, Pinheiros, São Paulo, Brazil
• RSVP: info@artsvgallery.com

Leia o press release completo

Via Saphira&Ventura Gallery

Industry Sees Brazil as Global Hub for Clean Jet Fuel

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Bloomberg’s Dayanne Sousa and Clarice Couto reported Thursday that “a global push to decarbonize air travel has groups from Big Oil to sovereign wealth funds betting on Brazil to become a top global center for green jet fuel.”

“Brazil is becoming a magnet for investment as countries race to grab a share of what promises to be a fast-growing market, with Shell Plc and Abu Dhabi’s Mubadala Investment Co. considering new sustainable aviation fuel plants in the country. That’s in part because Latin America’s biggest economy is the world’s second-largest producer of ethanol, which can be used to produce SAF,” Sousa and Couto reported. “Agriculture powerhouse Brazil has an abundance of cheap crops to make biofuels, providing the nation a leg up on competitors including the U.S. Many of Brazil’s supplies also rank better in terms of carbon emissions, key to meeting requirements for SAF production.”

“SAF is one of the few pathways the aviation industry has at its disposal to curb its carbon footprint, which accounts for about 2.5% of global emissions. Interest in green jet fuel is picking up, driven by policy support, particularly in the European Union and the U.S., but demand far exceeds available supply and is forecast to continue growing,” Sousa and Couto reported. “Ricardo Mussa, chief executive officer of sugar and ethanol company Raizen SA, said Brazil’s ethanol production puts it in a strong position to be a major exporter of SAF.”

‘”For every liter of SAF, we need 1.7 liters of ethanol, so the best place to produce would be in the origin, in Brazil,’ Mussa said at Bloomberg New Economy at B20 in São Paulo last week,” according to Sousa and Couto’s reporting

“Production of green aviation fuel in Brazil has the potential to reach around 50 billion liters (13.2 billion gallons) by 2030 with further investments in agriculture, according to preliminary data from a study carried out by Airbus, LATAM Airlines Group SA and the Massachusetts Institute of Technology,” Sousa and Couto reported. “That’s similar to the U.S.’s potential output, but Brazil is set to be a bigger exporter, with American production being consumed domestically.”.

Brazil Already Shipping to U.S. SAF Plants

Bloomberg’s Dayanne Sousa reported in April that “Brazilian company Raizen SA made the country’s first shipment of sugar-cane ethanol to be converted into green jet fuel in a U.S. plant, as competition heats up to supply the nascent market.”

Why Brazil May Be a Leader

Sousa and Couto reported that “companies and authorities in Brazil expect that SAF made from the country’s ethanol will be more effective than other crop-based alternatives. That’s mainly because of how international standards for cleaning global air travel are being written.”

“According to data by the International Civil Aviation Organization, Brazilian sugar cane ethanol has lower carbon emissions compared to other SAF ingredients such as soybean oil or U.S. corn-based ethanol. That means Brazilian-produced SAF would likely be more efficient in helping airlines reach targets to reduce their carbon emissions,” Sousa and Couto reported.

By Ryan Hanrahan via Successful Farming

Inter&Co Grows Its Presence in U.S. Market

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The company has its U.S. headquarters in Brickell Key

Digital financial services company Inter&Co continues its advance in the U.S. market with an office in Miami and a partnership with Brightline. Inter&Co is known for a multifunctional financial super app and is hiring dozens of people for its U.S. headquarters in Brickell Key. It has also acquired naming rights to the Major League Soccer venue in Orlando, now called Inter&Co Stadium.

Inter& Co is publicly traded on NASDAQ under the symbol INTR and is part of Nasdaq’s Global Market Select Index. Shares on Oct. 21 were trading at $6.55 and have a 52-week range of $4.12-$7.84.

The company had second-quarter revenue of about $421 million U.S., up 24 percent from the year-ago quarter. Net income of $39 million U.S. up 324% from the same quarter in 2023. (Figures converted from Brazilian reals based on the company’s 2nd quarter financial results.)

The loan portfolio grew by 35 percent and deposits grew by 34 percent.

Inter&Co Global CEO João Vitor Menin has been visiting Miami since he was a child and recently moved there. He is excited to bring the company’s innovative approach to the states.

An Oct. 21 panel discussion at Brightline’s MiamiCentral included Dr. Paula Hopkins, senior VP of Strategic Partnerships and Funding with Miami-Dade’s Beacon Council and Andre Dias Cardoso, head of Global Investments at Inter&Co.

Hopkins said that Brightline and Inter&Co fit in with rapid growth in the technology and innovation scene in Miami-Dade County, which is helping fuel economic growth. Inter&Co will help address underserved communities.

Dias Cardoso talked about how Inter&Co is breaking down barriers for Latino investors. The company embraces an educational component in English, Portuguese and Spanish to teach about saving, investing and the impact of economic issues, such as inflation.

One interesting aspect of the discussion is how Latin Americans are very mobile centric, which has helped fuel adoption of Inter&Co’s financial super app.

In an interview, Vitor Menin said both Brightline and Inter&Co reflect convenience, innovation, good quality, good service and a good value proposition for the consumer, which made for a good partnership. As a child, he remembers the long drives from Miami to Orlando, so he appreciates the ease of Brightline’s service between the two cities.

Read the full interview with Vitor Menin, Global CEO of Inter&Co

Via South Florida Business & Wealth

Na crise do setor aéreo, a United é exceção. E diz que avanço é a ‘ponta do iceberg’

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Companhia aérea, cujas ações subiram mais de 80% neste ano, tem conseguido escapar rapidamente da dinâmica de descontos do setor e vê aumento de receitas em diferentes segmentos.

Bloomberg — A United Airlines apresentou um lucro no terceiro trimestre acima das expectativas de Wall Street, em um sinal de que a empresa tem conseguido se recuperar dos descontos generalizados nas tarifas que prejudicaram muitas companhias aéreas em diferentes mercados. E avisou que o cenário aponta para uma recuperação ainda mais consistente.

“Há uma quantidade incrível de capacidade [de assento] não lucrativa no mercado dos EUA, e vimos isso sair de cena em um ritmo acelerado a partir de meados de agosto, em algo que continua até o próximo ano”, disse o diretor comercial da United, Andrew Nocella, a analistas durante a teleconferência de resultados do terceiro trimestre na quarta-feira (16).

“As mudanças que vimos até agora são apenas a ponta do iceberg.”

O lucro ajustado foi equivalente a US$ 3,33 por ação no período, acima da média de US$ 3,07 das estimativas dos analistas compiladas pela Bloomberg. A empresa também autorizou uma nova recompra de ações no valor de US$ 1,5 bilhão, incluindo até US$ 500 milhões neste ano.

Os resultados indicam que a United tem se recuperado rapidamente dos cortes profundos de preços em todo o setor, uma vez que as empresas aéreas lutaram para preencher um excesso de assentos no mercado durante a temporada de viagens de verão no hemisfério norte.

Companhias aéreas cortaram planos de voos “improdutivos” em meados de agosto, como esperado, e a United viu “um claro ponto de inflexão em nossas tendências de receita”, disse Scott Kirby, CEO da companhia aérea, em um comunicado na terça-feira (15).

As ações da United subiram mais de 15% desde o fechamento da terça-feira (16), véspera da divulgação do resultado do terceiro trimestre. As ações se valorizaram em mais de 80% neste ano, muito acima do avanço de cerca de 23% do índice S&P 500 no mesmo período.

O movimento de recompra de ações foi “um voto de confiança renovador do conselho no potencial de longo prazo da estratégia de crescimento da United”, disse o analista do Barclays Brandon Oglenski em uma nota aos clientes. O banco vê um “valor significativo” nas ações da empresa no longo prazo, disse ele.

Leia a reportagem completa.

Por Mary Schlangenstein via Blomberg L.P.

Meet our New Member Art in Brackets, LLC

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Art in Brackets is an art Consultancy and Advisory firm that articulates ideas for a global community of international artists, galleries and collectors, interlacing them within the creative fabric of NYC, and mediating collaborations between the art markets of the Americas.

Learn more at [ Art > In Brackets

Opera Nova: Six New Operas Showcase the Future of Transcultural Opera

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A decade ago, the International Brazilian Opera Company (IBOC) was founded with a bold vision: to fill the gaps of inclusivity and cultural diversity in the opera world—gaps that, before COVID-19, were largely unaddressed by the industry. Building upon the rich tradition of the Harlem independent black opera company movement, IBOC’s inception was inspired by a pivotal moment twenty-two years ago when Opera Ebony’s Benjamin Matthews visited Rio de Janeiro and advised future IBOC Artistic Director, João MacDowell, then a young composer working in multiple genres, to come to New York City to pursue a career in opera. 

Today, as the need for diverse and global narratives becomes more central to contemporary opera, IBOC proudly announces its inaugural Opera Nova: Works in Progress to acknowledge and build upon the historical Brazilian contribution to the transcultural artistic canon. The name, Opera Nova, was selected in reference to Bossa Nova, the major Brazilian cultural movement that entered the USA and globally in the mid-fifties.

These concerts establish Opera Nova as a defining moment in the genre’s evolution toward transcultural collaboration, presenting six new works that bridge artistic traditions and explore diverse cultural narratives. The performances will take place at Saint John’s in the Village (218 West 11th Street, New York, NY 10014) on Friday, November 15 at 7:00 PM, Saturday, November 16 at 3:00 PM, and Saturday, November 16 at 7:00 PM. A ticketed reception will be held on Saturday, November 16, from 5:00 to 7:00 PM, sponsored by Paris Baguette.

“Our mission from the start was to create a space for global voices in opera, telling stories that go beyond the traditional European canon and supporting immigrant artists in developing their authorship,” says Athena Azevedo, IBOC Executive Director. 

IBOC’s Opera Nova is a key initiative in the company’s mission to create a vibrant platform for transcultural operatic work, blending the talents of Brazilian and international artists. This festival showcases six new contemporary operas, each representing the cutting edge of the genre’s shift towards greater cultural integration. Under the artistic leadership of João MacDowell, IBOC is cultivating an operatic ecosystem where artistic innovation meets cross-cultural exchange.

Click here and read for more details

Tickets are available at https://bit.ly/iboc_opera. and Brazilian Chamber Members receive a discount of $10 for the 5-7 pm Saturday Reception when purchasing with the code BRACHAM.

For more information, contact Christina Morgan at 718-309-7588 or via email at Christina@Brazilianopera.com.

Visit www.iboc.nyc for more information on the International Brazilian Opera Company’s mission and upcoming events.

 

 

Via International Brazilian Opera Company (IBOC)

Eve, da Embraer, garante R$500 milhões do BNDES para fábrica de ‘carros voadores’ em Taubaté (SP)

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Unidade será estruturada em quatro fases, cada uma projetada para produzir 120 eVTOLs por ano

A Eve, fabricante dos eVTOLs da Embraer (veículos elétricos popularmente chamados de “carros voadores”), assinou um contrato de financiamento de R$ 500 milhões com o Banco Nacional de Desenvolvimento Econômico e Social (BNDES) para a construção de sua fábrica.

A planta será em Taubaté, no interior de São Paulo, cidade em que a Embraer já está instalada.

O financiamento faz parte do programa BNDES Mais Inovação, que tem entre os objetivos fomentar projetos para mobilidade aérea urbana e na descarbonização da aviação.

O acordo dá continuidade à parceria iniciada em 2022, quando o BNDES aprovou uma linha de crédito de R$ 490 milhões para o desenvolvimento do programa eVTOL.

A nova operação combina subcréditos nacionais e internacionais, com parte dos recursos em moeda estrangeira, e será amortizada em até 16 anos.

De acordo com Eduardo Couto, CFO da Eve, o financiamento aprimora a estrutura de capital, combinando ações e dívidas.

A fábrica será estruturada em quatro fases, cada uma projetada para produzir 120 aeronaves, totalizando 480 eVTOLs por ano.

Segundo a Eve, a abordagem modular permitirá que os investimentos acompanhem o crescimento do mercado.

Atualmente, a empresa possui 2.900 cartas de intenção de compra de clientes em 13 países, representando um pipeline de receita potencial de US$ 14,5 bilhões.

Negociada na Nyse, a Bolsa de Nova York, a ação da Eve acumula um avanço de 3,36% em 12 meses, negociada a US$ 11,08.

Via Raquel Brandão por Exame

Governo Federal, BNDES e parceiros lançam plataforma com metas de desenvolvimento e clima

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O Governo Federal, por meio dos ministérios da Fazenda, de Meio Ambiente e Mudança Climática, de Minas e Energia e do Desenvolvimento, Indústria, Comércio e Serviços, juntamente com o Banco Nacional de Desenvolvimento Econômico e Social (BNDES), a Bloomberg Philanthropies, a Aliança Financeira de Glasgow para o Net Zero (Gfanz), e o Fundo Verde para o Clima (GCF) anunciaram nesta quarta-feira, 23, o lançamento da Plataforma de Investimentos em Transformação Climática e Ecológica do Brasil (BIP) – uma iniciativa para avançar as metas ambiciosas de desenvolvimento e clima do Brasil.

A BIP busca expandir e otimizar os investimentos de transição, de todas as fontes, em apoio ao Plano de Transformação Ecológica do governo em setores-chave, servindo de exemplo para outros países que buscam integrar suas transformações ecológicas e metas climáticas em pipelines de investimentos concretos.

Atração de investimentos – O ministro da Fazenda, Fernando Haddad, afirmou que a plataforma é a realização de um ano e meio de iniciativas da pasta que abriram um novo horizonte para a agenda climática do Brasil. “É, portanto, a conclusão de um processo de estruturação de nossos marcos regulatórios e financeiros para investimentos verdes”, disse. “Da mesma forma, é o início de outro processo, de uma nova onda de investimentos”.

Mobilizar capital internacional de transição é essencial para que o Brasil alcance suas metas ambiciosas de desenvolvimento e clima. Em 2023, o Brasil atualizou sua contribuição nacionalmente determinada (NDC) e suas ambições climáticas, com o objetivo de reduzir suas emissões em 53% até 2030, e potencial para se tornar a primeira nação do G20 a atingir o zero líquido enquanto cria empregos e espalha prosperidade. O país está finalizando suas metas de redução de emissões para 2035 atualmente. Essas metas incluem o foco de combater o desmatamento, práticas agrícolas sustentáveis, descarbonização industrial, soluções baseadas na natureza, fontes diversificadas de energia renovável, transporte sustentável e bioeconomia. Apesar dos esforços passados e em andamento, os planos climáticos brasileiros receberam apenas uma fração do financiamento necessário para atingir as metas climáticas do país.

Michael R. Bloomberg, fundador da Bloomberg Philanthropies, disse que a instituição está “ansiosa” para apoiar os esforços do Brasil. “As metas ambiciosas do Brasil e sua determinação em alcançá-las refletem a liderança de que precisamos para acelerar a transição para energias limpas – e para interromper os efeitos mais letais e custosos das mudanças climáticas”, disse Bloomberg, que também é enviado especial do secretário-Geral das Nações Unidas para Ambição Climática e Soluções.

O enviado especial das Nações Unidas para Ação e Finanças Climáticas e co-presidente da Gfanz, Mark Carney, afirma que o Brasil dá um exemplo para o mundo ao mostrar como a ação sobre emissões pode impulsionar o crescimento, espalhar prosperidade e criar novos empregos bem remunerados. “O Plano de Transformação Ecológica e o plano Nova Indústria Brasil criam prioridades claras para ação”, ressaltou. “Agora, a BIP reunirá os setores público e privado com instituições domésticas e internacionais para superar as barreiras de investimento e apoiar uma transição em toda a economia”.

A BIP trabalhará com fundos e programas públicos existentes, como o Restaura Amazônia, bem como com iniciativas parceiras, incluindo o Laboratório de Investimentos da Natureza do Brasil – uma iniciativa liderada pelo setor privado que desenvolve recomendações regulatórias e políticas, modelos de negócios e uma abordagem consistente para projetos de soluções baseadas na natureza no Brasil – e o programa Acelerador de Transição Industrial (ITA) Brasil – uma iniciativa projetada para ajudar a avançar um portfólio de projetos da economia real para superar os desafios da descarbonização em setores-chave com altas emissões.

A BIP também buscará parcerias com bancos multilaterais de desenvolvimento (BMDs) e fundos ambientais e climáticos para financiar tecnologias emergentes e desenvolver estruturas de financiamento inovadoras.

Leia a matéria na íntegra e veja mais detalhes da plataforma

Via Agência BNDES de Notícias

BTG Pactual gets green light to buy AccorInvest hotels in Brazil for $300 mln

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Funds managed by Brazilian investment bank BTG Pactual received preliminary approval on Friday from the country´s antitrust regulator to buy the hotel operations of AccorInvest in Brazil for 1.7 billion reais ($300 million), regulatory documents showed on Monday

Funds from BTG are acquiring all 18 hotels AccorInvest owns in Brazil, totaling 2,600 rooms, three people familiar with the deal said.

The hotels will be distributed into three funds managed by BTG, the same people said, adding that the 1.7 billion reais also comprises investments in the properties. The hotels will continue to be operated by Accor, they added.

The new portfolio includes the Fairmont Copacabana and the former Caesar Park, renamed under the Sofitel brand, both in Rio de Janeiro, the sources said.
Once the preliminary approval is given, commissioners from the regulator, known as Cade, and interested parties have up to 15 days to challenge the deal.
With this deal, funds managed by BTG will own 54 hotels with approximately 4,300 rooms in Brazil, mainly in the states of Sao Paulo and Rio de Janeiro, the sources said.

BTG, which has been in talks with Accor since the beginning of the year, intends to finalize the acquisition by the end of 2024, one of the people told Reuters.
The funds involved in the transaction will now concentrate on the closing of the deal but see future opportunities in the hotel segment in Brazil, according to the same people.

BTG funds have $5.5 billion in assets under management in the real estate sector, most of it in Brazil, the people said.

Reporting by Luciana Magalhaes; Editing by Mark Porter via Reuters

Participe da 28ª CEO Survey da PwC

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Os CEOs de todo o mundo estão lidando com mudanças aceleradas, questões cada vez mais complexas e uma diversidade crescente de demandas dos stakeholders

Junte-se a nós e a seus pares globais e participe da 28ª CEO Survey da PwC, que pretende prover insights relevantes sobre como os CEOs estão reinventando seus modelos de negócios para enfrentar esses desafios.

Os resultados serão divulgados em janeiro de 2025, na abertura do Fórum Econômico Mundial em Davos.

O preenchimento do questionário não deve levar mais do que 20 minutos e pode ser realizado até 8 de novembro de 2024. Para começar, clique neste link: https://www.pwcresearch.com/uc/PwC_CEO28_Reg/

Agradecemos por participar e compartilhar suas ideias. Caso tenha alguma dúvida ou problema técnico, entre em contato com global.ceo.survey@pwc.com.

Via PwC Brasil

Updates on Antitrust and Competition Enforcement in Latin America

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Welcome to Juntos, our bulletin that explores antitrust and competition developments across US-Latin America. In this issue, we look at key headlines from throughout 2024

Brazil

Brazil’s CADE publishes new report on data, market power, and potential competition in merger reviews. In April, Brazil’s Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica, or CADE) released a new report produced by the working group on mergers of the International Competition Network (ICN). The ICN advocates for the adoption of improved standards and procedures in competition policy around the world, and increased convergence and cooperation. The report focuses on merger reviews in digital markets and the challenges of applying traditional antitrust principles to novel markets that bring new issues related to data control, market power, and potential competition. The goal of the report is to analyze the tools and methods needed to evaluate these new markets in the context of the merger review process. It leverages international research carried out with competition authorities around the world. The full text of the report can be found here.

United States

Court halts FTC’s ban on noncompete restrictions nationwide. Earlier this year, the FTC finalized a rule banning any new and most existing noncompete restrictions for US workers. The rule was scheduled to take effect on September 4, but on August 20, 2024, a federal court struck down the rule after finding that the FTC did not have the authority to issue the substantive rule and additionally had enacted it after an arbitrary and capricious process. As a result, the rule will not go into effect, unless an appeals court reverses the lower court’s order. Despite this decision setting aside the FTC’s federal rule, however, employers in the US remain subject to a wide range of state and local laws governing – and in some cases, banning – noncompete provisions for workers. For more, see our Noncompetes and Competition Enforcement Hub.

DOJ and state attorneys general sue software maker for antitrust violations related to its AI-driven product. In a first-of-its-kind enforcement action, an August 2024 lawsuit against RealPage, Inc. by the US Department of Justice (DOJ) and multiple state attorneys general alleges that the company’s pricing algorithms and AI-driven software for commercial residential landlords facilitate unlawful information sharing between landlords, leading to higher prices for renters, in violation of federal antitrust law. The enforcers further allege that RealPage unlawfully monopolized the market for commercial revenue management software for multifamily housing rentals by “amassing a massive reservoir of competitively sensitive data” from customers and using its “self-reinforcing data and scale advantages,” to the exclusion of potential rival software providers. This is the first time that the DOJ will litigate claims based on so-called “algorithmic collusion,” and the case stands as a potential bellwether for government enforcement against the use of algorithm- and AI-driven pricing tools.

Read the full bulletin

Edited by Carsten Reichel and Amadeu Ribeiro via DLA Piper

Veja os Números da Educação no Brasil

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É de conhecimento comum que ter uma Educação de qualidade é muito importante para a vida das pessoas. Tendo acesso a ela enquanto crianças e adolescentes, os indivíduos se desenvolvem melhor – pessoal e socialmente –, têm mais oportunidades econômicas, conseguem exercer ativamente sua cidadania e podem contribuir com o progresso da sociedade.

Ainda assim, os números da Educação no Brasil não mostram um cenário favorável para a infância e adolescência. Segundo dados públicos de 2023 compilados pela Fundação Abrinq em sua plataforma de monitoramento própria, o Observatório da Criança e do Adolescente, todas as etapas de ensino sofrem no país.

Educação Infantil

A começar pelas creches – que oferecem o atendimento educacional para as pessoas entre os 0 e 3 anos de idade –, a Fundação Abrinq constatou que apenas 37,8% das crianças nessa faixa etária estão frequentando essas unidades, ou seja, a maioria está de fora destes importantes espaços para a educação infantil.

Outro ponto de importância diz respeito à infraestrutura das creches no Brasil, que é precária em muitos casos. São 25.960 as unidades que não possuem banheiros adequados para as necessidades das crianças e 32.849 as que não contam com parques infantis para as crianças brincarem e se desenvolverem.

Para ajudar a minimizar o problema, a Fundação Abrinq desenvolve o Programa Creche para Todas as Crianças, cujo objetivo é aumentar o acesso e assessorar a melhoria da qualidade do atendimento em unidades de educação infantil, tendo em vista o desenvolvimento das crianças.

Em 2024, o programa, em parceria com a Fundação Salvador Arena, está reformando 18 creches nas regiões Norte e Nordeste do país e irá doar parques infantis para oito outras unidades no Pará. Além disso, para melhorar ainda mais a qualidade do atendimento das crianças, são realizadas doações de acervos pedagógicos e formações profissionais com os educadores.

Ensinos Fundamental e Médio

Avançando as etapas de ensino, os dados presentes no Observatório da Criança e do Adolescente apontam fragilidades tanto no ensino fundamental quanto no ensino médio.

No primeiro caso, tem-se uma taxa de abandono escolar de 0,7%. O valor pode parecer baixo, mas, na verdade, corresponde a uma estimativa de mais de 180 mil crianças que anualmente desistem de estudar antes de completarem o ensino fundamental. Outro dado preocupante é o de reprovações, que passa da marca de 900 mil.

Para o ensino médio, o abandono e as reprovações também são problemas graves. No que se refere àquele dado, a taxa é de 3,4%, correspondendo a, aproximadamente, mais de 260 mil adolescentes que abandonam a escola todos os anos. Dos que ficam, um número estimado de 400 mil são reprovados no ano letivo.

A Fundação Abrinq também possui iniciativas para incentivar que as crianças e os adolescentes permaneçam na escola até completarem a educação básica. É o caso, por exemplo, do Projeto Construindo Futuros, que promove o desenvolvimento de projetos de vida dos estudantes do 9º ano.

Neste ano, o projeto já levou 645 estudantes de 21 escolas públicas diferentes de São Paulo para visitarem espaços culturais da capital e ampliarem seus repertórios.

Via Fundação Abrinq

 

Número de empresas brasileiras que exportam aos EUA bate recorde, aponta estudo do MDIC

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Quase 10 mil companhias do país fizeram negócios com os Estados Unidos em 2023

O total de empresas do Brasil que exportam para os Estados Unidos bateu um recorde histórico. Em 2023, 9.533 companhias nacionais venderam produtos ao país norte-americano, e a maioria deles são itens de maior tecnologia.

O levantamento mostrou ainda que as empresas que exportam aos EUA pagam melhores salários aos funcionários e empregam mais mulheres, na comparação com companhias que vendem a outros países.

“Nunca na história tantas empresas exportaram para um único destino quanto exportaram no ano passado para os Estados Unidos”, diz Tatiana Prazeres, secretária de Comércio Exterior do MDIC. “Isso é algo que interessa porque ampliar a base exportadora do Brasil é um objetivo do governo federal”, prossegue.

Em 2000, havia 4.664 empresas brasileiras exportando aos EUA. Em 2005, este número atingiu 8.023, mas houve queda nos anos seguintes, em parte por causa da crise financeira americana. A retomava veio a partir de 2013 e ganhou mais força nos últimos cinco anos, com crescimento contínuo desde 2018, até chegar aos atuais 9.953.

Como comparação, 11.253 empresas brasileiras exportam para países do Mercosul, 8.498 para a União Europeia e 2.847 vendem para a China.

200 anos de relações

Neste ano, Brasil e EUA completam 200 anos de relações bilaterais. Em 2009, os Estados Unidos perderam o posto de maior importador de produtos brasileiros para a China, mas permanece como o maior comprador de produtos industrializados brasileiros e é o segundo maior parceiro comercial do país.

Em 2023, os Estados Unidos compraram US$ 29,9 bilhões em produtos manufaturados brasileiros, como aeronaves, aço, máquinas para construção e mineração, motores e geradores. Além disso, o país exporta muito café em grão e suco de laranja aos EUA.

“Os produtos cujas exportações brasileiras para os Estados Unidos mais cresceram de janeiro a agosto desse ano são café, celulose e carne, mas também aeronaves e máquinas de energia elétrica. Nos chama a atenção o crescimento em universos de produtos que são muito diferentes”, diz Prazeres.

O estudo aponta ainda que empresas brasileiras que exportam aos Estados Unidos geram 3,2 milhões de empregos no Brasil, número 22,5% maior em relação a 2008. A remuneração média nestas empresas é de R$ 4.588 mensais, número 16,2% maior do que na comparação com a China.

Leia a reportagem na íntegra.

Via Exame

U.S.-Brazil CEO Forum Call for Applications

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The Department of Commerce is seeking applications for U.S. Section members of the U.S.-Brazil CEO Forum for any vacancies that may arise during the current term, ending February 9, 2026.

The Department seeks to identify U.S. Section candidates who represent a diversity of business sectors and applications from individuals representing companies in all sectors and of all sizes. The Department is committed to achieving diversity in the membership of the U.S. Section of the Forum to the maximum extent permitted by law and consistent with the need for balanced industry representation. Where possible, the Department will also consider the ethnic, racial, and gender diversity of the United States.

The Forum provides business leaders with the opportunity to impact the U.S.-Brazil trade relationship and improve conditions for doing business in Brazil.

Qualifications

To qualify, a candidate must be a CEO or president of a U.S.-owned or -controlled company that is incorporated in or has its main headquarters or principal place of business in the United States and that is currently doing business in both Brazil and the United States. For more information on the selection criteria and application process, please see Federal Register notice 87 FR 9313, published on February 18, 2022.

Applications for membership will be accepted through April 30, 2025, to fill any new vacancies that may arise.

Background: Launched in 2007, the U.S.-Brazil CEO Forum consists of up to 24 CEOs from the United States and Brazil who provide joint recommendations to the two governments to strengthen the U.S.-Brazil economic and trade relationship. The Forum has successfully opened discussions between the United States and Brazilian governments on several important issues, including visa and tax reform, customs procedures, education, energy, defense trade, and infrastructure.

For more information please visit:

Federal Register Notice: 87 FR 9313

U.S.-Brazil CEO Forum Website: www.trade.gov/us-brazil-ceo- forum\

Contact
For inquiries and to request an application, please contact: BrazilDesk@trade.gov.

Christopher Di Trolio
Office of Latin America and the Caribbean
International Trade Administration U.S. Department of Commerce
Christopher.DiTrolio@trade.gov

Learn more

BB Digital Week debate tecnologias sustentáveis em sua terceira edição

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De 29 a 31 de outubro, em Brasília, o evento gratuito terá palestras de especialistas e personalidades, painéis temáticos e feira de exposições

Nos dias 29 a 31 de outubro, o Banco do Brasil promoverá a terceira edição do BB Digital Week (BBDW), que será realizado no Ulysses Centro de Convenções, em Brasília. Consolidado como um dos principais eventos sobre tecnologia, inovação, negócios e sustentabilidade do país, o BBDW é gratuito e aberto à participação do público, com oportunidades para mercado, governo e para o mundo acadêmico. As inscrições podem ser feitas pelo portal do evento.

O tema desta edição é “Tecnologias Sustentáveis na Era da Multiexperiência”. A programação conta com palestras de especialistas, painéis e workshops divididos em nove trilhas de conhecimento:

•    Agile
•    ASG & Pessoas
•    Governança & Gestão de TI
•    Cibersegurança & Proteção de Dados
•    Experience
•    Inovação
•    Infraestrutura
•    Desenvolvimento
•    IA & Analytics

Estrutura

A expectativa é que o evento deste ano alcance o número de 21 mil pessoas em três dias de realização. Nas edições passadas, em 2022 e 2023, o BBDW reuniu mais de 16 mil participantes no total.

Para atrair e acolher esse público, o BB prepara uma estrutura com mais de 10 mil m² de área, com 13 espaços para conteúdos simultâneos, arena gamer, espaço para hackathons, área gastronômica, lounges e estandes para interação com grandes empresas – como BB Seguros, Cateno, Elo, IBM, Microsoft, Oracle, entre outras.

Veja mais detalhes

Via Banco do Brasil

Indicado para a Presidência do BC, Galípolo é aprovado pelo Senado; Saiba Mais

Prédio do Banco Central do Brasil, Brasília, DF
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Galípolo foi questionado sobre a sua independência nas tomadas de decisões com relação ao governo

Indicado à presidência do Banco Central (BC) pelo presidente Lula, Gabriel Galípolo passou por sabatina nesta terça-feira (08). A etapa decisiva para definir o futuro do BC teve início às 10h (horário de Brasília), na Comissão de Assuntos Econômicos (CAE) no Senado.

A nomeação do atual diretor monetário do BC para a presidência da autoridade monetária chegou ao Senado no dia 2 de setembro. Toda indicação para a diretoria do Banco Central passa por uma análise e julgamento da Casa, com sabatina e votação na CAE e, em seguida, votação no Plenário.

Em uma votação secreta no Senado Federal, Galípolo foi aprovado por 66 votos favoráveis e 5 contra. A validação dele em Plenário foi a melhor dos últimos 22 anos. O indicado comandará o Banco Central brasileiro a partir de janeiro de 2025, sucedendo o nome escolhido por Jair Bolsonaro, Roberto Campos Neto.

Quem é Gabriel Galípolo?

Gabriel Muricca Galípolo, de 42 anos, é economista, professor e pesquisador formado em Ciências Econômicas, mestre em Economia Política pela Pontifícia Universidade Católica de São Paulo (PUC-SP).

O economista começou no setor público em 2007, no governo de José Serra (PSDB), quando atuou na Secretaria de Transportes Metropolitanos do Estado de São Paulo. Anos mais tarde, assumiu como secretário executivo do Ministério da Fazenda no terceiro mandato do governo Lula.

Em maio de 2023, Galípolo foi indicado pelo ministro Fernando Haddad para o atual cargo de diretor de política monetária do BC.

No setor privado, presidiu e se destacou no Banco Fator e, em 2018, comandou a privatização da Companhia Estadual de Águas e Esgotos do Rio de Janeiro (Cedae).

Apesar do receio de que Galípolo fosse pressionar por um corte de juros, desde que chegou ao BC as suas decisões têm acompanhado a da maioria dos diretores do Comitê de Política Monetária (Copom).

A economia heterodoxa de Galípolo

Conhecido por sua economia heterodoxa, Galípolo reflete uma escolha que busca equilibrar a autonomia institucional com uma comunicação eficaz entre governo e mercado.

“Toda vez que me foi concedida a oportunidade de encontrar o presidente Lula, eu escutei de forma enfática a garantia da liberdade na tomada de decisões”, disse o diretor em sabatina na Comissão de Assuntos Econômicos (CAE) no Senado.

Ele também reafirmou seu compromisso com o arcabouço estabelecido para o trabalho da autoridade monetária. Nas últimas reuniões do COPOM, Galípolo foi em linha com o resto da diretoria e nunca votou para baixar juros.

O economista destacou que o Brasil é hoje reconhecido por sua estabilidade monetária e financeira e acrescentou que os núcleos de inflação no país nos últimos 12 meses ficaram em níveis comparáveis aos de economias estáveis como Estados Unidos e Reino Unido.

Leia a reportagem na íntegra

Por Ana Paula Branco Alves via Forbes Brasil

Brazil’s Potencial to invest $109 million to turn biodiesel plant into world’s largest

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Brazil’s Grupo Potencial announced on Tuesday an investment of 600 million reais ($108.86 million) to increase biodiesel output at one of its plants, giving the facility the world’s largest production capacity for soy oil-based biofuel

WHY IT’S IMPORTANT

The investment was announced amid efforts by Brazil’s government to increase the footprint of biofuels in local markets.

President Luiz Inacio Lula da Silva is slated to sign a bill known as Fuel of the Future into law on Tuesday to promote the gradual increase of biodiesel blend into diesel, among other actions.

BY THE NUMBERS

Grupo Potencial said the plant, located in Parana state, will increase its annual biodiesel production capacity to 1.62 billion liters (428 million gallons) from 900 million liters (238 million gallons).

The plant’s current capacity already makes it the largest unit in Brazil, according to Potencial. Expansion work is scheduled to begin in 2025, with completion scheduled for 2026.

The company believes the additional production will meet market demand as the new law is expected to increase the biodiesel blend with diesel to 25% by 2035, from the current 14%.

KEY QUOTES

“The energy transition is an irreversible global movement,” Grupo Potencial head Arnoldo Hammerschmidt said in a statement on Tuesday.

“Our country is making significant progress towards ensuring legal security, predictability of investments in the sector and, consequently, stability in our energy mix.”

Reporting by Roberto Samora; writing by Luana Maria Benedito; editing by Jonathan Oatis via Reuters

Brazil Introduz Novas Regras de Tributação Mínima Global

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[PT] No dia 3 de outubro de 2024, o Brasil introduziu a Medida Provisória nº 1.262, alinhando suas regulamentações tributárias às Regras Globais de Combate à Erosão da Base Tributária (GloBE) da OCDE. Esta medida faz parte do Quadro Inclusivo sobre Erosão da Base e Transferência de Lucros (BEPS), que estabelece uma alíquota efetiva mínima (ETR) de 15% para grandes empresas multinacionais (MNEs).

Principais Características da Legislação:

  • Adoção de uma ETR mínima de 15%: A legislação introduz um adicional à Contribuição Social sobre o Lucro Líquido (CSLL) para garantir que as MNEs que operam no Brasil cumpram a alíquota efetiva mínima de 15% sobre os lucros globais, conforme exigido pelas regras GloBE da OCDE.
  • Escopo: As regras se aplicam a Grupos Multinacionais com entidades no Brasil e com receitas consolidadas anuais de €750 milhões ou mais, sujeitando esses grupos às regulamentações do imposto mínimo GloBE, semelhantes às implementadas em outros países do G20 e da OCDE.
  • Cálculo da Alíquota Efetiva (ETR): A ETR é calculada como a razão entre os Impostos Abrangidos Ajustados (impostos pagos sobre a renda e os lucros) e a Renda GloBE (lucros contábeis globais), expressa como uma porcentagem. Se a ETR em uma determinada jurisdição for inferior a 15%, a diferença será arrecadada por meio de um adicional à CSLL no Brasil. A fórmula para calcular o Adicional de CSLL no Brasil é: Adicional de CSLL = (15% – ETR) x Renda GloBE (no Brasil).

Principais Considerações:

  • Iniciativa do Governo: De forma incomum, o governo brasileiro emitiu simultaneamente tanto a medida provisória quanto as regulamentações específicas via Instrução Normativa, indicando um forte compromisso com a rápida aprovação.
  • Processo Legislativo: A Medida Provisória precisa ser aprovada pelo Congresso. Caso seja aprovada ainda em 2024, as regras entrarão em vigor em 1º de janeiro de 2025.
  • Diretrizes da OCDE: Comentários e diretrizes da OCDE foram incluídos como uma das fontes de interpretação para as novas regras.
  • Impacto nas MNEs: As multinacionais com operações no Brasil precisarão reavaliar sua Alíquota Efetiva (ETR), conforme calculada de acordo com as novas disposições.
  • Impacto sobre Incentivos Fiscais e Estratégias de Planejamento: Vários incentivos fiscais e estratégias de planejamento amplamente utilizados no Brasil podem ser significativamente afetados, incluindo:
    • Incentivos da SUDENE/SUDAM,
    • Amortização de Goodwill,
    • Juros sobre Capital Próprio (JCP),
    • Incentivos de P&D,
    • Novo mecanismo de crédito tributário para subvenções governamentais.

[EN] On October 3, 2024, Brazil introduced Medida Provisória No. 1.262, aligning its tax regulations with the OECD’s Global Anti-Base Erosion (GloBE) Rules. This is part of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS), which establishes a minimum effective tax rate (ETR) of 15% for large multinational enterprises (MNEs).

Key Features of the Legislation:

  • Adoption of a 15% Minimum ETR: The legislation introduces an additional Contribuição Social sobre o Lucro Líquido (CSLL) to ensure that MNEs operating in Brazil meet the 15% minimum effective tax rate on global profits, as required by the OECD’s GloBE rules.
  • Scope: The rules apply to Multinational Groups with entities in Brazil and with annual consolidated revenues of €750 million or more, making these groups subject to the GloBE minimum tax regulations, similar to those implemented in other G20 and OECD countries.
  • Calculation of the Effective Tax Rate (ETR): The ETR is calculated as the ratio of Adjusted Covered Taxes (taxes paid on income and profits) to GloBE Income (global book profits), expressed as a percentage. If the ETR in a particular jurisdiction is below 15%, the difference will be collected through an additional CSLL in Brazil. The formula for calculating the Additional CSLL in Brazil is: Additional CSLL = (15% – ETR) x GloBE Income (in Brazil).

Key Takeaways:

  • Government Initiative: Unusually, the Brazilian government has issued both the executive order (Provisional Measure) and specific regulations simultaneously, indicating a strong commitment to getting this approved swiftly.
  • Legislative Process: The Provisional Measure must be approved by Congress. If passed in 2024, these rules will take effect on January 1, 2025.
  • OECD Guidelines: OECD commentary and guidelines have been included as interpretation framework for the new rules.
  • Impact on MNEs: Multinational corporations (MNCs) with business in Brazil will need to reassess their Effective Tax Rate (ETR), as calculated under the new provisions.
  • Impact on Tax Incentives and Planning Strategies: Several tax incentives and planning strategies widely utilized in Brazil may be significantly affected, including:
    • SUDENE/SUDAM incentives,
    • Goodwill amortization,
    • Interest on Net Equity (INE),
    • R&D incentives,
    • New government grant tax credit mechanisms.

Por Bruno Santos via Finocchio & Ustra [PT] | Finocchio & Ustra [EN]

Amazon state that will host COP30 strikes “largest carbon credit sale in history”

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A coalition of governments and multinational corporations promises to pay Pará state $180m to save its rainforest

A coalition of developed countries and corporations has agreed to a massive purchase of carbon credits from the Amazon rainforest worth $180 million, which has been described as the largest in history.

The LEAF coalition, an initiative launched in 2021 seeking to mobilise finance for forest protection, announced the agreement this week with the Brazilian state of Pará.

The state, which will host the COP30 climate summit next year in the city of Belém, last year recorded the highest Amazonian deforestation rate in the country. Around 170,000 sq. km, an area the size of Uruguay, was destroyed.

Announcing the carbon credit initiative in New York, Pará State Governor Helder Barbalho told international press that the deal – which allocates a portion of the funds to indigenous and local communities – is “extraordinary”.

“It will be the largest carbon credit sale in history,” Barbalho said in a statement. “We dream of making living forests valuable, turning what dead forests need into a reality where the forest gains value.”

Funds for rainforests

Around 30 multinational corporations including Amazon, Bayer, BCG and H&M Group will purchase the credits from the project at $15 per tonne. The governments of the UK, US, Norway and South Korea will also back the deal with purchase guarantees, promising to buy a chunk of the credits at $15 per tonne if no private-sector buyer is found for them.

LEAF expects to generate around 12 million forest credits by reducing deforestation in Pará from 2023 to 2026. The coalition has already established smaller projects in Costa Rica and Ghana, which sold credits at a lower price of $10 per tonne.

Close monitoring

If successful, the LEAF Pará initiative could become a “role model” for forest protection in the Amazon, but this will require evidence that it is changing the state’s emissions trajectory, said Mariana Oliveira, manager of the Forests, Land Use and Agriculture Program at WRI Brasil.

“Given the nature and structure of the transaction, it will be necessary to closely watch the interventions to be sure that there is a link between the revenue from carbon credits and the interventions,” Oliveira told Climate Home News.

Since 2020, Pará state – the second-largest in the Brazilian Amazon – has committed to an emissions reduction strategy aiming to restore around 5 million hectares of forests and achieving net-zero forest emissions by 2036. The state has also put in place a mandatory tracking system for all cattle and buffalo supply chains. After a slight rise in 2021, Pará’s deforestation fell in 2022 and 2023.

Read the full article

Via Climate Change News

 

TozziniFreire atualiza seu guia Doing Business in Brazil

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A versão 2024-2025 do guia já está disponível para apoiar investidores estrangeiros interessados no mercado brasileiro

TozziniFreire Advogados acaba de disponibilizar a nova versão de seu guia interativo Doing Business in Brazil. Dividido em áreas-chave de atuação, o material apresenta um panorama geral do sistema jurídico e de investimentos do Brasil, trazendo as principais oportunidades, tendências e aspectos a serem considerados pelos investidores estrangeiros, como modelos e veículos de investimentos, impostos e leis trabalhistas.

O conteúdo também destaca o ambiente dos mercados financeiros e de capitais, transações de fusões e aquisições e outras áreas jurídicas relevantes, como antitruste, compliance, disputas, bem como setores econômicos específicos que, direta ou indiretamente, são relevantes para investimentos estrangeiros como seguros, imobiliário, comércio internacional e aspectos ESG.

A novidade deste ano é que, além do site do escritório, para acessar a edição atualizada do guia, TozziniFreire preparou um hotsite especial para a IBA 2024, com todas as informações sobre o escritório, sua delegação e o Doing Business in Brazil que pode ser baixado por potenciais investidores estrangeiros que queiram aprender e examinar o ambiente de negócios e o sistema jurídico brasileiro.

Saiba mais

Via TozziniFreire

 

Arquitetos Voluntários lançam Missão Reconstrução RS para recuperar creches, escolas e abrigos atingidos pelas enchentes

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Seis instituições que atendem mais de 1,2 mil crianças já estão sendo beneficiadas pelas ações do grupo

Associação que reúne mais de 130 profissionais multidisciplinares, a Arquitetos Voluntários está lançando a Missão Reconstrução RS, uma iniciativa voltada à recuperação de creches, escolas infantis e abrigos permanentes não governamentais localizados em áreas impactadas pelas enchentes no Rio Grande do Sul. Juntas, as primeiras seis instituições selecionadas para serem revitalizadas – cinco escolas infantis de Porto Alegre e uma ONG de Taquara, no Vale do Paranhana – atendem mais de 1,2 mil crianças. “Estamos trabalhando para criar ambientes mais seguros e acolhedores, transformando esses espaços que foram danificados pelas enchentes em refúgios de esperança”, destaca a arquiteta e diretora operacional dos Arquitetos Voluntários, Bianca Russo.

Em Porto Alegre, o grupo já está atuando na Escola Marista Menino Jesus (bairro Floresta), no Centro de Educação São Vicente de Paulo (São Geraldo) e nas Escolas de Educação Infantil Vitória (Humaitá), Mário Frigo (Farrapos) e Nossa Senhora dos Navegantes (São Geraldo). Em Taquara, o grupo trabalha na revitalização da sede da ONG Vida Breve, que oferece oficinas de arte, cultura e educação para crianças e jovens. A recuperação dos espaços inclui diversas ações, como pintura, troca de pisos e revestimentos, melhorias nos sistemas de iluminação, além da instalação de novos móveis e equipamentos. Essas medidas visam criar ambientes renovados e mais confortáveis para todos.

Trabalho especializado

O trabalho é realizado de forma voluntária, financiado por doações direcionadas exclusivamente para a reconstrução das escolas, creches e abrigos. Além de Porto Alegre, as operações se concentram nas regiões Metropolitana, Serra e dos Vales. A seleção dos locais que serão revitalizados é conduzida pelo Grupo de Mapeamento dos Arquitetos Voluntários, que inicialmente identifica se os empreendimentos estão em áreas suscetíveis a novas inundações e, em um segundo momento, faz uma análise, in loco, para verificar a viabilidade da intervenção.

Os critérios de seleção incluem estar fora de áreas de proteção permanente, possuir documentação regularizada, ter sido afetado pelas enchentes e não apresentar comprometimento estrutural. “Vamos juntos ajudar a reconstruir o Rio Grande do Sul. Cada gesto de solidariedade faz a diferença e nos enche de esperança. Vamos transformar essa dor em ação”, afirma a arquiteta e urbanista Monique Fontes, diretora de comunicação do grupo.

Instituições que atendam a esses critérios podem contatar os Arquitetos Voluntários pelo e-mail, fone, etc.

Sobre os Arquitetos Voluntários

O coletivo Arquitetos Voluntários foi criado por sete arquitetos, em 2020, com o objetivo de construir espaços de acolhimento e descompressão destinados aos profissionais da linha de frente do combate à Covid-19. Durante a pandemia, o projeto arrecadou R$ 4,5 milhões em doações de insumos que beneficiaram mais de 22 mil profissionais da saúde em Porto Alegre, na Região Metropolitana, na Serra e em São Paulo. Mais de 300 empresas apoiaram a iniciativa, contribuindo com recursos financeiros, produtos, materiais e mão de obra.

Diante da catástrofe climática que devastou o Rio Grande do Sul em maio de 2024, o grupo retomou as ações por meio da Missão Reconstrução RS. Nesta nova etapa de atuação, o foco dos Arquitetos Voluntários está na reforma de creches, escolas infantis e abrigos permanentes não governamentais atingidos pelas enchentes. Atualmente, o coletivo conta com mais de 130 voluntários multidisciplinares e desenvolve suas atividades com recursos provenientes de doações de pessoas físicas e empresas.

Read the full article

Via Arquitetos Voluntários

The Inflight Wi-Fi Revolution Now Arriving: United Signs Starlink Deal to Provide Industry-Leading Connectivity in the Sky – For Free

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United today set a new standard of inflight connectivity by signing the industry’s largest agreement of its kind with SpaceX to bring Starlink’s fast, reliable Wi-Fi service to the airline’s mainline and regional aircraft fleet, for free.

United customers will soon enjoy the same high-speed, low-latency internet service in the air that they enjoy on the ground. The new, gate-to-gate connectivity will unlock game-changing experiences in the sky at scale that no other major U.S. airline provides like access to live TV and streaming services, social media, shopping, gaming and more, on seatback screens and personal devices simultaneously.

United expects to have Starlink on all United aircraft – more than 1,000 planes – over the next several years. Testing begins in early 2025 with the first passenger flights expected later that year.

Starlink service on United aircraft will be free.

Leveraging advanced satellites with its deep experience in both spacecraft and on-orbit operations, Starlink is engineered by SpaceX and delivers internet access around the world, including over oceans, polar regions and other remote locations previously unreachable by traditional cell or Wi-Fi signals. United is the largest airline across both the Atlantic and Pacific and will be the first carrier in the world to commit to offering Starlink service at this scale.

United’s new Starlink Wi-Fi service will include experiences like:

  • Live streaming: access personal streaming services and watch live TV, shows and movies without buffering, lag or the need to download content in advance.
  • Workplace productivity: download/upload documents and edit shared files in real-time.
  • Gaming: play live games and follow along on live gaming streaming services.
  • E-Commerce: shop online, schedule grocery delivery and make restaurant and travel reservations all from the comfort of your seat.
  • Multiple devices: connect multiple devices at once, under one user.
  • Live support with the United app: download the United app while inflight to get real-time info about connections and access customer support from a real agent through Agent on Demand.

In addition to using Starlink connectivity on personal devices, United customers also will have access on their seatback screens. United has nearly 100,000 seatback screens across its fleet, with plans to grow these numbers as the airline continues to take delivery of new airplanes and retrofit existing aircraft with its new United signature interiors. The inflight content is available in more than 20 different languages.

In addition to seatback screens in every seat, United’s new signature interior also includes Bluetooth connectivity, power in every seat, larger overhead bins with room for everyone’s rollaboard and LED lighting.

The new service will also benefit United’s frontline employees – United pilots, flight attendants, technicians and gate agents all use mobile devices to help run the operation and serve customers. As United rolls out the Starlink more broadly, it will give those teams the same rich capabilities in the air, as they have on the ground including when working in remote location or when traditional services might be impacted like during power outages or natural disasters.

Read the full article

Via United Airlines

Mercado das bets começa 2025 com nova regulamentação

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Em 2025, as empresas de apostas também precisarão pagar por uma licença para operar negócios de apostas e jogos online no País.

O mercado de apostas on-line foi autorizado no Brasil em 2018, final do governo Temer. A previsão para regulamentação era de dois anos. No governo Bolsonaro o assunto não avançou, mas em 2023 ele voltou à mesa. Antes, as empresas podiam explorar o mercado brasileiro, mas não podiam estar no país.

Licença

A Lei 14790, de 29 de dezembro de 2023, estabeleceu impostos e uma taxa de 12% sobre o faturamento das bets. O valor da licença é de R$ 30 milhões e permite a exploração do mercado por cinco anos, com até três marcas diferentes por empresa.

O governo vai arrecadar, a partir de 2025, com cerca de 100 empresas já cadastradas, um valor estimado em mais de R$ 3 bilhões. Segundo especialistas, a cobrança irá gerar receita relevante das bets que hoje vai tanto para o bolso dos empresários quanto para os investimentos em marketing. A expectativa é de que o mercado passe a se profissionalizar.

Multas

A multa para quem explorar o mercado brasilero sem o pagamento da outorga é pesado: R$ 2 bilhões. A barreira de entrada financeira para o mercado nacional foi imposta pela Secretaria de Prêmios e Apostas do Ministério da Fazenda em maio deste ano. As empresas têm até 31 de dezembro de 2024 para se adequarem às novas regras. Também será preciso ter R$ 5 milhões de garantia em caixa.

Leia a reportagem completa

Por Vinicius Bilhar via Grupo A Hora

Brazil’s Modern Logistics looks to US, Mexico, M&A for expansion

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Brazilian cargo company Modern Logistics expects to enter the U.S. and Mexican markets in the next few months as it puts in place an expansion strategy that will include looking at merger and acquisition opportunities in the short to mid-term

Why It’s Important

Modern is a big player in the fast-growing cargo market in Latin America’s largest economy, which has been boosted in recent years by e-commerce and infrastructure investments.

Restructuring

Established in the 2010s by former Azul (AZUL.N) executives, Modern underwent a restructuring last year that saw former FedEx (FDX.N) executive Cristiano Koga appointed as CEO.

The firm is backed by asset manager DXA and private-equity firm H.I.G. Capital. It has invested some 300 million reais ($53.58 million) over the past year to get new aircraft and enhance distribution centers, Koga told Reuters.

Expansion

Modern, whose main hub is the Viracopos airport near Sao Paulo, started flying to Chile, Ecuador, Colombia, Argentina and Uruguay in August and aims to enter Mexico and the U.S. in 2025.

The ongoing expansion, whose first phase was organic, includes possible mergers or acquisitions both in Brazil and abroad in the next 18 to 24 months, Koga said.

An initial public offering (IPO) or strategic merger could be ultimate goals but would depend on market conditions.

Additional Context

The size of Brazil’s freight and logistics market is estimated at $105.5 billion and expected to reach $140.7 billion by 2030, according to research firm Mordor Intelligence.

Other major logistic operators there include the cargo divisions of traditional airlines Azul, LATAM (LTM.SN) and Gol (GOLL4.SA), as well as Total, Jadlog and Braspress.

Modern currently operates four Boeing (BA.N) 737 aircraft, including two next-generation 737-800 added over the past year, and has options to add more, Koga said.

Reporting by Gabriel Araujo via Reuters

DLA Piper advises lenders in US$10.7 million loan to Nordic Solar for solar PV plant

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DLA Piper advised Belgian Investment Company for Developing Countries SA/NV and EDFI Management Company SA on the negotiation and execution of a US$10.7 million loan agreement with Nordic Solar, governed by New York law, for the construction of a 14MW solar PV plant in Nicaragua.

Nordic Solar is a Special Purpose Vehicle (SPV) set up for the San Isidro project, which will improve the availability of electricity and increase the reliability of the permanent electricity supply, especially during the dry season when hydropower provides less electricity. The project will contribute to the supply of clean, sustainable, and affordable electricity, producing over 33GWh of clean energy annually, equivalent to the electricity used by 58,000 people.

The cross-border DLA Piper team included partner Margarita Oliva Sainz de Aja (New York) and associates Ruben Fernandez Agramonte (Puerto Rico) and Daiana Suk (New York Law Desk, Buenos Aires).

In 2023, DLA Piper was ranked in the “Renewable/Alternative Power” category by The Legal 500 US and was ranked by The Legal 500 Green Guide as a “Featured Law Firm.” In addition, for a third consecutive year, DLA Piper’s renewable energy team was named the number one global renewable energy legal advisor by inspiratia.

DLA Piper’s Energy lawyers represent companies, developers, financial institutions and other investors and other participants in the renewable, power, oil and gas, nuclear, energy trading, climate change and water markets.

Via DLA Piper

BB firma compromisso pela diversidade em conjunto com Ministério da Gestão e outras estatais

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Pacto pela Diversidade, Equidade e Inclusão visa promover cultura inclusiva nas empresas públicas

O Banco do Brasil oficializa nesta quarta-feira, 4, em conjunto com outras empresas estatais federais, a adesão ao Pacto pela Diversidade, Equidade e Inclusão (Pacto DEI). Coordenado pelo Ministério da Gestão e da Inovação em Serviços Públicos (MGI), por meio da Secretaria de Governança das Estatais, o acordo tem como objetivo o aprimoramento de políticas públicas e implementação de ações afirmativas que promovam pluralidade nas empresas públicas. A cerimônia de assinatura acontece no auditório do Edifício Petrobras, em Brasília, com a presença de representantes do Governo Federal e das entidades signatárias.

Pelos termos do acordo, essas empresas se comprometem a contribuir para a construção de uma sociedade mais justa, impactando de forma positiva e significativa na vida das pessoas; promover o bem-estar das pessoas, criando melhores condições de trabalho, incluindo a preservação da saúde física e mental; combater qualquer tipo de discriminação, tendo o respeito e a valorização das diferenças como base de todas as relações; valorizar a cultura inclusiva, estabelecendo ambientes com segurança psicológica, além de fortalecer a cooperação na busca de soluções, otimizando esforços e recursos.

Diversidade no BB

O Banco do Brasil é embaixador de três movimentos ligados ao Pacto Global das Organização das Nações Unidas (ONU) no Brasil, e que promovem ações de equidade racial e de gênero, trabalho decente e crescimento econômico: Elas Lideram 2030, Raça é Prioridade e Salário Digno.

Recentemente, o BB renovou seus 12 Compromissos BB 2030 para uma Mundo + Sustentável, que abrange temas como diversidade, com o objetivo de alcançar 30% de mulheres em cargos de liderança até 2025 e 30% de pretos, pardos, indígenas e outras etnias sub-representadas em cargos de liderança até 2025.

Além disso, o BB é a empresa com maior peso no IDiversa, sendo selecionado para compor o primeiro índice latino-americano da B3 pelo segundo ano consecutivo. O iDiversa reconhece companhias com ações de destaque em diversidade de raça e gênero. O BB é a empresa com maior peso neste índice.

Saiba mais em: bb.com.br/diversidade.

Leia a reportagem na íntegra

Via Banco do Brasil

 

 

 

Brazil National Day

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PRESS STATEMENT

ANTONY J. BLINKEN, SECRETARY OF STATE

SEPTEMBER 7, 2024

On behalf of the United States of America, I send my warmest greetings to Brazil on the 202nd anniversary of your independence.

The bond between the United States and Brazil, developed over two centuries, is founded on our shared values and interests.  Together, we seek to combat climate change, conserve biodiversity, strengthen democratic institutions, and harness technology to leave a cleaner and more sustainable planet for generations to come.  We are working together on clean energy, decarbonization and critical mineral supply chains, and fighting together for the rights of workers and the economic betterment of all.  Both the United States and Brazil are strengthened by our diversity, and we are proud to work together to expand social inclusion and eradicate racial and ethnic prejudice and discrimination in our countries and around the world.  May the years ahead continue to strengthen our bonds and our shared democratic values.

The United States wishes the people of Brazil a joyous celebration of your Independence Day.

Via U.S. DEPARTMENT of STATE

See statement here

 

Brazil strengthens DPI and digital ID push to boost economic growth ahead of G20

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Brazil is advancing in its efforts to strengthen its public digital infrastructure. The goal? To improve access to digital services, enhance economic growth, and promote social inclusion. Recent initiatives highlight the country’s commitment to building a robust digital ecosystem, leveraging technologies to streamline government services and empower its citizens.

Expanding digital identity

At the heart of Brazil’s digital transformation is the Gov.br platform, a digital identity system that enables citizens to access a range of government services online. The platform provides a single sign-on offering that consolidates various government services into a unified digital identity, with the aim of simplifying the interaction between the government and its citizens.

According to a report by CSIS, it was developed to unify the ID systems of Brazil’s 27 states and ensure their interoperability, as well as to streamline other identification processes.

Tariq Malik, technical advisor digital public infrastructure, digital ID ID4D at the World Bank, recently highlights Brazil’s achievements on LinkedIn, noting: “With impressive registration rates exceeding 90 percent for adults and 98 percent for children under 5, Brazil has achieved remarkable milestones in population registration through its Legal ID and Digital ID initiatives.”

To support its DPI goals, the Brazilian government has recently introduced a new legal framework through Decree No. 12,069 that outlines the objectives for the country’s digital transformation, emphasizing the need for interoperability, data protection, and cybersecurity. It provides a regulatory basis for the Gov.br platform and other digital public infrastructure initiatives, in a bid to ensure that these systems operate in accordance with international best practices.

Brazil’s role in the digital landscape

Brazil’s efforts to enhance its digital public infrastructure are not just focused on domestic benefits. The country is positioning itself as a leader in digital transformation within the Global South. The CSIS report suggests that Brazil is setting an example for other developing countries by building inclusive and resilient digital ecosystems.

Brazil’s approach to digital transformation also comes as the country prepares to host the upcoming G20 summit on November 18th and 19th, 2024, in Rio de Janeiro. The country declared DPI as one of the four priorities of the G20 digital economy working group, a report by Brookings suggests. This presents an opportunity for the country to showcase its digital achievements and advocate for a global consensus on digital governance and data management.

Read the full article

Via Biometric Update

DLA Piper announces new office leadership

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DLA Piper is pleased to announce changes to its office leadership in Atlanta, Baltimore, Boston, and Mexico City.

Jamie Konn has been named Office Managing Partner in Atlanta. Jamie is a labor and employment partner with a comprehensive practice that includes advising private equity and corporate clients during transactions, litigating employment disputes, and counseling on labor-management issues.

Ellen Dew is now Office Managing Partner in Baltimore. Ellen is a commercial litigator whose practice focuses on complex commercial disputes and reputational defense. She was previously the office’s co-Office Managing Partner.

Eric Christofferson has been named Office Managing Partner in Boston. Eric has extensive experience as a trial, litigation, and investigations lawyer with a focus on the life-sciences, healthcare, and financial services sectors.

Mauricio Valdespino and Edgar Romo are now the co-Office Managing Partners in Mexico City. Mauricio focuses on mergers and acquisitions and private equity, while Edgar has deep experience in debt finance, project finance and infrastructure.

“Our regional leaders will continue to collaborate to provide our clients with forward-thinking, innovative service across geographies,” said Frank Ryan, DLA Piper’s Global Co-Chair.

“DLA Piper’s global platform and reputation for outstanding client service continues to fuel the firm’s ongoing efforts to integrate services across the Americas,” said Rick Chesley, the firm’s Global Managing Partner.

Via DLA Piper

Projeto que cria ‘Combustível do Futuro’ volta à Câmara

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Programa prevê incentivos de fomento à descarbonização do setor de combustíveis, incluindo um novo mandato para o diesel verde

O Senado Federal aprovou por ampla maioria na quarta-feira (4) o projeto de lei que estabelece o programa Combustível do Futuro e prevê incentivos de fomento à descarbonização do setor de combustíveis, incluindo um novo mandato para o “diesel verde“, além da promoção do biometano.

O projeto também cria programas nacionais de diesel verde, de combustível sustentável para aviação, além de prever um aumento da mistura de etanol anidro na gasolina e de biodiesel no diesel fóssil, dentre outras iniciativas.

No entanto, como sofreu alterações, o texto ainda terá de retornar para nova votação na Câmara, antes de seguir para sanção presidencial.

Apresentada pelo Ministério de Minas e Energia (MME) e já aprovada pelos deputados, a proposta representa um avanço significativo nas políticas de incentivo ao uso de combustíveis renováveis e busca promover uma matriz energética mais sustentável no Brasil.

Mistura no combustível

A medida estabelece ainda novos percentuais mínimos e máximos para a mistura do etanol à gasolina C e do biodiesel ao diesel, vendidos aos consumidores em postos do país.

Já em relação ao bioemetano, ficou estabelecido que o Conselho Nacional de Política Energética (CNPE) definirá metas anuais para incentivar o uso do insumo pelo setor de gás natural. As metas de redução de gases de efeito estufa pelo setor entrarão em vigor em janeiro de 2026, com valor inicial de 1% e não poderá ultrapassar 10%.

Diesel verde

No caso do diesel verde, o CNPE fixará, a cada ano, a quantidade mínima a ser adicionado ao diesel vendido ao consumidor final. Inicialmente essa quantidade mínima seria fixada pelo CNPE somente até 2037.

O diesel verde ainda não é produzido no Brasil. Apesar de também ser obtido a partir de óleos ou gorduras, pode ser utilizado em motores do ciclo diesel sem adaptações.

Leia a reportagem na íntegra

Via Forbes Brasil

1° Concurso de Histórias de Imigrantes Brasileiros nos Estados Unidos: “Histórias Inacreditáveis”

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A Imigra Foundation, uma organização sem fins lucrativos dedicada ao apoio dos imigrantes brasileiros nos Estados Unidos, tem o prazer de anunciar a realização do 1° Concurso de Histórias de Imigrantes Brasileiros nos Estados Unidos, intitulado “Histórias Inacreditáveis”

O concurso será realizado entre os meses de setembro e outubro de 2024 e convida todos os brasileiros com mais de 18 anos que vivem nos EUA a compartilharem suas experiências únicas e inspiradoras.

O evento se propõe a criar uma plataforma de integração, permitindo que os participantes revelem suas histórias reais e emocionantes que refletem a rica tapeçaria cultural da comunidade brasileira no exterior.

Com cerca de 2 milhões de brasileiros residindo nos Estados Unidos, o concurso promete ser um elo significativo para fortalecer os laços entre os imigrantes e celebrar suas contribuições econômicas, sociais e culturais.

Os participantes devem enviar suas histórias em formato de áudio ou vídeo, com duração máxima de 3 minutos. Cada narrativa será avaliada com base em critérios como originalidade, humor, clareza e impacto. Os três melhores áudios receberão premiações em dinheiro, sendo $1,000 para o 1º lugar, $500 para o 2º lugar e $300 para o 3º lugar.

As inscrições acontecerão do dia 1 ao dia 30 de setembro e devem ser feitas através do site oficial do concurso.

Após a fase de seleção, as 3 histórias mais impactantes serão animadas em motion, proporcionando uma experiência visual ao público. Uma votação aberta irá determinar a história vencedora, que será divulgada nas redes sociais e no site oficial da Imigra Foundation.

Este concurso não apenas destaca a rica cultura brasileira, mas também promove a inclusão e o empoderamento da comunidade imigrante, criando laços que transcendem fronteiras.

A Imigra Foundation espera que essa iniciativa não só sirva como um meio de expressão, mas também como uma ponte que liga os brasileiros nos EUA com aqueles em sua terra natal.

Para mais informações sobre o concurso ou sobre como participar, entre em contato com a equipe da Imigra Foundation através do email projects@imigrafoundation.org ou pelo WhatsApp +1(347)870-4216.

Visite também o site oficial da organização em www.imigrafoundation.org.

IPTI [US] 2024 NY Dinner: 9th Edition

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The Brazilian-American Chamber of Commerce is pleased to share that on Monday, October 7, 2024, IPTI [US] will host its “2024 NY Dinner: 9th Edition,” an exclusive fundraising event to support sustainable socioeconomic development within Brazilian communities through The Human Project (THP) and Rede Synapse (RPS).

The event will honor the Brazilian-American Chamber of Commerce, represented by President & Chairperson of the Board William Landers, and will feature a musical performance by Brazilian singer Denise Reis.

Individual tickets and tables for IPTI’s “2024 NY Dinner: 9th Edition” can be purchased directly through IPTI at https://2024NYdinner.givesmart.com or click on the event page.

We hope you join this celebratory night out honoring the Brazilian-American Chamber of Commerce as we support sustainable growth in Brazil!

Hope Gala 2024: An Evening of Inspiration and Life-Saving Impact with The Icla da Silva Foundation

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The Brazilian-American Chamber of Commerce is proud to partner with The Icla da Silva Foundation in support of “Hope Gala 2024,” an inspirational evening dedicated to saving lives

Founded in 1992 by a Brazilian family fighting to save their 13-year-old daughter, The Icla da Silva Foundation has since become the only Brazilian-led non-profit in the United States dedicated to supporting patients with blood cancer and sickle cell disease.  Since its inception, the organization has added over 500,000 donors to the bone marrow registry, offering hope to countless patients.  In the last two years alone, The Icla da Silva Foundation has provided more than 3,500 hours of emotional support and $1 million in critical funding to help patients on their journies to receive life-saving bone marrow transplants.

Join The Icla da Silva Foundation for an unforgettable evening filled with inspiration, entertainment, and philanthropy as we come together to support this essential cause.  Your presence will make a meaningful difference in the lives of those in need.

For more information and/or to reserve tickets, please visit www.iclagala.org or click on the event page.

 

Embaixadora dos EUA prevê recorde de vistos para brasileiros e promete emissão mais rápida

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Elizabeth Bagley falou também sobre rivalidade entre EUA e China: “Não estamos pedindo que o Brasil escolha”

A embaixadora dos Estados Unidos no Brasil, Elizabeth Bagley, afirmou à CNN que a emissão de vistos americanos para brasileiros registrou um número recorde em 2023 e deve ter novo aumento em 2024.

No ano passado, os consulados americanos carimbaram o passaporte de 1,1 milhão de visitantes do Brasil. No primeiro semestre deste ano, foram 675 mil vistos — alta de 17% na comparação com o mesmo período de 2023.

“Estamos comprometidos em tornar [esse processo] mais rápido e eficiente”, disse a embaixadora, mencionando ações como aumento dos funcionários consulares e renovações de vistos sem a necessidade de entrevistas.

Ela falou também sobre a crescente rivalidade geopolítica entre EUA e China, deixando claro um ponto: “Não estamos pedindo que o Brasil, ou qualquer outro país, escolha [entre um e outro]”.

Leia a entrevista completa

Via CNN Brasil

 

 

Amazon Day: A Celebration of the Brazilian Amazon in New York

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New York City will soon host a vibrant and immersive celebration of the Brazilian Amazon with Amazon Day, an event dedicated to highlighting the rich culture, biodiversity, and artistic expression inspired by the Amazon rainforest.

The event will take place in Manhattan on September 5th, from 3 PM to 8 PM.

Amazon Day offers a unique experience, blending gastronomy, art, and technology to bring the wonders of the Amazon to New York. Visitors will have the chance to savor the authentic flavors of the Amazon through a curated culinary experience, while also exploring an exhibition of products native to the region.

One of the highlights of the event will be a 360º Virtual Reality experience, allowing attendees to immerse themselves in the breathtaking beauty of the Amazon rainforest without ever leaving New York. Additionally, there will be an exhibition of eco jewelry inspired by the natural elements of the rainforest, providing a glimpse into sustainable fashion.

Visual artist Pierre Britt will also showcase his artwork, which draws inspiration directly from the Amazon’s landscapes and vibrant ecosystems. His pieces aim to evoke the beauty and fragility of this vital region.

In a special live chat, guests will have the opportunity to connect with the Baré Indigenous People directly from the heart of the Amazon rainforest, gaining firsthand insights into their culture and the challenges they face in preserving their land.

The event will be accompanied by music that captures the essence of the Amazon, creating an atmosphere that celebrates the connection between nature, culture, and creativity.

For more information and to RSVP, send an email to gpdsfx@gmail.com or access the official Instagram account.

Don’t miss this opportunity to experience the spirit of the Amazon right in the heart of New York City!

 

Brazilian Ministry of Finance issues new ordinances on fixed-odds betting

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Secretariat of Prizes and Betting publishes five new ordinances regulating issues such as online gaming, responsible gaming, operators’ and players’ rights and duties, inspections, penalties and taxes

On July 31 and August 1, 2024, the Brazilian Ministry of Finance’s Secretariat of Prizes and Betting (SPA) published five separate ordinances with supplementary rules for fixed-odds betting operators. With the publication of these five ordinances, the regulatory agenda established in April 2024 has now been finalized.

Online games

Ordinance SPA/MF No. 1,207/2024 establishes technical requirements for fixed-odds betting operators in regard to online games and live gaming studios.

The games the ordinance regulates are those that allow for multiple bets, line games, crash games, card games, blackjack, roulette, sports or racing games, and ball and number draws.

Responsible gaming, advertising and players’ rights and obligations

SPA/MF Ordinance No. 1,231/2024 establishes guidelines to ensure fixed-odds betting is run, promoted and advertised in a healthy and socially responsible way, preventing and mitigating individual or collective harm. In addition to establishing a responsible gaming policy, betting operators must (among other obligations):

  • Promote awareness of the risks of gambling addiction, pathological gambling disorders and restrictions on gambling for minors;
  • Allow the player to adopt a sensible betting limit (based on time elapsed, financial losses, total amounts deposited or number of bets), as well as request self-exclusion;
  • Suspend players at high risk of addiction and pathological gambling disorders from using the betting system.

Monitoring and inspection

Ordinance SPA/MF No. 1,225/2024 regulates how the activities of the fixed-odds lottery and betting operators are monitored and inspected.

The ordinance defines the activities of continuous monitoring and inspection – including remote and on-site inspections – to ensure compliance with laws and regulations, in addition to establishing preventive and precautionary measures to eliminate or reduce identified risks.

Sanctions

Ordinance SPA/MF No. 1,233/2024 regulates the sanctions framework for commercial fixed-odds betting. This ordinance outlines the relevant administrative procedures, including notifications, deadlines, defense and appeals.

The SPA’s Undersecretariat of Monitoring and Inspection will initiate, oversee and analyze the administrative sanctioning proceedings, which will then be sent on to the SPA’s Undersecretary of Sanctions to make a first-instance decision.

The applicable penalties include official warnings, fines, cancellation of authorization to operate, and bans on participating in public bids, among others. The ordinance establishes criteria for calculating sanctions, precautionary measures, recidivism, and the possibility of signing a commitment agreement.

Distributing proceeds from collected taxes

SPA/MF Ordinance No. 1,112/2024 determines that transfers for tax payments made to the Brazilian Treasury’s Single Account (Conta Única) must be made with a Federal Revenue Collection Document (DARF). The ordinance establishes the applicable codes for each transfer. Betting operators are responsible for filling out the revenue codes correctly on the DARF.

The allocations contemplate proceeds resulting from all types of fixed-odds bets (virtual or real-world) linked to both real sports-themed events and virtual online gaming events.

Betting operators must keep documentation of their transfers to the Treasury and legal beneficiaries and make it directly available to the SPA for up to five years. Operators are subject to civil, administrative and criminal liability if they fail to make these transfers.

Learn the full article

Via Mattos Filho

Leandro Corrêa is a new partner at Cescon Barrieu

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We are proud to announce that Leandro Corrêa has been elected partner in a move that will further strengthen our Corporate Law and M&A practices.

He has vast experience in complex mergers and acquisitions transactions across various industries, such as energy, finance and agribusiness. Leandro is known for his technical expertise and negotiation skills and his return to our firm after working in the U.S. will enhance our capabilities to provide services of the highest excellence to our clients in practice areas that we are a market reference.

We wish a lot of success to the new partner of CesconBarrieuTeam!

Via Cescon Barrieu Advogados

Celebrating Black Brazilian Excellence: Alcione, Larissa Luz, and DJ Nyack at the 28th Inffinito Brazilian Film Festival

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Alcione / Larissa Luz / DJ Nyack / Film screening: “Gerson King Combo”

For this celebration in association with 28th Inffinito Brazilian Film Festival, Black woman artists take center stage to showcase Brazilian music. Headlining is the legendary singer Alcione, known as The “Queen of Samba” one of the most successful samba singers in Brazil with 19 records that went gold and certified platinum five times.

Supporting is the Latin GRAMMY-nominated singer, Larissa Luz, a self-identifying Afro-punk artist with an ethos rooted in Afrofuturism. She also gained national Brazilian recognition as an actress, starring as Brazilian legend Elza Soares in the musical Elza and as a TV host of a popular talk show. DJ Nyack will be on the decks.

The night will include a screening of the documentary Gerson King Combo, about the legendary singer and songwriter Gerson Cortez, known as the “Brazilian James Brown” for his magnetic personality and legacy for Black Brazilian people.

This program is supported by public funds from the Consulate General of Brazil in New York.

Date: Thursday, August 22, 2024

Time: 6:00 pm – 10:00 pm (Doors open 5:00 pm)

Location: SummerStage, Central Park – Rumsey Playfield, Manhattan, 10021

Click here for more information.

Brazil’s Bradesco eyes more partnerships to grow agri lending after Deere deal

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Brazilian bank Bradesco BBDC3.SA wants to form new partnerships with banks, equipment producers and agriculture cooperatives to expand lending to the agribusiness sector, which currently covers less than 15% of its total credit portfolio.

Last Friday, Bradesco – one of Brazil’s largest private lenders – announced it was acquiring a 50% stake in Banco John Deere Brasil, an arm of Deere & Co DE.N, through a capital increase.

The deal, which is pending regulatory approvals, did not imply exclusivity, according to Bradesco’s agribusiness director, and may be followed by other agreements, both with local and international businesses.

“This is a very relevant sector and we will continue to look for other transactions,” Roberto França told Reuters.

The partnership with John Deere, and others that may come, will help Bradesco expand its footprint in agribusiness by increasing loans as well as the sale of other services, including insurance products, to the enlarged customer base, according to the executive.

Currently, Bradesco’s total lending to the agribusiness sector is about 120 billion reais ($22 billion), or 13% of the bank’s credit portfolio of about 912 billion reais.

While the bank has not set specific targets, França sees room for a substantial increase in lending, considering that agribusiness makes up for close to one third of Brazil’s gross domestic product.

Bradesco said last Friday that the investment in John Deere would not negatively impact its capitalization ratio.

The bank, however, did not disclose the transaction value.

Read the full article

Reporting by Luciana Magalhaes; Editing by David Holmes via Reuters

 

Seis anos depois, o que mudou com a LGPD no Brasil?

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Especialistas apontam avanços na forma como as empresas lidam com dados pessoais, no entanto, reforçam o desafio do letramento da população no tema

Há seis anos, o Brasil deu um passo significativo na proteção dos direitos fundamentais de seus cidadãos com a promulgação da Lei Geral de Proteção de Dados Pessoais (LGPD), que surgiu em resposta à crescente necessidade de regulamentar informações pessoais em um mundo cada vez mais digital. Passado o período de adaptação das empresas, muita coisa mudou não só no tratamento dos dados, em si, mas principalmente na educação das pessoas em relação ao uso de seus dados.

Em entrevista à Forbes Brasil, Solano de Camargo, presidente da Comissão de Privacidade, Proteção de Dados e Inteligência Artificial da OAB SP, diz que “a LGPD representou um marco significativo na busca por um ambiente mais seguro para os dados pessoais no Brasil”. No entanto, sua implementação revelou lacunas e desafios que comprometem sua eficácia.

“Apesar da existência da LGPD, muitos brasileiros ainda não têm pleno conhecimento de que seus dados pessoais são protegidos. Isso se deve, em grande parte, à falta de iniciativas eficazes por parte do poder público para educar a população sobre seus direitos. Como resultado, muitos brasileiros continuam expostos a golpes, como as vaquinhas virtuais fraudulentas e outros tipos de golpes que se sucedem na internet e nas redes sociais, sem saber que poderiam ter maior proteção e reparação jurídica”, explica Solano.

Dentre os principais impactos da LGPD, segundo Henrique Flôres, cofundador da Contraktor, é possível destacar a necessidade de adoção de medidas técnicas e administrativas com a finalidade de segurança da informação e vulnerabilidades cibernéticas. “Os direitos protegidos do titular demandam consentimento explícito do mesmo e as empresas, conhecidas como agentes de tratamento, ficam incumbidas de realizar a prestação de contas, prezar pela responsabilidade e pela transparência total acerca da coleta, armazenagem e uso de dados pessoais, pois caso contrário ficarão sujeitas à sanções.””

O advogado e especialista em direito digital pela FGV, Lucas Maldonado D. Latini, aponta seis impactos diretos da LGPD:

  1. Maior proteção e controle sobre dados pessoais
  2. Mudança nas práticas das empresas em relação a dados pessoais e segurança da informação
  3. Criação de novos cargos e estruturas
  4. Implicações legais
  5. Alteração das práticas de marketing e publicidade
  6. Fomento à cultura de privacidade da população

     

Para mais detalhes, leia a reportagem na íntegra

Via Forbes Brasil

Voting on bill that legalizes gambling in Brazil could be postponed until October

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Bill 2,234 of 2022, which legalizes casinos, bingo and jogo do bicho in Brazil, may be voted on in the Senate after the municipal elections in October. The decision to postpone it was made during a meeting of leaders this Thursday (8). In order to comply with an agreement with opponents of the topic, the president of the House, Rodrigo Pacheco, put the matter up for thematic debate in the Plenary.

Some points were debated in the special session. The rapporteur, Senator Irajá (PSD-TO), who defends the approval of the bill, presented strong and well-established arguments about the benefits of the activity.

The Secretary of Infrastructure, Credit and Investment in Tourism of the Ministry of Tourism, Carlos Henrique Sobral, also highlighted the importance of approving the bill.

According to Sobral, the expectation, if the proposal becomes law, is that Brazil will generate more than 650,000 jobs with the activity and have an increase of R$74 billion (US$ 13.2bn) in revenue.

“We will have an investment of R$66 billion (US$ 11.75bn), more than 1,000% increase in investment. And the GDP, of 8%, we will reach 9.2% or perhaps double digits, which is our goal. The tendency is, with these destinations with integrated resorts, to achieve economic development, with Las Vegas, Macau and Singapore being emblematic.”

Regarding the decision to postpone, the leader of the opposition, Marcos Rogério (PL-RO), said in a press conference that “on the subject of gaming, the move is for after the [municipal] election.”

The bills for renegotiating the states’ debt, the Proposed Amendment to the Constitution for Amnesty on the debt of political parties and the bill for recharging the payroll are expected to be voted on in the Plenary next week.

It may be on the agenda

Even with the decision to postpone the vote, taken at the leaders’ meeting this Thursday (8), it is still possible that Bill 2,234/2022 will be included on the agenda. In a conversation with GMB, one of the participants in the thematic debate on the bill, stated that in a conversation with Senator Irajá, the rapporteur for the matter, he received information that the Bill could be included, depending on further negotiations with leaders and opponents of the matter.

The purpose of placing the topic on the thematic debate was to make room for the bill to be voted on as quickly as possible. The President of the Senate, Rodrigo Pacheco (PSD-MG), has been stating in his latest statements that the Bill has been in process in Parliament for over 30 years and that the time has come to vote. All that remains is to wait for the negotiations to actually be on the agenda.

Via GMB

Brazil’s service sector beats forecasts, hits record high in June

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Services activity in Brazil grew more than expected in June to hit an all-time high, eclipsing a record that had been set in December 2022, data from statistics agency IBGE showed on Tuesday

The service sector, which accounts for about 70% of all activity in Latin America’s largest economy, grew 1.7% in June from the previous month, IBGE said, exceeding the 0.8% expected by analysts polled by Reuters.

All of the five main groups surveyed by the agency posted positive results in the period, with an 1.8% expansion in transportation notably offsetting a negative reading in the previous month, IBGE said.

“The result is largely due to air transport, driven by a drop in air ticket prices,” IBGE research manager Rodrigo Lobo said.

Services activity was also up 1.3% in June from a year earlier, according to IBGE, again beating the 0.8% expected by economists in the Reuters poll.

The sector now stands 0.5% above the previous record high in the IBGE data series, which had been set in late 2022, the statistics agency added.
“Our assessment indicates that Brazil’s economic activity continues to perform well,” said PicPay economist Igor Cadilhac, highlighting a strong labor market.

Claudia Moreno, economist at lender C6, said that a slowdown in activity as a whole is expected for the second half of the year, “which should make the services sector move sideways.”

She still believes, however, that the sector will contribute to Brazil’s gross domestic product growth in 2024.

Private sector economists expect Brazil’s economy to expand 2.20% this year, according to a weekly central bank survey.

Read the full article

Reporting by Gabriel Araujo and Luana Maria Benedito; Editing by Kirsten Donovan and Andrea Ricci via Reuters

 

BTG Pactual Upgrades Membership to Platinum

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We are thrilled to announce that BTG Pactual, a long-standing partner of the Brazilian-American Chamber of Commerce, has elevated its association from Sponsor to Platinum Member. This significant step enhances our Chamber’s programs and initiatives, allowing us to offer even more value to our members and community. The upgrade marks another milestone in our enduring partnership and highlights BTG Pactual’s ongoing commitment to fostering strong business ties between Brazil and the United States. Stay tuned for the exciting opportunities this partnership will bring.

BTG Pactual is the largest investment bank in Latin America, offering innovative financial solutions across investment banking, wealth management, asset management, and corporate lending. With a robust global presence and a deep understanding of the Brazilian market, BTG Pactual continues to drive economic growth and opportunities for its clients. Their expertise and leadership in financial services make them a key player in advancing the region’s economic landscape.

We are proud to have BTG Pactual as a Platinum Member and look forward to continuing our collaborative efforts to strengthen our business community.

Thank you, BTG Pactual, for your unwavering support and partnership!

Azul terá voos de A320neo de Curaçao para Miami, com extensão da rota saindo de BH

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A Azul Linhas Aéreas está expandido suas opções de voos internacionais, e agora terá uma nova rota, que não tem origem e nem destino no Brasil

A empresa hoje opera dois voos semanais de Belo Horizonte para Curaçao, no caribe holandês, feitos com aeronaves Airbus A320neo. A partir de 9 de dezembro, este voo terá sua frequência dobrada, indo para 4 vezes por semana, sendo que agora o voo não retornará do caribe para Minas Gerais, e sim seguirá para Fort Lauderdale, cidade ao norte de Miami, no estado americano da Flórida.

Desta maneira, no final do ano, o voo sairá de Confins às segundas, quartas, sextas e sábados às 10h40, pousando no Caribe às 15h40. De lá, o jato decola às 16h55 para a Flórida, onde pousa às 19h00.

O voo de retorno será feito no dia seguinte, com saída dos EUA às terças, quintas, sábados e domingos, decolando às 08h00 de Fort Lauderdale, pousando às 11h55 em Curaçao, de onde parte às 13h10 para Belo Horizonte, aterrissando na capital mineira às 20h10.

Leia a reportagem na íntegra.

Por Carlos Martins via Aeroin

Bill establishing legal framework for low-carbon hydrogen signed into law in Brazil

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The tax credit incentive program benefiting the sector was vetoed and will be established by another bill

On August 2, 2024, Law No. 14,948/2024 was signed, establishing the regulatory framework for low-carbon hydrogen production and incentive mechanisms for the sector. The basic text was approved by the Senate on June 19, 2024, and by the House of Representatives on July 11, 2024.

Key Changes to the Bill

During Senate debates, significant changes were made to the definitions of hydrogen categories, the structure of the tax benefit regime, and the creation of a tax credit program. However, proposed changes to Export Processing Zones (ZPEs) and other regimes were not approved.

A crucial point was the accidental removal of the classification of tax credits as CSLL credits during the bill’s consolidation in the House. This led Congress to agree with the government to partially veto the bill and submit the tax credit incentive program (Low-Carbon Hydrogen Development Program – PHBC) as a separate bill (Bill No. 3,027/2024).

Hydrogen Classification

The new law establishes three distinct classifications for hydrogen:

  • Low-carbon hydrogen: Emissions of up to 7 kg of CO2e per kg of H2.
  • Renewable hydrogen: Low-carbon hydrogen derived from natural or renewable sources.
  • Green hydrogen: Produced by water electrolysis powered by renewable energy sources.

National Low-Carbon Hydrogen Policy

The law creates the National Policy for Low-Carbon Hydrogen, with guidelines set by the National Hydrogen Program Management Committee (Coges-PNH2). The Brazilian Agency of Petroleum, Natural Gas and Biofuels (ANP) will be the authority responsible for regulating hydrogen production and movement.

Brazilian Hydrogen Certification System

The law also establishes the Brazilian Hydrogen Certification System (SBCH2), which will certify the level of greenhouse gas emissions associated with hydrogen production. The Rehidro incentive regime suspends certain taxes on local acquisitions and imports for hydrogen projects.

Low-Carbon Hydrogen Program (PHBC) – Vetoed

The PHBC tax credit program, originally included in the bill, was vetoed and will be regulated separately through Bill No. 3,027/2024. This program aims to grant tax credits to projects that contribute to regional development, climate change mitigation, and diversification of Brazilian industry.

The PHBC could grant up to BRL 18.3 billion in tax credits for low-carbon hydrogen sales between 2028 and 2032, with credits allocated through a competitive process yet to be regulated.

For more information, click here.

Via Mattos Filho

G20 establishes partnership with an Indigenous collective in Paraná to produce bulletins in the Guarani Language

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G20 Brasil Communications has established a partnership with the Djagwa Etxa Indigenous Collective to produce radio bulletins in Guaraní covering topics from the main international cooperation forum. This project aims to promote the visibility and preservation of Indigenous languages

The G20 Brasil Communications team has signed another partnership to produce radio bulletins in the Guarani Indigenous language. The first partnership was formalized in May this year with indigenous students from the Federal University of Grande Dourados, in Mato Grosso do Sul. Now, the project will also count on the participation of the Djagwa Etxa Indigenous Collective, made up of members of the Guarani and Kaingang ethnic groups from the municipality of Santa Amélia, in the north of the Brazilian state of Paraná.

The collective was established in 2023 to take part in the Acampamento Terra Livre  (ATL), the largest assembly of Indigenous peoples held since 2004, which takes place in Brasilia every April. Among the members of the collective are Indigenous journalists and communicators such as Iago Queiroz, Paulo Porto, Micael Eliabe, and Ariane Sales, who will be responsible for translating and producing the bulletins in the Indigenous language. The goal is to translate the journalistic content produced by the G20 Communications team into Guaraní and distribute it free of charge to radio stations in Brasil and abroad. The bulletins are available on the websites Rádio Gov, run by the Brasil Communication Company (Empresa Brasil de Comunicação /EBC), and g20.org.

Indigenous communicator Micael Eliabe, from the Guarani Nhandewa ethnic group, explained that the collective was born from the idea of giving visibility to Brazilian Indigenous languages.

Strengthening Indigenous languages

The communicator said that the invitation to produce and record content for the G20 is a vital opportunity to preserve ancestral cultures, traditions, and knowledge. “Participating in some way in the actions of this world forum is a way for us to value and strengthen our languages and their use. At the same time, we are contributing to the development of linguistic and communicative skills of the Indigenous people engaged in the project. It is also a chance to show that indigenous people are not limited to the country’s Northern region, but are also present in the South and in other states. This allows us to have more voice,” he emphasized.

Read the full article

Via G20 Brasil 2024

Curso Semipresencial “Filosofia para Viver” com Lúcia Helena Galvão em Nova York

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A Nova Acrópole, renomada instituição dedicada à filosofia prática, está oferecendo o curso semipresencial “Filosofia para Viver”, que será ministrado pela ilustre professora Lúcia Helena Galvão. Este curso tem como objetivo proporcionar uma formação filosófica aplicável ao cotidiano, abordando filosofia oriental, ocidental, moderna e clássica.

As aulas, que tiveram início na última segunda-feira, serão realizadas remotamente todas as semanas, em português, com a opção de assistir às gravações através da plataforma Hotmart. Além disso, o curso – que tem duração de 6 meses – inclui encontros presenciais obrigatórios em duas localidades dos EUA.

Encontros Presenciais:

  • Flórida:
    • 9 e 10 de setembro (segunda e terça) – 19h às 22h
    • 1o e 11 de dezembro (quinta e sexta) – 19h às 22h
  • Nova York:
    • 12 e 13 de setembro (terça e quarta) – 19h às 22h
    • 13 e 14 de dezembro (sexta e sábado)
      • 13/12: 19h às 22h
      • 14/12: 10h às 13h

Sobre a Instrutora:

Lúcia Helena Galvão é uma destacada filósofa brasileira com mais de 34 anos de experiência na Nova Acrópole do Brasil. Com um vasto acervo de palestras disponíveis no YouTube e no Acrópole Play, que soma mais de 1,2 milhão de inscritos e 138,5 milhões de visualizações, Lúcia é conhecida por conectar conhecimentos filosóficos antigos com as demandas contemporâneas. Além de ser autora de nove livros e compositora, ela realiza palestras para empresas e órgãos públicos tanto no Brasil quanto no exterior.

Para mais informações e para se inscrever no curso, visite o site da Nova Acrópole ou entre em contato diretamente com a instituição através dos canais disponíveis.

Não perca a oportunidade de aprofundar seu conhecimento filosófico com uma das maiores especialistas da área e transformar sua perspectiva sobre a vida!

LINK PARA INSCRIÇÃO

Hybrid Work: How Leaders Build In-Person Moments That Matter

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As hybrid work programs continue to grow in popularity and full-time office work declines, many leaders and companies are still struggling with a tough question: What are the right patterns for getting people together?

Free-for-all approaches that depend on individuals and managers to self-organize hybrid work norms don’t succeed — the coordination tax is just too high. I’ve seen this up close in my work with dozens of organizations. These ad hoc models result in people showing up to quiet offices, retreating to conference rooms to be on Zoom all day, and commuting home with a bubbling resentment about having traveled in for no clear reason.

What does work, then? While headlines make it sound like it’s a battle to get people out of their home offices (even if the office is a closet), three years of data from Future Forum shows that the vast majority of people want to gather together, anywhere from a few days a week to once a month — but they want that in-office time to be purpose-driven.

These selective moments are built around activities that blend business work with social time. They’re most successful when they’re designed around specific workplace goals and events that include team development, onboarding and training, new-team formation, project kickoffs, and specific times for function-specific roles, such as sales. The benefit? Companies get the upsides of deeper connection and engagement without all the downsides of RTO mandates.

Office Attendance Doesn’t Equal Engagement

Mandates to be in the office “just because” have faced a lot of employee resistance. Blanket policies increase the risk of losing top talent and a diverse workforce, disproportionately cause women to leave, and negatively impact productivity. We’re seeing that one-size-fits-all approaches don’t work for the majority of teams that are now distributed across cities and even countries, and they don’t fit the distinct team rhythms in realms such as sales, finance, or engineering. As a result, leaders have generally been loath to go hard on enforcement of RTO policies.

Four Essential Times for Building Moments That Matter

  • Team development: Get people together three or four times a year, with a 50-50 mix of business and social.
  • Onboarding and training events: Use face-to-face time to get to know people and to build ties across functions.
  • New-team formation and major-initiative kickoffs: Grapple together over the objectives and norms of a project.
  • Business-function-specific activities: Let teams figure out the best in-person schedules for their needs.

Read the full article

By Brian Elliot Via MIT Sloan Management Review

Safra brasileira de milho 24/25 deve crescer, etanol limita exportação, diz adido do USDA

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O Brasil foi o maior exportador mundial de milho em 2023, ultrapassando os EUA, após obter acesso para o mercado chinês no final de 2022

A safra de milho do Brasil 2024/25 deverá atingir 127 milhões de toneladas, alta de 5 milhões de toneladas na comparação com a temporada anterior, apontou o adido do Departamento de Agricultura dos EUA (USDA) em Brasília, segundo relatório publicado na véspera.

“Com o esperado fim do fenômeno climático El Niño, que impactou severamente a produtividade do milho na safra 2023/24, o adido prevê um aumento anual na produção de milho no ano comercial 2024/25 para 127 milhões de toneladas métricas”, apontou o relatório.

As exportações de milho do país em 2024/25 (março de 2025/fevereiro de 2026) devem somar 46 milhões de toneladas, disse o adido, versus estimativa oficial de 50 milhões de toneladas do USDA para 2023/24, com base no aumento do consumo interno, especialmente pela indústria de etanol de milho no Brasil, acrescentou.

O adido vê uma exportação em 2023/24 em 45 milhões de toneladas, menor que o número oficial do USDA para a temporada.

O Brasil foi o maior exportador mundial de milho em 2023, ultrapassando os Estados Unidos, após obter acesso para o mercado chinês no final de 2022.

As exportações de milho do Brasil para a China em 2023 atingiram 16,1 milhões toneladas métricas.

“Contudo, a situação mudou em abril deste ano, com a procura chinesa de milho caindo significativamente”, disse o adido, citando também preços menos competitivos do Brasil em comparação com outros mercados como Argentina e Estados Unidos, além da decisão da China de diminuir as importações globais de milho.

Etanol
O adido aumentou sua previsão de consumo total de milho para o ano comercial 2024/25 para 84 milhões de toneladas, com um aumento de 3% ante a estimativa inicial.

Ele também aumentou sua estimativa para 2023/24 (março de 2024/fevereiro de 2025) para consumo total de milho de 80 milhões para 82 milhões de toneladas.

“O aumento é principalmente com base no crescimento esperado para a indústria à base de etanol de milho no país. O etanol à base de milho está ganhando participação de mercado no Brasil”, destacou.

A União Nacional do Etanol de Milho (Unem) estima que o etanol à base de milho representará 19% do etanol consumido no Brasil em 2023/24, projetando também que o Brasil produzirá cerca de 4 milhões de toneladas de Grãos Secos de Destilaria (DDGs).

Leia a reportagem na íntegra

Via Forbes Brasil (Reuters)

Brazilian startup Typcal seeks to put Latam on the mycoprotein map

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São Paulo, Brazil-based startup Typcal is seeking to blaze a trail in the Latin American market with mycoprotein which it claims grows more rapidly, on a broader range of feedstocks, than competitive fungi strains

Founded by former Red Bull executive Paulo Ibri (CEO) and Dr. Eduardo Sydney (CTO), cofounder of mycelium-fueled biomaterials firm Mush and professor at Federal University of Technology, Paraná, Typcal is one of several firms deploying biomass fermentation to grow fungi as a food ingredient.

However, it’s one of the only players in mycelium fermentation in Latin America (another startup in this space is Done Properly in Chile), and does not use any of the species employed by existing industry players such as Fusarium Venenatum (Quorn , ENOUGH Foods), Neurospora Crassa (Meati, The Better Meat Co), or Aspergillus Oryzae (Nosh.bio), said Ibri, who is looking to build a b2b ingredients company supplying mycelium in a variety of formats to food manufacturers in applications from meat alternatives to cookies.

“We started Typcal to be the first in Latin America to develop mycelium fermentation with a circular process,” he told AgFunderNews. “So we’re using an organism from another family that can get its nitrogen and carbon from a wide variety of side streams and byproducts from breweries, bread companies, dairy companies, and starch companies.

Scaling up

Typcal has a pilot facility in Curitiba, Brazil, with a 200-liter bioreactor, said Ibri. The company has raised around $3 million in seed funding from a mixture of agtech and foodtech investors and athletes, and is looking to raise a series A round later this year. “We are the first ones doing mycelium fermentation in Latam so it’s not possible to find a co-manufacturer, so we have to build our own facilities.

According to Ibri: “We are speaking with a number of investors, not only venture funds and individuals but also companies including bioreactor companies that want to invest in us to expand so they can invest through capex for example. We also have a lot of government incentives to expand our facility, so we are looking to raise $10 million and do this expansion in the next two to three years.”

While Typcal’s initial focus is on the domestic market in Brazil, the company is also looking at the European market, and believes it will not have to go through the novel foods process.

Product applications

Typcal has three product formats for its mycelium: fresh biomass (ideal for alt meat), dry powder with 45% protein (ideal for cookies, snacks, cereals, bars etc), and a mycelium concentrate targeted at the sports nutrition segment, said Ibri. “The vegetable proteins we have nowadays are poor in terms of texture and taste but whey protein prices are increasing year over year and producers are becoming nervous.”

When it comes to terminology, an area that has proved challenging for players in the space, Typcal prefers to use the term “mycoprotein,” said Ibri. “Nobody here knows what mycelium is, so we need to explain to the consumer what we’re doing, because it’s not mushroom. This is another reason why we’re b2b, as we need to work with the food industry that has the resources and the distribution capability to develop this market.”

Read the full article

By Elaine Watson via AgFunder News

ONG com serviços se imigração a baixo custo é acreditada pelo Governo Americano

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A Imigra Foundation, uma organização fundada por brasileiros, que presta serviços de imigração a baixo custo em Nova York, foi recentemente reconhecida pelo Departamento de Justiça americano como uma entidade que trabalha para o bem da comunidade e não para lucrar. Com isso, uma das suas fundadoras, a paralegal Kelly Fontoura, foi acreditada pelo governo, ou seja, autorizada a ajudar imigrantes em seus processos legais mesmo não sendo advogada.

“O Departamento de Justiça avaliou minuciosamente a organização, os serviços que prestamos, os resultados obtidos, os valores que cobramos, os profissionais que trabalham aqui, e concluiu que a Imigra Foundation tem a estrutura necessária para através de representantes acreditados representar clientes na imigração”, explicou Kelly.

O representante credenciado pode dar conselho legal, preencher formulários, representar imigrantes em processos legais, assinar os formulários e processos e comparecer em entrevistas de imigração.

Os tipos de serviços imigratórios que a Imigra Foundation oferece incluem:

  • EB-3 (processos de GC baseado em oferta de trabalho)
  • Ajuste de status, ou seja, Green Card por família, casamento ou trabalho
  • Mudança de status, extensão de status
  • Processos de Cidadania
  • Processo Consular e outros

Além dos serviços imigratórios, a Imigra Foundation oferece gratuitamente cursos básicos de língua inglesa, cursos básicos de IA (inteligência artificial, cujas inscrições abrirão no início de agosto), workshop de fotografia para Iphone, além de vários outros projetos em andamento.

Leia a matéria completa

Via The Brasilians

Produção industrial no Brasil tem em junho maior alta em quatro anos

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Melhora da atividade do setor ocorre em meio à retomada em áreas afetadas pelas enchentes no Rio Grande do Sul

A produção industrial brasileira encerrou o segundo trimestre com uma crescimento acima do esperado em junho. Aliás, foi o maior ganho da indústria em quatro anos, em meio à retomada da atividade em áreas afetadas pelas enchentes no Rio Grande do Sul.

Em junho, a produção teve alta de 4,1% na comparação com o mês anterior, bem acima da expectativa em pesquisa da Reuters de avanço de 2,4%.

Foi o maior crescimento desde julho de 2020 (+9,1%), interrompendo dois meses seguidos de perdas. Além disso, a indústria brasileira ultrapassou o patamar pré-pandemia ao ficar 2,8% acima de fevereiro de 2020. Porém, o setor ainda está 14,3% abaixo do nível recorde alcançado em maio de 2011.

Os dados divulgados nesta sexta-feira (2) pelo Instituto Brasileiro de Geografia e Estatística (IBGE) mostraram também expansão de 3,2% da indústria na comparação com o mesmo mês do ano passado, contra expectativa de 1,2%.

“Cabe destacar que o avanço mais acentuado observado em junho de 2024 está relacionado não só com a base de comparação depreciada, explicada pelos dois meses consecutivos de queda na produção, mas também pela volta à produção de várias unidades produtivas que foram direta ou indiretamente afetadas pelas chuvas ocorridas no Rio Grande do Sul em maio de 2024”, explicou o gerente da pesquisa, André Macedo.

Setores industriais em destaque

O IBGE destacou que, em junho, 16 das 25 atividades pesquisadas apresentaram ganhos. As maiores influências positivas vieram de coque, produtos derivados do petróleo e biocombustíveis (4,0%); produtos químicos (6,5%); produtos alimentícios (2,7%) e indústrias extrativas (2,5%).

No setor de produtos alimentícios, que segundo o IBGE representa cerca de 15% da atividade industrial do Brasil, houve alta na produção de produtos importantes, como açúcar, produtos derivados de soja, suco de laranja e carnes de aves.

Entre as categorias econômicas, o destaque ficou para o aumento de 6,8% na fabricação de Bens de Consumo. Em seguida, Bens Intermediários tiveram alta de 2,6% e os Bens de Capital avançaram 0,5% sobre maio.

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Via Forbes Brasil

BB tem novo gestor na área internacional

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Juliano Marcatto tem 25 anos de empresa e assume a área nesta segunda

O Banco do Brasil tem novo gerente geral da Unidade de Negócios Internacionais. Juliano Marcatto substitui Rodrigo Vollet, que deixou o cargo para se aposentar.

Nos 25 anos em que está no BB, Marcatto passou pelas Diretorias de Crédito e Comercial, foi gerente-adjunto do Banco do Brasil em Londres, diretor presidente da BB Securities Londres e, atualmente, era gerente executivo da área de Operações Estruturadas na Diretoria Corporate and Investment Bank.

A Unidade de Negócios Internacionais é responsável pela estratégia e gestão das unidades do Banco do Brasil no exterior, além dos produtos e serviços de crédito, câmbio e captação relacionados ao comércio exterior, atuando estrategicamente no fomento ao Comércio Exterior brasileiro, negócios e investimentos offshore e captações em moeda estrangeira, com atendimento integrado com os escritórios de negócios no Brasil, de forma a entregar uma melhor experiência ao cliente.

O BB tem se destacado como um parceiro fundamental no apoio à jornada internacional de seus clientes, oferecendo serviços e produtos que vão além do apoio financeiro. No fomento ao comércio exterior brasileiro, lançou no último ano o Programa Primeira Exportação, com o objetivo de estimular micro e pequenas empresas a acessarem o mercado internacional, por meio de capacitação e sessões consultivas com especialistas. O BB participa ainda de programas como o “Mulheres nos Negócios Internacionais”, em conjunto com a ApexBrasil, que visa a inserção de mulheres empreendedoras no comércio mundial.

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Via Banco do Brasil

Brazil’s jobless rate drops to 6.9% in quarter through June

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Brazil’s jobless rate remained at its lowest level in a decade in the three months through June, data from statistics agency IBGE showed on Wednesday, as the number of employed people in Latin America’s largest economy hit a new all-time high

The unemployment rate in Brazil stood at 6.9% in the April-June period, IBGE said, in line with market expectations and down from 7.9% in the previous quarter, marking the lowest for the period since 2014.

Brazil’s jobless rate has been hovering around historically low levels for the past year despite elevated interest rates, an indicator cheered by the government even though some worry it could trigger inflationary pressures.

According to IBGE, the number of jobless people in Brazil was 7.5 million in the period, down 12.5% quarter-on-quarter, while employed citizens totaled 101.8 million – the highest ever for the data series started in 2012.

Average real wages were up 1.8% in the quarter to 3,214 reais ($571.70), the statistics agency said.

Reporting by Gabriel Araujo; Editing by Kirsten Donovan via Reuters

17th Inffinito Brazilian Film Festival | New York

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INFFINITO CONCERT

On August 22 we have a special program for you at the SummerStage in Central Park!

At 5PM, DJ Malfeitona will welcome you before the screening of the documentary Gerson King Combo, by David Obadia and Belisário Franca at 6PM. And then, at 7:20PM, Larissa Luz joins the stage, opening for the incredible Alcione, at 8:30PM!

Admissions are FREE, so don’t miss out!

More information coming soon.

Via Brazilian Film Festival.

US, Brazil to work together on climate partnership, says Yellen

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The U.S. and Brazilian governments announced a climate partnership agenda on Friday, seeking to deepen ties on an issue they seen as key but treated as secondary by opposition in both countries

Speaking on the sidelines of a G20 finance leaders meeting in Rio de Janeiro, U.S. Treasury Secretary Janet Yellen said that “advancing work on climate and on nature and biodiversity can bring benefits not only to both of our economies but also to the region and to the global economy.”

“We want to be more close,” said Brazil’s Finance Minister Fernando Haddad, adding he expected these guidelines to turn into concrete actions very quickly.

The joint work between the U.S. and Brazil, the two largest economies in the Western Hemisphere, will focus on four key areas, including efforts to facilitate countries’ ease of access to multilateral climate fund resources, a priority for Brazil during its G20 presidency this year.

Yellen also mentioned as pillars of this agenda the aim to bolster clean energy supply chains and efforts to improve the integrity and effectiveness of voluntary carbon markets.

Efforts to mobilize finance and develop innovative solutions to conserve and restore nature and biodiversity, including through multilateral development banks, are also on the agenda.

Reporting by Marcela Ayres Editing by Marguerita Choy via Reuters

28th Inffinito Brazilian Film Festival | Brazilian Concerts in Miami!

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Fernanda Abreu with Zelia Duncan and Paulinho Moska – An exhilarating celebration of Brazilian music with three major stars presented by the 28th Inffinito Brazilian Film Festival. These three artists will share the stage for the very first time. The evening will start with Zélia Duncan and Paulinho Moska performing their highly acclaimed project “Um par ímpar”, followed by Fernanda Abreu’s electrifying, dance filled show “Amor Geral”, a set of her greatest hits. The concert climaxes with all three together on stage performing a medley of joyous Brazilian classics!

Date:
Saturday, August 31, 8:00 PM

Venue:
Miami Beach Bandshell
7275 Collins Ave, Miami Beach, FL 33141, USA – Door opens at 7:00 PM

Food & beverage are available for purchase at the show. The Bandshell is an open-air covered venue, all programs are rain or shine. Your ticket, once purchased, is non-refundable. Any questions? info@miamibeachbandshell.com

Click here for more information

 

 

IFC commits $50 million to BTG Pactual TIG’s Latin American reforestation strategy

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The International Finance Corporation (IFC), part of the World Bank Group, announced today a $50 million commitment to help mobilize $1 billion for the BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy. Conservation International serves as impact adviser for the strategy

The announcement was made following a signing ceremony in São Paulo that included Alfonso García Mora, IFC’s Vice President for Europe, Latin America and the Caribbean, Roberto Sallouti, CEO of BTG Pactual, and Rachel Biderman, Senior Vice President for the Americas at Conservation International.

The reforestation strategy focuses on the conservation, restoration, and planting of deforested and degraded properties in selected regions in Latin America, including the Cerrado biome in Brazil, one of the most biodiverse, seasonally dry ecosystems in the world. Approximately half of the Cerrado has already been converted to other uses.

By investing in projects that are dedicated to sustainable commercial tree farms across half their footprint, and the protection and restoration of native ecosystems across the other half, BTG Pactual TIG seeks to integrate the protection and restoration of important habitats with sustainable commercial production. This forward-leaning approach targets deforested and degraded land. Reforesting this land seeks to integrate commercial, social, biodiversity, and greenhouse gas sequestration goals into a single strategy.

The transaction marks IFC’s first engagement with an institutional timberland investment manager, which is expected to generate carbon credits through nature-based solutions, support climate mitigation efforts, and strengthen sustainable forest management practices in Brazil. These efforts will foster jobs and expand economic opportunities in rural areas of the country. In addition, the application of IFC´s Performance Standards will help the strategy to identify, avoid and mitigate risks, as a way of further integrating sustainability into business operations.

The IFC loan triggers a better financial outcome for BTG Pactual TIG if the strategy meets specific targets designed to enhance biodiversity and watershed health through connectivity corridors for plants and animals, and buffers along streams and rivers that can help provide ecosystem services for natural water infrastructure.

Read the full article

Via Business Wire

TozziniFreire is the expert law firm for the Brazil chapter in the AI Regulation Guide of the World IT Lawyers

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The firm and the association have a partnership and joined efforts with other international players to create a material focused on helping private companies leverage AI

TozziniFreire is a benchmark in the Brazilian market for technology, innovation, and data protection, and has been gaining traction in the field of artificial intelligence. With a multidisciplinary team of partners, the firm advises various clients on relevant cases and projects involving the subject, which is increasingly present in the strategic planning of companies.

In partnership with the World IT Lawyers (WITL) association, TozziniFreire produced the Brazil chapter of the new AI Regulation Guide, specially designed for companies interested in using AI and in need of a multi-jurisdictional view. The country section describes details on how Brazil regulates artificial intelligence, which categories are considered under the law, international agreements and conventions, as well as restrictions and the latest updates on the topic.

According to Patrícia Helena Martins, co-head of the Technology & Innovation and Data Protection practices at TozziniFreire, “AI regulation in Brazil is under debate in the National Congress. Inspired by European legislation, the Bill creates specific rules for AI applications according to the level of risk posed to society. The expectation is that the Bill will be voted in the second half of 2024.”

The full PDF version of the material contains contributions from countries like Germany, Spain, France, Italy, Portugal, the United Kingdom, among other important Brazilian commercial partners, and can be found on TozziniFreire’s website, through the link AI Regulation Guide (tozzinifreire.com.br).

Read the full article

Via TozziniFreire

IDB and Brazilian banks announce development of Amazon rainforest ETF

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IDB and Brazilian banks announce development of Amazon rainforest ETF

The Inter-American Development Bank and Brazilian public banks BNDES, Banco do Brasil, and Caixa Economica Federal announced on Thursday they will jointly develop an exchange-traded fund (ETF) focused on sustainable investments in the Amazon rainforest.

The proposal, first reported by Reuters on Wednesday, aims to launch the ETF in capital markets before the COP30 climate conference in the Brazilian city of Belem next year, said IDB President Ilan Goldfajn, speaking on the sidelines of a gathering of G20 finance leaders in Rio de Janeiro.

Reporting by Marcela Ayres Editing by Brad Haynes via Reuters

USTDA, Brazil Partner on Power Grid Modernization and Resilience

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The U.S. Trade and Development Agency (USTDA) will bring a delegation of Brazilian electricity sector decision-makers to the United States in support of Brazil’s grid modernization and resiliency goals. The visit will connect the delegation with U.S. digital technology expertise in support of ongoing efforts to further grid resiliency, efficiency and reliability.

While in the United States from July 28 to August 7, the 13-member delegation of government and private sector representatives will travel to Chicago, Silicon Valley and Washington, DC to meet U.S. companies and see demonstrations of cutting-edge U.S. technologies. The delegation will also meet with U.S. federal and state government entities to discuss best practices, including a tour of the communications lab of California’s largest energy utility, Pacific Gas and Electric Company.

On July 30 USTDA will host a public business briefing in Washington, DC, where the delegates will profile sector-specific commercial opportunities and meet one-on-one with U.S. companies to learn about their capabilities and solutions. For more information, please visit: https://www.ustda.gov/events/.

The U.S. private sector is a recognized leader in advanced energy distribution technologies, including smart grid solutions and cybersecurity measures, which play a critical role in making grids more stable, efficient, and able to integrate new renewable energy sources. Brazil has one of the cleanest generation matrices in the world and supplies electricity domestically to over 90 million residential, commercial, and industrial users, surpassing the combined power output of all other South American nations. Further grid efficiency and resilience are among Brazil’s highest priorities in the sector, contributing to the country’s decarbonization goals.

The reverse trade mission supports the U.S. government’s Partnership for Global Infrastructure and Investment to deliver game-changing projects to close the infrastructure gap in countries like Brazil and USTDA’s Global Partnership for Climate-Smart Infrastructure that connects U.S. industry to major clean energy and transportation infrastructure projects in emerging economies.

Via U.S. Embassy & Consulates in Brazil

Eólica offshore pode ser ‘nova energia hidrelétrica’ do Brasil, diz estudo do Banco Mundial

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Pesquisa considera projeções atuais da EPE, que apontam 4 gigawatts (GW) operacionais em 2035

A energia eólica offshore pode representar uma opção de “proteção energética” para o Brasil diante de secas cada vez mais recorrentes que prejudicam a geração hídrica, ainda a principal fonte da matriz elétrica nacional, segundo um estudo sobre o tema realizado pelo Banco Mundial e entregue ao Ministério de Minas e Energia.

O estudo apontou que, comparando a produção real de energia hidrelétrica com a produção simulada de energia eólica offshore durante um período de sete anos, a produção eólica offshore seria maior nos meses em que os níveis hídricos estivessem mais baixos.

“Segundo a análise, a variabilidade anual da energia eólica offshore seria significativamente inferior à da energia hidrelétrica em grande parte do país. Logo, se implementada em grande escala, a energia eólica offshore pode oferecer uma ‘proteção energética’ para anos com secas inusitadas, como foi observado, por exemplo, na última década”, diz o relatório.

O Banco Mundial ressaltou, porém, que as eólicas offshore só seriam capazes de compensar a variabilidade da produção hídrica se atingirem escala suficiente, com uma aposta mais agressiva do país na fonte do que o atualmente vislumbrado pela Empresa de Pesquisa Energética (EPE).

O cenário-base do estudo considera as projeções atuais da EPE, que apontam uma adoção “modesta” da energia eólica offshore, com 4 gigawatts (GW) operacionais em 2035 e 16 GW até 2050. Isso significaria investimentos de cerca de US$ 40 bilhões até 2050 para construção dos parques no mar, com um uso de apenas 1,2% do leito marinho disponível, principalmente no Nordeste.

O Brasil apresenta um enorme potencial para exploração de energia eólica offshore e já tem quase 100 projetos, que somam cerca de 230 GW de potência, com pedido de licenciamento ambiental junto ao Ibama, mas todos ainda em estágios iniciais de desenvolvimento.

A tecnologia atrai a atenção de grandes empresas, desde petroleiras até geradoras de energia elétrica, que apontam como o principal impeditivo para tirar os empreendimentos do papel a falta de um marco regulatório para o segmento. Há uma proposta em tramitação no Congresso, mas a inclusão de uma série de emendas “jabutis” no texto acabou dificultando sua aprovação.

Além disso, os custos para construção dos parques e aquisição dessa energia ainda são bem mais elevados se comparados com o de outras fontes renováveis, como as eólicas em terra e a solar.

Esses níveis mais altos de penetração da eólica offshore exigiriam, por exemplo, obras de modernização do sistema de transmissão, investimentos maiores em infraestrutura portuária e reforços da cadeia de suprimentos para fornecimento de turbinas, apontou o relatório.

Leia a reportagem na íntegra

Via Forbes Brasil

Bolsa sobe 0,19% e acumula ganho de 3,19% no mês, com forte entrada de estrangeiros

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MERCADO

Bolsa

O Ibovespa encerrou a segunda-feira com ganho de 0,19% aos 127.860 pontos, com giro financeiro fraco de R$ 17,1 bilhões (R$ 14,2 bilhões à vista), sustentando bom desempenho no mês (+3,19%) diante de um cenário de curto prazo carregado de incertezas e com desafios importantes para a economia concentrados no orçamento fiscal e agora, na expectativa dos resultados corporativos do 1º semestre que dependendo da qualidade dos números deve influenciar o rumo dos mercados. Os investidores estrangeiros que registraram retiradas líquidas da B3 durante o 1º semestre, voltaram firmes à B3 em julho, acumulando entrada de R$ 6,55 bilhões até o dia 19.  No dia o saldo de estrangeiro foi positivo em R$ 1,97 bilhão e na contramão os investidores institucionais seguem retirando recursos (R$ 6,92 bilhões em julho).

Câmbio

O dólar fechou o dia com queda de 0,38% a R$ 5,5761 (mercado spot), mas segue indicando cautela de investidores em relação a ativos de risco. No ano, moeda americana acumula alta de 14,81% em relação ao real.

Juros

Os contratos de juros futuros para jan/25 fecharam praticamente estáveis de 10,681% para 10,661% e para jan/30 a taxa do DI recuou de 12,087% para 12,008%.

ANÁLISE DE SETORES E EMPRESAS

Energisa (ENGI11)

Consumo de energia cresceu 4,5% em junho na comparação anual

A Energisa registrou em junho de 2024 consumo consolidado de energia elétrica, considerando o mercado cativo e livre, de 3.113 GWh, um aumento de 4.5% em relação a junho/23. Desconsiderando a energia não-faturada, que sazonalmente é negativa no mês, a evolução do consumo foi de 8,4%.

Carrefour Brasil (CRFB3)

Reversão de prejuízo para lucro de R$ 330 milhões no 1S24

O lucro Líquido dos controladores, passou de um prejuízo de R$ 249 milhões no 2T23 para lucro de R$ 330 milhões em jun/24 e no acumulado do ano foi de R$ 362 milhões negativos para um ganho de R$ 369 milhões. No ajustado, o resultado semestral passou de prejuízo de R$ 346 milhões para um lucro de R$ 202 milhões.

Hapvida (HAPV3)

Entendimentos com a Riza para operação de Build to Suit

A companhia celebrou memorando de entendimentos com a Riza Gestora de Recursos Ltda (Riza) para o custeio de dois novos hospitais na modalidade Build to Suit (BTS e Transação, respectivamente). Os imóveis, nas cidades do RJ e de SP, se encontram em fase final de negociação.

Embraer (EMBR3)

Acordo para venda de 9 aeronvaes C-390 para Holanda e Áustria

O Ministério da Defesa da Holanda assinou contrato para a compra de nove aeronaves C-390 Millennium da Embraer. O contrato é uma compra conjunta com a Áustria – cinco aeronaves serão para a Força Aérea Real Holandesa e quatro para a Força Área Austríaca.

Leia o boletim completo ou baixe em pdf

Via Planner

BCB eleva limite para operações de câmbio

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Medida beneficia sociedades corretoras de títulos e valores mobiliários, distribuidoras de títulos e valores mobiliários, corretoras de câmbio, SCFIs e agências de fomento

O Banco Central do Brasil (BCB) expediu, em 17 de julho, a Resolução BCB 401/24, que alterou a Resolução BCB 277/22  e elevou, de US$ 300 mil para US$ 500 mil (ou seu equivalente em outras moedas), o limite de valor individual para operações de câmbio com liquidação pronta realizadas por sociedades corretoras de títulos e valores mobiliários, sociedades distribuidoras de títulos e valores mobiliários, sociedades corretoras de câmbio, sociedades de crédito, financiamento e investimento e agências de fomento.

Em nota à imprensa, o BCB disse que a alteração busca proporcionar maior eficiência e competitividade no mercado de câmbio, especialmente para atender à demanda de pequenas e médias empresas brasileiras que atuam no comércio exterior.

A Resolução BCB 401/24 entrará em vigor em 2 de setembro de 2024.

O art. 29, inciso II, da Resolução BCB nº 277/22 passará a vigorar com a seguinte nova redação: “Art. 29.  As autorizações para operar no mercado de câmbio podem ser concedidas para as instituições abaixo indicadas realizarem as seguintes operações: (…) II – sociedades corretoras de títulos e valores mobiliários, sociedades distribuidoras de títulos e valores mobiliários, sociedades corretoras de câmbio, sociedades de crédito, financiamento e investimento e agências de fomento: (a) operações de câmbio com clientes para liquidação pronta de até US$500.000,00 (quinhentos mil dólares dos Estados Unidos) ou o seu equivalente em outras moedas, não sendo permitidas transferências referentes a negociação de instrumentos financeiros derivativos no exterior; e (b) operações para liquidação pronta no mercado interbancário, arbitragens no País e arbitragens com o exterior; (…)”

Via Machado Meyer

Exportações de açúcar do Brasil aumentam 50% no 1º semestre, mostram dados de embarque

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A Indonésia foi o destino de 12% do açúcar bruto exportado pelo Brasil no primeiro semestre

As exportações brasileiras de açúcar aumentaram 50% no primeiro semestre de 2024 para 15,15 milhões de toneladas, com a Indonésia liderando entre os principais destinos, de acordo com dados divulgados nesta sexta-feira pela agência marítima Cargonave.

A Indonésia foi o destino de 12% do açúcar bruto exportado pelo Brasil no primeiro semestre, com a Índia recebendo 9% e os Emirados Árabes Unidos, 8%.

A Índia é o segundo maior produtor de açúcar do mundo, mas algumas de suas refinarias localizadas na costa geralmente importam açúcar brasileiro para reexportar como produto refinado.

A China, normalmente o maior importador de açúcar brasileiro, ficou em um distante 11º lugar entre os principais destinos no primeiro semestre, com apenas 588.000 toneladas.

O Brasil produzirá menos açúcar em 2024 do que em 2023, de acordo com analistas, mas o país possuía grandes estoques do ano passado disponíveis para manter os embarques fortes nos primeiros meses deste ano, que é tradicionalmente um período mais calmo para o carregamento de açúcar.

Outro motivo por trás dos volumes mais altos no primeiro semestre foi o rápido início da colheita de cana e do processamento da nova safra devido ao clima mais seco do que o normal.

Via Forbes Brasil (Reuters)

PwC names Dan Priest as Chief AI Officer and Ellen Walsh as Sustainability Executive Sponsor

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As PwC enters FY25 and explores opportunities to create new value for clients, the firm is increasing its investments in the fast-growing areas of AI and sustainability. As businesses prioritize growth and reinvention within an evolving business landscape, they recognize AI and sustainability as central to success. According to our latest Pulse Survey, 73% of executives say they plan to use GenAI to change their business model and 61% of executives say climate poses a risk to their business. PwC is committed to addressing the urgent challenges and opportunities presented by these areas and helping clients navigate the evolving landscape of AI and sustainability, both now and in the future.

Advancing the firm’s three-year, $1B investment, to help clients reimagine their business through the power of GenAI, the firm today named Dan Priest as its Chief AI Officer. With more than 25 years of strategy, operations and technology leadership experience, Priest will lead the US firm and its clients in navigating the complexities and opportunities of AI and harnessing its power to enable strategic transformation.

To help clients achieve growth through sustainability, PwC is building on the firm’s three decades of sustainability experience, advanced technology capabilities and strong network of alliances. Today, the firm named Ellen Walsh as Sustainability Executive Sponsor. With a deep background in business and operations transformation and enterprise strategy, Walsh will lead the firm’s efforts to support clients in a holistic approach to sustainability that drives long-term growth and delivers investor-grade reporting.

PwC’s increased investments in AI and sustainability reflect an ongoing commitment to supporting clients as they navigate these important opportunities. By bringing together experience across the firm and within our strategic alliances, PwC’s AI and Sustainability teams are poised to drive innovation and catalyze lasting change.

Read the full article

Via PwC

Brazil secures deal for G20 consensus documents ahead of Rio meetings, official says

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Brazil has reached agreement for consensus documents to be approved at the G20 finance meetings scheduled for next week in Rio de Janeiro, Mauricio Lyrio, Brazil’s ambassador at the G20, said on Friday

Finance leaders from the world’s largest economies failed in February to issue a joint statement amid a lack of consensus on geopolitical issues, despite Brazil’s efforts to focus on a short text aligning with its priorities of addressing inequality, poverty and climate change.

“We will no longer require the inclusion of geopolitical language in ministerial documents,” said Lyrio, emphasizing that the agreement was endorsed by all G20 members.

According to Lyrio, for each consensus statement produced by the G20 countries, the Brazilian G20 presidency will issue a separate document that will deal with geopolitical issues.

Lyrio, Brazil’s sherpa at the G20, had said this month that G20 diplomats had agreed to avoid prickly geopolitical issues during their ministerial meetings, preparing for a summit in November.

Read the full article

Reporting by Bernardo Caram, Editing by Franklin Paul and Rod Nickel via Reuters

 

Embraer deliveries rise 88% in second quarter, order backlog at 7-year high

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Brazilian planemaker Embraer said on Thursday it had delivered 47 aircraft in the second quarter of 2024, an 88% increase from the prior year, and reaffirmed its full-year outlook despite ongoing aerospace industry supply chain issues

The world’s third-largest planemaker behind Airbus and Boeing delivered 19 commercial and 27 executive jets in the April-June period, as well as one defense C-390 Millennium jet.

In a securities filing, Embraer said its firm order backlog reached $21.1 billion at the end of June, the highest in seven years.

The delivery report comes days ahead of the Farnborough Airshow, when planemakers often announce major orders. Investors have been positive about Embraer’s demand prospects, with shares in the planemaker up more than 80% so far this year.

Embraer has been experiencing strong demand for its next generation E2 jets as carriers face a shortage of larger single-aisle planes from Airbus and Boeing, and has also managed to convert business jet purchase options into firm orders.

The Brazilian firm plans to deliver 72 to 80 commercial aircraft this year, up from 64 last year, as well as 125 to 135 business jets, up from 115 in 2023.

Embraer has seen opportunities emerge as it has production slots available from 2026, meaning it can deliver on new jet sales before Boeing and Airbus, the latter having sold out its production of single-aisle jets until the end of the decade.

Read the full article

Reporting by Gabriel Araujo and Luana Maria Benedito; Editing by Sandra Maler and Jamie Freed via Reuters

Mattos Filho best-positioned full-service firm in Chambers High Net Worth 2024 guide

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We have stood out once again in the Chambers High Net Worth guide, one of the key rankings in the legal sector. The guide highlights exceptional performance in the area of wealth management, both in Brazil and worldwide

Mattos Filho has ranked band 1 in the Private Wealth Law category for the ninth straight year – remaining the only firm to continuously hold this band 1 ranking since the guide was created in 2016. This year, we also had the highest number of band 1 professionals among full-service firms in Brazil, with the two partners from our Private Client practice listed at the very top of the rankings.

We would like to thank our clients for their continued trust and congratulate our professionals, whose efforts have led to this achievement. Our dedication to excellence, providing clients with innovative solutions, and transforming legal challenges into business opportunities is reflected in this result.

Via Mattos Filho

BTG Pactual compra empresa de comércio exterior Sertrading

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A transação aguarda aprovação do Banco Central e outras condições regulatórias

O BTG Pactual anunciou nesta quinta-feira a aquisição da empresa especializada em importação Sertrading, cujo patrimônio líquido no final do ano passado se aproximou de 400 milhões de reais, conforme comunicado ao mercado.

A assinatura dos documentos definitivos ocorreu por meio de uma das controladas do BTG, acrescentou o comunicado, notando que o volume transacionado em operações de comércio exterior da Sertrading somou 19 bilhões de reais ao final de 2023.

“Com esta aquisição o BTG Pactual poderá ofertar à sua base de clientes os serviços especializados da Sertrading no setor de importação de bens, bem como disponibilizar sua extensa gama de produtos financeiros aos clientes da Sertrading”, afirmou o BTG.

O comunicado não revela o valor da operação.

A conclusão da transação ainda está sujeita a condições precedentes, incluindo o aval do Banco Central e outras aprovações regulatórias.

Via Forbes/Reuters

Fundação Abrinq lança edição de 2024 do Caderno Legislativo da Criança e do Adolescente

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A Fundação Abrinq lançou a edição de 2024 do Caderno Legislativo da Criança e do Adolescente. A publicação traz uma análise das principais proposições legislativas relacionadas às crianças e aos adolescentes, servindo para incentivar o debate em torno do assunto

Como de costume, a Fundação Abrinq elencou diversas proposições legislativas por eixo (Proteção, Saúde e Educação) e se posicionou de forma a priorizar o bem-estar da população de até 18 anos no país. Neste ano, a organização também trouxe algumas novidades e destaques na publicação, que podem ser vistas abaixo.

LEGISLAÇÕES APROVADAS EM 2023

Pela primeira vez na história do Caderno Legislativo, que se iniciou em 2014, foi publicada uma relação com todas as proposições legislativas aprovadas no ano anterior e que envolvem os direitos das crianças e dos adolescentes no Brasil. A listagem pode ser conferida entre as páginas 20 e 25 da edição.

A Fundação Abrinq elencou as leis em uma tabela, por ordem de promulgação, com uma breve explicação sobre seu conteúdo. Algumas, devido à sua relevância, foram analisadas com maior profundidade em seguida, como a que criminaliza o bullying e o cyberbullying e a que cria o Programa Pé de Meia.

PRINCIPAIS TEMAS ABORDADOS

O Caderno Legislativo deste ano também compilou todas as proposições legislativas relacionadas à infância e adolescência de 2023 e as categorizou de acordo com as temáticas abordadas. O gráfico que demonstra essa relação pode ser visto na página 16 da publicação, junto com uma análise detalhada.

Naquele ano, destacou-se a preocupação dos legisladores com a questão da violência sofrida durante a infância e a adolescência. Isso porque a temática mais abordada foi “violência contra crianças e adolescentes”, com 81 proposições, e a terceira mais abordada foi “violência nas escolas”, com 63.

Baixe aqui o Caderno Legislativo da Criança e do Adolescente e tenha acesso ao material completo.

Leia a reportagem completa

Via Fundação Abrinq

Brazil readies new investment vehicle for sustainable projects

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Brazil’s Treasury and its Securities and Exchange Commission (CVM) are gearing up to launch a new investment vehicle operating as an investment fund consortium to boost early-stage sustainable ventures, a senior Treasury official said

In an interview with Reuters, Rogerio Ceron said the new vehicle is aimed at financing the structuring of projects aligned with ecological transformation, following a similar format of private equity funds (FIPs) and receivables investment funds (FIDCs).

Ceron stressed that better-than-expected inflation data in the U.S. solidify a much more favorable outlook for the global economy, with positive implications for Brazil, which has recently witnessed a steep currency weakening and a rise in interest rate futures.

His remarks follow signals from Finance Minister Fernando Haddad and President Luiz Inacio Lula da Silva regarding the government’s commitment to fiscal responsibility, which have led to a partial recovery in local assets.

GREEN PLAN

The Treasury secretary said the new investment vehicle would be tied to a green project structuring credit line, first announced in February as part of a broad program to attract private investments as Lula seeks to bolster Brazil’s position in the environmental and climate agenda.

According to Ceron, the notice for this credit line auction is expected to be released in September. The released resources will assist financial institutions in creating the new structured investment funds.

This will be the second credit line out of four planned under the so-called EcoInvest program, following the Treasury’s notice last week for a blended finance auction, which will offer public capital to green projects primarily funded by private funds.

Read the full article

Reporting by Marcela Ayres and Bernardo Caram; editing by David Evans via Reuters

 

Suzano acerta compra de duas fábricas da Pactiv nos EUA por US$ 110 mi

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Acordo envolve fábricas de papel-cartão com capacidade total integrada de cerca de 420 mil toneladas por ano

A Suzano acertou a compra de duas fábricas da Pactiv Evergreen nos Estados Unidos por R$ 110 milhões, informaram as empresas nesta sexta-feira (12), ampliando a presença da produtora brasileira de papel e celulose na América do Norte.

O acordo envolve as fábricas de papelcartão revestido e não revestido localizadas em Pine Bluff, no Arkansas, e Waynesville, na Carolina do Norte, que carregam o mesmo nome das cidades, com capacidade total integrada de cerca de 420 mil toneladas por ano, segundo fato relevante da Suzano.

A aquisição também marca a entrada da Suzano no mercado de embalagens para consumo e “food service” na região, disse a companhia em comunicado à imprensa.

A Pine Bluff produz papelcartão para embalagens de líquidos e copos de papel, afirmou a Pactiv em comunicado separado. Já a Waynesville fornece capacidade adicional de extrusão para o papelcartão produzido na Pine Bluff.

Em fato relevante, a Suzano afirmou que a operação “está alinhada à avenida estratégica de longo prazo da Suzano de ‘avançar nos elos da cadeia, sempre com vantagem competitiva’, proporcionando à companhia a entrada no mercado norte-americano de papelcartão com competitividade e escalabilidade”.

A produtora de papel e celulose acrescentou que as aprovações regulatórias devem ocorrer até o fim do ano.

Leia a reportagem na íntegra

Via InfoMoney

Microsoft announces plans to invest millions in growing rainforests — here’s why

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There is real merit in projects that protect forests against clear and present threats or projects that plant trees

As deforestation threatens the health of planet Earth, Microsoft is stepping up to help regrow forests in Brazil, the Wall Street Journal reports.

Brazil’s BTG Pactual Timberland Investment Group has partnered with nonprofit Conservation International on a huge reforestation project that aims to plant trees on more than 333,592 acres of farmland in Brazil’s Cerrado savanna.

The project will cost $1 billion, of which Microsoft is funding an undisclosed portion in exchange for 8 million tons of carbon offset credits.

Carbon credits are under intense scrutiny, as some kinds of credits that were previously respected are now considered by many to be worthless.

However, there is real merit in projects that protect forests against clear and present threats or projects that plant trees, because trees remove tons of carbon pollution from the air during their life span.

This isn’t the first time Microsoft has invested in planting trees. However, the WSJ reported that this deal is the largest of its kind. And Brazil is the perfect place for it, holding a huge part of the diminishing and endangered Amazon rainforest.

According to the WSJ, there are two parts to the project: Half the land will be used to grow native trees to stay there permanently, and the other half will grow trees to be harvested for timber. The timber is crucial to making the project work financially, and also, providing cultivated wood reduces the need to cut timber from wild forests.

BTG TIG, Conservation International, and Microsoft are just some of the organizations trying to protect and regrow the Amazon.

Read the full article

Reported by Laurelle Steele via The Cool Down

Inter tem novo CEO no Brasil; João Vitor Menin segue CEO global

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Reestruturação reforça ambição internacional do banco; Alexandre Riccio, no banco desde a fundação, assume operação brasileira

Numa reestruturação que reforça suas ambições internacionais, o Inter &Co está criando o cargo de CEO para o Brasil, enquanto o atual diretor-presidente, João Vitor Menin, seguirá com a cadeira de CEO global, baseado em Miami.  

No banco desde 2013, o atual vice-presidente de retail banking Alexandre Ricciovai assumir a operação brasileira – cargo que, na prática, já vinha exercendo há algum tempo, diz Menin.  

“Riccio e eu trabalhamos juntos desde o começo e nos conhecemos desde a época de faculdade de engenharia civil na UFMG”, conta o fundador. 

O executivo começou no Inter como superintendente, quando o plano de criar um banco digital a partir do Intermedium ainda era praticamente uma ideia no papel.  

Com passagens pela operação da Gerdau nos Estados Unidos e pelo Boston Consulting Group, desde seu início no banco, o executivo atuou mais na parte de estruturação, nas áreas de tecnologia, operações, tesouraria e compliance.  

Desde 2022, está como vice-presidente de banking onde também assumiu um papel mais comercial, tocando mais a parte de vendas.  

No Brasil… e além 

Com a nova atribuição, Menin – que já tem passado três semanas do mês no escritório de Miami – quer reforçar sua atenção para a conta global. Hoje, dos 32 milhões de clientes do Inter, cerca de 10% já são clientes do produto.  

Boa parte deles são de brasileiros que moram fora do país e usam a plataforma para fazer suas operações em dólar.

“Nós chamamos de conta global, mas na verdade é muito mais que isso, é um superapp. Ela tem praticamente tudo que o superapp do Inter tem, com exceção de seguros e estamos trabalhando nisso”, afirma. 

Hoje, o banco oferece conta digital, shopping online com uma plataforma de cashback, além de plataforma de investimentos e câmbio.  

Leia a reportagem na íntegra

Por Natalia Viri via Exame

BB anuncia maior Plano Safra da sua história com R$ 260 bilhões para o ciclo 2024/2025

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Desembolso recorde na safra recém concluída reafirma a liderança do Banco no Agro

O Banco do Brasil anuncia nesta sexta-feira, dia 5, o maior Plano Safra de sua história. São R$ 260 bilhões para o financiamento da safra 2024/2025, um valor 13% maior do que o realizado na safra anterior, reforçando a liderança do BB no setor e confirmando, mais uma vez, a posição de maior parceiro do agro.

Os agricultores familiares e médios produtores contarão, inicialmente, com R$ 50 bilhões, um crescimento de 44% em relação à safra passada. Além disso, a agricultura empresarial terá R$ 142 bilhões, um aumento de 10%.

As taxas do novo Plano Safra foram anunciadas pelo Governo Federal em eventos realizados na quarta-feira, 3. A Agricultura Familiar contará com juros que variam entre 0,5% e 6,0% ao ano por meio do Pronaf (Programa Nacional de Fortalecimento da Agricultura Familiar). Os médios produtores contarão com juros de 8,0% a 10,5% ao ano no âmbito do Pronamp (Programa Nacional de Apoio ao Médio Produtor Rural). Já para os grandes produtores rurais, as taxas de juros variam entre 7,0% e 12,0% ao ano.

“Desembolsamos R$ 230 bilhões neste último ano safra, com crescimento de 17% em relação à safra 2022/2023, sendo o maior valor da história. Além disso, executamos todo o volume equalizado alocado do Governo Federal. Isso reforça nossa liderança no mercado e o compromisso com os produtores rurais de todo o país, com agilidade na contratação, a partir da maior especialização, capilaridade e abrangência nacional e com soluções adequadas e completas para todos os produtores rurais”, afirma Tarciana Medeiros, presidenta do BB.

Mais recursos para médio e pequenos produtores rurais
Para reforçar ainda mais o compromisso com a agricultura familiar e médios produtores, também foram aumentados em 44% os valores destinados no Plano Safra para esses públicos, com volume disponível de R$ 50 bilhões para este ciclo 2024/2025.

Destaque para Feiras e Circuito de Negócios e Treinamentos Agro
Em 2024, a presença e participação do Banco do Brasil nas feiras e eventos agro em todo o país têm sido destaque. Ao todo, o Banco acolheu mais de R$ 15 bilhões em propostas de financiamentos. Esta atuação conta com os tradicionais Circuitos BB de Negócios e Treinamento e com as 5 Carretas Agro que percorreram mais de 220 mil quilômetros em mais de 300 cidades de todas as regiões do país, levando bons negócios e ações de capacitação e treinamento, além de disseminar boas práticas e tecnologias rurais.

Apoio ao RS
Os pequenos e médios produtores impactados pelas enchentes no Rio Grande do Sul contam com o apoio financeiro e crédito emergencial pelo BB, em alinhamento com as ações do Governo Federal para recuperação e retomada das atividades.

Leia a reportagem completa

Via Banco do Brasil

Brazil chicken exporters enjoy less US competition, strong Mideast demand

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Brazilian chicken export data indicates the outlook is positive for the remainder of 2024, meat lobby ABPA said on Monday, citing weaker competition from U.S. supplies and continued strong demand from traditional Middle East importers

Brazil’s chicken exports averaged 431,400 metric tons per month through June, 0.8% higher than the monthly average recorded for the whole of 2023, which was 428,200 tons, according to ABPA data.

The relative absence from U.S.-based chicken exporters in the market, and steady sales to countries like the United Arab Emirate and Saudi Arabia, are good signs for suppliers in Brazil, the world’s largest chicken exporter, according to ABPA.

The fact that Brazil, the world’s largest chicken supplier, also historically exports more in the second half of the year is also a boon.

He added that for Brazilian companies, this meant more export volumes destined for Latin American countries, including Mexico and Chile, allowing Brazil to reposition itself in strategic markets for products such as chicken legs and chicken breast.

By volume, Brazilian chicken exports were the best in history between April and June, ABPA said.

However, price-wise the picture is not as rosy, as Brazil’s aggregate chicken export sales reached $4.636 billion in the first half, 10.3% below the $5.168 billion from the same period in 2023, according to ABPA data.

Read the full article

Reporting by Ana Mano, Editing by Franklin Paul and Aurora Ellis via Reuters

Brazil says G20 sherpas to avoid thorny issues at prep meetings

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G20 diplomats have agreed to avoid prickly geopolitical issues during their ministerial meetings preparing for the summit of the world’s largest economies in November, host Brazil’s sherpa said on Friday

Meetings through October will avoid geopolitical discussions so that agreements can be advanced on issues such as climate change, reducing hunger in the world, trade and investment, according to Mauricio Lyrio, Brazil’s G20 sherpa.

In February, finance leaders from G20 failed to agree on a joint statement in a meeting in Brazil, with divisions over the wars in Gaza and Ukraine.

Lyrio told journalists that an agreement was reached with his counterparts in the group, following “really tough talks” during a preparatory meeting in Rio de Janeiro this week.

“What we got in this meeting was a deal to how to proceed from now on, so the ministers can focus on their specific themes,” he told journalists. “Look for agreements in your areas. You do not need to deal with geopolitics anymore”.

Later this month, economic leaders and central bank chiefs from the group will meet in Rio de Janeiro, where the annual summit of G20 leaders is scheduled for November 18-19.

Read the full article

Reporting by Rodrigo Viga Gaier in Rio de Janeiro; writing by Andre Romani; Editing by Raju Gopalakrishnan
Via Reuters

Itaú escolhe Gabriel Amado como novo CFO do banco; confira trajetória

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Gabriel Amado de Moura assumirá a posição de diretor de finanças da holding em substituição ao atual CFO, Alexsandro Broedel Lopes

O CEO do banco Itaú no Chile, Gabriel Amado de Moura, assumirá a posição de diretor de finanças da holding Itaú Unibanco em substituição ao atual CFO, Alexsandro Broedel Lopes, informou a companhia nesta sexta-feira.

Segundo comunicado do banco, Lopes está deixando a organização para “assumir desafios fora do país”.

Moura ingressou no Itaú Unibanco em 2000 e está no Itaú Chile desde 2016, onde atuou como diretor financeiro até 2019 e, em 2020, se tornou o presidente-executivo da unidade chilena.

O processo de transição tem início de imediato e, de acordo com o banco, deve ser finalizado em 1º de outubro.

“Vemos a escolha de Gabriel, que está no Itaú desde 2000 e é sócio desde 2011, como uma continuidade e não esperamos nenhum tipo de ruptura em relação à estratégia atual do banco”, avaliou a XP em breve análise sobre a escolha do novo CFO.

Leia a reportagem completa

Via Reuters / InfoMoney

 

Plano Safra 24/25: governo anuncia R$ 76 bilhões para agricultura familiar

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Aumento de 6,2% em relação ao Plano Safra 2023/24, que contou com R$ 71,60 bilhões

O Governo Federal anunciou nesta quarta-feira, 3, a destinação de R$ 76 bilhões para o Plano Safra 2024/25 da agricultura familiar, um aumento de 6,2% em relação ao Plano Safra 2023/24, que contou com R$ 71,60 bilhões, mas abaixo dos R$ 80 bilhões pleiteados pelo setor produtivo. Na sexta-feira passada, 28, o ministro do Desenvolvimento Agrário, Paulo Teixeira, prometeu um Plano Safra “robusto” e com “fortes subsídios” para a agricultura familiar.

Para a produção de alimentos orgânicos, agroecológicos e da sociobiodiversidade, os juros para custeio serão reduzidos para 2% ao ano, comparados aos 3% ao ano da última safra.

No Pronaf Investimento, para a compra de máquinas de pequeno porte, incluindo tratores de até 70cv, o limite de financiamento será de R$ 250 mil, com juros de 5% ao ano e um prazo de pagamento de 7 anos.

Plano Safra 24/25 e os juros

Além disso, o Plano Safra da Agricultura Familiar definiu as condições de financiamento para custeio em três faixas de produtos. No Pronaf Custeio – Faixa 1, o limite de crédito é de R$ 250 mil, com uma taxa de juros de 3% ao ano e prazo de um a três anos para quitação.

Entre as culturas incluídas estão arroz, feijão, mandioca, trigo, frutas, legumes, verduras, açaí, cacau e ervas aromáticas. Também fazem parte desta faixa atividades como apicultura, bovinocultura de leite, pesca e aquicultura, ovinocultura e caprinocultura.

No Pronaf Custeio – Faixa 2, o limite também é de R$ 250 mil e o prazo de quitação, de um a três anos. A taxa de juros, no entanto, sobe para 6% ao ano — nesta faixa, estão incluídos os “demais produtos”, que não fazem parte das faixas 1 e 3.

No Pronaf Custeio – Faixa 3, o limite de financiamento também é de R$ 250 mil, com prazo de um a três anos para quitação. A taxa de juros, no entanto, é de 2% ao ano — essa faixa abrange produtos da sociobiodiversidade, agricultura orgânica e agroecologia.

Leia a reportagem completa

Por César H.S. Rezende via Exame

Consulado-Geral dos EUA em Porto Alegre retoma serviços presenciais a partir de 1 de julho

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O Consulado-Geral dos Estados Unidos em Porto Alegre anuncia a retomada das operações de rotina e reabertura ao público para atendimento presencial em 1 de julho de 2024. Os solicitantes de visto já poderão agendar entrevistas por meio do sistema on-line: Link

O Consulado permanece disponível, 24 horas por dia, sete dias por semana, para fornecer serviços de emergência aos cidadãos norte-americanos.

Via Embaixada e Consulado dos EUA no Brasil

A importância do terceiro setor no Brasil: como organizações e doações transformam vidas

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O terceiro setor tem desempenhado um papel fundamental no Brasil, promovendo impacto social e sustentabilidade por meio de iniciativas que acontecem diretamente com quem mais precisa

Composto por organizações não governamentais (ONGs), fundações e outras entidades sem fins lucrativos, o terceiro setor atua em áreas essenciais, como direitos das crianças e dos adolescentes, saúde, educação, meio ambiente e muito mais. Além disso, é característica do terceiro setor atuar em territórios que mais precisam, onde existe dificuldade de promover melhores condições de desenvolvimento para a população.

Filantropia no Brasil: Uma Cultura de Solidariedade

Nesse contexto, a filantropia no Brasil ganha destaque com pessoas físicas e empresas realizando doações de dinheiro e recursos para apoiar projetos sociais. As ONGs e fundações brasileiras têm sido protagonistas neste cenário, implementando ações que visam melhorar a qualidade de vida de milhões de pessoas. A cultura de doação é um pilar que sustenta a capacidade dessas organizações de operar e expandir seu impacto.

Benefícios Fiscais para Doações: Um Incentivo ao Altruísmo

Um dos grandes motivadores para a captação de recursos no terceiro setor são os benefícios fiscais para doações. O governo brasileiro oferece incentivos fiscais para pessoas físicas e jurídicas que realizam doações para entidades do terceiro setor. Esses benefícios não apenas incentivam a prática da doação, mas também fortalecem a capacidade dessas entidades de desenvolver e manter projetos sociais de grande impacto. Tal incentivo fiscal é fundamental para aumentar a adesão de doadores e garantir a sustentabilidade das iniciativas sociais.

Projetos Sociais e Responsabilidade Social

Além dos benefícios fiscais, a responsabilidade social é um conceito cada vez mais presente no cotidiano das empresas, que buscam aliar crescimento econômico a práticas sustentáveis e socialmente responsáveis. Organizações brasileiras, como a Fundação Abrinq, têm sido referência em projetos sociais voltados para a defesa dos direitos das crianças e dos adolescentes. A parceria entre empresas e organizações da sociedade civil é fundamental para potencializar o alcance das ações sociais e promover mudanças significativas na sociedade.

Qual a Importância da Captação de Recursos para o Terceiro Setor?

A captação de recursos é um dos maiores desafios enfrentados pelo terceiro setor no Brasil. No entanto, com estratégias bem estruturadas e a crescente conscientização sobre a importância da filantropia, muitas organizações têm conseguido mobilizar os recursos necessários para continuar suas atividades. Campanhas de arrecadação, eventos beneficentes e parcerias com o setor privado são algumas das estratégias utilizadas para garantir a sustentabilidade das ações sociais. A colaboração entre esses diferentes setores é essencial para a continuidade e expansão dos projetos.

Como o Terceiro Setor Promove Impacto Social?

O impacto social gerado pelo terceiro setor é visível em diversas áreas. Projetos que promovem a educação, saúde, proteção ambiental e direitos humanos têm transformado realidades e criado oportunidades para milhares de pessoas. A Fundação Abrinq, por exemplo, desenvolve programas que já beneficiaram mais de 9 milhões de crianças e adolescentes, garantindo acesso a direitos básicos e promovendo seu desenvolvimento integral. Essas iniciativas mostram como a atuação conjunta de ONGs, governo e sociedade civil pode transformar vidas e construir um futuro melhor.

Dessa forma, o terceiro setor é uma força vital para a promoção do desenvolvimento social e econômico para todos. Apoiar essas organizações é investir no futuro do país, garantindo que todos tenham a oportunidade de viver com dignidade e esperança.

Via Fundação Abrinq

Saiba mais sobre a Fundação Abrinq e como doar

Brazil’s Eletrobras, Suzano team up to make green hydrogen, synthetic fuels

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Eletrobras and Suzano have agreed on a partnership to develop sustainable solutions, the Brazilian firms told Reuters on Thursday, including renewable hydrogen production and potentially building a synthetic fuels plant

Power giant Eletrobras and pulpmaker Suzano had been in talks for the partnership since last year and will now study the feasibility of making “green” fuel based on biogenic CO2, a by-product of Suzano’s pulp output, they said.

Generated from the burning of biomass and black liquor, biogenic CO2 can be captured and mixed with renewable hydrogen to produce synthetic fuels, according to the companies, which see “demand potential and scalability” for it.

One of the main solutions targeted by the firms is e-methanol, which is seen as a promising alternative for the decarbonization of the transport and logistics industries.

“E-methanol is one of the most likely candidates to replace fossil fuels in the maritime industry,” Suzano’s energy head Paulo Squariz said. “Its production would significantly contribute to the energy transition.”

Eletrobras, Latin America’s largest utility, has been increasing its focus on “green” solutions, seeking to take advantage of its huge hydroelectric assets to supply future green hydrogen projects with clean power at competitive prices.

The company earlier this month had already partnered with infrastructure firm Prumo to produce green hydrogen in a Rio de Janeiro port, after a similar deal with Green Energy Park (GEP) in northeastern Brazil.

Suzano is also a large generator of renewable energy from biomass, currently having an installed capacity of 1.3 gigawatt.

Read the full article

Reporting by Leticia Fucuchima, Editing by Franklin Paul and Chizu Nomiyama via Reuters

Feijó Lopes Advogados announces new Head of Tax

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Jamil Absy Jr. joins the team to advise Brazilian and foreign clients and meet a growing demand for tax advice

Feijó Lopes Advogados, one of the Brazilian premier corporate law firms, with offices in São Paulo, Porto Alegre and New York, announces the hiring of a new Head of Tax Services.

Jamil has solid accounting-tax expertise, with a vast track record of tax and corporate consultancy projects, compliance, optimization and planning projects in direct taxes (IRPJ and CSLL) and indirect taxes (PIS, Cofins, ICMS, IPI and ISS), including M&A, for Brazilian and international clients.

“The tax area is at a challenging time for Brazilian and foreign companies, due to tax reform and several bills that will be voted on throughout 2024, and will bring relevant changes to companies, fintechs, financial institutions, startups and the entire marketplace. I am happy to join and lead the Feijó Lopes Tax team to deliver innovative solutions aimed at tax optimization for Brazilian and foreign clients”, assesses the new head.

Jamil has a degree from the Federal University of Santa Catarina (UFSC), a specialist in Business Intelligence & Analytics from the Paulista Faculty of Informatics and Management (FIAP) and in tax law from the Brazilian Institute of Tax Studies (IBET).

Via Feijó Lopes Advogados

Banco do Brasil testa simulador para interação com plataforma do Drex

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A tecnologia simula a emissão, o resgate, a transferência da moeda digital e a operação com títulos públicos federais tokenizados

O Banco do Brasil divulgou nesta quarta-feira (26) que começou a testar uma plataforma que facilita a interação com a plataforma do Drex, a moeda digital do Banco Central.

A plataforma de testes está sendo apresentada pelo BB no Febraban Tech, evento de tecnologia e inovação do sistema financeiro, que acontece em São Paulo nesta semana.

“A familiaridade com esses procedimentos é importante, pois, para acessar a plataforma Drex, os usuários precisarão de um intermediário financeiro autorizado”, afirmou o diretor de tecnologia do BB, Rodrigo Mulinari, no comunicado à imprensa.

O Piloto Drex é a fase de testes para operações com a moeda digital. A primeira fase, que termina neste mês, abrange a validação de questões relacionadas à privacidade e segurança dos dados, além dos testes da infraestrutura da plataforma.

A segunda fase, explicou o BB, começa em julho, quando novos casos de uso serão incorporados à plataforma, inclusive ativos não regulados pelo BC — o que prevê, também, a incorporação de reguladores como a Comissão de Valores Mobiliários (CVM).

Leia a reportagem na íntegra

Via Forbes Brasil

IP Stars recognizes 33 from DLA Piper’s global IP practice in annual rankings

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Global law firm DLA Piper has had 33 intellectual property practitioners named as “IP Stars” in the annual ranking compiled by Managing Intellectual Property

The ranking highlights senior intellectual property lawyers who have been recommended or identified as leaders in their firm, and jurisdiction, following extensive market review and client interviews.

Three DLA Piper lawyers were also included in Managing IP’s Top 250 Women in IP list. Robynne Sanders (Australia), Aoife Murphy (Ireland) and Sangeetha Punniyamoorthy (Canada) featured in the global list of private practice lawyers for performing exceptionally for their clients in the past year.

Managing Intellectual Property’s IP Stars research provides comprehensive coverage of the world’s leading IP firms and practitioners. Rankings are determined after an intensive research process that includes market review, industry surveys and client interviews which extensively review firms for their expertise, outcomes achieved for clients and unique strengths in a given practice area.

Click here to view their IP practitioners recognized

Via DLA Piper

 

The Bank of New York Mellon Corporation Introduces Updated Brand: BNY

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As the world changes and global financial markets evolve, so do we. To improve familiarity with who we are and what we do, we are updating our logo and simplifying our company umbrella brand to BNY

Since our founding 240 years ago, we have been on a journey of continuous innovation, evolving from America’s oldest bank to a leading global financial services company. Today, overseeing nearly $50 trillion in assets on behalf of clients in more than 100 markets, we help make money work for the world – managing it, moving it and keeping it safe.

Under the updated company umbrella brand, BNY Mellon Investment Management and BNY Mellon Wealth Management will be shortened to BNY Investments and BNY Wealth, and BNY Mellon Pershing will become BNY Pershing. The company’s legal parent name will remain The Bank of New York Mellon Corporation.

“These changes complement the company’s evolution as a leading global financial services company,” said BNY’s Global Head of Marketing and Communications Natalie Sunderland. “The updated brand conveys trust, resilience and innovation, and helps us align the full breadth of our offerings and capabilities under one brand, to improve familiarity with who we are and all that we do for our clients.”

Via BNY

Media
Ryan Wells
ryanw@bny.com

 

Brazil’s bioinputs market boasts four times global average growth, research shows

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Brazilian farmers are keener to switch to bioinputs than peers in other countries, according to new research showing the average annual growth of the market was 21% in the last three years, four times above anywhere in the world

According to data released on Tuesday by Croplife, a Brazilian lobby representing biotech, chemical and bioinput companies, retail sales of “biocontrol” tools in the country reached 5 billion reais ($924 million) in the 2023/2024 season.

Bioinputs, essentially a biological solution to the problems of modern agriculture, are an alternative to the use of pesticides and fertilizers to control pests and improve crop yields.

Brazil’s bioinputs are mainly being applied on soybean, corn and sugarcane fields, but have also been used by cotton and coffee farmers to a lesser extent, the research found.

Mato Grosso state, Brazil’s largest farm products supplier in the center west of the nation, has championed use of bioinputs, representing some 33% of the domestic market, Croplife data showed.

Embrapa, Brazil’s agricultural research agency, defined biological inputs as products or processes developed from enzymes, extracts from plants or microorganisms, among others, which are intended for biological control.

Such inputs can also be used as plant growth promoters, biotics and abiotic stress relievers, and may act as substitutes for antibiotics, according to Embrapa.

Brazil, the world’s biggest soybean, coffee, sugarcane and orange juice exporter, as well as a competitive corn supplier, is a promising market, according to the research.

Reporting by Ana Mano and Roberto Samora, Editing by Nick Zieminski

Via Reuters

FDC is Among the Top-10 Schools in the World in the Financial Times Executive Education Rankings 2024

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Notably, FDC is the only Brazilian business school to be ranked in the top ten

Since 2005, Fundação Dom Cabral (FDC) has been featured in the Financial Times Executive Education Rankings. Up until last year, the rankings included three categories: the Combined Table, Open Programs (covering a wide range of management and business topics for individuals), and Custom Programs (tailored for organizations). This year, the Combined Table category was removed.

In this year’s rankings, FDC moved up two spots in the Open Programs category and one spot in the Custom Programs category compared to the previous edition. Notably, FDC is the only Brazilian business school to be ranked in the top ten.

Eighty percent of the ranking scores are based on participants’ and clients’ perceptions of the programs, considering factors such as preparation, course design, faculty, teaching methods and materials, new skills and learning, follow-up, goals achieved, and value for money. The remaining 20% of the score is derived from quantitative data reported by each school, including revenue growth, the number of international participants and programs, international program deliveries, and faculty diversity.

“It is an honor and an achievement to be – and to remain – among the best schools making a difference in the world. For yet another year, the result of the Executive Education Rankings recognizes the efforts of the entire team, made up of highly competent people guided by the purpose of developing responsible leaders and prosperous organizations. In this 2024 edition, the Rankings also attest to our ability to adapt in a context of major global change. Our school has proved that we are prepared to meet the complexity of the current times and are mobilized to contribute to addressing the challenges that are threatening the social, economic and environmental prosperity of the planet”, points out Antonio Batista da Silva Junior, Dean of Fundação Dom Cabral.

Click here to read the full report and view the Financial Times’ business school rankings.

Via Fundação Dom Cabral

Brazil joins race to loosen China’s grip on rare earths industry

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Mining giant Brazil has big ambitions to build a rare earths industry as Western economies push to secure the metals needed for magnets used in green energy and defence and break China’s dominance of the supply chain

Working to its advantage are low labour costs, clean energy, established regulations and proximity to end markets, including Latin America’s first magnet plant which would provide a ready buyer for the metals.

But low rare earths prices, technical challenges and nervous lenders pose challenges to the Latin American nation’s hopes to propel itself into the world’s top five rare earths producers.

The pace at which Brazil’s rare earths projects come together will be a test for how successful the West may be at building a new advanced industry almost from scratch to break China’s grip.

Brazil holds the world’s third-largest rare earth reserves. The country’s first rare earths mine, Serra Verde, started commercial production this year.

Output is set to grow, analysts, mining CEOs and investors say, supported by Western government incentives that are also accelerating a global rare earths refining and processing industry.

The U.S. and its allies, almost entirely dependent on China for rare earths metals and magnets, set out to build a separate supply chain by 2027 after deliveries were disrupted during the COVID-19 pandemic early this decade.

For countries like Australia, Vietnam and Brazil looking to catch up, progress is slow. Serra Verde has taken 15 years to get into production. It is expected to produce 5,000 tons once ramped up and could double output by 2030, its CEO said.

“Serra Verde and Brazil have significant competitive advantages that could underpin the development of a globally significant rare earths industry over the long term,” Serra Verde CEO Thras Moraitis told Reuters.

Those include attractive geology, access to hydropower, established regulations and a skilled workforce, he said.

Brazil could have two or three more rare earths mines by 2030, potentially exceeding Australia’s current annual output, said Reg Spencer, an analyst at broker Canaccord.

Basement Prices

One major obstacle is a 70% slump in rare earths prices over the past two years that has made it difficult for companies to raise funds for mines and processing.

“Getting money at the moment is tough,” Nick Holthouse, chief executive of Australian-listed developer Meteoric Resources, told Reuters.

Complexities

While labour is cheap, developers face technical hurdles. Unlike in China, many Western companies are still perfecting the complex processes for producing rare earth metals, a costly challenge that has stalled projects for years.

To spur developments, the Brazilian government launched a 1 billion reais ($194.53 million) fund in February to finance strategic minerals projects, including rare earths.

It also wants to build an industry for transforming these minerals into alloys for batteries, wind turbines and electric motors, the Ministry of Mines and Energy said in a statement.

The challenge is to stimulate production and build partnerships to promote element separation technologies and supply chain development, the ministry said. It is also looking into rare earths recycling.

Read the full story

Reporting by Melanie Burton in Melbourne and Fabio Teixeira in Rio de Janeiro; Editing by Sonali Paul via Reuters

 

 

A&O Shearman receives 146 Rankings in Chambers USA: America’s Leading Lawyers for Business 2024

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A&O Shearman, the elite global law firm recently formed by the merger of Allen & Overy and Shearman & Sterling, received a total of 146 rankings from Chambers and Partners in its annual rankings, Chambers USA: America’s Leading Lawyers for Business 2024

A&O Shearman was recognized in 47 separate U.S. practice areas and 87 individual U.S.-based firm attorneys received recognitions across 99 practice categories. Seventeen lawyers and seven practices received rankings of Band 1 or higher, the highest possible designations. In addition, multiple practices and lawyers were newly-designated for rankings, reflecting the combined strength and growth of the firm.

Based in London, Chambers and Partners ranks leading U.S. firms and attorneys based on in-depth research and interviews with attorneys’ clients and peers. Chambers assesses attorneys on attributes most valued by clients, including technical legal ability, professional conduct, client service, commercial astuteness, diligence, and commitment. Most attorneys are ranked in bands of 1-6, with all band rankings considered to be a significant achievement.

Read the full article

Via A&O Shearman

‘Ganha-ganha’: Magazine Luiza espera ‘boom’ de vendas em parceria com AliExpress; veja as projeções de Trajano

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Magazine Luiza espera ‘boom’ em vendas após parceria com AliExpress

A parceira entre o Magazine Luiza (MGLU3) e a plataforma de marketplace chinesa AliExpress está alinhada com a estratégia da companhia brasileira de diversificação de categorias e aumento de frequência de compras, disse o CEO, Frederico Trajano, em coletiva de imprensa.

O acordo prevê que a empresa chinesa passe a vender como seller do marketplace do Magalu (3P), enquanto a varejista brasileira oferece produtos do estoque próprio (1P) na plataforma do grupo Alibaba.

A AliExpress disponibilizará itens da linha “choice“, um serviço de compras premium, incluindo produtos com o melhor custo-benefício e velocidade de entrega.

Além disso, os produtos serão importados por meio do programa Remessa Conforme — o que, segundo o CEO, implica a cobrança de impostos. “Vai ser feito conforme todas as leis do Programa Remessa Conforme e também com as novas taxas que foram recentemente a aprovadas”, disse.

No caso dos produtos do Magazine Luiza que serão vendidos na plataforma do AliExpress, serão oferecidos, inicialmente, itens das categorias de bens duráveis, com capilaridade logística e multicanalidade.

Como o acordo vai ajudar as receitas do Magazine Luiza?

Segundo Trajano, a parceria é importante para consolidar a posição do Magazine Luiza no 1P (venda direta para o consumidor final) no Brasil.

“A venda do 1P na plataforma do AliExpress é importante para consolidar nossa liderança absoluta no e-commerce brasileiro. O Magalu é de longe o maior player de 1P no e-commerce brasileiro”, disse.

Além disso, deve potencializar o fluxo de vendas. “A oportunidade é muito significativa para o aumento das vendas no nosso canal digital. É muito estratégica para gente do ponto de vista de aumento de frequência de compras e complemento de sortimento de diversificação de categorias”, afirmou.

“As duas empresas são muito focadas em crescimento, mas também em geração de resultados sustentáveis. E a beleza dessa parceria está no ‘ganha-ganha’. Uma parceria tão complementar que ficou bom para as duas partes”, disse.

Leia a reportagem na íntegra

Por Giovana Leal via Money Times

Fixed-odds betting: Learn what is necessary to obtain an authorization in Brazil

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Mattos Filho’s experts detail the procedure, requirements, necessary documentation, and deadlines for companies interested in entering this market in Brazil

Brazil’s Ministry of Finance has been making progress in the regulation of fixed-odds betting. Resolution No. 827/2024 has established general rules concerning the authorization process for, including the minimum required documentation and applicable deadlines.

The procedure for applying for a permit is complex, involving a thorough analysis of the company’s capability to operate fixed-odds betting activities in Brazil.

Mattos Filho’s Entertainment practice has prepared a guideline on the procedure, application requirements, analysis deadlines, and potential new regulations from the Ministry of Finance.

Click here to read the guidelines

Via Mattos Filho

 

Em duas semanas, BB registra R$ 110 milhões em crédito emergencial para produtores rurais do RS

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Recursos são das linhas Pronaf e Pronamp, para agricultores familiares e médio produtores

O Banco do Brasil, reforçando sua posição de liderança e maior parceiro do agro, atingiu na quarta-feira, 12/06, a marca de R$ 110,2 milhões em recursos internalizados para crédito emergencial aos produtores rurais do Rio Grande do Sul que tiveram perdas materiais em decorrência das enchentes. Desse total, R$ 81,3 milhões via Programa Nacional de Fortalecimento da Agricultura Familiar (Pronaf) e R$ 28,7 milhões via Programa Nacional de Apoio ao Médio Produtor Rural (Pronamp).

Os primeiros contratos de crédito emergencial foram formalizados no último dia 28, em cerimônia na superintendência do BB em Porto Alegre. Esses recursos contam com condições especiais, via subvenção econômica e recursos de equalização, visando reduzir os custos financeiros dos empréstimos e favorecer a recuperação das atividades produtivas e das economias de regiões impactadas no Estado, em situação de calamidade e emergência.

São beneficiários os agricultores familiares enquadrados no Pronaf e os médios produtores rurais enquadrados no Pronamp, PF e PJ, que tiveram perdas ou danos de, no mínimo, 30% (trinta por cento) do valor da estrutura produtiva de sua unidade de produção rural, com destaque para máquinas, equipamentos, construções, instalações, animais e solos das áreas de produção agrícola e pecuária.

A contratação permanece disponível e o desconto será aplicado no ato da contratação sobre o valor financiado das operações de crédito rural a serem contratadas a partir de agora e até o dia 31 de dezembro de 2024 nas áreas afetadas pelos eventos climáticos extremos ocorridos no estado do Rio Grande do Sul.

“Em apenas duas semanas de crédito emergencial, conseguimos contratar um volume significativo de financiamentos para os produtores rurais gaúchos”, destaca Luiz Gustavo Braz Lage, vice-presidente de Agronegócios e Agricultura Familiar do BB. “Esse crédito, somado às outras ações negociais e operacionais diferenciadas em apoio à população atingida, reforça o papel do BB como maior parceiro do agronegócio brasileiro e gaúcho”.

Leia a reportagem na íntegra e veja outras medidas de apoio do BB

Via Banco do Brasil

Senado aprova marco legal para hidrogênio de baixo carbono com incentivos fiscais

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O PL define regras e benefícios para estimular a criação no Brasil de uma indústria de hidrogênio de baixo carbono

O Senado aprovou na noite de quarta-feira (19) o projeto de lei que estabelece marco regulatório para a produção de hidrogênio de baixa emissão de carbono, contemplando incentivos fiscais e financeiros para o setor que devem somar R$ 18,3 bilhões em cinco anos, segundo informações da Agência Senado.

O PL define regras e benefícios para estimular a criação no Brasil de uma indústria de hidrogênio de baixo carbono, um combustível renovável considerando peça-chave para a transição energética mundial, especialmente para reduzir emissões de setores de difícil descarbonização, como transportes e indústrias pesadas.

O Brasil já conta com uma série de projetos de hidrogênio “verde”, somando bilhões de reais em investimentos, mas ainda em fase piloto. Plantas para produção escala comercial estão no radar de empresas de diferentes setores, como a elétrica Eletrobras, a Petrobras e mineradora Fortescue.

O texto aprovado, sob relatoria do senador Otto Alencar (PSD-BA), prevê diferentes rotas de produção de hidrogênio de baixo carbono, como biomassas, etanol e outros biocombustíveis, e o hidrogênio por eletrólise da água, com fontes como solar, eólica, hidráulica e outras.

O PL cria o Regime Especial de Incentivos para a Produção de Hidrogênio de Baixa Emissão de Carbono (Rehidro), com incentivos que terão creditícios e tributários do Rehidro com vigência de cinco anos.

O Rehidro suspenderá a incidência do PIS/Pasep e da Cofins, inclusive os de importação, sobre a compra de matérias-primas, produtos intermediários, embalagens, estoques e de materiais de construção feita pelos produtores de hidrogênio de baixa emissão de carbono habilitados.

Além das empresas produtoras de hidrogênio de baixo carbono, poderão participar do Rehidro aquelas que atuarem no transporte, distribuição, acondicionamento, armazenamento ou comercialização do produto. Também serão beneficiadas as que produzirem biogás e energia elétrica a partir de fonte renovável destinados à produção de hidrogênio.

Segundo informações da Agência Senado, a previsão é de que os benefícios fiscais aos projetos do combustível atinjam 18,3 bilhões de reais em cinco anos.

Leia a reportagem completa

Via Forbes Brasil

BTG Pactual Timberland Investment Group to provide Microsoft with 8 million carbon removal credits

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Today, the BTG Pactual Timberland Investment Group (TIG) announced the execution of a carbon offset credit transaction with Microsoft. Under the terms of the agreement, TIG will provide Microsoft with up to 8 million nature-based carbon removal credits through 2043

The transaction is the largest known carbon dioxide removal credit transaction to date, according to MSCI Carbon Markets data. The credits will be delivered from TIG’s $1 billion reforestation and restoration strategy in Latin America, for which Conservation International serves as Impact Adviser to help TIG achieve positive environmental, climate, and social impacts.

The strategy focuses on the conservation, restoration, and planting of deforested and degraded properties in selected regions in Latin America, including the Cerrado biome in Brazil, one of the most biodiverse seasonally dry ecosystems in the world. Approximately half of the Cerrado has already been converted to other uses, and the biome continues to face high rates of commodity-driven deforestation.

With Conservation International’s support, the strategy aims to protect and restore approximately 135,000 hectares (more than 330,000 acres) of natural forests in deforested landscapes. The strategy also seeks to plant millions of trees in sustainably managed commercial tree farms, independently certified to Forest Stewardship Council (FSC)™ standards, on another approximately 135,000 hectares of previously deforested and degraded land. To date, TIG has invested in 37 thousand hectares, and has already planted more than 7 million seedlings and initiated restoration of approximately 2,600 hectares of natural forest.

This purchase is part of Microsoft’s ambitious commitment to be carbon negative by 2030, and by 2050 to remove from the environment all historical operational emissions since the company was founded in 1975. Microsoft has a portfolio of negative emission technologies including carbon removal credits.

TIG is also conducting trainings with local communities on seed collection to support the restoration of native species. In September 2023, TIG collaborated with the Mato Grosso do Sul Native Seed Network to provide native tree seed collection training for nearby community members. Seed collection can provide new sources of income by supplying a growing restoration market.

Read the full article

Via BTG Patcual / Timberland Investment Group

Startup de jovens brasileiros levanta mais de R$ 110 milhões em rodada de investimento nos EUA

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Kanastra cresceu dez vezes no ano passado e está competindo para ser produto de referência para mercado de fundos garantidos por ativos e valores mobiliários de R$ 1 trilhão no Brasil

A Kanastra, uma startup brasileira que fornece tecnologia de back-office para fundos de títulos lastreados em ativos (papéis de empresas interessadas em levantar capital que contam com garantias para os investidores), levantou mais de R$ 110 milhões em uma rodada da Série A liderada pela Kaszek, a maior empresa de capital de risco da América Latina.

A rodada segue um investimento inicial de quase R$ 70 milhões liderado pela Valor Capital, juntamente com a Quona Capital e a QED Investors.

A Kanastra cresceu 10 vezes no último ano e está lutando para ser o produto principal para o mercado de fundos e títulos lastreados em ativos de 1 trilhão de reais no Brasil, disse o cofundador e CEO Gustavo Mapeli em uma entrevista.

O crescimento dos títulos lastreados em ativos — especialmente dos fundos de dívida conhecidos como FIDCs — explodiu recentemente no Brasil. A Kanastra ajudou a estruturar 130 veículos desse tipo somando cerca de 7 bilhões de reais para clientes como Itaú, XP, Banco Votorantim e Patria, disse Mapeli.

Fundada em 2022, a Kanastra combina a plataforma de tecnologia com licenças regulatórias, fornecendo automação de operações, bem como ferramentas de dados e análises. A empresa, com cerca de 100 funcionários, também oferece serviços bancários como contas de garantia e pagamentos.

Leia a reportagem na íntegra

Via O Globo/Bloomberg Estados Unidos

BTG: trading compra empresa britânica de transição energética

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A aquisição da trading do BTG com o grupo de private equity Riverstone está sujeita à aprovação regulatória

A Engelhart, trading de commodities do Grupo BTG Pactual (BPAC11), concordou em adquirir a britânica Trailstone para criar um grande player no mercado de energia e lucrar com a volatilidade e a transição energética.

A aquisição da trading do BTG (BPAC11) com o grupo de private equity Riverstone está sujeita à aprovação regulatória. A operação será concluída no terceiro trimestre, de acordo com a Engelhart. Contudo, a companhia não divulgou os termos ou o valor do negócio.

Fundada em 2013, a Engelhart conta com sete escritórios em cinco regiões: Pequim, Xangai, Londres, Stamford, Genebra, Houston e Singapura. Segundo o site da empresa, são 180 profissionais que atuam na negociação de ativos em energia, metais, agricultura, entre outros.

BTG Pactual (BPAC11) está perto de anunciar compra de banco em NY

A aquisição de um banco de gestão de fortunas em Nova York está próxima de ser anunciada pelo BTG Pactual (BPAC11). O intuito é expandir a presença global, disseram fontes a par do assunto, em apuração da “Bloomberg”.

O BTG planeja injetar cerca de US$ 300 milhões a US$ 350 milhões em capital no banco, após a aquisição. A utilidade da instituição seria para oferecer serviços de private banking e gestão de fortunas, bem como para negócios de banco corporativo e de investimento, de acordo com as fontes.

Anteriormente, em setembro de 2023, o BTG Pactual adquiriu também o FIS Privatbank,  localizado em Luxemburgo, sob valor de €$ 21,3 milhões, e abriu um escritório em Madrid, Espanha.

Leia a reportagem completa

Por Luiza Gonçalves via BP Money

Baker McKenzie Earns 48 Practice Area and 95 Lawyer Rankings in Chambers USA 2024 Guide

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Baker McKenzie Earns 48 Practice Area and 95 Lawyer Rankings in Chambers USA 2024 Guide

Baker McKenzie recorded 48 practice area rankings and 95 lawyer rankings in the 2024 Chambers USA Guide, up from 42 practice area and 81 lawyer rankings in 2023. The Firm received a Nationwide Band 1 ranking for Corporate/M&A: Highly Regarded, reflecting the growth and increased depth of the team across the US.

The Firm maintained its Band 1 rankings in Tax: Controversy (Nationwide, 2013-2024), Tax (California: Northern, 2016-2024), Employee Benefits & Executive Compensation (California: San Francisco, Silicon Valley & Surrounds, 2013-2024), and Tax: State & Local (New York, 2021-2024).

Chambers and Partners ranks law firms based on technical legal ability, client service, commercial vision and business understanding, diligence, value for money and depth of team. Rankings are based on interviews with clients and peers as well as firm submissions.

View the full list of ranked lawyers and new practice area rankings by clicking here

Via Baker McKenzie

Brazil government will not insist on tighter tax credit rules, sources say

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The Brazilian government will not insist on a highly contested measure tightening rules for tax credits after the Senate sent it back, but there is still no decision on a replacement measure, two sources close to the presidential palace told Reuters on Tuesday

The Finance Ministry had included the measure last week in an executive order outlining tighter rules for the use of tax credits by companies. The measure triggered a strong backlash from the most affected industries, including the powerful agribusiness sector.

An executive order takes immediate effect but needs to be voted on by lawmakers within four months to remain valid. By sending it back to the government, in effect the order is canceled. The measure had aimed to raise as much as 29.2 billion reais ($5.52 billion) to offset a revenue loss of 26.3 billion reais from tax benefits passed by Congress for the payrolls of some economic sectors and small cities.
The government needs to find alternatives to compensate for the lost revenue, because the Supreme Court has ruled that Congress must approve compensation for maintaining payroll benefits. No alternative has been decided so far, the sources said. It will be up to President Luiz Inacio Lula da Silva’s economic team to rework a proposal that is more palatable to Congress and the industries.
As of Monday, Finance Minister Fernando Haddad was still betting that he would be able to negotiate the tighter tax credit rules with Congress, one of the sources said.

But after a conversation with Senate President Rodrigo Pacheco on Monday, Lula was convinced the measure would have no chance of succeeding, the source said.

Later on Tuesday, Haddad told reporters that his ministry has no plan B for the measure and that the Senate has assumed part of the responsibility for finding a solution.

Reporting by Lisandra Paraguassu, Maria Carolina Marcello and Victor Borges in Brasilia and Luana Maria Benedito in Sao Paulo; Writing by Peter Frontini; editing by Jonathan Oatis, Kylie Madry and Leslie Adler

Brasil exporta 724,7 mil toneladas de soja por dia, alta de 10,7%, diz Secex

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A exportação de soja do Brasil na primeira semana de junho somou 724,7 mil toneladas por dia, alta de 10,7% na comparação com a média do mês completo do ano passado, de acordo com dados da Secex (Secretaria de Comércio Exterior)

Na primeira semana de junho, a exportação somou 3,6 milhões de toneladas, segundo os dados que consideram cinco dias úteis.

O algodão segue como destaque da exportação das commodities agrícolas, com alta de 250,5% ante junho do ano passado, para cerca de 10 mil toneladas ao dia. Com isso, os embarques no mês quase superam o total do período completo do ano passado, com mais de 50 mil toneladas.

A exportação de café verde também registra alta de mais de 90% na média diária, para 12,7 mil toneladas ao dia.

Os embarques de milho registraram queda de 28,8% para 35 mil toneladas ao dia, ou 175,3 mil toneladas no acumulado da primeira semana do mês (cinco dias úteis).

Da mesma forma, as exportações de açúcar começaram o mês mais fracas, com recuo de 14%, para 117,4 mil toneladas ao dia.

Via Forbes Brasil

O BTG Pactual se comprometeu a doar R$ 20 milhões para apoiar o Rio Grande do Sul

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Juntos pelo Rio Grande do Sul

O BTG Pactual se solidariza com todos os afetados pelas enchentes no Rio Grande do Sul.
Nosso propósito de apoiar o momento de vida das pessoas e empresas se estende a situações de adversidade. Temos um grande compromisso com o Rio Grande do Sul e vamos totalizar R$ 20 milhões em doações para apoiar ações emergenciais e de regeneração do estado, além de ajudar empreendedores gaúchos na reconstrução de seus negócios.

Ações sociais

Em parceria com diversas iniciativas que atuam no Rio Grande do Sul, o BTG Pactual destinou doações a projetos sociais dedicados à reconstrução do estado.

Para conhecer as iniciativas apoiadas e para mais informações sobre doações, clique aqui.

Via BTG Pactual

Fundação Abrinq faz parceria com a Childhood Education International

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Com o objetivo de atrair pessoas importantes para a causa e fortalecer a garantia dos direitos das crianças e dos adolescentes no Brasil, a Fundação Abrinq firmou uma parceria com a Childhood Education International, organização voltada à promoção de Educação de qualidade na infância e adolescência

A parceria é um esforço da Childhood Education International com seu Center for Business Champions. A iniciativa busca ajudar representantes de causas sociais a criarem redes de influência com agentes importantes do setor empresarial. A finalidade é formar “campeões”, que defenderão e promoverão ativamente a causa da infância e adolescência.

No caso da Fundação Abrinq, a Childhood Education International está oferecendo formações para que a organização melhore ainda mais essa frente e fortaleça o diálogo com o setor privado, tudo em vista de uma realidade melhor para as crianças e os adolescentes no país.

“Estamos entusiasmados com a ideia toda. Acreditamos que a atuação dessas lideranças é fundamental na garantia dos direitos das crianças e dos adolescentes, então recrutar líderes que se destacam na sociedade para abraçarem a causa é um grande passo neste sentido”, conta Victor Graça, superintendente da Fundação Abrinq.

Via Fundação Abrinq

BNY Mellon Wins Top Honors at Global Custodian Awards

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For the second year in a row, BNY Mellon has been recognized as the top honoree at Global Custodian’s Leaders in Custody awards ceremony

The world’s leading industry publication dedicated to international securities services again named BNY Mellon Global Custodian of the Year.

Coming as BNY Mellon celebrates its 240th anniversary year, the honors are an affirmation of BNY Mellon’s status as a leader and pioneer of custody services, with $48.8 trillion in AUC/A as of March 31, 2024. Custody services are a foundational element underpinning the firm’s mission to deliver data-driven, innovative and integrated capabilities across all of its businesses. This approach ultimately delivers operational and investment alpha and resiliency to BNY Mellon’s global client base.

Emily Portney, Global Head of Asset Servicing, BNY Mellon said: “This award is a testament to BNY Mellon’s relentless client focus. We develop strong partnerships with our clients and bring the entirety of our firm to help accelerate their strategy and growth. We thank our clients for the trust they place in us and congratulate our colleagues across BNY Mellon who made this possible.”

To learn more about, click here.

Via BNY Mellon

Exportação de carne bovina do Brasil bate recorde em maio

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China permanece como principal destino, enquanto Estados Unidos e Chile também demonstram crescimento significativo

A exportação de carne bovina do Brasil somou 212 mil toneladas em maio, alta de 25,85% na comparação com o mesmo mês do ano passado, configurando um novo recorde mensal na série histórica, com o país vivendo um momento de maior oferta e preços competitivos, de acordo com dados preliminares da Secretaria de Comércio Exterior (Secex), divulgados na quinta-feira.

Esse volume exportado pelo Brasil, maior exportador global de carne bovina, considera o produto in natura, refrigerado ou congelado. O total de maio supera as 208,0 mil toneladas registradas em abril e o recorde anterior, de dezembro de 2023, de 208,4 mil toneladas, conforme dados da Secex apurados pela Reuters.

O valor exportado de carne in natura no mês passado, de 954,9 milhões de dólares, representa uma alta de 11,3% na comparação com maio de 2023, apesar de uma queda no preço médio do produto exportado de 11,6%, que foi mais do que compensada pela alta nos volumes.

As grandes exportações acontecem após o Brasil ter registrado um recorde abates de bovinos pelos frigoríficos no primeiro trimestre, conforme números do Instituto Brasileiro de Geografia e Estatísticas (IBGE) divulgados nesta quinta-feira, uma vez que a pecuária do país vive um ciclo de maior oferta de animais.

Destinos da carne bovina

A China segue como principal destino da carne brasileira, respondendo por 98.243 toneladas em maio, volume um pouco menor que o mês anterior, quando o país exportou 101.365 toneladas, mas mantendo a média cerca de 100 mil toneladas mensais, disse a Abiec.

Mas os destaques do período incluem as exportações para os Estados Unidos, que cresceram 64,6%, chegando a 13.186 toneladas, puxadas pelo aumento dos embarques de carne in natura, que mais que dobraram entre abril e maio, segundo a associação. O faturamento com as exportações para o mercado norte-americano foi de 83,4 milhões de dólares, um crescimento de 52,1%, em comparação ao mês anterior.

Os embarques para o Chile também cresceram 21,9% em maio ante abril, para 10.414 toneladas. A União Europeia importou 6.961 toneladas, com incremento registrado nos embarques de carne in natura,

Leia a reportagem na íntegra

Via Forbes Brasil

Morgan Stanley Foundation Announces $8 Million Grant to Feeding America to Address Child Hunger

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$8 million will support establishment or expansion of child and family feeding programs over four years

Morgan Stanley (NYSE: MS) today announced a grant of $8 million over four years to Feeding America® in support of programs that help address child hunger and improve equitable access to food among children and underserved populations. Since 2009, Morgan Stanley’s funding for Feeding America has totaled more than $50 million, helping to deliver more than 356 million meals to children and families. Additionally, Morgan Stanley employees have volunteered more than 130,000 hours for Feeding America food banks across the U.S.

“The Morgan Stanley Foundation has supported the Feeding America network of food banks for 15 years and counting as part of our core value of giving back and our longstanding commitment to children’s health,” said Joan Steinberg, Morgan Stanley’s Global Head of Philanthropy and President of the Morgan Stanley Foundation. “We are proud to build upon this partnership and continue to fund innovative solutions that reach communities across the country at risk of food insecurity.”

To learn more, please see here

Via Morgan Stanley

“Ciência transforma vidas”, diz brasileira premiada em programa internacional

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Pesquisadora Alicia Kowaltowski foi reconhecida pela L’Óreal-Unesco por contribuição para a biologia das mitocôndrias, principal fonte de energia das células

Desde cedo, Alicia Kowaltowski queria ser cientista. Incentivada pelos pais, ambos acadêmicos, se interessou pelas aulas sobre o corpo humano e se especializou em bioquímica. Sua pesquisa e contribuição para a biologia das mitocôndrias – organelas que agem como usinas de energia das células – lhe rendeu o Prêmio Internacional L’Oréal-UNESCO Para Mulheres na Ciência, que homenageia anualmente cinco cientistas do mundo todo.

“A ciência tem o poder de transformar vidas”, diz a pesquisadora.

Kowaltowski analisou as complexas reações bioquímicas que permitem aos seres humanos obter energia dos alimentos para viver. “Minha investigação contribui significativamente para a compreensão de possíveis doenças, como obesidade, diabetes e infarto.”

Na última semana, Kowaltowski esteve entre as pesquisadoras homenageadas na sede da UNESCO, em Paris, por suas pesquisas pioneiras em ciências da vida e do meio ambiente.

Hoje uma referência, Kowaltowski sempre teve exemplos de mulheres na ciência. Para ela, a falta de representatividade nunca foi um problema. “O grande desafio mesmo é ser cientista no país, porque não há incentivos para atuar na área”, diz. Apesar disso, a cientista não quer desanimar as próximas gerações. “Espero que minha trajetória inspire outras mulheres a seguirem seus sonhos e buscarem a excelência em suas áreas de atuação.”

Para uma carreira de sucesso na ciência, ela sugere: “Sejam curiosos, façam boas perguntas, estejam abertos a resultados inesperados, encontrem supervisores de apoio e nunca desistam. Explorar os limites do conhecimento nos dá resiliência para continuar ultrapassando limites e quebrando barreiras.”

Leia a reportagem completa
Por Fernanda de Almeida via Forbes Brasil

 

Jones Day at top of BTI All-Star list for third straight year

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Jones Day at top of BTI All-Star list for third straight year

Jones Day remains at the top of the list of BTI Consulting Group’s “Client Service All-Stars” for the third consecutive year, with seven lawyers.

BTI does not accept law firm submissions, self-referrals, or suggestions for inclusion in the report, but bases the rankings on interviews with leading legal decision makers at large organizations with over $700 million in annual revenue.

The seven Jones Day partners named as 2024 BTI Client Service All-Stars are:

  • Michael J. Gray – Labor & Employment, Global Co-Client Affairs Partner, Chicago
  • Jeffrey J. Jones (5-Year MVP) – Business & Tort Litigation, Detroit & Columbus
  • Carrie L. Kiedrowski – Intellectual Property; Technology, Cleveland
  • Laura F. Laemmle-Weidenfeld – Health Care & Life Sciences, Washington
  • Heather M. O’Shea – Practice Leader of Health Care & Life Sciences, Chicago
  • Efrat R. Schulman – Labor & Employment, Chicago
  • Peter J. Schwingler – Antitrust & Competition Law, Minneapolis & Washington

BTI research reveals five all new reasons clients single out their BTI Client Service All-Stars:

  • Ideas
  • Insights
  • First to Know.
  • Unequivocal
  • Looking Ahead

Learn more

By Jones Day

Inter&Co aposta em brasileiros na Flórida para crescer nos EUA

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O Inter&Co espera replicar seu desempenho no Brasil nos Estados Unidos, onde está mirando brasileiros em duas das maiores cidades da Flórida, disse o presidente-executivo do banco digital. A empresa se tornou um dos principais nomes no cenário de bancos digitais do Brasil e acumulou 32 milhões de clientes

Mas nos EUA, o banco digital precisará superar os obstáculos de construir sua presença do zero em um país onde empresas do setor têm tido dificuldades para conquistar espaço contra instituições financeiras estabelecidas.

O Inter lançou operações nos EUA com uma sede em Miami em 2021 e, em maio, expandiu presença física com um “lounge” para clientes em Orlando, um ponto de concentração de imigrantes e turistas brasileiros.

“Orlando é a cidade mais brasileira fora do Brasil“, disse à Reuters o presidente-executivo, João Vitor Menin. Segundo ele, o Inter tem como foco inicial brasileiros que viajam ou vivem nos EUA, para depois ampliar para outros clientes norte-americanos que queiram ter a chamada “conta global” do banco, em dólares.

Este ano, o Inter adquiriu os direitos sobre o nome do estádio de futebol de Orlando, onde atuam vários brasileiros, incluindo Marta.

O Inter tem 3,1 milhões de clientes de sua conta global, a maioria morando no Brasil, enquanto “um pouco mais” de 250 mil estão nos EUA, disse Menin.

“Quando a gente pensa nesse conceito de conta global, nós precisamos estar nos EUA, porque tudo gira em torno da economia dos EUA“, disse Menin.

O executivo afirmou que o mercado norte-americano representa “uma oportunidade, e não um desafio” para a empresa.

O Inter&Co tem meta de alcançar 60 milhões de clientes até o final de 2027. Se a taxa de crescimento atual for mantida, cerca de 6 milhões desses clientes devem ter contas globais, estimou Menin, acrescentando que o banco avalia no futuro uma possível expansão ao mercado europeu.

Leia a reportagem na íntegra

Por Andre Romani e Kylie Madry via Reuters

ONG de paraibana que mora em Nova York perfura mais de 50 poços para garantir água no Sertão: ‘Dar dignidade para o povo’

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Projeto é movido por voluntários e doações que pagam a perfuração de poços e outras ações sociais em diferentes estados do Brasil e EUA

O projeto de uma paraibana perfura poços para levar água para a população do Vale do Piancó, no Sertão da Paraíba. A organização sem fins lucrativos Love Together Brasil já perfurou mais de 58 poços que atendem escolas, hospitais, creches e comunidades rurais. Com sonhos ambiciosos, a fundadora do projeto iniciou a criação de um “oásis” educacional e esportivo contando apenas com doações de pessoas tocadas pelo projeto.

Nascida em Santana dos Garrotes, mas criada em Piancó, no Sertão da Paraíba, a paraibana Geralda Sarraf criou o projeto em 2013, mas só registrou a ONG em 2015. A sertaneja afirma que quer levar para o Sertão oportunidades que ela não teve, e se define como uma pessoa que sentiu na pele as dores dos moradores locais. “Temos que dar dignidade para o nosso povo”, afirma a fundadora.

Hoje, ela mora em Nova York, nos Estados Unidos, e explica que a organização é americana, realiza ações pontuais nos EUA, São Paulo (SP) e Brasília (DF), mas a intenção mesmo é levar água para o Sertão da Paraíba, atendendo cerca de 23 cidades vizinhas de Piancó, onde o projeto é concentrado.

Aqui no Brasil o projeto é presidido por Symony Miguel, que começou como voluntária da ONG, em 2015. Ela explica que o objetivo da Love Together Brasil é enfrentar a escassez de água que afeta toda a região. De acordo com ela, a principal ação do projeto é perfurar poços, mas também existe a atuação na defesa dos direitos sociais das crianças e adolescentes nas áreas de saúde e educação.

A criação do ‘Oásis’

A fundadora começou a construção de um “oásis” no Sertão, no último dia 1º de março. A ONG iniciou as obras do Centro Educacional, Cultural & Esportivo Oásis do Sertão, um espaço multifuncional em Piancó para prática de esportes, educação, cultura e saúde.

Leia a reportagem completa

Via g1 PB

Brazil economy picks up as shoppers spend more

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Brazil’s economy grew 0.8 percent in the first quarter, the government said Tuesday, a rebound boosted by consumer spending which analysts say could put the central bank on guard over inflation.

Brazil’s GDP was up 2.5 percent compared to the first quarter of 2023, said the Brazilian Institute of Statistics (IBGE).

Independent analyst Andre Perfeito noted a 1.5 percent increase in household consumption was a key factor in the first quarter growth, with more Brazilians working after a fall in unemployment.

William Jackson, chief emerging markets economist at Capital Economics, said the pace of growth and consumer spending “will raise (even more) concerns about inflation at the central bank.”

In May, the government raised its growth projection for 2024 to 2.5 percent.

However, it has warned the estimates do not take into account the devastation caused by historic flooding in the southern state of Rio Grande do Sul, one of the country’s largest economies.

Jackson said the growth rebound was “temporary… and doesn’t mark the start of a strong recovery.”

He said indicators pointed to a weaker second quarter, and Capital Economic estimates 2024 growth at 1.5-1.8 percent.

“The floods in Rio Grande do Sul may weigh on growth. And we doubt that the strength of agricultural production in Q1 will be sustained,” Jackson said.

Read the full story

Via AFP

Azul lança ferramenta de inteligência artificial própria em colaboração com Microsoft e Avanade

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O “AzulGPT” foi criado para trazer mais proteção de dados e eficiência operacional no cotidiano da companhia aérea

A Azul, companhia aérea brasileira, anuncia o lançamento do AzulGPT, uma plataforma de inteligência artificial generativa (IA) usando o Microsoft Azure OpenAI Service em conjunto com a Avanade. O AzulGPT representa ganhos de produtividade, processamento e análise de dados, respeitando os padrões de segurança e privacidade da empresa.

“Somos uma das primeiras companhias aéreas a adotar esse sistema no Brasil, demonstrando nosso DNA de inovação e compromisso com iniciativas que tornam a operação mais eficiente, além do cuidado do ponto de vista da proteção de dados corporativos. Com pouco tempo em funcionamento, já recebemos feedbacks positivos de áreas internas que aceleraram seus processos. Análises de feedbacks e NPS de Clientes, que antes exigiam semanas para serem categorizadas, agora são feitas em minutos”, afirmou Felipe Starling, Diretor de TI da Azul.

No dia a dia, o AzulGPT tem contribuído para a integração e compartilhamento de informações entre os Tripulantes, como são chamados todos que atuam na Azul, de diferentes bases. Naelly Oliveira, assistente de cultura e uma das mais adeptas ao produto na companhia, explica que a plataforma tem ajudado a esclarecer dúvidas sobre programas e eventos de maneira mais rápida. Além disso, tem sido importante para a construção de materiais, campanhas e formulários, reduzindo o tempo dedicado a essas tarefas em até três dias. Com isso, ela consegue direcionar mais atenção ao planejamento estratégico e criativo.

Leia o press release na íntegra

Via Azul Linhas Aéreas

Fishing for litter: the fight to lift wages for plastic waste pickers in Brazil

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Waste pickers have been described as the “hidden heroes” in the drive to tackle the global plastic pollution epidemic

The International Labour Organization estimates that more than 20 million people around the world earn an income from collecting, sorting and selling materials for recycling or reuse. The vast majority of them live in the Global South, and they are responsible for collecting 60% of all the plastic that gets recycled globally.

There are few countries that are so dependent on waste pickers for tackling plastic pollution as Brazil. According to Brazil’s Institute for Applied Economic Research (IPEA), informal workers, known as catadores, collect almost 90% of all recycled material in the country.

But with only 1% of plastic waste, and 4% of solid waste ever getting recycled, Latin America’s largest economy is a global laggard, as well as being the fourth-largest plastic producer in the world.

Maria Accioly, a specialist in circular economy at Rio de Janeiro-based non-profit BVRio, said part of the challenge in lifting recycling rates is finding ways to increase payments to informal waste collectors.

According to IPEA, garbage collectors earn an average monthly income of only $211, far below the minimum wage of $275.

Accioly points to the Fishing for Litter project, a partnership between BV Rio, Ogyre, an Italian social enterprise specializing in collecting waste from the oceans, and Ocyan, an energy company that operates in Brazil and abroad.

The project provides stable incomes to fishermen in Guanabara Bay, a spot known for being extremely polluted in Rio de Janeiro, if they spend part of their time collecting litter instead of fish. Although they only collect two days a week, the fishermen are guaranteed to earn Brazil’s minimum monthly wage, and further incentivized to hit waste-collection targets.

Another Brazilian startup, Green Mining, is paying waste collectors a minimum wage and guarantees their labor rights.

Rodrigo Oliveira, chief executive and co-founder of Green Mining, said it is contradictory that workers employed by multinational companies to extract virgin raw materials earn decent wages and are provided protective clothing while workers collecting recyclable material are not.

By Jennifer Ann Thomas, editing and additional reporting by Terry Slavin via Reuters

128th Boston Marathon® Presented by Bank of America Raises Record-Breaking $71.9 Million for Charitable Causes

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Event impact goes beyond 26.2 miles supporting hundreds of organizations

The Boston Athletic Association (B.A.A.) announced that the total funds raised through the 2024 Boston Marathon presented by Bank of America reached a record total of $71.9 million.

Combining funds raised through the 168 non-profit organizations in the Bank of America Boston Marathon Official Charity Program – $45.7 million – with other donations and fundraising from race participants, the 2024 total surpasses the previous record of $40.2 million set last year. This brings the total charitable fundraising since the program began in 1989 to over $550 million.

Nicole Juri, Director of Development for the B.A.A. said, “We set a high bar for our fundraising at the Boston Marathon this year and I am delighted to be able to share today that thanks to our amazing runners and supporters – we did it. This amount will have a huge impact on the Greater Boston community and all those who receive support and services from these incredible organizations.”

When it partnered with the B.A.A. to become the presenting sponsor of the Boston Marathon, Bank of America was very clear about its goal: To bring the Boston Marathon’s impact and reach to new heights – both on a national and global scale – in the years ahead. Through its My Marathoner campaign, the bank amplified the goal and mission of the Bank of America Boston Marathon Official Charity Program, helping create a platform for runners to share their stories and encourage the community to get behind their causes.

The Bank of America Boston Marathon Official Charity Program comprises nearly 10% of the Boston Marathon field size, with selected organizations utilizing their entries to recruit athletes who pledge to raise funds for their cause. A full list of organizations who were part of the 128th Boston Marathon presented by Bank of America can be found on the Bank of America Boston Marathon Official Charity Program page.

Details on how to apply to be part of the Bank of America Boston Marathon Official Charity Program for 2025 will be announced in the coming weeks.

Learn more

Via Bank of America

Esforço conjunto entre Departamento do Tesouro dos EUA e MPF no combate de crimes ambientais na Amazônia

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O Departamento do Tesouro dos Estados Unidos e o Ministério Público Federal (MPF) do Brasil estão unindo forças para enfrentar a crescente ameaça dos crimes ambientais na Amazônia e em outros biomas brasileiros. Esta colaboração visa impedir e prevenir que atores corruptos e organizações criminosas transnacionais explorem os recursos naturais para ganho financeiro.

O seminário, realizado na sede do MPF em 22 de maio, reuniu procuradores dos oito estados amazônicos, juntamente com órgãos brasileiros, como o COAF e o IBAMA. O foco foi entender as tipologias de crimes ambientais, métodos financeiros e estratégias eficazes de persecução penal.

Durante o seminário, os parceiros discutiram a situação atual das investigações de crimes ambientais no Brasil, identificando áreas para fortalecer a infraestrutura anticrime do país e implementar sanções para combater o crime ambiental. Além disso, o Tesouro dos EUA apresentou ferramentas destinadas a interromper o fluxo de financiamento ilícito proveniente desses crimes.

Alimentado por organizações criminosas transnacionais, o crime ambiental explora os recursos naturais para ganho ilegal, colocando em risco o meio ambiente e as comunidades locais. Reconhecendo a necessidade de ação imediata, tanto os EUA quanto o Brasil estão firmes em seu compromisso de combater esse crime e proteger seu patrimônio natural compartilhado. Esse esforço colaborativo marca um forte compromisso na luta contra o crime ambiental e na proteção da Amazônia, um ativo ecológico e econômico essencial para ambas as nações.

Saiba mais

Via U.S. Mission Brazil / Embaixada e Consulados dos EUA no Brasil

DLA Piper three-time winner at the Legal Innovation & Technology Awards 2024

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Global law firm DLA Piper was recognised three times at the Legal Innovation & Technology Awards 2024 held in London on 23 May

The firm was awarded the ‘Future of Legal Services Innovation’ for its disruptive and innovative approach to artificial intelligence (AI), while the DLA Design Thinking training programme bagged the award for ‘Outstanding Training Innovation’, and the Aiscension platform won the ‘Excellence in Litigation Technology’ category for its new bribery and corruption module.

DLA Piper’s winning approach to AI comprises 100+ AI-advising lawyers and data scientists revolutionising practice, collaborating with clients on innovation, liability, security, IP and ethics, influencing policy in the area and impacting the wider AI ecosystem, alongside the creation of novel legal and law-adjacent solutions under its Law& innovation arm.

The DLA Design Thinking programme was recognised for its creation and delivery of two bespoke training courses developed to embed an innovation mindset into the culture of the firm, and Aiscension’s bribery module for providing an AI-powered solution that’s faster, more accurate and more cost effective than any eDiscovery option on the market.

The prestigious awards, now in their 10th year, recognise visionary thinkers, pioneers, and game-changers who are reshaping the legal industry.

Read more here

Via DLA Piper

Investimentos ESG podem alcançar US$ 53 trilhões até 2025, mostra pesquisa

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Repensar papel e perfil dos conselhos de administração pode fazer empresas evoluírem nos aspectos ambientais, sociais e governança

Os investimentos classificados como ESG, que seguem indicadores ambientais, sociais e de governança, já representam mais de um terço do total de ativos sob gestão e podem chegar a US$ 53 trilhões (cerca de R$ 273 trilhões) até 2025, segundo levantamento da Bloomberg Intelligence.

Uma empresa que tem uma classificação de ESG ruim pode encontrar barreiras ao buscar investimento externo, pois os relatórios das agências de classificação são usados por investidores para fundamentar suas decisões.

Empresas que não obtiverem boas pontuações de ESG tendem a ser excluídas dos fundos e índices ESG, algo que já acontece no Brasil, por exemplo.

Com as mudanças climáticas se materializando tragicamente, as responsabilidades ambientais, sociais e de governança das empresas estão sendo cada vez mais cobradas por diferentes públicos, além dos investidores, como clientes, funcionários, comunidades e órgãos reguladores.

Os conselhos de administração das empresas devem aprimorar seu desempenho em relação ao ESG e à sustentabilidade em geral, recrutando membros com experiência especializada e repensando a alocação de recursos, recomenda a consultoria de gestão e auditoria multinacional EY.

Pode ser necessária, em algumas empresas, a criação de um Comitê Estratégico de Sustentabilidade dedicado a garantir que as decisões relacionadas à sustentabilidade estejam vinculadas à estratégia de negócios da companhia.

Outra recomendação é que a estrutura de remuneração executiva contenha condições de pagamento atreladas ao cumprimento de metas de sustentabilidade – uma forma explícita de influenciar o comportamento, as decisões, e a responsabilidade pela realização de ambições nas esferas ambiental, social e de governança, de curto e longo prazo.

No Brasil, uma nova norma de divulgações financeiras relacionadas a eventos climáticos extremos está sendo preparada pela Comissão de Valores Mobiliários (CVM). Além da adoção de um novo padrão de divulgações financeiras sobre sustentabilidade ser obrigatório a partir de 2026.

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Por Aline Scherer via CNN Brasil

PwC to become OpenAI’s largest enterprise customer amid genAI boom

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PwC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, the accounting giant said on Wednesday, as businesses rush to adopt and capitalize on generative artificial intelligence.

PwC will roll out ChatGPT Enterprise, a version of the Microsoft-backed AI startup’s chatbot aimed at large companies. The firm will provide ChatGPT Enterprise to its 75,000 U.S. employees and 26,000 UK employees, according to the Wall Street Journal which first reported the agreement.

The OpenAI agreement builds upon PwC’s previously announced plans to invest $1 billion in generative AI technology, the company said.

OpenAI has been making efforts to add enterprise customers beyond Microsoft.

Reuters reported in April that OpenAI CEO Sam Altman hosted hundreds of Fortune 500 company executives in San Francisco, New York and London, where he and other executives pitched AI services for corporate use, going head-to-head in some cases with Microsoft.

Learn more

Via Reuters

 

Desemprego no Brasil cai a 7,5% no tri até abril, menor nível em 10 anos para o período

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O Brasil registrou uma taxa de desemprego de 7,5% nos três meses encerrados em abril, em um resultado abaixo do esperado que marcou o nível mais baixo de desocupação para esse período em 10 anos, em um mercado de trabalho que segue aquecido

Os dados do Instituto Brasileiro de Geografia e Estatística (IBGE) divulgados nesta quarta-feira mostram que houve recuo de 0,1 ponto percentual em relação à taxa de 7,6% no trimestre imediatamente anterior, até janeiro. No mesmo período do ano passado a taxa foi de 8,5%.

O resultado do trimestre até abril marca a menor taxa de desocupação para esse período desde 2014, quando a taxa estava em 7,2%.

“Isso revela a manutenção da tendência de redução desse indicador, que vem sendo observada desde 2023″, destacou Adriana Beringuy, coordenadora da pesquisa. “A transição do primeiro trimestre para o segundo já mostra um desempenho mais positivo para o mercado de trabalho”.

A expectativa em pesquisa da Reuters para a taxa na Pesquisa Nacional por Amostra de Domicílios (Pnad) era de 7,7%.

De forma geral, especialistas avaliam que o mercado de trabalho brasileiro deve seguir aquecido com uma taxa de desemprego se acomodando em níveis mais baixos.

No entanto, esse cenário provoca alertas em relação à inflação e sua convergência para a meta, principalmente no que diz respeito ao aumento dos preços de serviços.

RIO GRANDE DO SUL

De acordo com Beringuy, essa pesquisa ainda não abrange o impacto da tragédia das chuvas no Rio Grande do Sul, que já deixou 169 pessoas mortas, mas o levantamento para maio já está em campo e só termina no começo de junho.

Leia a reportagem na íntegra

Por Camila Moreira e Rodrigo Viga Gaier

Via Reuters

Muito além da sala VIP: BTG lança terminal exclusivo em Guarulhos

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Voltado para passageiros da aviação comercial, terminal traz novo conceito: sem filas e com experiência personalizada no embarque e desembarque

O aeroporto de Guarulhos vai passar a oferecer um novo terminal a partir do segundo semestre. Desta vez, com um novo conceito: sem filas, com exclusividade e uma experiência personalizada de embarque e desembarque.

Batizado de Terminal BTG Pactual, o empreendimento traz para a América Latina um modelo que já vem sendo usados nos principais hubs do mundo, como de Los Angeles, Londres e Dubai.

Localizado um pouco depois do Terminal 3, o terminal BTG será um espaço completo, com 5 mil metros quadrados, com entrada totalmente dedicada.

Numa espécie de evolução da sala VIP, os passageiros eles farão todos os procedimentos, do check-in à passagem pela Polícia Federal e Alfândega, sem necessidade de acessar os demais terminais. Um carro leva o usuário até o voo na hora do embarque e já o aguarda na chegada, no caso de desembarque.

O valor de lançamento será de US$ 590, com desconto de até 20% para clientes que têm cartão do BTG Pactual.  Um serviço de concierge acompanha o passageiro desde a inscrição.

Um fundo de capital privado gerido pelo BTG Pactual está investindo R$ 80 milhões no empreendimento – na estreia do banco, já tradicional em outros segmentos de infraestrutura, no setor aeroportuário.

Além da maior agilidade no embarque, o novo terminal terá lounges privativos e salas de reuniões: tanto voltadas para a pista, para quem quer estar perto do embarque, quanto no que chama de face ‘terra’, para os passageiros que querem se encontrar com outras pessoas que não vão viajar.

Em construção há cerca de um ano, o Terminal está em fase final e deve ser inaugurado na segunda metade do ano, mas ainda sem data exata.

A previsão é que, no primeiro ano, o Terminal BTG Pactual receba cerca de 36 mil usuários ou cerca de 100 usuários por dia – com a concentração variando de acordo em diferentes horários, de acordo com os voos.

Leia a reportagem na íntegra

Por Natalia Viri via Exame Insight

Brazil and US agree to boost trade and investments to celebrate 200 years of diplomatic relations

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The Brazilian ministry of foreign trade, industry and commerce signed the agreement with the American Chamber of Commerce (AMCHAM) in Sao Paulo

Brazil and the United States marked 200 years of diplomatic relations on Sunday, May 26. On this date in 1824 United States recognized Brazil’s independence, signaling the beginning of extensive political, economic, and cultural ties.

In celebration of such an event, Brazil’s Foreign Trade Secretariat of the Ministry of Development, Industry, Commerce, and Services (Secex-MDIC) and the American Chamber of Commerce (Amcham) signed a memorandum in São Paulo with the purpose of conducting an unprecedented mapping of bilateral trade and investments between the two countries.

The study resulting from the partnership will provide detailed analyses of trade in goods and services, tariff structures, non-tariff barriers, and the socio-economic impact of Brazilian exports to the US. The report will include data on remuneration, gender composition, and the significance of trade for various cities and states.

In 2023, trade in goods between Brazil and the US totaled US$75 billion. US remains the second-largest destination for Brazilian exports, trailing China, and the third-largest supplier of foreign products to Brazil, with a 15.8% share of total Brazilian imports. The economic ties in the services and investment sectors are also significant.

Read the full article

Via MercoPress

Banco Mundial lança ferramenta que calcula os impactos da reforma tributária na renda das famílias

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Simulador de Imposto sobre Valor Agregado, SimVAT, usa evidências concretas com o objetivo de inspirar o texto final da reforma; mecanismo analisa novas ampliações da Cesta Básica na ajuda aos mais pobres.

O Banco Mundial lançou esta terça-feira (21/05) o Simulador de Imposto sobre Valor Agregado, SimVAT na sigla em inglês, ferramenta interativa que permite aos usuários estimar o impacto da reforma tributária na renda das famílias brasileiras. O objetivo é ajudar a promover uma reforma tributária mais inclusiva. Com o SimVAT, o usuário pode realizar simulações alternando diferentes elementos da reforma e ver os impactos distributivos em comparação com o regime tributário definido pelo Projeto de Lei Complementar 68/2024.

Imposto sobre Valor Agregado

Com o mecanismo também é possível fazer o cálculo tendo como base um Imposto sobre Valor Agregado, IVA, fixo de 20%.

Cesta Básica

Análises feitas com o SimVAT revelam que, em um sistema com uma alíquota padrão única, os 10% mais pobres da população brasileira pagariam o maior imposto sobre o consumo em relação à própria renda. A carga tributária para eles seria de 28% de sua renda. Para os 10% mais ricos, a carga tributária seria de apenas 8,2%. Já uma simulação do Projeto de Lei Complementar 68/2024 mostra que essa alternativa é capaz de reduzir as inequidades do sistema tributário. O SimVAT mostra ainda que novas ampliações da Cesta Básica podem ser uma maneira ineficiente de ajudar os mais pobres.

Um link para a ferramenta está disponível no site do Banco Mundial no Brasil: www.bancomundial.org.br

Por Mariana Ceratti, do Banco Mundial Brasil

Via ONU News

Mundo sustentável: 12 compromissos do Banco do Brasil com a sustentabilidade

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Como você imagina o mundo daqui a 10 ou 20 anos? Seja sua visão mais ou menos otimista, é muito provável que seus pensamentos tenham transitado por alguma questão que envolva o meio ambiente e as mudanças climáticas

E não é a toa, afinal, os temas relacionados a um planeta mais sustentável estão cada vez mais em evidência em todos os setores da sociedade, inclusive nos negócios. Pensar em uma economia verde, inclusiva e de baixo carbono é uma visão estratégica muito importante para qualquer empresa que esteja comprometida com uma agenda ASG. No Banco do Brasil não é diferente.

No final de agosto de 2023, o BB divulgou seus “Compromissos BB 2030 para um Mundo + Sustentável”,  uma atualização do documento lançado em 2021 e que listava as metas para promoção de negócios sustentáveis, investimentos e gestão responsáveis, dentro e fora do BB.

Agora são 12 compromissos que ampliam as metas e objetivos alinhados aos Objetivos do Desenvolvimento Sustentável propostos pela Organização das Nações Unidas (ONU), e impactam positivamente os negócios gerados pelo banco, a sociedade, a economia e o mundo inteiro.

Quais são os novos compromissos do BB pela sustentabilidade?

No documento de 2021, os compromissos do BB estavam distribuídos por três eixos temáticos: Negócios Sustentáveis, Investimento Responsável e Gestão ASG. Agora, o BB acredita em quatro, com a adição do eixo Impactos Positivos na Cadeia de Valor.

Outra atualização foi na quantidade de desafios, passando de 10 para 12 compromissos. Até 2025, o BB promoverá a Inclusão Financeira e o Reflorestamento e a Conservação Ambiental.

As metas a serem atingidas são:
– Renegociar dívidas de 2,5 milhões de clientes com renda de até dois salários;
– Alcançar um milhão de empreendedores com créditos;
– Alcançar um milhão de hectares conservados ou reflorestados;
– Reforçar práticas que promovam a recuperação de pastagens e áreas degradadas e assegurem o desmatamento ilegal zero nos financiamentos BB.

Se você gostou e quer saber o que mais  o BB tem feito pelas causas sustentáveis, você pode conferir mais sobre as ações em: sustentabilidade.bb.com.br.

Leia a reportagem completa em Blog BB

Cleary Gottlieb Wins Three IFLR Americas Awards 2024

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Cleary Gottlieb received three International Financial Law Review (IFLR) Americas Awards 2024 at IFLR’s annual awards ceremony, recently held in New York.

Cleary was recognized with the following awards:

Notably, this is the 10th year in a row that Cleary has been recognized for advising on the Restructuring Deal of the Year.

The IFLR Americas Awards focus on legal innovation through dealmaking and celebrate work that improves the cross-border investment environment.

Learn more about the awards here.

Via Clearly Gottlieb

Timeless Leadership: Bridging Classical Philosophy and Modern Business

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In an era where the fusion of ancient wisdom and contemporary business ethics is more crucial than ever, the insights of classical philosophers prove to be remarkably relevant.

Founded by three visionary Brazilian entrepreneurs, In Search of Truth (Em Busca da Verdade, in Portuguese) is a pioneering classical education company dedicated to uncovering the profound impact of Plato’s and Aristotle’s political philosophies on today’s corporate landscape. By adapting timeless principles of governance and ethics to modern business challenges and leadership strategies, this approach offers an unparalleled intellectual toolkit for business owners and CEOs.

What started as casual philosophical discussions among friends has evolved into the largest initiative for cultivating classical leadership in Brazil. Today, In Search of Truth boasts over 700 students, including some of the nation’s most influential business leaders.

This dynamic intersection of business and philosophy has propelled the company onto the international stage. In May, they captivated audiences with their insights at the University of Cambridge in the UK, Harvard University in Boston, IESE Business School in New York, and at prestigious events in Silicon Valley and Dallas.

Via EIN Presswire

Plano Real: 30 anos do projeto econômico que transformou o Brasil

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O Plano Real combateu a hiperinflação, promoveu crescimento e estabilidade econômica

A crise econômica da década de 1990 era resultado das gestões do período da Ditadura Militar. Os impactos do regime foram severos, e o país sofria com endividamento externo e uma inflação elevada, que aumentava drasticamente o custo de vida dos trabalhadores.

Em junho de 1994, um mês antes do lançamento do Plano Real, a inflação acumulada em 12 meses era de quase 5.000%. Embora tenha encerrado 1994 com 916%, a inflação caiu para 22% no ano seguinte. A economia enfrentava recessão, alto desemprego, rápida desvalorização dos salários e um aperto monetário que interferia em todos os aspectos da vida cotidiana dos brasileiros.

“O Plano Real foi o maior projeto de organização da economia brasileira desde a proclamação da República”, afirma Vinícius Müller, doutor em História Econômica e professor do Insper. Em maio de 1993, Fernando Henrique Cardoso foi nomeado Ministro da Fazenda pelo Presidente Itamar Franco, assumindo o compromisso de combater a hiperinflação.

O plano envolvia fatores macroeconômicos, monetários e psicológicos, com a criação da URV (Unidade Real de Valor). Segundo Müller, o plano focou na reorganização econômica por meio de ajuste fiscal, continuidade da abertura econômica e diminuição do papel empresarial do governo.

Os benefícios do Plano Real foram diversos. Ele estabilizou a economia, facilitou o acesso ao crédito para os mais vulneráveis, promoveu crescimento econômico regular, aumentou o salário mínimo em termos reais e, o mais importante, reduziu a pobreza absoluta, melhorando as condições de vida da população mais carente no Brasil.

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Por Poliana Santos via Forbes Brasil

Copa Airlines announces 3 new destinations to Mexico, Brazil, and USA

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Copa Airlines, a subsidiary of Copa Holdings, S.A. and a member of the Star Alliance global airline network, announces the start of operations, in June of this year, to three new destinations: Tulum, Mexico, Florianopolis in Brazil, and Raleigh-Durham in North Carolina, United States. With the addition of these routes, Copa Airlines expands its network to 85 destinations in 32 countries across Central, South, North America, and the Caribbean.

  • With the addition of Raleigh-Durham, the airline strengthens its presence in the United States, reaching a total of 16 destinations in that market.
  • Florianopolis, the “Island of Magic,” becomes Copa Airlines’ 7th destination in Brazil, the primary air market in Latin America.
  • The new route to Tulum, Mexico, consolidates the airline’s presence in Mexico with five destinations, providing a faster and more convenient alternative for traveling to this renowned tourist destination in the Riviera Maya.

With the aim of expanding its connectivity in the important Brazilian market, starting from June 25, Copa Airlines will fly to the city of Florianopolis, the capital of the state of Santa Catarina in southern Brazil. Known as the “Island of Magic” for its more than 100 stunning beaches with crystal-clear waters and white sands, this city offers a rich culture and Azorean architecture, along with natural diversity encompassing ecotourism, trails, and natural parks. Considered one of the friendliest capitals in the country, Florianopolis is a true paradise for surfing enthusiasts.

The city of Florianopolis becomes the seventh destination for the airline in Brazil. Copa Airlines’ flight to Florianopolis will initially operate with three weekly frequencies on Tuesdays, Thursdays, and Sundays. Departing at 3:23 p.m. from Panama (local time) and arriving at Hercilio Luz International Airport at 12:22 a.m. (local time). The return flight will depart from Florianopolis at 1:25 a.m., reaching Panama at 6:30 a.m. (local time) on Wednesdays, Fridays, and Mondays.

Passengers interested in traveling to or from the cities of Tulum, Florianópolis, and Raleigh-Durham can make their reservations at www.copa.com, sales offices, and the call center.

Maintaining its leadership in the region, Copa Airlines was recognized by the renowned company Cirium as the “Most Punctual Airline in Latin America in 2023,” achieving an on-time arrival rate of 89.46% and an on-time departure rate of 91.71% for the year. This recognition, placing us among the top 3 most punctual airlines globally, has been awarded by Cirium on nine occasions.

Learn more

Via Aviator

 

Piauí sedia G20 como exemplo de combate à fome nos últimos 20 anos

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Estudo revelou que programas sociais transformaram a realidade do estado nos últimos 20 anos e podem ser replicados em outros países. Encontro do G20 Social apresenta também as contribuições dos ministérios para o debate

Ao longo desta semana, o Piauí é palco das discussões internacionais do G20 para o combate à fome e à pobreza no mundo. O estado brasileiro viveu um período de profunda transformação social nas últimas duas décadas, impulsionado por programas como o Bolsa Família. É o que mostra o estudo “Mapeamento dos índices de desenvolvimento social”, desenvolvido pelo pesquisador Antônio Claret e apresentado, nesta segunda-feira (20), na reunião do G20 social em Teresina (PI).

Segundo Antônio Claret, uma combinação de fatores e de políticas tiveram um papel relevante, além da atuação da sociedade e do setor empresarial, no desenvolvimento de uma nova realidade para as pessoas que vivem na região. O Índice de Desenvolvimento Humano (IDH) do estado, que mede o bem-estar da população, passou de 0,48 em 2000 para 0,71 em 2020, um crescimento de 48%. Esse avanço coloca o Piauí na faixa de desenvolvimento humano “alto”, segundo a classificação do Programa das Nações Unidas para o Desenvolvimento (PNUD).

Diante do sucesso da experiência no estado, o pesquisador acredita que a apresentação do estudo pode contribuir com o debate no G20. “A perspectiva é mostrar aos outros países os avanços que nós tivemos no Piauí para que as políticas públicas de sucesso, que foram adotadas no Brasil e no estado, possam servir de referência para outros países no mundo, em patamares semelhantes de desenvolvimento humano.” explica Claret.

A reunião do G20 Social antecede a 3ª reunião técnica da Força-Tarefa para construção da Aliança Global.

Leia a reportagem na íntegra

Via G20.org

Simpson Thacher Named “Equity Team of the Year” at IFLR Americas Awards 2024

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Simpson Thacher was named “Equity Team of the Year” at the IFLR Americas Awards 2024. The Firm was recognized for its work advising on numerous complex cross-border capital markets matters over the past year, including Ambipar Response’s de-SPAC with HPX Corp., the U.S. IPO and NYSE listing of Vesta, and a R$1.7 billion follow-on offering by Diagnósticos da América, among others.

The IFLR Americas Awards honor the region’s most legally innovative cross-border transactions of the year, as well as the teams and firms behind them. To see the full list of winners, please click here (subscription required).

Via Simpson Thacher

Commitment to reducing methane emissions

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Broadening our ambition in greenhouse gas reduction

Standard Chartered enhances net zero roadmap with commitment to deliver methane (CH4) emissions reduction target. A methane target aligns with our focus on reducing carbon dioxide-related (CO2) financed emissions and supports our ambition to be net zero by 2050. The Group has committed to set a baseline and identify a science-based target for sector-specific methane emissions by 2025.

Following our 2023 Annual Report and in line with our position statements, we have updated our approach to greenhouse gas emissions reduction by turning our attention to the methane emissions resulting from client activities. This new target, applicable to the oil and gas sector, builds on best practice and the stated ambition of leaders in the industry to address methane emissions, as outlined at COP28.

The monitoring and reporting of methane emissions remains nascent. When compared with the equivalent carbon dioxide emission profile, the impact of methane emissions is significantly higher, with estimates placing it at more than 25 times more potent, making it a critical lever in seeking to mitigate climate change. By taking action on methane-related emissions, Standard Chartered will work alongside its clients in transition to address a broader base of greenhouse gas emissions and seek outcomes that align with the Paris Agreement.

Read the full article

Via Standard Chartered

 

 

Brasil propõe grupo internacional sobre bioeconomia para o G20

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Uma das propostas apresentadas pelo Brasil, no Encontro dos Líderes de Pesquisa Agrícola do G20 (MACS-G20), é a criação de um grupo temático dedicado a debater e propor questões sobre bioeconomia. Chamada de GIB (Iniciativa G20 sobre Bioeconomia, na sigla em inglês), a proposta é defendida pela comitiva brasileira que ressalta a importância do tema. “O G20 deverá ser o primeiro fórum mundial a tratar o tema em um debate exclusivo e, aqui no Brasil, o esforço conta com a participação de 12 ministérios”, declarou Daniel Lodetti, da Coordenação-Geral de Desenvolvimento Sustentável do Ministério das Relações Exteriores, instância responsável pela liderança nessa proposta.

O Brasil propõe que os países e as organizações internacionais compartilhem experiências exitosas em bioeconomia e definam esse campo, que ainda conta com muitas interpretações. “Ainda não há consenso mundial sobre a definição do termo. Por isso, o Brasil quer começar a padronizar o conceito e ter o G20 como o pioneiro nesse tema e, com isso, esperamos espalhar a iniciativa para outros fóruns globais”, explica o coordenador da edição deste ano do MACS-G20, Marcelo Morandi, chefe da Assessoria de Relações Internacionais da Embrapa.

Voltada à produção sustentável baseada na biodiversidade e nos recursos naturais, a bioeconomia tem ganhado espaço no Brasil e no mundo, de acordo com Morandi. Uma das principais vertentes do tema, atualmente, é a substituição de matérias-primas fósseis por similares naturais. É o caso de fertilizantes, estimulantes de crescimento e pesticidas à base de microrganismos como fungos e bactérias, inofensivos ao meio ambiente e à saúde humana. Morandi informou que o emprego de bioinsumos tem crescido a cada ano.

Bioeconomia combate a pobreza e aumenta a sustentabilidade

“A bioeconomia será capaz de garantir a segurança alimentar e promover resiliência às mudanças do clima”, defendeu a diretora de Negócios da Embrapa, Ana Euler, durante o evento. Segundo ela, a base biológica deverá substituir no longo prazo inúmeros produtos de origem fóssil, de combustíveis a fertilizantes. “Essa é a base do Programa Nacional de Biofertilizantes [do Brasil]”, ressaltou exemplificando com bioinsumos desenvolvidos pela Embrapa: um para combate de pragas e estimulante de crescimento de soja, outro que promove obtenção de fósforo já presente no solo pela planta e um terceiro que ajuda a planta a resistir à seca. Todos têm bactérias em sua composição.

Euler também defendeu a bioeconomia como mecanismo de desenvolvimento social. “Na Amazônia, somente em 2021, as tecnologias da Embrapa focadas na sócio-bioeconomia criaram 3 mil empregos diretos e promoveram um impacto de mais de US$ 30 milhões na região”, contou a diretora ao relatar que há mais de 100 tecnologias que atendem hoje a mais de 50 cadeias produtivas.

“Esperamos entregar uma base de alto nível em bioeconomia que vai subsidiar a reunião de líderes de governo do G20, que se reunirão no Rio de Janeiro, este ano”, concluiu Lodetti.

Leia a matéria na íntegra

Por Fabio Reynol e Marita Cardillo via Embrapa

Análise Advocacia Regional Destaca o BMA entre os Escritórios Full-Service Mais Admirados de São Paulo

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A quarta edição do Análise Advocacia Regional reconheceu o BMA como um dos escritórios full-service mais admirados do Estado de São Paulo.

O guia, organizado pelo Análise Editorial, avalia os escritórios mais admirados em 22 estados brasileiros e no Distrito Federal. São mais de 1.000 escritórios participantes, distribuídos em 110 cidades brasileiras. A pesquisa conta com a participação de heads dos departamentos jurídicos, financeiros e os responsáveis setoriais das maiores empresas do país.

Este reconhecimento é fruto da nossa atuação multidisciplinar em busca de soluções inovadoras para os desafios do mercado.

Parabenizamos todo o Time BMA por mais essa conquista e pelo trabalho desenvolvido ao longo do último ano, que possibilitou o reconhecimento de variados players do mercado, a quem agradecemos a confiança em nosso escritório.

Via BMA Advogados

Inter&Co Expands Presence in U.S. with Grand Opening of New Lounge in Orlando, Florida

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The financial super app aims to serve as a central hub for Latinos and Brazilians living in Florida

Inter&Co (NASDAQ: INTR), the financial super app serving over 31 million customers across the Americas, announced the launch of its first Inter&Co Lounge in the United States, located at 5407 International Drive in Orlando, Florida. The grand opening event took place Friday, May 10th, 2024.

Last week’s inaugural ceremony was graced by distinguished guests, including a prominent audience from Exploria Resorts, Visit Orlando, the Orlando Economic Partnership, among others. Notable figures such as John Hugh “Buddy” Dyer, Mayor of Orlando, Commissioner of Orlando’s District Six Bakari F. Burns, and Brazilian Ambassador João Lucas Quental, Consulate General of Brazil in Orlando, were among the esteemed attendees, marking a pivotal moment for the city of Orlando.

With a considerable Brazilian community of over 105,000 residing in the vibrant state of Florida as per World Population Review, and welcoming over 1 million Brazilians visitors annually, the inaugural Inter&Co Lounge aims to cater specifically to their needs. Serving as a central hub, clients and partners can access services such as money transfers, consultations with financial specialists, and mortgage assistance, among others.

The grand opening event featured a ribbon-cutting ceremony to mark the formal launch of the location, followed by a showcase of the latest offerings. Around 50 attendees had the opportunity to engage with the Inter&Co team and local dignitaries, exploring the lounge’s unique selection, and enjoying catered refreshments.

“We are thrilled to double down on our commitment to the Orlando community with the opening of our inaugural Inter&Co Lounge on International Drive,” said João Vitor Menin, CEO of Inter&Co. “This expansion underscores our commitment to meeting the diverse needs of our customers and offering them a convenient experience tailored to their preferences.”

FOR IMAGES OF THE INTER&CO LOUNGE, CLICK HERE

Read the full article

Via Inter&Co

 

United Airlines Expecting Record Passenger Numbers Over Memorial Day Weekend

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Star Alliance member United Airlines is gearing up for its busiest Memorial Day weekend in the carrier’s history, with an astounding three million passengers expected onboard. This represents a 5% increase compared to last year.

Each day between May 23 and 28, more than half a million travelers will check-in, head to the airport, and then take a flight with the Chicago-based carrier. This number of passengers represents up to three takeoffs every minute, reaching 4,400 flights daily over the holiday period. With 25,000 more passengers per day than witnessed over Spring Break this year, the airline expects the busiest day as May 23, which will see 520,000 booked to travel.

Popular destinations

Escaping somewhere warm seems to be at the top of everyone’s Memorial Day travel list, with Orlando and Las Vegas remaining popular domestic choices; however, heading south of the border, the Mexican destinations of Oaxaca International Airport (OAX) and Tampico International Airport (TAM) seeing a 30% increase in demand, both of these destinations are served directly to Houston Intercontinental (IAH), by United, with Oaxaca only having international competition from close neighbor American Airlines, witit’s’s direct service to Dallas Fort/Worth.

Further afield, Vancouver, British Columbia, and Tokyo Narita, Japan, have seen year-on-year double-digit growth across the Memorial Day weekend.

Read the full article

By Aaron Bailey via SimpleFlying

Espasso Presents Fernando Mendes: From Sketch to Varnish

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Espasso presents new pieces by Fernando Mendes, celebrating twenty years of his design career and his first solo exhibition in the USA. The exhibit “Fernando Mendes: From Sketch to Varnish” formally introduces the architect, designer and woodworker to the international contemporary design market as an established and successful Brazilian creator. It will launch on the evening of Thursday, May 16th, coinciding with the start of New York’s major design festival, NYCxDESIGN, and will be open to visitors during Espasso’s regular business hours through June 2024.

Opening Cocktail
Date: Thursday, May 16, 2024
Time: 6 PM – 9 PM (ET)
Location: ESPASSO | 38 N Moore Street, New York, NY 10013

About ESPASSO
Established in 2002, ESPASSO (link) is committed to conserving Brazil’s rich 20th century design heritage and expanding its global reach, while promoting the new creative generations and today’s leading designers.

RSVP
Please RSVP by clicking here

 

Join the Opening of DLA Piper’s Office in Brazil

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Join DLA Piper in São Paulo for networking and cocktails

Please join us as we celebrate the opening of DLA Piper’s office in Brazil. Our team works as a foreign legal consultancy practice under US law to serve Brazilian and international companies with cross-border matters.

For registration, please contact DLAPiperAmericas@us.dlapiper.com

 

Mubadala Capital planeja investir R$ 68,5 bi em biocombustíveis no Brasil

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Fundo soberano que pertence ao governo do Emirado de Abu Dhabi já possui investimentos no país

A Mubadala Capital, de Abu Dhabi, pretende investir cerca de US$ 13,5 bilhões (R$ 68,5 bilhões na cotação atual) em um grande projeto de biocombustíveis no Brasil durante a próxima década, dentro de planos mais amplos para o país que incluem a criação de uma nova bolsa de valores, informou o Financial Times neste domingo (5).

A instituição é um dos principais fundos soberanos de investimentos no mundo, que pertence ao governo do Emirado de Abu Dhabi. Seus ativos sob gestão são da ordem de US$ 276 bilhões (R$ 1,4 trilhão). São cerca de 50 investimentos em mais de 50 países, informa o site da Mubadala, nos setores aeroespacial, petróleo e outros combustíveis, produtos renováveis e serviços públicos e de defesa. Entre as parcerias do fundo estão nomes como Boeing, Petronas, Siemens, Rolls-Royce, Equinor e Statkraft.

No final do ano passado, a Mubadala Capital havia sinalizado que pretendia investir mais de US$ 1 bilhão por ano para ampliar as participações que já tem no Brasil. Em outubro de 2023, o Mubadala adquiriu 10% das ações que a Novonor ainda detinha da Atvos (ex-Odebrecht Agroindustrial), com o objetivo de apostar em biometano, etanol de milho e combustível de aviação sustentável (SAF, na sigla em inglês).

Na ocasião, o fundo anunciou um aporte de R$ 350 milhões para construir uma usina de biometano no município de Nova Alvorada do Sul (MS), onde já controla a usina Santa Luzia, produtora de etanol. A Atvos informou que a previsão é iniciar as obras ainda em 2024.

Via Forbes Brasil

Azul implementa uso consciente de combustível em dois importantes aeroportos

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As bases da companhia em Foz do Iguaçu, no Paraná, e em Navegantes, em Santa Catarina, são os mais recentes terminais a adotar o APU Zero – iniciativa que reduz o uso de querosene das aeronaves em solo em mais de 70%

A Azul Linhas Aéreas, em parceria com o Aeroporto Internacional de Foz do Iguaçu/Cataratas, no Paraná, e o Aeroporto Internacional de Navegantes – Ministro Victor Konder, em Santa Catarina, iniciou a aplicação de um conjunto de ações para minimizar o uso do APU durante o embarque e desembarque dos voos da companhia. Com essa medida, dois dos mais relevantes aeroportos do Sul do país passam a fazer parte do grupo de 20 bases que contribuem para a diminuição de até 73% no consumo de querosene das aeronaves enquanto estão em solo.

O Auxiliary Power Unit (APU), ou Unidade Auxiliar de Energia, é um motor auxiliar localizado na cauda de alguns aviões, utilizado para manter os sistemas operacionais quando a aeronave está em solo. Graças ao programa e ao apoio dos aeroportos, os voos da Azul, ao aterrissarem, são prontamente conectados a uma fonte externa de energia elétrica e ar-condicionado, proporcionando conforto aos Clientes durante o embarque e desembarque, sem a necessidade de acionar o APU e consumir combustível.

O APU Zero, que já completa dois anos, teve o Aeroporto de Viracopos (VCP), em Campinas (SP), como pioneiro em abril de 2022.

Nesses dois anos de operação, a Azul economizou 50 milhões de litros de QAV (Querosene de Aviação), o equivalente a 20 mil voos entre os aeroportos de Congonhas (SP) e Santos Dumont (RJ). O programa também contribuiu para a redução de 128 mil toneladas de CO2, desempenhando um papel crucial na preservação ambiental e na mitigação das mudanças climáticas. Essa diminuição corresponde à absorção de CO2 por cerca de 5,8 bilhões de árvores em um ano.

Leia a reportagem na íntegra.

Por Luiz Fara Monteiro via Notícias R7

 

U.S. Consulate General in Porto Alegre Suspends Visa Services from May 8-24

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The U.S. Consulate General continues to mourn the loss of life and property owing to the disastrous weather situation in Rio Grande do Sul. With the safety of the public and our staff as our top priority, the U.S. Consulate General in Porto Alegre will remain closed to the public, including for visa services, through May 24, 2024. We will remain available 24/7 to provide services to U.S. citizens with emergencies.

All applicants with routine appointments scheduled for these days will receive information about how to reschedule their appointments.

Those interested in obtaining a visa to the United States may apply at the Embassy in Brasilia or at the U.S. Consulates in São Paulo, Rio de Janeiro, and Recife.

Via U.S. Embassy & Consulates in Brazil

Introducing A&O Shearman: Pioneering Legal Excellence in Brazil and Latin America

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Launched on May 1, 2024, A&O Shearman demonstrates a longstanding commitment to the Brazilian economy, as evidenced by its legacy firms. Our team works with lawyers across our global network, continuing to pioneer and refine financial products, catering to Brazil’s dynamic market trends and delivering exceptional outcomes for our clients in Brazil and across Latin America. We have extensive expertise in capital markets, project development and finance (including in the infrastructure, energy, mining and agriculture sectors), M&A, corporate governance, dispute resolution and investigations, and are recognized for our innovative approach to complex legal challenges. Our team possesses deep knowledge of the Brazilian market and its legal nuances, Brazil’s diverse cultures and the forces shaping its political, regulatory and economic landscape.

Learn more about A&O Shearman

KPMG Announces 2024 U.S. Impact Plan

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KPMG LLP, the U.S. audit, tax, and advisory firm, published its 2024 U.S. Impact Plan reporting the firm’s efforts and related metrics in environmental sustainability, social responsibility, and robust governance practices for the fiscal year ending September 30, 2023. This report details KPMG’s ongoing commitment to these areas since the release of its inaugural report in 2022.

Each year, the KPMG U.S. Impact Plan highlights the firm’s continued investments and accountability across four key pillars: People, Planet, Prosperity, and Principles of Governance. These pillars serve as the cornerstones of our business and are instrumental in driving our ongoing success as an industry leader.

Key highlights include:

1. PEOPLE: Empowering KPMG professionals and fostering their well-being, with a focus on 4 key areas

Growing capabilities, Working smart, Leading at every level, and Thrive@KPMG

2. PLANET: Reducing the firm’s greenhouse gas emissions

28% reduction in the sum of the firm’s scope 1 and 2 emissions since 2019 and more

3. PROSPERITY: Creating a world with equity and access to opportunity for all

$17.4 million in funds to organizations in support of the KPMG U.S. Foundation’s mission and vision of a world underscored by equity and access to opportunity and more

4. PRINCIPLES OF GOVERNANCE: Harnessing the power of artificial intelligence (AI)

Over the course of 2023, KPMG made generative AI capabilities available to all of its professionals and provided training and development offerings to help them effectively harness the technology to enhance the quality of client services and improve their own experience at the firm

“This work serves as the foundation for how we make the difference at KPMG and reflects our dedication to creating long-term value for our people, clients, society and the planet,” said KPMG U.S. Deputy Chair and COO Laura Newinski. “Through our journey, we aim to inspire others to take action and embrace sustainable practices by sharing insights that can empower others to make a positive impact and contribute to a more sustainable future.”

Read the 2024 KPMG U.S.Impact Plan

Learn more via KPMG

Baker McKenzie Shortlisted for 22 Women in Business Law Awards 2024

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Global law firm Baker McKenzie and Estudio Echecopar, member firm of Baker & McKenzie International, have been shortlisted for a total of 22 Women in Business Law Americas Awards for 2024

The awards, launched in 2011, recognize the ground-breaking achievements by leading women lawyers across the Americas, as well as the most progressive law firms and in-house teams whose policies and initiatives support women in the practice of law. Baker McKenzie and Estudio Echecopar were also shortlisted in several law firm award categories. The full listing is available here.

Winners will be announced on June 13th at an in-person ceremony at the Union League Club in New York.

See the full listing

Via Baker McKenzie

Americana Columbia Capital estreia no Brasil com aporte de R$ 200 milhões

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Investimento foi realizado na startup Indicium, especializada na aplicação de dados na gestão empresarial

Para aumentar as margens de lucro e otimização de processos, a inteligência de dados propõe transformar informações aparentemente irrelevantes em algo útil para os negócios. As ferramentas tem o objetivo de aproveitar tanto os dados gerados nas empresas como informações sobre concorrentes e o mercado como um todo.

A Indicium, companhia catarinense de dados fundada em 2017, recebeu US$ 40 milhões (R$ 200 milhões) em uma rodada série A do fundo de venture capital americano Columbia Capital. Essa é a primeira vez que o fundo aporta em uma empresa brasileira.

A empresa usará o investimento para a expansão nos Estados Unidos. Tudo isso, para se consolidar como uma empresa de Modern Data Stack, tecnologia que permite que dados sejam processados de forma eficiente para a tomada de decisões.

Para Matheus Dellagnelo, cofundador e CEO da Indicium, o modelo de negócios baseado no uso de metodologias avançadas, permitiu um crescimento de 100% a 150% ao ano. “Com o apoio da Columbia Capital, estamos prontos para expandir nossas operações nos Estados Unidos e consolidar a nossa presença na América Latina, além de continuar desenvolvendo novos produtos e soluções de ciência de dados”, diz Dellagnelo.

Leia a reportagem completa

Por Ana Paula Branco Alves via Forbes Money Brasil

Crescimento da indústria brasileira tem em abril ritmo mais forte em quase 3 anos

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O Índice de Gerentes de Compras (PMI) aponta expansão da atividade industrial, com crescimento acentuado na entrada de novos negócios, produção e empregos

O setor industrial brasileiro iniciou o segundo trimestre com o crescimento mais intenso em quase três anos diante de um aumento acentuado na entrada de novos negócios em abril, alimentando a produção e a criação de empregos, mostrou o Índice de Gerentes de Compras (PMI, na sigla em inglês).

O PMI da indústria brasileira, compilado pela S&P Global, disparou a 55,9 em abril, de 53,6 em março, marcando a melhora mais forte das condições operacionais desde julho de 2021. Resultado acima de 50 indica expansão da atividade.

A pesquisa divulgada nesta quinta-feira aponta que a melhora do indicador deveu-se ao impacto positivo da demanda em medidas como vendas, produção, emprego e estoques de compras.

A necessidade de aumentar a capacidade levou os produtores brasileiros a ampliar o número de funcionários no ritmo mais rápido em 21 meses.

O fortalecimento da confiança em relação às perspectivas para a produção também alimentou o crescimento do emprego. A melhora da demanda, investimentos em capacidade, a redução dos juros e a diversificação da produção elevaram o otimismo para o maior nível em três meses.

Leia a reportagem na íntegra

Via Forbes Money

 

 

 

BTG Pactual Timberland Investment Group raises US$ 1.24 billion for core Latin America timberland strategy, exceeding target size

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The BTG Pactual Timberland Investment Group (TIG) announced that it has finalized fundraising for BTF II, with equity commitments, including co-investments, totaling US$ 1.24 billion, exceeding its target size.

BTF II focuses on mature timberland assets in well-established markets in Chile, Uruguay and Brazil and has already deployed a significant amount of its committed capital into five investments, diversified across geography, climatic zones, species, and end-markets.

“We are pleased to announce the final close for our core Latin America commercial timberland strategy, which seeks to capitalize on the region’s unique, secular attributes including ideal growing conditions, one of the most technologically advanced and productive forest industries in the world, and strong domestic markets for many forest products,” said Gerrity Lansing, Managing Director, Partner and Head of International Private Markets at BTG Pactual.

ABOUT TIG

The BTG Pactual Timberland Investment Group (TIG) is one of the world’s largest timberland managers with US$ 6.9 billion assets and commitments and nearly 3 million acres under management throughout the U.S. and Latin America (as of Q1, 2024).

Learn more

Via Business Wire

DLA Piper announces 63 partnership promotions for 2024

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DLA Piper announces 63 lawyers have been promoted to its partnership. The promotions are effective as of 1 April in the United States and Canada, and 1 May for EMEA and Asia Pacific. Promotions have been made across all the firm’s practice areas, spanning 37 offices in 18 countries

Globally, Litigation has the largest intake of new partners, with 16 promotions; followed by Corporate with 13; 11 in Finance, Projects and Restructuring; and 10 in Intellectual Property & Technology. Other practice groups include Employment and Real Estate with four promotions each, Tax and Regulatory & Government Affairs with two promotions each and Pro Bono, with one new promotion.

Regionally, the US has the highest number of promotions with 20 new partners, followed by Continental Europe with 17 and Asia and the Middle East with two each. Other countries include the UK with 10, Canada with seven, New Zealand with three, and Australia with two.

Simon Levine, International Managing Partner and Global Co-CEO, commented: “This year’s promotions come at a time of exciting innovation in the legal sector on priority topics like ESG and AI. By acting as trusted business partners to our clients and by living our firm’s values of being supportive, collaborative, bold and exceptional, this cohort has contributed significantly to the success of our firm. I congratulate them all.”

Read the full list of partner promotions by office and practice

Via DLA Piper

Agrishow: Cooperativas de crédito ao agro estimam R$ 3,8 bilhões em negócios

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Sicredi e Sicoob têm recursos próprios para linhas de crédito aos cooperados e afirmam que maior busca é por recursos para custeio

Com cautela e de olho no movimento dos produtores rurais, as cooperativas de crédito presentes na Agrishow – 29ª Feira Internacional de Tecnologia Agrícola em Ação, que termina na sexta-feira (3), em Ribeirão Preto, vão consolidando suas estratégias para os valores estimados. Pressionados pela baixa das commodities, principalmente grãos, mas animados com o desempenho de setores como o café e a cana-de-açúcar, a meta é pelo menos manter os patamares do ano passado ou até avançar um pouco.

As linhas para custeio da safra são o alvo das cooperativas. Os dois principais sistemas de cooperativas de crédito, Sicredi (Sistema de Crédito Cooperativo) e o Sicoob (Sistema de Cooperativas Financeiras do Brasil), esperam fechar negócios da ordem de R$ 3,8 bilhões durante a feira ou iniciados no evento.

“O investimento é o que mais gira nessas feiras em geral. O grosso do financiamento vinculado a investimentos, que os produtores usam para comprar implementos agrícolas”, diz Gustavo Freitas,  diretor de crédito do Sicredi.

Freitas lembra que fatores negativos como juros altos, eventualidades climáticas e o choque nos preços das commodities impactaram o mercado de crédito, que na safra passada havia crescido 24%. Muitos produtores migraram para o consórcio, que cresceu de R$ 22 bilhões em 2022 para R$ 37 bilhões no ano passado. “O produtor está preferindo pagar um ‘pedaço’ da máquina todo mês, sem juros, até ser sorteado”, diz.

Mas a sequência de cortes na taxa Selic, pelo BC (Banco Central), dá melhores perspectivas para os clientes do Sicredi, que tem linhas de crédito com 3,6% até 17% de juros anuais. “No lançamento da safra, a taxa básica de juros era de 13,25%, hoje é cerca de 10% e na próxima [reunião do Copom, o Comitê de Política Monetária] deve estar ainda mais baixo. Isso, num financiamento de dez anos, faz uma diferença enorme.” Outro detalhe é a espera do novo Plano Safra, que pode vir com condições de crédito mais favorável.

A Agrishow espera receber cerca de 200 mil visitantes de 50 países, entre eles China, Alemanha, EUA, Colômbia, Holanda, Itália e países vizinhos. Entre companhias internacionais e brasileiras, participam da feira cerca de 800 empresas.

Leia a reportagem na íntegra

Por Vera Ondei e Bruno Cirillo Via Forbes

Debevoise Named the 2024 “Trademark Disputes Firm of the Year” by Managing IP

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Debevoise & Plimpton LLP has been named “Trademark Disputes Firm of the Year” at the 2024 Managing IP Americas Awards in recognition of the firm’s leading work on trademark-related disputes throughout the United States during the past year.

Additionally, Managing IP named David H. Bernstein, Chair of the Intellectual Property Litigation Group, to the “Litigator of the Year – New York” shortlist.

The Managing IP Awards program recognizes remarkable achievements and developments in the last year. It is one of the most comprehensive and widely respected IP law firm awards programs in the world and covers a broad range of IP practice areas and more than 30 jurisdictions.

The Debevoise Intellectual Property Litigation Group handles a wide variety of cases around the world, including trademark, trade dress and advertising disputes; copyright matters in media and entertainment; domain name and Internet disputes; right of publicity issues; and unfair competition, trade secret and patent cases.

Learn more

Via Debevoise & Plimpton LLP

Fundação Abrinq estreita relações com o Governo Federal e o IBGE

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Na segunda-feira (22/04), o Ministro dos Direitos Humanos e da Cidadania, Silvio Almeida, esteve presente em São Paulo – SP, na sede da Fundação Abrinq, para discutir estratégias de fortalecimento das políticas públicas em prol das crianças e dos adolescentes no País. Acompanhado pelo Secretário Nacional dos Direitos da Criança e do Adolescente, Cláudio Vieira, o ministro enfatizou a importância da cooperação entre os diferentes setores da sociedade para garantir avanços significativos na área.

Durante o encontro, Silvio Almeida destacou a necessidade de união de esforços entre o setor público, o setor privado e as organizações da sociedade civil para enfrentar os desafios e promover o desenvolvimento integral das crianças e dos adolescentes. Outro ponto abordado foi o direito de brincar, que Silvio Almeida considera essencial para o desenvolvimento saudável das crianças. Ele enfatizou a importância da Lei do Direito de Brincar e expressou sua preocupação com as crianças que são privadas desse direito.

O encontro entre o Ministro Silvio Almeida e a Fundação Abrinq representa mais um passo na construção de parcerias sólidas e efetivas em prol da defesa dos direitos das crianças e dos adolescentes no Brasil.

Fundação Abrinq e IBGE discutem estratégias para cooperação técnica

No dia 19 de abril, a Fundação Abrinq e o Instituto Brasileiro de Geografia e Estatística (IBGE) realizaram um encontro para iniciar conversas sobre possíveis formas de cooperação técnica. O foco principal da reunião foi a preocupação compartilhada sobre o impacto da juventude que não trabalha nem estuda na mão de obra e no crescimento do país nas próximas décadas.

Marcio Pochmann, presidente do IBGE, expressou a importância de compreender as causas deste fenômeno, afirmando que a força de trabalho do futuro já está em formação. “A mão de obra que atuará daqui a 50 anos já nasceu; desse modo, o Instituto se preocupa em descobrir as causas do desinteresse dos jovens pelo trabalho e estudo e ajudar o país a encontrar maneiras de solucionar esse problema”.

Já Rubens Naves, conselheiro da Fundação Abrinq, apresentou as iniciativas da organização. Naves ressaltou a importância de envolver os jovens que não estão inseridos em atividades educacionais ou de trabalho, destacando seu potencial para o futuro do país.

Leia a notícia na íntegra

Via Fundação Abrinq

J.P. Morgan Leads $100M Financing for Startup’s R&D of Covalent Biologic Drugs for Cancer

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Enlaza Therapeutics’ drugs form covalent bonds that lock the therapy onto its target. With cancer as its initial focus, the startup contends its approach could offer safety and efficacy advantages compared to currently available targeted therapies.

Treating cancer with medicines that tightly attach to their targets via covalent bonds is not a new concept in drug discovery, but it is picking up pace. Some companies are trying to improve this approach as they employ covalency to address elusive targets. These efforts, at least the publicly known ones, are focused on small molecules. Enlaza Therapeutics is working to bring covalency to biologic therapies and it has raised $100 million for efforts that include work in one of the hottest areas of cancer drug research.

The Series A financing announced Tuesday was led by the life sciences group of J.P. Morgan.

Besides J.P. Morgan, other participants in Enlaza’s new financing include earlier investors Frazier Life Sciences, Avalon Ventures, Lightspeed Venture Partners, and Samsara BioCapital. New investors in the startup include Amgen Ventures, Regeneron Ventures, Bregua Corporation, Pappas Capital, and Alexandria Venture Investments.

Learn the full article

By Frank Vinluan Via MedCity News

Latin American Indigenous leaders discuss joint agenda for COP30 in Brazil

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Indigenous leaders from across Latin America convened in the Brazilian capital this week to push for the rights of native peoples and draft a collective agenda for COP30, which includes measures ranging from land demarcation to fair energy transition, participants at the Campamento Tierra Libre (Free Land Camp) told EFE.

Marking the 20th anniversary of the camp, held from April 22 to 26, nearly 8,000 individuals participated in what is considered Brazil’s largest indigenous mobilization, featuring traditional rituals, debate plenaries, vigils, and a crafts fair.

The Campamento Tierra Libre primarily aims to defend the rights of Brazilian Indigenous people to preserve their territories.

At this year’s camp, Latin American indigenous leaders worked on drafting a document outlining a united strategy for the upcoming United Nations Climate Conference (COP30). The conference is scheduled to take place in 2025 in the Brazilian city of Belém, located in the Amazon region, and is expected to be a crucial event for indigenous communities.

Key demands by Latin American indigenous peoples include the development and enhancement of public policies ensuring their rights, land demarcation and protection, and other guarantees for sustainable socioeconomic development in the region.

Learn more

Via EFE Comunica

 

Brazil’s inflation slows to 0.21% in mid-April

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Brazil’s consumer prices rose slightly less than expected in the mid-April reading, data from statistics agency IBGE showed on Friday.

Prices in Latin America’s largest economy rose 0.21% in the month to mid-March, below the 0.29% growth expected by economists polled by Reuters.

This took the inflation of the previous 12 months to 3.77%, slowing down from 4.14% in the 12 months to mid-March and also below expectations of a 3.86% increase. The reading marked the first time since July last year the figure came in below 4%.

“All told, the inflation picture continues to improve in Brazil, thanks to favorable base effects, the lagged effect of high-interest rates and softening domestic demand,” said Andres Abadia, Chief Latam Economist at Pantheon Macroeconomics.

Read the full article

Reporting by Peter Frontini; Editing by Steven Grattan and Angus MacSwan via Reuters

Meet our New Member Inter&Co

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Inter&Co (NASDAQ: INTR), the company that controls Banco Inter in Brazil and the subsidiary Inter&Co Payments, is the pioneering financial super app serving over 30 million customers across the Americas.

The Inter ecosystem offers a broad array of services, including banking, investments, mortgages, credit, insurance, and cross-border tools. The super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across the globe. The company is expanding rapidly, as evidenced by its naming rights sponsorship of Orlando’s professional soccer venue, now called Inter&Co Stadium. Focused on innovation and captivating member experiences, Inter&Co delivers comprehensive financial and lifestyle solutions to meet the evolving needs of modern consumers.

Learn more

Issue Notes são a “linha mestra da presidência brasileira do G20”

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Conhecidas como Issue Notes, documentos deram pontapé inicial às discussões temáticas do G20, com estratégias para questões prioritárias da presidência brasileira do Fórum

No centro das discussões do G20 Brasil, estão as Issue Notes, ou notas temáticas. Os documentos que sintetizam análises especializadas sobre os assuntos, desde economia e meio ambiente até segurança cibernética e saúde, já estão disponíveis para consulta e download. As notas informativas têm papel fundamental na orientação das políticas globais, com análises detalhadas e caminhos para os desafios enfrentados pelo mundo.

No cenário da diplomacia internacional, as Issue Notes são ferramentas importantes que indicam a compreensão e resolução de questões complexas. Com o Brasil à frente da presidência em 2024, o foco dessas análises se intensificou.

As prioridades do G20 no Brasil são a inclusão social e o combate à fome e à pobreza, a promoção do desenvolvimento sustentável em suas dimensões econômica, social e ambiental e transições energéticas, e a reforma das instituições de governança global, incluindo as Nações Unidas e os bancos multilaterais de desenvolvimento.

As Issue Notes são como bússolas para guiar os debates, fornecendo informações detalhadas e direcionamentos diante dos desafios globais. Durante as reuniões do G20, os documentos são discutidos e aprimorados por especialistas que integram os grupos de trabalho ou as forças-tarefa. A diversidade de perspectivas e conhecimentos contribuem para a formulação de propostas mais inclusivas, refletindo o espírito colaborativo do grupo.

Clique aqui para ler a nota na íntegra.

Via G20 Brasil

TozziniFreire Advogados recebe conferência latino-americana de proteção de dados

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Autoridades em proteção de dados do Brasil e da Colômbia palestraram durante a PrivacyRules 2024

No dia 11 de abril de 2024, TozziniFreire Advogados – um dos maiores escritórios full-service do Brasil – recebeu conferência sobre os desafios de proteção de dados e conformidade na América Latina. Entre os palestrantes estavam os representantes das autoridades de proteção de dados da Colômbia e do Brasil, respectivamente, Grenfieth Sierra (Superintendencia de Industria y Comercio – SIC) e Kátia Cardoso (Autoridade Nacional de Proteção de Dados – ANPD).

O evento foi dividido em três painéis, seguido por um momento para perguntas e respostas dos participantes. Luiza Sato, sócia de TozziniFreire Advogados, e Stella Vanegas, sócia-fundadora do escritório Vanegas Morales Consultores, apresentaram o objetivo e deram início à conferência.

“Foi admirável a participação da comunidade de Proteção de Dados representada por profissionais de diversos países da América Latina, incluindo as autoridades de proteção de dados do Brasil e Colômbia, unidos para discutir temas de tão alta relevância. É imprescindível trabalhar juntos e unir esforços, a fim de construir um mundo movido a dados que seja saudável, seguro e sustentável”, relata Luiza Sato.

Saiba mais

Publicação produzida pelas Áreas Cybersecurity & Data Privacy via TozziniFreire Advogados

How United Airlines uses AI to make flying the friendly skies a bit easier

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From chatbots to pilot announcements, AI is starting to gain traction

When you board a United Airlines plane, the gate agents, flight attendants and others involved in making sure your plane leaves on time are in a chatroom coordinating a lot of the work that you, as a passenger, will hopefully never notice. Is there still space for carry-on bags? Did the caterer bring the missing orange juice? Is there a way to seat a family together?

When a flight is delayed, a message with an explanation will arrive by text and in the United app. Most of the time, that message is generated by AI. Meanwhile, in offices around the world, dispatchers are looking at this real-time data to ensure that the crew can still legally fly the plane without running afoul of FAA regulations. And only a few weeks ago, United turned on its AI customer service chatbot.

Jason Birnbaum, who became United’s CIO in 2022, manages a team of over 1,500 employees and about 2,000 contractors who are responsible for all of the tech that makes this happen.

Every flight has an AI story

United is quite bullish on AI, Birnbaum said. “I think the travel industry has so many different examples of where AI can be used both for the customer and for the employees.” One of those is United’s “Every flight has a story.”

Not that long ago, it was rather typical to get a notification when a flight was delayed, but no further information about it. Maybe the incoming flight was delayed. Maybe there was a maintenance issue. A few years ago, United started using agents to write short notices that explained the delay and sent those out through its app and as text messages. Now, pulling in data from its chat app and other sources, the vast majority of these messages are written by AI.

AI for pilots?

After creating the system that automatically writes the delay “stories” in the app, Birnbaum’s team is now thinking about where it can use the same generative AI technology. One area: those short briefings pilots usually give before takeoff.

“A pilot actually came up to me and said, ‘One of the things that some pilots are great at is getting on that speaker and saying, “Hey, welcome, everybody going to Las Vegas, blah blah.”’ And he said, ‘Some pilots are introverted; could you have an AI engine that helps me generate an announcement on the plane about where I’m going so that I could give a really good announcement about what’s happening?’ And I thought that was a great use case.”

Another area where generative AI may help pilots is in summarizing complex technical documents. But as Birnbaum rightly noted, everything that involves the pilot flying the plane is heavily structured and regulated, so it’ll be a while before the airline will launch anything there.

Learn more

By Frederic Lardinois via TechCrunch

Etanol brasileiro para uso como combustível de aviação sustentável

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EUA lançam primeira usina com combustível de aviação sustentável e mercado brasileiro poderá ser fornecedor

Embora os Estados Unidas consigam produzir seu próprio etanol através do milho, os investidores americanos estão interessados em trazer o Etanol brasileiro, vindo da cana-de-açúcar para a produção comercial do combustível. Além da melhor qualidade do produto brasileiro que pode ser explorado em maior quantidade, o fato das maiores usinas brasileiras já estarem certificadas para produzir matéria-prima para o combustível de aviação sustentável (SAF). Através do certificado, essas usinas passam a atender aos padrões internacionais de produção, o que acabou sendo um interessante chamariz para que os americanos olhassem com bons olhos o etanol nacional.

Entre as usinas certificadas, a São Martinho espera ser a primeira a fechar negócio e abastecer os EUA. A empresa conseguiu o certificado de padrão Corsia, que é globalmente aceito e possui o registro da Agência de Proteção Ambiental dos EUA (EPA).

Porém, na cola para conquistar os americanos, outras grandes nacionais como a Raízen, BP Bunge Bioenergia e usinas ligadas à Copersucar também possuem o certificado Corsia que só é conseguida a partir de empresas que conseguem provar que a produção é feita com emissões baixas e que não contribuem para o desmatamento.

A produção mundial de SAF com base no etanol é de cerca de 9 bilhões de litros por ano de biocombustível até 2030, segundo estimativa da Raízen. Esse valor é o equivalente a um terço de toda a produção de etanol do Brasil. Porém, o vice-presidente da Raízen, joint venture entre a Cosan e a Shell, Paulo Neves, a empresa está segura de que conseguirá atender os Estados Unidos sem deixar o Brasil defasado.

Leia a reportagem na íntegra

Por Guilherme Cosenza via Correio da Manhã

 

 

Meet our New Member Truth & Trust Advisory Team

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The Truth & Trust Advisory Team transcends the traditional role of real estate agent, serving as dream architects devoted to transforming every transaction into a seamless experience

We are committed to transparency and building trust with our clients, always eager to offer access to exclusive properties and innovative sales solutions.

More so, we build personal relationships with our clients, sharing unforgettable moments with them while exploring NYC and assisting them in navigating the sales process.

Learn more about Truth & Trust Advisory Team or contact info@truthtrustadvisoryteam.com

Notice of FY 2025 H-1B Cap Initial Registration Selection Process Completion and Cap Season Reminders

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H-1B Initial Electronic Registration Selection Process Completed

U.S. Citizenship and Immigration Services has received enough electronic registrations for unique beneficiaries during the initial registration period to reach the fiscal year (FY) 2025 H-1B numerical allocations (H-1B cap), including the advanced degree exemption (master’s cap). We have randomly selected enough properly submitted registrations for unique beneficiaries projected as needed to reach the H-1B cap and have notified all prospective petitioners with selected beneficiaries that they are eligible to file an H-1B cap-subject petition for such beneficiaries.

For more information, visit the H-1B Electronic Registration Process page.

FY 2025 H-1B Cap Petitions May Be Filed Starting April 1

H-1B cap-subject petitions for FY 2025, including those petitions eligible for the advanced degree exemption, may be filed with USCIS beginning April 1, 2024, if filed for a selected beneficiary and based on a valid registration.

Only petitioners with registrations for selected beneficiaries may file H-1B cap-subject petitions for FY 2025.

An H-1B cap-subject petition must be properly filed at the correct filing location (see H-1B Form I-129 Filing Location Change to Lockbox section below) or online at my.uscis.gov and within the filing period indicated on the relevant selection notice. The period for filing the H-1B cap-subject petition will be at least 90 days. Petitioners must include a copy of the applicable selection notice with the FY 2025 H-1B cap-subject petition.

Petitioners must also submit evidence of the beneficiary’s valid passport or travel document used at the time of registration to identify the beneficiary.

Petitioners filing for selected beneficiaries based on their valid registration must still submit evidence or otherwise establish eligibility for petition approval, as registration and selection only pertains to eligibility to file the H-1B cap-subject petition.

For more information, visit the USCIS page

Via U.S. Citizenship and Immigration Services

Meet out New Member Apex Partners

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With over 10 years of history, Apex is a platform for solid and structured investments and financial services that operates in the areas of Asset Management, Advisory, Investment Banking, and Research – being a reference in serving large corporations, institutional investors, and clients with consolidated wealth.

Through a strong proprietary distribution capacity, we offer structured products for the Brazilian regional markets, where capital is allocated. Today, the company is present in Espírito Santo, Paraná, and Santa Catarina, where it has established offices and more than 150 employees aligned with a unique culture.

In recent years, we have expanded around our core operations, building a resilient thesis even in the face of the challenging economic cycles faced by Brazil in the last decade. All this because we decided to explore the potential of the Brazilian regional markets, especially in states that have grown – significantly – above the national average.

The coming years will be even more promising. The path that will lead to becoming the leading Brazilian regional investment bank by 2030 is increasingly guided by a unified regional structure, always maintaining a commitment to the excellence and success of our clients.

Learn more about Apex Partners

Benefit Dinner 2024 NY

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Edu Lyra and Gerando Falcões International invite you to Benefit Dinner New York 2024

Join us in our mission to raise critical funds by purchasing tickets or making a donation.

Don’t miss out on our online silent auction, closing at 10pm on May 13th.

When
Monday, May 13th
Cocktails 6pm
Seated Dinner 7pm

Where
230 Fifth Rooftop
At 1150 Broadway
New York, NY 10001

Dress Code
Business Casual

———————————————————

Get tickets here or make a donation.

For any questions, please reach out to us at donorservices@gerandofalcoes.com.

Thank you for your continued support!

Learn more

Via Gerando Falcões

Cushman & Wakefield Honored as a 2024 VETS Indexes 5 Star Employer

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Cushman & Wakefield announced that the real estate services firm has earned the designation of VETS Indexes 5 Star Employer in the 2024 VETS Indexes Employer Awards. The award recognizes the organization’s commitment to recruiting, hiring, retaining, developing and supporting veterans and the military-connected community

“The extraordinary efforts of Cushman & Wakefield to hire, retain and support veterans and the military-connected community have earned the organization one of our highest awards,” said George Altman, President of VETS Indexes

This year, a record 344 organizations submitted completed surveys for the VETS Indexes Employer Awards, an increase of more than 100 from last year and nearly triple the number from two years ago. Of those, VETS Indexes recognized 285 organizations across the following award levels: 5 Star Employer, 4 Star Employer, 3 Star Employer and Recognized Employer.

This in-depth survey and recognition program analyzes employers’ policies, practices and outcomes in detail, across the following 5 categories:

  • Veteran job candidate recruiting and hiring
  • Veteran employee development and retention
  • Veteran-inclusive policies and culture
  • Support for members of the National Guard and Reserves
  • Military spouse/family support

For more information, click here.

Via Business Wire

King & Spalding’s Journey to Best Law Firm of the Year

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King & Spalding, which received The American Lawyer’s Best Law Firm of the Year award in late 2023, has achieved notable success in recent years, growing its revenue and profits, key offices and international presence, all without a merger

Its financial growth was particularly remarkable during the pandemic, as the litigation powerhouse targeted growth across the energy, food and beverage, and health care sectors when other industries were stagnant, according to one analysis.

The Atlanta-founded firm steadily increased its revenues over the years before breaking the $2 billion mark in 2022—and will top that mark and other metrics in 2023, said longtime chairman Robert Hays in an interview this month. The firm’s revenue growth has consistently beaten the Am Law 100 collective growth rate each year for the past several years.

King & Spalding has expanded in major U.S. markets like New York and in growing international regions like Saudi Arabia throughout the year, said Hays, who has served as chairman since 2006 and was reelected earlier this month (January, 2024).

King & Spalding beat out seven other firms for the Best Law Firm of the Year award and also won awards for Attorney of the Year (Sally Yates), and Best Client-Law Firm Team (King & Spalding and Blackstone Credit). It was a finalist for Managing Partner of the Year (Robert Hays), Best Provider Collaboration, Litigation Department of the Year for Product Liability, and Georgia Litigation Department of the Year.

The report also stated that “energy was the only bright spot” in the stagnant economy during the pandemic and King & Spalding was among firms that “made sustained investments in talent depth and market reputation” in that sector.

Regional to Global

Hays, in the interview, cited an award factor mentioned during the presentation ceremony in New York: the firm’s history in recent decades of moving from being a regional firm to a “national
and global firm.”

King & Spalding expanded from its “flagship” Atlanta office in 1989, to 13 U.S. and 10 foreign offices with more than 1,300 lawyers today, according to firm information.

In 2023, after years of operating offices in the United Arab Emirates, the firm’s longtime affiliation with a local firm led to Saudi Arabia’s Ministry of Justice awarding King & Spalding a foreign law license.

Click here to learn more

Via ALM Global Law.com

 

Mattos Filho announces promotion of seven lawyers to partnership

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New partners set to boost strategic areas and business development at the firm, whose partner count now rises to 144

Mattos Filho has announced seven lawyers have been promoted to the firm’s partnership. The new partners work across six different practice areas: Litigation & Arbitration, Finance, Asset Management Services & Investment Funds, Infrastructure & Energy, Corporate/M&A, and Tax.

With a keen eye on the demands of the most diverse sectors of the economy and the needs of the market, the promotion of lawyers follows the strategy of expanding business development, as well as generating opportunities and developing internal talents.

Six of the seven new partners are women. In the last five years, internal partner promotions at the firm have been practically even in terms of men (31) and women (29) – 52% and 48%, respectively. This statistic reflects Mattos Filho’s push to offer equal opportunities and develop female leadership at the firm.

The new partners are listed below (alphabetical order):

  • Joana Pimentel – Corporate/M&A – São Paulo;
  • Ligia Godoy – Litigation & Arbitration – São Paulo;
  • Marcelo Guimarães – Tax – São Paulo;
  • Maria Fernanda Fidalgo – Asset Management Services & Investment Funds – São Paulo;
  • Natalia De Santis – Finance – Rio de Janeiro;
  • Natália Mauad – Infrastructure & Energy – São Paulo;
  • Natalie Matos – Tax – São Paulo.

Learn more

Via Mattos Filho

Brazilian Airline Azul To Resume Two US Routes: Recife to Fort Lauderdale and Orlando

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Azul Linhas Aéreas Brasileiras, one of Brazil’s three major carriers, announced it would relaunch operations from its hub at Aeroporto Internacional de Recife-Guararapes to Orlando and Fort Lauderdale

Azul is Brazil’s largest carrier by number of flights and destinations served. Founded in 2008 by David Neeleman, the carrier has grown rapidly and become the airline many Brazilians consider the best in the nation. Compared to LATAM Brasil, its international long-haul operations are limited, with only four cities served: two in the United States and two in Europe.

The airline announced that from June 5, it would be resuming flights from its hub at Aeroporto Internacional de Recife-Gurarapes to Orlando International Airport and Fort Lauderdale-Hollywood International Airport. Flights were suspended last month due to capacity restraints with its widebody fleet, but with the acquisition of new (to the airline) aircraft, Azul can resume flights just three months after suspending them.

Unlike most routes from the United States, where aircraft remain on the ground in Brazil for the entire day before flying back to the US overnight, Azul will fly to the US during the day, and its return legs will operate overnight.

Learn more

Reporting by Lukas Souza via Simple Flying

United States introduces payment of visa application fee via Pix

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Since March of this year, the U.S. Embassy and Consulates in Brazil have introduced the option of paying the application fee (MRV) via Pix. This new alternative is in the initial phase of implementation and payments may require up to an hour for approval

In addition to this method, applicants still have the option of payment by credit card or in cash. This innovation reflects our ongoing commitment to improving services for Brazilian visa applicants.

Between January and March 2024, the number of visas processed by the United States in Brazil grew by 20 percent compared to the same period last year. This means that more than 340,000 visas were processed in just three months across the country. This increase is the result of our commitment to providing an increasingly better consular service. In 2024, we expect to break the record of 1.1 million visas issued in Brazil in 2023.

Get more information

Via U.S. Embassy & Consulates in Brazil

 

 

BNY Mellon Collaborates with Accenture to Drive Accelerated Growth for Clients

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BNY Mellon, the global financial services company, is collaborating with Accenture, a leading professional services company, to modernize financial services offerings with an initial focus on data management and analytics product development and delivery.

Combining Accenture’s data, AI, and platform engineering expertise with BNY Mellon’s comprehensive financial data and analytics services will help accelerate the introduction of new services across private markets and wealth management technology, as well as support expansion into new markets. With the expertise and platforms to help clients achieve their goals, BNY Mellon will also work with Accenture to create exceptional client experiences. The two companies plan to further collaborate on bringing the newly developed services to market in the future to transform the financial services industry.

The collaboration of Accenture and BNY Mellon is the latest announcement by BNY Mellon as part of its technology and ecosystem strategy focused on building new solutions to help its clients grow their businesses. BNY Mellon’s Data & Analytics business recently announced a strategic alliance with Microsoft, focused on transforming the capital markets through leading data management solutions for its buy-side and sell-side clients.

About BNY Mellon
BNY Mellon is a global financial services company that helps make money work for the world — managing it, moving it and keeping it safe. For 240 years we have partnered alongside our clients, putting our expertise and platforms to work to help them achieve their ambitions. Today we help over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. We support governments in funding local projects and work with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of December 31, 2023, we oversee $47.8 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.

Learn more

By Jessica Thomas via BNY Mellon

Brazil’s Cutrale to expand to new state to avoid orange disease, government says

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Brazil’s Cutrale group, a leading global supplier of orange juice, will invest 500 million real ($100.55 million) to plant the fruit in Mato Grosso do Sul state in a bid to expand into regions with lower pressure from greening disease, according to state authorities.

The cureless disease has partly damaged trees in Brazil and destroyed most of them in the United States, causing orange juice prices to skyrocket.

The government of Mato Grosso do Sul, in Brazil’s center-west, said the company will plant 5,000 hectares with oranges in the town of Sidrolandia, according to a statement late on Wednesday.

Mato Grosso do Sul said Cutrale is expected to plant 1.73 million orange trees on irrigated fields there, adding in the future the company could set up a processing facility in the area.

Cutrale confirmed to Reuters it “met with the government of Mato Grosso do Sul to discuss investments in the region’s citrus industry.” But the company added it could not elaborate on the tentative project, making the timeline for implementation of the fields unclear.

Learn more

Reporting by Roberto Samora; Writing by Ana Mano; Editing by Aurora Ellis via Reuters

Banco Master anuncia aquisição do will bank

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Com a compra, o Banco Master passa a atender mais de 10,5 milhões de clientes

O Banco Master anunciou, na sexta-feira (23/02), a aquisição do will bank, banco digital que conta com mais de seis milhões de clientes e forte presença no Nordeste. Com a negociação, o Master passa a ser majoritário no banco digital, que tem também o fundo de private equity da XP como sócio.

Desta forma, o Banco Master passa a atender mais de 10,5 milhões de clientes e espera expandir a base do will bank, oferecendo cartão de crédito, seguros e outros serviços, de acordo com o comunicado enviado pela companhia ao mercado.

“Com a aquisição do will bank, passamos a ter um ecossistema digital completo, com tecnologia robusta e capilaridade na distribuição de produtos financeiros”, afirma Daniel Vorcaro, Presidente do Banco Master.

Leia a reportagem completa

Via Forbes

White & Case named to “Global Elite” in GDR 100

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Global Data Review (GDR) has, for the fourth consecutive time, named White & Case LLP to its Global Elite list.

Sitting atop the GDR 100 ranking of the world’s leading data law firms, these 25 “exceptionally good” practices are noted for their international reach and “top-of-the-market” work.

White & Case is ranked #2 overall, and in the top three in the following categories:

  • Data protection advisory: This category highlights firms advising on “the most complex cross-border projects.”
  • Non-personal data advisory: This category focuses on firms’ work in areas such as “the collection and use of data used to train AI (and, more recently, bespoke regulatory advice on AI models’ operation), critical infrastructure cybersecurity rules like the EU’s NIS 2 Directive, or companies seeking advice on how best to protect their valuable proprietary data from espionage or hacks.”
  • Investigations: This category considers firms’ work with “their most demanding clients,” in which “successful teams handled multiple jobs over the relevant period, showing that clients frequently turned in their direction when the going got tough.”
  • Litigation: This category identifies firms that were “frequently able to get good results,” noting that “getting decisions overturned on appeal or persuading regulators not to take matters further are signs of excellent lawyering, especially in a principles-based field where grey areas abound.”

Tim Hickman, partner and head of the Firm’s Data, Privacy & Cybersecurity practice, said: “These rankings reflect our commitment to helping clients successfully navigate complex AI, data, and cyber challenges around the world.”

GDR’s profile of White & Case described the Firm’s “ability to handle complex work spanning multiple jurisdictions for some of the world’s most demanding clients” and “cross-industry excellence.” One client noted the team’s “outstanding performance,” while another said, “The responsiveness of the partners and the pragmatic advice really sets them apart.”

Via White & Case

2-Key Brazilian economic activity index rises for fourth straight month

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Economic activity in Brazil rose for the fourth straight month in February, a central bank index showed on Wednesday.

The IBC-Br economic activity index, considered a leading indicator of gross domestic product, increased by a seasonally adjusted 0.4%, matching expectations from analysts polled by Reuters, and following a revised 0.52% increase in January.

Recent official data revealed unexpected growth in the retail sector in February, while the services sector and industrial output surprisingly dropped in Brazil.

Meanwhile, the largest economy in Latin America created a net 306,111 formal jobs in February, beating estimates.

On a non-seasonally adjusted basis, the IBC-Br expanded by 2.59% since February of last year and grew by 2.34% on a 12-month basis.

Learn more

Reporting by Camila Moreira and Andre Romani via Reuters

Magalu dá novo passo no mercado de ‘nuvem’ em parceria com a Dell

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Depois de lançar o Magalu Cloud em dezembro do ano passado, o Magazine Luiza quer começar a escalar seu negócio de nuvem pública.

A varejista, que marca presença na segunda edição do Web Summit Rio com a presidente Luiza Trajano, anuncia ao público nesta terça-feira os três primeiros serviços oferecidos pela plataforma com foco em armazenamento, segurança e identidade.

A gigante do varejo brasileiro aposta no mercado de infraestrutura de nuvem desde 2021, mas só no ano passado abriu os serviços para consumidores. Até o momento, há cem clientes PJ e cerca de 700 pessoa física — todos vindos por indicações e redes de contatos do Magalu, explica Christian Reis (Kiko), diretor da Magalu Cloud.

Clientes dos setores de varejo, saúde, tecnologia e industrial já utilizam o serviço de nuvem desde o ano passado, mas esta é a primeira vez que o Magazine Luiza passa a oferecer a plataforma ao público em geral. Para isso, a empresa acelerou investimentos, reforçou as operações de software e realizou testes de carga para atender a demanda.

Agora, com o início da oferta ao público em geral, a Magalu Cloud se diz pronta para atender o mercado e para ampliar sua participação no setor. Os serviços passam a ficar disponíveis a partir de hoje ao público em geral e podem ser contratados pelo site. A plataforma é voltada tanto para desenvolvedores quanto startups e empresas de maior porte.

Parceria com a Dell

O Magalu Cloud está lançando três serviços: um de armazenamento de dados escalável (object storage), uma solução de gerenciamento de contas corporativas e colaboradores, fornecedores ou terceiros (chamado Turia IAM) e outra de autenticação integrada, em que o usuário acessa diversos serviços online por meio de uma conta única (ID Magalu).

Uma das estratégias para acelerar o crescimento do negócio foi firmar uma parceria com a Dell na frente de object storage e assim já chegar a mais clientes. A ideia é que os clientes da Dell passem a aproveitar o Magalu Cloud para fazer backups de volumes grandes de dados ou transferir novos dados para a plataforma, otimizando o tempo que uma máquina física própria de armazenamento exigiria.

Leia a reportagem completa

Via Época Negócios/Agência O Globo

Vale reaches 100% renewable energy consumption target in Brazil two years ahead of schedule

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Vale has officially announced that all the electricity used in its operations in Brazil in 2023 came from renewable sources, such as hydroelectric, wind and solar power plants. Thus, the company has achieved its goal of having 100% renewable electricity consumption in Brazil two years ahead of schedule, which was 2025.

The information is highlighted in the 2023 edition of the Integrated Report, which includes more environmental, social and diversity advances made by the company.

Having reached the target, Vale has zeroed its indirect CO2 emissions in Brazil, which correspond to scope 2. The company still has the challenge of achieving 100% renewable energy consumption in its global operations by 2030. At the moment, this indicator stands at 88.5%.

The start-up of the Sol do Cerrado solar complex in November 2022 was key to achieving the target two years ahead of schedule. Located in the state of Minas Gerais, Brazil, the solar complex represented an investment of US$ 590 million by Vale. It is one of the largest solar energy parks in Latin America, with an installed capacity of 766 Megawatts-peak, equivalent to the consumption of a city of 800,000 inhabitants. In July 2023, the complex reached its maximum capacity. It has the potential of contributing to around 16% of all the electricity consumed by Vale in Brazil.

In its global operations, Vale is also moving towards 100% renewable energy consumption by 2030. The company invests in joint venture partnerships, renewable generation certificates in contracts (PPAs) and innovation initiatives for better efficiency in the use of batteries.

Scope 1: alternative fuels and biocarbon

Vale is also working to reduce its direct Scope 1 emissions. In the mines and railroads, where diesel (a fossil fuel) is currently intensively consumed, the company is studying the adoption of alternative fuels, such as ethanol for trucks and green ammonia for locomotives. In the pelletizing furnaces, the strategy is to replace anthracite, a type of mineral coal, with zero-emission biocarbon, made from the carbonization of biomass.

Last year, Vale signed an agreement with Wabtec for the supply of three electric locomotives and the start of studies into the development of a green ammonia-powered locomotive engine. The company also produced pellets with 100% biocarbon for the first time in an industrial test.

Learn more

Via Vale

Wharton’s 56th Global Forum

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Dear Members and Supporters:

In recognition of the global importance of Brazilian business and the longstanding partnership between The Wharton School of the University of Pennsylvania and Brazilian executives, the Brazilian-American Chamber of Commerce is proud to support Wharton’s 56th Global Forum.  This highly anticipated event will take place from June 7-8, 2024 at The Grand Hyatt São Paulo (Avenida das Nações Unidas, 13.301, 04578-000 São Paulo – SP – Brazil).

The 56th Global Forum presents unparalleled opportunities to gain diverse perspectives from global leaders in industry, government, and academia.  The event will feature engaging presentations on cutting-edge research, faculty and executive-led master classes, and networking opportunities with global business leaders.

For more information on Wharton’s 56th Global Forum, including agenda, speakers, and registration, please click here.

To note – prior to the Forum Kick-Off, Wharton Executive Education will host a mini program on “Family Wealth Management: Balancing Family Harmony with Financial Prosperity.”   The mini program will take place on Friday, June 7th from 9 AM – 1 PM. In the link below, you can find more information about Friday’s workshop, including a QR code for registration. You can register for the workshop only or for the full forum.

We hope you take this opportunity to gain valuable insights from experts in business and government in one of Latin America’s most entrepreneurial cities!

Best wishes,

Brazilian-American Chamber of Commerce

—

Click here for more information and get tickets!

Southern Brazil reaps record soy to offset center-west crop failure

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A record soybean harvest in Brazil’s southernmost state should offset losses in the drought-hit center west, keeping a lid on prices in the world’s largest producer and exporter and slowing the pace of sales, according to local farmers and cooperatives.

Rio Grande do Sul will produce 68% more soybeans this season than last, according to estimates from national crop agency Conab, which said Thursday the state would regain the post of Brazil’s No.2 producer after Mato Grosso. Another state crop agency Emater projects a record crop of 22.25 million metric tons, up 71.5% from a year ago.
That marks a dramatic comeback after two straight years of drought in southern Brazil and neighboring Argentina. In the current crop, the El Nino weather pattern has hammered soybean farmers in Brazil’s top-producing state of Mato Grosso but compensated with strong yields in the south.

‘A GOOD PROBLEM’

Brazil will produce an estimated 146.5 million tons of soybeans this season, according to Conab, which had forecast 162 million tons in October, before the strong El Nino ravaged fields in center-west Brazil. In Mato Grosso, where Conab forecasts a drop of 7.5 million tons in soy production this year, global grain merchants often buy directly from farmers. But in Rio Grande do Sul they tend to deal with cooperatives set up in the late 1950s initially to help wheat producers store and sell the crop, said Enio Schroeder, vice-president at Cotrijal, the state’s largest farm coop, with more than 16,000 members.

Read the full report

Reporting by Ana Maro and Diego Vara via Reuters

Empresa com sócio-fundador brasileiro promove consultoria a empresários brasileiros que desejam expansão para os EUA

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Com a concorrência altíssima ao expandir a sua empresa para os Estados Unidos, o serviço de busca de estratégias e conhecimento local realizado pela empresa Dispatched Business Studio, tornou-se fundamental para que as chances de sucesso sejam maiores.

A empresa, que tem sua sede localizada em Nova York, e possui como sócios-fundadores o brasileiro Rodrigo Castello Branco e a estadunidense Fabíola Ordóñez, está promovendo um modelo de consultoria que vem gerando repercussão em toda a América Latina.

A Dispatched, que é considerada uma modern advisory firm (empresa moderna de consultoria), promove para seus parceiros uma minimização dos custos e o afastamento dos riscos ao se estabelecer empresas nacionais em território dos Estados Unidos ao simplificar as etapas de lançamento e expansão das empresas em todas as etapas, por meio de um conjunto de serviços e de networking que proporcionam a capacitação dos empreendedores, para que estes tenham uma maior assertividade e sucesso na realização de seus objetivos.

Leia a reportagem na íntegra.

Por Analice Nicolau via Jornal de Brasília

Meet our New Member Brunswick

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Brunswick is a strategic advisory firm focused on critical issues and critical stakeholders at the center of business, politics and society. Our purpose is to help our clients – the leaders of large, complex organizations – understand and navigate these interconnected worlds.

From financial situations through to capital markets, regulatory and public affairs, social issues, crisis, cyber, employee engagement and litigation, clients rely on Brunswick for insight, advice, preparedness and campaigns.

Learn more here

Embraer and Brazilian Air Force begin studies for special mission platforms

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Embraer and the Brazilian Air Force announced the beginning of collaborative studies to identify potential platform adaptations for Intelligence, Surveillance, and Reconnaissance missions. The platforms to be used are already operational in the Brazilian Air Force, such as the C-390 Millennium.

“The Brazilian Air Force constantly monitors its ability to fulfill its missions completely in the current context, while also looking at future challenges and the evolution of technologies. Studying the adherence and adaptability of Embraer platforms to the future challenges of these missions is an expected way to maximize commonality and technological autonomy,” says Lieutenant-Brigadier Marcelo Kanitz Damasceno, Commander of the Brazilian Air Force.

“Embraer has a successful track record in adapting its platforms for different objectives. The joint studies will allow the expansion of the solutions portfolio to meet the operational needs of the Brazilian Air Force’s Intelligence, Surveillance, and Reconnaissance missions and potential international customers. This is another important step in the long-term relationship between Embraer and the Brazilian Air Force,” says Bosco da Costa Junior, President and CEO of Embraer Defense & Security.

The announcement took place at the International Air and Space Fair (FIDAE) in Santiago, Chile, with the presence of Bosco da Costa Junior, President and CEO of Embraer Defense & Security, and Lieutenant-Brigadier Marcelo Kanitz Damasceno, Commander of the Air Force.

Via EDR Online

Message for U.S. Citizens: Postponement of Brazilian Visa Requirement to 2025

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The Brazilian government postponed the visa requirement for U.S. nationals for one year. On April 10, 2025, the Government of Brazil will reinstate a visa requirement for all U.S. nationals visiting Brazil, with an option for an e-visa for qualified applicants.  This date reflects a one-year postponement announced on April 9, 2024.

Currently, the visa fee is $80.90 with a 10-year validity.  For questions about the e-visa application procedures, visit the Brazilian government-authorized website, https://brazil.vfsevisa.com/

Please share this information with family, friends, and colleagues who are planning to visit.

Via U.S. Embassy & Consulates in Brazil

Meet our New Member Love Together Brasil

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Love Together Brasil is a non-profit, non-governmental organization based in Piancó, Paraíba.

The idea to establish Love Together Brasil was born in 2014, inspired by Geralda Sarraf, a native of Piancó who lives in New York, and her American friend Kristen Campagna.

The idealism and altruism of the friends became a reality, with the help of friends and volunteers, starting in April 2015, when Love Together Brasil, officially established, began its work in underprivileged communities in the hinterlands of Paraíba.

The goal of Love Together Brasil is to carry out, with the support of volunteers and the partnership of companies and public and private institutions, specific actions in education, health, and water supply.

In the last three years, the activities of Love Together Brasil have been intensified to alleviate the problem of water scarcity in underprivileged communities in the Northeast region, notably in Paraíba, with the drilling/installation of artesian wells in Daycares, Schools, Hospitals, and Urban and Rural Communities, through the “WATER FOR THOSE WHO ARE THIRSTY” Project, benefiting thousands of people.

Through this project, with the help of donors and volunteers, Love Together Brasil has delivered 50 (fifty) artesian wells, contributing to improving the living conditions of approximately 150,000 people in the Metropolitan Region of the Vale do Piancó, which covers 18 (eighteen) municipalities in the hinterlands of Paraíba.

In addition to carrying out specific actions in Education and Health, our mission is to bring potable water to underprivileged communities in the northeastern hinterland, promoting the socioeconomic development of regions affected by frequent droughts, intense heat, and water scarcity.

See other projects carried out by Love Together Brasil.

Learn more

Dispatched Business Studio Brings a New Concept of an Advisory Firm

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Whether interested in entering new global markets or accelerating their business in the US, clients benefit from the “one-stop shop” approach at Dispatched.

Dispatched Business Studio is a platform of trusted advisors working in collaboration with businesses, brands, and innovative founders. This new model of an advisory firm provides curated business solutions that tap into a unique network of experts across a broad range of industries in the US and internationally.

Dispatched’s mission is to simplify and elevate the process of launching and expanding companies at all stages by delivering a comprehensive suite of services, expertise, and connections that empower entrepreneurs, innovators, brands, and investors to strategically accelerate.

The definition of ‘dispatch’ is to send off purposefully and to deal with tasks efficiently, which reflects the founders’ inherent ability to rapidly organize complex projects and manage tasks and teams through a detail-oriented approach.

Fabiola Ordonez and Rodrigo Castello Branco are creative former practicing attorneys with multicultural backgrounds and entrepreneurial mindsets who practiced law at major international firms and the world’s largest asset manager. With over fifteen years of combined experience, they have structured, led, negotiated, and closed countless transactions amounting to billions of dollars in deal value for private and public companies across various industries.

Based in New York, with personal and professional experiences spanning the Americas, Europe, and Asia, they bring a fresh and dynamic approach to the ‘square’ stereotype of advisory firms. Fabiola and Rodrigo identified a gap in clients’ needs for bespoke and efficient business services and guidance outside of law – a true handholding.  With that in mind, they departed from the practice of law to create this new concept of a ‘business studio’, where they offer a “one-stop shop” model to US and LatAm based clients.

Learn more.

Via AP News

Diversidade no centro da gestão do Banco do Brasil

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“Diversidade é questão central da nossa gestão”, diz presidente do BB, que recebe prêmio da ONU

Tarciana Medeiros, presidente do Banco do Brasil, está entre os CEOs e empresas que conquistaram o Prêmio Ambição 2030 da ONU (Organização das Nações Unidas).

Na sua primeira edição, o prêmio reconheceu iniciativas de inclusão étnico-racial e equidade de gênero e foi anunciado na quinta-feira (14/03) em evento na sede da ONU, em Nova York.

Tarciana foi premiada como CEO de destaque com as iniciativas “Raça é Prioridade” e “Elas Lideram”, que têm como objetivo alcançar a paridade de pessoas negras e de mulheres na liderança, respectivamente, até 2030. “A diversidade é questão central da nossa gestão e temos conquistado importantes resultados tanto para equidade de gênero como para a inclusão da população preta e parda”, diz a CEO.

Diversidade no centro da gestão

Desde que assumiu, em janeiro de 2023, a presidenta, como gosta de ser chamada, tem levantado pautas de diversidade e sustentabilidade dentro do banco mais antigo do país, com 215 anos.

Sob sua gestão, o banco estabeleceu metas públicas e concretas em sustentabilidade e inclusão, criou um comitê de diversidade e tornou-se embaixador dos compromissos da ONU. “Essas ações priorizadas na estratégia do BB têm demonstrado impacto positivo para clientes, funcionários, fornecedores e demais parceiros estratégicos, contribuindo para a inclusão financeira e a geração de trabalho e renda.”

Para além do discurso e dos resultados financeiros que vem trazendo, Tarciana Medeiros levou mais mulheres para a diretoria e um executivo negro para liderar a BB Asset Management.

O Banco do Brasil também foi homenageado por suas medidas dedicadas à promoção da igualdade de gênero e inclusão étnico-racial. A instituição está presente na premiação nas categorias “30% de pessoas negras ou indígenas em posição de liderança até 2025” e “Apoio ao empreendedorismo de mulheres através das cadeias de suprimentos e marketing, com implementação de práticas de desenvolvimento empresarial que empoderem as mulheres”.

Leia a reportagem completa

Via Forbes Brasil

28th Inffinito Brazilian Film Festival

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Join us at the Miami Dade College’s 41st Annual Miami Film Festival, in collaboration with 28th Inffinito Brazilian Film Festival, for an exceptional cinematic experience featuring two captivating Brazilian films on April 10th and 12th.

TOLL

  • When: Wednesday, April 10, 7:00 PM + Q&A @ Silverspot Cinema 11
  • Directed by: Carolina Markowicz
  • Synposis: Suellen, a Brazilian toll booth attendant and mother, becomes entangled with a group of thieves in a desperate attempt to support her family. She discovers she can exploit her position to earn extra money for what she believes is a noble cause: sending her son to an expensive gay conversion workshop led by a renowned foreign priest. However, her actions set off a series of unforeseen consequences, leaving few satisfied, except perhaps the thieves.

MAYA AND THE WAVE

  • When: Friday, Apri 12, 7:30 PM + Q&A @ Silverspot Cinema 12
  • Directed by: Stephanie Johnes
  • Synposis: Maya Gabeira, raised in Brazil with aspirations to compete in surfing, faces not only the challenges of mastering the ocean through dedication and training but also the entrenched chauvinism within the male-dominated sport. Critics constantly question her abilities, yet Maya remains undeterred. In Maya and the Wave, we accompany Gabeira on her journey to shatter world records in Nazaré, Portugal, renowned for its towering waves.

Register for free on our platform

Via Inffinito

Brazil hopes COP30 climate summit boosts ecotourism

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Brazilian tourism officials are hoping to change the country’s image as a mere haven for scantily clad beachgoers by hosting U.N. climate talks next year in the Amazon rainforest city of Belem that will focus on environmental sustainability and ending deforestation to slow global warming

The summit is expected to boost Brazil’s attractiveness as an ecotourism destination and increase travel to its Amazon rainforest and other biomes that offer the world’s greatest biodiversity, Tourism Minister Celso Sabino said.

Only 9% of current visitors to Brazil are ecotourists, while almost two out of every three tourists come for sun and beach, he said in an interview late on Tuesday.
“Tourism is essential for the sustainability and preservation of forests, bringing needed economic development for the local inhabitants,” he said.
Drawing more environmental and adventure travelers is part of the government’s plan to increase overall tourism in Brazil, which is low in comparison with other countries. Tourism contributes less than 8% of Brazil’s GDP, compared to more than 20% in Spain, Portugal or the Dominican Republic, he said.
Sabino is working on expanding flights to Brazil and will be at the Seatrade Cruise Global fair in Miami next week to discuss increasing the number of cruise ship visits to Brazilian ports.
All steps to raise foreign and domestic tourism are welcomed by private businesses complaining that the number of tourists remains stagnant and below the pre-pandemic level.
“Brazil has a natural vocation for ecotourism given its unique biodiversity. There is an enormous potential to be tapped,” said Marina Figueiredo, executive president of Braztoa, the Brazilian tour operators association.
Tourists worldwide are looking for new experiences with nature and wildlife, Figueiredo told Reuters.
“COP30 next year will be more than just a conference. It is a very strategic event that will showcase Brazil as a country that protects the environment and preserves nature,” she said.
—
Reporting by Anthony Boadle; Editing by Paul Simao

Brazilian Tax Reform And Its Implications For Foreign Sellers

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Brazilian consumption taxes are highly complex. Different levels of government have the authority to levy taxes on consumption, leading to the coexistence of multiple taxes, each governed by distinct rules. This complexity creates numerous challenges, such as tax competition between states and conflicts of jurisdiction among different tiers of government.

Despite doubts about the possibility of tax reform in Brazil, the long-awaited simplification of the tax system has finally been enacted after nearly four decades of discussions and several unsuccessful attempts.

Current Brazilian consumption tax system

The Brazilian Federal Constitution of 1988 granted the authority to levy consumption taxes to all levels of government — federal, state, and municipal. As a result, Brazil operates with multiple layers of taxation, with various taxes existing concurrently. This constitutional framework delineates the division of taxation responsibilities regarding goods and services.

Brazilian tax reform

On 20 December 2023, Brazil approved the long-awaited reform, replacing the existing consumption taxes with a dual VAT system comprising a subnational VAT (imposto sobre bens e serviços, IBS) and a federal VAT (contribuição sobre bens e serviços, CBS). Both federal and subnational VAT will share key features, such as the taxable transaction and base, and will operate on a non-cumulative basis following the destination principle.

Implications for foreign remote sellers

Foreign remote sellers currently have no tax compliance obligations in Brazil. Unlike many other countries, Brazil has not implemented special regulations mandating remote sellers to collect Brazilian consumption taxes on digital services provided to Brazilian customers.

Although the proposed reform does not explicitly outline rules for foreign sellers of digital services, some initial insights can be drawn based on its overarching principles. Under the Brazilian dual VAT system, taxable transactions will include both domestic and import transactions involving tangible goods, intangible goods, and services. The destination principle will apply to both cross-border transactions and domestic ones, but the criteria for determining the customer’s location will be specified in the complementary law. As a result, services provided by foreign sellers will be subject to taxation in Brazil. However, the specific tax collection mechanism Brazil will adopt has yet to be determined. If tax collection obligations are imposed on foreign sellers, they will face significant challenges in determining the customer’s location and the applicable tax rate, which may vary from one municipality to another.

Concluding remarks

The Brazilian tax reform aims to address long-standing issues of tax competition and jurisdictional conflicts among different levels of government. Once fully implemented, it is expected to simplify taxation and enhance tax administration and compliance. The new system will align more closely with international tax principles and will also encompass digital services provided by remote sellers to Brazilian customers. However, clarity is still needed regarding the application of tax collection responsibilities. Furthermore, the tax reform is anticipated to stimulate foreign investments in Brazil. Many companies interested in investing in the country currently hesitate due to the complexity of the tax system. However, the cost reductions resulting from the reform may lead to increased interest in establishing a local presence in Brazil.

By Aleksandra Bal via Forbes

Read the full article

5 lideranças brasileiras que transformaram o Brasil

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Há séculos, mulheres pioneiras lideram transformações no Brasil. Seja na gestão pública, no empreendedorismo social, na ciência, na tecnologia ou na educação, elas seguem abrindo caminhos para que outras lideranças femininas alcancem patamares cada vez mais altos no futuro.

Não à toa, a presença de mulheres na liderança começa a dar sinais de crescimento no país. Segundo o Panorama Mulheres 2023, realizado pelo Talenses Group e pelo Insper, as CEOs mulheres passaram de 13%, em 2019, para 17% em 2022. Já no setor público, a porcentagem de mulheres em cargos de alta liderança saltou de 29% para 34%.

Porém, para que os grandes feitos dessas mulheres sejam reconhecidos devidamente, é preciso saber que elas existem.  Por isso, esta lista destaca 5 lideranças femininas que contribuíram e contribuem com esse cenário de pioneirismo no país. Confira a seguir:

1. Nísia Floresta (1810-1885)

Aos 22 anos, Nísia Floresta escreveu o livro “Direitos das mulheres e injustiça dos homens”, o primeiro entre outras 14 obras publicadas pela educadora, jornalista e poetisa em defesa dos Direitos Humanos no Brasil. Geralmente, utilizava os veículos para propagar ideais republicanos, abolicionistas e defensores dos  direitos de mulheres, escravizados e indígenas.

2. Antonieta de Barros (1901-1952)

Dois anos depois da conquista do voto feminino, Antonieta de Barros (1901-1952) se tornou a terceira mulher e a primeira parlamentar negra a ser eleita no Brasil, em 1935. Filha de ex-escravizada e natural de Florianópolis (SC), a deputada tinha a educação como causa e ofício.

3. Nise da Silveira (1905-1999)

A psiquiatra alagoana Nise da Silveira é pioneira em muitas áreas: uma das primeiras mulheres a se formar em Medicina no Brasil, foi a única em uma turma de mais de 150 homens. Também foi pioneira da psicologia junguiana no país, bem como das pesquisas sobre a relação emocional de pacientes com animais.

Mas seu grande legado está no uso da arte como tratamento para transtornos mentais. Quando coordenou o Centro Psiquiátrico Nacional Pedro II, no Rio de Janeiro, Nise partiu na contramão das técnicas utilizadas nos sanatórios da época, que geralmente envolviam lobotomia, camisas de força e confinamento.

4. Adriana Barbosa (1978)

Nascida e criada em São Paulo (SP), Adriana Barbosa trilha o caminho do empreendedorismo desde os 12 anos de idade, quando ajudava a complementar a renda da família. Mesmo trabalhando na área de Comunicação, ela seguiu frequentando feiras de empreendedorismo, o que a motivou a criar um evento que valorizasse a cultura negra nesses espaços. Assim nasceu a Feira Preta. A empreendedora foi a primeira mulher negra a ser indicada na lista de Inovadores Sociais do Mundo, pelo Fórum Econômico Mundial.

5. Karen Santos (1992)

A trajetória de empreendedorismo social da designer Karen Santos nasceu a partir de uma dor pessoal: a escassez de mulheres pretas no mercado digital. Quando migrou para a área de UX (Experiência do Usuário), sentiu a necessidade de trocar experiências com outras profissionais negras.

Por isso, a UX para Minas Pretas nasceu como uma comunidade, mas rapidamente se tornou uma startup de educação (edtech), com objetivo de capacitar mulheres negras na área de UX Design.

Leia a reportagem na íntegra.

Via Fundação Lemann

Mattos Filho é recordista na categoria Brazil Law Firm of the Year do Chambers Brazil Awards

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Reconhecido pela sétima vez como escritório do ano em uma das principais premiações do mercado jurídico, Mattos Filho também é líder em números de prêmios na edição 2024, com conquistas em cinco categorias

O Mattos Filho recebeu o principal prêmio do Chambers Brazil Awards 2024: Brazil Law Firm of the Year. É a sétima vez que o escritório é reconhecido como o melhor do ano no país, o que o torna recordista nesta categoria. Durante a cerimônia, realizada no último dia 21/3, em São Paulo, o Mattos Filho recebeu outros quatro reconhecimentos, sendo o líder em número de premiações desta edição.

O Chambers Brazil Awards é uma das principais premiações do mercado jurídico e reconhece os escritórios de advocacia do país por sua excelência técnica, atendimento ao cliente e crescimento estratégico. Para o Mattos Filho, esse resultado reflete o trabalho estratégico dos profissionais no atendimento jurídico de excelência que é prestado aos clientes.

Confira todas as conquistas!

Via Mattos Filho

 

10th Year Anniversary Concert! Brazilian Rhythms & Styles

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The Brazilian Music Foundation is celebrating its 10th anniversary in 2024 and has prepared a wonderful concert of Brazilian rhythms and styles which will be presented on May 9th, 2024 at the National Opera Center America.

We will continue to present the best of Brazilian music and also help children in Brazil through our program “The Future of Our Children”.

“BRAZILIAN RHYTHMS & STYLES” 

Our music is our story!

With it we found musical textures, like Lundu, Maxixe, Choro, Samba, Bossa Nova, MPB, and many countless rhythms and musical genres. 

Brazil’s musical mix is the result of our ethnic and cultural mix. For example, the lundu was adapted by the curumins from the religious songs of the Jesuits, while the chorinho evolved from the mixture of European music brought by the Portuguese court and the street festivals enlivened by the atabaques of African slaves. This fruitful mixture germinated in our imagination, creating a fusion between popular and classical elements.

The communion of ethnic miscegenation with the creative imagination gave rise to our national character and its captivating musicality. The broad and deep links between the history of Brazilian music and its social and cultural elements are demonstrated in this concert.

ABOUT THE CONCERT

The concert showcases the richness and variety of Brazilian Rhythms. We will travel together through the history of Brazilian musical styles; showing the diversity of pitches, tones, sounds, and musical colors. The story will be brought to life by a select group of virtuoso musicians.

The chosen repertoire will present the diversity of sounds from each era, the work of several musicians who were part of the history of Brazilian music.

From lundu to MPB, we will present some musical hits by artists like; Chiquinha Gonzaga, Ernesto Nazareth, Villa Lobos, Francisco Mignone, Donga, Ary Barroso, Cartola, Dorival Caymmi, Tom Jobim,  Zequinha de Abreu,  Nelson Cavaquinho, João  Gilberto, Luiz Gonzaga, and more…

From Classical sounds to profound popular lyrics, you will be delighted to hear some famous songs that have touched the lives of so many people around the world! We hope you will be moved by the wonderful sounds of Brazilian Music!

MEET THE PERFORMERS

Location:

THE NATIONAL OPERA CENTER 
330 7th Ave (betw. 28th-29th St), 7th floor, New York, NY

May 9, 2024 | 8:30 PM EST

Click here for Google map!

GET TICKETS

 

Via Brazilian Music Foundation

Meet our New Member Finocchio & Ustra Advogados

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Finocchio & Ustra (FIUS) is a full-service law firm, with a team of approximately 250 people. FIUS has a relevant history of success cases resulting from its strategic way of acting and business acumen. Focused on understanding and improving its clients’ businesses, the firm places the client at the center and harnesses multidisciplinary efforts to mitigate risks and deliver strategic, innovative, reliable and effective solutions. The team is its best asset, and FIUS is incredibly proud to have an extremely talented team that acts freely in an ethical and collaborative environment. The firm’s core values are based on respect, innovation, excellence, and preparing for coming corporate challenges. Headquartered in Campinas for 22 years, with branches in Ribeirão Preto, São José dos Campos and São Paulo, FIUS has a strong presence in the countryside of the state of São Paulo, as well as correspondents throughout Brazil and abroad.

Learn more.

Brazil is More Than Just Sun, Sea and Sand: Where to Go for Wildlife, Hiking and Diving

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Beyond culture and carnivals, Brazil’s beautiful natural landscapes are a growing draw for tourists.

Famous for its world-class carnivals, glorious beaches, towering Christ the Redeemer statue and hearty cuisine, Brazil is a country of staggering proportions and diverse landscapes.

The country is also home to a wealth of natural wonders and outdoor activities, making it a top holiday choice for outdoor lovers and thrill seekers looking for an adrenaline rush.

Among its most renowned treasures is the Amazon rainforest, which spans over 6.7 million square kilometers and represents over half of the planet’s remaining rainforests. Its fragile biodiversity is unmatched and is home to millions of species of plants, animals, and insects, many of which have yet to be discovered.

The best natural wonders in Brazil

The Amazon River, flowing through the heart of the rainforest, is the largest river by discharge volume globally. It plays a vital role in sustaining the ecosystem and surrounding communities.

In the southern region of Brazil lies the Pantanal, the world’s largest tropical wetland area.

During the rainy season, the Pantanal transforms into a vast flooded plain, teeming with wildlife such as jaguars, caimans, capybaras, and many bird species. Its diverse habitats support a rich ecosystem, drawing nature enthusiasts and researchers from across the globe.

Along the border with Argentina, Iguazu Falls is one of the most spectacular waterfalls globally. It comprises a series of over 275 individual falls cascading over cliffs amidst lush rainforests.

By Portia Jones via Euronews.

Read full article here.

Brazil’s Mangrove Forests Represent Untapped Blue Carbon Banks, Says New Study from National Geographic Explorers

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Press Release

New research from the National Geographic and Rolex Perpetual Planet Amazon Expedition suggests increased protection of Brazil’s mangroves can help meet the country’s emissions targets

Washington, D.C. (March 4) — Released today in Nature Communications, a new study titled “The inclusion of Amazon mangroves in Brazil’s REDD+ program” suggests that Brazil’s mangroves hold untapped climate mitigation potential, sequestering an estimated 468.3 tonnes of carbon per hectare — a capacity roughly 3-20-fold higher than that of Brazilian upland biomes. The study, authored in part by National Geographic Explorers Angelo Bernardino and Margaret Awuor Owuor, proposes that it is essential that Brazil’s mangroves be included in the country’s Nationally Determined Contributions (NDCs) as part of the Paris Agreement and could be further utilized in the voluntary carbon credit system to finance forest conservation through the REDD+ initiative.

Protecting these blue carbon reservoirs would not only be key to helping Brazil reach its 100 percent emissions reduction goal, but could also provide added economic benefit as actions to halt mangrove loss in the Amazon could potentially generate nearly 11.5 ± 0.11 million tonnes in carbon credits over a 10-yr period (2020-2030) under REDD+, suggesting they are of great value to mitigate emissions from the forestry sector and finance biodiversity conservation.

Brazil contains the second largest repository of mangrove forests in the world, yet the country’s National REDD+ strategy currently does not include the mitigation of mangrove deforestation in the context of result-based payments for reducing emissions under the United Nations Framework Convention on Climate Change (UNFCCC). To better understand their potential impact and advocate for these critical coastal ecosystems, Bernardino, Awuor Owuor and a team of local researchers analyzed 900 soil samples and tree measurements from over 190 forest plots to determine mangrove forest emission levels across pristine and deforested areas near the Amazon River mouth including Sucuriju, Araguari and Bailique, and to the east including Curuçá, Maracanã and Bragança.

Via NATIONAL GEOGRAPHIC SOCIETY NEWSROOM

Read full press release.

The US Treasury Secretary Calls Brazil’s Tax Reform ‘historic’

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On Tuesday, February 27, US Treasury Secretary Janet Yellen called the Brazilian tax reform approved by the National Congress last year “truly historic”. According to her, the measure may attract foreign investments to the country.

“I congratulate Minister [of the Economy, Fernando] Haddad for proposing truly historic tax reform. This will make business easier, including for US companies to invest in Brazil.”

The reform is one of the main measures the Lula government and minister of economy Fernando Haddad have been advocating for, which promises to modernize Brazil’s tax system by implementing a taxation model currently used in many developed countries. The government expects to send the bill to the National Congress in March.

From the newsroom
Translated by: Ana Paula Rocha | Edited by: Nicolau Soares via Brasil de Fato 

Read full article.

Leia em português.

Legal Insights From Brazil to Start Your Week

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Capital Markets | Brazilian Authority Updates Rules For Eligible Underlying Assets of CRI and CRA; Reimbursement of Expenses Remains Restricted

The National Monetary Council (CMN) promoted specific adjustments to regulation that substantially impacted the offering of Agribusiness Receivables Certificate (CRA) and Real Estate Receivables Certificate (CRI) by agribusiness and real estate related companies, respectively.

See below the changes that Resolution No. 5,121, of March 1st, made to Resolution No. 5,118:

1. The Definition of “Debt Instruments” Does Not Include Commercial Contracts: The wording of Resolution 5.118 generated doubt among market agents whether or not it included contracts of a commercial nature, which are common in securitization transactions.

The CMN clarifies, through Resolution 5.121, that contracts of a commercial nature, such as rental contracts, purchase and sale contracts and usufruct contracts related to real estate, can be used as underlying asset for CRA and CRI offerings.

2. Possibility of Issuing CCI as Backing for CRIs: The revised regulation now allows debt instruments whose issuers are not characterized as debtors, co-debtors or guarantors to also be backed by CRA and CRI, such as the Real Estate Credit Certificate (CCI), which is a title issued by a real estate lender.

3. Prohibition of Backing with Debt Instruments of Financial Institutions: Another amendment to Resolution 5.118 sought to restrict the application of the new prohibitions to financial institutions or their respective subsidiaries.

4. Possibility of CRI Offerings for Reimbursement of Expenses Remain Prohibited: One of the points that market agents expected that the CMN would review was regarding offering of CRI for reimbursement of expenses.

Resolution 5.121 did not change the restriction imposed by Resolution 5.118 that CRAs and CRIs cannot contain as collateral credit rights “arising from financial operations whose resources are used to reimburse expenses”.

Although the changes introduced are welcome, the CMN should have also allowed the possibility of CRI for reimbursement of expenses, which is a typical real estate transaction and brings liquidity to the sector.

 

Dispute Resolution | New “Electronic Judicial Domicile” System in Brazil: Mandatory Registration of Brazilian Companies Must Be Completed by May 2024

According to the Brazilian National Council of Justice (CNJ), registration is mandatory for all companies that are registered in Brazil (i.e., that have a taxpayer number, so-called “CNPJ”), except if they are classified as “micro” or “small” company. Such registration must be completed by May 30th, 2024.

After such deadline, (i) inclusion will be automatic, based on Brazilian Federal Revenue data, (ii) all procedural communications sent via Electronic Judicial Domicile will be deemed acknowledged and valid, (iii) the company will be exposed to penalties and procedural sanctions for non-compliance with such judicial communications (including default of appearance and possible convictions) and (iv) if the company does not use the portal and/or does not respond to procedural communications, a fine will be imposed.

The Electronic Judicial Domicile is a platform that concentrates all communications and subpoenas, issued by Brazilian courts and directed to companies, on a single system. It is worth mentioning that the system encompasses all Brazilian courts, regardless of the jurisdiction (for example, civil, federal, labor, tax courts and even superior courts).

The purpose of the system is to facilitate procedural communications, standardize access to such subpoenas and expand the digitalization of the Judiciary. As its use will be mandatory, companies must designate an employee/third party to periodically access the portal and train them to operate the platform – so that they perform the filtering and forward such communication to an external lawyer hired by the company.

According to the rules of the Electronic Judicial Domicile system, all summonses will be deemed read and valid after 3 business days, and all notifications after 10 business days, starting the procedural deadlines. Also, in case of failure to confirm receipt of the summons, the company will be subject to a fine of up to 5% of the value of the claim.

It is important to highlight those communications directed to retained lawyers and/or lawyers already with powers in legal proceedings will not be affected by the new system. The Electronic Judicial Domicile only encompasses communications that are targeted by the Courts directly to companies, as is the case with summonses (i.e., for new claims, in which there is no appointed lawyer yet) or personal subpoenas (in which the communication is made to the party, and not via a lawyer).

 

Labor | Brazilian Superior Labor Court Denies Award Bank Employee Status To Former Employee of Payment Methods Fintech

The 4th Panel of the Brazilian Superior Labor Court (TST) recognized that employees of a fintech of payment methods cannot be equated with bank employees, even if only for the purposes of labor and employment rights.

The actions that have reached the TST seek to classify payment method companies in the financial category, in which case the employment contract becomes governed by the collective bargain agreement of bank employees, generally more advantageous, such as, for example, working hours six hours a day (30 hours a week).

However, the activities of payment method companies are incompatible with those of financial institutions in the eyes of the Brazilian Central Bank, due to an express legal prohibition. The activity of means of payment is governed by Law No. 12,865, of 2013, which provides for payment arrangements and payment institutions that are part of the Brazilian Payment System (SPB – Brazilian Acronym), which expressly prohibits the performance of these companies in activities carried out by institutions financial institutions regulated by the Brazilian Central Bank.

In this case, the Brazilian Regional Labor Court of Rio de Janeiro had understood that the evidence demonstrated that the company acted as a financial company and not just as a payment method company, because in addition to managing credit cards, the company allegedly performed services of “ credit, financing or investments”.

The fintech appealed the decision to the Superior Labor Court (TST – Brazilian Acronym), and, for the Reporting Judge of the case at the TST, Judge Maria Cristina Peduzzi, as credit card operators act only as intermediaries between the end user, commercial establishments and financial institutions, which are regulated by the Central Bank of Brazil, payment method companies do not, as a rule, qualify as financial institutions.

The Reporting Judger highlighted that “the classification of the activities carried out by the employee as belonging to a (non-financial) payment institution is sufficient to remove the status of a financial institution”, since intermediation and services do not mean that they actually performed the services of financial institutions.

We highlight that, fortunately, this decision is in line with the majority understanding of the TST on the subject, which, since 2020, has been taking a position in the sense that employees of fintechs, and other means of payment, act in fact as banking correspondents and cannot be classified as banking or financial institutions, therefore recognizing the regularity of the companies before the Brazilian Central Bank and the absence of labor rights for bank employees to the employees of these companies.

Via Feijó Lopes Advogados 

Novas Perspectivas – Fundos (impactos: jurídicos, fiscais e tributários)

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Novas Perspectivas – Fundos (impactos: jurídicos, fiscais e tributários)

Wed, Mar 6, 2024 9:00 AM BRT

Programação:

09:00 – 09:20 Abertura/Avisos/Pesquisa
09:20 – 09:35 Palestrante: Gisele Sterzeck (BR)
09:35 – 09:55 Palestrante: Ana Gaertner (BR)
09:55 – 10:25 Palestrante: Eduardo Alves (BR)
10:25 – 10:55 Palestrante: Flavia Fernandes (BR)
10:55 – 11:00 Perguntas e Respostas (Q&A)
11:00 – 11:00 Encerramento

INSCREVA-SE AQUI.

Meet our New Member Dispatched Business Studio

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Dispatched Business Studio – a modern take on an advisory firm – offers a one-stop shop approach to LatAm and US based companies looking to enter new global markets or accelerate their businesses in the United States.

Dispatched is a platform of trusted advisors working in collaboration with businesses, brands, and innovative founders. They provide curated business solutions that tap into a unique network of experts across a broad range of industries in the United States and internationally. Implementing their expertise and connections save their clients time and resources, and allows them to focus on their core businesses and passions.

Learn more.

Brazil Transactions – Industry Insights

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Brazil Transactions – Industry Insights, Winter 2024

1,400 M&A transactions were registered in Brazil in 2023, a 9.3% decrease in the number of announced transactions.

2023 period registered 22 follow-ons, raising over BRL 32 billion (+USD 6.4 bn). For the second consecutive year, there were no IPOs.

Total market capitalization of the Brazilian Stock Exchange (Bovespa) as of December 31, 2023, was over USD 874 bn.

Read full report.

Via KROLL

 

 

For more information, please contact:

Alexandre Pierantoni
Managing Director
Head of LATAM and Brazil Corporate Finance
Sao Paulo
+55 11 3192 8103
+55 11 9 5500 8151
alexandre.pierantoni@kroll.com

José Thompson
Director, Corporate Finance
Sao Paulo
+55 11 3192 8108
+55 11 9 8689 4026
jose.thompson@kroll.com

 

Quem São os Ricos e Famosos que Fazem Doações à Brazil Foundation

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Instituição ganhou a atenção de várias personalidades, entre elas a bilionária MacKenzie Scott, a cantora Selena Gomez e o piloto de F1 Lewis Hamilton

Os desafios de todo tipo enfrentados pelo Brasil chamam a atenção do mundo, gerando comoção entre várias personalidades. A Brazil Foundation, com sede em Nova York e um escritório no Rio de Janeiro, foi criada em 2000 por Leona Forman, após se aposentar de suas atividades na ONU (Organização das Nações Unidas). Na época, com apoio de figuras ilustres, entre elas a antropóloga e pesquisadora Ruth Cardoso (também ex-primeira dama e que faleceu em 2008), Forman fundou a instituição com o objetivo de servir como ponte entre doadores nos EUA e ações afirmativas no Brasil.

Não demorou muito para atrair a atenção de famosos, interessados em fazer doações ao país. A modelo Gisele Bündchen é um exemplo: criou o Fundo Luz Alliance para captar recursos e apoiar iniciativas de preservação e recuperação de rios, mata ciliares e aquíferos. A Brazil Foundation auxiliou Bündchen na aplicação dos recursos, buscando as iniciativas que atendiam aos requisitos da instituição e eram de fato efetivas.

Por Francisco Stefanelli via Forbes Brasil 

Leia matéria na íntegra.

 

 

 

Banco do Brasil é Considerado o Mais Sustentável do Mundo em Ranking pela 5ª vez

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O Banco do Brasil foi considerado o mais sustentável do mundo pela consultoria Corporate Knights, que avalia o desempenho em sustentabilidade corporativa de cerca de 7.000 empresas de capital aberto mundo afora com receitas brutas acima de US$ 1 bilhão. Foi a quinta vez que o BB foi o banco mais bem avaliado entre as 100 empresas mais sustentáveis. Além disso, pela primeira vez, a instituição figurou entre as dez organizações mais bem colocadas, ocupando a sexta posição.

A avaliação da Corporate Knights leva em conta 25 indicadores econômicos, ambientais e sociais, relativos a receitas e investimentos sustentáveis, promoção da descarbonização, diversidade racial e de gênero.

“Este reconhecimento evidencia nossa atuação consistente no tema ASG sigla para boas práticas ambientais, sociais e de governança. Em 2023, reforçamos ainda mais este nosso trabalho, com a criação de uma Unidade Estratégica para conduzir de modo transversal as pautas ambientais, sociais e de governança no banco”, afirma a presidente do BB, Tarciana Medeiros, em nota. “Temos compromissos públicos e com metas concretas em cada uma dessas frentes, atuando de modo voluntário, protagonista e como verdadeiros líderes em sustentabilidade empresarial no Brasil e no mundo.”

Além das metas e estruturas internas voltadas ao tema, o banco tem uma carteira de R$ 338,2 bilhões em créditos com pegada sustentável. São empréstimos e financiamentos para atividades e setores que têm impactos sociais e ambientais positivos, como energias renováveis, eficiência energética, produção sustentável de alimentos e desenvolvimento local e regional.

“Estamos em um momento em que nossas ações e compromissos para um mundo mais sustentável, conectados aos Objetivos de Desenvolvimento Sustentável da ONU, convidam todos os públicos de relacionamento a assumirem responsabilidades diante das mudanças climáticas e seus efeitos na vida das pessoas e comunidades no presente e no futuro”, diz o vice-presidente de Governo e Sustentabilidade Empresarial do banco, José Ricardo Sasseron.

Via Isto é Dinheiro

Leia o artigo na íntegra.

Lei da Igualdade Salarial: Desafios, Estratégias e Possibilidades

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A Lei da igualdade salarial é um novo capítulo para a equidade no ambiente de trabalho. Com novas obrigações, a legislação traz janelas de oportunidades para todas as empresas, tendo a compreensão jurídica de suas implicações e o engajamento de lideranças como pilares fundamentais para a adequação à Lei.

No evento ‘Lei da Igualdade Salarial: desafios, estratégias e possibilidades’, nossa sócia Silvia Figueiredo Araújo Schnitzlein e a associada Andressa Gudde recebem especialistas do mercado para apresentar perspectivas e desafios, propondo caminhos para que as empresas estejam preparadas para lidar com todos os possíveis desdobramentos da Lei 14.611/2023.

O time de debatedores é composto por Flávia Lisboa Porto (Reckitt), Marcela Pietrobom (Medtronic), Fernanda Frezarin Kazakevicius [Ela/Ella/She] (Unilever) e Gianfranco Cinelli (Hidrovias do Brasil).

O evento será presencial em São Paulo, no dia 27 de fevereiro, e contará com transmissão online.

Para inscrições e mais informações, acesse: https://bit.ly/3T3urXR

Novas Perspectivas – Planejamento e Execução Estratégica

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Novas Perspectivas
Planejamento e execução estratégica (passos críticos)

Com Gerson Charchat (sócio, PwC) e Felipe Bovolon (diretor, PwC)

Adicionar o evento no meu calendário

Wed, Feb 21, 2024 9:00 AM BRT

Programação:

09:00 ~ 09:20 Abertura/Avisos/Pesquisa
09:20 ~ 09:50 Palestrante: Felipe Bovolon (Strategy&)
09:50 ~ 10:20 Palestrante: Mauro Toledo (Strategy&)
10:20 ~ 10:50 Palestrante: Gerson Charchat (Strategy&)
10:50 ~ 11:00 Perguntas e Respostas (Q&A)
11:00 ~ 11:00 Encerramento

Speakers:

 

Clique aqui para se inscrever

Via PwC

Three Brazilian Banks Among Global Top 500 Valuable Brands

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In 2024, Itaú, Banco do Brasil (BB), and Bradesco are ranked within the world’s 500 most valuable brands.

This report comes from Brand Finance and was presented at the World Economic Forum in Davos, Switzerland, on January 17.

Banco do Brasil stands out, jumping 50 places since 2023. This leap marks it as the fastest-growing Brazilian brand in value.

By Richard Mann via The Rio Times

Read full article.

Paula Vieira de Oliveira Appointed as Co-Chairperson of Legal Programs & Events Committee for 2024

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The Brazilian-American Chamber of Commerce is pleased to announce Paula Vieira de Oliveira as Co-Chairperson of the Legal Programs & Events Committee, serving alongside Co-Chairperson Maurizio Levi-Minzi.  Ms. Vieira is Partner in charge of Mattos Filho’s New York office and a member of the firm’s corporate / M&A practices.  She is skilled in Brazilian and cross-border M&A transactions, private equity, inbound investments, and commercial contracts involving public and private companies in many industries and sectors.  She also advises management bodies and shareholders on corporate regulatory matters.  Ms. Vieira is a graduate of Pontifícia Universidade Católica de São Paulo (PUC-SP) and holds a Master of Laws from the University of Pennsylvania.

At the 2024 Annual Membership Luncheon, to take place in February / March, all new committee chairpersons will be officially announced.  We are privileged to have Ms. Vieira assist in the development of Chamber programs and seminars focusing on key legal issues in Brazil-US business.

As of April 10, 2024, Passport Holders from Australia, Canada, and the United States will Be Required to Obtain an e-Visa to Enter Brazil.

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As of April 10th, 2024 , passport holders from Australia, Canada and the United States will require an e Visa to enter Brazil. If you have a valid physical visa on your passport for the purpose of your visit, you do not need to apply for a new visa. For special passports you still need an e Visa or physical visa if you are traveling with a diplomatic passport.

Via United Airlines

      

Novas Perspectivas – Fechamento do Exercício 2023

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Novas Perspectivas

Fechamento do Exercício 2023

Wed, Jan 10, 2024 9:00 AM BRT

Programação:

09:00 – 09:20 Abertura/Avisos/Pesquisa
09:20 – 09:50 Palestrante: Christiano Santos (BR)
09:50 – 10:20 Palestrante: Jéssika Vinque (BR)
10:20 – 10:50 Palestrante: Paula Romano (BR)
10:50 – 11:00 Perguntas e Respostas (Q&A)
11:00 – 11:00 Encerramento

 

Register here

M&As in Brazil Expected to Reach Record Levels in 2024

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After falling last year, the number of M&A operations in Brazil is expected to recover in 2024.

Consulting firm Kroll registered 1,400 transactions last year, compared to 1,543 in 2022.

“In 2024, we’ll see the return of a record volume of M&A operations, to around 1,600, as we had in 2021. This is because I expect the return of appetite from foreign investors amid a reduction in interest rates in Brazil and due to less political noise,” Alexandre Pierantoni, the head of Kroll’s corporate finance and M&A area, told BNamericas.

President Luiz Inácio Lula da Silva returned to the presidency in January 2023, narrowly defeating Jair Bolsonaro in October 2022. The transition of power led market players to postpone investment decisions until the government’s plans became clearer.

In addition, M&As and the capital market were impacted by a high base rate of 13.75%. The central bank started a reduction cycle only in August as inflation fell, with the benchmark Selic currently at 11.75% and further reductions expected.

“The positive impacts of the Selic reduction will still materialize, especially when we reach a single-digit level, closer to 9%. I believe that from the second half of the year we will see signs of the return of IPOs, which will also help to provide traction to M&A movements,” said Pierantoni.

The financial and technology sectors will remain the most significant ones in terms of transactions, followed by energy and water.

“São Paulo state is expected to complete the privatization of water utility Sabesp this year, which in itself is a major operation. Furthermore, the completion of this operation could attract even more investor interest to companies in the sector, including to companies that are not yet listed,” added Pierantoni.

Recently, Sabesp hired banks to handle part of the privatization, which is envisaged as a share offering planned for this half. The state owns 50.3% and wants to keep 15-30%. The rest of the shares are listed in Brazil and the US.

Sabesp is one of the world’s biggest firms in the sector, providing potable water to 28.7mn people and sewage services to 25.5mn.

Via BNamericas.

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Newsletter: Mercado de Capitais – Edição 09

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NEWSLETTERS 20 . Dezembro . 2023

O impacto da presença de influenciadores digitais no mercado financeiro, que será analisado pela CVM por meio de consulta pública, é um dos destaques desta edição, na seção Companhias Abertas. As novidades em Ofertas Públicas e Fundos de Investimento incluem o início do processo de consulta para revisão das normas aplicáveis a ofertas públicas de aquisição; e a divulgação das orientações sobre o preenchimento de informação de cotistas no Banco Central.

Confira o conteúdo desta edição:COMPANHIAS ABERTAS
  • Consulta da CVM analisa impacto da presença de influenciadores digitais no mercado financeiro
  • Nova norma da CVM altera regra envolvendo companhias securitizadoras
OFERTAS PÚBLICA
  • CVM inicia processo de consulta para revisão das normas aplicáveis a ofertas públicas de aquisição
  • CVM promove alterações pontuais nas Resoluções 141 e 151

FUNDOS DE INVESTIMENTO

  • Área técnica da CVM divulga orientação sobre preenchimento de informação de cotistas no Banco Central

Via Veirano Advogados

Confira a edição completa de dezembro de 2023.

Legal Insights From Brazil to Start Your Week

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What you will be reading in this issue:
________________________________________
1. Governance | 5 Key Agenda for Medium and Large Brazilian Companies in 2024
2. Labor | 5 Actions to Mitigate the Risk of Psychologial Diseases Being Recognized as Occupational Ones

Governance | 5 Key Agenda for Medium and Large Brazilian Companies in 2024

Brazilian companies that we have seen grow, innovate and generate value in different segments of Brazilian economy have in common strategic attention to medium and long-term funding, governance, talent attraction and M&A opportunities.

The factor below apply to companies in all major sectors in Brazil, including agribusiness, technology, manufacturing, finance, energy, and others.

Companies that want to grow in 2024 should consider the following 5 themes in their strategic plans:

  1. Focus on Attracting Structured Financing in Brazilian Reais: The Brazilian capital market for fixed income credit is closer than ever to medium and large companies, but still few are aware of the importance to create relationships with local financial institutions, funds, family offices and other medium and long-term capital financiers.

Even so, agribusiness companies issued more than BRL100 billion in Agribusiness Receivables Certificates (CRA) so far in 2023, acquired by funds, family offices and other investors, to raise medium to long-term resources (5 to 10 years).

Likewise, companies in the real estate sector issued Certificates of Real Estate Receivables (CRI) in high volumes to finance projects and costs of projects already built, with terms of 5 to 10 years.

Commercial Notes and Debentures are also medium and long-term funding options for companies.

  1. Look at Obtaining Foreign Funding From Foreign Banks and Funds: Brazil’s participation is still irrelevant in international trade, with a share of close to 2% of global trade volume.

Even so, agricultural, industrial and technology companies export commodities, value-added products and services that generate receivables in dollars and other hard currencies that can be financed by foreign funding.

There are several foreign financial institutions, trading companies, funds, family offices and investors that finance exports of Brazilian companies, via export prepayment lines, direct loans, draft (international duplicate discount), among others, in a volume that exceeds US$50 billion annually.

Companies should seek these financing channels as another funding alternative, especially in hard currency.

Via Feijó Lopes Advogados

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Rio Ganha Escritório da Organização Mundial do Turismo

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A OMT é a agência da Organização das Nações Unidas responsável pela promoção do turismo de forma responsável, sustentável e acessível.

O Rio de Janeiro ganhou nesta quinta-feira (14) o primeiro escritório da Organização Mundial do Turismo (OMT) para as Américas e o Caribe.

A inauguração contou com a presença do ministros do Turismo do Brasil, Celso Sabino, dos ministros do Chile e do Paraguai, do presidente da Embratur, Marcelo Freixo, e do diretor da Organização Mundial do Turismo (OMT), Zurab Pololikashvili.

O escritório, no Centro da cidade, vai contar com representantes de outros países da região.

A OMT é a agência da Organização das Nações Unidas (ONU) responsável pela promoção do turismo de forma sustentável, responsável e acessível.

O Rio foi escolhido para sediar a nova representação da OMT em outubro. A cidade teve o 5º maior crescimento do PIB de turismo no mundo em 2022. E este ano já arrecadou R$ 190 milhões em impostos com o turismo, gerando mais de 20 mil empregos.

Por Por Ben-Hur Correia, RJ2 via

Ler artigo na íntegra.

Think Climate Risks Aaren’t Your Problem? Think Again

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The companies that will thrive in the face of rapid climate change are those that make adapting to it a top priority, says PwC’s Ashok Varma.

Not long ago, I participated in a PwC climate-action roundtable in Mumbai. One of the attendees, an executive from a hospital group, made an observation that grabbed my attention: the seasonal changes being caused by global warming, he said, were affecting the patterns and frequency of vector-borne diseases. His hospitals were increasingly having capacity issues, with sick patients coming in earlier and later in the year than before, straining hospital resources, from beds to diagnostic facilities.

By Ashok Varma via PwC

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PwC na 28º Edição da Conferência das Partes

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Realizada entre os dias 30 de novembro e 12 de dezembro deste ano, a 28ª edição da Conferência das Partes (COP-28) tem como principal objetivo avaliar e trazer insights quanto ao progresso dos países signatários no que diz respeito ao atingimento das metas do Acordo de Paris.

Neste contexto, alguns dos nossos líderes globais vão marcar presença para discutir meios de alavancar ações significativas para frear a crise climática que estamos enfrentando, discutindo temas como: financiamento e expansão da tecnologia climática, transformação da demanda de energia, adaptação climática para proteger a cadeia de valor e a sociedade, estratégias empresariais positivas para a natureza.

O nosso sócio e líder de Environmental, Social e Governance (ESG), Mauricio Colombari, representará a PwC Brasil na COP 28. Além da presença da nossa liderança, a PwC, por meio do seu Plano Net Zero 2030, está compondo o portfólio de projetos apresentados no evento  pela iniciativa Brasil pelo Meio Ambiente, da Amcham e ICC Brasil.

Para acompanhar as discussões da COP 28, fique de olho nas coberturas jornalísticas do evento e siga a página da PwC Climate.

Via PwC Brasil

 

Novas Perspectivas | Instrumentos Financeiros – A Norma Mais Complexa

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Novas Perspectivas

Instrumentos Financeiros (a norma mais complexa e mais controversa)

Adicionar o evento no meu calendário
Wed, Dec 13, 2023 9:00 AM BRT

Programação:

09:00 – 09:20 Abertura/Avisos/Pesquisa
09:20 – 09:50 Apresentação: Bruno Portela (BR)
09:50 – 10:20 Apresentação: Ana Moura (BR)
10:20 – 10:50 Apresentação: Gisele Sterzeck
10:50 – 11:00 Perguntas e Respostas (Q&Q)
11:00 – 11:00 Encerramento

Link de Inscrição

 

Speakers:

United patrocina o Brazil Climate Summit e o SDGs in Brazil, do Pacto Global da ONU

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Companhia que opera voos entre o Brasil e os Estados Unidos, e líder em investimentos para a produção de combustível de aviação sustentável, foi uma das patrocinadoras de eventos brasileiros voltados à sustentabilidade

A United Airlines, uma das maiores companhias aéreas do mundo, que opera voos entre o Brasil e os Estados Unidos, e líder em investimentos para a produção de combustível de aviação sustentável, foi uma das patrocinadoras de dois eventos brasileiros voltados à sustentabilidade: Brazil Climate Summit, que aconteceu nos dias 13 e 14 de setembro, e SDGs in Brazil, promovido pela rede brasileira do Pacto Global da ONU nos dias 14 e 15 de setembro, ambos em Nova York.

Para Jacqueline Conrado, Country Manager da United Airlines no Brasil, o país é muito importante por ser um celeiro de iniciativas sustentáveis e comprometidas com o meio ambiente. Além disso, o setor de aviação tem que apresentar soluções de viagem mais flexíveis e responsivas à experiência do usuário, revolucionando inclusive a forma de fazer negócio. “Hoje, nós fazemos um trabalho muito mais focado em ouvir e perceber os inputs dos clientes como nunca, que não aparecem relacionados só a preço, mas a experiência de viagem, benefícios e, de forma prioritária, à preocupação com o meio ambiente e diversidade e inclusão”, diz.

Por Luiz Fara Monteiro via R7

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The Icla da Silva Foundation Hope Gala

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The Icla da Silva Foundation Hope Gala

Inspiring Hope, Saving Lives

Join our friends from the Icla da Silva Foundation at their 2023 Hope Gala. Enjoy an auction, dinner, and dancing at the prestigious University Club of New York on October 2, 2023 at 6:30 pm.

You will network with leaders of industry while raising funds that remove financial barriers for patients whose only cure is a bone marrow transplant.

Click for ticket and sponsor information

A Era da Reinvenção | Mineração 2023 – 20ª Edição

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A Era da Reinvenção

Mineração 2023 – 20ª Edição

As grandes mineradoras do mundo precisam encontrar uma nova fórmula para o sucesso. A era dos minerais críticos chegou e representa a mudança mais importante que a indústria já viu em décadas. As empresas de mineração não podem mais depender de portfólios e práticas do passado para criar valor nesse novo cenário dinâmico e extremamente competitivo. A era dos minerais críticos deve ser uma era de reinvenção.

As mineradoras precisam lidar com um importante novo player que surgiu no mercado de minerais críticos: o governo. Diante do rápido crescimento da demanda e da concentração da cadeia de suprimentos em níveis preocupantes, os governos formaram alianças, instituíram novas políticas e mobilizaram fundos para garantir o acesso a minerais críticos. Esses movimentos mudarão o negócio de mineração. A entrada de fundos públicos, por exemplo, deve levar as mineradoras a repensar as taxas de retorno que podem esperar da mineração ou dos ativos da cadeia de suprimentos. As mineradoras também precisarão lidar com um risco maior de investir e o aumento da concorrência, uma vez que os governos interferem no cenário com incentivos e intervenções.

Via PwC Brasil

Ler artigo na íntegra.

Brazil National Day

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PRESS STATEMENT

ANTONY J. BLINKEN, SECRETARY OF STATE

SEPTEMBER 7, 2023

On behalf of the United States of America, I congratulate the people of Brazil on the 201st anniversary of its independence this September 7th.

Brazil and the United States proudly stand together as vibrant and diverse democracies. We strongly value our joint commitment to address regional and global challenges, promote social and economic inclusion, and combat climate change to create a just, equitable, and sustainable environment where all our citizens can thrive. Our diaspora communities boast rich cultures and sustain our warm people-to-people ties. Together, we can continue to strengthen our relationship grounded in shared democratic principles that ensure prosperity, security, and freedom for our citizens.

The people of the United States wish all Brazilians a joyous Independence Day.

Via U.S. DEPARTMENT of STATE

See statement here

Cargill chartered ship sets sail to test wind power at sea

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LONDON, Aug 21 (Reuters) – A Cargill chartered dry bulk ship has launched on its first voyage since being fitted with special sails, aiming to study how harnessing wind power can cut emissions and energy usage in the shipping sector, the U.S. commodities group said on Monday.

The maritime industry – which accounts for nearly 3% of global CO2 emissions and is under pressure from investors and environmental groups to accelerate decarbonisation – is exploring a number of different technologies including ammonia and methanol in an effort to move away from dirtier bunker fuel.

Cargill, one of the world’s biggest ship charterers, has been exploring wind assisted propulsion as one cleaner energy option. Wind was a common way of propelling ships before the switch to steam and diesel engines but is now mostly used only for smaller vessels.

By  via Reuters

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‘Brazil can lead the energy transition and Petrobras can be a vector’

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The change in Brazil’s federal government at the beginning of the year brought with it fresh winds and the prospect of formulating a new strategic direction for Petrobras.

After years of being focused on oil exploration and production, the company has turned its attention to activities considered “non-core”, such as refining, natural gas, fertilizers and petrochemicals.

But what is most striking to those who follow the state-run company is its commitment to the issue of energy transition.

After announcing the creation of an executive board focused on this subject, Petrobras announced that it intends to allocate between 6% and 15% of its capex to low-carbon projects between 2024 and 2028.

Under the chairmanship of Jean Paul Prates – who, as a senator, prepared a bill to regulate offshore wind generation in Brazil – the company has begun to step up its efforts to seek partnerships in the renewable sources sector both in and outside the country.

By Bnamericas.

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EVENTO: Novas Perspectivas | SP27195 – Inteligência Artificial (IA) – aplicada à Finanças (Inteligência Artificial (IA) – as oportunidades e os riscos)

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Wed, Aug 23, 2023 9:00 AM BRT

Programação:

09:00 – 09:20 – Abertura/Pesquisa Inicial – Kieran McManus
09:20 – 09:45 – Apresentação – Visão Geral IA – Suzan Barreto
09:45 – 10:10 – Apresentação – IA em seguros – Andressa Sivolella
10:10 – 10:30 – IA na SAP – Marcelo Nacif
10:30 – 11:00 – Q&A

Via PwC.

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Brazil Data Protection Agency (ANPD) Publishes Proposed International Transfer of Personal Data Regulation for Public Consultation

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The Brazil Data Protection Agency (“ANPD”) on August 15, 2023 released a draft of the International Transfer of Personal Data Regulation (“Regulation Draft”) and the standard contractual clauses (“SCCs”) for public comment. Interested parties can submit comments to the provisions of the Regulation between August 15 and September 14, 2023. After the comments period is closed, the ANPD will hold a public hearing to discuss the draft at a date to be determined. Once the Regulation Draft is approved, it will take effect immediately upon publication and companies will have 180 days to incorporate in their existing SCCs agreements the ANPD’s version or implement new agreements with the ANPD SCCs.

By way of background, the ANPD is the agency charged with implementing Brazil’s General Data Protection Law (“LGPD”). The LGPD is Brazil’s all-encompassing data protection law similar to the European Union’s GDPR. The LGPD imposes certain requirements on data processing agents (which include controllers and processors of data) to safeguard the data privacy rights of individuals (data subjects).

The newly issued Regulation Draft provides that the ANPD will determine which jurisdictions have an adequate level of data protection that will allow the free flow of personal data between Brazil and such countries, but the ANPD will prioritize the review of jurisdictions that provide reciprocal protections. It may take some time before we have a list of countries with data protection levels the ANPD deems adequate. In the interim, multinational countries will have to rely on other possible mechanisms to transfer personal data from Brazil.

According to the Regulation Draft, the ANPD may recognize as an equivalent the SCCs of other countries, upon their review and approval. The review procedure may be started by the ANPD or an interested party, but the ANPD will prioritize the review of those SCCs that can be widely used by processing agents performing international transfers of data in similar circumstances. Foreign SCCs recognized by the ANPD as equivalent will be considered a valid alternative.
The Regulation Draft also provides for the approval process of specific contractual clauses and global corporate rules, but it does not include the expected timeline for the review and approval of such.

A more readily available mechanism will be the ANPD SCCs, and the Regulation Draft includes a SCC Draft template, which companies may eventually choose to use, although there will be some challenges if the SCC Draft remains as-is after the public consultation.

The ANPD opted to create only one module of SCCs and it is in many aspects different from the EU SCCs. One provision that immediately catches one’s attention is that regardless of whether the exporter or importer is named as the responsible party for certain measures (as the Designated Party), the controller will ultimately remain responsible for (i) compliance with the obligations under the law and the agreement, (ii) responding to the ANPD, (iii) guaranteeing the data subject’s rights and (iv) the reparation of damage they may suffer. Moreover, when exporter and importer are processors, the controller, which instructs the processor that exports the personal data to the importer outside Brazil (the “Third-Party Controller”), must co-sign the SCCs and be ultimately responsible for the obligations mentioned above.

By Renata Neeser via Littler.

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Amazon set to launch credit card in Brazil with Bradesco

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Amazon.com (AMZN.O) will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco Bradesco SA (BBDC4.SA), the bank’s chief executive said on Friday, as the ecommerce giant pushes to expand its fintech offering.

The launch is set for next Tuesday, according to CEO Octavio de Lazari Junior, adding that the bank will manage the card’s credit risk, and the card will be powered by Mastercard (MA.N).

Reporting by Alberto Alerigi Jr., Additional reporting by Isabel Woodford, Writing by Carolina Pulice, Editing by Sandra Maler via Reuters.

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Novas Perspectivas | Os desafios e as Estratégias para Destravar Valor de Empresas

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Governança de Empresas em Tempos de Crise (Os desafios e as Estratégias para Destravar Valor de Empresas)

Quarta-feira, 9 de agosto, 2023 9:00 AM BRT

Programação:

09:00 – 09:20 – Abertura/Pesquisa Inicial – Kieran McManus
09:20 – 10:00 – Apresentação – Valeska Vieira e Lucas Dourado
10:00 – 10:20 – Entrevista – Leonardo Scarioli
10:20 – 10:50 – Entrevista – Tatiana Guerra
10:50 – 11:00 – Q&A

PALESTRANTES:

 

INSCREVA-SE AQUI

 

Brazil Central Bank Kicks off Rate Cuts More Aggressively than Expected

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Brazil’s central bank kicked off its rate-cutting cycle more aggressively than expected on Wednesday, reducing its benchmark interest rate by 50 basis points and signaling more of the same in the months ahead due to an improving inflation outlook.

The bank’s rate-setting committee Copom cut its Selic policy rate to 13.25%, as just 10 of 46 economists surveyed by Reuters had anticipated. The rest expected a smaller reduction of 25 basis points.

Brazil’s first rate cut in three years came after policymakers held borrowing costs steady since September 2022, following 1,175 basis points of rate hikes to battle inflation, the world’s most aggressive monetary tightening at the time.

Reporting by Peter Frontini Additional reporting by Marcela Ayres and Carolina Pulice Editing by Brad Haynes and Diane Craft via Reuters

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Latham & Watkins Advises Natixis and BNP Paribas on US$250 Million Revolving Financing to Establish BlackRock’s PMGD Platform in Chile

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Members of the firm’s Latin America Practice represented the leading financial entities in a revolving credit facility for BlackRock to acquire, develop, construct, and refinance a portfolio of distributed generation projects that is expected to be the largest in the Chilean market.

Latham advised Natixis and BNP Paribas, as coordinating lead arrangers and lenders, and BNP Paribas, as administrative agent and intercreditor agent, on the transaction, which was structured as a 3-year revolving credit facility. The facility was sized in contemplation of a +400 MW PMGD platform, and was initially used to refinance two previously acquired portfolios of operational assets aggregating 101 MW. The facility is expected to be used to acquire, develop, construct, and refinance other portfolios of both operational and construction projects sponsored by BlackRock.

Via Latham & Watkins

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Lowering Cost While Maintaining an Effective Global Transparency Program

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Utilizing technology for transparency reporting can be a win-win on value and efficiency for any organization

More forward-thinking organizations are taking advantage of innovative technology as transparency requirements continue to grow.

In Part 2 of our “Reimagine Risk and Unlock Opportunities” series, Tiffany Gallagher, Health Industries Risk and Regulatory Leader, PwC US, and Tim Canonico, Principal, Pharmaceutical and Life Sciences, PwC US, analyze the growth of transparency programs and the opportunities that organizations can focus on to succeed.

The goal of global transparency requirements is to encourage the right interactions with Healthcare Professionals and help Pharmaceutical and Life Sciences companies build more trust and transparency in healthcare for society. This landscape is continuing to rapidly evolve as voluntary requirements are being codified into law and other requirements expand to demand more transparency from more organizations.

Via PwC 

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Brazil’s Lula: Amazon Countries Summit to Build Common Policy for First Time

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Brazil President Luiz Inacio Lula da Silva on Wednesday said that next week’s summit of Amazon region nations will seek to draw up a common policy for the first time to protect the rainforest.

“I have high expectations for this summit. For the first time we are going to have a common policy for the Amazon, for preservation, security, borders,” Lula said.

The eight countries of the Amazon Cooperation Treaty Organization (ACTO) will meet Aug. 7-8 in the city of Belem at the mouth of the Amazon river.

The summit will focus on forest conservation and security along the borders, Lula said, adding that private businesses will be asked to help with the reforestation of 30 million hectares of degraded land.
Reporting by Lisandra Paraguassu; Editing by Mark Porter and Aurora Ellis via Reuters.

USCIS Announces Alternative Procedure for Completion of Form I-9 – Permanent Virtual Verification

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In an ever-evolving digital landscape, the United States Citizenship and Immigration Services (USCIS) has given employers a new option for verifying employment eligibility. On July 21, 2023, the USCIS announced a final rule, effective August 1, 2023, that allows employers to have an alternative procedure (also referred to as “permanent virtual verification”), whereby qualifying employers may inspect employees’ Form I-9 documentation virtually as opposed to performing a physical verification, which was required for all new hires until the COVID-19 exception was created in March 2020.  This innovative approach aims to modernize the process of employment eligibility verification while ensuring compliance with immigration laws.

Since the inception of the Form I-9 in 1986, the process of employment eligibility verification had relied on in-person physical documentation examination. The COVID-19 pandemic brought a temporary option, however, which permitted virtual, remote verification for remote employees. The USCIS previously announced that this option was ending on July 31, 2023. Thus, this new alternative procedure begins the next day, August 1.

This alternative virtual verification procedure is available only to qualified employers. Such employers are:

  • In good standing in the E-Verify program;
  • Enrolled in E-Verify for all hiring sites in the United States, for which they seek to use the alternative procedure;
  • Have complied with all E-Verify requirements, including verifying the employment eligibility of newly hired employees in the United States; and
  • Have completed of an E-Verify tutorial/training concerning fraud awareness and anti-discrimination.

To utilize the alternative virtual verification, qualified employers must:

  • Examine remotely the front and back of their employees’ identity and employment authorization documentation or acceptable receipt to determine that the documentation reasonably appears genuine;
  • Conduct a live interaction with the employee presenting the same documentation discussed above to ensure the documentation reasonably appears to be genuine and relate to the employee;
  • Indicate on Form I-9, by completing the corresponding box, that an alternative procedure was used to examine documentation to complete Section 2 or for reverification, as applicable;
  • Retain clear and legible copies (front and back) of all documents presented by employees; and
  • In the event of Immigration & Customs Enforcement (ICE) I-9 audit or relevant federal government agency investigation, make available clear and legible copies of documentation presented by the employee for document examination in connection with the employment eligibility verification process.

Qualified employers have the choice to use the alternative permanent virtual verification procedure or not. Additionally, qualified employers may opt to use this procedure for remote employees only, and not for employees who work onsite or in hybrid capacity. Employers may not discriminate in this decision-making process.

By Angel Valverde, Bruce Buchanan, and Jorge Lopez via Littler

Megatendências

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Cinco mudanças globais que estão redesenhando o mundo em que vivemos

Quase uma década se passou desde que a PwC identificou cinco megatendências, que caracterizamos como profundas e impactantes, de alcance global e efeito de longo prazo. Megatendências capazes de afetar a todos no planeta e reconfigurar nosso mundo por muitos anos. Agora está claro que as megatendências transformaram nosso mundo ainda mais rápido do que prevíamos. Em grande parte, isso se deve à interação entre elas, que turbinou tanto a velocidade quanto a disseminação da mudança.

À medida que foram se desdobrando, as megatendências também evoluíram. O modo como se manifestam hoje mudou em comparação com dez anos atrás.

Reavaliamos as megatendências para entender como elas mudaram, que futuro podem criar em 2030 e quais questões elas apresentarão à humanidade.

Via PwC

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BTG Pactual Remains Undefeated in Brazil Sales

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The domestic bank also leads II’s All-Brazil Trading Team.

The firm has been voted No.1 for the fifth year in a row in Institutional Investor’s annual All-Brazil Sales Team. Based on the votes of 367 buy-side money managers at 239 firms with significant holdings in the country, BTG Pactual extended its reign to half a decade — even as the ranking saw a shakeup further down the leaderboard among domestic and global firms alike.

Itau BBA rose from last year’s fourth place to take second, while last year’s runner-up, Bradesco BBI, dropped one spot to third. Credit Suisse improved one spot to take fourth, while JPMorgan Chase — in a steep rise from 2022’s ninth place — rounded out the top five. In line with other II surveys, votes were weighted based on respondents’ commission spending in the region. An additional AUM-weighted leaderboard was also produced which mirrored the commission-based results.

The volatility in this year’s results was reflective of the tumultuous year investors experienced in Brazil, due to an election cycle in late 2022 and depressed market activity.

“Clients were a bit lost at the start of the year, given the change of government and the outlook ahead. People lost a lot of money betting on a more centric-approach government, and the reality was a bit different,” said Thiago Faganello, head of Brazil sales and partner at BTG Pactual. “But things changed recently and quickly, so tons of opportunities showed up and clients are now trying to stock pick the best names for this new cycle.”

By Alexandra DeLuca via Institutional Investor

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Fitch Eleva Nota de Crédito Soberano do Brasil e Cita Melhora Fiscal

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Upgrade da classificação de risco do país de BB- para BB, com perspectiva estável, deve acelerar ingresso de capital estrangeiro no mercado doméstico.

Em relatório, a agência cita uma melhora do desempenho macroeconômico e fiscal “em meio a sucessivos choques nos últimos anos, políticas proativas e reformas”. A expectativa da Fitch é de que o novo governo trabalhará para melhorias adicionais.

A notícia pode afetar os ativos brasileiros nesta quarta, incluindo as ações do Ibovespa. Nos minutos após a divulgação do relatório, os juros futuros estenderam o movimento de baixa dos últimos dias. As taxas mais longas tinham as quedas mais pronunciadas. O dólar operava estável.

Apesar da elevação, a nota “BB” ainda está na categoria classificada como “grau especulativo”, abaixo do selo conhecido como “investment grade”, que o Brasil perdeu da Fitch em dezembro de 2015.

Por Mariana d’Ávila via Bloomberg Línea

Leia o artigo na íntegra

UBS Names New Leadership Team for Brazil, Latin America

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UBS Group AG named Sylvia Coutinho Brazil country head and the regional leader for Latin America businesses as the Swiss bank integrates teams from its acquisition of Credit Suisse Group AG.

Marcello Chilov, Credit Suisse’s former chief executive officer in Brazil and head of wealth management for Latin America, will run UBS global wealth management in Latin America, according to an internal memo seen by Bloomberg News. The changes take effect July 17.

Coutinho has been at UBS for more than 10 years, and was UBS’s Brazil country head prior to the merger. She was also head of wealth management for Latin America. In her new role, she will focus on leading integration efforts as well as overseeing regulatory, governance and collaboration between businesses for the region. She will report to Naureen Hassan, president of UBS Americas.

By Cristiane Lucchesi via Yahoo!Finance

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Brazil Data Protection Agency (ANPD) Issues its First Sanction Against a Non-Compliant Company

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On July 6, 2023, the first sanction imposed by the Brazilian Data Protection Agency (“ANPD”) against a company (controller) in Brazil was published in the official gazette. The ANPD is the agency charged with enforcing Brazil’s General Data Protection Law (“LGPD”).

The publication does not provide the details about the results of the investigation conducted by the ANPD against a company, but the sanctions provide a glimpse of the underlying circumstances.

The sanctions included:

  1. A Warning, without the imposition of corrective measures, for violation of article 41 of the LGPD (appointment of a Data privacy Officer (DPO);
  2. A “Simple Fine” of R$ 7,200 (~$1,480 USD) for violation of article 7 of the LGPD (legal basis for processing personal data);
  3. A Simple Fine of R$7,200 (~$1,480 USD) for violation of article 5 of the Auditing Regulations (obligation of controller/processor to cooperate with the ANPD).

By Renata Neeser via Littler

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Wilson, do Morgan Stanley, alerta ao que será crucial olhar em balanços do 2º tri

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A nova temporada de balanços corporativos referentes ao segundo trimestre não deve impulsionar ganhos adicionais no mercado acionário dos Estados Unidos. A avaliação de Michael Wilson, estrategista-chefe para ações e CIO (executivo-chefe de investimentos) do Morgan Stanley (MS) e considerado uma das vozes mais pessimistas de Wall Street, ampliando o consenso em torno dessa percepção já evocada por outros de seus pares.

Segundo o estrategista, desta vez os guidances (projeções) a serem anunciados pelas empresas serão mais importantes do que o normal para o movimento das bolsas, tendo em vista os elevados valuations das ações, as taxas de juros mais altas da liquidez cada vez menor.

“Com o início da temporada de balanços corporativos do segundo trimestre nesta semana, resultados melhores do que o previsto provavelmente não serão mais ‘suficientes’ para disparar novos ganhos em Wall Street”, escreveu em relatório nesta segunda-feira (10).

By Sagarika Jaisinghani via Bloomberg Línea

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Global public debt hits record $92 trillion – UN report

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Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, a United Nations report said.

Domestic and external debt worldwide has increased more than five times in the last two decades, outstripping the rate of economic growth, with gross domestic product only tripling since 2002, according to the Wednesday report, released in the run up to a G20 finance ministers and central bank governors’ meeting July 14-18.

Developing countries owe almost 30% of the global public debt, of which 70% is represented by China, India and Brazil. Fifty-nine developing countries face a debt-to-GDP ratio above 60% – a threshold indicating high levels of debt.

By Jorgelina Do Rosario via Reuters

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PwC – Eventos de quarta-feira, 12 de julho de 2023

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Novas Perspectivas

Padrão Mundial – Relatórios de Sustentabilidade

Quarta-feira, 12 de julho às 9h00  (Horário de Brasília)

Programação:

09:00 – 09:20 Abertura/Pesquisa Incial
09:20 – 10:00 Palestrante: Melissa Schleich
10:00 –

10:20 Palestrante: Mauricio Colombari
10:20 – 10:40 Palestrante: José Vital
10:40 – 11:00 Perguntas e Respostas (Q&A)
11:00 – 11:15 Prova de conhecimento/Encerramento

REGISTER HERE

 

 

 

______________________________________________

AgTech Garage

Quarta-feira, 12 de julho às 15h00 – (Evento presencial)

Dia 1: Moon Hub

Sede Moon Hub by AgTech Garage, Praça do Conhecimento, 459 — Parque Tecnológico de Uberaba — Univerdecidade, em Uberaba/MG.

Palestrante: José Tomé (sócio, PwC)

 

15h — Abertura “Por dentro da Gestão Tripartite”

(AgTech Garage, Ubyfol e Prefeitura de Uberaba)

15h30 — Bem-vindos ao Moon Hub by AgTech Garage

16h10 — Painel “Conhecendo a Comunidade Uberabense”

(Agentes locais e clientes convidados)

17h10 — Tour pelo Moon Hub e Happy Hour

 

REGISTER HERE

 

_______________________________________________

PwC Debate Reforma Tributária: analisar, influenciar e planejar

Quarta-feira, 12 de julho das 17h00 às 18h15 (Horário de Brasília)

 

Palestrantes:
Romero Tavares
Romero Tavares, Sócio de Consultoria Tributária da PwC Brasil
.
.
Cristiano Noronha
Cristiano Noronha, Sócio e vice-presidente da Arko Advice

M&A Brasil – Janeiro – Junho 2023

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661 transações anunciadas no Brasil de Janeiro a Junho de 2023, com queda de 11,8% em relação ao mesmo período do ano anterior, quando foram registradas 750 transações. Análises mensais e de LTM (LTM refletindo queda de 5,8%) demonstram curva em recuperação e perspectiva de manutenção do mesmo nível de atividade (1.600 transações) registrado no ano de 2022.

Setor de Tecnologia lidera volume de operações com 17,5% das transações, seguido de Instituições e Serviços Financeiros com 14,8%. Setor de Saúde representou 6,1%, seguido pelos Setores de Produtos de Consumo, Energia e Logística, que representaram, cada um, 4,5% das transações anunciadas. Agronegócios vem aumentando sua relevância, passando de históricos 1,5% para 3,8% das operações anunciadas. Setor de Varejo, enfrentando desafios e que já se destacou em relevância de operações, representou 4,8% das operações.

By

Alexandre Pierantoni
Managing Director
Head of Brazil Corporate Finance
São Paulo
+55 11 3192 8103
+55 11 9 5500 8151
alexandre.pierantoni@kroll.com

And

José Thompson
Director
Corporate Finance
São Paulo
+55 11 3192 8108
jose.thompson@kroll.com

Via Kroll

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Habilidades em Primeiro Lugar

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Uma abordagem que priorize as habilidades poderia ajudar 100 milhões de pessoas em todo o mundo a se integrar à força de trabalho ou conseguir empregos melhores.

A PwC está colaborando com o Fórum Econômico Mundial para ajudar a impulsionar a transição para mercados de trabalho que priorizem as habilidades.

Esse movimento poderia abrir o mercado de trabalho para 100 milhões de pessoas em todo o mundo, trazendo benefícios não apenas para empresas e indivíduos, mas também para a sociedade em geral e para a economia.

Nosso relatório conjunto, “Habilidades em primeiro lugar: um framework para ação”, apresenta um framework consistente sobre o assunto para CEOs e governos e demonstra como algumas organizações já estão se beneficiando de uma cultura que prioriza as habilidades.

Via PwC

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Brazilian Law Firm Feijó Lopes Advogados Celebrates 17 Years and Announces the Launch of its New York Office

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Initiative consolidates a relationship of almost two decades with the foreign markets. Feijó Lopes Advogados, one of Brazil’s premier law firms is to open a physical unit in New York.

The initiative is part of the expansion plan to expand the existing relationship for over 15 years with the US and the international market, in addition to continuing to provide legal advice to foreigners who want to invest in Brazil, and also Brazilians who want to expand their businesses internationally.

“This expansion reinforces one of our most important ‘non-negotiable principles’, which is to be present in the key international financial and business centers that have relationship with Brazil. With the New York office, we want to be physically closer to our clients, banks, funds, investors and partners, foreign and Brazilian, and global companies that use New York – the main world financial center – as a hub for business”, highlights the managing partner of Feijó Lopes Advogados, Lúcio Feijó Lopes.

“Generating results for our clients is what drives us, whether it be legal assistance in strategic commercial negotiation, venture capital, M&A, fund structuring, debt offerings, tax and labor issues, or conflict resolution. We are faithful to our purpose of being the law firm of choice for our clients to solve their greatest challenges”, concludes Lopes.

The new office should be located at Park Avenue, midtown, New York, an area where the main banks, fund managers and headquarters of global companies and with business in Brazil are located.

Learn more.

Brazil Gears Up To Become Fourth Largest Oil Producer

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For nearly two decades, South America’s largest economy Brazil has been reaping a tremendous economic windfall from a massive oil boom that kicked off with the first offshore ultra deep-water pre-salt discovery in 2006. The boom nearly collapsed as corruption, mismanagement and malfeasance saw national oil company Petrobras laden with so much debt it was almost forced to declare bankruptcy. Since then, industry reforms and rationalization coupled with higher oil prices had reinvigorated the massive fossil fuel boom underway in Brazil, although it nearly faltered for a brief moment when left-wing President Luiz Inácio Lula da Silva assumed power. There are indications that Brazil, regardless of the naysayers, is on track to become the world’s fourth-largest oil producer, which will be a tremendous boon for the economy.

Data from Brazil’s hydrocarbon regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP – Portuguese initials), shows that for April 2023, the country pumped an average of 3.1 million barrels of oil per day. That number is almost 1% higher than a month earlier and 5% greater year over year. Total hydrocarbon output for April 2023 amounted to just over 4 million barrels of oil equivalent per day which was 1.1% higher month over month and 4.4% greater than a year earlier. Those numbers represent a modest recovery after a March 2023 slump because of rising industry concerns that Lula will take a more interventionist approach to Brazil’s oil industry. That growth indicates Brazil possesses the potential to become the world’s largest oil producer, especially when it is anticipated the country 2023 will add 300,000 barrels per day, taking production to 3.4 million barrels daily by the end of the year.

By Matthew Smith via Yahoo!Finance

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Florida Becomes New Battleground for Brazilian Banks Chasing High-End Clients

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The dispute among Brazil’s largest banks for high-income clients and the private segment has crossed borders and is becoming fierce in the US state of Florida as, in the last few months, the offensive has escalated to hiring new executives, opening new operations and aggressive investment in marketing.

The background is the growing presence of high-income Brazilians who visit. invest in or live in the United States, mainly in the so-called Sunshine State.

The services offered by Brazilian banks in the state include real estate financing, investments, international transfers, and even help with immigration planning.

By Sérgio Ripardo via Bloomberg Línea

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Equinor aims to boost Brazil oil output over next decade

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Equinor (EQNR.OL) plans to expand its oil production in Brazil more than fivefold over the next decade, while also eyeing green energy projects especially in offshore wind power, an executive for the Norwegian energy giant said on Tuesday.

The company aims to boost output to more than 500,000 barrels of oil equivalent per day (boed) by 2033 from current output of nearly 90,000 boed, Equinor Brazil vice president Lars Jetlund Hansen said at an energy event in Rio de Janeiro.

“We have great momentum to grow more in Brazil in both oil and gas and renewables,” Jetlund Hansen said.

Via Reuters

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Appetite grows for mergers and acquisitions in Latin America: study

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Latin America is increasingly seen as an attractive market for mergers and acquisitions (M&A), with the ongoing U.S.-China trade spat helping to whet investor appetite for opportunities in the region, a KPMG survey of executives showed on Monday.

The survey of nearly 400 executives across 14 countries globally showed technology, financial services and energy sectors leading the way and Mexico overtaking regional heavyweight Brazil for the top spot in M&A activity.

“Opportunities already outweigh challenges,” said Gerardo Rojas, head of KPMG’s Advisory Practice in Mexico and Central America. “The risks investors see in Latin America are outweighed by the desire to get out of Asia, particularly China, due to their trade war with the United States.”

By Aida Pelaez-fernandez via Reuters

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JPMorgan Eleva Recomendação para Petrobras Devido à Redução do Risco

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Analistas do JPMorgan elevaram a recomendação para as ações da Petrobras (PETR4;PETR3) de “neutra” para “overweight”, citando redução na percepção de risco, bem como dividendos alinhados a pares globais, de acordo com relatório enviado a clientes nesta segunda-feira (12).

Eles também elevaram os preços-alvo dos papéis PN (preferenciais) e ON (ordinários), negociados na B3, de R$ 30,50 para R$ 41; e dos ADRs, recibo de ações negociados nos Estados Unidos, de US$ 11,50 para US$ 15,50.

Na última sexta-feira (9), as preferenciais da Petrobras fecharam a 30,28 reais e as ordinárias, a 33,75 reais. Nos EUA, o ADR das ONs encerrou a 13,76 dólares e o das PNs a 12,44 dólares.

By Reuters via Forbes Brasil

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Brazil economists cut long-term inflation expectations, unchanged for months

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Brazilian economists have reduced their long-term inflation expectations, putting an end to months of unchanged projections that the central bank had cited as a cause for concern.

According to the median forecast of a weekly central bank survey on Monday, 2025 inflation projections now stand at 3.9%, down from the previous estimate of 4.0% calculated since March 24. The expectation for 2026 has also decreased to 3.88% from the previous 4.0% forecast since March 17.

The central bank has consistently expressed concern about increased inflation expectations for long-term horizons in its justifications for the need to keep the benchmark interest rate at a 13.75% cycle-high, which has remained steady since September despite cooling inflation.

Via Reuters

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EU chief embarks on Latin America tour to boost ‘neglected’ ties

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European Commission President Ursula von der Leyen starts a four-nation trip to Latin American on Monday to bolster political and trade ties that the European Union admits it has sometimes neglected.

Since Russia’s invasion of Ukraine, the European Union has cast around for “like-minded” partners to provide other sources of trade and critical minerals required for its green transition and help reduce its reliance on China.

Von der Leyen will meet the presidents of Brazil, Argentina, Chile and Mexico on consecutive days. Her trip follows that of German Chancellor Olaf Scholz earlier this year and comes a week before Brazilian President Luiz Inacio Lula da Silva travels to Paris.

By Philip Blenkinsop via Reuters

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Brazil’s May inflation seen at eight-month low, opening window for rate cuts

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Brazilian inflation probably declined to an eight-month low in May versus April, opening a much anticipated window for interest rate cuts in the second-half of the year, a Reuters poll of economists predicted.

On a 12-month basis, consumer price data due Wednesday are expected to show the smallest rise in more than two years, adding to evidence for the potential start of an easing cycle from a reticent central bank.

The IPCA inflation index likely increased 0.33% on the month in May, its softest reading since September 2022, and 4.04% in the 12-month gauge, the lowest since October 2020, according to median estimates of 20 analysts polled from May 31 to June 5.

By Gabriel Burin via Reuters

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Por que o agro puxa PIB do Brasil

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Vamos falar sobre a participação do agro no PIB (Produto Interno Bruto). O PIB do Brasil registrou alta de 1,9%, o crescimento foi alavancado pelo PIB do agro, que foi de 21,6%, o maior dos últimos 26 anos.

O crescimento no PIB calculado pelo IBGE surpreendeu a todos e ficou acima das expectativas, entretanto, deixa uma falsa sensação de que a economia no país vai bem, nada mais distante da realidade, indústria e construção apresentaram crescimento negativo, serviços cresceu 0,6%, quem puxou mesmo o PIB para o positivo foi o Agro.

Este resultado extraordinário foi alcançado pois produzimos neste ano a maior safra da nossa história com 305 milhões de toneladas, a produção de soja teve um aumento de 25% e milho de 10%, mas nem tudo são flores, para o produtor, esta foi a safra mais cara de toda nossa história. Este bom resultado deve aparecer ainda nos próximos trimestres, independente da queda abrupta que vem sofrendo o preço das commodities.

By Helen Jacintho via Forbes Brasil

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Bradesco lança E-agro, marketplace para operar no setor do agronegócio

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Banco com cerca de R$ 100 bilhões aplicados no agro entra em mais uma modalidade de comércio de produtos, um mercado estimado em R$ 185,7 bilhões para 2023

O Bradesco anunciou nesta segunda-feira (5) o lançamento do E-agro, marketplace para operar no setor do agronegócio. A plataforma é destinada à oferta de produtos e serviços financeiros e não financeiros para o produtor rural, clientes e não clientes da instituição financeira.

“O lançamento do E-agro é muito representativo. Crescemos concedendo crédito aos agricultores e temos hoje um universo potencial de mais de dois milhões de produtores rurais no Bradesco, que integram a cadeia do setor brasileiro que mais cresce”, afirma José Ramos Rocha Neto, vice-presidente do Bradesco. Com cerca de R$ 100 bilhões aplicados no setor, o Bradesco é o maior banco privado na concessão de crédito ao agronegócio. Em 2022, o Bradesco teve lucro líquido contábil de R$ 20,73 bilhões e conta com uma base da ordem de 77,1 milhões de clientes.

By Redação via Forbes

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Yellen says U.S. inflation easing as some sectors slow, labor market strong

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The U.S. economy is strong amid robust consumer spending but some areas are slowing down, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding that she expects continued progress in bringing inflation down over the next two years with a strong labor market.

Yellen, in a CNBC interview, also said that while banks may struggle with commercial real estate and face some consolidation, there is ample liquidity in the system and banks should generally be able to withstand any strain.

Yellen said that inflation can subside while maintaining a strong labor market, with unemployment in the 4% range, up slightly from the 3.7% reading in May.

By Susan Heavey and David Lawder via Reuters

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Brazil’s Itau Unibanco in talks with Banco Macro to sell Argentina ops

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Brazil’s largest private lender Itau Unibanco is in talks with Banco Macro SA to sell its operations in Argentina, the lender said on Tuesday, a move that comes as the neighboring country grapples with a severe economic crisis.

Itau disclosed the “preliminary talks” in a securities filing, touting Macro as “one of the main private banks in Argentina with an extensive network of branches,” but noted that no binding agreement had been reached so far.

Itau’s operations in Argentina are moderately sized in terms of personnel and branches, but its loan portfolio in the country is relatively small when compared with other markets such as Chile and Colombia.

By Reuters Staff  via Reuters

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Brazil posts record trade surplus in May on surging exports

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Brazil posted a $11.4 billion trade surplus in May, marking a record for any given month since the data series began in 1989, official data showed on Thursday.

The figure also came above the $9 billion surplus expected in a Reuters poll with economists, backed by a surge in the volume of exports that more than offset price drops.

According to the Ministry of Development, Industry, Trade and Services, Brazilian exports totaled $33.1 billion in May, up 11.6% from the same month in 2022, to the highest value ever recorded in the entire series.

Via Reuters

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Delta Resumes Twice Daily Flights From Atlanta To Brazil

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Great news is here for Atlanta residents! Delta Air Lines has announced the reinstatement of its twice-daily service between Atlanta and São Paulo, effective from May 25. Previously discontinued, this route will now be served by a combination of Airbus A330-300 and Boeing 767-300(ER) aircraft.

Delta temporarily reduced the frequency of flights between the two cities during the low season in late March. The resumption of this service aims to offer travelers seeking connections between the United States and Brazil enhanced travel options.

In addition, New Yorkers will soon be able to fly nonstop to another Brazilian city, Rio de Janeiro, when Delta begins seasonal service between New York-JFK and Rio Galeo Airport (GIG) in Brazil on December 16. The new route will run daily on Delta’s Boeing 767-300 aircraft with Delta One, Delta Premium Select, Delta Comfort+, and Main Cabin service. The route is the third that Delta and LATAM have announced since the Joint Venture was approved in September 2022.

By Brunno Braga via Yahoo!news

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Brazil’s Petrobras revises strategic plan to boost low-carbon investments

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Brazilian state-run oil company Petrobras (PETR4.SA) said on Thursday its board of directors had approved a revision of part of its 2023-2028 strategic plan in a bid to increase investments in low-carbon initiatives.

Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that under the new plan it would target 6% to 15% of its total capital expenditure (CAPEX) for low carbon, up from 6% in the 2023-2027 strategic plan.

The move, Petrobras said, is aimed at preparing the company for the energy transition, “reconciling the current focus on oil and gas with the search for diversification of our portfolio in low carbon businesses.”

Via Reuters

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Brazil’s economy likely surged back in Q1 powered by record crops

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Brazil’s economy likely surged back to growth in the first quarter of the year, powered by record-breaking crops and solid crude oil output that more than offset the drag of subdued manufacturing activity, a Reuters poll of economists showed.

Strong exports by commodities-producing sectors were seen adding to resilient private consumption in lifting gross domestic product (GDP), despite the negative effects of high interest rates and a worrying rise in government debt.

GDP is forecast to increase 1.3% in January-March over the fourth quarter, after a 0.2% contraction in the last three months of 2022, according to the median estimate of 18 forecasts taken between May 24 and 30. The data is due on Thursday.

By Gabriel Burin via Reuters

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Former Minister Paulo Guedes to launch green Brazil fund

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Former Brazilian Economy Minister Paulo Guedes is preparing to launch a “green” investment fund along with prominent bankers and other members of former President Jair Bolsonaro’s government, two people familiar with the matter told Reuters.

The fund is expected to launch in July, the sources said, aiming to attract domestic and international investments in Brazil’s energy transition, natural resource preservation and industries tied to renewable energy sources.

The new government of President Luiz Inacio Lula da Silva has prioritized green economic development and stewardship of the Amazon rainforest after Bolsonaro faced global criticism for overseeing a surge in deforestation and illegal mining.

By Marcela Ayres via Reuters

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As melhores empresas para profissionais LGBTQIA+

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No mês do orgulho LGBTI+, levantamento HRC Equidade BR certifica 57 empresas com base em políticas, compromissos públicos e ações para a inclusão

Às vésperas de junho, mês do orgulho LGBTQIA+, a HRC (Human Rights Campaign), em parceria com o Instituto Mais Diversidade e o Fórum de Empresas e Direitos LGBTI+, divulga a segunda edição do ranking Equidade BR, com as melhores empresas para profissionais LGBTQIA+ trabalharem no Brasil.

Na primeira edição, 38 empresas foram reconhecidas entre as 60 participantes. Nesta segunda edição, houve um aumento de pouco mais de 50% na participação, com 91 empresas participantes e 57 reconhecidas, que obtiveram a pontuação máxima da pesquisa.

Entre as certificadas este ano, 18% são do setor de tecnologia, 16%, de consultoria, gestão e serviços e 11%, financeiro.

By Redação via Forbes Brasil

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Brazilian banks urged to crack down on meatpackers tied to deforestation

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Brazilian banks are being asked to meet minimum information requirements to help combat illegal deforestation when offering credit lines to meat processors, the Brazilian Federation of Banks (Febraban) said on Tuesday.

The group said the move is tied to rules approved by its self-regulation council to foster “sustainable finance” in Brazil, the world’s biggest beef exporter.

Banks that agree to participate in the scheme will be required to ask meat processors in the legal Amazon and Maranhao regions to implement a traceability and monitoring system that will allow them to demonstrate by December 2025 that their cattle purchases don’t come from areas of illegal deforestation.

By Paula Arend Laier via Reuters

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Brazil says UN confirmed Amazonian city of Belem as COP30 host

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Brazil’s government said on Friday the United Nations has confirmed the Amazonian city of Belem as the host of the COP30 climate change summit in November 2025.

President Luiz Inacio Lula da Silva made the announcement in a video alongside his foreign relations minister and the governor of Para state, where Belem is located.

“I’m convinced it is going to be a great event,” said Lula, who had previously pledged to try to bring the U.N. climate talks to a city in the world’s largest rainforest.

Via Reuters

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US Embassy in Brazil releases instructional video on the ‘importance of using neutral pronouns’

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The U.S. Embassy in Brasília, Brazil, published a video teaching the “importance” of using gender-neutral pronouns, including “xe/xem” and “ze/hir.”

The video was posted to the Embassy’s social media on Wednesday for the International Day against Homophobia, Transphobia and Biphobia. The video description said there is a “range of gender identities beyond male and female” and that it is not possible to know a person’s gender based on appearance.

The speaker in the video, who said his name is Mark, noted that his pronouns are he and him before explaining why people should not assume someone else’s pronouns.

By Landon Mion via Fox News

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Brazil’s government establishes committee for sustainable sovereign bond issuance

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Brazil’s government created on Wednesday an interministerial committee to develop a framework for issuing “sustainable sovereign bonds” aiming to launch a bond later this year.

These new bonds will be “instruments of public debt backed by federal government budget allocations for sustainable development,” including actions and projects related to environmental and social themes, according to the Finance Ministry.

While there is no specific date for the framework’s release, the ministry expects the process to be completed in time for sustainable bonds to be issued later this year, it said in a statement.

Via Reuters

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‘Sounding the alarm’: World on track to breach a critical warming threshold in the next five years

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The world is now likely to breach a key climate threshold for the first time within the next five years, according to the World Meteorological Organization, due to a combination of heat-trapping pollution and a looming El Niño.

Global temperatures have soared in recent years as the world continues to burn planet-warming fossil fuels like coal, oil and gas. And that trend shows no sign of slowing. In its annual climate update, the WMO said that between 2023 and 2027, there is now a 66% chance that the planet’s temperature will climb above 1.5 degrees Celsius of warming above pre-industrial levels for at least one year.

As temperatures surge, there is also a 98% likelihood that at least one of the next five years – and the five-year period as a whole – will be the warmest on record for the planet, the WMO reported.

By Laura Paddison and Jessie Gretener via CNN

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Brazil retail sales smash market forecasts in March

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Brazil’s retail sales smashed market estimates in March, growing more than the highest forecast in a Reuters poll of economists, in a positive reading for the country’s broader first-quarter economic performance despite high interest rates.

Retail sales rose 0.8% in the month compared with February, data from statistics agency IBGE showed on Wednesday, largely beating consensus of a 0.8% drop in a Reuters poll of 13 economists, which had a 0.2% gain as maximum expectation.

Via Reuters

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New fuel policy in Brazil to ease prices at the pump, space out adjustments

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Brazilian state oil company Petrobras approved a new fuel pricing policy for gasoline and diesel that will sharply lower costs for motorists, it announced on Tuesday, ditching a more market-based policy in favor of greater flexibility to smooth price swings.

President Luiz Inacio Lula da Silva celebrated the new policy for Brazil’s millions of motorists in a post on social media later on Tuesday, declaring it “a victory for the people.”

The new pricing system scraps a so-called fuel import parity policy that more closely aligned prices at the pump with the oil market and exchange rates. Lula, as the leftist leader is known, had promised to change that to make fuel cheaper.

By Gabriel Araujo and Marta Nogueira via Reuters

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IMF backs Brazil’s fiscal reform, ‘ambitious’ green agenda

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The International Monetary Fund on Tuesday said it “strongly supports” Brazil’s efforts to improve the country’s fiscal position, while also commending the country’s “ambitious agenda” to have a sustainable, inclusive, and green economy.

“Enhancing Brazil’s fiscal framework, broadening the tax base, and tackling spending rigidities would support sustainability and credibility,” the leader of an annual mission to the country, Ana Corbacho, said in a statement after the Fund’s visit.

Brazil’s finance ministry in late March unveiled new fiscal rules to balance limits on spending growth under the administration of President Luiz Inacio Lula da Silva, who has vowed to boost social programs and public investment.

By Brendan O’Boyle and Carolina Pulice Via Reuters

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As melhores universidades brasileiras, segundo ranking mundial

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Brasil tem 54 instituições de ensino superior entre as 2 mil mais bem classificadas pelo Center for World University Rankings; USP, Unicamp e UFRJ são as melhores colocadas

Entre as 54 universidades brasileiras classificadas na lista das 2 mil melhores do mundo pelo CWUR (Center for World University Rankings), 29 tiveram queda em suas posições em relação ao ranking do ano passado. A Universidade de São Paulo lidera como a melhor universidade da América Latina, mesmo tendo caído da 103ª posição para a 109ª neste ano. Assim, nenhuma instituição de ensino superior brasileira está entre as 100 melhores do mundo.

O CWUR, que avaliou mais de 20 mil universidades ao redor do mundo, também ranqueia as instituições de acordo com educação, empregabilidade, docência e pesquisa. As universidades brasileiras tiveram maior queda no âmbito de pesquisa, principalmente pelos cortes de financiamento de bolsas de pesquisa e do orçamento das instituições. Nesse quesito, por exemplo, a UFRJ (Universidade Federal do Rio de Janeiro) caiu 14 posições, enquanto a Unesp (Universidade Estadual Paulista) teve queda de 5.

By Gabriela Guido via Forbes Brasil

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BTG Pactual announces the acquisition of a stake in Systemica, a developer of carbon projects and environmental assets for reducing GHG emissions

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The partnership enables the bank to expand its operations in the carbon credit market with solutions for both the domestic and global markets

BTG Pactual (BPAC11), the largest investment bank in Latin America, signed an investment agreement for acquiring a minority stake in Systemica, a company that structures, develops, and implements projects for reducing greenhouse gas (GHG) emissions, in addition to trading the environmental assets generated. The operation aims to contribute to a transitional economy and join efforts for advancing the carbon credit market, contributing to the integrity, quality and international reputation of carbon projects in Brazil and Latin America.

Demand for a low-carbon economy has been growing internationally, with financial institutions and large companies committing to reduce emissions and structuring strategies for decarbonizing their operations. From 2020 to the beginning of 2023, the number of companies committed to reducing emissions formalized under Science Based Targets (SBTi) — which shows how actions are based on science for combatting climate change — grew more than 10 times, which materializes in terms of ever-increasing volumes of retired carbon credits, according to Trove Research.

Via Yahoo Finance

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What the NHS is learning from Brazil

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Knocking on doors to check on people’s health and catch problems before they escalate is common practice across Brazil. But could that approach work in the UK?

Comfort and Nahima are on their regular beat around Churchill Gardens, a council estate in the Pimlico neighbourhood of London.

Dressed in blue fleeces with logos, they steadily climb the concrete staircases of each block on the estate.

By Naomi Grimley via BBC News

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Brazil’s Itau Unibanco first-quarter net profit up 14.6%

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Itau Unibanco Holding SA (ITUB4.SA), Brazil’s biggest private bank, reported first-quarter recurring net profit of 8.435 billion reais ($1.7 billion) on Monday, a 14.6% year-on-year rise despite higher provisions for bad loans.

The recurring net income figure, which excludes one-off items, was broadly in line with expectations of 8.42 billion reais in a Refinitiv poll of analysts.

Itau said in a securities filing the result was driven by the “positive effect” of a higher loan portfolio, which coupled with a “gradual change in the mix to loans with better spreads” led to a 20% rise in its financial margin with clients.

Via Reuters

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Entenda o PL da inteligência artificial e como ele impacta as empresas

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Popularizada pelo ChatGPT, da OpenAI, a inteligência artificial tornou-se o principal tema de tecnologia dos últimos meses. Na quarta-feira, 3, o presidente do Senado, Rodrigo Pacheco apresentou um projeto de lei que regulamenta o uso da IA. De acordo com Márcio Chaves, sócio do escritório Almeida Advogados, o PL materializa a tendência mundial de regulamentação do tema inteligência artificial, “de inegável necessidade diante da ausência de regras que ajudem a mitigar os riscos tanto com o atual status da tecnologia, mas principalmente de um futuro a curto e médio prazo que temos com os avanços tecnológicos que são exponenciais.”

Ainda de acordo com Márcio, o texto tem como principal ponto positivo o estabelecimento de obrigações, que na legislação de hoje ainda são vistos mais como recomendações e boas práticas. “De seguir princípios para o uso seguro e ético da inteligência artificial, avaliando e documentando previamente ao desenvolvimento e ao uso da inteligência artificial, de agir de forma preventiva, pois o remediar pode não ser possível ou suficiente. Mas carece de adequações, como por exemplo a inclusão dentre as hipóteses de limitação da responsabilidade civil por danos causados, para desenvolvedores e utilizadores de inteligência artificial que seguirem as obrigações trazidas pela regulamentação, pois sua ausência poderá desestimular o cumprimento da lei”, conclui Marcio.

By Luiz Gustavo Pacete via Forbes Brasil

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Santander espera fechar R$ 2 bilhões em negócios na Agrishow

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Banco vê queda de juros ainda tímida, mas aposta em modelo de crédito com taxas pré-fixadas e consórcio

O banco Santander espera fechar negócios da ordem de R$ 2 bilhões durante a Agrishow, que acontece em Ribeirão Preto (SP), a maior feira de tecnologia para o agro do país. No ano passado, o montante foi de US$ 1,4 bilhão. “A estratégia é trazer o produtor para a tomada de crédito antes dele ir às compras”, disse o economista Ricardo França, superintendente regional de agronegócios do Santander. Em março, a carteira do banco para o setor era de R$ 40 bilhões, com meta de alcançar R$ 50 bilhões até o fim do ano.

De olho na queda da taxa de juros, ainda que tímida para o segundo semestre do ano, de acordo com França, o principal dos negócios fechados na Agrishow será garantido por uma linha de taxa pós-fixada, espelhada ao que pratica o BNDES (Banco Nacional de Desenvolvimento Econômico e Social).

By Vera Ondei via Forbes Brasil

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Transição energética no Brasil

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Os avanços da Conferência das Nações Unidas sobre as Mudanças Climáticas de 2022 (COP27) ainda não são suficientes para que o mundo consiga limitar o aquecimento global a apenas 1,5 °C acima dos níveis pré-industriais. Diante do grande desafio de coordenação que a agenda climática impõe, é preciso ir além e pensar nas questões relacionadas à energia em quatro dimensões (4Ds): descarbonização, descentralização, digitalização e disrupção da demanda.

Essas tendências se aceleram e ganham mais relevância a cada ano, e o Brasil tem vantagens competitivas para figurar como protagonista. No processo de transição energética, o país pode contribuir de diferentes formas, gerando valor global e localmente, se souber investir em tecnologias e infraestrutura para atender a demandas internas e internacionais.

Via PwC

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O que é importante para os CFOs em 2023

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Seis tópicos para a agenda do líder financeiro

Apesar da imprevisibilidade dos últimos anos, pelo menos algo permaneceu inalterado: executivos, consumidores e funcionários concordam que a confiança nos negócios é imperativa. Para a maioria das empresas, no entanto, conseguir estabelecer essa relação não é tão fácil. Nossa Trust Survey 2023 revelou que lacunas de confiança, principalmente com os consumidores, continuam a atormentar muitas empresas.

Via PwC

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Embrapa devolveu à sociedade R$ 34,70 para cada R$ 1 investido em 2022

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Principal instituição pública de pesquisa de alimentos, fibras e bioenergia chegou a lucro social de R$ 125,9 bilhões no ano passado

Em 2022, a Embrapa (Empresa Brasileira de Pesquisa Agropecuária), apresentou um lucro social de R$ 125,88 bilhões, gerados a partir do impacto econômico no setor agropecuário de 172 tecnologias e 110 cultivares desenvolvidas pelas pesquisas. Para cada R$ 1 aplicado na Embrapa, no ano passado, foram devolvidos R$ 34,70 para a sociedade. Em 2021, para cada R$ 1 aplicado na instituição, foram devolvidos R$ 23,38.

Nesta quarta-feira (26), ela, a mais importante instituição pública na área de produção de alimentos, fibras e energia, completa 50 anos. O Brasil, provavelmente, não teria chegado até aqui como um dos maiores produtores de alimentos do mundo sem a Embrapa. Esse ganho é de toda a sociedade e seu lucro social dá a dimensão da sua existência. O Balanço Social publica, anualmente, os resultados da avaliação de impactos econômicos, sociais, ambientais e, no desenvolvimento institucional, de uma amostra de soluções tecnológicas. A metodologia utilizada nesses estudos é a soma dos impactos econômicos dessa amostra de tecnologias.

Via Forbes Brasil

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Spain will try to persuade reluctant EU partners to approve Mercosur deal

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Spanish Prime Minister Pedro Sanchez on Wednesday said some European Union partners were reluctant to approve a trade agreement with South American bloc Mercosur, but he would try to persuade them to greenlight the deal.

The bloc comprising Argentina, Brazil, Paraguay and Uruguay Brazil is discussing concluding the agreement with the European Union after a political deal hammered out in 2019 was put on hold due to concerns, particularly in France, about Amazon deforestation and Brazil’s commitment to climate change action.

Via Reuters

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Rio de Janeiro: The “Marvellous City” welcomes digital nomads

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Launched in January 2022, Brazil’s new Digital Nomad Visa is enticing a new type of traveller to the South American country. And Rio is one of the most alluring spots to settle.

Rio de Janeiro, a colourful urban sprawl divided by forest-covered mountains and edged by golden coastlines, has long seduced international tourists with its samba-fuelled nights and spectacular landscapes. Now, the “Marvellous City”, as it’s known by Brazilians, is enticing a new type of traveller with its Digital Nomad Visa, which was launched across the country last year.

The local government has been pushing ahead with investments to make the city increasingly suitable for remote workers, including improving connectivity with citywide 5G coverage. An emerging coffeehouse scene also brings new working spots and a digital nomad vibe to Rio’s popular beachside areas, with modern cafes equipped with fast internet, contemporary brunch options and a variety of decent coffee.

By Sarah Brown via BBC

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An Indigenous woman from the Amazon wins the Goldman Environment Prize

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Alessandra Korap’s defense of her ancestral Munduruku territory recognized how she and others overturned the traditionally all-male leadership to organize, helping to halt mining.

When Alessandra Korap was born in the mid-1980s, her Indigenous village nestled in the Amazon rainforest in Brazil was a haven of seclusion. But as she grew up, the nearby city of Itaituba, with its bustling streets and commercial activity, crept closer and closer.

It wasn’t just her village feeling the encroachment of non-Indigenous outsiders. Two major federal highways paved the way for tens of thousands of settlers, illegal gold miners and loggers into the region’s vast Indigenous territories, which cover a forested area roughly the size of Belgium.

By Associated Press via BBC News

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Are Brazilians Hispanic? Many say ‘yes,’ report says

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A coding error in an annual survey by the U.S. Census Bureau has offered unprecedented insight into how large numbers of Brazilians in the U.S. identify as Hispanic or Latino.

An analysis by Pew Research Center shows that the coding mistake revealed at least 416,000 Brazilians, or more than two-thirds of Brazilians in the U.S., identifying as Hispanic in the 2020 American Community Survey. By comparison, only 14,000 Brazilians identified that way in 2019, and only 16,000 Brazilians did so in 2021 — years when the coding error wasn’t made.

Since 2000, the Census Bureau hasn’t classified Brazilians and other people from non-Spanish speaking countries in Latin America and the Caribbean as Hispanic because of federal government definitions that were last revised in 1997 but are being reconsidered for an update next year. Because of this, if someone marks that they are Hispanic but Brazilian on the survey, they are recoded as “not Hispanic” when the numbers are crunched.

By Mike Schneider via Scientific American

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EU lawmakers back ban on goods linked to deforestation

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The European Parliament approved a landmark deforestation law on Wednesday to ban imports into the EU of coffee, beef, soy and other commodities if they are linked to the destruction of the world’s forests.

The law will require companies that sell goods into the European Union to produce a due diligence statement and “verifiable” information proving their goods were not grown on land deforested after 2020, or risk hefty fines.

The rules aim to eliminate deforestation from the supply chains of a range of everyday items sold in Europe. It will apply to soy, beef, palm oil, wood, cocoa, coffee, rubber, charcoal, and derived products including leather, chocolate and furniture.

By Kate Abnett via Reuters

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Arcabouço fiscal: entenda os principais pontos do texto divulgado pelo governo

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O Ministério da Fazenda divulgou nesta terça-feira, 18, o texto final do novo arcabouço fiscal, proposto pelo governo do presidente Luiz Inácio Lula da Silva (PR). O projeto apresenta um conjunto de regras e parâmetros para o controle das contas públicas. A expectativa é que o texto seja protocolado no Congresso Nacional ainda hoje.

A nova regra fiscal substituirá o teto de gastos implementado no governo do ex-presidente Michel Temer (MDB), em 2016, e que limitava o crescimento das despesas ao ano anterior, corrigido pela inflação.

Entenda os principais pontos da nova âncora fiscal apresentada pelo governo:

By Izael Pereira via Exame

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Novas Perspectivas | Principais tendências de inovação no Agronegócio

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Wed, Apr 19, 2023 9:00 AM BRT (8:00 AM ET)

Programação:

09:00 – 09:20 Abertura/Avisos/Pesquisa
09:20 – 09:50 Palestrante: José Tomé
09:50 – 10:20 Palestrante: Patrícia Amélia
10:20 – 10:50 Palestrante: Thiago Mendes
10:50 – 11:00 Perguntas e Respostas (Q&A)
11:00 – 11:15 Prova de Conhecimento/Encerramento


Speakers:

Patrícia Amélia, EasyHub
José Tomé, Barn Investimentos
Thiago Mendes, AGTech Garage
Maurício Moraes, PwC Brasil
Kieran McManus, PwC Brasil

REGISTER HERE

OPEC+ cuts risk oil supply deficit, threaten economic recovery -IEA

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Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and global economic recovery, the International Energy Agency (IEA) said on Friday.

OPEC+ and the IEA have jousted in recent months over their outlooks for global oil supply and demand.

Consumer countries represented by the IEA have argued that tightening supplies drive up prices and could threaten a recession, while OPEC+ blames Western monetary policy for market volatility and inflation which undercuts the value of its oil.

By Noah Browning via Reuters

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Brazil treasury says foreign investors pouring back into public debt

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Foreign investors are returning in numbers to Brazil’s public debt market, Treasury Secretary Rogerio Ceron told Reuters, just after local financial assets rallied since the government proposed new fiscal rules two weeks ago.

In a late Tuesday interview, Ceron said the government expects to double the foreign share of domestic public debt to around 20% by 2026. He cited demand at four times last week’s offering of a $2.25 billion sovereign bond issue, Brazil’s first since 2021, as evidence of renewed foreign interest.

“The external issuance proves this clearly. We feel the presence of non-residents more strongly in our auctions,” he said

By Marcela Ayres and Bernardo Caram via Reuters

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2023 Brazil Summit: Líderes discutem o futuro da energia no Brasil e no mundo

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O Brazil Summit é um evento anual que tem sido organizado pela Câmara de Comércio Brasil-Estados Unidos há mais de 20 anos. O programa é especialmente relevante para a comunidade empresarial de Nova York, já que permite que eles conheçam as questões econômicas e políticas mais importantes do Brasil, apresentadas por seus principais representantes.

A edição de 2023 do Brazil Summit promete ser ainda mais especial, reunindo líderes e especialistas dos setores de petróleo e gás, energias renováveis, jurídico e financeiro para discutir desafios e apresentar propostas sobre as perspectivas do Brasil. O evento também contará com discussões importantes, oferecendo insights críticos sobre as perspectivas econômicas, políticas e de investimento do país.

Via Bloomberg Línea

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Quais profissões serão substituídas pela IA? Veja as áreas

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Desde o lançamento do ChatGPT, da Open AI, e do Bard, do Google, as discussões sobre se as IAs (inteligências artificiais) substituirão os humanos aumentaram e estudos mostram que alguns empregos – surpreendentemente, alguns tradicionalmente ocupados por executivos – podem ser fortemente impactados.

Quais serão as profissões mais impactadas pelas IAs
1. Finanças e bancos
2. Mídia e marketing
3. Serviços jurídicos

Os empregos que serão menos impactados pelas IAs
1. Trabalhadores de manufaturas e fábricas
2. Agricultores
3. Profissionais da saúde

By Arianna Johnson via Forbes Brasil

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Latin American Countries Will Grow Less Than Expected: World Bank

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Latin America and the Caribbean will experience only modest growth this year as the region’s economies suffer from high interest rates and falling commodity prices, the World Bank said in a report released Tuesday.

The Washington-based organization projects that the regional economy as a whole will expand 1.4% through December, lagging all other regions. It had projected 1.6% growth for this year, but consensus growth forecasts in Chile, Argentina and Colombia have worsened since the bank’s last report in October 2022. Activity is seen expanding 2.4% in each of the following two years.

“The forecasts going forward predict the same lackluster pace of the past two decades, which remains insufficient to reduce poverty, promote inclusion, and defuse social tensions,” bank analysts wrote. Fiscal imbalances remain high and will erode the equivalent of 2.7% of regional growth this year, while debt levels are seen at 64.7%, they said.

By Maria Eloisa Capurro via Bloomberg Línea

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Cinquenta anos depois, celular se mantém como hub de utilidades

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Em 3 de abril de 1973, Martin Cooper, atualmente com 94 anos, inventou aquele que é considerado o primeiro celular: Motorola_DynaTC8000X. À época, o executivo liderava a equipe de designers e engenheiros da Motorola. Das diversas entrevistas que deu sobre o tema, Martin ressaltou que o celular surgiu da necessidade de que existisse um aparelho que as pessoas pudessem utilizar em qualquer lugar. Em 2007, 34 anos depois, uma nova revolução surgiria dentre esses equipamentos com a apresentação do iPhone ao mundo.

Ao relembrar os 50 anos do celular, fica um questionamento: até quando o principal meio de comunicação da humanidade seguirá tão relevante? De acordo com a Comscore, somente o Brasil possui 121 milhões de usuários de smartphones, o equivalente a 93% da população. “Eles estão gastando mais tempo em seus dispositivos, com um aumento de 3% no tempo gasto em aplicativos móveis em relação ao primeiro trimestre de 2022; maioritariamente nas redes sociais e serviços”, explica Alejandro Fosk, vice-presidente da Comscore para América Latina.

By Luiz Gustavo Pacete via Forbes Brasil

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Brazil’s BTG Pactual launches own dollar-backed stablecoin

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Brazil’s BTG Pactual said on Tuesday it will launch a stablecoin priced in U.S. dollars at a parity of one to one, as it seeks to position itself in the digital assets market.

The stablecoin, called BTG Dol, will be available on Mynt, the bank’s crypto-asset platform, and through BTG Pactual’s own investment system.

A stablecoin is a type of cryptocurrency that is pegged to a stable asset as a way to reduce volatility.

By Paula Arend Laier and Paul Simao via Reuters

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Brasil fica em 7º em ranking de investimentos estrangeiros

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O Brasil é o sétimo destino mais procurado pelos estrangeiros que querem investir em países emergentes, conforme aponta o Índice de Confiança para Investimento Direto Estrangeiro, da consultoria internacional Kearney. O País ficou atrás de China, Índia, Emirados Árabes Unidos, Catar, Tailândia e Arábia Saudita. Ao todo, o levantamento avaliou o desempenho de 25 nações.

Esta é a primeira vez, em 25 anos, que a Kearney compilou dados sobre o apetite dos investidores em relação aos mercados emergentes. Anualmente, a consultoria divulga um ranking geral de desempenho das nações mais buscadas pelos investidores estrangeiros em todo o mundo.

Conforme divulgado pela consultoria, o índice é produzido com base em uma pesquisa realizada com executivos de empresas de diversos setores econômicos, em cerca de 30 países. Para participar da pesquisa, as empresas precisam ter faturamento anual igual ou superior a US$ 500 milhões. O estudo avalia, seguindo as respostas dos executivos, quais os mercados com maior potencial para atrair investimentos nos próximos três anos.

By Estadão Conteúdo via Exame

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Arcabouço fiscal terá piso e teto para crescimento dos gastos

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Finalmente, após semanas de adiamentos, o governo apresentou a proposta do novo arcabouço fiscal, que será enviado ao Congresso na próxima semana como um projeto de Lei Complementar (LC). A proposta foi apresentada na manhã de hoje em uma entrevista coletiva concedida pelos ministros da Fazenda, Fernando Haddad, e do Planejamento, Simone Tebet, no Ministério da Fazenda. A nova regra para as contas públicas vai substituir o teto de gastos, aprovado em dezembro de 2016 e que vinha valendo desde 2017.

O teto de gastos limitava a expansão das despesas públicas ao valor do ano anterior, corrigido pelo IPCA. Agora, o novo arcabouço fiscal terá pisos e tetos para o crescimento dos gastos. As despesas poderão crescer apenas 70% do avanço das receitas. Se essa regra for descumprida, o teto cai para 50% do crescimento. O objetivo das novas regras fiscais é permitir que o governo gaste mais com saúde, educação e segurança pública e possibilitar mais investimentos públicos sem descontrolar as contas.

A nova regra estabelece uma banda de flutuação para a meta do resultado primário (diferença entre despesas e receitas sem contar os juros. Essa banda vai funcionar como a meta de inflação, com um objetivo e limites de tolerância para mais e para menos. A primeira meta é de crescimento real da despesa primária entre 0,6% e 2,5% ao ano. Caso o resultado primário do governo fique acima do teto da banda, o excedente poderá ser utilizado para investimentos.

By Cláudio Gradilone via Forbes Brasil

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Brazilian National Data Protection Agency (ANPD) Discloses List of Companies Being Investigated

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In the wake of the Brazilian National Data Protection Agency (ANPD) issuing further regulations1 on the determination of penalties for violations of the Data Protection Law (LGPD),2 on March 23, 2023 the ANPD launched a new webpage with the list of companies and government agencies currently under investigation in a punitive administrative process.

The list currently includes only eight entities: one private company and seven government agencies. The list includes their names, date the investigation started, the process number, current status, and a brief description of the alleged violations. The main alleged violations include:

  • Not complying with an ANPD request;
  • Lack of notice of data breach incident to data subjects; and
  • Lack of security measures.

By Renata Neeser via Littler News

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Brasil e China avançam em acordo para comércio sem o uso do dólar

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Os governos do Brasil e da China avançaram nas últimas semanas na negociação para que o comércio e os investimentos entre os dois países sejam feitos diretamente entre o real e o yuan (RMB) o que excluiria o dólar dos Estados Unidos como moeda de referência nas transações.

Reduzir a dependência do dólar, aumentando a circulação do yuan, é uma das linhas de atuação da política externa e financeira da China, num contexto de disputas comerciais e geopolíticas com os Estados Unidos. Recentemente, o governo do presidente Xi Jinping firmou acordos com Arábia Saudita e Rússia para o uso do yuan no comércio. O RMB tem cerca de 2% de participação nos pagamentos globais, em crescimento principalmente no entorno do gigante asiático.

No fim de janeiro, os bancos centrais dos dois países assinaram um memorando para estabelecer uma “clearing house” no Brasil. Na prática, trata-se de um banco escolhido pelo governo chinês – o ICBC – com liquidez na moeda chinesa para fazer a compensação das divisas diretamente. O empresário no Brasil receberia em yuan e faria, nesse mesmo banco, a troca pelo real.

By Estadão via Exame

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Mattos Filho recognized by leading international legal publications

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Our firm has featured in two important international legal publications in the last few days.

Mattos Filho received the main award at The Legal 500 Brazil Awards last week, being recognized as ‘Law Firm of the Year’. The awards are based on an assessment of law firm structure and the importance and complexity of the candidates’ cases.

We were also the firm with the highest number of recognized practice areas. Our Capital Markets practice was recognized in the ‘Capital Markets Law Firm of the Year’, ‘Deal of the Year’ (for Nubank’s IPO), and ‘Capital Markets Lawyer of the Year’ categories, while our Litigation and Arbitration practice also won the award for ‘Litigation Law Firm of the Year’.

Furthermore, we were ranked in nine different categories in the Chambers Brazil: Contentious 2023 guide, which recognizes the performance of the best firms and lawyers:

  • Bankruptcy/Restructuring
  • Competition/Antitrust
  • Compliance
  • Consumer Law
  • Dispute Resolution: Arbitration
  • Dispute Resolution: Litigation
  • Dispute Resolution: White-Collar Crime
  • Labour & Employment: The Elite
  • Tax: Litigation: The Elite

27 of our professionals appeared in the rankings, receiving a total of 29 recognitions.

We would like to thank both institutions for these recognitions, which reinforce our commitment to providing outstanding service and strengthening our strategic partnerships with clients.

Via Mattos Filho

80% dos empregadores brasileiros têm dificuldade de encontrar talentos

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Uma pesquisa do ManPowerGroup sobre escassez de talentos descobriu que 80% dos empregadores do Brasil encontram dificuldades para recrutar os funcionários que precisam em 2023. A taxa, que aumentou desde 2018, ficou estável em relação ao ano anterior e varia de acordo com a indústria.

Enquanto as empresas das áreas de bens de consumo e serviços e de finanças e imobiliário registraram a taxa de 82% de dificuldade de encontrar talentos, as indústrias de transporte, logística e automotiva, de serviços de comunicação e de assistência médica e ciências da vida divulgaram 81% de dificuldades para encontrar funcionários.

As habilidades mais procuradas
O estudo destacou as principais competências buscadas pelos empregadores brasileiros, com as habilidades humanas se destacando em uma era dominada pelo digital. Veja as 5 soft skills mais buscadas no Brasil:

Bia Gabriela Guido via Brasil Forbes

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BTG Pactual Bridges Business Between Brazilians And Saudis

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Brazilian investment bank BTG Pactual set up an office in Riyadh , the capital of Saudi Arabia. The biggest investment bank in Latin America is the only one from Brazil with a presence in the largest Arab country in the Gulf region. It serves the six countries of the Gulf Cooperation Council (GCC); Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain.

BTG Pactual partner and head of BTG Middle East , Mario Cavalieri, spoke about the bank’s activities in the region in a seminar at the Arab Brazilian Chamber of Commerce (ABCC) headquarters this Tuesday (28).“We set up an office in Riyadh to raise capital from [Saudi] Arabia and other GCC countries for investments in Latin America and attract Latin American investment to the Middle East,” said Cavalieri.

In addition, the bank carries out mergers and acquisitions in the region. The sectors attracting interest to Arab companies seeking to buy companies in Brazil and Latin America are animal protein, infrastructure, aviation, and hospitality , informed Cavalieri. On the other hand, the Arabs have sizeable operations in the energy sector, both in oil and gas and in renewable energies.

By Brazil-Arab News Agency (ANBA) via MENAFN

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Brasil pode se tornar centro de ciência quântica aplicada ao agro

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Interessados em abrir espaço de pesquisa, por meio de laboratórios de estudo e de parcerias com instituições, o Lanaf (Laboratório Nacional de Agro-Fotônica), que pertence à Embrapa Instrumentação, unidade localizada em São Carlos (SP), reuniu na sexta (24), pela primeira vez, um grupo de pesquisadores para traçar o potencial das tecnologias quânticas no desenvolvimento do agro. As tecnologias quânticas estão presentes em diversos desenvolvimentos, como GPS, LED, câmeras digitais, computadores e laser.

“Precisamos ser o centro do mundo da ciência quântica aplicada ao agro, ter uma visão estratégica”, disse Paulo Nussenzveig, pró-reitor de pesquisa e inovação da USP (Universidade de São Paulo), durante o 1º Workshop de Tecnologias Quânticas no Agro. “Há uma nova revolução quântica em curso, que depende de um conhecimento profundo, temos uma comunidade acadêmica forte que domina esse conhecimento. É urgente um projeto de inovação a longo prazo no país”. O encontro teve por objetivo conectar universidades, instituições de pesquisa e a iniciativa privada em torno do tema.

By Redação via Forbes Brasil

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Littler: Webinars for the week of March 27

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WEBINARS FOR THE WEEK OF MARCH 27

March 29

The NLRB Today: What Every Employer Should Know

After President Biden pledged to be the most union-friendly president the country had ever seen, and appointed two new board members and NLRB General Counsel Jennifer Abruzzo to that end, the NLRB began an aggressive pursuit of employers.
In this session, Littler’s traditional labor law professionals discuss the state of union organizing and what employers should be doing about it, major NLRB decisions issued, and precedents under consideration. Attendees will leave this session with a
deeper understanding of the current union environment and the impact of NLRB decisions. This training is beneficial for both nonunionized and unionized employers in a wide range of industries.

Additionally, Stephanie Zielinski, ComplianceHR Marketing Director, will discuss the benefits of having an updated employee handbook and introduce you to PolicySmart. This all-in-one employee handbook tool can help you simplify the complexity of employment law and make your compliance strategy proactive instead of reactive.

March 30

Pregnancy and Lactation in the Workplace: An Update on Laws Affecting Pregnant Workers

In December 2022, Congress enacted two measures that expand rights for pregnant and nursing workers: the Pregnant Workers Fairness Act (PWFA) and the Providing Urgent Maternal Protections for Nursing Mothers Act (PUMP Act).

In this webinar, Mark Phillis and Jessica Craft will discuss the changes these new measures will bring to the workplace, from changes in accommodations to policies. This webinar will help you understand how these new laws impact employers, what steps you can take now to ensure compliance, and how to update your procedures before the upcoming enforcement deadlines.

Via Littler

Research: The Pros and Cons of Soliciting Customer Reviews

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Many companies chase customers for online reviews by sending them solicitation emails. These emails aren’t always a good idea, according to new research. Solicitation will push your ratings from the extremes to the average. This could be good or bad. Email prompts disproportionally triggers moderate reviews as the passionate reviewers are more likely to leave reviews of their own accord. Thus, for those products with generally-high average ratings, reminders will lower the average rating. In contrast, products with generally-low average ratings might benefit from reminders. The exception is platform companies such as Amazon or Booking.com–they should always send out reminders as all that matters to them is volume. Also, the research found that companies that do solicit reviews don’t need to offer financial rewards–a reminder email is equally effective.

Online reviews have substantial value for businesses. Ninety-eight-percent of customers read reviews before they shop, making it one of the most important sources of information about products and services; for 2021, online reviews were predicted to affect $3.8 trillion revenues worldwide.

By Leif Brandes, David Godes, and Dina Mayzlin via Harvard Business Review

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Brazil central bank holds rates, flags increased inflation expectations

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Brazil’s central bank cited rising inflation expectations as it kept interest rates unchanged for the fifth consecutive policy meeting on Wednesday, drawing concern from the government and weakening bets of imminent monetary easing.

The bank’s rate-setting committee, known as Copom, maintained its Selic benchmark interest rate at 13.75%.

The decision, which defied intense pressure from the new government of President Luiz Inacio Lula da Silva to reduce borrowing costs, matched the expectations of all 30 respondents in a Reuters poll.

By Marcela Ayres via Reuters

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Digital skills: você tem as habilidades do futuro?

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Todo mundo vai precisar ter habilidades digitais, não importa a área. Elas aumentam – e muito – a sua chance de continuar empregado. Veja quais são

Mais de 80% dos diretores admitem que a falta de habilidades digitais tem impacto negativo sobre sua empresa. O dado é resultado de um estudo feito no ano passado pela AND Digital, empresa europeia de capacitação em digital skills com mais de 40 mil pessoas já treinadas em diversos países. O dado reforça que o desejo de lideranças em promover a transformação digital em suas companhias nem sempre vem acompanhado de mudanças no perfil profissional dos funcionários.

Ganhar habilidades digitais – isto é, ter competências técnicas que envolvem tecnologias para aplicar no cotidiano do trabalho –, significa acompanhar o ritmo das mudanças que vai mudar a cara das empresas nos próximos anos. “Com aceleradores e chips que estão sendo construídos, podemos ter sistemas de IA mil vezes mais poderosos do que são hoje até 2030. Não é exagero”, disse a futurista Amy Webb em sua palestra na conferência SXSW no início do mês.

By Gabriela Guido via Forbes Brasil

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Brazil Is Not for Beginners

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The depth of innovation required to solve tough regional challenges, combined with Brazil’s high talent density, will increasingly create opportunities to invest in companies that aren’t just local winners, but global powerhouses.

“Brazil is not for beginners,” commented Bruno Balduccini, lead fintech partner of law firm Pinheiro Neto. The “Godfather of Fintech”, as he is known in the Brazilian venture ecosystem, was not referring to historical critiques of excessive bureaucracy that gave birth to this local expression. Rather, Balduccini was acknowledging the evolution of Brazil’s fintech ecosystem: the sophistication of the capital markets, the advances of its regulatory regime, and the companies that have transformed the financial services landscape, including Nubank (one of the most valuable challenger banks in the world).

Brazil is Latin America’s most developed ecosystem for technology-enabled financial services, and it’s hard to overstate the importance of Brazilian government bodies in boosting financial inclusion by promoting reforms across all areas of financial services. From the unbundling of the banking scheme that started in 2013—which allowed newcomers such as Creditas and Neon to apply for tiered licenses that are quicker and less costly than a full banking framework—Brazil is one of the leaders of the world when it comes to regulation-promoting financial services innovation. More than half of the country’s adult population, a staggering 64 million people, made their first digital payments transaction with PIX, Brazil’s instant payment system designed by the Central Bank. Moreover, more than 18 million accounts consent to share their data in the context of open finance, a 95 percent growth from September to December 2022. And after piloting projects last year, Brazil is in the advanced stages of launching its central bank digital currency, Real Digital, which aspires to leverage tokenization and smart contracts on the blockchain for enabling programmable money. For innovators, change means opportunity.

By Monica Brand Engel, Jonathan Whittle and Michel Zaidler via Observer

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Brazil looks to regulate monetized content on Internet

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The Brazilian government is studying whether to regulate Internet platforms with content that earns revenue such as advertising, its secretary for digital policies, Joao Brant, said on Friday.

The idea would be for a regulator to hold such platforms, not consumers, accountable for monetized content, Brant told Reuters.

Another goal is “to prevent the networks from being used for the dissemination and promotion of crimes and illegal content” especially after the riots by supporters of former far-right President Jair Bolsonaro in Brasilia in January, fueled by misinformation about the election he lost in October.

By Victor Pinheiro via Reuters

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Brazil’s Lula to go to China with 240 business representatives, says official

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Brazil’s President Luiz Inacio Lula da Silva will visit China this month accompanied by a delegation of 240 business representatives, including 90 from agriculture sector, a senior Foreign Ministry official said on Friday.

Trade promotion secretary Daniel Fernandes said at a press briefing that all the government’s ministries will be represented on the March 26-30 visit to Beijing and Shanghai.

The ministry’s Secretary for Asia, Pacific and Russia, Eduardo Saboia, said Brazil is hoping to diversify its trade relationship with China, the largest customer for Brazilian exports, mainly soy beans and iron ore.

By Anthony Boadle via Reuters

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Brazil to pay debt to multilateral organizations in 2023

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Brazil’s government will pay outstanding debts of 2.6 billion reais ($490.6 million) to multilateral organizations in 2023, reinforcing its commitment to global forums, the Planning Ministry said on Thursday.

The amount corresponds to debts to “various organizations” inherited from former President Jair Bolsonaro’s administration, which leftist President Luiz Inacio Lula da Silva will settle.

Lula has sought to restore Brazil’s international presence and reposition the country to attract investments, most notably resuming an active role in fighting climate change and addressing human rights.

By Marcela Ayres Editing by Chris Reese via Reuters

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Com SXSW, Itaú pretende acelerar transformação cultural e digital do banco

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O Itaú Unibanco estreou como a primeira marca brasileira a patrocinar oficialmente o South by Southwest (SXSW), evento de tecnologia e inovação que ocorre em Austin, no Texas, nesta semana. O apoio marca a criação da plataforma de inovação do banco que envolve a participação em outros eventos, inclusive no Brasil. O objetivo, segundo Renato Haramura, superintendente de Marketing Institucional do Itaú, é, em primeiro lugar, democratizar o acesso à inovação para empreendedores e todo o ecossistema do banco e, internamente, contribuir com conhecimento para as principais mudanças culturais, comportamentais e tecnológicas que a companhia vive atualmente.

“O Itaú vive um contexto de transformação que não envolve apenas a digitalização, mas também uma mudança refletida em suas marcas, o reposicionamento recente de Personalitté é um exemplo disso. São transformações que envolvem formato, investimento, cultura. Estamos falando de um contexto de 100 mil funcionários. E trazer para dentro dos nossos ecossistemas todas as provocações que ocorrem aqui no SXSW é um desafio, ao mesmo tempo que reflete a oportunidade e o momento que vivenciamos”, destaca Haramura. Sobre os próximos passos da presença do Itaú no festival, Haramura reforça que o objetivo, agora, é estimular o pensamento de inovação em toda a companhia e independentemente de áreas.

By Luiz Gustavo Pacete via Forbes Brasil

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Has Your Organization Acted on What It’s Learned in the Pandemic?

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As the pandemic marks a third anniversary, business leaders around the world are eager to move on. But few companies have systematically institutionalized what they’ve learned from their Covid-19 experience to build resilience. The authors suggest a three-step approach to do so: 1) Evaluate how you — and your competitors — performed during the pandemic; 2) Extract the stories of what worked and what didn’t through an after-action review; and 3) Implement the needed capabilities identified in the after-action review.

BCG research has found that 15% of companies outperform their industry in more than 80% of crises. Berkshire Hathaway, for example, outperformed its peers in 15 out of the last 17 turbulent periods.

by Martin Reeves, Robert van der Veeken, and Adam Job via Harvard Business Review

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Brazil development bank aims to pay out sums totaling 2% of GDP by 2026

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An executive at Brazilian state development bank BNDES said on Tuesday the bank aims to pay out the equivalent of 2% of the country’s Gross Domestic Product (GDP) by 2026.

BNDES did not specify the exact figure. According to Brazil’s government statistics agency, the country’s 2022 GDP amounted to 9.9 trillion reais ($1.88 trillion).

Speaking at a news conference, BNDES planning executive Nelson Barbosa also said there is more credit supply to the bank coming from abroad and that this could unlock more credit for South America’s largest nation.

By Rodrigo Viga; Writing by Carolina Pulice; Editing by Sarah Morland via Reuters

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Littler – webinars for the weeks of March 13 & March 20

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Webinars for the weeks of March 13 & March 20

 

March 14

Conducting Effective Workplace Investigations


Conducting an effective workplace investigation can be a daunting task. It’s critical to maintain objectivity, uncover important facts, and follow compliance and confidentiality procedures. Despite their complex nature, these investigations continue to be increasingly important in today’s highly litigious workplace. Organizations must not only protect workers’ rights to proper investigation, but they must also show concern for workers’ wellbeing in the event of an accident. In this 60-minute webinar,
Rocio Blanco Garcia will walk you through a basic training on conducting effective workplace investigations.

Additionally, Stephanie Zielinski, Marketing Director of ComplianceHR will walk you through PolicySmart™. This all-in-one employee handbook tool can help you simplify the complexity of employment law and make your compliance strategy become proactive instead of reactive

March 15

Yet More Major New Changes in NY State and City Employment Law?!?


Littler’s New York office will review recent New York State and New York City employment law developments and identify the practical steps that businesses should take to maintain their employment compliance in 2023 and beyond. This discussion will cover multiple recent developments, including:

New Statutes

·        NYS additional protected categories under the NYS Human Rights Law

·        NYS pay transparency in job postings

·        NYS expanded lactation accommodation requirements

·        NYS new Lawful Absence Law

·        NYS regulation of work-related quotas for warehouse workers

Updates

·        NYC artificial intelligence enforcement

·        NYS expanded whistleblowers protection

·        NYS pay frequency litigation

·        NYS freelancers aren’t free

·        NYS Wage Transparency Law

·        NYS Adult Survivors Act

March 21

Where Have All the Workers Gone? – Tackling the Chronic Labor Shortage


In this webinar, Littler Shareholder Bruce Sarchet will discuss the scope of the current shortage of workers in the U.S., and

review some of the more popular options for attracting and retaining talent. Oftentimes, the more creative “bells and whistles” approaches to employee compensation and benefits come with a host of labor and employment law challenges. We will explore those challenges and discuss how human resources professionals, in-house legal counsel and business owners can implement solutions.

Additionally, Kimball Norup, CEO of ComplianceHR, will discuss the cultural and employee benefits of having a comprehensive
and up-to-date compliance strategy. He will also introduce you to the Navigator Suite of solutions, which can help you simplify the complexity of employment law and make your compliance strategy proactive instead of reactive.

March 22

Compliance Training Plus: Fresh Perspectives and Guidance on Compliance Training That Make Sense


Littler’s Training Group Principal Marissa Dragoo and Shareholder Demery Ryan will discuss the nuts and bolts of common workplace training challenges with Kantola Training Solutions’ CEO, Sarah Rowell.

This session will provide insights on training challenges and how to best address them, and will also provide attendees with a reminder and proposed game plans for addressing their many state and local jurisdiction compliance requirements, which now include Chicago’s new Bystander Intervention training.

Get an insider’s view on how to train hybrid workplaces, remote workplaces and multistate workplaces. This webinar will also provide techniques and advice for overcoming the challenges created by workplace operations, structure and dynamics,
including staff diversity from corporate employees, to manufacturing, traveling and even multilingual employees.

March 23

A Littler Virtual Roundtable | New York Retail Industry


Littler attorneys and in-house counsel from some of the nation’s top retailers present a highly engaging virtual roundtable discussion. This interactive forum will allow industry colleagues to share how businesses are handling current legal challenges. Participants will explore practical and out-of-the-box approaches to address challenges they have faced, sharing ideas and strategies that have proven successful.

Topics to be discussed at this roundtable include:

·        NLRB update including Board decision on severance agreements

·        Predictive scheduling laws

·        Pay transparency in job posting statutes

·        NYS legal updates including additional protected categories under NYS Human Rights Law, expanded lactation accommodation requirements, Lawful Absence Law, and enforcement of Artificial Intelligence Law

·        The worker protection unit/wage theft task force from DA Bragg

This roundtable discussion is designed for contacts within the retail industry.

 

VPB de R$ 1,249 trilhão caminha para ser o maior da história do agro

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O VBP (Valor Bruto da Produção Agropecuária) de 2023 está estimado em R$ 1,249 trilhão, valor 5 % maior do que o obtido no ano passado. O resultado é o maior de uma série com início há 34 anos. A revisão que ocorre mensalmente foi apresentada hoje (13), pelo Mapa (Ministério da Agricultura e Pecuária).

O VBP é calculado com base nas informações de safras de fevereiro,  é organizado pela Companhia Nacional de Abastecimento (Conab) e Instituto Brasileiro de Geografia e Estatística (IBGE). O valor das lavouras está previsto em R$ 887,7 bilhões (crescimento de 8,9%) e a pecuária, 361,9 bilhões (retração de 3,4%).

Preços acima da média de anos anteriores e expectativas de boa safra em 2023 trazem contribuição positiva para um grupo amplo de lavouras, com destaque para laranja, cana-de-açúcar, milho e soja. Milho e soja representam 62% do VBP das lavouras, e têm participação decisiva nesses resultados. Sua influência também têm sido importante na produtividade de grãos que está sendo prevista com acréscimo de 10%.

By Redação via Forbes Brasil

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Os brasileiros do Brex estão socorrendo as startups do Vale do Silício

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A fintech de cartão de crédito corporativo, está entrando no mundo dos empréstimos para ajudar as startups prejudicadas pelo colapso

Enquanto as empresas que mantinham seu dinheiro no Silicon Valley Bank correm para encontrar soluções para a folha de pagamento desta semana, o CEO da Brex, Henrique Dubugras, passou os últimos dois dias no telefone para entrar no negócio de empréstimos, pelo menos temporariamente.

A fintech com sede em San Francisco anunciou no sábado (11) que já havia recebido mais de US$ 1 bilhão em pedidos de uma linha de crédito de emergência anunciada na sexta-feira (10).

Em uma entrevista, Dubugras disse à Forbes que a Brex ainda estava no processo de garantir os credores e definir as taxas, mas planejava fazê-lo até a segunda-feira. “Estamos aqui 24 horas por dia, 7 dias por semana, negociando as condições para começarmos a financiar”, disse ele.

By Alex Konrad via Forbes Brasil

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EU warms to unlocking stalled Mercosur trade deal

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The European Union is warming to the idea of concluding a major free trade deal with Brazil and its Mercosur neighbours, with “decisive progress” possible by July, a senior EU official and Sweden’s trade minister said on Friday.

The EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay completed negotiations 2019 but the deal has been on hold due to concerns, particularly in France, about Amazon deforestation and Brazil’s commitment to climate change action.

The European Commission has proposed Mercosur accept clear sustainability commitments, on which European Commission Vice President Valdis Dombrovskis said it was already consulting EU members and lawmakers and Mercosur countries.

By Philip Blenkinsop via Reuters

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Executives Need to Invest in Understanding the Customer Experience

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Delivering superior customer experience (CX) is a mandate that now extends well beyond the bounds of customer service, support, sales, or IT departments. It requires a cultural shift that emphasizes pervasive information sharing and intent analysis across the enterprise. Executives not fully immersed in CX leave their organizations open to churn and reduced market presence. Executives across all domains need to step up and lead their organizations’ CX efforts in order to survive.

Call it a sixth sense on the part of consumers. When connecting with a company to make a purchase or get a question answered — be it on a sales floor, over the phone, or online — one can intuitively sense the environment of that company. They can tell whether it’s an inspiring and innovative place to work and cares about its customers and community, or is a terrible place to work that doesn’t respect customers and has a stagnant corporate culture. Of course, there are cases where no intuition is even required, and the state of an organization’s corporate culture is obvious through encounters with seemingly apathetic employees lacking the right information, or through confusing online interfaces. This is the crux of the current state of customer experience, or CX.

CX has long been seen as the primary duty of customer service personnel, and, more recently, technology staff charged with designing well-functioning digital and virtual interfaces. However, missing from the equation have been higher-level executives and decision-makers who haven’t paid enough attention to CX efforts and have taken things for granted. A lot of leaders have never experienced how good (or bad) their company’s customer experience is, and they assume it is always good, or at least passable.

By Joe McKendrick and Andy Thurai via Harvard Business Review

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Brazil announces pilot for digital currency seeking to leverage financial services

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Brazil’s central bank announced the start of a digital currency pilot project on Monday, aiming to replicate the success of its instant payment system Pix to popularize financial services in the country.

According to Fabio Araujo, coordinator of the initiative at the bank, the public use of the digital currency should begin at the end of 2024, after the completion of the testing phase – which will include buying and selling of federal public bonds among individuals – and its subsequent evaluation.

Araujo said the “digital real” will be built as a means of payment executed on distributed ledger technology (DLT), to support the provision of retail financial services settled through tokenized deposits in institutions of the financial and payment systems in Brazil.

Reporting by Marcela Ayres; Editing by Leslie Adler via Reuters

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CERAWEEK-Petrobras, Equinor to evaluate 7 wind projects offshore brazil

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Brazil’s state-run oil firm Petrobras (PETR4.SA) and Norwegian energy provider Equinor (EQNR.OL) on Monday said they signed an agreement to evaluate development of seven wind projects offshore Brazil.

The proposed projects would deliver a combined capacity of 14.5 gigawatts of power if confirmed, Petrobras CEO Jean Paul Prates said at the CERAWeek energy conference in Houston.

The project could cost $70 billion if confirmed in its entirety, with production starting in six to 10 years. The study phase of the project will last until 2028, the companies said.

By Sabrina Valle via Reuters

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Brazil to Double Lending Capacity of Its Development Bank

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Brazil’s development bank plans to issue tax-free bonds to double credit operations to nearly $40 billion without the Treasury’s help, according to its planning and project structuring director.

Nelson Barbosa, who served as finance minister under Dilma Rousseff and has now joined the ranks of the bank known as BNDES, said the bonds will be linked to development projects in areas where the institution wants to invest, such as energy transition, innovation and infrastructure. They will also be available to individual investors, sweetened by the exemption of income tax.

“One of our goals is to restore BNDES’s historical size, which means doubling the size of the bank,” Barbosa said in an interview in his office in Brasilia. “Instead of the Treasury borrowing and transferring funds to BNDES, the bank itself will raise the money.”

By Martha Beck via Reuters

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UNITED – MileagePlus

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O MileagePlus® é sua passagem para o mundo, com mais possibilidades de ganhar e usar milhas. Tenha à sua disposição mais destinos para viagens-prêmio do que qualquer outro programa de fidelidade de uma companhia aérea dos E.U.A.

Atualize seu perfil e tenha acesso aos benefícios do seu status MileagePlus:

• Nome completo (igual está no seu passaporte/bilhete emitido)
• Endereço completo com CEP
• Telefone para contato
• Data de nascimento
• E-mail
• Senha
• Perguntas de segurança (anotar as respostas e guardar em local seguro sempre)

ATUALIZAR AGORA

 

—

 

MileagePlus® is your ticket to the world, with the most ways to earn and use miles. Have at your disposal the most awarded destinations of any U.S. airline loyalty program.

Update your profile and get access to the benefits of your MileagePlus status:

• Full name (same as on your passport/issued ticket)
• Complete address with zip code
• Phone number
• Date of birth
• Email
• Password
• Security questions (keep them in a safe place always)

UPDATE NOW

Secretary Raimondo Appoints U.S. Members to the U.S.-Brazil CEO Forum

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Secretary of Commerce Gina Raimondo today announced the appointment of 12 U.S. CEOs who will serve in the U.S. Section of the U.S.-Brazil CEO Forum (Forum) during the 2023-2026 term. The newly-appointed members will coordinate, organize and plan the activities of the U.S. Section in preparation for the first in-person Forum meeting under the Biden-Harris Administration.

Additionally, Secretary Raimondo has appointed Mauro Gregorio, CEO of the Dow Silicones Corporation, to serve as the U.S. Section Private Sector Co-chair. In this role, Mr. Gregorio will organize members of the U.S. Section and coordinate with his Brazilian counterpart on Forum activities.

“The U.S. – Brazil CEO Forum is a critical vehicle in deepening our trade and investment relationship with Brazil, and I am proud to appoint these twelve United States CEOs from a cross-section of vital industries,” said Secretary Raimondo. “Their unmatched business knowledge and experience will be essential to advancing the objectives of the Forum.”

By U.S. Department of Commerce

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Brazil – Outlook and Opportunities for Investment in 2023

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Despite the turbulence this year, private equity and venture capital investments in Brazil grew by more than 13% in the first half of 2022 alone. With a stable political and economic outlook, along with a devalued currency and investors moving away from other emerging markets, Brazil is a prime target for investments in 2023.

New Government in 2023

On October 30, 2022, former president Luis Inácio Lula da Silva (Lula) was elected as Brazil’s next president. Despite receiving the largest number of votes ever for any candidate in Brazil’s democratic history, Lula beat the incumbent president Jair Messias Bolsonaro by the smallest margin ever in a Brazilian presidential election; 50.9% to 49.1%.1 Lula will be sworn in on January 1, 2023 for his third time, after having served as president from 2003 to 2010. A founding member of the Workers’ Party (PT), Lula is seen as a left-wing politician, which is diametrically opposed to Bolsonaro, who is the leader of Brazil’s far right political movement.

President Lula will be checked by a newly elected Congress and Senate that are among the most conservative ever. President Bolsonaro was able to elect numerous supporters to both houses, who will work actively to oppose any radical policies that Lula could propose. While this will create some difficulty for Lula to approve much needed reforms, such as simplifying the country’s tax code, it should create some stability, which generally favors investment. President Lula’s team has started providing glimpses into what his future cabinet will look like. His economic team is expected to include well-known economists with successful track records in fostering growth and stability, which will help ease tensions in the market. In the first week after his election, the Brazilian stock exchange climbed 3%2 and the Brazilian Real increased by 4.5% compared to the U.S. Dollar,3 showing that there is some optimism now that the elections are over.

By Carlos Flávio Lopes, Managing Director via StoneTurn

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DHS to Streamline Adjudication of Extension of Status, Change of Status, and Work Authorization Applications for Spouses and Children of Certain Visa Holders

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On January 19, 2023, the U.S. Department of Homeland Security (DHS) reached a settlement in Edakunni v. Mayorkas. As a result of the settlement, U.S. Citizenship and Immigration Services (USCIS) has agreed to resume its policy of adjudicating extension of status, change of status, and employment authorization applications filed by spouses and children of L-1 and H-1B nonimmigrant visa holders along with the petition filed on behalf of the principal applicant so long as they are concurrently and properly filed.  Specifically, USCIS will review Form I-539, Application to Extend/Change Nonimmigrant Status, and Form I-765, Application for Employment Authorization, for H-4 and L-2 dependent spouses and children at the same time it considers the underlying Form I-129, Petition for a Nonimmigrant Worker, for the corresponding principal applicant when they are all concurrently and properly filed.

Prior to 2019, USCIS routinely adjudicated I-539 and I-765 applications concurrently with a principal applicant’s I-129 petition as a courtesy when the applications were properly filed at the same time. As a result of ongoing policy changes at the time, USCIS stopped bundling adjudication and each petition and application was adjudicated independently. The unbundling of adjudication added significant processing delays as it required additional biometrics from the I-539 and I-765 applicants, making it difficult for these applicants to be able to maintain their employment as the lengthy delays caused a lapse in work authorization.

By Deepti S. Orekondy via Littler

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Itamaraty confirma Maria Luiza Viotti como embaixadora do Brasil nos EUA

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Itamaraty confirma Maria Luiza Viotti como embaixadora do Brasil nos EUA

Indicação de Viotti ainda terá que passar pelo crivo do Senado.

O Ministério das Relações Exteriores confirmou hoje o nome da diplomata Maria Luiza Viotti como a nova embaixadora do Brasil nos Estados Unidos. A indicação já recebeu aval do governo americano.

Viotti foi representante do Brasil na Organização das Nações Unidas (ONU), em Nova York, entre 2007 e 2013. Também foi chefe de gabinete do secretário-geral da ONU entre 2017 e 2021. Antes, serviu como embaixadora do Brasil na Alemanha (2013-2016) e Subsecretária-Geral da região da Ásia e do Pacífico (2016-2017). Ela substituirá em Washington o embaixador Nestor Foster, conhecido pelo alinhamento com o ex-presidente Jair Bolsonaro. A indicação de Viotti ainda terá que passar pelo crivo do Senado.


Por Murillo Camarotto via Valor

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CONVITE WEBINAR: O que esperar da nova lei de criptomoedas no Brasil?

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Acontecimentos globais recentes alavancaram a aprovação da Lei nº 14.478/2022 (“Lei das Criptomoedas”) no Brasil. Com ela, a criptoeconomia ganha um marco legal mínimo, que deve promover um ambiente de crescimento e inovação financeira nos países sul-americanos. 
Entre as inovações trazidas pela nova lei destaca-se a criação dos chamados provedores de serviços de ativos virtuais (VASP), empresas que devem ter licença prévia para negociar, intermediar e fazer custódia de ativos virtuais no Brasil.

Nossas sócias Juliana Abrusio, head da área de Direito Digital e Proteção de Dados, Alessandra Carolina Rossi Martins, sócia na área de Bancário, Seguros e Financeiro, e o advogado Marcelo de Castro Cunha Filho, especialista nas áreas de criptoativos, blockchain e tokenização, receberão Bárbara Espir, vice-presidente jurídica da Bitso, para debater esse e outros tópicos em nosso webinar.

7 de fevereiro  |  10h – 11h30 (Hora de Brasília)

 

Moderadora:

JULIANA ABRUSIO
Head da área de Direito Digital
e Proteção de Dados do Machado Meyer

Palestrantes:

ALESSANDRA CAROLINA ROSSI MARTINS 
Sócia na área de
Bancário, Seguros e Financeiro do Machado Meyer		 MARCELO DE CASTRO CUNHA FILHO 
Advogado ​​​​​especialista
nas áreas de criptoativos, blockchain e tokenização do Machado Meyer		 BÁRBARA
ESPIR
Vice-presidente
jurídica da Bitso

INSCREVA-SE

Copa Airlines announces new routes to Baltimore (U.S.) and Manta (Ecuador)

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Copa Airlines announced Thursday the start of operations in June of this year to the cities of Baltimore in the United States and Manta in Ecuador. With these two new destinations, the airline reinforces its leadership in Latin America and strengthens the position of Panama and the Hub of the Americas as the main hub in the region.

“We are pleased to start the year by announcing the opening of two destinations full of history and with great tourist appeal in markets as important to Copa as Ecuador and the United States. In this way, we remain steadfast in our goal to increase connectivity through Panama between the countries where we operate, and contribute to the growth of tourism, investment and economic and social development in our region,” said Pedro Heilbron, CEO of Copa Airlines.

With the opening of Baltimore, Copa continues to consolidate its route network in the U.S., adding the historic and cultural “Charm City” known for having more statues and public monuments per capita than any other U.S. city. This coastal destination joins the thirteen already operated by the airline in the United States: Tampa, Miami, Orlando, Atlanta, Boston, Chicago, New York, Denver, Washington, Las Vegas, Los Angeles, San Francisco, and Fort Lauderdale.

By Dergan Mousa via Aviacion al dia 

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Marco Legal de Criptoativos

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​Em 21 de dezembro de 2022, foi sancionada pelo Presidente da República a Lei nº 14.478/2022 (“Marco Legal de Criptoativos” ou “MLC”), que dispõe sobre diretrizes a serem observadas na prestação de serviços de ativos virtuais e na regulamentação das prestadoras de serviços de ativos virtuais.

A norma teve origem no Projeto de Lei nº 2.303/2015, apresentado pelo Deputado Federal Aureo Ribeiro em 8 de julho de 2015. Mais de 6 anos após a sua apresentação, em 8 de dezembro de 2021, o projeto foi aprovado pela Câmara dos Deputados e remetido ao Senado Federal, onde foi renumerado como Projeto de Lei nº 4.401/2021 (“PL 4.401”). O PL 4.401 foi aprovado em abril de 2022 pelo Senado Federal, e em
novembro pela Câmara dos Deputados. Ao longo do processo legislativo, o Senado Federal aprovou um substitutivo ao texto original do projeto (“Substitutivo”) com algumas alterações que, posteriormente, foram rejeitadas pela Câmara dos Deputados, resultando na sua não incorporação no texto final do Marco Legal de Criptoativos. O MLC entrará em vigor 180 dias após sua publicação no Diário Oficial da União, que ocorreu em 22 de dezembro de 2022.

Via BMA Advogados

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Profissionais:

Fernanda Villela
São Paulo
Languages: Portuguese, English, Italian, Spanish
fvi@bmalaw.com.br

 

 

New Perspectives – FPI Year End Update

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New Perspectives – FPI Year End Update

Tue, Jan 24, 2023  at 10:30 AM BRT (8:30 AM ET)

Program:

10:30- 10:50 Initial survey
10:50-11:10 Speaker: Guilaine Saroul (US)
11:10-11:20 Speaker: Emily Kirsch (US)
11:20-11:30 Speaker: Dianna Taylor (UK)
11:30-12:30 Q&A (20 min each for the questions below)
12:30-12:45 Final test (for Brazilians only)

Speakers:

Guilaine Saroul , PwC US
Emily Kirsch, PwC US
Dianna Taylor, PwC UK
Kieran McManus, PwC BR

Brazil exports to Arab nations hit 33-year high, agro products prevail

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Exports from Brazil to the 22 countries of the Arab League of nations generated record revenue of $17.7 billion in 2022, the highest since 1989, the Arab-Brazil Chamber of Commerce said on Thursday.The figure represents a 23.06% rise over the previous year and puts the Arab world as a key trade partner of the South American nation, which also does a lot of business with China and Europe.Arab countries of the Middle East and North Africa predominately buy agro products like meat and grains from Brazil. Sales of such goods represented 71% of the total exported by Brazil to the region, the Chamber said.

As in previous years, exports of Brazilian poultry to League countries stood out, rising by 26.35% in value as deals were not deterred by attempts to grow national production in the Middle East.Arab nations paid an average around $2,172 per tonne of Brazilian chicken in 2022, higher than $2,022 Brazil’s other clients disbursed, the Chamber said.

Reporting by Ana Mano; Editing by Aurora Ellis via Reuters

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Que venha 2023! Investimentos e atividades de Fusões e Aquisições

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Atividades de Fusões e Aquisições (Mergers & Acquisitions – M&A, em inglês) tiveram uma forte redução no ano de 2022 com números preliminares refletindo queda de mais de 19% em número de transações e aproximadamente 39% em volume transacionado. Transações de grande porte (big tickets) foram mais ocasionais e impactaram fortemente na redução de valor transacionado.

Os motivos são conhecidos. Incertezas econômicas com temas relacionados a inflação, taxas de juros e recuperação (ou recessão) das principais economias, a guerra da Rússia com Ucrânia, as quebras nas cadeias de fornecimento, as perspectivas do mercado chinês e, não menos importante, neste contexto todo, como se comportarão globalmente as curvas de oferta e demanda. Adicionam-se a estes temas, alterações em ambientes políticos e relações geopolíticas em vários países (EUA, América Latina, China, dentre outros) e a crescente relevância, e provocação junto a governos, reguladores, investidores e a sociedade aos temas ESG (Enviromental, Social and Governance), principalmente no ângulo de Enviromental.

E uma rápida guinada não pode ser esperada para 2023. Os fatores mencionados, embora não possam ser classificados como estruturais, são um grande desafio e não devem se resolver em curto prazo. A consequente volatilidade dos mercados de capitais, com recordes negativos de abertura de capital de empresas (IPO – Initial Public Offerreing), follow-ons ou mesmo o questionamento, ou baixa performance, dos modelos de investimentos estruturados como SPACs (Special Purpose Acquisition Companies), o aumento das taxas de juros e a incerteza econômica impactam diretamente as atividades de Fusões e Aquisições. Aumentos de taxas de juros geram consequências, não somente nos investimentos em expansão de capacidade produtiva, mas também no aumento da aversão dos investidores ao mercado de riscos e imediata alocação de recursos na categoria de renda fixa, onde maior estabilidade e previsibilidade, bem como garantia de retorno, estão presentes. Além disto, referida falta de previsibilidade e maior instabilidade, causaram a re-precificação dos ativos (empresas) – além e afetar o poder de compra de investidores, estratégicos ou financeiros, que, com o aumento do custo de financiamento (maior taxas de juros), aumenta o custo de fazer aquisições.

Por Alexandre Pierantoni via Kroll

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Medida Provisória altera regras de preços de transferência

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Norma dispõe sobre adoção de métodos e definições de partes relacionadas para alinhar as regras brasileiras aos padrões internacionais

A edição publicada em 29 de dezembro de 2022 do Diário Oficial da União tornou pública a Medida Provisória nº1.152 (MP 1152), que introduz alterações na legislação do Imposto sobre a Renda das Pessoa Jurídicas (IRPJ) e da Contribuição Social sobre o Lucro Líquido (CSLL) para dispor sobre as regras de preços de transferência.

A MP 1152 visa a alinhar as regras do país com os padrões internacionais. Trata-se do resultado de um processo amplo de tentativa de aproximação e adequação das normas brasileiras com o preconizado pela Organização para a Cooperação e Desenvolvimento Econômico (OCDE). Para tanto, houve a adequação ao princípio arm’s length e alterações em regras de preço de transferência que eram exclusivas ao Brasil.

Confira abaixo as principais previsões da MP 1152:

Novidades e disposições gerais

Arm’s Length

A MP 1152 adota o princípio do Arm’s Length para fins de determinação da base de cálculo dos tributos de que trata as operações sujeitas às normas de Preço de Transferência. De acordo com este princípio, os termos e as condições de uma transação controlada serão estabelecidos com base naqueles que seriam estabelecidos entre partes não relacionadas em transações comparáveis.

Neste sentido, sua aplicação exige a delimitação da transação controlada (ou seja, a transação sujeita as regras de Preço de Transferência) e a análise de comparabilidade da transação controlada com as operações com partes não relacionadas (i.e., transações não controladas).

Via Mattos Filho

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Brazil to play lead role on climate change policy -environment minister

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Brazil will not shy away from playing a leading role in addressing climate change and the impending emergency the world is facing, new environment minister Marina Silva said on Wednesday.

Silva announced the creation of an extraordinary secretary to end deforestation and plans to set up a climate authority within the administration of President Lula da Silva.

Lula took office on Sunday pledging to stop deforestation in the Amazon, a vital biome to curb climate change. He quickly revoked policies of his far-right predecessor Jair Bolsonaro who eased environmental protection and allowed the rate of deforestation to surge to a 15-year-high on his watch.

Reporting by Lisandra Paraguassu; Writing by Peter Frontini; editing by Grant McCool via Reuters

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Bank floats $10 bln Brazilian bond plan to halt Amazon deforestation

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Strategists at a UK bank have proposed the idea of a super-sized $10 billion Brazilian government bond that would be specifically designed to help halt the destruction of the Amazon rainforest.

Stopping deforestation of the Amazon, which absorbs vast amounts of planet-warming greenhouse gas, is part of Brazilian President-elect Luiz Inacio Lula da Silva’s sweeping plan to reclaim leadership on climate change measures.

He has recently asked the United States, Britain, France, Switzerland and Canada to join an international Amazon protection fund set up during his first 2003-10 administration and has made a firm commitment to zero deforestation by 2030.

To help stick to that pledge, strategists at NatWest have proposed what would be the world’s biggest ever ‘sustainability-linked bond’ – a special type of government debt that would have an explicit promise to protect the rainforest.

By Marc Jones via Reuters

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“PROPRIEDADE INTELECTUAL”: E-BOOK TRAZ ARTIGOS SOBRE PATENTES, METAVERSO, DIREITO AUTORAL E MAIS

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Nosso time de Propriedade Intelectual preparou um e-book com artigos sobre questões atuais que dizem respeito a patentes, direitos autorais, marcas e mais. Confira abaixo os textos dos nossos profissionais ou clique aqui para fazer download do material completo.

Roadmap de Propriedade Intelectual para Empresas Estrangeiras no Brasil

Por Antonella Carminatti, André de Moura Reis e Fernanda Quental

Muitas empresas estrangeiras, ao vislumbrarem sua expansão para outros mercados, negligenciam aspectos que podem afetar significativamente seus negócios, entre eles a proteção de seus ativos de propriedade intelectual diante das legislações locais. É comum que, durante a definição de territórios de interesse para proteção, não sejam levadas em conta especificidades legais de cada um, frustrando expectativas de posicionamento de mercado e retorno sobre investimentos realizados.

A importância dos Segredos de Negócio em Operações de Fusão e Aquisição

Por Pedro Barroso e Tathyana Candu

Apesar de não ser objeto de definição legal, o segredo de negócio é amplamente reconhecido pela doutrina e jurisprudência.

Direito Autoral em obras arquitetônicas: investigação de plágio

Por Pedro Barroso e José Humberto Deveza Assola

A Lei de Direitos Autorais (Lei n. 9.610/1998) protege, como obras intelectuais, “criações do espírito, expressas por qualquer meio ou fixadas em qualquer suporte, tangível ou intangível, conhecido ou que se invente no futuro”, dedicando especificamente o inciso X do art. 7º aos projetos, esboços e obras plásticas concernentes à arquitetura.

Exceções aos Direitos Autorais: Quais são os limites para as citações?

Por Raysa Vital Brazil e Tathyana Candu

São consideradas obras autorais as criações do espírito, desde que sejam expressas por qualquer meio ou fixadas em qualquer suporte. A proteção da obra autoral nasce no momento de sua criação, independe de registro e perdura por 70 anos contados a partir de 1° de janeiro do ano  subsequente ao falecimento de seu autor ou ao de sua divulgação, dependendo da modalidade da obra.

Direito de imagem de coadjuvantes em obras biográficas

Por Pedro Barroso e José Humberto Deveza Assola

O Supremo Tribunal Federal, ao julgar em 2015 a Ação Declaratória de Inconstitucionalidade nº 4.815, que dizia respeito a interpretação dos arts. 20 e 21 do Código Civil no contexto de publicações  biográficas, entendeu pela priorização da liberdade de informação e da criação artística, ressaltando a inexigibilidade de consentimento da pessoa biografada e, ainda, a desnecessidade de autorização de pessoas retratadas na obra como coadjuvantes.

O peso das características técnico-funcionais no exame de desenhos industriais

Por Ana Cristina Müller e André de Moura Reis

No Brasil, desenhos industriais têm certas limitações para sua proteção, conforme definido pela Lei de Propriedade Industrial. Por exemplo, objetos ou padrões ornamentais contrários à moral e aos bons costumes ou contrários à liberdade de consciência ou de crença não são registráveis como desenhos industriais.

Interpretação atual do Artigo 32 da Lei de Propriedade Industrial e suas consequências

Por Ana Cristina Müller e Lilian Ghitnick Arcalji

Quando um pedido de patente é depositado, a data de depósito estabelece o marco temporal para definição da matéria inicialmente revelada, ou seja, aquela que indica a invenção que se deseja proteger via patente.

Alterações do Novo Marco Cambial (Lei nº 14.286/21) e seus Impactos em Contratos de Tecnologia

Por Jana Fraccaroli e Roberta de Melo Doyle Maia

O Novo Marco Cambial evidencia a intenção do legislador de desburocratizar a remessa de royalties ao exterior e facilitar a transferência de tecnologia entre o Brasil e outros países.

Marcas de Luxo no Ambiente Digital

Por Fernanda Quental e Jana Fraccaroli

O mercado global de produtos e serviços de luxo continua ganhando destaque e apresentando crescimento, mesmo com os impactos econômicos causados pela pandemia de Covid-19. A procura pelo luxo segue forte e com grande projeção de crescimento global graças à sua grande capacidade de adaptação e inovação.

Patentes e o Metaverso – Tecnologias para o Desenvolvimento de Plataformas

Por Ana Cristina Müller e Valter Silva Couto

Em 13 de setembro de 2022, a Justiça Federal da Paraíba (JFPB) estabeleceu interessante precedente em uma audiência de conciliação: foi a primeira vez no Brasil que uma audiência foi realizada “dentro do Metaverso”.

Inteligência Artificial no Setor de Saúde e Propriedade Intelectual

Por Gustavo Vieiralves, Letícia Viana e Lilian Ghitnick Arcalji

No campo do “machine learning”, a participação do ser humano ocorre, por exemplo, na determinação da qualidade de dados escolhidos ou na forma de programar um algoritmo.

Patentes de interesse de Defesa Nacional – Perspectiva Brasil e França

Por Antonella Carminatti e Gabriel Viana Souza

O artigo 75 da Lei de Propriedade Industrial (Lei 9.279/96) assegura ao Estado o direito de intervir no processamento de pedidos de patentes e/ou na exploração de patentes que envolvam invenções que possam afetar a Segurança Nacional, desde que tais pedidos tenham sido depositados prioritariamente no Brasil. Invenções na área da indústria bélica ou nuclear, entre outras, podem ser citadas como exemplos de casos que podem ser incluídos neste dispositivo.

Via BMA Advogados

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Brazilian Startup Program Elevates Innovative Entrepreneurs and Forges Exciting Investment Opportunities with U.S. Venture Capitalists

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The recently refreshed Startup Outreach Brasil program kicked off in Chicago, with more cities to come in 2023 and beyond

ApexBrasil, The Brazilian Trade and Investment Promotion Agency, together with the Brazilian Ministry of Economy, Brazilian Ministry of Foreign Affairs, Sebrae (Brazilian Micro and Small Enterprises’ Support Service), and Anprotec (National Association of Entities Promoting Innovative Enterprises), recently announced the debut of the newly branded Startup Outreach Brasil Program. Over the past six years, Startup Outreach Brasil has selected high-growth Brazilian startups to receive personalized internationalization support. The program has successfully introduced Brazilian startups to several innovation ecosystems around the world that are growing in importance and prominence. Introduced during the program’s latest session in Chicago, the brand refresh represents Startup Outreach Brasil’s mission to educate the venture capital community about the innovative young companies coming out of Brazil, while also providing participating entrepreneurs with training and support to better understand conducting business ventures abroad.

Over the past decade, Brazil’s startup sector has earned the attention of the global investment community and experienced incredible growth. Specifically, more than 22,300 startups have launched in Brazil since 2015, and 30 startups have earned “unicorn” status since 2018, which represents companies that are valued above USD $1 billion. As a result, Brazil has become the largest startup economy in Latin America and attracted USD $9.43 billion in funding rounds in 2021 alone.

Via Yahoo!

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Latham Named Law Firm Corporate Practice of the Year by the American Lawyer

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Latham topped seven finalist firms and earned recognition across categories, including in the Energy and Technology/Telecommunications sectors and Corporate Attorney of the Year.

The American Lawyer (AmLaw) named Latham & Watkins the 2022 Law Firm Corporate Practice of the Year at the publication’s annual Industry Awards. AmLaw selected Latham as the best among seven leading law firm finalists. The awards honor “those lawyers, business professionals, law firms, and organizations that are elevating the profession to new heights” and “shine a light on the best of the best—those firms that clients should call with their critical corporate work.”

In a feature article, AmLaw said: “Latham & Watkins’ evolution into a corporate leviathan was a deliberate, drawn-out path built on scope and scale, strong talent acquisition and the ability to work on matters for clients small and large in a variety of capacities. That investment culminated, over the second half of 2020 and through 2021, in perhaps one of the greatest runs a Big Law corporate department has ever seen.”

Latham was a finalist in four of AmLaw’s corporate practice categories, the most of any law firm, including:

  • General/Overall achievement across a firm’s transactional work
  • Corporate Attorney of the Year, which featured Bay Area Office Managing Partner Tad Freese as a finalist

Via Latham & Watkins

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United Airlines makes big Boeing order, includes 100 787 Dreamliners

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United Airlines (UAL.O) said Tuesday it is ordering 100 Boeing (BA.N) 787 Dreamliners and 100 737 MAXs as it pushes for post-pandemic growth and replaces older, less-efficient aircraft.

The Chicago-based airline’s order for 200 airplanes is worth about $43 billion at list prices and represents a big boost to the U.S. planemaker after political and production issues for the two planes this year.

United said its new order of 100 737 MAX airplanes includes exercising options to purchase 44 737 MAX aircraft for delivery between 2024 and 2026 and had ordered 56 more MAX aircraft for delivery between 2027 and 2028 and now 443 MAXs on order.

United’s big bet on the 787 reflects expectations for continued rising demand for long-haul travel and a desire to replace older airplanes. Boeing said it was the biggest Dreamliner order, while United said it represents the largest widebody order by a U.S. carrier.

By David Shepardson via Reuters

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PwC anuncia aquisição do AgTech Garage, maior hub de inovação aberta do agronegócio no Brasil

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Compra reforça estratégia global, que prevê investimentos superiores a R$ 1 bilhão ao longo de 5 anos no Brasil 

A PwC, gigante mundial em serviços profissionais, anuncia hoje a aquisição do AgTech Garage, maior hub de inovação aberta do agronegócio no Brasil e um dos maiores do mundo. Fundado em 2017, o hub conta com mais de mil startups conectadas a centenas de clientes de toda cadeia do agronegócio, atuando como protagonista de inovação aberta do setor. A aquisição reforça a importância do Brasil no agronegócio global e reafirma o foco da PwC no setor, onde já é líder inconteste.

“Tecnologia e inovação são fundamentais para apoiar nossos clientes em diversas oportunidades e desafios que se apresentam diariamente no setor, sendo o principal deles, o de alimentar um mundo em constante mudança e crescimento populacional, de forma sustentável”, diz Marco Castro, CEO da PwC Brasil. “Temas como biotecnologia, rastreabilidade, eficiência operacional, data analytics, conectividade no campo, foodtechs, agro fintechs, descarbonização, proteínas alternativas, transição energética, ESG,  entre outros, estão na agenda dos principais tomadores de decisão das empresas do Agro”, reforça.

Via PwC

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Five Lessons From Brazil For Implementing FedNow

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The Federal Reserve has just entered the testing phase of its new instant payment service, FedNow. Inspired by the Brazilian system, Pix, FedNow aims to revolutionize how North Americans send and receive money, and it places all eyes on the world’s largest economy on the subject of payment innovation.

Banks will have less than a year to prepare for the launch of the long-awaited FedNow. While it’s not yet clear exactly how it works, the Federal Reserve’s vice president, Lael Brainard, said that the success of the system will depend on industry stakeholders—financial institutions, core service providers, software companies and application developers—devoting the appropriate resources to making the system viable for consumers before its launch, which should take place next summer.

These stakeholders must devote effort, time and money into innovation and technology. Through a robust and reliable software development framework, financial institutions should be able to offer a quality service that meets the needs of today’s world, especially in terms of digital processes, automation and digital wallets.

Lessons From The Brazilian System

As stated, Pix is the basic model for FedNow. Launched in 2020, Pix is now operated by more than 770 institutions, according to Bacen (Central Bank of Brazil). Adjustments happened quickly with its implementation, meaning that institutions had to use agile and specialized methods with clearly defined scopes and assertive planning that maximized value.

By Mateus Hernandes Rodrigues via Forbes

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Maratona Amazônica: como o Brasil pode liderar a economia de baixo carbono, segundo novo relatório

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Documento desenvolvido pela Systemiq Brasil com organizações multilaterais, setor privado, cientistas e comunidades originárias indica formas de impulsionar desenvolvimento da região

O Brasil pode se tornar a primeira grande economia – de média ou alta renda – a alcançar a neutralidade de carbono nos próximos 8 anos e, ao mesmo tempo, acelerar o seu crescimento econômico em US$ 100 bilhões a US$ 150 bilhões anuais ao PIB adicionais ao ritmo de crescimento atual (2,5%/ano). Com isso, o país seria um exemplo concreto ao mundo de prosperidade econômica sustentável para as próximas décadas, modelo que pode inspirar todo o Sul Global.

É o que mostra um relatório apresentado nesta quarta-feira (9) na Conferência das Nações Unidas sobre as Mudanças Climáticas – a COP27, no Egito. Chamado “The Amazon’s Marathon: Brazil to lead a low-carbon economy from the Amazon to the world” (A Maratona Amazônica: Brasil pode liderar economia de baixo carbono da Amazônia para o mundo), o documento é um plano de desenvolvimento econômico que apresenta análises sobre o potencial da região ao calcular a oportunidade financeira por trás das estratégias de mitigação de emissões de gases efeito estufa (GEE) e destacar projetos escaláveis que promovem uma nova abordagem baseada na natureza, centrada em pessoas e positiva para o meio ambiente.

Por Guilherme Justino, via Um Só Planeta

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China certifies Embraer jet that could take on homegrown model

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Brazilian planemaker Embraer SA (EMBR3.SA) said on Thursday that China’s aviation regulator had certified its E190-E2 regional jet for operations in the country, a move that would allow it to compete against China’s homegrown ARJ21 regional jet.

China had been slow to certify the latest generation of Western jets and turboprops that compete against domestic-made equivalents, though this week the ATR42-600 turboprop also was granted certification during Airshow China in the southern city of Zhuhai.

The E190-E2, a more fuel-efficient of the older E190 that already operates in China, can seat up to 114 passengers and was certified in Brazil, the United States and Europe in 2018.

The capacity compares with the 90-seat ARJ21 regional jet and 168-seat C919 narrowbody jet produced by Commercial Aviation Corp of China (COMAC).

Embraer said in a statement that the E190-E2 and the larger E195-E2 that can seat up to 146 passengers complemented the ARJ21 and C919 in terms of capacity.

Reporting by Sophie Yu in Beijing and Jamie Freed in Sydney; Editing by Muralikumar Anantharaman and Christian Schmollinger via Reuters

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Agritalks – Green Finance in Brazil: New Developments and Opportunities

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The in-person event “AgriTalks – Green Finance in Brazil: New Developments and Opportunities”, where Brazilian government officials and representatives of the private sector from both Brazil and the U.S. will discuss the current state, perspectives and opportunities for the green finance market in Brazil.

The seminar will take place at the Consulate General of Brazil, on November 17th,from 9:00 a.m. to 1:00 p.m. There will be a Q&A session, in addition to a coffee break and reception at the end of the event.

Agritalks – New York

Green Finance in Brazil: New Developments and Opportunities

New York, November 17th, 2022

Program:

Registration (9:00-9:30)

Welcome Speech (9:30-9:35)

• Ambassador Maria Nazareth Farani Azevêdo, Consul General of Brazil in Nova York

Keynote Speech (09:35 – 09:55)

• Fernando Sardenberg Zelner Gonçalves – Deputy Secretary for Trade and International Relations, Ministry of Agriculture, Livestock and Food Supply – MAPA

Panel 1 – New Instruments and Regulations in the Brazilian Green Finance Market (09:55-10:45)

• José Angelo Mazzillo Junior – Secretary for Agriculture Policy. Ministry of Agriculture, Livestock and Food Supply – MAPA

• Thatyanne Gasparotto – Director, Green & Sustainable Financing Solutions, Natixis CIB Americas

• Lucio Feijó Lopes – Senior Partner, Feijó Lopes Advogados

• Leisa Souza – Head LatAm, CBI

• Moderator: Professor Sidney Nakahodo – Columbia University, School of International and Public Affairs

Coffee Break (10:45-11:00)

Panel 2 – Opportunities for Investment in Green Finance in Brazil (11:00 – 11:50)

• Marcela Porto Costa – Sustainability Expert, Santa Brígida Farm

• Eliza G. Pepper – Head of Advisory & Wealth Planning LatAm, UBS

• Maurício Bauer – Director of Sustainability, JBS

• Leticia Phillips – Representative for North America, Brazilian Sugarcane Industry Association – UNICA

• Moderator: Amy Wu, Journalist, Columbia University

Questions and Answers (11:50-12:15)

Reception (12:15- 13:00)

REGSITER NOW

“DAOS: DESAFIOS JURÍDICOS DAS ORGANIZAÇÕES AUTÔNOMAS DESCENTRALIZADAS”: CONFIRA OS ARTIGOS DO E-BOOK

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​DAOs: uma introdução

Por Felipe Palhares

DAOs permitem a participação de um número expressivo de indivíduos, localizados em qualquer lugar ao redor do mundo, superando barreiras geográficas e complicações organizacionais, garantindo que qualquer participante possa ter voz e orientar as atividades que serão realizadas pela organização

O que são DAOs?

Por Felipe Palhares

De partida, vale frisar que uma DAO, na prática, nada mais é do que um algoritmo

Modelos de governança para DAOs

Por Felipe Palhares e Fernanda Villela Viana

Existem diversos modelos de governança que podem ser adotados de acordo com as definições que forem estabelecidas nos smart contracts

Estruturação societária de DAOs no Brasil

Por Christopher Zibordi e Daniel Falcão de Paula Soares

Será preciso evoluir e aprofundar as discussões de forma a conceder às DAOs certa legitimidade de que precisam para melhor se estabelecerem e evoluírem como estruturas alternativas

Estruturação Societária de DAOs no exterior

Por Felipe Palhares e Arthur Pichelli Ueda

Em algumas jurisdições, já existem frameworks que têm sido comumente utilizados por fundadores de DAOs para a sua estruturação jurídica

Tokens de DAOs, contratos de investimento coletivo e valores mobiliários

Por Camila Goldberg, Felipe Palhares e Luis Eduardo Al-Contar

Antes de iniciar uma DAO, é fundamental que seus fundadores avaliem se os tokens de governança a serem emitidos podem vir a ser considerados valores mobiliários de acordo com a legislação

Tokens de DAOs e as possíveis penalidades aplicáveis pela CVM

Por Daniella Fragoso e Fernanda Pereira Carneiro

Atualmente não existe norma específica tratando do regime legal aplicável às emissões de tokens de DAOs, o que não implica dizer que não há regulamentação que contemple o tema

Qual país tem competência para tributar as transações das DAOs?

Por Thais de Barros Meira e Ana Carolina P. de Mello

A tributação deve recair sobre as DAOs ou diretamente sobre os rendimentos e ganhos de capital dos associados?

Os desafios na aplicação das leis trabalhistas brasileiras em Organizações Autônomas Descentralizadas

Por Cibelle Linero e Larissa Medeiros Rocha

Essa forma de trabalho se aproxima a outro conceito já previsto na legislação trabalhista brasileira: as cooperativas

Financiamento e geração de ativos de Propriedade Intelectual por meio das DAOs

Por Ana Cristina Müller e Valter Silva Couto

Um grande desafio destas novas possibilidades são as dúvidas que certamente suscitam. Por exemplo, a quem pertencem os direitos de PI em criações que se originarem nas DAOs?

As DAOs e alguns desafios para a solução de conflitos

Por Felipe Galea, Iara Conrado, Milena Arbízu e Marcos Salgado

A descentralização e a autonomia desse tipo de organização diminuem esforços individuais e tornam o processo de decisão mais célere. Sob outra perspectiva, geram dúvidas e incertezas

DAOs no mercado brasileiro e boas práticas de Compliance e PLD

Por Anna Carolina Malta Spilborghs e Jean Daniel Demattio Jaldin

É justamente deste contrato inteligente da DAO que surge a vantagem de as execuções não necessitarem uma ação humana ou um intermediário

Diligência Legal em operações de M&A envolvendo DAOs

Por Adriana Dib Fuzinato, Ellen Juste Nuñez e Thaís Xavier

Além da diligência legal, em se tratando de um ativo digital, é recomendável conduzir diligência técnica, pois em muitos casos os termos de criação das DAOs preveem que o código é a lei

DAOs e Proteção de Dados Pessoais

Por Felipe Palhares e Bárbara Iszlaji

É importante discutirmos se as DAOs tratam dados pessoais e, portanto, estão sujeitas às legislações de proteção de dados pessoais

Smart Contracts e a problemática frente às relações complexas das DAOs

Por Fernanda Villela Viana

De forma geral, nas DAOs, os smart contracts são utilizados para definir regras, estruturar operações e gerenciar relações. A execução das DAOs, portanto, não é pautada em sistemas jurídicos

DAOs e cybersecurity

Por Felipe Palhares

Uma falha no código pode colocar em risco todos os recursos mantidos na tesouraria da DAO, assim como expor seus membros

O futuro das organizações

Por Felipe Palhares

Na ausência de respectiva regulamentação, os imbróglios precisarão ser solucionados com base nas especificidades dos casos concretos que sejam apresentados

Via BMA Advogados

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Meet our New Member Matera

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For more than 30 years, Matera has been providing state-of-the-art technology to financial institutions. The largest global banks use Matera’s proven core banking and payments solutions as well as 50 of 150 banks in Brazil. Their Pix instant payments solution processes nearly 2 billion transactions per month and is being adapted for the U.S. market in support of FedNow. Their innovative Digital Twin software enables banks to offer 24X7 real-time transaction processing without replacing their core banking solution.

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Brazil Producing 3,967 Million Barrels Of Oil And Gas Per Day

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Brazil’s oil and natural gas production in August reached 3.967 million barrels of oil equivalent per day (Mmboe/d), which corresponds to 3.087 million barrels per day (MMbbl/d) of oil and 139.96 million cubic meters per day (MMm3/d) of natural gas.

The preliminary figures were released earlier this week, in Rio de Janeiro, by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), in the Dynamic Panel of Oil and Natural Gas Production.

In the pre-salt area, production stood at 2.966 Mmboe/d. The volume corresponds to 74.8 percent of the country´s total production. A good part of it was obtained in the Tupi field, namely 1.046 MMboe/d, equivalent to 26.4 percent of the total production in the country.

By Cristina Índio do Brasil via Eurasia Review

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Latham & Watkins Honored With Seven LatinFinance Project & Infrastructure Finance Awards

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The deal and legal advisor of the year awards recognize Latham’s extensive services and prowess in Latin America.

Latham & Watkins was recognized as the Infrastructure Law Firm of the Year for the Southern Cone region of South America in the 2022 LatinFinance Project & Infrastructure Finance awards, highlighting the firm’s groundbreaking and innovative work in the countries of Argentina, Chile, Paraguay, and Uruguay. Since launching in 2013, the awards have celebrated the most impressive transactions and institutions in fields critical to Latin America’s economic progress.

LatinFinance also recognized Latham’s work in six individual categories:

  • Infrastructure Financing of the Year, Southern Cone – Chacao Plus: advised Chilean energy company GM Holdings S.A. on a US$980 million concurrent bank and bond project financing for a portfolio of existing and new-build electricity generation assets in Chile
  • Renewable Energy Financing of the Year – GIP Patagonia/Chile Renewables: advised on GIP Patagonia project financing in connection with the acquisition of Chile Renovables SpA, a portfolio of renewable wind and solar generation projects located in Chile
  • Digital Infrastructure/Telecoms Financing of the Year – KKR’s Telefónica Acquisition: advised Telefónica on its approximately US$1 billion sale of its fiber optic network in Chile to KKR
  • Road Financing of the Year – Rio Magdalena 2: advised multiple parties in the multi-source financing for the 4G toll road in Colombia, which will be used to develop 153 km of roll roads
  • Infrastructure Financing of the Year, Andes – Rumichaca Pasto 4G Toll Road: advised multiple parties on the approximately US$906 million multi-source financing for the construction, operation, and maintenance of approximately 83 km of toll roads in the Department of Nariño under Colombia’s 4G program
  • Infrastructure Financing of the Year, Brazil – Smart Luz Financing: advised Goldman Sachs on a DFC-guaranteed sustainability bond for Brazilian public lighting and “Smart Luz” smart city services project

“These recognitions demonstrate the high-quality counsel we continually provide our clients and the depth and diversity of our services focused on Latin America,” said Tony Del Pino, Global Chair of Latham’s Latin America Practice.

Latham’s work in Latin America was also recently recognized in the Latin Lawyer 250 as a leading business law firm contributing to the region’s economic growth.

Via Latham & Watkins

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Brazil’s Azul aims to increase flight routes by 30% in 2023, CEO says

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Brazilian airline Azul expects to expand its routes by 30% next year, with plans to add new slots at Sao Paulo’s Congonhas airport, one of the busiest in the country, Chief Executive Officer John Rodgerson said.

In an interview on Thursday at the company’s headquarters on the outskirts of Sao Paulo, Rodgerson said Azul currently has only 26 slots in Congonhas, whereas its rivals Gol (GOLL4.SA) and LATAM Airlines (LTM.SN) each have around 250.

“The new rules are fairer,” he said, referencing national aviation regulator ANAC’s decision in July to distribute 86 slots at Congonhas to increase competition, with 45 new slots and 41 previously used by bankrupt Avianca Brasil.

Bradesco BBI analysts estimated last month that nearly all the new slots – 84 of 86 – would go to Azul, allowing the company’s presence in the airport to grow fourfold.

Rodgerson expects to start selling tickets for flights from the new slots beginning in March.

By Aluisio Alves via Reuters

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Brazilian Environmentalist Professor Paulo de Bessa Antunes Named Recipient of the 2022 Elisabeth Haub Award for Environmental Law and Diplomacy

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Paulo BessaThe Elisabeth Haub School of Law at Pace University has announced that the 2022 Elisabeth Haub Award for Environmental Law and Diplomacy will be awarded to Professor Paulo de Bessa Antunes, an environmental scholar and leading professor of environmental law at Universidade Federal do Estado do Rio de Janeiro, and head of the Environmental Practice of Campos Mello Advogados (Brazil). Professor de Bessa Antunes was also a Haub Visiting Scholar at the Elisabeth Haub School of Law in the spring of 2019.

Professor Bessa will receive the 2022 Award in recognition of his tireless advocacy to support the development and implementation of laws protecting the environment in Brazil, including filing several successful lawsuits to protect the environment over the three decades he worked in the Federal Public Prosecution Service. These lawsuits resulted in the establishment of the Reserva Beach protected area in Rio de Janeiro; the destruction of highly toxic PCBs (polychlorinated biphenyls), so that they were not released into the environment; and the abandonment of plans to construct a bridge in indigenous territory over the objection of the indigenous Xerente. In gratitude, the Xerente presented him with an honorary citizenship.

Professor Bessa is a leading contributor to, proponent, and defender of the environmental rule of law in Brazil. He is the author of several books, including the seminal text Direito Ambiental, and articles and his work is regularly cited by Brazilian courts, including the Supremo Tribunal Federal (Federal Supreme Court). He is also influential in influencing public environmental policy, exhibiting courage and leadership by co-authoring an open letter critiquing political rollbacks in Brazilian environmental policy. He has taught, mentored, and inspired generations of students and young lawyers to care for their country’s environmental heritage through law.

The prestigious Elisabeth Haub Award for Environmental Law and Diplomacy was established in 1997 by the Elisabeth Haub School of Law at Pace University, in cooperation with the Haub Family, to honor the legacy of Elisabeth Haub (1899–1977), a noted philanthropist and advocate for strong laws for the conservation of nature. The award is chosen yearly by an esteemed jury of individuals and was first established to commemorate the 25th anniversary of the United Nations Stockholm Conference and the 5th anniversary of the United Nations Rio de Janeiro Earth Summit.

“The Elisabeth Haub School of Law’s No. 1 ranked environmental law program continues to train lawyers to understand the intersection between climate justice, the environment and the law,” said Haub Law Dean Horace E. Anderson Jr. “We are honored this year to recognize Professor Paulo de Bessa Antunes for his pioneering work in the protection of the environment in Brazil, especially at such a critical moment with rising levels of illegal deforestation in Brazil’s Amazon rainforest.”

“We are honored to present Professor Bessa with the Elisabeth Haub Award for Environmental Law and Diplomacy. His exemplary contributions as an innovator, author, leader, and fearless champion of environmental and indigenous rights issues embodies the very spirit of Elisabeth Haub’s advocacy,” said Jason Czarnezki, Associate Dean of Environmental Law Programs and Strategic Initiatives, and Gilbert and Sarah Kerlin Distinguished Professor of Environmental Law. “His achievements in the field are unparalleled.”

“The Elisabeth Haub Award for Environmental Law and Diplomacy recognizes the innovation, skill, and accomplishments of lawyers, diplomats, international civil servants and other advocates who work to create the world environmental order,” said Pace University Trustee Liliane A. Haub. “It is our hope that with this award, we are making a statement in support of those individuals and communities who are fighting to create a more sustainable planet.”

The ceremony for the 2022 Elisabeth Haub Award for Environmental Law and Diplomacy honoring Professor Paulo de Bessa Antunes will take place on Tuesday, November 8th, from 6:00 p.m. – 7:00 p.m. EST at the Elisabeth Haub School of Law at Pace University, and be broadcast virtually to accommodate a global audience. Attendees may choose whether to attend in person or virtually.  REGISTER HERE.

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Cosan adquire fatia de 4,9% de ações da Vale e quer mais

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Companhia afirma que a participação na mineradora faz parte de uma estratégia de diversificação de portfólio

O conglomerado Cosan anunciou nesta sexta-feira (7) que adquiriu participação de aproximadamente 4,9% do total de ações ordinárias de mineradora Vale, em movimento que busca diversificar a atuação da empresa em setores nos quais o Brasil tem vantagem competitiva.

O valor da fatia adquirida na Vale, com base no preço de fechamento da ação da mineradora de quinta-feira (6), gira em torno de R$ 17 bilhões.

A companhia acrescentou que ainda pretende aumentar sua participação acima do percentual já adquirido e buscará imediatamente a aprovação do Conselho Administrativo de Defesa Econômica (Cade).

REUTERS/Amanda Perobelli via Forbes Brasil

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Principais economias vivem ciclo de alta de juros, enquanto Brasil discute queda

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Conforme ciclos de aperto monetário se aproximam do que se espera ser metade do caminho, bancos centrais de todo mundo ensaiam movimento de calibragem

Galopante mundo afora, a inflação impacta diretamente um dos fatores mais determinantes no desempenho do mercado acionário: a taxa de juros.

Conforme os ciclos de aperto monetário se aproximam do que se espera ser a metade do caminho, bancos centrais de todo o mundo ensaiam um movimento de calibragem sobre o nível de agressividade dos ajustes daqui para frente para domar a inflação.

O Banco da Reserva da Austrália (RBA, na sigla em inglês), por exemplo, moderou a alta na taxa de juros na última terça-feira (4): ao invés de optar por um aumento de 50 pontos-base, como esperava boa parte dos analistas de mercado, abrandou a subida a 25 pontos-base, a 2,60%.

A justificativa para a decisão do banco central australiano reside na estratégia de avaliar o impacto que as últimas quatro altas tiveram sobre a economia e, sobretudo, na inflação, que atingiu o patamar de 6,8% em agosto.

O Brasil, por outro lado, já não vive mais esse cenário. Embora a taxa Selic seja a maior do mundo em termos de juros reais, a 13,75% ao ano, ela já atingiu seu pico — e, agora, a dúvida paira sobre quando é que ela começará a cair.

By Tamara Nassif do CNN Brasil Business, Thais Herédia e Priscila Yazbekda CNN em São Paulo via CNN Brasil

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Fundação Dom Cabral lança Índice de Confiança das Médias Empresas – ICME

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O indicador analisa variáveis como o custo do negócio e a dinâmica setorial e se torna uma importante ferramenta para orientar a adoção de estratégias que influenciam a performance do negócio e, consequentemente, a geração de empregos e renda.

Apesar das incertezas e dos desafios econômicos, políticos e sociais, os empresários das empresas de médio porte do país mantêm um bom nível de confiança em relação ao futuro de seus negócios. O otimismo foi aferido pela Fundação Dom Cabral (FDC) em levantamento realizado entre junho e julho deste ano, que contou com a participação de 1.133 empresários de médias empresas e foi divulgado no final de setembro.

Para traçar esse panorama, a FDC criou o Índice de Confiança das Médias Empresas (ICME), que considera a média da avaliação da condição atual (ICA) e, também, a expectativa futura (IEF) do ambiente de negócio. Nesta primeira apuração, o índice atingiu uma média de 46 pontos, dentro de uma escala de 0 a 100, com o ICA em 42 pontos e o IEF em 50.

Entre os fatores que reduziram a confiança do empresariado, tanto em relação às condições atuais (ICA) quanto às expectativas futuras (IEF) estão a instabilidade econômica do país, a turbulência no ambiente político e social e os custos do negócio. Ainda assim, os empresários avaliam bem o cenário atual e estão otimistas com relação às condições da empresa, aos volumes de venda (demanda), ao ambiente competitivo e aos impactos que as transformações tecnológicas devem provocar nos próximos meses.

Via CNN Brasil

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João Carlos Martins – Visiting Presenter at Carnegie Hall

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Presented by MUSICA CODETTA

João Carlos Martins, Piano and Conductor, with NOVUS NY

60 years after making his Carnegie Hall debut, Brazilian pianist and conductor João Carlos Martins, a 20th century Bach interpreter, returns to Stern Auditorium/Perelman Stage. He leads NOVUS NY in a program focusing on the music of Bach, the late pioneering 20th century Brazilian modernist Heitor Villa-Lobos, and Brazilian composer André Mehmari.

Via Carnegie Hall. Click here to learn more and get tickets

PROGRAM

Brandenburgo Concerto # 3 in D major
BWV 1048 (J.S. Bach)

Brandenburgo Concerto # 1 in F Major
BWV 1046 (J.S. Bach)

Jesu, Joy of Man’s Desiring
Cantata BWV 147
(J.S. Bach / Heitor Fujinami)

Bachianas Brasileiras No. 4
W264 – 424 (Heitor Villa-Lobos)
Prelúdio

Portais Brasileiros No. 2
(André Mehmari)
Cirandas

Saturday, November 19, 2022 7 PM
Stern Auditorium / Perelman Stage at Carnegie Hall
Tickets: $75 / $50 / $30 and $10 for students (with I.D.)
João Carlos Martins, Piano and Conductor, with NOVUS NY
carnegiehall.org | CarnegieCharge 212-247-7800 | Box Office at 57th and Seventh

Brazilian farmers planting soybeans at faster pace, consultancies say

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Brazilian farmers are sowing soybeans at a faster pace this season, according to estimates from two agribusiness consultancies on Monday.

They cited significant advances in the state of Parana and progress in the pace of sowing in the state of Mato Grosso, the largest producer of soybeans in Brazil, as driving the trend.

Safras & Mercado estimates 2% of the national soybean area has been planted so far for the 2022/2023 cycle, more than twice as much as last year’s 0.8% of the area and above the historical average of 0.8% for this point in the season.

Consultancy AgRural estimates farmers had planted 1.5% of the soybean area in Brazil, compared with 1.3% for the same period last year.

Reporting by Ana Mano; Editing by Paul Simao via Reuters / Yahoo! Finance

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O Brasil e as oportunidades da economia verde

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A realidade imposta pelo aquecimento global tem mexido com o tabuleiro da economia e da geopolítica internacionais. A mudança climática, maior desafio a ser enfrentado pelas atuais gerações, tem exigido uma verdadeira reinvenção de hábitos. Se não mudarmos o modo como agimos e/ou fazemos negócios, estaremos fadados a entregar um Planeta Terra esgotado para nossos netos e bisnetos.

Assim, andar sobre os trilhos da economia verde deixou de ser uma opção e se tornou uma exigência para mitigarmos os impactos climáticos. E estamos correndo contra o relógio.

Aprendemos com a história que as crises, por mais graves e sofridas que sejam, ainda assim trazem aprendizados e oportunidades. E esta nova era, que nos inquieta com preocupações acerca da sociedade do hoje e do amanhã, também é capaz de impulsionar o desenvolvimento por meio da sustentabilidade.

Inspirado nas palavras de Pedro Passos, fundador da Natura, o Brasil, que já desperdiçou grandes oportunidades ao longo das décadas, não pode deixar mais este bonde passar.

By Paulo Hartung via CNN Brasil

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Brazil National Day

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PRESS STATEMENT

ANTONY J. BLINKEN, SECRETARY OF STATE

SEPTEMBER 7, 2022

On behalf of the United States of America, I congratulate the people of Brazil on the 200th anniversary of your independence on September 7th.

As the two largest democracies in the Western Hemisphere, the United States and Brazil share a commitment to support democracy throughout the region and demonstrate its benefits for all people. The United States and Brazil continue to work on deepening our vital strategic and economic relationship. Together, our countries can ensure regional peace and security, advance human rights and racial justice, and build a safe, healthy, sustainable, and prosperous future for coming generations.

The United States offers its best wishes to the people of Brazil as they celebrate the bicentennial of their independence.

Via U.S. DEPARTMENT of STATE

See statement here

Brazil Jobless Rate Falls to 9.1% in 3-Month Period Through July

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Brazil’s unemployment rate declined in the three months through July to the lowest level since 2015 as hiring rose in every category measured.

The jobless rate reached 9.1% in the three months through July, from 9.3% in the three months through June and 13.7% in the year-earlier period, the Brazilian Institute of Geography and Statistics, or IBGE said Wednesday.

The number of people with jobs rose to 98.7 million in the three months through July from 98.3 million in the three months through June, while the number of people seeking employment fell to 9.9 million from 10.1 million during the same period.

The strength of Brazil’s labor market has surprised economists repeatedly in recent months, helping boost expectations for economic growth as well. The services sector has been especially strong amid an ongoing post-lockdowns recovery and government programs that have boosted spending power among Brazil’s poorest residents.

By Jeffrey T. Lewis via MarketWatch

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Indústria da moda aposta em produtos de menos impacto ao meio ambiente

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Com investimento em tecnologia e inteligência, setor aposta em produtos têxteis que circulam mais e são mais sustentáveis

Em sua primeira “loja circular”, inaugurada no fim de 2021 no Rio de Janeiro, a Renner montou uma espécie de vitrine de suas iniciativas de sustentabilidade. Ali, amostras da pauta de sustentabilidade da empresa estão presentes desde a arquitetura – com uso de materiais reciclados e recicláveis e reaproveitamento de 97% de resíduos – até o abastecimento com energia originada de fonte eólica.

Estão também na seleção de peças com Selo Re (indicativo de que geram menor impacto ambiental na produção), no coletor do serviço de logística reversa e no espaço dedicado ao Repassa, plataforma de revenda de vestuário, calçados e acessórios adquirida ano passado. Hoje, a Renner conta com mais uma loja circular. E recebeu, por essas e outras estratégias, a maior pontuação entre as empresas de varejo no S&P Global Sustainability Yearbook 2022.

Leia mais: “Tudo é ESG”: CEO da Vivo detalha iniciativas da empresa

“É um reconhecimento importante de que estamos em um bom caminho”, diz o diretor presidente da Lojas Renner, Fabio Faccio. “O S&P integra as empresas de capital aberto com as melhores práticas de sustentabilidade no mundo, e já estamos pelo quinto ano consecutivo no índice, sendo que neste último atingimos a classificação máxima. Mas sabemos que ainda temos bastante coisa para fazer, por isso lançamos metas para continuar evoluindo no tema.”

Por Mariana Weber e Maria Rita Alonso via Forbes Brasil

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DATAGRO Crop Opening – Soybean, Corn, and Cotton 2022/2023 Focuses on Biologicals Market in Panel on Inputs

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In-person meeting of the Brazilian grain and cotton chain will highlight, in panels, analyzes and projections by specialists from the public and private sectors for the short, medium and long term

The DATAGRO Grain Harvest Opening – Soy, Corn and Cotton event brings, for the third consecutive year, information and data on the 2022/23 harvest and prospects for the coming years with topics such as world and Brazilian economy, input market, biofuels, complex of meat and trends for the production, consumption and commercialization of grains and fibers for the next 10 years. The meeting will take place on August 29, at the Renaissance Hotel, in São Paulo (SP). The Harvest Opening will feature the presentation of Koppert, leader in Brazil and in the world in biological control. The company’s commercial director, Gustavo Herrmann, will be one of the speakers on the panel “Input market for the 2022/23 crop — soybeans, corn and cotton — seeds, limestone, fertilizers, pesticides and agricultural machinery”, with representatives from CropLife Brasil, Anda (National Association for the Diffusion of Fertilizers) and Abracal (Brazilian Association of Agricultural Limestone Producers).

Via DATAGRO

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Brazil brokerage giant with 3.6M clients launches BTC and ETH trading

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XP Inc has become the latest Brazilian fintech player to offer crypto trading services, following Nubank and MercadoLibre.

Brazilian brokerage giant XP Inc has officially launched its crypto trading platform XTAGE in Brazil, bringing a potential 3.6 million users to the crypto markets.

The news was broke in a Monday post by the Nasdaq Exchange Twitter account, noting that XP had rung the exchange’s “Opening Bell” to celebrate the launch of the XTAGE digital assets trading platform.

Initially, XP Inc’s 3.6 million clients will have access to Bitcoin (BTC) and Ether (ETH) trading, but the broker told Cointelegraph back in May that there were plans to “support other digital assets and investment products based on crypto assets in the future.”

By STEPHEN KATTE via Cointelegraph

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Bradesco Creates ESG Unit to Help Clients Meet Growing Demand

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Banco Bradesco SA, Brazil’s second-biggest bank by market value, created a unit in its investment-banking operation focused on advising clients on environmental, social and governance standards.

“We want to help companies achieve ESG standards so they can reach a broader base of investors in a bond sale,” said Felipe Thut, who runs Bradesco BBI, the firm’s investment-banking arm. “We see demand for those products growing each day, and firms need to adapt.”

By Cristiane Lucchesi and Vinicius Andrade via Bloomberg

Global M&A Industry Trends: 2022 Mid-Year Update

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M&A reset: As market headwinds pick up speed, the second half of 2022 is providing an opportunity for dealmakers to reassess strategy and act boldly.

What a difference six months makes. At the start of 2022, dealmakers were riding high from the best year on record for global M&A, with more than 60,000 publicly disclosed deals breaking US$5tn in value for the first time. We predicted that this year wasn’t likely to top 2021 in the face of growing headwinds—but the market expected M&A to continue to prosper. Fast-forward to mid-year. Not only have the headwinds grown stronger, but new ones have emerged, including rapidly accelerating inflation and interest rates, lower stock prices, and an energy crisis deepened by the Russia–Ukraine conflict.

By PwC

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Brazil’s FIAGRO promotes agribusiness: key points about this new form of investment

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With favorable climate conditions, extensive arable land, and advanced methods of cultivation, Brazil is one of largest food producers in the world.

According to data from the Center for Advanced Studies in Applied Economics (CEPEA),[1] in 2021 Brazil’s agribusiness sector accounted for 27.4 percent of the country’s GDP – the highest rate since 2004.

Now, to reduce agricultural dependency on public subsidies and forge closer ties between the financial and capital markets and the agribusiness sector, Brazil has created an alternative form of investment via Federal Law n° 14,130/2021: Investment Funds in Agro-industrial Production Chains, popularly nicknamed FIAGRO.

What is FIAGRO?

As the Brazilian government notes, “FIAGRO is built on the model of popular real estate investment funds.”  It will allow investors “to have agro bonds in their portfolio, similar to what happens today in real estate funds, opening the possibility for small, medium and large investors to operate in the sector, democratizing investment.”

FIAGROs subsidize interest rates for agriculture production by encouraging private investors, insurers, lenders, fintechs and others to structure loans, collateral, investments and tax plans in Brazil’s agricultural sector.

Why FIAGRO?

By creating the FIAGRO structure, the Brazilian government is aiming to move financing of agricultural production from public subsidies into private hands. The goal is to encourage broad investment in agriculture. FIAGRO was created to:

  1. reduce dependence on public subsidies – transitioning to a financing model based on private credit rather than public coffers
  2. offer a safe and flexible instrument of investment to forge ties between the financial and capital markets and the agribusiness sector, with the goal of increasing the amount of credit and resources flowing to agrobusiness, including to small producers
  3. attract both domestic and foreign investments to Brazilian agribusiness and
  4. mitigate the barriers that foreign investors face so they can participate in the land market– in Brazil.

By Renato Lopes da Rocha via DLA Piper

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Tribute to José Luis Cutrale (1946-2022)

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Tribute to José Luis Cutrale

(September 17, 1946 – August 17, 2022)

1988 Person of the Year

On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on August 17, 2022 at age of 75, of José Luis Cutrale, in London.  Mr. Cutrale was the 1988 Brazilian Person of the Year honoree and a lifelong member of the Chamber.  A friend to many members and Directors, Mr. Cutrale was always willing to assist the Chamber.  His participation in joint projects elevated the quality of Chamber programs and strengthened ties between Brazil and the United States.

Born in São Paulo on September 17, 1946, Mr. Cutrale started working as a young boy for his father at Cantareira Municipal Market in São Paulo and began growing oranges.  Twenty years later, in 1967, they founded Cutrale, which catapulted the family name to become synonymous with orange juice worldwide.  Mr. Cutrale lived his life with kindness, respect, honesty, and a strong work ethic.

Mr. Cutrale is survived by his wife, Rosana Falcioni Cutrale, and their three children – Junior, Henrique, and Graziela.

The Brazilian Scientists Inventing An mRNA Vaccine — And Sharing The Recipe

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When Moderna and Pfizer first came out with their mRNA vaccines for COVID-19, supply was limited to rich countries and they did not share the details of how to create it.

That left middle income countries like Brazil in the lurch. But for Brazilian scientists Patricia Neves and Ana Paula Ano Bom, that wasn’t the end. They decided to invent their own mRNA vaccine.

Their story, today: Aaron talks to global health correspondent Nurith Aizenman about the effort and how it has helped launch a wider global project to revolutionize access to mRNA vaccine technology.

Further reading:

This episode was produced for Short Wave by Margaret Cirino and edited by Rebecca Ramirez. It was edited for broadcast by Vikki Valentine. Fact-checking by Rachel Carlson and audio engineering by Brian Jarboe via NPR

Full article/podcast

Brazil’s BTG Pactual reports record net income, revenue in Q2

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Brazilian lender Banco BTG Pactual SA BPAC3.SA on Tuesday reported a 23.2% rise in second-quarter net income to a record 2.07 billion reais ($405.01 million), citing an “especially strong” performance in its fee-based business units.

The company’s total revenue also reached a record for a quarter at 4.51 billion reais, up 19.7% from a year earlier, despite what it called volatile international markets and a challenging local macroeconomic scenario.

Both metrics came in slightly ahead of expectations from analysts polled by Refinitiv, which were at 1.98 billion reais for net income and 4.3 billion reais for revenue.

Reporting by Gabriel Araujo, Editing by Louise Heavens, Kirsten Donovan – Reuters via Nasdaq

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Ponte aérea SP-RJ é a primeira do mundo com acesso biométrico do check-in ao embarque

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Congonhas (SP) e Santos Dumont (RJ) são os primeiros aeroportos brasileiros a implantar de forma definitiva o embarque facial biométrico 100% digital para passageiros e tripulantes.

O Embarque + Seguro é um programa conduzido pelo Ministério da Infraestrutura (Minfra), com tecnologia Serpro e parceria do Ministério da Economia. A solução, que combina análise de dados e validação por biometria, dispensa a apresentação de cartões de embarque e documentos de identificação dos viajantes de voos domésticos partindo desses terminais.

Na manhã desta terça-feira, 9 de agosto, o ministro da Infraestrutura, Marcelo Sampaio, acompanhado dos ministros da Cidadania, Ronaldo Bento, e do Turismo, Carlos Brito, liderou uma comitiva governamental para vistoriar o funcionamento de todo o acesso biométrico. As autoridades acompanharam diversos embarques diretamente do aeroporto de Congonhas. O presidente Gileno Barreto, o diretor de Relacionamento com Clientes, André de Cesero, os superintendentes Brenno Sampaio, Rafael Soto e Giordanni de Paiva e o chefe de Divisão, Luciano Cunha, foram os representantes do Serpro no marco de inauguração do sistema.

Com o Embarque + Seguro operando nos aeroportos que formam a rota de maior movimento do país, o Brasil tem agora a primeira ponte área biométrica de ponta a ponta do mundo.

Via Comunicação do Serpro

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Global Entry: available for Brazilian citizens

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The U.S. Customs and Border Protection (CBP) announced the resumption of Global Entry arrangement with the Government of Brazil for Brazilian Citizens.

The agreement includes those entering the United States for tourism and certain business purposes.

The application is available through Global Entry website: Click here to learn how to apply

Global Entry allows an expedited clearance for pre-approved, low-risk travelers upon arrival at United States airports. Members enter the United States through automatic kiosks at numerous airports located within the U.S. and at Preclearance locations around the world. Brazil now joins a growing list of 13 Global Entry partner countries with full arrangements, including Argentina, Colombia, Germany, India, Mexico, the Netherlands, Panama, the Republic of Korea, Singapore, Switzerland, Taiwan, and the United Kingdom. Learn more

Brazil’s Itau Unibanco beats profit expectations, raises loan forecast

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Itau Unibanco (ITUB4.SA) on Monday beat profit expectations and substantially raised its loan growth forecast for this year even as it boosted provisioning for bad credits, reflecting higher Brazilian interest rates.

Brazil’s largest lender said second-quarter recurring net profit rose 17.4% from the previous year to 7.67 billion reais ($1.50 billion), beating analyst expectations of 7.48 billion reais, as compiled by Refinitiv.

The bank also said its loan book is likely to grow between 15.5% and 17.5% this year, above a previous estimate of 9%-12%.

Its 2022 cost of credit, which is mainly composed of cash set aside for loans likely to default, is now seen in the range of 28 billion-31 billion reais, up from the previous forecast of between 25 billion and 29 billion reais.

In the three months ending June 30, Itau’s loan-loss provisions reached 7.81 billion reais, up 61.7% from last year, while its loan book rose 19.3% on a year-on-year basis to 1.08 trillion reais.

By Peter Frontini via Reuters

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26TH INFFINITO BRAZILIAN FILM FESTIVAL

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HERE COMES THE INFFINITO FILM FESTIVAL

From September 10 to 25th, the 26th edition, in a hybrid format, is bringing 70 US premieres, a tribute to producer Debora Ivanov and Adriana Calcanhotto’s Concert in Miami.

Click here for PRESS KIT/PHOTOS 

The Inffinito Film Festival, the largest and most relevant Brazilian film festival held abroad, reached its 26th edition. From September 10 to 25th, 70 Brazilian productions will be shown in hybrid format, all premieres in the United States (full lineup below). The festival starts with an outdoor event in Miami, marking the return of the in-person competitive screenings, now at MDC’s Tower Theater Miami and Adriana Calcanhotto’s concert at the Miami Beach Bandshell. In addition, the traditional virtual screenings, available to the American public, bring 57 films, 10 of which are documentaries, 19 short films in competition, and 28 in parallel exhibitions. Furthermore, the audience can watch the movies from Puerto Rico to Alaska at www.inff.online – the first international streaming platform dedicated exclusively to Brazilian audiovisual.

Invited by the Festival, Brazilian actors, directors, and producers will attend the event. Including actors Eduardo Moscovis and Bárbara Paz, directors Denise Saraceni, Lô Politti, and Gustavo Rosa, producers Debora Ivanov, Laís Bodanzky, Tiago Rezende and Carlos Moletta, singer Adriana Calcanhotto, in addition to journalists, sponsors, and guests.

The Inffinito Film Festival began in 1997 when Adriana L. Dutra, Cláudia Dutra, and Viviane Spinelli conceived the Brazilian Film Festival in Miami, in a year in which the Audiovisual Law was enacted in Brazil, which took Brazilian productions out of stagnation and boosted the retake movement. Since then, they have held 88 festivals in 13 cities worldwide: New York, Vancouver, London, Rome, Madrid, Barcelona, Frascati, Milan, Buenos Aires, Montevideo, Bogotá, Canudos, and Miami, and screened more than 2000 Brazilian films for over 2 million people.

MUSIC AND CINEMA IN MIAMI – Opening night in Miami on September 10 at the New World Center (NWC Soundscape Park – 400 17th St, Miami Beach, FL 33139), with free admission and musical performance by the Magic Flute Institute that has been teaching ballet, singing and sweet flute to children from the outskirts of Cuiabá/MT for 24 years (www.flautamagica.org.br). After the presentation, the public will watch the renowned film Pixinguinha, um Homem Carinhoso, directed by Denise Saraceni and Allan Fiterman, starring Seu Jorge and Taís Araújo. See the movie’s official trailer at: https://www.youtube.com/watch?v=LUqSZ8J3XJg).

CURATORS – The Inffinito Film Festival’s feature films curatorship is composed of filmmaker, documentary filmmaker, and director of Circuito Inffinito Adriana L. Dutra, by film critic Ricardo Cota. Audiovisual producer Malu de Martino curates the documentaries and producer Laura Fernandes and Adriana Dutra curate short films.

COMPETITIVE FEATURE SCREENINGS – From September 11 to 16, the Competitive Feature Film Screenings will take place at Tower Theater Miami (Tower Theater Miami – 1508 SW 8th St, Miami, FL 33135). The diversity of themes and styles gives the selection of feature films in competition a panorama of contemporary Brazil. The country is experiencing a moment of immersion in its own problems, which range from existential crises (Why don’t you cry?) and family crises (Sol) to the struggles of women (Mar de Dentro) and blacks (Provisional Measure). The genres also range from ripped comedy (Welcome to Quixeramobim) to portraits of personalities as distinct as those of musician Pixinguinha (Pixinguinha, Um Homem Carinhoso) and businessman Eike Batista (Eike – Tudo ou Nada). In the parallel exhibition, the five selected films maintain the tone of plurality, especially aesthetics, showing works that dialogue with theater (Antígona 442 B.C.), memory (Doctor Gama), literature (O Auto da Boa Mentira), and the constant struggle for ancestral recognition of indigenous peoples (Rama Pankararu). These films offer the viewer a unique opportunity to get to know the problems, but above all, the cultural wealth of Brazil, a country that finds its most complete translation in art.

AWARDS AND ADRIANA CALCANHOTTO CONCERT – The closing ceremony with the Crystal Lens Award for the Best Film chosen by the public will take place on September 17, at the Miami Beach Bandshell (7275 Collins Ave, Miami Beach, FL 33141), with a performance of the band Johnny’s at 6:00 pm, followed by the film Amazon/Amazônia, by Thierry Ragobert, at 7:00 pm and Adriana Calcanhotto in Concert, at 8:30 pm.

VIRTUAL SHOW – From September 10 to 25th, the program for the entire American territory will take place on http://www.inff.online. 57 film screenings in 8 virtual rooms (10 films are part of the documentary competitions, 19 of the short film competitions, and 28 film screenings)

TRIBUTE TO DEBORA IVANOV – The 26th Inffinito Brazilian Film Festival pays tribute to the producer Debora Ivanov with a special exhibition. Debora is responsible for the production of more than 60 Brazilian films. A lawyer by education and training, she was director of the Audiovisual Industry Union of the State of São Paulo and was a member of the SPCine Advisory Board. She founded the Querô Institute in Santos, an NGO aimed at low-income young people in the port region of Santos that promotes training in the audiovisual industry. In 2000, she became a partner at the production company Gullane Filmes, producing dozens of films, among them Que Horas Ela Volta?, Até Que a Sorte Nos Separe, Uma História de Amor e Fúria, among many others. She was appointed director of ANCINE in 2015. In 2017, she assumed the presidency of the Agency until 2020.

DOCUMENTARIES – The size of Brazil is proportional to the diversity of themes that permeate the stories that documentarists submitted to this selection. The variety was so great that the curatorship decided to propose clippings to bring a broader panorama of what makes up Brazilian filmmakers’ recent crop of documentaries. Others were added to the consolidated Competitive Screenings: “Ritmos do Brasil,” which travels through the plurality of Brazilian music, and “Brasil Urgente,” which highlights the most current topics these days.

TICKETS

– Opening night at New World Center Soundscape Park – Free event

– In-person Show Ticket at Tower Theater Miami – $15.00 – https://www.towertheatermiami.com/

– Ticket Award Night and show by Adriana Calcanhotto

https://www.northbeachbandshell.com/events#/events?event_id=44964

– Ticket for Virtual Exhibition at Inff.online – $8.88 – www.inff.online

The following companies and governments support the 26th Inffinito Brazilian Film Festival:

SPONSORSHIPS 2022

This program is sponsored by the Miami-Dade County Department of Cultural Affairs and the Cultural Affairs Council, Miami-Dade County Mayor and Board of County Commissioners, Miami-Dade County Tourist Development Council, City of Miami Beach Cultural Affairs Program and Cultural Arts Council, Garcia Family Foundation and Titanio Films.

Inffinito Ambassadors: Laura Fernandes, Liliana Kawase and Renata Garcia

Official Hotel: Palihouse – Miami Beach

Support: MDC’s Tower Theater Miami, Miami Beach Bandshell, Little Brazil Restaurant, and ATC Cargo

Media Support: AcheiUSA Newspaper, Happens Magazine, Radio Florida Brazil

Promotion: GloboPlay

Festival Friends: BACC – Brazilian American Chamber of Commerce of Florida, Centro Cultural Brazil USA, Downtown Doral Charter Upper School, Ronald W. Regan Doral Senior High, Gulliver Prep, Morningside K8 Academy, Miami Be Happy, NExperience, Talita Pinheiro PA, Sfihas Brazil, Rejuvchip, One Concept Clinic, Florida International University, and New World Center.

Directed and Produced by Inffinito

The São Paulo Symphony Presents The Amazon Concert Sights & Sounds of Brazil

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Saturday, October 15 • 8:00pm
Stern Auditorium/Perelman Stage at Carnegie Hall

São Paulo Symphony Orchestra
Marin Alsop, conductor
Marcello Dantas, visual director

Dazzling images of the Amazon, seen through the eyes of its myriad species, ash above the stage of Carnegie Hall as Marin Alsop and the São Paulo Symphony Orchestra perform music of Villa-Lobos, Clarice Assad, Philip Glass, Tom Jobim, and others. Conceived by Visual Director Marcello Dantas, renowned for his fusion of art and technology.

 

ORDER NOW! CarnegieHall.org
CarnegieCharge: 212.247.7800
Box Oce: 57th St. & 7th Ave.

TICKETS START AT $30

Brazil crypto exchange Mercado Bitcoin to expand into Mexico this year, says CEO

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SoftBank-backed Brazilian crypto exchange Mercado Bitcoin is set to enter the Mexican market by the end of the year, as part of a plan to expand elsewhere in Latin America, its chief executive told Reuters.

“Certainly, in the second half of the year we start operating in Mexico,” Mercado Bitcoin’s CEO, Reinaldo Rabelo, said in an interview, adding that talks for regulatory approval in the country are in their final stages.

Rabelo said the move will be done through an acquisition, mirroring the way Mercado Bitcoin’s holding company 2TM entered Portugal earlier this year when it bought Lisbon-based exchange CriptoLoja.

Reporting by Paula Arend Laier; Writing by Peter Frontini; Editing by Chizu Nomiyama via Reuters

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Meet our New Member Simpson Thacher & Bartlett LLP

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From the Rio Grande to Tierra del Fuego, Simpson Thacher has built a powerful practice serving clients throughout Latin America, starting in the 1970s and ’80s, when they advised clients on sovereign lending and restructurings. Over time, they solidified their position as a market leader in corporate transactions that involved both Latin American companies and sovereigns, as well as their traditional multinational client base.

Already an acknowledged legal pacesetter in Brazil and Latin America, the Firm opened an office in São Paulo in 2009 to build on their commitment to the region and enhance their ability to support their clients.  Their local presence in São Paulo, together with their multilingual team’s deep transactional experience and familiarity with local culture and practices, enable them to optimize representation of their clients in the region on their most important and complex matters.

Learn more

Market Report – Fusões e Aquisições / M&A Brasil

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Foram anunciadas 735 transações no período de Janeiro a Junho de 2022, com uma redução de 2,3% em relação ao mesmo período do ano passado. Incertezas globais, combinadas com cenário desafiador interno, afetaram o volume de operações. Mercado de Capitais também ficou restrito e observou-se follow-ons de operações maduras em setores mais resilientes.

Em Junho de 2022 foram anunciadas 94 transações, número 19,6% inferior ao mesmo mês de 2021 (117) e, somando-se as 641 anunciadas entre Janeiro e Maio, registraram-se 735 transações acumuladas no ano, com redução de 2,3% no período em relação ao mesmo período em 2021 (752 transações). É o quarto mês consecutivo onde observamos redução no número de operações de M&A.

Os setores de maior atividade continuam sendo associados, direta ou indiretamente, a tecnologia, serviços financeiros (onde tecnologia também está fortemente presente), serviços (B2B e B2C), logística, energia e produtos de consumo. Destaque também a ser dado aos setores de educação e saúde, que continua apresentando movimento de consolidação. Observamos uma retração das atividades de M&A no setor de varejo.

By Kroll

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Trade between Brazil and the United States hit a record high in the first half, fueled by fuel

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The exchange of goods between Brazil and the United States reached a new record in the first half of 2022, the American Chamber of Commerce (Amsam Brazil) revealed today (15). According to the organization, trade between the two countries during the period totaled 42.7 billion US dollars, an increase of 43.2% compared to the first half of last year. The full report is available at this link.

“Bilateral trade continued to heat up in the first half of the year. The increase in international prices and, to a lesser extent, demand for products important to the bilateral agenda led to unprecedented values ​​in Brazilian imports and exports relative to the United States.”, said the Executive Vice President of Aspect Brazil. Abram Neto.

On the side of Brazilian imports from the United States, the volume handled reached US$25 billion in the first half, an increase of 52.4%. This result was particularly influenced by the purchase of fuels and energy products such as oil products, natural gas, crude oil and coal. In total, these products account for 43.7% of total Brazilian imports.

By Wallace Holt via SIV Telegram Media 

MercadoLibre Receives $233 Million From Goldman Sachs to Expand Loans in Brazil, Mexico

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Argentine online marketplace MercadoLibre Inc said on Monday it received a private financing line of $233 million from Goldman Sachs to expand its credit offer in Brazil and Mexico.

The company intends to, through its lending unit Mercado Credito, increase its loan offers to individuals and small and medium-sized companies in both countries.

Of the total figure, $106 million will be destined for Brazil and $127 million for Mexico, MercadoLibre said in a statement.

Reporting by Alberto Alerigi Jr.; Writing by Peter Frontini; Editing by Sam Holmes by Reuters via U.S. News & World Report

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Euro And Dollar Are Equal For First Time In 20 Years – Here’s What It Means For Americans

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The euro and the U.S. dollar are equal for the first time in 20 years, as Russia threatens to cut off gas to the west and inflation rates soar, sparking fears of a European recession.

The euro slipped as low as around $1.00005 Tuesday morning, but has since inched up to $1.0061.

Greg McBride, chief financial analyst with the New York financial company Bankrate, told Forbes the effect on imports and exports will be relative, increasing the cost of American goods sold in Europe while making European goods cheaper in the U.S., helping to ease the effect of rising inflation.
“Going to Europe looks a lot cheaper to Americans compared to last summer,” Moody’s Analytics chief economist Mark Zandi told USA Today on Tuesday, noting a stronger dollar can offset the cost of rising airfare by 10% to 20%.
By Brian Bushard via Forbes

Shell invests $40 million in carbon credit projects in Brazil

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Shell said on Monday it has invested $40 million into a Brazilian preservation-focused company.

Carbon credit developer Carbonext runs preservation projects across more than 2 million hectares (4.9 million acres) of the Amazon Forest that are owned by companies seeking to capitalize on the carbon market.

Carbonext then generates carbon credits that can be sold. Shell will now have preferential access to the company’s carbon market, although will not receive discounted prices.

Reporting by Rafaella Barros; Writing by Carolina Pulice; Editing by Christian Schmollinger via Reuters

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Balança comercial tem superávit de US$ 8,8 bilhões em junho

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Corrente de comércio, que serve como termômetro para a atividade econômica, avançou 22,6% ante junho de 2021

A balança comercial brasileira registrou superávit de US$ 8,813 bilhões em junho. O número é 15,4% menor que o saldo do mesmo mês do ano passado.

Os números foram divulgados pelo Ministério da Economia apenas nesta sexta-feira (1º). A corrente de comércio, que serve como termômetro para a atividade econômica, avançou 22,6% ante junho de 2021. No total, a soma das exportações e importações brasileiros foi US$ 56,536 bilhões.

As exportações brasileiras avançaram 15,6%, totalizando US$ 32,675 bilhões em junho. Esse resultado foi puxado, principalmente, por uma alta de 38,5% na exportação de produtos da Indústria de Transformação brasileira. O setor da Agropecuária avançou 30,4%. Já a venda de produtos da Indústrias Extrativa recuou 24,3% no mês.

Por Anna Russida, via CNN

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Brazil’s Petrobras elects new CEO as fuel price pressures mount

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The board of directors of Brazil’s Petrobras (PETR4.SA) elected Caio Paes de Andrade as its new chief executive on Monday, as a messy management transition at the state-run oil company inches toward conclusion.

Andrade, a former economy ministry official, was also voted onto the company’s board ahead of his election as CEO, the company said in a securities filing, a move required under Petrobras bylaws.

Andrade had been tapped by Brazilian President Jair Bolsonaro last month to run the firm and is set to replace Chief Exploration and Production Officer Fernando Borges, who took over as interim CEO after Jose Mauro Coelho resigned earlier this month. read more

Coelho, as well as his two predecessors, were brought down after clashes with Bolsonaro over the company’s fuel pricing policy. The far-right president’s popularity has taken a beating due to rising diesel and gasoline prices and high inflation.

By Rodrigo Viga Gaier and Rafaella Barros via Reuters

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Mattos Filho opens new office in Brazil’s capital

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With the highest number of partners among full-service law firms in Brazil’s capital, Mattos Filho provides leading legal assistance for demands with government agencies and higher courts

As Mattos Filho approaches its thirtieth anniversary, it has started a new chapter in Brasília. The firm has opened a bigger, more modern office located in the city’s South Commercial Sector (Setor Comercial Sul), its primary business district. The new address will accommodate a higher number of professionals – the headcount at the office has grown by 130% in the last six years alone – strengthening Mattos Filho’s commitment to being a strategic partner for clients, especially in litigations with regulatory bodies, the higher courts, and Brazil’s legislative and executive branches.

With six partners based in Brasília – the highest number among all full-service firms in the region – Mattos Filho’s structure makes the firm a benchmark for handling legal matters in the Brazilian capital. “The expansion of our operations in Brasília strengthens our firm’s position and unites our professionals’ expertise to provide innovative, high-performance legal services, in line with our clients’ needs,” highlighted Mattos Filho’s managing partner, Roberto Quiroga.

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Google outlines infrastructure investment in Brazil, announces new office

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Alphabet Inc’s (GOOGL.O) Google Cloud announced on Tuesday it has invested 1.6 billion reais ($312.65 million) in technical infrastructure since 2017 in Brazil, as well as the opening of a new office and engineering center in the country.

Google Cloud investments have been aimed at “helping the company’s customers diversify their service portfolios, extend their digital capabilities, and drive new business,” the company said at the Google for Brazil event in Sao Paulo, the country’s financial capital.

“During this (five-year) period, an amount of 1.6 billion reais was allocated to improve Google Cloud’s technical infrastructure in Brazil.”

Google also announced the opening of a new engineering center in Sao Paulo and a new Google Cloud office in 2023.

In January, Google said it was set to hire 200 engineers in Brazil this year, as it seeks to bolster its privacy, security, and anti-abusive content technologies.

Reporting by Steven Grattan Editing by Bernadette Baum via Reuters

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Proskauer Receives Top Rankings across 56 Practice Areas in 2022 Chambers USA

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Proskauer, a leading international law firm, is pleased to announce that it has received top-tier rankings across 56 practice areas, and 100 lawyers were recognized as leaders in their field, including seven newly ranked attorneys, in the 2022 edition of Chambers USA.

This year, Chambers USA ranked 19 lawyers and 11 of the Firm’s practice areas in Band 1, including Banking & Finance, Employee Benefits and Compensation, Healthcare, Labor & Employment, Litigation, Private Equity and Sports Law. Four of the Firm’s lawyers also earned recognition in the Eminent Practitioner, Star Individual or Senior States people categories.

Five of Proskauer’s practice areas received a first-time ranking, including Bankruptcy/Restructuring (Massachusetts), Litigation: General Commercial (Massachusetts), International Arbitration: Enforcement (Nationwide), Investment Funds: Investor Representation (Nationwide), and Banking & Finance (New York).

View a complete list of the 2022 Chambers USA rankings

About Proskauer

We are 800+ lawyers serving clients from 12 offices located in the leading financial and business centers in the Americas, Europe and Asia. The world’s leading organizations, companies and corporations choose us to be their representatives in their most critical situations. But more, they consider Proskauer a strategic partner to drive their business forward. We work with asset managers, major sports leagues, Fortune 500 companies, entertainment industry legends and other industry-redefining companies.

Learn more here.

Destaque Especial 50 anos – Machado Meyer

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Após 50 anos, continuamos nos orgulhando da nossa história. Por isso, preparamos um hotsite especial para contarmos um pouco sobre a nossa trajetória, além de compartilharmos conteúdos inéditos e depoimentos de nossas pessoas.

Integrando as comemorações dos 50 anos do Machado Meyer, preparamos uma série especial de videocasts para relembrar nossa trajetória, revelar curiosidades e abordar as expectativas e anseios para o futuro. No episódio de estreia, o sócio-administrador, Tito Andrade, recebe os sócios-fundadores, Antonio Meyer, Moshe Sendacz e José Roberto Opice, para comentar o início da sociedade, o percurso de crescimento e outras histórias.

Assista agora!

Eleições 2022: 10 perguntas e respostas para empresas sobre o período eleitoral

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Neste ano de 2022 serão realizadas eleições para diversos cargos em nível federal, estadual e distrital. O início das campanhas eleitorais traz diversos pontos de atenção para as empresas, que devem ajustar suas políticas internas/programas de compliance a fim de mitigar riscos relacionados à matéria.

Com o objetivo de ajudar as empresas em sua adaptação ao período eleitoral, o BMA preparou uma série de perguntas e respostas sobre temas recorrentes. Com o objetivo de ajudar as empresas em sua adaptação ao período eleitoral, o BMA preparou uma série de perguntas e respostas sobre temas recorrentes.

>>> Confira mais detalhes no infográfico produzido pela nossa equipe.

Meet our New Member Dal Pozzo Advogados

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Dal Pozzo Advogados are specialists in Public Law in the areas of Infrastructure, Regulation, Public Services, Administrative Law, Litigation and National-International Arbitration. Offering personalized services, they treat each case with professionalism to maximize legal efficiency and facilitate understanding of the corporate landscape.

The broad range of experience and expertise of their staff offers a unique market position with the ability to solve complex legal problems and help their clients achieve results in an ever-evolving business environment.

Learn more here.

Mattos Filho’s pro bono work recognized for its positive impact on society

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We were recognized in the Social Responsibility and Pro Bono category of the Prêmio Lumen (Lumen Awards) in a ceremony held on Tuesday, May 31. The awards – an initiative of the Center for Studies of Law Firms and the Union of Law Firms for the States of São Paulo and Rio de Janeiro – recognize good practices by law firms that make a positive impact on society.

We received the award for our work in cooperation with the São Paulo Public Defender’s Office, referring cases to provide individuals with comprehensive, free legal assistance, as well as preparing research and memoranda on human rights issues.

We would like to congratulate our professionals for their dedication and thank Prêmio Lumen for recognizing our efforts. This is how we drive transformation through the practice of law, giving back to society and contributing to its progress.

Mattos Filho

Learn more here.

Por que o Brasil atrai empresas globais de criptomoedas?

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Mercado de criptomoedas no país já atrai mais investidores do que a Bolsa.

O Brasil está entre os cinco países com o maior número de investidores em criptomoedas, algo que não passa despercebido pelas empresas globais do setor. Gigantes como Binance, Coinbase, FTX e Crypto.com já possuem presença local, e a tendência é que, com a chegada do marco regulatório das criptomoedas, mais delas venham para ficar.

Cerca de 10 milhões de brasileiros já investem em criptomoedas, segundo um estudo da Binance em parceria com a TripleA divulgado no ano passado. O número corresponde a 5% da população e é maior que o total de investidores pessoas físicas cadastrados na B3 – cerca de 4 milhões.

Acompanhe em primeira mão o conteúdo do Forbes Money no Telegram

O Brasil fica atrás apenas de Índia, Estados Unidos, Rússia e Nigéria em número de investidores em criptomoedas.

Sean Rach, ex-CMO da Crypto.com e cofundador da plataforma de serviços financeiros Hi, afirma que a desvalorização do real em relação ao dólar é um dos principais fatores que tornam as criptomoedas tão atrativas aos brasileiros. “Além da capacidade de inovação e de criação de soluções nesse ecossistema, o que abre diversas oportunidades”, acrescenta.

Por Isabella Velleda via Forbes

Leia o artigo na íntegra.

 

Brazilians are adopting digital payments faster than anyone else — what lessons can we learn?

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  • Digital payments are an essential tool of financial inclusion and enfranchisement.
  • Brazil is leading a Latin American boom in financial inclusion, with FinTech companies and Central Bank-led initiatives providing access to bank accounts for the first time to millions of people.
  • The World Economic Forum has partnered with the Inter-American Development Bank to launch an initiative aimed at further expanding financial inclusion and unlocking digital trade opportunities in Latin America and the Caribbean.

Digital payments are driving a profound change in Brazil’s banking sector. Over the past 10 years, a silent revolution in Brazil has led to increased competition, more financial inclusion and lower banking fees.

The explosion of digital payments in Brazil has created an innovative financial ecosystem that works for ordinary people.

This progress is the result of a combination of an overhaul in the payments regulatory framework, intensive use of technology, entrepreneurship and a focus on creating products that address the needs of Brazilian customers.

By David Vélez, Founder and CEO, Nubank via World Economic Forum – This article is part of the World Economic Forum Annual Meeting

Read full article here.

Meet the Four Forces Shaping your Workforce Strategy

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Specialization. Scarcity. Rivalry. Humanity. Companies that understand—and harness—these forces will have an edge in creating vibrant workforces capable of achieving sustained, positive outcomes.

If you lead, manage, or plan a workforce, you’re familiar with disruption—and have seen a lot of it lately, including geopolitical and social crises and the biggest public health emergency in living memory. And you’ve spent time and energy on everything from designing remote and hybrid work experiences, to understanding the “great resignation,” to simply trying to keep your people safe.

Against this backdrop, you need to keep sight of the urgent, fast-moving workforce challenges you face—without losing sight of the long game. You need to inspire and support your people now, even as you help them redefine the nature of their jobs and roles so they can thrive in a highly uncertain future. Only by getting the balance right can you create the kinds of sustained outcomes that will benefit the company, your workforce, and even society.

A good place to start is by grounding your thinking in a better understanding of the dynamics that your workforce strategy arises from, and that it depends on. Four underlying forces—specialization, scarcity, rivalry, and humanity—have been shaping workforces at key points throughout human history, and they’re highly relevant again today. Taken together, the forces offer a framework to help companies understand the interplay between workforce strategy, business strategy, culture, and technology.

By Bhushan Sethi, Blair Sheppard, and Nicole Wakefield via PwC 

Read full article here.

Carteira Ibovespa: B3 anuncia entrada da SLC Agrícola (SLCE3)

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Vale e Petrobras seguem como as empresas de maior peso na composição do índice.

A B3 divulgou hoje (2) a nova carteira do índice Ibovespa, que irá vigorar até o dia 2 de setembro de 2022. A grande novidade é a entrada da SLC Agrícola (SLCE3), com peso de 0,241%. Com as alterações, o índice contemplará 92 ativos de 89 empresas.

Os cinco ativos de maior peso na composição do índice se mantiveram os mesmos, mas com novas participações: Vale ON (15,582%, ante 14,783% ), Petrobras PN (6,864%, estável), Itaú Unibanco PN (5,661%, ante 5,142%), Bradesco PN (4,606%, ante 4,556%) e Petrobras ON (4,492%, ante 4,205).

A SLC Agrícola foi fundada em 1977 e é produtora de soja, algodão e milho; criadora de gado e detentora da marca SLC Sementes, que produz e comercializa sementes de soja e algodão. Foi uma das primeiras empresas do setor a ter ações negociadas na Bolsa de Valores.

Por Isabella Velleda via Forbes

Leia mais em: https://forbes.com.br/forbes-money/2022/05/carteira-ibovespa-b3-anuncia-entrada-da-slc-agricola-slce3/

Leia mais aqui.

“Metalaw: Reflections on Law In The Metaverse”: Read Our E-Book

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No one yet knows precisely what the Metaverse is or how relevant it will become over the next few years. Even so, it is a frequent topic of discussion and has attracted the attention of various publics, including investors who are enthusiastic about the possibilities presented by the new technology.

It’s part of BMA‘s DNA to think creatively and to seek innovative solutions for our clients. That’s why we have asked practitioners from BMA’s various practice areas to contribute articles that share their views of how the law might apply in the Metaverse.

Click here to access the entire publication, or click here to go directly to the articles that interest you.

Next Generation of Lawyers organizes short-term exchange program to the U.S.

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Next Generation of Lawyers, a professional program dedicated to minority law school students in Brazil, is organizing a short term exchange program to the U.S., with the support of top tier law firms, United Airlines and the U.S. General Consulate in Brazil.

This exchange program, organized by Civics Education – founded by Felipe Neves (POY Fellow and Stanford Law School Class of 19, will bring 15 low income students to the U.S. for the first time in order to foster their knowledge about law and entrepreneurship, by visiting Universities and Tech Companies, and help them to build new dreams and new goals. This program will be tailored to participants’ interests in academic coursework, leadership training and networking. Our goal is to give them exposure to a variety of professional and academic contacts, leaders and innovators, so they can go back to Brazil and contribute to the development of our society.

Some facts about the selected students:

• 80% are black.
• 65% are female.
• 45% are LGBT.

Find out more about the program here.

Meet our New Member StoneTurn

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StoneTurn, a global advisory firm, assists companies, their counsel and government agencies on regulatory, risk and compliance issues, investigations and business disputes.

They serve their clients from offices across the U.S., U.K. and in Germany, Brazil, South Africa, and Singapore assisted by a network of senior advisers around the world.

Learn more

Brazil eases COVID-related restrictions on international travelers

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Brazilian health agency Anvisa on Saturday issued a new set of rules for incoming international travelers, easing restrictions related to the COVID-19 pandemic as the health crisis subsides in the South American nation.

Anvisa said vaccinated Brazilians and foreigners are now exempt from presenting proof of a COVID-19 test with a negative or non-detectable result. They are only required to present proof of vaccination, printed or electronically.

“In general, the new rules confirm vaccination as the basis for national border policy for all modes of transportation,” Anvisa said in a statement. “Complete immunization is mandatory for all individuals eligible for vaccination and who intend to enter Brazil.”

Under the rules, a traveler is considered fully vaccinated after taking two doses or a single dose of a anti-COVID vaccine, depending on the type of immunizer. The vaccination scheme must be complete at least 14 days before the date of departure, Anvisa said.

Reporting by Ana Mano Editing by Alistair Bell via Reuters.

Read full article.

ISO DATAGRO New York Sugar & Ethanol Conference 2022

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Also known as the official technical event of the New York Sugar Dinner, The ISO DATAGRO NY Sugar and Ethanol Conference was held in a digital format during its last edition and will return to its original format this year on May 11, 2022 from 7:30 AM to 4:10 PM EDT at 583 Park Avenue, New York, NY 10065.The event will gather experts and influential players in the global sugar-energy community. These world-renowned leaders will tackle topics related to the main issues of the global sugar and ethanol industries.Don’t miss the opportunity to learn from specialists and gain invaluable business insights on the following topics:▪️ What to Expect for Brazil & Other Main Fundamentals in 21/22 & 22/23

▪️ World S&D in 21/22 & 22/23 (Oct/Sep)

▪️ Perspectives for Sugar and Ethanol in India

▪️ Ethanol in Sustainable Mobility

▪️ Trade Flows & Market Perspectives

▪️ Technological Innovation & Trends

▪️ Investments & Financing Opportunities for the Agribusiness Sector Click here for more information and Registration.

Meet our New Member Wentworth Consulting Group

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At Wentworth Consulting Group, their team of experts works with companies to understand their goals and hurdles, and how to improve their business. They provide strategic management consulting and business operations support, including Procurement, Recruiting, HR and Financial Services.

Learn more

USD 5 million to transform Brazil | USD 5 milhões para transformar o Brasil

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Dear friends of BrazilFoundation, 

After three years of significant growth in fundraising in New York and Brazil, and record revenue in 2021 of USD 8.3 million, I am honored to announce that BrazilFoundation has received a grant of USD 5 million from writer, activist, and philanthropist MacKenzie Scott.

This generous gift of unrestricted resources will allow BrazilFoundation to deepen and substantially expand strategic investments in civil society innovations. With these funds we plan to provide multi-year grants in selected priority fields, generate public awareness of groundbreaking equity initiatives, contribute to building a deep bench of transformative social sector leaders and catalyze national dialogue around access, equity and participation.

In 2021, we invested in 155 civil society organizations in 24 states of the country, which work at the community level, with projects with the potential to influence local or national public policies, through creative methodologies developed to improve the lives of people in the community.

As president & CEO of BrazilFoundation, I am extremely happy to share this news with you!

I emphasize that this recognition is the result of the work that BrazilFoundation and its team have been developing over the last 22 years, with the valuable support of families, individuals, companies, and foundations that have always supported this project.

Thank you so much for being part of this story.

Best,

Rebecca R. Tavares, Ed.D
President & CEO, BrazilFoundation 

_______________________________________________________________________________________________________________________________________________

Continue reading “USD 5 million to transform Brazil | USD 5 milhões para transformar o Brasil”

Novas regras para as publicações ordenadas pela lei das sociedades anônimas

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Com a entrada em vigor do artigo 1º da Lei 13.818/19 em 1º de janeiro deste ano, as publicações ordenadas pela Lei 6.404/76 (Lei das Sociedades Anônimas – LSA) ganharam novas regras.

As modificações alteraram o artigo 289 da LSA e criaram um procedimento mais simples e flexível, que atende, ao menos parcialmente, à expectativa das sociedades anônimas por um regime de publicidade modernizado e menos oneroso. A essas mudanças somam-se as recentes modificações na LSA promovidas em 2021 pelo Marco Legal das Startups (Lei Complementar 182/21).

A modificação mais relevante foi acabar com a obrigação das companhias de realizar essas publicações nos veículos oficiais de imprensa da União, dos estados ou do Distrito Federal. Pela nova redação do artigo 289, as publicações “deverão ser efetuadas em jornal de grande circulação editado[1] na localidade em que esteja situada a sede da companhia, de forma resumida e com divulgação simultânea da íntegra dos documentos na página do mesmo jornal na internet, que deverá providenciar certificação digital da autenticidade dos documentos mantidos na página própria, emitida por autoridade certificadora credenciada no âmbito da Infraestrutura de Chaves Públicas Brasileiras (ICP-Brasil)”.

A nova redação é aplicável às publicações obrigatórias realizadas a partir de 1º de janeiro de 2022, independentemente do período (exercício social ou trimestre) a que se refiram. Abrange, por exemplo, as demonstrações financeiras referentes ao período encerrado em 31 de dezembro de 2021.

AUTORES

Via MACHADO, MEYER, SENDACZ E OPICE ADVOGADOS

Saiba mais.

Meet our New Member BRQ Digital Solutions

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BRQ is one of the leading Digital Transformation companies in Brazil. The BRQ end-to-end service platform offers the most efficient and innovative solutions, technologies and methodologies, enabling a transformation journey for major brands, from different fields, in Brazil and overseas. With over 3,000 employees, the company stands out as one of the best places to work by GPTW and Glassdoor.

Learn more

REDD Insight: LatAm, too, is bracing for impact of Russia’s attack on Ukraine

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[The REDD Insight is a daily market comment produced by senior members of the REDD Intelligence Latin America newsroom. The views expressed in this report are solely those of the author(s) and are not necessarily either
shared or endorsed by REDD.]

“I told Putin that Brazil supports any country that seeks peace. And that’s his intention.” — Jair Bolsonaro, talking to reporters after meeting with the Russian leader Russia’s invasion of Ukraine has sent shock waves through financial
markets. For Latin American countries, there is an upside of this terrible conflict, but the potential downside could be very steep. As commodity prices surge ― especially oil, gas and wheat, which are mostly produced by the two countries in armed conflict — some countries will see higher revenues on oil sales. Ecuador serves as an example. In a recent interview broadcast on social media, President Guillermo Lasso said the recent increase in oil prices could imply USD 25 in additional revenue per barrel for Ecuador. So far this year, he added, oil price hikes have translated to USD 100m in extra revenues for the country.

Assuming prices stay constant, Ecuador could pull in additional revenues of USD 1.7bn this year, according to an analysis from local economists Walter Spurrier and Alberto Acosta Burneo. Still, Lasso pointed out during his interview that his government would “not create permanent expenditures with temporary revenues.” But for companies like state-owned Pemex and Petrobras, higher oil prices will translate into higher fuel prices, eating into some gains from the rally.

by Maria Fernanda Blaser, Carla Dager and Edgar Sigler via REDD

Read full article

BNDES Director Offers New Insights on Development of Brazilian Blockchain Network

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Gladstone Arantes, a director of the Brazilian Development Bank (BNDES), gave new details about the progress of the Brazilian Blockchain Network, a project that has been in development since 2018. The network will be created on top of the Hyperledger Besu 2.0, which uses a proof-of-authority consensus mechanism. The final goal of this project is to move public spending to the network in order to increase the transparency of these fund movements.

Brazilian Blockchain Network Advances

The Brazilian Blockchain Network, a project that was conceived back in 2018, is now in its development phase. Gladstone Arantes, head of blockchain initiatives at the Development Bank of the country (BNDES), revealed new insights about the development and the technical data of the project. At the Ethereum.Rio event, Arantes stated the project had selected Hyperledger Besu 2.0 to be its base platform, and that the network would also be using a proof-of-authority consensus system.

Proof-of-authority means there will be no mining on top of the chain, and that state actors will maintain control of the network. This follows the premise of simplifying the operation of the blockchain, so it’s possible to be easily understood by anyone wanting to examine it.

by Sergio Goschenko via Bitcoin.com

Learn more

Fusões e Aquisições continuam em tendência de alta no Brasil, acumulam 253 transações até fevereiro de 2022 e crescem 38,2% em relação ao mesmo período de 2021

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M&A no Brasil. Análise da equipe de Corporate Finance da Kroll/ Kroll Brasil das atividades no primeiro bimestre de 2022

Em fevereiro de 2022 foram anunciadas 123 transações, número 15,0% superior ao mesmo mês de 2021 e, somando-se as 130 anunciadas em janeiro – 71,0% acima de janeiro de 2021, quando foram anunciadas 76 transações, registam-se 253 transações acumuladas no ano e crescimento de 38,2% no período em relação ao mesmo período em 2021.

Os setores de maior destaque continuam sendo associados, direta ou indiretamente, à tecnologia, e representaram aproximadamente 25% das transações anunciadas no período. Serviços financeiros (onde tecnologia também está fortemente presente), representaram cerca de 20%, sendo seguido por setores de serviços (B2B e ao consumidor), logística, mídia e entretenimento e produtos de consumo. Investidores estratégicos continuam liderando o número de transações anunciadas estando presentes em aproximadamente 61,0% das
operações.

Em relação a players destacaram-se no período de janeiro as transações da XP Inc. (aquisição do Banco Modal) por cerca de R$ 3,0 bilhões, do Pátria, adquirindo usinas hidroelétricas da Contour Global, a operação do Softbank adquirindo participação na Creditas e Gupy (rodada em que a Riverwood também participou), a Sinqia adquirindo a Lote45 e a Petz adquirindo a Petix. Principais 10 transações de janeiro somaram cerca de R$ 10,0 bilhões.

Ler análise na íntegra

Alexandre Pierantoni, Managing Director, Head of Brazil Kroll Corporate Finance
alexandre.pierantoni@kroll.com

 

Petrobras and EIG near deal for Bolivia-Brazil gas pipeline

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State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three people with knowledge of the matter told Reuters.

Petróleo Brasileiro SA, as the company is formally known, is expected to receive more than $500 million for the 51% stake in TBG, added one of the sources, who requested anonymity to discuss private negotiations. The bid could reach up to $1 billion depending on details of the talks.

Under negotiation is Transportadora Brasileira Gasoduto Bolivia-Brasil (TBG), which operates the Brazilian section of the pipeline, called Gasbol.

The roughly 2,600 km (1,600 mile) pipeline system is the main transportation network for natural gas in the south of Brazil. It generated more than 900 million reais ($180 million) of operating profit for its owners in the first nine months of last year.

By Tatiana Bautzer and Gram Slattery via Reuters

Read full article.

Mattos Filho launches Venture Capital practice

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Venture Capital Practice

Dear clients and business partners,

In light of the startup market’s development both in Brazil and around the world, and with entrepreneurs and investors gaining increased experience in the industry, Mattos Filho announces the launch of its new Venture Capital practice.

The practice will benefit from our full-service and cross-practice expertise to efficiently attend clients that work across all aspects of this industry. Featuring specialists with significant experience in material transactions in Brazil, our services encompass legal and strategic support for highly scalable startups. This includes structuring and implementing their MVPs and business plans, as well as investment and strategic exits.

We have extensive experience designing and implementing domestic and international investment structures for investors. As such, we advise some of Brazil’s most active venture capital funds in different industries on regulatory concerns. We also advise companies from different sectors and industries in their corporate venturing projects, including, among others, structuring innovation hubs and acceleration programs.

Recently, venture capital investments surpassed private equity investments in Brazil, reaching a record BRL 46.5 billion, according to a survey by the Brazilian Private Equity and Venture Capital Association (ABVCAP), in partnership with KPMG. Brazil is already the largest venture capital market in Latin America; our specialists’ extensive expertise in the area makes them the ideal strategic partners for transactions within this innovative ecosystem.

Our new Venture Capital practice reinforces the importance we place on entrepreneurship for Brazil’s social and economic development. The formation of the practice coincides with efforts from the Legislative Branch – and certain regulators, such as the Brazilian Central Bank (BACEN) and the Brazilian Securities and Exchange Commission (CVM) – to improve and modernize the Brazilian regulatory framework.

The multidisciplinary team behind Mattos Filho’s Venture Capital practice focuses on serving both investors and investees with the dynamism and agility that this industry requires, providing creative solutions that drive transformation and foster entrepreneurship.

Learn more about our Venture Capital practice.

King & Spalding Opens Office in Miami

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King & Spalding opens its Miami office, with a particular focus on our Brazilian and wider LatAm practice.

We are thrilled to share the news of the opening of King & Spalding’s Miami office, which officially launched on February 28th. The office, our 23rd globally, will provide a diverse range of capabilities across many of our leading trial, transactional, and governmental practices, with a particular focus on further assisting the needs of our Brazilian clients, many of which have connections with the Sunshine State.

The office now serves as a base of operations for the more than 50 King & Spalding lawyers who are barred in Florida and regularly work on matters in the state. Given Florida’s rapidly expanding economy and strategic importance more broadly in the U.S., Brazil and across Latin America, as well as the firm’s many clients with business and legal interests in the state, the Miami office will be an important hub for the firm and our clients.

Market-Leading Capabilities in Florida

  • Top-ranked both globally and in Latin America, our international arbitration practice regularly represents multinationals in proceedings held in Miami, a growing global center for international arbitration and will continue to represent multinationals in arbitrations in other key global dispute venues, including Brazil and Latin America more broadly.
  • Our mass tort and consumer class action lawyers have represented clients in the consumer products, automotive, financial services, life sciences and technology sectors in hundreds of cases in Florida, with more than 100 jury trials in the past decade.
  • The healthcare team currently advises several of Florida’s largest hospital systems and other healthcare providers.
  • The firm’s government advocacy and public policy team will extend its reach into the state, led by two former Florida congressmen at the firm who already counsel clients in Florida.
  • The Miami office will become a client service center for the firm’s already leading private equity, fintech and healthcare technology capabilities.

Learn more

ABOUT KING & SPALDING

Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 1,200 lawyers in 23 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients.

 

Biden to Sign Crypto Order as Firms Face Sanctions Pressure

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President Joe Biden is set to sign an executive order this week that will outline the U.S. government’s strategy for cryptocurrencies, according to people familiar with the administration’s plans.

The order will direct federal agencies to examine potential regulatory changes, as well as the national security and economic impact of digital assets, said the people, who asked not to be named discussing the deliberations. The White House’s approach to crypto has attracted fresh attention in recent weeks after the U.S. and its allies levied sanctions on Russia, prompting concerns that organizations and individuals could use crypto to evade the restrictions.

Inflation-Related Wage Changes Require Employers to Keep Their CP-Eye on the Prize

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During his State of the Union address, President Biden indicated that getting inflation under control was a top priority, and to businesses he said, “Lower your costs, not your wages.” For many employers throughout the country, however, lowering wages has not been their response to the recent health or economic crises. And in parts of the country, by law wages are heading in only one direction—up—as many local minimum wage statutes adjust their rates to changes in the consumer price index (CPI). Below we provide not an economic forecast, but a forecast of what employers might expect to experience during these turbulent economic times so they can budget accordingly in the coming months and prepare for near-term (July 1) and future (January 1, 2023) mandatory wage rate changes.

During COVID-19, running a business has been anything but easy. We’ve all read about the “Great Resignation” causing “wageflation” (“a precipitous, unexpected and immediate rise in wages based on unique market forces,” per Forbes). And now with inflation, some companies might find themselves in an even more precarious situation. Although mid-year (July 1, 2022) minimum wage increases are still about four months away, some jurisdictions have already revealed what their rates will be; the changes are notable and demonstrate the impact rising inflation can have on wages in jurisdictions that adjust their minimum wage due to changes in the CPI.

On March 1, 2022, in New Mexico the minimum rates in both the City of Santa Fe and County of Santa Fe were CPI-adjusted from $12.32 to $12.95 per hour, an increase just above five percent. The District of Columbia announced that on July 1, 2022, its minimum wage will increase from $15.20 to $16.10 per hour, which is almost a six percent increase. To date, the highest announced increase belongs to the City of Los Angeles, California, where the annually adjusted minimum wage will increase on July 1, 2022 from $15.00 to $16.04 per hour, a boost close to seven percent.

By Sebastian Chilco via Littler

Read full article

U.S.-Brazil CEO Forum Call for Applications 2022-2025 TERM

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The Department of Commerce is calling for applications for all 12 U.S. Section seats on the U.S.-Brazil CEO Forum for the 2022-2025 term

The Department seeks to appoint U.S. Section members who represent a diversity of business sectors and geographic locations, consist of a range of small, medium, and large firms, and are reflective of the diversity of the U.S. population. The Forum provides business leaders with the opportunity to impact the U.S.-Brazil trade relationship and improve conditions for doing business in Brazil. To qualify, a candidate must be a CEO or president (or have a comparable level of responsibility) of a U.S.-owned or -controlled company that is incorporated or otherwise organized in and has its main headquarters in the United States and that is currently doing business in both Brazil and the United States.

To apply, please visit the linked Federal Register Notice. The application period will close on April 1, 2022.

Attached is the application document, a new element in the application process. (Note: The requested information on the top portion (points 1-10) does not need to be filled out on the application itself, and can be supplied in the format most convenient for the applicant. However, the second part (point 11) will need to be completed, signed and included with any supporting documents).

Background: Launched in 2007, the U.S.-Brazil CEO Forum consists of up to 24 CEOs from the United States and Brazil, who provide joint recommendations to the two governments to strengthen the U.S.-Brazil economic and trade relationship. The forum has successfully opened discussions between the United States and Brazilian governments on several important issues, including visa and tax reform, customs procedures, education, energy, defense trade, and infrastructure.

For more information please visit:

Federal Register Notice: 87 FR 9313

U.S.-Brazil CEO Forum Website: www.trade.gov/us-brazil-ceo- forum

Department of Commerce Press
Press: Press Release
Social Media: Twitter & LinkedIn

Contact
For inquiries and to request an application, please contact:

Christopher Di Trolio
Office of Latin America and the Caribbean
International Trade Administration U.S. Department of Commerce
Christopher.DiTrolio@trade.gov

Learn more

Program Offers Foreign Entrepreneurs the Opportunity to Work in the United States to Develop a Startup

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The International Entrepreneur Parole program, which was relaunched in May 2021, provides foreign start-up entrepreneurs (founders/ C-Suite) the opportunity to work in the United States to develop a promising start-up entity with significant potential for rapid business growth and job creation.

The International Entrepreneur Parole program is specifically targeted for early-stage tech entrepreneurs as an alternative to immediately qualifying for employment-based visa categories based on personal achievements or investment that do not consider the dynamics of a promising start-up entity in its early stages.

Entrepreneurs applying for parole under the International Entrepreneur Parole program must demonstrate that:

• At the time of adjudication and grant of initial parole they possess at least 10% ownership in a U.S. start-up entity created within the past five years;
• They hold a central and active role in the operations such that their knowledge, skills and experience would assist the start-up entity to grow in the U.S.;
• The start-up entity will provide a significant public benefit to the United States based on their role as an entrepreneur of the start-up entity by showing either:
o Significant capital investment (currently at least $264,147) from “qualified” U.S. investors with established track records (e.g. venture capital funds, angel investors or start-up accelerators);
o Significant government grants (currently at least $105,659) from U.S. federal, state or local government entities with expertise in economic development, research and development, or job creation; OR
o Additional reliable and compelling evidence that the entrepreneur would provide significant public benefit to the U.S. and would create jobs (e.g. applicant’s academic background and experience developing successful ventures, patents for promising technology and/or cutting edge research in areas of national benefit, the performance and impact of the start-up entity etc.)

Via Drummond Advisors

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Brazil Government Appoints Rodolfo Landim to Chair Petrobras Board

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Brazil’s government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer’s board, the company said in a filing on Saturday night.

Earlier in the day, Admiral Eduardo Bacellar Leal Ferreira told Reuters he planned to step down as chairman of Petroleo Brasileiro SA , as the Rio de Janeiro firm is formally known.

“Petrobras chairman is a 24-hour job and I want to spend more time with my family,” Ferreira said, adding he has two grown children living outside of Brazil.

Ferreira will stay until the end of his term. A shareholder meeting to renew the company’s board is scheduled for April 13.

The replacement comes as Petrobras faces pressure from investors to raise fuel prices as oil approached $120 per barrel. The company controls gasoline and diesel prices in Brazil with more than 80% of the country’s refining capacity.

Ferreira declined to comment on Petrobras’ fuel price policy.

By Sabrina Valle via Reuters

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The Ukraine Conflict & Related Sanctions: What Is the Impact on Global Workforces?

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The Russian military’s recent invasion of Ukraine, and the related sanctions against Russia have many companies asking:  how does this chaos impact our workforces in those countries?  This broad question is answered below, with the caveat that these answers are subject to change, given the very fluid nature of the situation.

Background

As fighting between Russian and Ukrainian forces continues, the United States, United Kingdom, European Union, and a host of other jurisdictions have imposed sanctions against certain Russian corporate entities and individuals, as well as against the Russian state as a whole.  Thousands of global employers, especially those with operations in Russia and Ukraine, are bracing for the inevitable economic impact, as workforces and supply chains are disrupted, just as the region was starting to recover from the crippling effect of the COVID-19 pandemic.  Indeed, it appears that the sanctions have already bitten into the Russian economy, with the S&P lowering its credit rating to “junk” status.

What are the sanctions imposed? 

  • U.S. Sanctions

Financial institutions:  The U.S. Department of the Treasury has targeted the “core infrastructure” of Russia’s financial system, sanctioning multiple financial institutions, including Sberbank, VTB Bank, and their subsidiaries.1  The sanctions against VTB Bank (Russia’s second-largest financial institution) and three other Russian financial institutions freeze any of these entities’ assets touching the U.S. financial system (as well as the assets of any entity owned 50% or more by the sanctioned institutions) and prohibit U.S. persons from dealing with them.  The sanctions against Sberbank, Russia’s largest financial institution, effectively cut off Sberbank’s ability to conduct transactions in the U.S. dollar. The United States is also taking measures to freeze Russian Central Bank transactions and prohibit the bank from deploying its international reserves.

By Lavanga Wijekoon, Stephan Swinkels, Elizabeth Lalik, Raoul Parekh, Darren Isaacs, and Uliana Kozeychuk via Littler

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Brazil trade balance posts biggest February surplus in five years

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Brazil posted a $4 billion trade surplus in February, the strongest performance for the month since 2017, official data showed on Thursday, amid higher volumes and prices of exported goods.

The monthly result topped the median forecast of a $3.55 billion surplus in a Reuters poll of economists, and was more than double the $1.8 billion surplus recorded in the same period a year ago.

According to the Economy Ministry, exports surged 32.6% from February 2021 to $22.9 billion, benefiting from a 22.6% expansion in volumes and a 13.5% increase in prices.

Imports rose 22.9% to $18.9 billion as a 30.9% rise in prices more than compensated for a decline of 2.5% in the volume of goods purchased by Brazil.

Reporting by Marcela Ayres Editing by Chris Reese, Kirsten Donovan via Reuters

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Henrique Meirelles defende a privatização da Caixa

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“O Brasil não precisa de dois grandes bancos públicos federais”, disse o ex-ministro

Em defesa da privatização completa da Caixa, o ex-ministro Henrique Meirelles, responsável por coordenar o plano econômico da candidatura do governador João Doria (PSDB) ao Palácio do Planalto, disse nesta quarta-feira, 2, que o Brasil não precisa de dois grandes bancos públicos federais.

Durante participação em webinar da Brazilian-American Chamber of Commerce, Meirelles considerou a venda da Caixa ao capital privado, num processo em que seria transferido ao Banco do Brasil o papel de financiador do programa nacional de habitação, como a melhor solução.

Por Eduardo Laguna (Agência Estado) via Esbrasil

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Vivo e Google Fazem Parceria para Levar Ferramentas Digitais a Escolas

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Com a solução das duas empresas, as escolas públicas e privadas terão maior suporte e ferramentas para se digitalizar

A Vivo Empresas firmou parceria com o Google para criar um pacote de serviços voltado para pequenas e médias instituições de ensino pelo Brasil no setor público e privado. Com a solução em conjunto, as escolas terão maior suporte e ferramentas para se digitalizar.

A transformação digital ao longo da pandemia afetou todos os setores, mas houve perdas ao longo desse processo e alguns tiveram mais dificuldades na adaptação. É o caso para escolas de pequeno e médio porte pelo Brasil.

Entre 2020 e 2021, a rede privada teve queda de 8,8 milhões para 8,1 milhões de matriculados. Enquanto isso, a rede pública teve leve aumento de matrículas chegando a 38,5 milhões de alunos.

Segundo Rodrigo Pimentel, head de Google for Education, a parceria vai ajudar a democratizar o acesso à tecnologia e ajudar as escolas a se adaptar no momento de hibridismo.

Mesmo com a vacinação de crianças e o retorno às aulas presenciais, uma espécie de modelo híbrido também vai acontecer na educação.

Por Luísa Granato via Exame

 

 

Brazil central bank chief says higher interest rates, positive fiscal are supporting FX

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Brazil’s central bank chief Roberto Campos Neto said on Tuesday that higher interest rates to combat double-digit inflation are supporting financial inflows, strengthening the Brazilian currency.

Addressing a conference hosted by investment bank BTG Pactual, he also said positive fiscal figures are helping to attract investment to the country, among other reasons that explain the recent exchange rate behavior.

In the year, the real has already risen more than 10% against the dollar, the best global performance for the period, easing pressures on consumer prices after inflation reached 10.4% in the 12 months through January.

“In the exchange front, I think there are several variables. There is a variable that is the higher interest rate itself, which brings flows because of the interest rate differential,” said Campos Neto.

By Marcela Ayres via Reuters

Read full article here

Shareholders approve Brazil’s Eletrobras privatization -report

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Shareholders of Brazilian state-run power company Eletrobras (ELET6.SA) approved on Tuesday the terms for the privatization of the company, according to a Valor Economico report citing sources.

According to the report, the company’s shareholders approved 12 items at a general meeting, including its privatization.

Brazil’s government expects the privatization to happen through a share offering by mid-2022. Shares would be sold on Brazil’s Bovespa stock market and in the United States as American Depositary Receipts.

Reporting by Peter Frontini; editing by Richard Pullin via Reuters

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Meet our New Member Solstic Advisors

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Established in 2019, Solstic Advisors is an independent company specializing in M&A (Mergers and Acquisitions), Valuation (Company Valuations) and Capital Advisory (fundraising processes for growth).

They help shareholders, entrepreneurs and executives to take better alternatives and decisions of organic and inorganic growth for their companies.

Operating in Brazil and abroad, through a network of global partners, Solstic Advisors has experience in the most varied sectors of the economy, such as Transport and Logistics, Technology, Health, Education, Agribusiness, Commerce and Services and Industry.

Performance:

M&A

• Asset or companies sale
• Acquisitions
• Divestitures
• Mergers

Capital raising

• Structure debt to finance growth
• Credit lines for acquisition

Learn more

Global Entry is now available for Brazilian citizens

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The U.S. Customs and Border Protection (CBP) announced the launch of Global Entry arrangement with the Government of Brazil for Brazilian Citizens. The agreement includes those entering the United States for tourism and certain business purposes.

The application is available through Global Entry website:

Click here to learn how to apply

Global Entry allows an expedited clearance for pre approved, low risk travelers upon arrival at United States airports. Members enter the United States through automatic kiosks at numerous airports located within the U.S. and at Preclearance locations around the world. Brazil now joins a growing list of 13 Global Entry partner countries with full arrangements, including Argentina, Colombia, Germany, India, Mexico, the Netherlands, Panama, the Republic of Korea, Singapore, Switzerland, Taiwan, and the United Kingdom. Learn more

Via United Airlines

Itaú salta quase 6% após resultado do 4º tri; assista à análise

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As ações do Itaú (ITUB4) registraram forte alta nesta sexta-feira, 11, após o banco superar as estimativas do mercado em resultado do quarto trimestre e apresentar suas projeções operacionais para este ano. Os papéis do banco chegaram a subir mais de 7% na máxima do dia, e encerraram o pregão com ganhos de 5,91%, liderando as altas do Ibovespa.

A forte valorização das ações do Itaú ocorrem dias após os resultados do Bradesco (BBDC4) e do Santander (SANB11) terem adicionado preocupações sobre o setor. Os papéis fecharam o dia negociados em firme alta, assim como os do Banco do Brasil (BBAS3), que irá reportar seus números na próxima semana.

Por Guilherme Guilherme via Exame invest

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Apesar de aversão ao risco no exterior, Ibovespa encerra com ganhos e dólar cai

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Principal índice da B3 subiu 0,29%, aos 113.899,19 pontos, enquanto a moeda norte-americana desvalorizou 0,44%, a R$ 5,219, no menor valor desde setembro

O Ibovespa teve ganhos de 0,29%, aos 113.899,19 pontos, nesta segunda-feira (14). Esse é o quinto avanço consecutivo, enquanto o índice resiste ao clima de aversão ao risco que tomou conta dos mercados globais em meio às tensões geopolíticas.

A bolsa operou estável ao longo do dia após um acirramento das tensões na Ucrânia na última sexta-feira (11), com os Estados Unidos afirmando que a Rússia já reuniu tropas suficientes para invadir o país.

O dólar também foi impactado com a notícia de que os Estados Unidos realocaram a embaixada na capital ucraniana para o oeste do país.

A moeda caiu 0,44%, a R$ 5,219 – o menor valor desde 6 de setembro do ano passado (R$ 5,176), com o real entre as divisas globais de melhor desempenho no dia, ainda embalado pelo atrativo juro oferecido pelo Brasil.

João Pedro Malar do CNN Brasil Business em São Paulo com informações de Priscila Yazbek e da Reuters

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No. 74 of BMA Review presents our professional analysis about current matters that can be related to your business.

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Click here to read the new issue or check out all BMA Review’s articles below. If you’re interested in any of them, click on the titles to read the whole content.

Have a nice reading!

ENVIRONMENTAL AND CLIMATE CHANGE

Park concessions in Brazil: States take the lead

By Ana Cândida de Mello Carvalho, Beatriz Paulo de Frontin and Débora Signorelli Carvalho

The main challenge is drafting strong, clear concession contracts that make an appropriate allocation of risks and responsibilities between the parties and provide the legal certainty needed to attract private investment.

INFRASTRUCTURE AND REGULATORY & GOVERNMENT AFFAIRS

The impacts of the reform of the Administrative Improbity Law

By Plínio Simões Barbosa and José Guilherme Berman

The reform of Brazil’s Administrative Improbity Law, in October 2021, is an opportunity to streamline the application of penalties on companies involved in illegal conduct involving the public administration. The changes have a direct impact on businesses that have contracts with the government.

TAX

A new position on assessment penalties in tax cases dealing with goodwill?

By Vivian Casanova and Carolina Carvalho de Andrade

The mere absence of a business purpose for a corporate transaction, without any allegation of illegality in the goodwill itself, does not constitute fraud for the purposes of the doubled assessment penalty.

LABOR AND EMPLOYMENT

Court-awarded attorneys’ fees in the Labor Courts

By Cibelle Linero and Cristiana Fernandes Barros

At the end of October 2021, Brazil’s constitutional court struck down provisions of the Consolidation of Labor Laws dealing with payment of expert witness fees and court-awarded attorneys’ fees by unsuccessful claimants who are entitled to free access to the courts.

CORPORATE AND M&A

CVM Resolution 44 and the new presumptions on inside trading

By Fernanda Pereira Carneiro, Ana Luiza Guimarães Mendonça and Bruno Massena.

The main changes introduced by Resolution 44 involve presumptions on the use, access to, and knowledge of the importance of inside information, along with prohibitions against insider trading prior to the disclosure of financial information.

BMA Review

BTG capta R$ 1,5 bilhão para projetos sociais e ambientais

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Banco completa a primeira rodada do Programa de Captação Sustentável, lançado em novembro do ano passado

O banco BTG Pactual, do mesmo grupo que controla a EXAME, concluiu sua primeira captação em depósitos sustentáveis. O total captado por de R$ 1,5 bilhão. Os recursos serão destinados a projetos com benefícios sociais e ambientais. “Esta primeira captação é um marco em nossa história e a primeira de muitas”, disse Roberto Sallouti, CEO da instituição financeira. “Iniciativas de ESG e de impacto não são mais escolhas, são compromissos que todas as companhias e a sociedade precisam assumir.”

Mais de 20 empresas participaram da captação como primeiros parceiros da iniciativa, entre elas Ambipar Group, Armac, Casa dos Ventos, Cogna Educação, Comerc Energia, Cosan, Cruzeiro do Sul Educacional, Echoenergia, Eurofarma, Globo, GPA, Grupo Energisa, Klabin, Light, Neoenergia, Porto Itapoá, Raízen, Rede D’Or, Rumo, Simpar, State Grid e WEG.

A operação é parte do Programa de Captação Sustentável, lançado pelo banco em novembro do ano passado. É a primeira iniciativa do tipo na América Latina e faz parte da estrutura criada para dívidas sustentáveis, que podem ser emitidas pela instituição para fomentar setores como energia renovável, eficiência energética, saneamento, transporte limpo, edifícios sustentáveis, habitação e infraestrutura básica acessíveis, manejo sustentável e agricultura de baixo carbono, transmissão de energia, controle da poluição e eficiência dos recursos e financiamento a pequenas e médias empresas.

Por Rodrigo Caetano via Exame invest

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Meet our New Member United Airlines

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Connecting People. Uniting the World.

United has the most comprehensive route network among North American carriers, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C.

United Airlines is more committed than ever to creating a more diverse, equitable and inclusive workplace, airline and world where we all thrive, besides pledging to be 100% green by reducing greenhouse gas emissions 100% by 2050 in its commitment in contributing to fight climate change.

United is proudly connecting the United States and Brazil for 30 years, currently operating daily nonstop flights from Sao Paulo to New York (Newark), Houston, Chicago and 3 weekly frequencies to Washington D.C. and from Rio de Janeiro to Houston daily.

Learn more.

Future of Health

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How to transform BioPharma for the upcoming LIFEcare system

In the past years, healthcare systems and the pharmaceutical industry have undergone tremendous changes given technological, regulatory and socioeconomic disruptions. Covid-19 has further intensified and catalyzed these changes in healthcare systems and healthcare delivery. Among others, regulators paved the way for more dynamic and faster decision-making, approved novel technologies including digital health solutions and created new reimbursement pathways. In parallel, medical and biological research has made breakthroughs with emerging technologies including in-silico protein folding prediction, novel cell therapies and other treatment platforms. With those trends materializing, borders between industries continue to blur. This convergence of healthcare, technology and retail and consumer industries will lead to what we call the LIFEcare system. The critical question for each player in that new normal will be: Are you prepared and what’s your right to be successful in this changing future?

Our 2021 global Future of Health study, based on interviews with and survey responses from 150 senior healthcare executives, confirms our belief that this acceleration has only just begun. Over the next decade, the transformation of healthcare will in turn shape the road to success for BioPharma companies in an unprecedented way.

Based on the survey findings and our engagement with clients and partners, we expect the emergence of what we call the LIFEcare system, characterized by a convergence of wellcare and disease care systems. Overall, more than 75% of healthcare executives agree that LIFEcare systems will be widespread by 2035, especially in cardiovascular and metabolic diseases, oncology and neurology.

This adjustment will involve significant disruption of the BioPharma value chain. At the same time, we forecast that the creation of new opportunities in areas such as preventative care and personalized nutrition will lead to a two to threefold increase in the global wellcare, creating a total value pool of 2.8 to 3.5 trillion USD by 2030.

By PwC 

Read full article here.

Brazil plans to unleash $707 mln in fresh agriculture subsidies

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Brazil’s government plans to unveil 3.7 billion reais ($706.73 million) in fresh agriculture subsidies after its initial allocation for the sector ran out amid sharp interest rate hikes, according to a source involved in the plan.

The source, who spoke to Reuters on condition of anonymity, said the government will soon sign an executive order announcing 800 million reais that will be allocated as credit to climate-affected producers in the south of the country, as well as farmers in the state of Mato Grosso do Sul.

Another 2.9 billion reais will be earmarked for subsidized loans to producers after the Treasury announced the suspension of these operations this week.

However, the funds for the subsidized loans are reliant on a bill that has yet to be sent to Congress, said the source, adding that the government is still studying what it can cut from this year’s budget to accommodate the new spending.

By Marcela Ayres via Reuters

Read full article here.

Rubens Ometto: saiba o que pensa o bilionário do agro

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Fundador líder e presidente do conselho do Grupo Cosan fala do futuro do agronegócio brasileiro, do meio ambiente e das 40 mil pessoas que ele “carrega junto”.

A lista de bilionários brasileiros da Forbes, publicada no ano passado, traz 40 nomes ligados ao agronegócio, do total de 315 listados em todos os setores da economia. Entre eles está Ometto, um dos principais nomes do agronegócio brasileiro. Em 2020, a Cosan, um conglomerado que reúne Raízen e Rumo (duas companhias totalmente identificadas com o agro) e mais a Moove, a Compass e a Trizy, faturou R$ 68,6 bilhões.

A Raízen, que nasceu em 2011 como uma joint venture com a norte-americana Shell, faturou no ano passado R$ 120,6 bilhões. A companhia é uma das mais modernas do mundo na produção de etanol de primeira e de segunda geração (produzido a partir da palha, a biomassa que seria descartada no campo), mais biogás, bioenergia e hidrogênio verde a partir dos resíduos do biogás, que por sua vez é gerado pelos resíduos do etanol de segunda geração.

Por Vera Ondei via Forbes

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BTG Pactual Compra Carteira de Varejo da Planner Investimentos

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O BTG Pactual fechou a aquisição da carteira de varejo da Planner Investimentos, que assim deixa de atuar na corretagem e assessoria de investimentos para a pessoa física.

A transação não envolve o CNPJ da corretora, que prosseguirá atuando no atendimento ao público institucional, em serviços como administração fiduciária, fundos, câmbio e operações estruturadas.

Desde que lançou o projeto do BTG Pactual Digital, em 2017, o banco já fez mais de uma dezena de aquisições, movimento que incluiu nomes da velha guarda, como Ourinvest, Necton e Fator, e também novatas como a dobradinha Empiricus/Vitreo, além de participações em corretoras nascentes com escritórios de agentes autônomos vindos da rede XP – caso de EQI, Lifetime, Arton Advisors e Acqua Vero. Tudo para ampliar a sua capacidade de distribuição.

A saída da Planner do segmento de varejo deixa para trás mais um nome tradicional do mercado de valores mobiliários no Brasil. Souza Barros, Magliano, Spinelli e Concórdia (que se juntaram para formar a Necton) não conseguiram investir em tecnologia a contento para fazer frente à concorrência das plataformas que nasceram digitais.

Por Adriana Cotias, Valor

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Becker Glynn Wins $11.5 million judgment for Brazilian Telecommunications Company

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The Firm secured an $11.5 million judgment for the Delaware holding company of a Brazilian telecommunications company. Earlier in the case the New York court found the defendant liable for failing to make a multimillion-dollar investment. The case was scheduled for a damages trial. But when the COVID crisis postponed the trial, and the defendant resisted proceeding remotely, litigation partners Zeb Landsman and Jesse Conan devised a creative legal solution and asked the court to award damages in the amount of $7.5 million, without a trial, based on certain undisputed facts. The court agreed, assessed the damages submissions by the parties, and ruled the client was entitled to $7,499,900, plus interest.

Via Becker Glynn

Read full article here.

Brazilian bank BTG Pactual announces $177 mln share buyback program

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SAO PAULO, Jan 11 (Reuters) – Brazilian investment bank BTG Pactual BPAC11.SA announced on Tuesday a new share buyback program, under which it expects to repurchase up to 1 billion reais ($176.58 million) in stocks within 18 months.

BTG Pactual said in a securities filing it aims to use its cash in an efficient way with the buyback plan, looking to “maximize the company’s capital allocation”. The repurchased units will be kept in treasury, it added.

Brazilian investment bank BTG Pactual BPAC11.SA announced on Tuesday a new share buyback program, under which it expects to repurchase up to 1 billion reais ($176.58 million) in stocks within 18 months.

BTG Pactual said in a securities filing it aims to use its cash in an efficient way with the buyback plan, looking to “maximize the company’s capital allocation”. The repurchased units will be kept in treasury, it added.

Reporting by Gabriel Araujo, Editing by Louise Heavens – Reuters / Nasdaq

Read full article here.

Elizabeth Bagley Nominated as next U.S. Ambassador to Brazil

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President Biden Announces Nominees for Ambassadors and Key Roles

President Joe Biden announced his intent to nominate the following leaders to serve as key leaders in his administration:

  • Elizabeth Bagley, Nominee for Ambassador Extraordinary and Plenipotentiary to the Federative Republic of Brazil
  • Jane Hartley, Nominee for Ambassador Extraordinary and Plenipotentiary to the United Kingdom of Great Britain and Northern Ireland
  • Alexander Laskaris, Nominee for Ambassador Extraordinary and Plenipotentiary to the Republic of Chad
  • Alan Leventhal, Nominee for Ambassador Extraordinary and Plenipotentiary to the Kingdom of Denmark
  • Kathryn Huff, Nominee for Assistant Secretary for Nuclear Energy, Department of Energy
  • Deborah Coen, Nominee for Member of the National Council on the Humanities
  • William Brodsky, Nominee for Member of the Securities Investor Protection Corporation

Elizabeth Bagley, Nominee for Ambassador Extraordinary and Plenipotentiary to the Federative Republic of Brazil

Elizabeth Bagley has worked in diplomacy and the law for over four decades. Her diplomatic experience includes service as Senior Advisor to Secretaries of State John Kerry, Hillary Clinton, and Madeline Albright. She has also served as Special Representative to the United Nations General Assembly, Special Representative for Global Partnerships, and United States Ambassador to Portugal.

Bagley is currently the owner and Board member of SBI., a cellular communications company in Show Low, AZ. Previously, Bagley served as Of Counsel to Manatt, Phelps law firm in Washington, D.C., specializing in international law. She also worked as Adjunct Professor at Georgetown University Law Center and as Associate Producer for ABC News in Paris, France and Washington, DC. Earlier in her career, Bagley served in the State Department as congressional liaison for the Panama Canal Treaties, Special Assistant for the Camp David Accords and Congressional liaison to the Conference on Security and Cooperation in Europe (Helsinki Accords) in Madrid, Spain. Bagley earned a B.A. at Regis College, Weston, Massachusetts, and a J.D. at Georgetown University Law Center.

She is the recipient of numerous honors, including the Secretary of State’s Distinguished Honor Award, the Meridian International Public Diplomacy Award and the Grand Cross of Prince Henry the Navigator, Portugal’s highest civilian honor.

Via The White House

Read full article here.

Inaugural Social Bond Offering by Banco do Brasil

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Shearman & Sterling advised Banco do Brasil, acting through its Grand Cayman Branch, in connection with the offering of an aggregate principal amount of US$500 million 4.875 percent social bonds due 2029 issued under its Euro Medium Term Note Program.

Banco do Brasil’s Sustainable Financing Framework aligns with the International Capital Markets Association’s 2021 Green Bond Principles, 2021 Social Bonds Principles and 2021 Sustainability Bonds Guidelines, among other principles. Banco do Brasil intends to allocate an amount equal to the net proceeds from the issuance of the social bonds to finance or refinance existing or future social projects, including affordable housing, SME finance and microfinance, socioeconomic advancement and empowerment and access to essential services.

This transaction represents the continuation of the Firm’s long-standing relationship advising in connection with debt and equity securities offerings by Banco do Brasil.

Via Shearman & Sterling

Read full article here.

Fintech and Insurtech Innovation in Brazil Set to Take Off on Regulatory Tailwinds

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Startups and VCs see opportunities in open banking, finance and insurance

Brazilian instant payment system Pix ended 2021 having powered more than 8 billion transactions, according to statistics from the country’s Central Bank. This is quite an impressive figure for an offering only launched in November 2020 and goes to show how ubiquitous Pix has become in the country.

You could describe Pix as “a government-built version of Venmo,” as João Pedro Thompson, founder of fintech Z1, told TechCrunch. However, the analogy doesn’t fully capture the fact that Pix appeals to many more than just digitally savvy teenagers repaying friends for coffee. Otherwise, it wouldn’t be used by six of 10 Brazilians.

In a country where many people are still unbanked and queuing to pay bills is part of daily life, the impact of being able to pay anyone instantly can’t be understated. In addition, Pix now supports more services, such as letting you withdraw cash from businesses.

It’s interesting that Pix is an institutional initiative, part of a wider range of public efforts to transform Brazil’s financial landscape. “The Central Bank has been doing a tremendous job and Pix is one of the most relevant structural changes,” Brazilian VC Bruno Yoshimura told TechCrunch when we wrote about Latin America’s fintech boom.

By Anna Heim via TechCrunch

Read full article here.

This Brazilian Billionaire Should Be Your Role Model for Corporate Activism

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Luiza Helena Trajano, high-profile leader of Brazilian commerce giant Magazine Luiza, epitomizes how successful entrepreneurs can be great social activists.

Super-rich entrepreneurs love to explore brash endeavors outside the mainstream of their business—say, the high-profile space race between Jeff Bezos and Elon Musk, or Larry Ellison’s obsession with the America’s Cup. But it remains genuinely rare, and worthy of attention, when a billionaire entrepreneur takes a hard look at the society around their business and commits to brash endeavors to challenge inequality, racism, and the crisis fueled by COVID-19.

That’s precisely what’s happening in Brazil, where Luiza Helena Trajano, the longtime leader of one of the country’s most celebrated companies, is generating headlines for her outsized commitments to social justice and public health. Trajano is the high-profile face of a giant electronics-and-appliance retailer named Magazine Luiza (in Portuguese, a “magazine” is a small store that sells a wide range of merchandise). Trajano’s company has become a legendary growth story whose 1,400 stores transformed retailing in Brazil, made her a billionaire, and turned a 70-year-old, 4-foot-nine-inch woman into a homespun business celebrity.

By Bill Taylor via Fast Company

Read full article here.

Meet our New Member REDD Intelligence

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REDD is a leading provider of proprietary news on emerging market, event driven special situations. They deliver forward looking news and analytics on over 1,500 companies across the globe through an online platform and suite of mobile applications.

REDD’s recognized team of journalists and analysts report on material and impactful trading catalysts, allowing bankers, asset managers and advisors to capitalize on opportunities relevant to their unique needs.

Learn more here.

Tecnologia pelo Planeta: app “NHAM” leva agricultura familiar à merenda escolar em Sergipe

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O Instituto de Pesquisas em Tecnologia e Inovação (IPTI) utiliza dados e inteligência artificial para promover agricultura local e melhorar índices nutricionais de escolas

Quando o assunto são as tecnologias sociais, o Brasil tem um potencial imenso a explorar. Com uma criatividade invejável, pesquisadores têm construído pontes entre os setores público, privado e comunidades mais vulneráveis. É este o caso da NHAM, iniciativa que busca promover a agricultura familiar e combater as altas taxas de anemia nas crianças e adolescentes da rede pública de ensino em Santa Luzia do Itanhy, em Sergipe, um dos municípios com um dos menores Índices de Desenvolvimento Humano (IDH) do Brasil.

Quem está por trás dessa investida é o Instituto de Pesquisas em Tecnologia e Inovação (IPTI), que trabalha desde 2003 na promoção de tecnologias sociais nas áreas de educação básica, educação empreendedora e saúde básica, apoiados no que denominam The Human Project, um modelo de desenvolvimento pautado na educação, cultura, inovação e tecnologia.

“Foi em 2010 que decidimos sair de São Paulo e levar o nosso centro de pesquisa e de desenvolvimento para Santa Luzia do Itanhy, em Sergipe, uma região de extrema pobreza para que pudéssemos desenvolver tecnologias sociais que atendam às demandas da maioria dos municípios brasileiros e também de comunidades de outros países da América Latina e África”, afirma Saulo Barretto, cofundador do IPTI e responsável pelas atividades de relacionamento institucional e de novos negócios.

Por Nicole Wey Gasparini, do Um Só Planeta

 

JPMorgan’s Marko Kolanovic Says It’s Time to Buy the Dip in Stocks

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JPMorgan Chase & Co. strategists led by Marko Kolanovic say it’s time to start buying the dip in the U.S. stock market.

“The pullback in risk assets in reaction to the Fed minutes is arguably overdone,” Kolanovic wrote in a note to clients Monday. “Policy tightening is likely to be gradual and at a pace that risk assets should be able to handle, and is occurring in an environment of strong cyclical recovery.”

Stocks have tumbled, sending the S&P 500 to the worst start of a year since 2016. Richly valued technology shares have borne the brunt of the selling as traders ratcheted up their expectations for rate hikes from the Federal Reserve.

ByLu Wang via Bloomberg

Read full article here.

Billionaire’s Star Rises as She Takes Bold Stance on Racism in Brazil

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SÃO PAULO, Brazil — It was a casual conversation that led Luiza Trajano, one of Brazil’s wealthiest women, to ponder her country’s racism, to recognize her part in it — and to do something about it.

A few years back, she said, she had heard a young, accomplished Black businesswoman mention that she never attended happy hours with colleagues unless her boss explicitly asked her to join. Years of feeling the rejection that many Black Brazilians experience in predominantly white settings had taught her to seek clear invitations, the woman explained.

Ms. Trajano, who is white, felt a pang of sadness. Then an uncomfortable thought crossed her mind.

“At my birthday parties, there aren’t any Black women,” Ms. Trajano remembered thinking. “That’s structural racism that, in my case, is not born out of rejection, but out of failing to seek them out.”

That moment of introspection for Ms. Trajano, who had turned a small family business into a retail behemoth, helped plant the seeds for a bold corporate affirmative action initiative, which has drawn praise, outrage and plenty of soul searching in Brazil.

By Ernesto Londoño via The New York Times 

Read full article here.

Brazil’s Petrobras to start testing renewable diesel with customers in January

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Brazil’s state-run oil company Petrobras (PETR4.SA) will start testing new renewable diesel based on co-processed edible oils with customers in January, while awaiting regulatory approval to sell it commercially, the company’s refining director told Reuters.

The tests are expected to take about six months and will be backed by a fuel distributor and a bus fleet owner, whose names are yet to be revealed, Petrobras’ refining director, Rodrigo Costa, said.

The oil giant had successfully tested the renewable diesel production system at its Repar refinery in mid-2020, but it sees the new testing phase as important in confirming its effectiveness.

Repar is currently capable of producing 114,000 tonnes per year of renewable fuel based on co-processed soybean oil.

Reporting by Marta Nogueira in Rio de Janeiro Writing by Gabriel Araujo Editing by Matthew Lewis via Reuters

Read full article here.

Brazil’s BNDES postpones public hearing on Eletrobras privatization to January

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Brazilian state-run power company Eletrobras (ELET6.SA) said on Monday that a public hearing to be held by state development bank BNDES on its privatization process has been postponed to Jan. 5 from Dec. 22.

Centrais Eletricas Brasileiras SA, as the company is formally known, did not provide details on the delay. The Brazilian government expects to privatize the company by the second quarter of 2022, according to Mining and Energy Minister Bento Alburquerque.

Reporting by Gabriel Araujo. Editing by Jane Merriman via Reuters

See original article here.

Vax Up, Speak Up, or Stay Home: New York City Issues New Guidance on Vaccination Mandates for Private Workplaces and the Key to NYC Pass

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As previously reported, New York City’s vaccination mandate for private employers goes into effect on December 27, 2021. This measure, issued as an order from the New York City health commissioner in response to a public health emergency, mandates that all private employers require proof of vaccination from all workers entering the workplace. On December 15, 2021, New York City published its guidance on the mandate as well as Frequently Asked Questions (FAQs). Separately, Mayor de Blasio issued a revised emergency order expanding the Key to NYC Pass for covered businesses to require employees and patrons, including children five years old and up, to be vaccinated to enter these indoor establishments. All this comes on the heels of New York State’s December 13, 2021 mask order, which requires that individuals wear masks in all indoor public places unless there is proof of vaccination as a condition of entry. This insight summarizes the takeaways for employers operating in NYC.

Private Employer Update

Step One: Understand the Mandate.

Businesses may not allow any unvaccinated workers to enter the workplace after December 27, 2021 for the duration of the mandate, unless a reasonable accommodation has been made. A “workplace” is “any location — including a vehicle — where you work in the presence of at least one other person.”

Importantly, the new mandate does not apply to workplaces already covered by other federal, state or local mandates, including the Key to NYC Pass, discussed separately below, and the Centers for Medicare and Medicaid Services (CMS) mandate.1

Step Two: Verify & Record Vaccination Status of Employees.

Employers are expected to verify and document the vaccination status of all workers who regularly enter the workplace by December 27, 2021.2 There are three ways to do this:

  1. A worker’s record can be a copy of their proof of vaccination or a record of a reasonable accommodation with supporting documentation.
  2. Businesses can create their own paper or electronic record that includes the following information for each worker:
    1. Worker’s name
    2. Whether the worker is fully vaccinated
    3. For workers who submitted proof of the first dose of a two-dose vaccine, the date by which they must provide proof of a second dose (no later than 45 days after submitting proof of the first dose)
    4. Record of reasonable accommodation with supporting documentation
  3. Businesses may check each worker’s proof of vaccination before they enter the workplace each day. They must keep a record of each verification.

By Devjani Mishra, Mark Phillis, Lisa Griffith, Daniel Gomez-Sanchez, Emily Haigh, and Sanjay Nair via Littler

Read full article here.

Who’s Who Legal recognizes Mattos Filho as Brazilian Law Firm of the Year for the third consecutive time

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We are very pleased to announce that Mattos Filho has been recognized as Law Firm of the Year in Brazil by Who’s Who Legal for the third consecutive year.

As one of the most important guides in the international legal market, each year Who’s Who Legal conducts extensive research on the performance of law firms and legal practitioners throughout the world to determine the winners in each category. More information about this year’s awards can be found here.

We believe this result is directly due to our multidisciplinary approach to outstanding service. It reinforces our commitment to making clients central to our decision-making, anticipating trends and presenting tailor-made legal solutions.

We would like to thank and congratulate our professionals, whose dedication and active support have contributed to this important achievement.

Governo Brasileiro Publica Novas Portarias Relacionadas a Procedimentos de Investigações de Defesa Comercial

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A Secretaria de Comércio Exterior, do Ministério da Economia, publicou quatro novas Portarias relacionadas a procedimentos de investigações de defesa comercial, principalmente investigações antidumping. As Portarias disciplinam práticas já adotadas pela Subsecretaria de Defesa Comercial e Interesse Público e determinam critérios para a utilização de disposições previstas de forma não detalhada no Decreto nº 8.0858/2013.

​Em 29 de novembro de 2021, a Secretaria de Comércio Exterior (SECEX), do Ministério da Economia (ME), publicou quatro novas Portarias relacionadas a procedimentos de investigações de defesa comercial, principalmente investigações antidumping (AD). As Portarias disciplinam práticas já adotadas pela Subsecretaria de Defesa Comercial e Interesse Público (SDCOM) e determinam critérios para a utilização de disposições previstas de forma não detalhada no Decreto nº 8.0858/2013.

Via Veirano Advogados

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Santander to invest $6 bln in digital transformation in Latin America

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Spain’s Santander (SAN.MC) will invest around $6 billion between 2022 and 2024 to promote digital transformation of its Latin American operations, the bank said in a statement on Wednesday.

Santander’s diversification overseas, especially in Latin America, has helped the bank cope with tough conditions for lenders in Europe in the years since the financial crisis.

It hopes that expanding in emerging economies will help it deliver faster growth than its core markets in Europe of Spain and Britain.

Santander has previously said it invests around $5.6 billion in technology per year as a group.

Reporting by Jesús Aguado; editing by Andrei Khalip via Reuters

Read full article here.

AmEx, fintech startup expand ‘credit passport’ to Brazilian immigrants

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American Express and a San Francisco-based fintech startup are offering tens of thousands of Brazilians in Massachusetts a chance to use their credit histories from their native country to build their credit in the U.S.

American Express and Nova Credit announced Tuesday the opening of eligibility for their “credit passport” to Brazil, as well as the Dominican Republic, Kenya and Nigeria. That’s in addition to Australia, Canada, India, Mexico and the United Kingdom and other countries added in the two years the companies have worked together.

“In a nutshell, we can take an immigrant who would have otherwise been rejected because they don’t have a US credit file and we’re able to get them approved and access their journey of building their own U.S. credit file,” said Misha Esipov, co-founder and CEO of Nova Credit.

By Steph Solis  –  Digital Editor, Boston Business Journal

Read full article here.

Global Digital Trust Insights Survey 2022

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Simplificar para reduzir riscos cibernéticos

As conexões digitais se multiplicam e formam teias cada vez mais emaranhadas de novas tecnologias. Isso faz com que os processos necessários para gerenciar e manter toda essa rede – inclusive a segurança cibernética – também se tornem mais e mais complicados.

Alguma complexidade é necessária e até desejável no atual contexto. Por exemplo, ter um telefone capaz de fazer muito mais do que chamadas simplifica a nossa vida, pois permite carregar vários dispositivos no bolso – gravador de voz, câmera, calendário, relógio, TV, uma biblioteca inteira de livros, entre outros.

Mas há uma complexidade desnecessária, nociva, e os altos executivos já perceberam isso. Para 77% dos líderes brasileiros que participaram da nossa pesquisa Digital Trust Insights 2022 (75% no mundo), as organizações se tornaram complexas demais para serem protegidas. Membros da diretoria, do conselho e líderes de TI e segurança estão preocupados que essa dificuldade desnecessária e evitável exponha suas organizações a riscos cibernéticos e de privacidade.

A PwC Research, o centro de excelência global da PwC para insights e pesquisas de mercado, conduziu a pesquisa Global Digital Trust Insights, antes conhecida como Global State of Information Security Survey (GSISS).

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Nubank debuts with $52 bln market cap, becomes Brazil’s third most valuable public firm

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Digital lender Nubank’s (NU.N) shares opened 25% above the offer price in their stock market debut on Thursday, giving the company a market capitalization of nearly $52 billion, making it the third most valuable listed firm in Brazil.

At that valuation, the Sao Paulo-based fintech, backed by Warren Buffett’s Berkshire Hathaway Inc (BRKa.N), is only behind commodities players Petrobras (PETR4.SA) and Vale (VALE3.SA).

On Wednesday, Nubank priced its initial public offering at the top end of a range it had lowered earlier due to concerns over a global rout in technology stocks, to raise nearly $2.6 billion. The offer was eight times oversubscribed, one source with knowledge of the matter said.

The flotation comes as a record year for U.S. listings, which saw heavyweights like Coinbase (COIN.O) and Robinhood (HOOD.O) go public, draws to a close.

Reporting by Niket Nishant in Bengaluru, Carolina Mandl and Tatiana Bautzer in Sao Paulo, Echo Wang in Taos, New Mexico, Krystal Hu and David French in New York; Editing by Krishna Chandra Eluri and Shailesh Kuber via Reuters

Brazil will have sold off dozens of airports by end of 2022, government says

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Brazil is auctioning airports in what the government describes as a bid to raise investments and modernize infrastructure.

Sixteen airports will be auctioned — including Congonhas in São Paulo, and Santos Dumont in Rio de Janeiro — by the end of 2022, the government said in a tweet Wednesday.
They add to the 34 airports already auctioned by Brazil since 2019, which raised around 34 billion Brazilian real (US$ 6 billion), the government said.
“It is strategic for Brazil to transfer control of airports to the private sector in order to increase investments and the quality of services,” it added.

By Hande Atay Alam, CNN

PicPay wants to become Brazil’s superapp and attract WhatsApp conversations

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Born as a financial application to facilitate banking transactions, PicPay is becoming a “super app”, a solution that integrates several services in one place. According to Luiz Fernando Diniz, head of Social at the startup, the company wants to embrace more and more functions, especially from social networks, and be the home of interactions on other platforms, such as WhatsApp.

In an interview with TecMundo, the company executive made it clear that it aims to be a “Brazilian WeChat”. The Chinese app is known for encompassing payment services, marketplace, and social functions, all in just one app.

By The Rio Times

Read full article here.

Brazil emerges from Covid ‘nightmare’ through vaccination blitz

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After suffering one of the world’s worst Covid-19 disasters, Brazil is staging a turnround with a steep drop in deaths and a mass inoculation campaign as it beefs up its ability to manufacture coronavirus shots.

During a devastating second wave of infections earlier this year, Latin America’s most populous nation was the epicentre of the global outbreak, peaking at more than 4,200 fatalities recorded in a single 24-hour period in April.

But daily deaths from the disease have since fallen to under 200 on a seven-day rolling average, with the rate per 100,000 residents currently below the US, EU and UK.

By Michael Pooler in São Paulo via Financial Times 

Read full article here.

Biden Administration Issues New Executive Order to Restrict International Travel in Response to Omicron Variant of COVID-19

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Between January 25, 2020 and February 29, 2020, the former administration issued three separate executive orders restricting travel from China, South Africa, Brazil, the Republic of Ireland, the United Kingdom, and the Schengen region of Europe as a measure to reduce the spread of COVID-19. President Biden extended each of these proclamations on January 21, 2021, which remained in place until withdrawn by executive order on October 25, 2021. Under this executive order, all COVID-19 travel bans were lifted effective November 8, 2021, and replaced with mandates for vaccinations and proof of negative COVID-19 testing prior to international travel.

By Jorge Lopez and Sarah Holler via Littler

Read full article here.

Na ONEVC, os anjos que atravessaram o vale da morte com Gympass e Creditas

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Bruno Yoshimura, 2017 POY Fellow and General Partner and Co-Founder at ONEVC

Nem só de grandes cheques vivem as startups. Até chegar a eles, as novatas precisam sobreviver ao vale da morte, que marca os primeiros meses ou anos de vida — uma ajuda financeira nessa fase, portanto, faz bem por merecer o epíteto de anjo.

Por mais de dez anos, um grupo (ou seria uma legião?) composto por Arthur Brennand, Bruno Yoshimura, Alexa Noschese, Eduardo Campos e Rafael Costa se trombou no ecossistema, entre um investimento anjo e outro, o que incluiu unicórnios como Gympass, Creditas e Quinto Andar, com um portfólio de mais de 70 investimentos.

Das conversas que mantinham, o quinteto chegou à conclusão de que, unidos, poderiam preencher um gap. Assim surgia a ONEVC, gestora de venture capital que se especializou em seed money.

Por Luiza Ferraz via Valor Economico.

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Biden mantém comando do BC dos EUA: entenda o que isso significa para a economia

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Alta da inflação influenciou a decisão do presidente de continuidade em política monetária, segundo analistas

Ao escolher manter Jerome Powell em seu cargo, Joe Biden provou que aprendeu uma lição valiosa com o ex-presidente Barack Obama sobre a importância da continuidade ante o partidarismo durante tempos econômicos desafiadores.

O atual presidente do Federal Reserve, o banco central dos Estados Unidos, foi indicado para o cargo pelo ex-presidente Donald Trump em 2017.

Assim como Obama manteve Ben Bernanke no cargo após a Grande Recessão de 2008, apesar de ter sido indicado pelo republicano George W. Bush, Biden reconheceu que faz sentido manter Powell para que ele possa continuar no comando da recuperação pós-Covid.

Por Paul R. La Monica via CNN Business

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Investimentos e Parcerias Fazem do Ceará Pioneiro em Hidrogênio Verde

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O estado aposta na formação de um ecossistema de desenvolvimento do combustível do futuro, debatido em um seminário internacional online e gratuito.

“Acredito que um dia a água será usada como combustível, que o hidrogênio e o oxigênio que a constituem, usados de forma isolada ou simultânea, oferecerão uma fonte inesgotável de calor e luz a uma intensidade superior à do carvão mineral”.

Em mais de uma ocasião, a previsão do escritor Júlio Verne, publicada em 1875 no romance A Ilha Misteriosa, foi citada no Centro de Eventos do Ceará na manhã de 14 de outubro. Diante de uma plateia híbrida, composta por participantes presenciais e com transmissão gratuita pela internet, 14 autoridades e especialistas se revezaram no Seminário Internacional Hidrogênio Verde no Ceará.

By Governo do Ceará via Valor Econômico

Read full article here.

Second Circuit Upholds New York’s Vaccination Mandates for Healthcare Workers Without Religious Exemptions

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In a November 4, 2021 opinion, the U.S. Court of Appeals for the Second Circuit upheld New York’s vaccine mandate for healthcare workers, rejecting arguments advanced by healthcare professionals in two different district court cases that the mandate’s failure to provide for religious exemptions violated their religious freedoms and should be enjoined.

As we previously reported, New York State Department of Health’s Public Health and Health Planning Council unanimously approved an emergency regulation requiring vaccination for all covered personnel employed in hospitals, nursing homes, and other identified healthcare entities.1  This mandate took effect on August 26, 2021, and required covered personnel of hospitals and nursing homes to receive their first COVID-19 vaccine by September 27, 2021, while those employed by other covered facilities had until October 7, 2021 to receive their first dose.2  Under the mandate, covered personnel are persons who, if infected with COVID-19, could potentially expose other covered personnel, patients or residents to the disease.  It should be noted that the mandate, while not providing for a religious exemption, does permit a medical exemption, as discussed below.

By Kelly C. Spina, Terri M. Solomon, and Lisa M. Griffith via Littler.

Read full article here.

Banco do Brasil beats profit estimates and lifts 2021 outlook

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Brazilian state-controlled lender Banco do Brasil SA on Monday beat analysts’ estimates for third quarter profit and said it is likely to post a full-year net income higher than it had previously forecast.

The bank sees its recurring net income, which excludes one-off items, at up to 21 billion reais ($3.81 billion), or 1 billion reais higher than before, as its loan book is poised to expand faster.

Recurring net income came in at 5.139 billion reais, up 47.6% from the same period a year earlier, and above an analysts estimate compiled by Refinitiv of 4.496 billion reais. Its return on equity came in at 14.3%.

Its net interest income, a measure of earnings on loans minus deposit costs, rose 11.9% year-over-year to 15.683 billion reais, driven by lending and trading gains.

By Carolina Mandl/Reuters via Yahoo Finance.

Read full article here.

Legal Insights From Brazil to Start Your Week

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Capital Markets | 5 Key Points For Companies and Founders About IPO Process in Brazil

2021 has been marked by the return of initial public offerings (IPOs) in the Brazilian market, with over 50 transaction until October.

From fintechs to tech and agribusiness companies, there has been a solid return of offerings flow that should remain in 2022.

Below are 5 key points about IPOs that companies and founders typically question:

1. Which Company Size Can Do IPO in Brazil: B3, the Brazilian stock exchange, has 5 listing segments, being Bovespa Mais, Bovespa Mais Level 2, Novo Mercado, Level 2 and Level 1. They cover, like Bovespa Mais, from small and medium-sized companies that wish to access the market gradually, to the Novo Mercado, those that are more consolidated and that have a differentiated corporate governance standard;

2. Pre-IPO Process Phase: at this stage, the company’s Corporate Governance is evaluated and improved, with (i) the creation of board of directors with the participation of independent members; (ii) reform of bylaws; (iii) election of investor relations officer; (iv) contracting an external audit; (v) entering into a shareholders’ agreement; (vi) implementation of executive compensation programs; (vii) creation of integrity policy and code of ethics;

3. The IPO Process: (i) the registration of a publicly-held company with the Brazilian Securities and Exchange Commission (CVM) will be carried out, so that the company is allowed to trade its shares on the stock exchange; (ii) registration of the public offering of shares before the CVM and (iii) listing procedures before B3;

4. Which Investors Will the IPO Focus On? The IPO may have (i) an offer registered in Brazil only, (ii) registered in Brazil with efforts to sell abroad, (iii) an offer with restricted efforts in Brazil and abroad, and (iv) an offer registered in Brazil and abroad;

5. Documentation of the IPO: the legal instruments that involve the public offering of shares are diverse, including (i) the prospectus (in Portuguese and, for an offerings abroad, in English), being the main document of the offering; (ii) Brazilian and international distribution contracts, which deal with the relationship between the company and the institutions coordinating the offering; (iii) corporate acts that approve the offering, the IPO and the listing; and (iv) notice to the market, announcements of opening and closing of the offer; among others.

The items above address doubts that companies and founders, from small to large, have on going public and public offering of shares, a movement that should remain in 2022.
Tax | Interest on Net Equity (“JCP”) Payout in Brazil and Its Deductibility Without Time Restrictions May Become Opportunity for Companies

Brazilian companies that pay Interest on Net Equity (known as “JCP”) to shareholders and stockholders are allowed to deduct the amounts paid from gross income without time limitation, according to a recent ruling rendered by the Brazilian Federal Administrative Tax Court (CARF). It is a very important “overruling” favorable to taxpayers. 

JCP subject to income tax at a flat tax rate of 15% (general rule) or 25% (if the beneficiary is a nonresident company or individual located in a blacklisted jurisdiction – tax heaven). From an objective point of view, the advantage to companies is that that JCP is deductible from Corporate Tax (IRPJ) and Social Contribution on Profits (CSLL) calculation of basis, which combined can reach a rate of 34%. 

Just recently, it has been recognized that the deductibility has no time restrictions because there is no such provision of the law. In a more exact way, the deductibility of JCP from gross income includes interest of previous periods. There are indeed legal requirements and deductibility limits are provided, but they there is no time restriction. 

It is a very favorable decision to taxpayers, especially because it strengthens the principle of tax legality and legal certainty, recognizing that the time limitation established by the Federal Revenue of Brazil (RFB) in order to discipline the matter is a restriction that is not provided by the law and, therefore, it is illegal.  

It is worth noticing that this “overruling” by the Brazilian Federal Administrative Tax Court is related to changes of procedure rules in the administrative proceeding. Everyone responsible for decision-making on behalf of companies, especially in Brazil, must follow legislative changes, including procedure changes, and the administrative and judicial decisions.

Via Feijó Lopes Advogados 

Turn on the Lights: New York Mandates Transparency in Electronic Monitoring

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While employers generally provide some form of notice of electronic monitoring, as a matter of practice, in their employee handbook, New York now requires transparency about workplace monitoring as a matter of law.  On November 8, 2021, New York’s governor signed a bill that amends New York State’s Civil Rights Law to require private employers not only to notify employees of electronic monitoring, but also to obtain their written acknowledgement of the notice.  The amendment will become effective on May 7, 2022.

By Philip Gordon, Joseph Flanagan, and Spencer Soucy via Littler

Read full article here.

Clients Embed ESG Principles into Collateral Management Leveraging BNY Mellon ESG Data Analytics

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NEW YORK, Nov. 15, 2021 /PRNewswire/ — Market participants are now able to apply their environmental, social and governance (ESG) principles to the assets they are willing to accept as collateral, utilizing innovative ESG Data Analytics by BNY Mellon.

In a milestone development for the collateral industry, international collateral management clients using BNY Mellon’s electronic collateral schedule manager, RULE, now enjoy the capability to digitally express their ESG preferences by leveraging ESG ratings and indexes. The firm’s US clients are able to take advantage of these same ESG eligibility capabilities by updating their schedules using the current US methodology.

The functionality draws on MSCI ESG Ratings through BNY Mellon’s ESG Data Analytics. These ratings assign ESG scores to securities under three distinct pillars: an environmental score, a social score and a governance score. These three scores are then adjusted and aggregated into a final ESG letter rating, from AAA to CCC.

The ESG Data Analytics incorporate these MSCI ESG Ratings into clients’ collateral eligibility decisions via the schedule manager. In practice, this means collateral receivers and providers can agree that only securities with a certain ESG rating are acceptable as collateral.

“Rolling out this capability takes RULE, a proven technology that has already transformed the process of negotiating collateral schedules, and expands it into a very crucial and topical area of focus for the industry,” says Brian Ruane, CEO of Government Securities Clearing Corp., Clearance & Collateral Management and Credit Services at BNY Mellon. “Now, through the incorporation of capabilities from ESG Data Analytics, a client can bring their ESG priorities into negotiations around acceptable collateral, adding an entirely new dimension of utility to the platform.”

MSCI ESG Ratings represent just the first input into BNY Mellon’s ESG collateral management capabilities in what will be an iterative process of further honing the sophistication of the Data Analytics’ patent-pending ESG mapper. In future releases, BNY Mellon expects to add supplementary ESG data to clients’ ability to express their ESG preferences, making the offering even more responsive to their environmental, social and governance goals.

Launched in 2019, RULE affords collateral providers and receivers the ability to negotiate collateral schedules, establishing which assets each party is willing to accept as collateral in real time. The electronic platform has transformed a time-intensive, labor-intensive, paper-based negotiation that commonly took weeks to complete, reducing the negotiation period to a matter of hours.

BNY Mellon’s ESG Data Analytics helps institutions reach their sustainable investment goals by employing a unique combination of crowdsourcing and data science to enable them to benchmark their ESG principles against their peers. The Data Analytics also help clients customize and monitor portfolios in alignment with their sustainability missions, address demonstrability concerns and support evolving standards for ESG implementation practices.

ABOUT BNY MELLON
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Sept. 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Contact:

Peter Madigan
peter.madigan@bnymellon.com
+1 212 815 2308

Nina Truman
nina.truman@bnymellon.com
+1 212 815 2006

SOURCE BNY Mellon

New Brazilian Ordinance Restricts Employers’ Use of Vaccination Mandates

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Deviating from recent labor courts’ decisions and Labor Prosecutor’s Office recommendations, on November 1, 2021, Brazil’s Ministry of Labor and Welfare (a body of the Federal Government) issued Ordinance # 620/2021, establishing rules and restrictions relating to the vaccination of employees against COVID-19.

By Renata Neeser, Marilia Minicucci and Pamela Gordo via Littler

Read full article here.

BTG Pactual reports record revenue and net income for the second consecutive quarter, totaling R$3.8bn and R$1.8bn, respectively

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Bank posted strong growth in all business lines, maintaining robust capital and liquidity metrics

BTG Pactual (BPAC11) reported, for the second consecutive quarter, record revenues and net income of R$3.8bn and R$1.8bn, respectively. BTG also posted its second highest Net New Money (NNM) in history of R$88bn, only below Q2´s R$98bn, which included R$12bn from the acquisition of Necton (inorganic NNM reported last quarter). As a result, the amount of Assets under Management and Wealth under Management (AuM/WuM) achieved R$942bn.

“We reported another quarter of record results with strong net inflows, robust capital and liquidity metrics and a high-quality credit portfolio growth. I would like to thank our clients for recognizing the quality of our business, supported by the seven awards granted to us during the quarter”, stated Roberto Sallouti, CEO of BTG Pactual.

Via PR Newswire

Read full article here.

 

New York Dramatically Expands Whistleblower Rights

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New York has historically been known as a bedrock of employment-at-will.  Its legislature and courts were long resistant to permitting exceptions to this doctrine, such as by recognizing public policy “wrongful dismissal” lawsuits outside the statutory prohibitions against discrimination, harassment, and retaliation set forth in the state Human Rights Law.

In recent years, though, New York has significantly expanded legal protections for private-sector employees.  For instance, the #MeToo era led to sex harassment law reforms, and the legislature has expanded discrimination law protections to independent contractors.

New York has now also dramatically expanded protections for private-sector whistleblowers.  New York’s whistleblower law, codified at Section 740 of the Labor Law, had provided narrow whistleblower rights, prohibiting retaliation only against employees who complained of practices that actually constitute a “substantial and specific danger to the public health or safety.”

By Philip Berkowitz and Jeanine Conley Daves via Littler

Read full article here.

Governo Concede Redução Temporária de 10% nas Alíquotas do Imposto de Importação

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Em 5 de novembro de 2021, o Comitê-Executivo De Gestão Da Câmara De Comércio Exterior (GECEX) publicou a Resolução Nº 269, de 4 de novembro de 2021. A medida reduz em 10% as alíquotas ad valorem do Imposto de Importação (II) dos produtos elencadas no Anexo Único da referida Resolução, que incluem produtos finais, insumos e bens intermediários.

O objetivo da Resolução GECEX Nº 269/2021 foi facilitar o combate aos efeitos da pandemia do coronavírus (COVID-19) na economia nacional, como a alta na inflação, o aumento do custo dos fretes e a desvalorização cambial.

A medida é de grande envergadura, abrangendo mais de oito mil linhas tarifárias (ou seja, 87% do universo tarifário).

Serão mantidas as alíquotas vigentes no que diz respeito a produtos sujeitos a regimes especiais no comércio com a Argentina, como é o caso de vestuários, calçados, produtos lácteos, pêssegos, brinquedos, e produtos automotivos (automóveis e autopeças), cujo II original seja superior a 14%.

Ler artigo na íntegra.

Also available in English.

Global Economy Watch: Is High Inflation Back for Good?

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High levels of inflation in most advanced economies (AEs) is starting to make some policymakers, households and some of our clients nervous. The real question is whether this is temporary or something that will last longer? To answer this question, this edition of Global Economy Watch disentangles the inflation dynamics we see in AEs and analyses the arithmetic, demand and supply side drivers.

The arithmetic driver tells us that some of the increase in the inflation rate in the first half of the year is due to ‘base effects’. Shutting down and reopening segments of the economy has led to erratic price changes. These have led to statistical oddities which will gradually fade.

On the demand side, even though the  rebound has been strong in the G7 (the Group of Seven is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States), most are  still operating with a significant degree of  slack or an output gap. The International Monetary Fund (IMF) estimates that this will persist for a few years for all of  the G7 except the United States (US). However, the  employment data suggests that even the US  labour market is operating with significant  slack. On balance, we think that the risk of  demand-pull inflation is low.

Via PwC

Read full article here.

Ransomware – Como Enfrentar Ataques Cibernéticos

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Ataques cibernéticos têm se tornado ubíquos. Crimes digitais não encontram fronteiras e podem ser praticados de qualquer parte do mundo, podendo ter como alvo pessoas ou organizações que estão a milhares de quilômetros de distância da localização dos atacantes.

Enquanto assaltos a bancos de forma física parecem existir cada vez mais so- mente em filmes, todos os dias são disparados ataques a instituições financeiras ao redor do mundo no ambiente digital.

A forte propagação de crimes digitais durante a pandemia de Covid-19 está sendo sentida em diversos países do mundo, e o Brasil não é exceção. Em 2021, o número de ataques cibernéticos promovidos especialmente contra empresas brasileiras, tanto as que atuam somente no país, quanto as que possuem estabe- lecimentos em outros países, vem crescendo vertiginosamente.

Dentre esses ataques, uma das modalidades mais recorrente é o ransomware, prática que envolve o sequestro de dados pelos criminosos e a realização de um pedido de resgate, normalmente em valores financeiros expressivos.

Via BMA Advogados

Ler artigo na íntegra.

Why LatAm’s fintech boom is more than hype and superlative venture investment

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For all the startup markets in the world, fintech in Latin America is one of the hottest. Capital is flowing into the region’s financial technology companies at a slicing pace, leading to a wave of startups that are building private-market value at a simply astounding rate.

The sheer volume of capital flowing into LatAm fintech startups may appear overheated, but several reasons explain why the flood makes sense. This isn’t to say that every deal and every resulting valuation markup is logical. But there are several factors in play that make the booming venture capital totals these companies are raising more reasonable than they might initially appear.

Regulatory tailwinds in select markets are helping build momentum for fintech products. Also, several startups — we’ll speak to Pomelo and Belvo below; Swap is another example — are working to build infrastructure that should help bring more financial services to market.

By Alex Wilhelm, Anna Heim via TechCrunch.

Read full article here.

PwC at COP26: Making the transition to net zero

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Climate change isn’t a challenge for tomorrow, it needs to be tackled now. COP26 is shining a light on climate issues and the extent of change needed.

How can the world go faster to net zero? What innovative tools and solutions have real potential to scale up efforts to reach net zero in time to limit the worst effects of climate change on people and our planet? And what does this mean for business? Throughout COP26, we’ll be exploring some of the big questions facing the world and sharing our insights and perspectives.

By PwC

Learn more here.

COP-26: Força jovem dos brasileiros da ‘geração Greta’ em defesa da pauta climática

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Eduarda Zoghbi | 2019 Person of the Year Fellow

Manifesto dos jovens pela mudança climática será lançado nesta quinta-feira; na sexta-feira haverá a tradicional passeata pelas ruas de Glasgow

LISBOA – O documentário “Uma Verdade Inconveniente”, do americano Al Gore, mudou a vida da brasileira Eduarda Zoghbi. Ela estava com dez anos de idade quando, por sugestão de uma professora, viu pela primeira vez o político ambientalista falar sobre mudança climática. Nascida e criada em Brasília, Eduarda está em Glasgow, e participa nesta quinta-feira de um dos eventos mais importantes da conferência: a divulgação de um documento com sugestões de jovens para deter a mudança climática, de cuja elaboração participou.

O documento foi desenvolvido em vários grupos de trabalho na pré-COP de Milão, no início de outubro. Entre as sugestões está a disseminação da educação ambiental: “É fundamental para o mundo que os jovens saibam da mudança climática o quanto antes. Foi fundamental também na minha vida”, diz Eduarda, que hoje tem 28 anos.

Por João Gabriel de Lima, O Estado de S.Paulo

Ler o artigo na íntegra.

Mattos Filho leads Chambers Brazil 2021 in ranked practice areas

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Mattos Filho has more practice areas featured than any other firm in the Chambers Brazil 2021 guide, with 27 in all. In the Transactional Guide chapter – the last stage of the review cycle, released today – seven areas were recognized: Banking & Finance, Capital Markets, Corporate/M&A, Investment Funds, Projects, Real Estate, Tax: Non-contentious.

This year, we were also ranked in two other of the guide’s chapters: ‘Industries & Sectors’, with twelve of our practices featured, and ‘Contentious’, with eight.

Chambers & Partners is one of the most important institutions in the international legal market.

This result reinforces our outstanding full-service practice model and the commitment to provide innovative legal solutions that meet our clients’ needs.

Learn more here.

Brazil, Colombia Lead Latin America for FinTech Growth

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The FinTech trade is flourishing in Colombia, with an expansion of 120% each year and investments of more than $1 billion in the past three years, according to a report from the FinTech Times. Brazil is the fifth-largest FinTech market worldwide, earning more than 70% more investment in 2020 than in 2019, according to the report. The countries’ success is helping to align Latin America’s FinTech advancements with Asia and the U.S., according to the article.

Since the COVID-19 pandemic, online banking services and FinTechs have overwhelmingly set up shop in Colombia, making the country the third-largest FinTech epicenter in Latin America after Brazil and Mexico, according to PYMNTS.

In addition, a recent study found that 40 percent of Colombian consumers are purchasing products digitally, with eCommerce sales anticipated to reach $6 billion to $8 billion by the end of 2022, according to PYMNTS.

By PYMNTS

Read full article here.

Investment in Brazilian Startups Is Booming

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Venture-capital funding in Brazil tops countries including South Korea and Indonesia, even in a slow-growth economy with macroeconomic risks

Risky investment bets on young technology entrepreneurs in Brazil are starting to pay off. That is spurring a boom in startup financing in a country long dominated by entrenched corporate giants.

Digital banking startup Nubank, founded in 2013 just before a sharp economic decline, has attracted investors such as Berkshire Hathaway Inc. and will soon hold an initial public offering in New York. In May, online services marketplace GetNinjas made its debut on Brazil’s stock exchange. Two months earlier, enterprise software company RD Station was purchased for $330 million in one of the country’s largest ever software deals.

By Vinod Sreeharsha via The Wall Street Journal

Read full article here.

Meet our New Member Barbosa, Müssnich e Aragão – Advogados

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Their commitment to their clients and their availability, agility and desire to innovate has made them what they are today: a full service law firm with a highly-motivated, integrated and specialized team. Their partners and associates have a profound knowledge of public and private sectors, both regulated and unregulated, and are tireless in the search for creative, bold, sophisticated and advantageous outcomes for their clients.

Learn more here.

Four Steps to Gaining Consumer Trust in Your Tech

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Following a year of medical, social and economic upheavals, with nearly every organization rethinking how it does business and some experiencing major cyber intrusions amid the pandemic, where are customers when it comes to trusting companies with their data? Will they continue purchasing products and services from companies with which they’ve done business for years, even those affected by significant breaches?

Consumers once remained loyal to businesses despite mistrust over how their data was used. Most kept coming back even after well-publicized security breaches.

This phenomenon, the gap between the value consumers say they place on privacy and how they actually behave, has been called the privacy paradox by some experts on consumer behavior. Some who claim to be disturbed by privacy threats will keep giving away their personal data on social media platforms and elsewhere online, even returning to companies hit by theft of customers’ data.

Via PwC.

Read full article here.

Brazilian insurtech Justos raises $35.8M in Ribbit Capital-led Series A

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Justos, a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 million Series A round of funding led by Ribbit Capital.

SoftBank’s Latin American Fund and GGV participated as new investors, in addition to existing backers Kaszek, BigBets, Nubank CEO David Velez and Kavak CEO Carlos Garcia Ottati.

In May, Justos had announced a $2.8 million seed raise that included participation from Kaszek, one of the largest and most active VC firms in Latin America, and the CEOs of several unicorns including Assaf Wand, CEO and co-founder of Hippo Insurance; Sergio Furio, founder and CEO of Creditas; Patrick Sigrist, founder of iFood and Fritz Lanman, CEO of ClassPass. Senior executives from Robinhood, Stripe, Wise, Carta and Capital One had also put money in the round.

By Mary Ann Azevedo via TechCrunch.

Read full article here.

How Governments Can Push Towards a Better Tomorrow

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World leaders face six interconnected challenges, and although approaches and solutions will differ by country, taking key actions will benefit all.

The year 2020 was full of challenges for world leaders. No country was spared from the COVID-19 pandemic or the related economic, educational and national security crises. Issues of climate change became even more acute than they already were, with a record number of natural disasters, including fires, hurricanes and droughts. And geopolitical instability became a shared experience within and across nations, affecting countries that have been fragile for a long time and those that were previously viewed as stalwarts of democracy and stability. These challenges persist in 2021.

Citizens and businesses are looking to their government leaders to help them navigate and emerge stronger from these large-scale, complex problems. Most stakeholders have accepted that going back to the way things were in 2019 is not an option—or even a goal. Thinking ahead to 2022, they want a better future, informed by the lessons of 2020 and now 2021.

Via PwC

Read full article here.

Consumo consciente – Mindset do Consumidor nas Diferentes Faces do Mercado

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O consumo é um dos pilares da vida atual e uma das atividades que impactam diretamente a exploração de recursos naturais, nota-se uma tendência de mudança na forma de consumir. Além disso, percebe-se uma grande movimentação nos diversos segmentos do mercado para contribuir para a mudança do mindset do consumidor para um consumo consciente. Por isso, nosso evento tem como objetivo discutir medidas sustentáveis e impulsionadoras do consumo consciente dos segmentos de Produto, Aplicativo/tecnologia e serviços.”

Abertura:
Eduardo de Campos Ferreira – sócio da área Ambiental do Machado Meyer

Debatedores:
Rodolfo Araújo – Head de Legal e Tax do Ifood
Ana Paula Jacobus Pezzi – Gerente Jurídica da JBS
Eliane Santos – Gerente de Sustentabilidade Mercado Brasil na Natura

Mediação:
Thais Matallo Cordeiro – sócia da área Contenciosa, especialista em assuntos estratégicos de relações de consumo do Machado Meyer.

Oct 27, 2021 09:00 AM in Sao Paulo

Inscreva-se aqui.

Cash-Rich Tech Companies Are Remaking Post-Pandemic Manhattan

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High-profile purchases, leasing deals and hiring have seen technology companies threaten to upend Wall Street’s historic role as New York’s dominant industry.

Google made waves in Manhattan real estate when it bought the iconic Chelsea Market and its 2.9 million-square-foot New York headquarters building within a few years of each other in the past decade. The technology giant followed up last month with the largest U.S. real estate transaction since the pandemic, a $2.1-billion purchase of the under-construction St. John’s Terminal.

Google’s takeover of Manhattan’s West Side has been mirrored to varying degrees by Amazon, Microsoft, Apple, Facebook and Salesforce, each of which has established a campus in the city.  The surge in real estate occupancy shows how technology companies are rapidly displacing counterparts in banking and finance as the city’s biggest industry in the aftermath of the pandemic: Big tech also leads in employment growth and by volume of companies.

Two decades ago, Tim Armstrong, 50, became Google’s first New York-based employee. “If you were having a cocktail party for all the people who worked in the internet in New York, you could fit them all in a bar,” Armstrong says. “Now I’m guessing you’d have to take over Madison Square Garden, plus the Javits Center to fit everybody in.”

By David Jeans via Forbes.

Read full article here.

The 2021 edition of Client Choice Awards highlights Veirano’s lawyers for the excellence in client services

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The “Client Choice Awards” from Lexology, a British publication, which highlights lawyers and their firms for excellence in client service, recognized Veirano’s professionals in 3 practice areas:
  • Renata Fialho de Oliveira – Life Sciences
  • Gabriela Lessa – Corporate Immigration
  • Raphael Moreira Espírito Santo – Real Estate
 The survey is conducted with in-house lawyers from companies around the world, who evaluate the performance of the professionals from the firms that advise them. The criteria for the awards focus on the ability to add real value to the business from the clients’ point of view.
Published by Lexology, the Client Choice Awards is the result of more than 15 years of research to help clients find the top-rated lawyers for client service globally, and to facilitate referrals between law firms focused on client service.

BNY Mellon Utilizes Blockchain to Digitize Working Capital in Global Trade Finance

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BNY Mellon has joined a consortium working to introduce blockchain technology into international trade finance and digitize how working capital is provided to both suppliers and buyers across the globe.

Through its participation in the Marco Polo Network, BNY Mellon is now able to more efficiently insert liquidity into the international supply chain, providing supply chain finance solutions including both payables financing and receivables discounting to suppliers shipping goods and services to their buyers around the world.

The Marco Polo Network is a consortium of approximately 45 banks that provides an open software platform for trade, payments and working capital financing to banks, corporates and other market participants. It is a cloud-based blockchain-powered network that allows the seamless, secure and fast exchange of trade data assets in a multi-channel environment.

Utilizing Marco Polo, BNY Mellon will not only provide financing to suppliers, but will also have real-time visibility into trade finance instruments and their status, such as purchase orders and invoices.

By PRNewswire.

Read full article here.

Legal Insights From Brazil to Start Your Week

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Finance | 5 Key Points About FIAGRO – The New Brazilian Agribusiness Fund

Finance | 5 Key Points About FIAGRO – The New Brazilian Agribusiness Fund

FIAGRO – the new Agribusiness Investment Fund is now actively being used by fund managers to finance the Brazilian agribusiness and acquire rural land, with BR$ 2 billion been raised since August.

Created by Federal Law 14.130 and regulated by the Brazilian CVM Resolution 93, there are already 17 FIAGROs-Real Estate launched to invest mostly in CRAs (ag receivables securities), but also in rural land, and 3 FIAGRO-Receivables to finance CPRs (rural product note).

Due to the success of such new fund’s category, we list below 5 key points about FIAGRO tha may be of investors and fund managers interest:

1. What is FIAGRO: it is an investment fund regulated by CVM dedicated to grant credit, acquire rural land, M&A, asset and wealth planning, among others, in agribusiness.

2. What are the 3 categories of FIAGROs and their target assets: CVM has experimentally authorized 3 categories of FIAGROs:

(i) “FIAGRO-Receivables” take the form of “FIDC” and may invest in agribusiness receivables and securities backed by agribusiness receivables, including CRAs and CPRs;

(ii) “FIAGRO-Real Estate” takes the form of “FII” and may invest in rural lands and real estate receivables related to rural land, including CRAs and CRIs;

(iii) “FIAGRO-Participations” take the form of “FIP” and may invest in equity interests in companies that explore activities in the agri-industrial chain, including convertible securities. 

3. Who can benefit from FIAGROs: FIAGROs can be used by Brazilians and foreigners, including (i) lenders and fintechs, as a vehicle for credit and advance of receivables, (ii) real estate investors, as an investment vehicle for acquisition of rural lands in Brazil aiming at exploration, rural partnerships, land value appreciation, etc. (observing the legal restrictions for foreigners), (iii) Venture Capital, Private Equity and investors in general, as a vehicle for equity investment in agribusiness companies, and (iv) agribusiness family groups/companies, for asset, wealth and fiscal planning. 

4. Favorable Taxation of FIAGROs: in the same way as real estate funds, income distributed by FIAGROs to individual shareholders will be exempt from income tax, provided that (i) the fund has more than 50 shareholders, (ii) the respective shareholder does not holds more than 10% of the fund’s equity or earnings, and (iii) the shares are listed in exchange or over the counter.

As for investments, investments made by FIAGROs in CRAs, CRIs, CPRs, CDA/WAs, CDCAs are not subject to withholding income tax.  

5. Favorable Taxation in FIAGROs’ Capital Contribution: FIAGROs shares may be paid-in in cash, assets and rights, including real estate (rural land, among others). The payment of income tax arising from the capital gain on the shares paid-in with rural property by an individual or legal entity may be deferred to the date defined for the moment of sale of these shares or redemption.

The volume of 20 FIAGRO operating evidences the importance of this category of funds for the market. FIAGROs will allow Brazilian and foreign investors, lenders, fintechs, insurance companies and family groups to invest and finance the sector with legal certainty and tax efficiency.

Tax | 3 Tax Aspects of Cost Sharing Agreements in Brazilian Corporate Groups

Corporate groups can centralize the costs of common services (intermediate activities) among them in a single company of the group and then share the costs – this arrangement can be structured under a cost sharing agreement.

It is essential to consider, when drafting and performing the contract, that the tax burden over the reimbursements by other companies to the centralizing member can vary significantly in Brazil.

The “Brazilian IRS” (Receita Federal do Brasil) has already analyzed and established some aspects to be considered of domestic cost sharing agreements (Brazilian corporate groups) over the years. There are three key points to highlight:

1. Definition: a cost sharing agreement for tax purposes is the contract that conveys an operating structure created to centralized expenses in a centralizing member of the corporate group, without any profit margin or revenue markup on the amounts transferred, and, afterward, share costs within the group for the only purpose of economic efficiency. It is not to be confused with intragroup services nor contribution to costs between companies within the same corporate group.

2. Requirements to constitute reimbursement of expenses by cost sharing agreement (and not revenue, profit, price): (a) goods and services proven to be received and effectively paid; (b) necessary, usual and normal expenses to the activities of the companies (not eventual expenses); (c) the expenses apportionment being made must be according to reasonable and objective criteria, previously adjusted, formalized by an instrument signed between the companies (written contract); (d) the apportionment criteria must correspond to the actual expenses of each company and consider the global price paid for the goods and services, according to proper bookkeeping; (e) the centralizing company can only consider “expenses” the portion that fits the apportionment criteria (as well as other member companies benefiting from the agreement), indicating the amounts to be reimbursed as a recoverable credit in the bookkeeping; (f) the member companies must keep separate bookkeeping of all acts directly related to the apportionment of the expenses; (g) there can be no profit margin or revenue markup on the amounts transferred (reimbursements); (h) the amounts cannot constitute payment for services provided by the centralizing company.

3. Non-taxation of reimbursements: if the above requirements are met, the amounts related to the cost sharing agreements received by the centralizing member from other members of the corporate group are considered just reimbursements. So, there will be no taxation over this transfers by Corporate Tax (IRPJ) and Social Contribution on Profits (CSLL), nor by Social Security Contributions on Gross Revenue (PIS and COFINS).

From a tax efficiency point of view, it is essential to strictly observe the criteria established by the Brazilian IRS when stablishing a cost share agreement structure, performing the contract and doing the bookkeeping.

The tax and, consequently, financial impacts are enormous, depending on whether transfers are characterized as simple reimbursement of costs from a cost sharing agreement or not.

By Feijó Lopes Advogados

Conversas Inspiradoras – Palestra com Edu Lyra

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Na quarta-feira, 20 de outubro, às 5:30pm, venha ouvir a história inspiradora de Edu Lyra, o empreendedor social que tem um sonho ambicioso: transformar as favelas brasileiras em peça de museu.

Clique aqui para se registrar

Local: Consulado-Geral do Brasil em Nova York – 225 East 41st Street, NY 10017

Com apenas 33 anos, Edu Lyra já é um dos mais admirados empreendedores sociais do país. Palestrante requisitado, tendo sido convidado a falar em universidades como Harvard e Babson College e em empresas como Google, Ambev e Accenture. Lyra é fundador e CEO da Gerando Falcões, rede que viabiliza projetos de impacto social em periferias e favelas do Brasil. É uma realidade que conhece por experiência própria e que procura transformar por meio de ações mundialmente reconhecidas.

A palestra será seguida de coquetel.

Santander Spins off Merchant Payment Business Getnet Brazil

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Global banking leader Santander announced today the spinoff of their merchant payment business, Getnet Brazil. Beginning October 18th, Getnet will be listed on the B3 Exchange in Brazil, and on the Nasdaq beginning Oct 22nd. Santander sees the spinoff as the first step toward building Getnet into a global merchant acquiring business.  Already the 3rd largest acquirer in Brazil and number one in eCommerce processing, Getnet is planning a major expansion through the LatAm regions, into the UK, and eventually the North American markets. Getnet has doubled its market share in Brazil in just 5 years, and today services more than 1.2 million merchants in Brazil, Mexico, Argentina, Chile, Uruguay and parts of Europe.

The spin-off of Getnet Brazil, which was a wholly owned subsidiary of Santander Brazil, is part of Santander Group’s plans to create a global merchant acquiring franchise under the Getnet brand as part of PagoNxt – a technology-focused global payment fintech fully owned by Santander to integrate the bank’s most innovative and disruptive payments franchises.

by Don Apgar via PaymentsJournal.

Read full article here.

Hopes and fears 2021 – The views of 32,500 workers

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Workers want more digital skills, more inclusivity, and more flexibility

In one of the largest global surveys of workers, people revealed a mostly optimistic story, but one with some concerning undercurrents. Workers reported feeling excited or confident about the future. Most said they believe they can meet the challenges of automation — and they proved it during the pandemic: by learning new digital skills and by quickly adapting to remote work. Yet many people think their job is at risk, and half of all respondents feel they’ve missed out on career opportunities or training due to discrimination.

PwC is committed to highlighting the issues surrounding the digital divide and the societal and economic benefits of greater private-public collaboration on upskilling and reskilling. There’s a lot more to do to create more diverse, inclusive workplaces that allow everyone to give their best.

By PwC.

Learn more here.

Pesquisas mostram crescente interesse do consumidor por moda sustentável

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Mäby Dutra, Founder of DaCosta Verde. Photo Credit – Carol Biazotto

 

De tendência fashion a posicionamento central de marcas globais, nos últimos anos a moda sustentável alcançou patamares comerciais sem precedentes. Segundo relatório divulgado pela empresa de pesquisa Research And Markets, o crescimento mundial do setor deve passar de 6,3 bilhões de dólares em 2019 para $8,2 bilhões de dólares em 2023. Entre 2025 e 2030, esse número pode chegar a 15,2 bilhões de dólares, mostrando que investir em sustentabilidade é bom não apenas para o meio ambiente mas também para o futuro da indústria da moda.

A Economist Intelligence Unit (EIU) aponta que as buscas na internet por produtos sustentáveis tiveram crescimento de 71% nos últimos cinco anos. Englobando mais de 54 países, o estudo aponta que, no Brasil, os tuítes relacionados ao assunto aumentaram 82% no período analisado e o volume de notícias cresceu 60%.

O interesse do consumidor por esses produtos aumenta mesmo diante dos preços mais elevados da categoria. Segundo a Futuro do Comércio, pesquisa feita pela Shopify, 53% dos entrevistados afirmaram preferir produtos sustentáveis e 75% se dizem dispostos a pagar mais por itens ecológicos.

“Com o mercado aquecido, o setor enfrenta agora o desafio para diferenciar cadeias produtivas realmente sustentáveis de ações publicitárias oportunistas”, comenta Mäby Dutra, fundadora da DaCosta Verde. Baseada em Nova York, a diretora criativa de São Paulo trabalhou para uma das maiores autoridades no assunto, a designer britânica Stella McCartney. Em 2020, abriu sua própria grife com o objetivo de expandir a moda sustentável do Brasil para o mundo. Da escolha dos materiais à embalagem, passando pela ética social, a DaCosta Verde tem sua marca alinhada com os Objetivos de Desenvolvimento Sustentável (ODS) e apoio consultivo do escritório de parcerias da ONU na campanha We Are Amazônia. Na venda de cada camiseta da linha, comercializada no Brasil, Estados Unidos e, em breve, na Europa, a marca se compromete a doar cinco árvores para a floresta Amazônica, em parceria com a ONG S.O.S Amazônia.

Read full article here.

Mattos Filho recognized in World Tax, an important tax field ranking

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The 2022 edition of World Tax has classified Mattos Filho as Tier 1 in three categories: General Corporate Tax, Tax Controversy and Transactional Tax. Produced in association with the International Tax Review (ITR), World Tax is one of the main rankings recognizing the best firms and professionals in the tax practice area.
Twelve of our professionals were also recognized by the publication – the highest number among Brazilian law firms – with 20 recognitions in three areas: Tax Controversy, Indirect Tax and Woman in Tax.

We are proud to receive this recognition, which reinforces Mattos Filho’s commitment to maintaining a high level of excellence in all the services we provide our clients.

 

Dia do Turismo: 10 bilionários brasileiros que fizeram fortuna no setor

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Nesta segunda-feira, 27 de setembro, é comemorado o Dia Mundial do Turismo. Após um ano e meio de pandemia, o setor foi um dos que mais sofreu com as restrições e medidas de isolamento impostas para evitar a disseminação do novo coronavírus. Ainda que a pandemia tenha afetado as fortunas de empresários por trás de companhias aéreas, redes de hotéis e operadoras, o segmento segue presente na última edição da lista da Forbes de bilionários brasileiros.

David Gary Neeleman, fundador e principal acionista no Brasil da Azul Linhas Aéreas, é o nome do turismo mais bem colocado no ranking. Com fortuna estimada em R$ 7,42 bilhões, ele aparece no 69o lugar. Neeleman também é sócio da portuguesa TAP e opera, desde 2018, a Moxy Airways, companhia norte-americana de voos low cost.

By Mariangela Castro via Forbes Brasil.

Read full article here.

Global Crisis Survey 2021: Building resilience for the future

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PwC’s Global Crisis Survey 2021 examines the worldwide business community’s response to unprecedented social, economic and geopolitical disruption.

From altering corporate strategy to swiftly reshaping production capabilities, how did organizations react? How are businesses integrating what they’ve learned into a strategy for long-term resilience?

More than 70 percent of respondents said their business was negatively impacted by the crisis, and 20 percent said the crisis had a positive impact. What common threads are there among companies that are emerging stronger and those that are struggling to tread water?

Charting a resilience roadmap for 2021

Between 20 August 2020 and 25 January 2021, organizations representing 73 countries and 29 industries shared their observations. This year’s Global Crisis Survey is our second collection of corporate crisis data and analysis.

By PwC.

Learn more here.

Lifting international travel restrictions will boost U.S. economy – Commerce chief

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U.S. Commerce Secretary Gina Raimondo said on Thursday that the decision by the Biden administration to lift international travel restrictions in early November will be a boost to the U.S. economy, especially for tourist destinations like New York and for business travel.

Raimondo said the decision announced Monday to allow fully vaccinated foreign nationals to fly to the United States “is huge. I think it will really be a boost to our economy, it will certainly be a boost to travel, tourism, hospitality.” To address COVID-19 concerns, the U.S. has barred most foreign nationals from coming to the United States who have recently been in 33 countries including China, South Africa, Brazil, India and much of Europe.

Reporting by David Shepardson; Editing by Leslie Adler via Reuters.

Embraer shares soar with electric aircraft orders

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Brazilian planemaker Embraer SA (EMBR3.SA) said on Thursday its subsidiary Eve has signed a memorandum of understanding to sell up to 100 electric aircraft to lessor Bristow Group (VTOL.N), sending Embraer shares higher, in the latest sign of dealmaking in the nascent “flying taxis” sector.

Brazil-listed Embraer shares, which were also boosted by an upgrade to “buy” from “neutral” by analysts at Goldman Sachs, jumped 11.75% to 23.80 reais in early trading in Sao Paulo.

Embraer said in a securities filing that Eve will deliver the first vertical takeoff and landing (eVTOL) aircraft to Bristow by 2026. Both companies will develop an urban mobility model to operate the aircraft, focusing on areas such as regulatory development, eVTOL certification and autonomous operation.

By 

Read full article here.

Mattos Filho recognized in “Impact Deal of the Year”

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We have featured at the ITR Americas Tax Awards 2021, which recognizes important transactions and the performance of leading companies, law firms, and professionals in the tax area. This year’s edition saw Mattos Filho recognized for our work in Stone Pagamentos’ acquisition of Linx, with the transaction awarded in the ‘Impact Deal of the Year’ category.

We are delighted to receive this recognition, which serves to reinforce our commitment to excellence and collaboration in offering efficient and innovative legal solutions.

Learn more here.

Brazil set to expand public Wi-Fi network

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A new agreement will see the expansion of Brazil’s public Wi-Fi hotspots network to improve public service provision in locations lacking Internet connectivity.

Under the technical cooperation agreements signed between the Banco do Brasil Foundation and the Brazilian Micro and Small Business Support Service (SEBRAE) with the Ministry of Communications, some 1,000 locations nationwide will benefit from approximately 500 new Wi-Fi hotspots to be implemented by 2022.

The current free Wi-Fi network with satellite-based Internet consists of over 14,000 hotspots across 3,000 Brazilian municipalities, mostly located in the North and Northeast of Brazil. Some 11,000 schools use the hotspots, as well as 1,000 healthcare facilities and 475 Indigenous communities.

By Angelica Mari for Brazil Tech

Read full article here.

How to Lead through a Merger: US Airways and American Airlines

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In February 2013, US Airways announced that it would merge with American Airlines to create the world’s largest airline. During the acquisition integration process, CEO Doug Parker had to determine how best to combine the two airlines’ core systems, operating processes, and leadership teams, as well as the appropriate scope and speed of strategic changes. Parker knew that his choices would send important signals to employees, customers, and competitors.

by David G. Fubini,  David A. Garvin,  Carin-Isabel Knoop via Harvard Business Review.

Read full article here.

Mattos Filho announces new Life Sciences & Healthcare and Corporate/M&A practice partners

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We are very pleased to announce the arrival of two more partners to our firm. Gustavo Swenson has joined our Life Sciences and Healthcare practice, while Tomás Neiva is now part of our Corporate/M&A practice.

These areas have become more and more relevant in the wake of the coronavirus pandemic, attracting further investment as well as accelerating advances in technology and the entry of new players into the market.

To learn more about our Life Sciences and Healthcare and Corporate/M&A practices, please visit Mattos Filho’s website.

 

Brazil’s Vale launches self-driving trucks at its largest iron mine Carajas

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Brazilian miner Vale SA said on Thursday it had begun using self-driving trucks for the first time at its Carajas complex, its largest iron ore mining operation, as it continues to expand its use of the driverless technology.

Vale expects to boost productivity and safety by using the trucks to haul iron ore, said Pedro Bemfica, the executive heading the autonomous technology program.

The miner’s six self-driving vehicles at Carajas are nearly twice as tall and more than three times as wide as a conventional trucks and capable of holding 320 tonnes of iron ore.

By Marta Nogueira via Reuters.

Read full article here.

Brazil Overtakes U.S. in First-Dose Count After Vaccine Drive

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Brazil became the latest major country to pass the U.S. in the percentage of its citizens who have had at least one dose of coronavirus vaccine as the government’s inoculation campaign picks up speed and resistance to the shots fades away.

About 63% of Brazilians have now received at least one dose, versus 62% of people in the U.S., according to Bloomberg’s Covid-19 Vaccine Tracker. Countries including Germany, France and the U.K. have vaccinated at least 65% of the population with one shot, the data show.

By Fernando Travaglini/Bloomberg.

Read full article here.

New Beneficial Ownership Reporting Obligations in the U.S.

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On January 1, 2021, Congress passed the Corporate Transparency Act (“CTA”).  The CTA will become effective on January 1, 2022.  The CTA will require certain U.S. “reporting companies”[1] (including LLCs) to disclose to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), information on their (i) “beneficial owners” and (ii) individuals involved in forming or registering the companies.[2]

Under the CTA, a “beneficial owner” is defined as an individual who, directly or indirectly through any contract, arrangement or otherwise, exercises substantial control over an entity or owns or controls at least 25% of an entity’s ownership interests.

By McLaughlin & Stern LLP.

Read full article here.

Brazil’s Petlove raises $150M from Riverwood, Softbank to sell pet products and services online

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Petlove&Co, a São Paulo-based digital platform for products and services for the pet market, announced today that it has raised about $150 million (R$750 million) in a funding round led by Riverwood Capital.

The round is nearly double that of what Petlove has raised in its history. The company started its life as PetSuperMarket when it was founded in 1999 in the early days of the internet. Today, the company continues to operate an online store offering a wide range of pet products and services.

By Mary Ann Azevedo via Tech Crunch

Read full article here

Brazil confident soybeans harvest will confirm it continues as the world’s leader in the oilseed production

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Brazil’s National Supply Company, Conab, anticipated forecasts for the coming grains and oilseeds season 2021/22. The soy crop is expected to reach some 141,26 million tons or a 3.9% increase over the current harvest.

As to the area sown, it is estimated at 39,91 million hectares, 3,6% higher than in 2020/21, while yield per hectare could reach 3,539 kilos in 2022, up 0,29%. “It seems a tiny increase but it is significant given the latest technologies in which Brazilian farmers have invested”, according to Fernando Gomes da Motta, one of Conab’s managers.

 

Via Merco Press

 

Read full article here

Inclusion, Equity, & Diversity Update – SEC Approves Nasdaq Rule on Board Diversity

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As companies focus on workforce inclusion, equity, and diversity (IE&D), they are under increasing pressure to assure that the membership of their boards reflects these values. The Securities and Exchange Commission (SEC) recently approved a rule proposed by Nasdaq that requires companies listed on its exchange to meet certain minimum diversity targets on their boards or explain in writing why they are not doing so.  This “comply or explain” approach demands of corporations additional accountability for IE&D efforts, requiring them to navigate diversity and anti-discrimination considerations thoughtfully.

In the United States, implementing workforce quotas that mandate hiring on the basis of protected characteristics such as race, ethnicity, or gender is generally unlawful.  While the law encourages voluntary diversity efforts, they are subject to careful judicial scrutiny to ensure that they do not constitute unlawful “reverse” discrimination.  There has been an increase in investigations and related lawsuits as to whether diversity initiatives constitute unlawful discrimination.

 

By Philip Berkowitz, Corinn Jackson and Britney Torres via Littler

 

Read full article here

Littler COVID-19 Vaccine Employer Survey Report: Delta Variant Update

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After more than a year of a crushing global pandemic, the early summer brought hope for a long-anticipated return to normal business operations, at least in the United States. But those plans were derailed by the rapid spread of the highly contagious delta variant and mounting COVID-19 infections. The abrupt change left companies – many of which had just updated plans with an eye toward a post-pandemic future – scrambling to adjust policies on such pressing issues as vaccination, return-to-office timing and mask wearing.

To better understand where employers stand and where we may be headed next, Littler surveyed 1,630 in-house lawyers, C-suite executives and HR professionals from a variety of industries about their current plans, concerns and key considerations when it comes to vaccination of their workforces.

 

By Barry A. Hartstein and Devjani H. Mishra via Littler

 

Read full article here

The New Equation | Our strategy

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The New Equation focuses on two interconnected needs that clients face in a world of technological disruption, fractured geopolitics, climate change and the enduring impacts of the COVID-19 pandemic.

The first is to build trust. Our approach to building trust is designed to meet rising expectations of transparency and stakeholder engagement. It recognises that reporting and compliance are just one link in a chain that includes organisational culture, executive mindset, aligned standards, certified professionals, stringent controls, tailored technologies, and appropriate governance. It continues to place a commitment to quality at its core.

 

By PwC

 

Read full article here

Três ações para fabricantes de dispositivos de Internet das Coisas (IoT) motivadas pela IoT Cybersecurity Improvement Act de 2020

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  • Uma lei federal promulgada recentemente nos Estados Unidos visa tornar os dispositivos de Internet das Coisas (IoT) mais seguros e pode ser um divisor de águas para os fabricantes de dispositivos e as empresas que fornecem esses artefatos para o governo.
  • Muitos sistemas embarcados, incluindo IoT, carecem de controles básicos de segurança. As razões para isso incluem restrições de hardware, custos de segurança e pressa para colocar os dispositivos no mercado

 

By PwC

 

Read full article here

Brazil eyes more rigs as utilisation hits 92%

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Competitive rig utilisation for Brazil-based rigs has increased by 9% in six months, reaching 92% in June. Based on the current rig demand outlook and domestic supply drying up, it is likely that operators will have to source more rigs from outside of the region.

Esgian Rig Analytics shows that there are 22 rigs currently drilling offshore Brazil, and oil and gas companies are expected to ramp up activity further with a recent surge in tendering activity.

 

By Adis Ajdin via Splash 247.com

 

Read full article here

Tribute to H.E. Ambassador Carlos Eduardo Alves de Souza (1933-2021)

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Tribute to H.E. Ambassador Carlos Eduardo Alves de Souza

(September 21, 1933 – August 26, 2021)

 

On behalf of the Board of Directors of The Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on August 26, 2021, of Ambassador Carlos Eduardo Alves de Souza.

Ambassador Alves de Souza was born on September 21, 1933, to Wladimir Alves de Souza and Maria Adélia in Rio de Janeiro.

His diplomatic career spanned more than 40 years and many different countries. He served as Ambassador of Brazil to the Czech Republic, Paraguay, and Switzerland. He also held several senior positions in Brasília, including the Office of the President in 1985. Ambassador Alves de Souza served as Consul General of Brazil in New York between 1981 and 1984. His interaction with the Chamber strengthened ties between Brazil and the United States and furthered the Chamber’s mission of promoting trade and investment between the two nations. He retired in 2001 to Rio de Janeiro and focused on his family, friends, golf, and his beloved soccer team, Flamengo.

Our heartfelt condolences go out to the family and friends of Ambassador Carlos Eduardo Alves de Souza as we mourn his passing.

WhatsApp to adjust privacy rules in Brazil

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After months of negotiations with the authorities, WhatsApp has committed to adjust its privacy policy in Brazil with transparency practices rolled out in line with the rules in place in the European Union.

The commitment from the messaging app follows cross-government efforts led by the National Data Protection Authority (ANPD), the antitrust watchdog Cade, national consumer body Senacon and the Federal Prosecution Service. The authorities had been engaging with the platform to ensure data protection and consumer rights are observed in Brazil, in the context of the app’s updated privacy rules introduced globally in May.

 

By Angelica Mari via ZD Net

 

Read full article here

Brazilian Fintech Cora raises $116M Series B as Tiger Global, Tencent sign on as investors alongside Greenoaks

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Cora, a Brazilian digital lender to small-and-medium-sized businesses, has raised $116 million in a Series B round led by Greenoaks Capital.

This is a large Series B by any standards, but particularly so for a Latin American startup. It’s also notable that São Paulo-based Cora only raised its $26.7 million Series A round — led by Silicon Valley VC firm Ribbit Capital — in early April. The startup has now raised a total of $152.7 million since its 2019 inception.

 

By Mary Ann Azevedo via Tech Crunch

 

Read full article here

Brazil Could Provide A Quarter Of The World’s Offshore Oil In 4 Years

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As Brazil’s oil industry looks set to soar over the next decade, with the potential to provide almost a quarter of the world’s offshore oil by 2025, Big Oil is betting big on the oil-rich state.

Unlike the rest of the world, which reined in oil production in 2020 as demand stagnated in the wake of a global pandemic, Brazil actually increased its output. These sustained levels of production put it on route to double its output by 2030, making it the world’s fifth-largest exporter, a target that appears realistic thanks to its low cost-oil giving the country a competitive advantage over many OPEC+ states.

 

Via Yahoo Finance

 

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No Soup for You & Take Your Coffee to Go – Accommodations and the Key to NYC Pass

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New York City recently implemented the Key to NYC Pass, which requires patrons and employees of certain indoor entertainment, recreation, dining, and fitness establishments to prove that they have received at least one dose of the COVID-19 vaccine to enter the establishment.  There is no “testing out” option, so it is possible that some patrons and employees may raise issues of discrimination or request accommodations in relation to the vaccination mandate.

On August 17, 2021, the New York City Commission on Human Rights (NYCCHR) issued “Guidance for Businesses on Equitable Implementation of Key to NYC.”1  The guidance is aimed at assisting “covered entities”2 and employers impacted by the mandatory vaccination requirements with avoiding discrimination claims and managing requests for reasonable accommodations by those who claim they cannot receive the COVID-19 vaccination due to their membership in one or more protected categories under the New York City Human Rights Law (NYCHRL).3  Similar guidance was also issued for customers and employees.

 

By Lisa M. Griffith, Devjani H. Mishra and Mark T. Phillis via Littler

 

Read full article here

OSHA Publishes Updated COVID-19 Guidance in Light of Rising Delta Variant Cases

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On August 13, 2021, OSHA issued updated guidance to better align with the Centers for Disease Control and Prevention’s July 27, 2021 recommendations, given the rising cases of the COVID-19 Delta variant.  The guidance’s purpose is to summarize the CDC’s “substantial or high transmission” guidance and assist employers in recognizing and abating COVID-19 hazards in the workplace.  In the guidance’s preamble, OSHA “strongly encourages” employers to provide paid time off to workers for the time it takes to get vaccinated and recover from side effects, and to consider working with local public health authorities to provide vaccinations in the workplace. OSHA also suggests that employers “consider adopting policies that require workers to get vaccinated or to undergo regular COVID-19 testing – in addition to mask wearing and physical distancing – if they remain unvaccinated.”

 

By Alka Ramchandani-Raj and Karen Charlson via Littler

 

Read full article here

Brazil expands tax cuts to nat gas projects

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The Brazilian federal government will include the natural gas sector in an existing tax incentive program for infrastructure investments, a move that could boost the country’s burgeoning gas markets.

The new ordinance will let natural gas production, processing, pipelines and local distribution system projects waive up to 9.25pc in federal taxes on machinery or feedstock under the existing Special Regime to Incentivize Infrastructure Investments (REIDI). REIDI was created in 2007 for transportation, power, ports, energy, irrigation and sanitation sectors, to eliminate the PIS and Cofins taxes which generate funds for social programs.

 

By Flávia Pierry via Argus Media

 

Read full article here

Chevron sees Brazil’s pre-salt oil as prize asset – executive

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HOUSTON, Aug 17 (Reuters) – Chevron Corp (CVX.N)is hoping to play a role in Brazil’s pre-salt oil discoveries, the U.S. oil major’s Brazil chief said on Tuesday at the Offshore Technology Conference (OTC) in Houston.

The “pre-salt chapter” might be the most important development in Chevron’s more than century-long presence in Brazil, said country manager Mariano Vela. Chevron has held interests in 11 deep water projects in Brazil’s Campos and Santos basins since 2018.

By Sabrina Valle and Marianna Parraga via Reuters

Read full article here

Brazil’s Kovi closes $104M Series B to make car ownership more inclusive in LatAm

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We sometimes take for granted that most anyone who wishes to become say, an Uber driver, can do so. But that assumption is a narrow view considering there are many people who would love to earn income in that way but can’t because of lack of car ownership (and all that goes with it) — especially in countries outside of the United States.

In an attempt to remedy that problem, São Paulo-based Kovi was founded in 2018 to give those people access to those opportunities.

 

By Mary Ann Azevedo via Tech Crunch

 

Read full article here

As its startup market accelerates, Brazil could be in for an IPO bonanza

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Brazil’s startup market is reaching new heights, and its domestic stock market could benefit from the boom.

According to data from KPMG, Brazilian startups raised the most capital in a single quarter in Q1 2021, when some $1.4 billion flowed into domestic technology upstarts. That record stood until the second quarter of 2021 saw $2.7 billion raised by Brazilian startups.

 

By Nigel Sussman via Tech Crunch

 

Read full article here

Customer data sharing under Open Banking commences in Brazil

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One of the most important phases of the Brazilian open banking project, which involves the sharing of customer registration and transactional data, has gone live today (13), enabling consumers to request their financial information is shared with other institutions.

The open banking initiative, introduced by the Central Bank of Brazil in early 2019, aims to boost market competition and increase financial education in the Latin American country. Under the model, use of open application programming interfaces (APIs) enable third-party developers to build applications and services around the participating financial institutions, with consumer data shared with their consent.

 

By Angelica Mari via ZD Net

 

Read full article here

Brazil imported 4.88 GW of PV modules in H1

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The Brazilian solar market resumed strong growth in the middle of the second year of the Covid-19 pandemic. According to a recent report by Brazilian consultancy Greener, the country imported 4.88 GW worth of PV modules in the first half of 2021. This compares to just 2.2 GW in the first six months of last year, and surpasses the 4.76 GW of PV module imports registered for the whole of 2020.

 

By Livia Neves via PV Magazine

 

Read full article here

Inffinito Brazilian Film Festival is proud to announce the lineup for its 25th edition!

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The 25th edition of the largest and most relevant Brazilian film festival outside Brazil will present 56 films in a hybrid format from September 4th to 18th

 

For the first time, the competitive screening selection has three Brazil-United States co-productions: one feature and three short films. The films will show online in the US at www.inff.online – the first international streaming platform, launched this year by Inffinito, dedicated exclusively to Brazilian audiovisual. In addition to online exhibitions, with all CDC protocols in place, those in New York and Miami can attend in-person Festival outdoor screenings and events.

 

The festival’s opening night in New York presents Dom Salvador Samba Jazz Sextet in concert at the SummerStage in Central Park on September 4th at 8:30 pm – a partnership with City Parks Foundation. Dom Salvador, Salvador da Silva Filho, is a Brazilian instrumentalist, arranger, and composer who lives in NY since 1973. He plays piano at the River Cafe among concerts and recordings. Some consider him responsible for changing the course of Brazilian music and for adding some soul to Roberto Carlos’ songs in the 70s. The beauty, rhythm, and sounds of African American musicians’ soul genre. The documentary “Dom Salvador & Abolition” by Artur Ratton and Lilka Hara tells his story, which is unknown to the Brazilian public. The film will screen at 7:00 pm, shortly before his concert.

 

Awards and Jury: The Competitive Screenings’ films will compete for the Crystal Lens award in the Best Film, Best Director, Best Screenplay, Best Photography, Best Actor, and Best Actress categories. In addition, the Best Documentary has a separate award. Actress Betty Faria is the chair of the feature film jury. Also, in the jury, actress Camila Morgado, the screenwriter and visual artist Luiz Dolino, film critic, screenwriter, curator, and cultural director journalist and content producer Lorenna Montenegro and John Maass, filmmaker, and lawyer. For the Documentary Competitive Screenings, the jury is composed of photographer Maritza Caneca; filmmaker and actor Luciano Vidigal; Flavia Azeredo, linguistics, culture, and cinema professor; and Bianca De Felipes, producer and distributor of films and series. In addition, the audience elects the popular vote award winner in the Best Feature Film, Best Documentary, and Best Short Film categories.

 

Canal Brasil Tribute: In Brazil, in addition to online screenings, the public will watch a unique selection on TV. As part of the 25th Inffinito Film Festival anniversary celebration, Canal Brasil will present, in prime time (on Saturdays and Sundays, between September 4th and 26th, at 10 pm), the iconic productions awarded by the festival throughout its journey. The selection includes the titles: The Quartet (09/04), Stomach – A Gastronomic Story (09/05), The Kiss (2018) (09/11), João, O Maestro (09/12), Raul – The Beginning, The End and The Middle (09/18), The Patient – The Tancredo Neves Case (09/19), Loki – Arnaldo Batista (09/25) and Urban Snap- Shots (09/26).

 

Check out the 25th Inffinito Brazilian Film Festival lineup below:

 

Presential Screenings | New York and Miami:

Film material: https://drive.google.com/drive/folders/1IbN49P853p9ndh0iFRPsT9eU-aZLrXd4  

 

Sept 4 – SummerStage in Central Park, NY – free admission

6:00 PM – Screening of short film The Orphan, by Carolina Markowicz

7:00 PM – Screening of Feature Film Dom Salvador & Abolition, by Artur Ratton and Lilka Hara

Sept 10 – North Beach Bandshell, Miami Beach

7:00 PM – Screening of Sidney and Magal, the Man and the Artist, by Joana Mariani

 

Sept 11 – Regal South Beach, Miami Beach

7:00 PM – Love Spell, by Caroline Okoshi Fioratti

9:00 PM – Silence of the Rain, by Daniel Filho

 

Sept 12 – Regal South Beach, Miami Beach

7:00 PM – Valentina, by Cássio Pereira dos Santos

9:00 PM – Jaguar Man, by Vinicius Reis

 

Sept 14 – Florida International University, Miami – free admission

5:00 PM – The Mother of All Struggles, by Susanna Lira

 

Sept 18 – SoundScape Park New World Center, Miami Beach – free admission

8:30 PM – Neojiba – Music That Change Lives, by Sergio Machado and George W. Torres

 

Sept 5 to 17 – Online Screenings – www.inff.online 

(Available in the US. More information and film material at the following link –https://drive.google.com/drive/folders/1HE1P8Q9L12TeCEipxnbFnTdoX14i0NYK)

 

Competitive Screening – Fiction:

Film material: https://drive.google.com/drive/folders/11OWdjmQVm7-PpU7IJvYK6AGud7ZEBJ4V

  • Any Given Day, by Pedro Von Krüger
  • The Fall, by Diego Rocha
  • Coach? Really?, by Marcelo Antunez
  • Lane 4, by Emiliano Cunha
  • Sertania, by Geraldo Sarno
  • Coral, by Marcelo Brennand
  • King Kong in Asunción, by Camilo Cavalcante
  • Madalena, by Madiano Marcheti
  • A Day with Jerusa, by Viviane Ferreira
  • The Cemetery of Lost Souls, by Rodrigo Aragão
  • Remains of a man, by Ana Johamm
  • Up Close, She Ain’t Normal, by Cininha de Paula

Competitive Screening – Documentary:

Film material: https://drive.google.com/drive/folders/1DdjBhCUhBfXtKteUpbk1itcSXn3v_YQ2

  • Extermination, by Mirela Kruel
  • Searching for Makunaíma, by Rodrigo Séllos
  • Ziraldo, Lifelong work of art crying for help, by Guga Dannemann
  • Alvorada Palace, by Ana Muylaerte e Lô Politi
  • Chico Mario – A Melody of Freedom, by Silvio Tendler
  • Our Flag Will Never be red, by Pablo Guelli
  • Desire Machine, by Lucas Weglinski and Joaquim Castro
  • The Woman with Her Own Light, by Sinai Sganzerla
  • Ana. Untitled, by Lúcia Murat
  • Dorival Caymmi – The Sounds of Life, by Daniela Broitman
  • Pedra de Guaratiba, A Lost Paradise, by Luiz Eduardo Ozório
  • Amazon Mirror, by Fernando Segtowick
  • Glauber, Claro, de César Meneghetti

Competitive Screening – Shorts:

Film material: https://drive.google.com/drive/folders/1SCB9ruED8EGMR240eBFOg1xAzmWjaJ91 

  • 111+, by Ivaldo Correia
  • Adelaide, There’s No Second Chance for Mistakes Here, by Anna Zêpa
  • Antígona Pajubá, by Fabrício Boliveira
  • As Simple As That, by Luciana Bitencourt
  • Between, by Ana Carolina Marinho and Bárbara Santos
  • Eter Godzilla, by André Alves Pinto
  • Gado Marcado, by Estevan Muniz
  • Isabela, by Diego Lopes and Claudio Bitencourt
  • It Will Get Better, by Pedro Fiuza
  • João Bosco and Aldir Blanc – That’s Partnership!, by Pedro Pontes
  • Lavender, by Sabrina Fidalgo
  • Learning to Ride, by Luísa Parnes
  • On The Umbrella To Be Resistance, by Vini Poffo
  • Stories of a City, by Felipe Nepomuceno
  • Stunned, I Remain Alert by Henrique Amud e Lucas H. Rossi dos Santos
  • The Ballad of the Gracious Lady, by Hsu Chien
  • The Hole, by Zeudi Souza
  • The List, by Luciana Oliveira
  • The Survivor, by Silvia Rocha Campos
  • Windows From Here, by Luciano Vidigal and Arthur Sherman
  • Windows to the World – AM to PM, by Bia Oliveira
  • Zero, by Sacha Bali

* Co-production Brazil-US

 

About Inffinito Brazilian Film Festival

A pioneer in the promotion and dissemination of Brazilian cinema in the international market, the Inffinito Brazilian Film Festival held, over the last decades, events, exhibitions, and film festivals in cities such as Miami, New York, London, Vancouver, Rome, Milan, Frascati, Madrid, Barcelona, Montevideo, Buenos Aires, Canudos and Bogotá. In 87 editions of the festivals, the circuit has more than 1200 films shown to an audience of more than 2 million people, thus creating a strong relationship with the consumer of the Brazilian audiovisual product abroad. Inffinito’s pioneering spirit is also reflected in the digital world, with the creation of the first online platform for Brazilian cinema: www.inff.online, launched in 2020.

SPONSORS: with the support of the Miami-Dade County Department of Cultural Affairs and the Cultural Affairs Council, the Miami-Dade County Mayor and Board of County Commissioners, City of Miami Beach – CAC, Titanio Films and Garcia Family Foundation. 

OFFICIAL AIRLINE: American Airlines

INFFINITO AMBASSADORS: Laura Fernandes Liliana Kawase and Renata Garcia.

SUPPORTED BY: City Parks Foundation & SummerStage, Regal Cinemas, Fogo de Chão, and ATC Cargo.

 

MEDIA SUPPORTERS:  AcheiUSA Newspaper, Acontece Magazine, Radio Florida Brazil, Culture Owl, and Canal Brasil.

 

FRIENDS OF THE FESTIVAL: Brazilian General Consulate in Miami, Brazilian General Consulate in New York, Florida International University, BACC – Brazilian American Chamber of Commerce of Florida and New York, BRATECC – Brazil Texas Chamber of Commerce, and Centro Cultural Brazil USA.

 

AN EVENT BY: INFFINITO

 

 

 

 

Inffinito Film Festival anuncia os filmes selecionados

25ª edição do maior e mais importante festival de cinema brasileiro realizado no exterior exibirá, em formato híbrido, 56 filmes, de 4 a 18 de setembro

 

O Inffinito Film Festival, maior e mais importante festival de cinema brasileiro realizado no exterior, acaba de anunciar a seleção de filmes para as mostras competitivas de sua 25ª edição, confirmada para o mês que vem, de 4 a 18 de setembro. Serão exibidos nos Estados Unidos, em formato híbrido, ao todo 55 produções (lista abaixo) – este ano, pela primeira vez, a seleção conta com três coproduções Brasil-Estados Unidos: um longa e três curtas-metragens. De Porto Rico ao Alasca, os filmes serão exibidos através da www.inff.online – primeira plataforma internacional de streaming dedicada exclusivamente ao audiovisual brasileiro, lançada pela Inffinito no ano passado. Além das mostras online, com o avanço da vacinação e a flexibilização das regras de isolamento social nos Estados Unidos, quem estiver em Nova York e Miami poderá assistir presencialmente a exibições ao ar livre e shows.

 

Em Nova York, o público poderá assistir ao show do Dom Salvador Samba Jazz Sextet, no SummerStage do Central Park, na noite de abertura do festival, 04 de setembro, a partir das 20h30 – em colaboração com a City Parks Foundation. Dom Salvador, nome artístico de Salvador da Silva Filho, é um instrumentista, arranjador e compositor brasileiro que mora em NY desde 1973, onde toca piano no restaurante River Cafe e alterna seu trabalho com shows e gravações ocasionais. Há quem o considere responsável por mudar os rumos da música brasileira, por ter sido o músico escolhido para dar cara soul à música de Roberto Carlos, nos anos 1970. Isso porque Dom Salvador conseguia fazer o que nenhum pianistas brasileiro tinha conseguido até então: unir beleza, ritmo e sonoridades análogas às dos músicos negros americanos. Sua história, pouco conhecida do grande público brasileiro, é contada no documentário “Dom Salvador & Abolição”, de Artur Ratton e Lilka Hara, que será exibido, na mostra presencial, pouco antes na mesma noite, às 19h, também no Central Park.

 

PRÊMIOS E JÚRI – Os filmes das mostras competitivas concorrem ao troféu Lente de Cristal nas categorias Melhor Filme, Melhor Diretor, Melhor Roteiro, Melhor Fotografia, Melhor Ator e Melhor Atriz. O Melhor Documentário tem uma premiação à parte. Presidido pela atriz Betty Faria, o júri de filmes de ficção é composto pela atriz Camila Morgado; o roteirista de cinema e artista plástico Luiz Dolino; Lorenna Montenegro, crítica de cinema, roteirista, curadora, jornalista cultural e produtora de conteúdo; John Maass, cineasta e advogado. Para a mostra competitiva de documentários, os jurados são a fotógrafa Maritza Caneca; o cineasta e ator Luciano Vidigal; Flavia Azeredo, professora de linguística, cultura e cinema; e Bianca De Felipes, produtora e distribuidora de filmes e séries. Os prêmios do voto popular são escolhidos pelo público nas categorias Melhor Filme de Ficção, Melhor Documentário e Melhor Curta-Metragem.

 

HOMENAGEM NO CANAL BRASIL – No Brasil, além de algumas das mostras online, o público poderá assistir a uma seleção especial na TV. Como parte da celebração dos 25 anos do Inffinito Film Festival, o Canal Brasil exibirá no horário nobre (aos sábados e domingos, entre os dias 04 e 26/09, às 22h) a produções emblemáticas premiadas no festival ao longo de sua trajetória. A seleção inclui os títulos: O Quatrilho (dia 04/09), Estômago (dia 05/09), O Beijo no Asfalto (2018) (dia 11/09), João, O Maestro (dia 12/09), Raul – O Início, O Fim e O Meio (dia 18/09), O Paciente – O Caso Tancredo Neves (dia 19/09), Loki – Arnaldo Batista (dia 25/09) e Polaróides Urbanas (dia 26/09).

 

Confira abaixo a seleção de filmes do 25º Inffinito Film Festival:

 

Exibições presenciais | Nova York e Miami:

Fotos, trailers e cartazes dos filmes: https://drive.google.com/drive/folders/1IbN49P853p9ndh0iFRPsT9eU-aZLrXd4 

 

 

4 de setembro – SummerStage in Central Park, NY – entrada gratuita

6:00 PM – Exibição do curta metragem O Orfão, de Carolina Markowicz

7:00 PM – Exibição do documentário Dom Salvador & Abolição, de Artur Ratton e Lilka Hara

 

10 de setembro – North Beach Bandshell, Miami Beach

7:00 PM – Exibição do documentário Me Chama Que Eu Vou, de Joana Mariani

 

11 de setembro – Regal South Beach, Miami Beach

7:00 PM – Exibição do longa metragem Amarração do Amor, de Caroline Okoshi Fioratti

9:00 PM – Exibição do longa metragem Silêncio da Chuva, de Daniel Filho

 

12 de setembro – Regal South Beach, Miami Beach

7:00 PM – Exibição do longa metragem Valentina, de Cássio Pereira dos Santos

9:00 PM – Exibição do longa metragem Homem Onça, de Vinicius Reis

 

14 de setembro – Florida International University, Miami – entrada gratuita

5:00 PM – A Mãe De Todas As Lutas, de Susanna Lira

 

18 de setembro – SoundScape Park New World Center, Miami Beach – entrada gratuita

8:30 PM – Exibição do longa metragem Neojiba – Música Que Transforma, de Sergio Machado e George Walker Torres.

 

5 a 17 de setembro – Exibições de filmes em competição na plataforma www.inff.online

 

(Disponíveis somente para EUA. Para mais informações e materiais/fotos dos filmes –https://drive.google.com/drive/folders/1HE1P8Q9L12TeCEipxnbFnTdoX14i0NYK)

 

 

Mostra competitiva de ficção:

Fotos, trailers e cartazes dos filmes: https://drive.google.com/drive/folders/11OWdjmQVm7-PpU7IJvYK6AGud7ZEBJ4V

  • A Mesma Parte de um Homem, de Ana Johamm
  • A Queda, de Diego Rocha
  • Cemitério das Almas Perdidas, de Rodrigo Aragão
  • Curral, de Marcelo Brennand
  • De Perto Ela Não É Normal, de Cininha de Paula
  • King Kong en Assuncíon, de Camilo Cavalcante
  • Madalena, de Madiano Marcheti
  • O Palestrante, de Marcelo Antunez
  • Raia 4, de Emiliano Cunha
  • Sertânia, de Geraldo Sarno
  • Um Dia com Jeruza, de Viviane Ferreira
  • Um Dia Qualquer, de Pedro Von Krüger

 

Mostra competitiva de documentário:

Fotos, trailers e cartazes dos filmes: https://drive.google.com/drive/folders/1DdjBhCUhBfXtKteUpbk1itcSXn3v_YQ2 

  • A Mulher da Luz Própria, de Sinai Sganzerla
  • A Nossa Bandeira Jamais Será Vermelha, de Pablo Guelli
  • Alvorada, de Ana Muylaerte e Lô Politi
  • Ana. Sem Título, de Lúcia Murat
  • Chico Mario – A Melodia da Liberdade, de Silvio Tendler
  • Doidos de Pedra- O Paraiso Ameaçado, de Luiz Eduardo Ozório
  • Dorival Caymmi – Um Homem de Afetos, de Daniela Broitman
  • Extermínio, de Mirela Kruel
  • Glauber, Claro, de César Meneghetti
  • Máquinas de Desejo, de Lucas Weglinski e Joaquim Castro
  • Por Onde Anda Makunaima, de Rodrigo Séllos
  • Reflexo do Lago, de Fernando Segtowick
  • Ziraldo, Uma Obra que Pede Socorro, de Guga Dannemann

 

Mostra de curtas-metragens:

Fotos, trailers e cartazes dos filmes: https://drive.google.com/drive/folders/1SCB9ruED8EGMR240eBFOg1xAzmWjaJ91 

  • 111+, de Ivaldo Correia
  • A Balada da Nobre Senhora, de Hsu Chien
  • A Lista, de Luciana de Oliveira
  • Adelaide Aqui não Há Segunda Vez para o Erro, de Anna Zêpa
  • Alfazema, de Sabrina Fidalgo
  • Antígona Pajubá, de Fabrício Boliveira
  • Atordoado, Eu Permaneço Atento, de Henrique Amud e Lucas H. Rossi dos Santos
  • Debaixo do Guarda-Chuva para Ser Resistência, de Vini Poffo
  • Entre, de Ana Carolina Marinho e Bárbara Santos
  • Éter Godzilla, de André Alves Pinto
  • Gado Marcado, de Estevan Muniz
  • Histórias de uma Cidade, de Felipe Nepomuceno
  • Isabela, de Diego Lopes e Claudio Bitencourt
  • Janelas Daqui, de Luciano Vidigal e Arthur Sherman
  • Janelas Pelo Mundo*, de Bia Oliveira
  • João Bosco e Aldir Blanc – Parceria É Isso Aí!, de Pedro Pontes
  • Nina Aprendendo a Andar de Bicicleta*, de Luísa Parnes
  • O Buraco, de Zeudi Souza
  • O Sobrevivente, de Silvia Rocha Campos
  • Simples Assim*, de Luciana Bittencourt
  • Vai Melhorar, de Pedro Fiuza
  • Zero, de Sacha Bali

* Coproduções Brasil-Estados Unidos.

 

Sobre o Inffinito Brazilian Film Festival

Pioneiro na promoção e difusão do cinema brasileiro no mercado internacional, o Inffinito Film Festival realizou, ao longo das últimas décadas, eventos, mostras e festivais de cinema em cidades como Miami, Nova York, Londres, Vancouver, Roma, Milão, Frascati, Madri, Barcelona, Montevidéu, Buenos Aires, Canudos e Bogotá. Em 87 edições dos festivais, o circuito soma mais de 1200 filmes exibidos para um público de mais de 2 milhões de pessoas, criando assim uma forte relação com o consumidor do produto audiovisual brasileiro no exterior. O pioneirismo da Inffinito também se espelha no mundo digital, com a criação da primeira plataforma online de cinema brasileiro: www.inff.online, lançada em 2020.

Patrocínio: Miami-Dade County Department of Cultural Affairs and the Cultural Affairs Council, Miami-Dade County Mayor and Board of County Commissioners, City of Miami Beach – CAC, Garcia Family Foundation e Titanio Films.

Cia Aérea Oficial: American Airlines

 

Embaixadoras Inffinito: Laura Fernandes, Liliana Kawase e Renata Garcia.

 

Apoio: City Parks Foundation & SummerStage, Regal Cinemas, Fogo de Chão e ATC Cargo.

 

Apoio de Midia: AcheiUSA Newspaper, Acontece Magazine, Radio Florida Brazil, Culture Owl e Canal Brasil.

 

Amigos do Festival: Brazilian General Consulate in Miami, Brazilian General Consulate in New York, Florida International University, BACC – Brazilian American Chamber of Commerce of Florida and New York, BRATECC – Brazil Texas Chamber of Commerce e Centro Cultural Brazil USA.

 

 

Realização e produção: Inffinito

Brazil: Brazilian Data Protection Law (LGPD) Administrative Sanctions Came Into Force

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On August 1, 2021, the administrative sanctions provided for the Brazilian Data Protection Law (LGPD) – Law No. 13.709/2018 (the “Law”) came into force and will be applied by the Brazilian Data Protection Authority (ANPD).

LGPD provides that data processing agents (controller and processor) who violate the rules provided for in the Law will be subject to:

 

By Cristiane Manzueto and Eduardo Maccari Telles via Mondaq

 

Read full article here

Brazil’s Rio Grande do Norte signs MoU to expand renewables portfolio

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In Brazil, the state government of Rio Grande do Norte and Enterprize Energy have signed a Memorandum of Understanding that will enable the region to expand its portfolio of renewables.

Enterprise Energy has been tasked with identifying opportunities for the development of green hydrogen, offshore wind, and green ammonia in the state. To do so, the company will engage with local businesses, academic institutions, and local and federal authorities on infrastructure development and operation.

 

Via Power Engineering International

 

Read full article here

Brazil announces national data protection council

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The Brazilian government has announced the members of the National Council for the Protection of Personal Data and Privacy (CNPD) as part of the process of implementation of the country’s data protection rules.

Announced on Monday (9) through a presidential decree, the advisory board is part of the implementation of Brazil’s General Data Protection Law (LGPD). The council is tasked with the formulation of guidelines for the application of the data protection rules, including the provision of subsidies for the creation of the national data protection and privacy policy.

 

By Angelica Mari via ZD Net

 

Read full article here

Energy storage with recycled batteries from Brazil

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Brazil-based Energy Source is betting on two new business models to boost its revenue in 2021: storage services with reused batteries and the recycling of batteries that have already completed their second life cycles, including the recovery of metals such as cobalt.

The company expects to conclude a financing round by October that will support its “battery-as-a-service” (BaaS) model. The expectation is to raise BRL 12 million ($2.3 million) from existing partners and investors.

 

By Livia Neves via PV Magazine

 

Read full article here

EXCLUSIVE Great Wall Motor to shift some India investment to Brazil after approval delays -sources

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NEW DELHI/BEIJING, Aug 11 (Reuters) – Great Wall Motor (601633.SS) has decided to re-allocate to Brazil a portion of its $1-billion investment in India, as the Chinese automaker has been unnerved by a year-long delay in winning government approvals, three sources told Reuters.

The re-allocation, which could range up to $300 million, comes as the sources said the maker of popular sport-utility vehicles (SUVs) and pick-ups was close to acquiring a former Daimler (DAIGn.DE) plant in Brazil to build cars.

By Aditi Shah and Yilei Sun via Reuters

Read full article here

UPDATE 1-Brazil’s BTG Pactual Q2 profit jumps 74%

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SAO PAULO, Aug 10 (Reuters) – Brazilian lender Banco BTG Pactual SA reported on Tuesday a 74% rise in second-quarter recurring net income, to 1.719 billion reais ($328.48 million), amid booming capital markets activity in the country.

BTG’s revenue came in at 3.771 billion reais, a 52% jump from a year earlier, mainly driven by lending, investment banking and asset management fees.

 

By Carolina Mandl via Reuters

 

Read full article here

Brazil to hold port auctions this week

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The Agência Nacional de Transportes Aquaviários (ANTAQ), Brazil’s national agency for waterway transportation, will hold an auction to lease areas in the ports of Amapá, Ceará and Salvador on Friday.

At the Port of Santana, an area measuring just over 3,185 square metres will be auctioned for a term of 25 years. The area is intended for the movement of bulk vegetable solids, especially soy bran.

 

By Kim Biggar via Splash247.com

 

Read full article here

Brazil connects 205 MW of wind farms in July

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August 6 (Renewables Now) – Brazil has given the go-ahead to 205.2 MW of wind farms to commence operations in July 2021, power sector regulator Aneel announced on Thursday.

In all, the country has connected 467.06 MW of new capacity last month, with wind parks accounting for 43.9% of that. Since the beginning of the year, Aneel has okayed some 2,282.93 MW of new plants to start operations.

 

By Lucas Morais via Renewables Now

 

Read full article here

Brazil’s Petrobras beats estimates on strong natgas sales, crude prices

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RIO DE JANEIRO, Aug 4 (Reuters) – Brazil’s Petrobras beat second quarter profit estimates on Wednesday, as higher Brent prices, strong natural gas sales and relatively controlled expenses boosted the company’s bottom line.

In an evening securities filing, Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, reported a quarterly net income of 42.855 billion reais ($8.29 billion), up from a loss in the same period last year and well above the Refinitiv consensus estimate of 30.7 billion reais.

By Gram Slattery and Marta Nogueira via Reuters

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Brazil’s Real Jumps on Pledge of Even More Aggressive Rate Hikes

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Brazil’s real led gains among emerging market currencies after the central bank delivered its most aggressive interest rate increase in nearly two decades and promised to bring back a restrictive monetary policy to tame above-target inflation.

By Maria Eloisa Capurro and Maria Elena Vizcaino via Bloomberg

Brazil retailers hunt for M&A deals to compete for e-commerce dominance

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August 4 (Reuters) – In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions in Brazil’s northern city of Belem, the 50-year old was clueless about how to get one. He followed a link on the website of furniture retailer Via Varejo (VVAR3.SA) and called a store manager.

On the other end of the line was Railton Sampaio, a manager at the city’s largest Via Varejo. Sampaio helped him buy the TV online, sending the link for payment through the commonly used messaging app WhatsApp.

By Tatiana Bautzer via Reuters

Read full article here

Amazon launches free one-day delivery in Brazil amid fierce competition

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SAO PAULO (Reuters) – E-commerce giant Amazon.com Inc started to offer its Brazilian Prime subscribers free one-day delivery in 50 cities on Wednesday, amid fierce market competition in Latin America’s largest economy.

The move comes as rivals such as MercadoLibre and Magazine Luiza are investing heavily to ramp up delivery speeds and gain clients.

 

By Jimin Kang via KFGO

 

Read full article here

Brazil Express Delivery Market Report 2021-2025 – Adoption of New Technologies in Express Delivery Services and FTAs Spurring Market Growth – ResearchAndMarkets.com

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DUBLIN, August 03, 2021–(BUSINESS WIRE)–The “Express Delivery Market in Brazil 2021-2025” report has been added to ResearchAndMarkets.com’s offering.

The express delivery market in Brazil is poised to grow by $ 1.49 billion during 2021-2025, progressing at a CAGR of almost 4%

 

Via Yahoo Finance

 

Read full article here

Neoenergia switches on 35 MW of wind capacity in Brazil

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August 2 (Renewables Now) – Brazilian utility company Neoenergia SA (BVMF:NEOE3) has started the commercial operation of a 34.65-MW portion of the 471.25-MW Chafariz wind complex, the firm announced last week.

With 10 turbines up and running already, a portion of the larger wind farm has been delivered 17 months before the contract signed for supplies to the regulated market becomes effective.

 

By Lucas Morais via Renewables Now

 

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The Mexican startup Kavak enters Brazil with an investment of 500 million dollars

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The Mexican unicorn Kavak announced the start of its operations in Brazil with an investment of more than 500 million dollars.

“Our business model is growing fast, due to our ability to formalize the pre-owned car market through data technology and artificial intelligence, which allows us to streamline the car buying and selling process; reduce reconditioning time and evaluate the different financing options, in addition to eradicating fraud risks by eliminating dealing with third parties and granting guarantees in a sector that registers various types of crimes due to informality in transactions ”, stated Carlos García Ottati , CEO of the company for the sale and purchase of pre-owned cars.

 

Via Entrepreneur

 

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Joshua Kushner’s Thrive Capital leads $20M investment in Brazilian healthcare startup Pipo Saude

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Pipo Saude, a startup that developed a platform that sells and manages healthcare benefits for Brazilian companies, has raised $20 million in a Series A round of funding.

Joshua Kushner’s Thrive Capital led the round, marking the first time the New York-based venture firm has led an investment in a Brazilian startup. (Although, notably, Thrive has also put money in Nubank and Loft.)

 

By Mary Ann Azevedo via Tech Crunch

 

Read full article here

Brazil creates cyberattack response network

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Brazil has created a cyberattack response network aimed at promoting faster response to cyber threats and vulnerabilities through the coordination between federal government bodies.

Created through a presidential decree signed on July 16, the Federal Cyber Incident Management Network will encompass the Institutional Security Office of the presidency as well as all bodies and entities under the federal government administration. Public companies, mixed capital companies and their subsidiaries may become members of the network on a voluntary basis.

 

By Angelica Mari via ZD Net

 

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Brazil expects grain production to grow 27%, meat to grow 24% over next 10 years

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In relation to what the country produces in this season of 2020/2021, the increase in production until 2030/2031 should be 71 million tons, an increase of 27.1%, at a growth rate of 2.4% per year. Soybeans, second crop corn and cotton should continue to drive growth.

The numbers are from the study Projections of Agribusiness, Brazil 2020/21 to 2030/31 , carried out by the Secretariat of Agricultural Policy, of the Ministry of Agriculture, Livestock and Supply (Mapa), by the Secretariat of Intelligence and Strategic Relations, of the Brazilian Research Corporation Agriculture (Embrapa), and by the Department of Statistics, University of Brasília (UnB).

 

By Brazil’s Ministry of Agriculture, Livestock and Supply via The Pig Site

 

Read full article here

UPDATE 1-Brazil consumer confidence rises to 9-month high in July -FGV

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BRASILIA, July 26 (Reuters) – Consumer confidence in Brazil rose in July to a nine-month high, a survey indicated on Monday, a fourth consecutive increase fueled more by future expectations than sentiment around the current situation.

The Getulio Vargas Foundation’s (FGV) consumer confidence index rose to 82.2 points from 80.9 in June, reaching the highest since October last year, FGV said.
By Jamie McGeever via Reuters

Brazil: the number of commercial flights grows for third month consecutively

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In July, Brazilian airlines registered the third consecutive month of growth in the national air network, with an average of 1,624 daily departures, or the equivalent of 67.7% of the flight offer at the beginning of March 2020, in face of the severe impacts of the pandemic in the sector.

The growth compared to the 1,230 daily departures in June is of 16.4 percentage points. The data were collected by the Asociación Brasileña de Aerolíneas (ABEAR), with data from the National Civil Aviation Agency (ANAC), and published in our partner media in Brazil, Aeroin.net.

 

By Edgardo Gimenez Mazó via Aviacionline

 

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Algar Telecom launches digital point solutions in Brazil

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Brazilian telecommunications company Algar Telecom, a telecommunications and technology company belonging to the Algar Group, has just launched Controle de Ponto, an electronic timesheet digitalization solution, developed in partnership with Tangerino, a company specializing in workday management technology.

The solution was created for micro and small companies (MPE), a segment that lacks automation of the journey management, and has data stored in the cloud and an intuitive and agile interface.

 

By Shailaja Pai via Developing Telecoms

 

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Brazil Sees Slowdown in Covid Cases for The First Time in 8 Months

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For the first time in eight months, the rate of Covid cases in Brazil is decelerating. The country was in a flat or accelerated stage since November last year, but this situation has reversed with the advance of vaccination.

The conclusion comes from Folha‘s Covid acceleration monitor. The platform measures the variation of newly infected people in the last 30 days, based on a statistical model developed by USP researchers Renato Vicente and Rodrigo Veiga.

 

By Kiratiana Freelon via Folha de S. Paulo

 

Read full article here

Venture Capital Investment In Brazil Reaches $5.2 Billion During H1 2021

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Brazilian startups attracted record levels of investment as the ecosystem matures with international funds rushing to seize opportunities in the Latin American country, according to research.

During the first six months of 2021, a total of $5.2 billion was invested in startups based in Brazil, according to numbers released by open innovation network Distrito. By comparison, the total invested in the whole of 2020 – which was considered to be the best year on record for the ecosystem until recently – reached $3.5 billion.

 

By Angelica Mari via Forbes

 

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Brazil agricultural retailer Agrogalaxy launches IPO

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SAO PAULO, July 19 (Reuters) – Brazil’s Agrogalaxy Participacoes launched an initial public offering (IPO) on Monday aiming to raise roughly 385 million reais ($75.27 million), a securities filing from the agricultural supplies retailer showed.

The company set its price range at between 13.75 reais and 16.50 reais. The final price will be set on July 22.

 

By Carolina Mandl via Yahoo Finance

 

Read full article here

Mattos Filho recognized in two important publications in the legal market

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We are very pleased to announce that Chambers & Partners, one of the international legal market’s most relevant institutions, has featured Mattos Filho in its Chambers Brazil 2021 rankings.

In the Industries & Sectors chapter we are ranked across the highest number of categories (12) with the highest number of recognized professionals (26) among all Brazilian law firms.

 

Read the full document here

Shell, Gerdau to develop 190-MW solar project in Brazil

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July 19 (Renewables Now) – The Brazilian unit of oil and gas major Royal Dutch Shell Plc (AMS:RDSA) has partnered up with local steel producer Gerdau SA (BVMF:GGBR4) to develop a 190-MW direct current (DC) solar project in Minas Gerais state.

The companies have signed an agreement establishing the guidelines for the implementation of a 50/50 joint venture (JV) in relation to the project.

 

By Lucas Morais via Renewables Now

 

Read full article now

Vaccine Support Reaches 94% in Brazil

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Despite President Jair Bolsonaro’s attacks on immunization against Covid-19, support for vaccines against the disease continues to grow in Brazil and reached a record level, 94% of the population, according to Datafolha research.

Datafolha surveyed 2,074 people aged 16 and over in 146 cities across the country on July 7th and 8th. The margin of error is plus or minus two percentage points.

 

By Angela Pinho via Folha de S. Paulo

 

Read full article here

Relatório Social 2020 Machado Meyer

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Carta do CEO

O ano de 2020, tão atípico e difícil, reforçou a importância de sermos um escritório fundamentado em uma cultura e em valores sólidos. Acreditamos que esse foi um elemento fundamental para enfrentar o momento e possibilitou uma aproximação ainda maior de nossas pessoas e dos nossos clientes, ajudando a garantir a sustentabilidade do nosso negócio.
Em 48 anos, nunca havíamos vivenciado uma crise tão inesperada e desafiadora. A pandemia exigiu de nós uma reavaliação de antigos hábitos como forma de nos ajustarmos à nova realidade, direcionando também nossos esforços para continuar gerando impacto positivo para a sociedade.
Compartilhamos nas próximas páginas deste relatório as ações realizadas pela nossa área de Responsabilidade Social Corporativa (RSC) para que 2020 fosse transformador para muitas pessoas, sendo um dos destaques do ano, o compromisso do escritório com o Pacto Global. Por meio dele, reforçamos nosso apoio contínuo à organização e iniciamos formalmente nosso
compromisso com a iniciativa e seus princípios.
Esperamos que todos os cenários sigam melhorando de agora em diante e que possamos dar continuidade à nossa trajetória com muita saúde, diversidade, ética e orgulho.

Tito Andrade
Sócio-Administrador

 

Leia o Relatório Completo

Brazil Likely to Remain World Leader in Soybean Production

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Brazil is projected to retain its position as the largest soybean producer over the next decade. In the 2020/21 season, Brazil produced a record of 4,994 million bushels of soybeans, up 8.9% from last season’s record crop of 4,587 million bushels, according to data from the National Supply Company (Conab). The area harvested this season is also at a record of 95.16 million acres, up 4.2% from last season. The growth Brazilian acres are expected to be continue higher than the United States and Argentina, two of the other major producers of soybeans. In addition, recent advances in logistics, such as on the railroad called the North-South, should create opportunities to improve competitiveness in the transportation sector.

 

By Joana Colussi and Gary Schnitkey via Farmaco Daily

 

Read full article here

Neoenergia energises transmission line for 69-MW wind park in Brazil

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July 13 (Renewables Now) – Brazilian utility company Neoenergia SA (BVMF:NEOE3) has started the commercial operation of a 500-kV transmission line in Brazil that will enable the evacuation of electricity from a 69.3-MW portion of the 471-MW Chafariz wind complex.

With 20 wind turbines, the 69.3-MW portion is currently in its testing phase, Neoenergia announced on Monday.

 

By Lucas Morais via Renewables Now

 

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Brazilian HR Startup Flash Raises $22M in a Tiger Global-Led Series B Round of Funding

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Flash, a startup that has developed a flexible benefits platform for Brazilian companies and employees, has raised $22 million in a Series B round of funding led by Tiger Global Management.

Monashees (which led Flash’s Series A), Global Founders Capital (who backed Flash’s seed round), Citius and Kauffman Fellows also participated in the financing.

 

By Mary Ann Azevedo via TechCrunch

 

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Spain’s Solatio putting up 810-MWp solar complex in Brazil

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July 12 (Renewables Now) – The Brazilian government officials and representatives from Spanish PV sector player Solatio Energia on Friday inaugurated a solar power complex that will add 810 MWp once fully up and running.

Solatio, a company with more than a decade-long presence in Brazil, is installing the BRL-3-billion (USD 570.3m/EUR 480.6m) three solar-farm project in the state of Pernambuco.

 

By Lucas Morais via Renewables Now

 

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Argentina-Brazil soybean meal basis spread widens to record

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he Argentina-Brazil FOB soybean meal basis spread widened to a record as weakening export demand and a shallow Parana River put pressure on Argentina’s premiums for nearby loadings.

The spread reached $20/st July 6-7, with the basis for August loading in Argentina’s Up River cargo market assessed at parity July 6 and at plus $1/st July 7 to the correspondent Chicago Board of Trade contract. In Brazil’s Paranagua paper market, the basis for the same month was assessed at plus $20/st July 6 and plus $21/st July 7, S&P Global Platts data showed.

 

By Jose Roberto Gomes via S&P Global Platts

 

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Huge offshore wind farm to power green hydrogen in Brazil

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French renewable energy company Qair has signed an initial deal to build an offshore wind farm to support green hydrogen production in the northern Brazilian state of Ceará, the state government has announced.

Under the memorandum of understanding (MoU) signed this week with state governor Camilo Santana, the company’s Brazilian subsidiary would build the 1,216MW Dragao do Mar wind development on the state’s continental shelf. Electricity from the turbines would supply an electrolysis plant with the capacity to produce 296,000 tonnes a year of green hydrogen to be located at the Pecém Port Complex in Ceará.

 

By Tom Azzopardi via Wind Power Monthly

 

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Brazil authorizes Butanvac vaccine for volunteers in clinical trial

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BRASILIA, July 7 (Reuters) – Brazilian health regulator Anvisa on Wednesday gave the go-ahead for the Butanvac COVID-19 vaccine developed by Sao Paulo’s Butantan Institute biomedical center to be used on volunteers in clinical trials.

Anvisa in a statement said the vaccine will be applied in two doses, 28 days apart. Phase I of Butanvac’s clinical trial will involve 400 volunteers, and the first two phases are expected to involve 6,000 volunteers in total.

By Jamie McGeever via Reuters

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Brazil Retail Sales Rose in May on Easing of Social Distancing Measures

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SAO PAULO–Brazil retail sales rose in May, the second consecutive month of growth, as the gradual easing of social distancing measures in many parts of the country allowed consumers to get out and spend more.

Sales increased a seasonally adjusted 1.4% in the month and rose 16% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE said Wednesday. In April, sales climbed a revised 4.9% in the month and jumped a revised 23.7% from a year earlier.

 

By Jeffrey T. Lewis via  Market Watch

 

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Anhydrous ethanol spot premium in Center-South Brazil trading at discount over term contracts

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The anhydrous ethanol spot premium over hydrous in Brazil’s Center-South traded at 13%, S&P Global Platts’ assessment showed July 6, down from the 14% average anhydrous premium in term contracts for the Center-South 2021-22 crop.

Platts considered hydrous and anhydrous free of taxes to calculate the spot premium.

 

By Nicolle Monteiro de Castro via S&P Platts

 

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Meet The Entrepreneurs Ushering Black Women Into UX Careers In Brazil

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As discussions over gender and racial inequality in the technology sector gather pace in Brazil, a group of entrepreneurs is working to address these issues by training black women in careers in user experience (UX) and connecting them with employers.

UX Para Minas Pretas (UXMP), which in Portuguese translates to “UX For Black Girls” was created by Karen Santos in 2019. The São Paulo-based company aims to provide technical and professional training to black women, as well as the community support required to develop a career in the field of UX, which focuses on how a user interacts with and experiences an product, system or service online.

 

By Angelica Mari via Forbes

 

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Mercado Bitcoin Becomes Brazil’s First Crypto Unicorn With Softbank Round

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After raising US$ 200 million from Softbank Latin America Fund, Brazilian cryptocurrency exchange Mercado Bitcoin became the country’s latest unicorn, the name given to technology companies worth more than US$ 1 billion.

With a US$ 2.1 billion valuation, the company is also the first crypto unicorn in Brazil. With the transaction, announced on Thursday (1), 2TM Group, the holding controlling Mercado Bitcoin, became the eighth most valuable unicorn in Latin America, the company noted, based on Crunchbase data.
By Angelica Mari via Forbes

Mattos Fillho is recognized in two of the legal market’s most renowned publications

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Mattos Filho’s performance has been highlighted in two of the international legal market’s most renowned publications this week.

In IJGlobal 2020, we featured in the highest number of recognized cases among all Brazilian law firms in the Mining Latin America, LNG-to-power Latin America and Water Latin America categories. IJGlobal 2020 recognizes the most relevant and complex project financing transactions carried out in the Americas.

Meanwhile, the IFLR 1000 – which classifies firms with outstanding performance in corporate and financial transactions – ranked Mattos Filho as a Tier 1 firm in the Capital Markets Equity, Capital Markets Debt and Investment Funds categories.

Such recognition reinforces the success of our collaborative and multidisciplinary work model, always aiming to offer clients strategic and innovative solutions.

 

Mattos Filho

Express Delivery Market in Brazil in Air Freight & Logistics Industry to grow by USD 1.49 billion | Technavio

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The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. COVID-19 will have at Par impact on the express delivery market in brazil. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

The express delivery market in Brazil in the air freight & logistics industry is expected to grow by USD 1.49 billion, progressing at a CAGR of almost 4% during 2021-2025, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

 

By Jesse Maida via Yahoo Finance

 

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Brazil’s Oil Boom Continues Unabated

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Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country by volume of cases and second by deaths. There were fears earlier this year that the rapid spread of the virus would derail Brazil’s offshore oil boom, particularly with a surge in cases among energy sector workers. By March 2021 petroleum and natural gas production was in decline with total hydrocarbon output falling by nearly 3% year over year to an average of 3.6 million barrels of oil equivalent per day. Such was the severity of the pandemic and sharp increase in cases Brazil’s hydrocarbon production was expected to fall further. Nevertheless, by April operations began to recover and the country’s economically critical oil output was rising.

 

By Matthew Smith via Yahoo Finance

 

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Etsy To Acquire Brazilian Crafts Marketplace Elo7

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US crafts marketplace Etsy announced today (28) that it has signed a definitive agreement to acquire its Brazilian equivalent Elo7 as part of an international expansion plan.

Purchased for $217 million, Elo7 is one largest e-commerce sites in Brazil, with more than 56.000 sellers, 1.9 million users and more than 8 million items for sale including handmade and custom-made goods as well as craft supplies. Subject to regulatory approvals, the deal should be concluded in the next quarter.
By Angelica Mari via Forbes

New solar systems factory to be built in Brazil’s Ceara state

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June 28 (Renewables Now) – Brazilian solar equipment company Renovigi Energia Solar will build a factory in Ceara state for the production of photovoltaic (PV) systems, the local government announced on Friday.

Under a memorandum of understanding (MoU) signed by governor Camilo Santana, the company will invest BRL 12.4 million (USD 2.5m/EUR 2.1m) to construct the production facility in the Pecem Industrial and Port Complex. The site will also accommodate a distribution centre.

 

By Lucas Morais via Renewables Now

 

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Brazil travel co CVC to issue up to $96 mln in new shares

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RIO DE JANEIRO, June 22 (Reuters) – The board of Brazilian travel company CVC Operadora e Agencia de Viagens SA has approved an offering of up to 480 million reais ($95.8 million) in new shares, the firm said on Tuesday.

In a securities filing, CVC said the company would offer a minimum of roughly 20.1 million shares and a maximum of roughly 25.1 million shares, at a price of 19.12 reais per share.

 

By Gram Slattery via Yahoo Finance

 

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Brazil’s Congress approves bill to privatize Eletrobras

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The lower house of the Brazilian Congress passed legislation on Monday paving the way for the selling off of the state’s majority shares in South America’s largest energy company Eletrobras.

With the sale of its 61% stake in the utility giant, formally known as Centrais Eletricas Brasileiras SA, the Brazilian government is hoping to raise around 25 billion reais ($5 billion, €4.2 billion).

 

Via DW

 

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Brazil hopes to expand fresh fruit exports to China

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RIO DE JANEIRO, June 21 (Xinhua) — Brazil hopes to expand its fresh fruit exports to China by adding several of its leading products, Brazilian Agriculture Minister Tereza Cristina said on Monday.

In an interview with the foreign press, Cristina said Brazil is the third-largest fruit producer in the world, but a low-ranked exporter. The country only export melon to China.

 

Via Xinhua News

 

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6 Photographers That Made Photos of Brazil Show Its Beautiful Diversity

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Brazil is certainly a country of great interest. For many, it’s a beautiful holiday destination. But for millions of natives, it’s a difficult place to exist. Because of its diversity, many photographers have made photos of Brazil. Some show its glory, while others show its reality. In this piece, we look back at the work we’ve featured that explores the truth of the largest country in Latin America.

 

By Dan Ginn via Yahoo Finance

 

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Brazil’s banking system braces for new ESG regulation

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In 2014, the state of São Paulo, Brazil’s most populous region and one of Latin America’s most heavily urbanized areas, experienced a historic drought for more than two years.

“We had to take short showers,” said Christopher Wells, Banco Santander SA’s global head of environmental and social risk. “It makes you think about life in a very different way.”

 

By David Feliba via S&P Global Market Intelligence

 

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Brazil regulation seen allowing more U.S. GMO crop imports

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SAO PAULO (Reuters) – Brazil’s government published a new regulation on Thursday to align rules for genetically modified (GMO) crops with global standards, a move the agriculture lobby says will make it easier to import more GMO soy and corn from the United States.

Under the new rules, published by Brazilian biosecurity regulator CTNBio in the official government gazette, crops with different genetic modifications can be transported in the same ship, provided each modification is already approved, industry group CropLife said.

 

By Roberto Samora via Reuters

 

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Brazil Tests the World’s First Facial Recognition Shuttle Service

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SÃO PAULO, Jun 16, 2021–(BUSINESS WIRE)–The Project Embarque + Seguro 100% Digital Boarding System, using the Brazilian government’s facial recognition, arrives this Tuesday (June 15) at the Congonhas Airport (SP). For the first time in the world, passengers on the air shuttle service between the capitals of São Paulo and Rio de Janeiro will participate in the simultaneous testing of this end-to-end technology without the need to present neither a boarding pass nor an identification document. The Project of the Ministry of Infrastructure, developed in partnership with Serpro and the Special Secretariat of Debureaucratization, Management and Digital Government of the Ministry of Economy, has already been tested at the airports of Florianópolis (SC), Salvador (BA), Santos Dumont (RJ) and Belo Horizonte (Confins).

 

Via Yahoo Finance

 

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Brazil reaches 19 GW of installed wind power capacity

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A decade ago, the segment still had just over 1.5 GW of installed capacity and today it is the second largest, only behind hydroelectric generation.
Wind generation in Brazil reached the mark of 19 GW of installed capacity, which represents 10% of the national electricity matrix. According to data presented by the Brazilian Wind Energy Association (Abeeólica), there are 726 wind farms and more than 8,500 wind turbines in operation. A decade ago, the segment still had just over 1.5 GW of capacity and today it is the second largest, only behind hydroelectric generation.

 

Via EVWind

 

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Advent invests $430 mln in Brazil payments firm Ebanx before IPO

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SAO PAULO, June 15 (Reuters) – Funds managed by Advent International are investing $430 million in the Brazilian payments company Ebanx, financing its growth in Latin America ahead of an initial public offering planned for the coming months, Ebanx Chief Executive said on Tuesday.

CEO and co-founder Joao Del Valle said the company plans to use the proceeds from acquisitions to further expand operations in countries such as Mexico, Colombia and Argentina. Advent is also buying a stake from Ebanx’s existing investors.

 

By Carolina Mandl via Yahoo Finance

 

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Brazil’s Paraiba to become home to 1.6-GW solar project and PV factory

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June 14 (Renewables Now) – Brazilian energy company Rio Alto Energias Renovaveis SA will implement a 1,625-MW solar power complex in Paraiba state, governor Joao Azevedo announced on Friday.

Named Santa Luzia, the solar project will consist of 28 farms with an individual capacity of 58 MWp. Rio Alto estimates it will initially invest some BRL 4.1 billion (USD 801.5m/EUR 662m) in the scheme.

 

 

By Lucas Morais via Renewables Now

 

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How simple steps led to a big leap for Brazil’s schools

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There may not be a simple secret to improving public schools but, if there is a formula, then the Brazilian city of Sobral might lay claim to it.

Located in the historically poorer north-east of the country, the municipality of 210,000 residents once had middling learning outcomes. An assessment of third-grade students (aged eight) there two decades ago found that two out of five could not read a simple word.

 

By Michael Pooler via Financial Times

 

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Brazil to study costal wind power potential

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June 11 (Renewables Now) – Brazil’s Ministry of Science, Technology and Innovation (MCTI) will carry out a technical study that will measure the wind power potential of the coast between the states of Amapa and Rio Grande do Norte.

The announcement was made on Wednesday after a meeting between the MCTI minister, Marcos Pontes, and senator Davi Alcolumbre. In all, the government will invest BRL 5 million (USD 984,000/EUR 808,000) to conduct the study.

 

By Lucas Morais via Renewables Now

 

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Brazil begins path toward power capacity market

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The Brazilian government will conduct its first power capacity auction in December, seeking companies willing to build generation capacity to begin serving demand in 2026.

The market is meant to handle the challenges of integrating intermittent power sources like wind and solar into the grid. But critics of the auction say its costs will be unfairly borne by consumers, and concerns are mounting that the plan will not add capacity soon enough to handle tightening supply in the short term.

 

By Flávia Pierry via Argus Media

 

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Brazil OK’s clinical tests for homegrown COVID vaccine Butanvac

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Brazil’s health regulator Anvisa on Wednesday authorized Phase 1 and 2 clinical tests to be carried out on volunteers for the Butanvac vaccine developed by Sao Paulo’s Butantan Institute biomedical center.

The tests for the two-shot vaccine were initially authorized for 400 volunteers, but will later involve an expected total of 6,000 volunteers aged 18 and over, Anvisa said.

Via Reuters

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Warren Buffett’s Berkshire Hathaway Invests $500 Million In Brazilian Challenger Nubank

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Brazilian digital bank Nubank has announced today (8) that it has received a $500 million investment from Warren Buffett’s investment fund Berkshire Hathaway.

Berkshire Hathaway’s investment is an extension of the fintech’s $400 million Series G round announced in January. Buffett’s company also has StoneCo, a Brazil-based digital payments firm, among its tech investments in the region.

 

By Angelica Mari via Forbes

 

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Brazil to receive 3 million doses of J&J COVID vaccine – minister

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Brazil will receive a first batch of 3 million doses of the single-shot Johnson & Johnson (JNJ.N) vaccine against COVID-19 in the next few days, Health Minister Marcelo Queiroga said on Thursday.

Queiroga said export of the vaccines, developed by J&J’s Janssen subsidiary, from the United States still requires authorization by the U.S. Food and Drug Administration.

Via Reuters

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Brazil economy rebounds to pre-pandemic level, pointing to brighter 2021

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Brazil’s economy grew by 1.2% in the first quarter, data showed on Tuesday, faster than economists had expected, as rebounding services and investments took Latin America’s largest economy back to is size at the end of 2019, before the pandemic hit.

It was the third consecutive quarter of growth. While the rebound has slowed, underlying figures suggest strong foundations for a continued recovery, prompting upward revisions to full-year forecasts and a surge in Brazil’s currency.

By Jamie Mcgeever via Reuters

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How a vaccination experiment known as ‘Project S’ transformed one small Brazilian city

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Serrana (CNN)Hope has returned to the small city of Serrana, Brazil, after researchers vaccinated almost its entire adult population in a city-wide medical experiment this spring.

“Everything is practically open now, and the atmosphere is so different, so much lighter and joyful. We feel safe while the other cities around us are in a very difficult situation,” says Ricardo Luiz, owner of a well-known restaurant in Serrana.
By Marcia Reverdosa and Rodrigo Pedroso via CNN

Brazil’s Anvisa approves Russian Sputnik V vaccine, with conditions

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Brazilian health regulator Anvisa on Friday gave the green light for states to import the Russian COVID-19 vaccine Sputnik V, but with conditions attached.

Anvisa’s board voted 4-1 to grant the conditional approval after more than seven hours of deliberation, following the recommendation of its technical staff earlier in the day.

By Jamie McGeever and Lisandra Paraguassu via Reuters

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Brazilian proptech startup QuintoAndar lands $300M at a $4B valuation

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Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region.

Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. And today, the São Paulo-based proptech has announced it has closed on $300 million in a Series E round of funding that values it at an impressive $4 billion.

By Mary Ann Azevedo via TechCrunch

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AliExpress eyes ‘live commerce,’ financial products to expand Brazil sales

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SAO PAULO, May 26 (Reuters) – AliExpress, the global e-commerce platform of Chinese giant Alibaba Group Holding Ltd , aims to increase its Brazil sales by offering “live commerce,” financial services and registering local sellers in its marketplace, its Brazilian head told Reuters on Wednesday.

With Brazil sales growth of around 130% in 2020, the shopping portal wants to use these initiatives to deepen its links with customers in Brazil, which has become one of the five largest AliExpress markets in sales in the world, Yan Di said.

 

By Aluisio Alves via Yahoo Finance

 

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Brazil announces digital currency guidelines

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Brazil’s central bank has launched the general guidelines for the digitization of its currency, the real.

The announcement on the intentions to create a Central Bank Digital Currency (CBDC) made today (24) is part of the central bank’s agenda for the modernization of the Brazilian payments industry, which included the launch of instant payments last November and the ongoing implementation of open banking.

 

By Angelica Mari via ZD Net

 

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Enbridge, Fluxys, EIG bid for Brazil’s top natgas import pipeline, sources say

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A consortium of Canada’s Enbridge (ENB.TO), Belgium’s Fluxys (FLUX.BR) and U.S. private equity firm EIG Global Energy Partners has submitted a non-binding offer for Brazil’s largest natural gas import pipeline, three people with knowledge of the matter told Reuters this week.

Petroleo Brasileiro SA (PETR4.SA), as Brazil’s state-run oil company is formally known, put its stakes in the 2,593-kilometer (1,611-mile) TBG pipeline, which imports gas from Bolivia, and the far southern TSB pipeline up for sale in December. Non-binding offers were due by late April.

By Carolina Mandl, Sabrina Valle and Gram Slattery via Reuters

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O crédito como diferencial nos Ecossistemas de Negócios Made in Brazil

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O crédito ao consumo no Brasil é diferenciado pelo envolvimento direto e a participação das empresas varejistas na sua concessão, tornando o País um benchmarking global nesse aspecto.

Na Via, antiga Via Varejo, que opera Casas Bahia e Ponto, ex-Ponto Frio, são 95 milhões de crediaristas na base. Na Riachuelo, são mais de 32 milhões possuidores de seu cartão de crédito, bandeira própria, que respondem por perto de 42% de sua venda total. Carrefour, Pão de Açúcar, C&A, Pernambucanas, Renner, Marisa e Americanas, para citar apenas algumas, também têm alta representatividade em suas vendas dos clientes de seu crédito, tradicional ou via cartão com bandeira própria em seus negócios.

 

By Marcos Gouvêa de Souza via Mercado & Consumo

 

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Brazil’s financial social media platform TradersClub seeks $565 million valuation in IPO -sources

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SAO PAULO (Reuters) -Brazilian financial social media platform TradersClub is seeking a 3 billion real ($565.65 million) valuation in its initial public offering, two sources with knowledge of the matter said.

The company filed late on Wednesday for an IPO to raise around 700 million reais to fund expansion and potential acquisitions, the people added, asking for anonymity to disclose private discussions.

 

By Tatiana Bautzer via Yahoo Finance

 

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Brazil wants Mercosur to agree on a 20% reduction of the Common External Tariff

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Brazil is determined that Mercosur’s Common External Tariff, TEC, be reduced by 20% in two rounds of unilateral cuts, 10% immediately, and the other 10% in December. This is the official strategy and position of Brazil for the extraordinary meeting in June of the four founding members of the group, in Buenos Aires, underlined Lucas Ferraz, foreign trade secretary of the Brazilian Ministry of the economy.

According to Mercosur rules all decisions must be adopted by consensus, which means that the TEC has become a contentious issue between the two main partners Brazil, and Argentina, which is reluctant to advance so fast or take such bold steps.

 

Via Merco Press

 

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Brazil sets price caps for June 25 auctions

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May 19 (Renewables Now) – Brazil’s power sector regulator Aneel approved on Tuesday the price ceilings for the power generation auctions scheduled for June 25, 2021.

Dubbed A-3 and A-4, the tenders will contract power from wind, solar, hydro and biomass-based thermal plants. The highest maximum bidding price is set at BRL 292 (USD 55.5/EUR 45.4) per MWh.

 

By Lucas Morais via Renewables Now

 

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Brazil Looks Set for a Shipping Boom—Leaving Some Concerned about a Lack of Oversight

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Since he first took office in 2019, Brazil’s president, Jair Bolsonaro, has prioritized transforming the country’s logistics network for transporting domestic goods. Historically highway-centric, the shipping of goods around the country by truck is a major source of congestion and carbon dioxide pollution. In the next few weeks, the Brazilian Congress looks set to approve a bill that will encourage the transportation of goods by sea. But the bill has environmentalists, and even some government employees, alarmed as it does little to address the potential impacts on marine ecosystems that would result from a sharp increase in shipping.

 

By Eduardo Campos Lima via Hakai Magazine

 

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Commodities Cycle Should Benefit Brazil for at Least Two Years

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The rising prices of raw materials, such as soybeans and iron ore, will likely benefit Brazil for at least the next two years. Although it is too early to predict the size of this new cycle, the perception of analysts interviewed by Folha is that it will be less intense than the commodity boom of the 2000s.

Commodity prices using the CRB (Commodity Research Bureau) index rose by almost 70% in one year. In the same period, metallic commodities tripled in price in the international market, mainly in iron ore (+ 150%), and agricultural products have already emerged from a longer appreciation, mainly from soy.

 

By Douglas Gavras via Folha de S. Paulo

 

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WhatsApp delays enforcement of new privacy rules in Brazil

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The full enforcement of WhatsApp’s new privacy policy has been delayed in Brazil as local authorities investigate the data privacy implications to users of the app’s new rules.

The decision follows a series of discussions between the owner of the messaging app Facebook and Brazil’s National Data Protection Authority (ANPD), national consumer body Senacon, the Federal Prosecution Service and competition watchdog Cade. Under the agreement, WhatsApp users will still be able to utilize the service and all its features for three months before agreeing to the new policy.

 

By Angelica Maria via ZD Net

 

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Brazil sells the most soy to the United States since 2014 -shipping data

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Brazil is on track to sell the largest volume of soybeans to the United States since 2014, according to shipping data from maritime agent Cargonave, as the nation helps Americans fill a momentary supply gap. Increased shipments to the United States show that tight supplies and high prices are forcing soybean users like oilseed crushers and meat producers to change their suppliers to keep operations running. A total of 208,000 tonnes of Brazil soybeans have been shipped to the United States or will set sail soon, according to shipping data and a source.

 

By Ana Mano via Hellenic Shipping News

 

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Hydrogen in Brazil

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In December 2020 the Brazilian Ministry of Mines and Energy issued the Brazilian National Energy Plan 2050 (“2050 Energy Plan”), outlining the directives for the long-term strategy for the Brazilian energy sector. The 2050 Energy Plan dedicated a chapter to hydrogen, listing it as a disruptive technology, capable of significantly changing the energy market.

The 2050 Energy Plan highlights that hydrogen may help solving energy challenges such as reduction of carbon emissions in hard-to-decarbonize sectors, storage of renewables, safety in the energy supply due to the flexibility in hydrogen production (multiple sources) and diversity in its use cases (direct or converted into electricity). The 2050 Energy Plan also listed fuel cells as a potential key technology for the decarbonisation of the transportation sector in Brazil going forward.

 

By Danielle Gomes de A. Valois via Lexology

 

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Brazil to participate in submarine cable to link America and Asia

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Santiago de Chile, May 14 (Prensa Latina) Brazil made official its participation in the Humboldt project, a submarine fiber optic cable that will link Chile and South America with Asia and Oceania through the South Pacific.
Brazil’s Minister of Foreign Affairs Carlos Alberto Franco announced so in a videoconference with his Chilean counterpart, Andres Allamand, and the Chile’s Minister of Transport and Telecommunications Gloria Hutt.
Via Prensa Latina

GREENSPOON MARDER INNOVATION WEEK

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Join our member’s, Greenspoon Marder, at their Innovation Week, bringing together top companies and thought leaders across industry lines. With a focus on changes, challenges and opportunities businesses are facing across the globe, hear from those who are innovating and evolving and leave with ideas for your own new course of success.

 

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Brazil launches fund to invest in Internet of Things startups

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Brazilian public and private sector actors have announced the launch of a 240 million reais ($45 million) venture capital fund focused on early stage investments in companies active in the Internet of Things (IoT) and connectivity space.

Managed by Indicator Capital, the fund was created by the Brazilian Development Fund (BNDES) and Qualcomm Ventures following a tendering process in 2019 to find a company to structure and run the vehicle. The fund will support up to 30 startups in Series A rounds over the next 10 years and it expects to close 7 deals in 2021.

 

By Angelica Mari via ZD Net

 

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Oracle opens second cloud region in Brazil

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Oracle on Wednesday announced that its second Brazilian cloud region is live in Vinhedo, a city in the state of Sao Paolo. With this launch, Oracle’s Gen2 Cloud will be available in 30 locations. The tech giant is on track to have a total of 38 cloud regions up and running by the end of this year.

The new region makes Oracle the only cloud provider with two regions in Brazil. Oracle has had a presence in Brazil since last year, when it launched its first Sao Paulo region.

 

By Stephanie Condon via ZD Net

 

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Brazil coffee harvest starts in the heart of its biggest city

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Brazil’s arabica harvest kicked off symbolically this weekend with volunteers picking through one of the world’s largest urban coffee farms at Sao Paulo’s Instituto Biológico, a hub of agricultural research in the middle of the metropolis.

In the shadow of the institute’s towering art-deco headquarters, the group worked its way through neat rows of 2,000 trees, marveling at the pastoral scene just a stone’s throw from the city’s central Ibirapuera Park.

By Amanda Perobelli via Reuters

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Brazil buys 100 million more doses of Pfizer’s COVID-19 vaccine

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BRASILIA (Reuters) – Brazil’s Health Ministry on Tuesday announced it had signed a deal for Pfizer to deliver an additional 100 million doses of its COVID-19 vaccine, doubling the number of shots from the company.

The additional shots will be delivered between September and December, the Health Ministry said in a statement.

 

By Ricardo Brito via 790 KFGO

 

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Seminário Empreendedorismo Feminino

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No primeiro dia do evento o tema será voltado à mentalidade empreendedora e quais as atitudes ideais para manter as portas abertas do seu negócio e atrair mais clientes, considerando os pilares: missão, visão e propósito.

No segundo dia do evento o tema será sobre como reconstruir seu negócio e fazê-lo prosperar em meio à crise, conquistando a confiança do cliente e se organizando financeiramente.

#SeminarioEmpreendorismoFeminino #debatesvirtuais #mulheresbrasileiras
#GrupoMulheresdoBrasilNY #GrupoMulheresdoBrasil #ConsuladoBrasileirodeNY #empreendedorismofeminino #webinar

 

Transmissão: Canal do YouTube Grupo Mulheres do Brasil

AES sees opportunity as Brazil turns to wind power

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For all the criticism Brazil has endured over its stewardship of the Amazon, it can still boast of its climate credentials in the field of clean energy.

Hydropower has long provided most of the country’s electricity, thanks to the construction of large-scale dams and reservoirs, in particular under the ruling military dictatorship of the 1960s.

 

By Michael Pooler via Financial Times

 

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Brazil aiming to reduce gas reinjection

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In an attempt to reduce reinjections of natural gas back into wells at production sites, the Brazilian government has created new rules to facilitate the development of gas-fired power plants, with the start of dispatch set for 2026.

Natural gas reinjection takes place when producers inject gas back into the well in order to increase the flow of crude oil from the well, or else sequester gas that cannot be exported. The practice is common among oil producers in Brazil, as the country does not have sufficient natural gas transportation or processing capacity available, as well as little demand for gas-fired power.

 

By Flávia Pierry via Argus Media

 

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How Azul Has Managed To Recover Despite Brazil’s COVID Crisis

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The Brazilian airline Azul Linhas Aereas ended the first quarter with 109% of its domestic capacity than its pre-pandemic levels. While Azul still posted a net loss of US$509 million, the airline seems to be on track for a recovery, surpassing its domestic peers, GOL and LATAM Brazil. But, how has Azul achieved this bounceback? Let’s investigate further.

Azul is a point-to-point airline. It doesn’t have a true hub, like GOL or LATAM. These last two airlines mainly fly from Sao Paulo’s Guarulhos International Airport, the gateway of Brazil. Meanwhile, Azul flies out of everywhere.

 

By Daniel Martínez Garbuno via Simple Flying

 

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Brazil real hits 4-month high as global banks turn hawkish on interest rates

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Brazil’s real surged on Thursday to close at its highest in almost four months against the dollar, a day after the central bank struck a hawkish tone in its statement that accompanied a second aggressive hike in borrowing costs.

A clutch of major global banks published notes revising their outlook on Brazil’s benchmark Selic rate, which they say is now likely to rise more quickly or more aggressively.

By Jamie McGeever via Reuters

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Brazil’s ANP approves hybrid trading model for biodiesel

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Brazil’s National Petroleum Agency approved April 29 a proposal to shift biodiesel trading from the country’s current public auction model to a hybrid model, starting January 2022.

After more than 30 meetings with the participants in Brazil’s biodiesel market, the agency, the ANP, announced the parameters established for the hybrid trading mode, which would replace the auction model in place since 2008 when Brazil started to blend diesel fuel with biodiesel, resulting in a 2% biodiesel mix.

 

By Nicolle Monteiro de Castro via S&P Global Platts

 

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EDF Renewables to build 242-MW wind park in Brazil

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April 29 (Renewables Now) – EDF Renewables, a unit of French utility EDF (EPA:EDF), will be building a 242-MW wind farm in Brazil’s Paraiba, the state’s government announced this week.

Under a newly-signed protocol of intent, the European company will invest around BRL 1 billion (USD 187m/EUR 154m) in the development of the Serra do Serido wind farm in the towns of Junco de Serido and Santa Luzia.

 

By Lucas Morais

 

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Brazil begins to make own Covid-19 vaccine

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Production began on the first of an expected 18 million doses by mid-July, though Brazil’s Health Regulatory Agency (Anvisa) is yet to authorise the vaccine

Brazil’s Sao Paulo-based Butantan Institute, a state-run medical research facility, on Wednesday began to manufacture ButanVac, the first Brazilian vaccine against the novel coronavirus disease (Covid-19), state governor Joao Doria announced.
Via Mint

Brazil’s Positive Ventures Closes on 10M Fund for Impact Investing

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Positive Ventures, a São Paulo-based venture firm, has secured $10 million for its latest fund.

Positive Ventures has raised the capital from an impressive list of LPs, including investor Luis Stuhlberger, founding partner of Verde Asset Management and Teresa and Cândido Bracher, who was the chairman of Itaú-Unibanco, Brazil’s largest bank.

 

Mary Ann Azevedo via Tech Crunch

 

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US: student exemption to Covid travel rule for China, Brazil, Europe

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The NIE rule applies for any F-1 or M-1 visa holder if their academic program begins August 1 2021 or later. Those applicants who are found to be otherwise qualified for an F-1 or M-1 visa will automatically be considered for an NIE to travel.

This news, announced April 26 by the state department, will be welcome, but more needs to be done say senior stakeholders, particularly regarding the reported problems (in China especially) accessing appointments to seek a US visa. NAFSA is calling for in-person interviews to cease to be mandatory to help resume processing at pace.

 

Via The Pie News

 

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Brazil Investment Forum 2021

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The Brasil Investment Forum 2021 (BIF) is an international event about attracting foreign investments to Brazil, organized by Apex-Brasil, the Interamerican Development Bank (IDB) and the Brazilian Federal Government, which will be held online on May 31 and June 1st, 2021.

Known as the largest event for foreign investment in Latin America, BIF will bring together federal, state and local government authorities and executives from large companies from Brazil and the world, as well as representatives from academia, the press and opinion makers.

In this edition the Forum will highlight investment opportunities in strategic sectors such as agribusiness, energy, infrastructure, innovation, health and technology, among others. This will be a unique opportunity to discuss improvements in the country’s business environment.

This year BIF will be held online. The event will feature high-level panel discussions with government representatives and CEOs from leading multinationals, a presentation room for public and private projects in Brazil that are seeking foreign direct investment and the opportunity for networking with representatives of state governments and participants.

 

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BRAZIL DATA: March biodiesel production rises despite higher feedstock costs

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Rio de Janeiro — Brazil boosted biodiesel production year on year in March after Latin America’s biggest country increased its biodiesel-diesel blend March 1, but high raw-materials prices remain a challenge to additional growth in 2021, according to data released April 26 by the National Petroleum Agency, or ANP.

Brazil produced 639.9 million liters of biodiesel in March, an increase of 16.3% from 550.3 million liters in March 2020, the ANP said. March’s biodiesel production also advanced 21.9% from February’s 524.9 million liters.

 

By Jeff Fick via S&P Global Platts

 

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Embraer and Brazilian air force to study development of advanced UAV

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Embraer and the Brazilian air force have signed a memorandum of understanding to jointly study the design and development of an “advanced unmanned aircraft system”.

Few details about the unmanned air vehicle (UAV) were revealed by Embraer in its announcement on 23 April. However, the company distributed a rendering, for “illustrated purposes only”, of a stealthy UAV with short swept wings, perhaps indicating a combat role.

 

By Garrett Reim via Flight Global

 

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Brazil Tech Round-Up: Cabify Ends Brazil Operations, Locaweb Makes Its Largest Acquisition, PicPay Readies IPO

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Spanish mobility firm Cabify has announced on Friday (23) that it will end its Brazil operations in June. Among the reasons prompting the decision, the mobility company noted Brazil is “still very affected by its serious healthcare situation and the local socioeconomic crisis caused by Covid-19”. This broader context limits value creation, the startup said, adding that it is “committed to profitability.”

“The company will continue to be attentive to needs and opportunities future mobility in this market”, Cabify said in a statement. Contacted by Forbes, the firm declined to confirm how many employees will be affected by the decision.

 

By Angelica Maria via Forbes

 

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Mattos Filho announces the admission of Capital Markets partner Caio Cossermelli

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Dear clients and business partners,

It is with great pleasure that we announce the admission of another partner to our law firm. Already well-known and recognized in the market, Caio Cossermelli has now joined our Capital Markets practice area. His arrival will further strengthen our work in this area, which was marked by a high number of initial public share offerings (IPOs) in Brazil during 2020. Forecasts indicate that this is expected to continue throughout 2021.

A law graduate at the Pontifícia Universidade Católica de São Paulo, Caio also holds a Master of Laws from the Northwestern Pritzker School of Law in Chicago. Possessing extensive experience in IPOs and follow-ons, he advises clients in registering publicly-held companies, establishing securities distribution programs (such as units) as well as in everyday corporate and regulatory activities. Caio also advises on mergers and acquisitions, debt and securitization offers, financing and structured transactions (including infrastructure projects), along with international transactions across multiple jurisdictions involving loans and securities.

Mattos Filho leads the rankings for transactions in capital markets in Brazil, with the largest exclusively dedicated legal team in this area. Caio’s arrival reinforces the firm’s commitment to continue growing in light of the prospects for expansion within the area, as we assist our clients in navigating planned regulatory changes within the capital markets sector. We will thus be able to continue offering complete and comprehensive legal advice, with a focus on innovative and multidisciplinary projects.

 

Learn more about our Capital Markets practice area on the Mattos Filho website.

Brazil to invest USD 70m in solar power for Amazon region

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April 23 (Renewables Now) – The Brazilian Ministry of Mines and Energy (MME) will initially invest BRL 386 million (USD 70.3m/EUR 58.5m) to supply clean energy to isolated communities in the Amazonian archipelago of Marajo.

This initial agreement will benefit 50,000 people that live in the municipalities of Curralinho, Melgaco and Portel, in the state of Para, through electricity transmission networks and solar energy generation systems, MME announced this week.

 

By Lucas Morais via Renewables Now

 

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Brazil’s April soybean exports gain momentum on third-week surge: sources

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Brazilian soybeans exports in the first three weeks of April surpassed the year-ago level due to higher exports in the third week of the month, sources said April 20, which is likely to support domestic oilseed prices.

According to the foreign trade department’s report released April 19, Brazil exported 10.6 million mt of beans so far in April, compared with the equivalent 2020 volume of 9.16 million mt.

 

Via Hellenic Shipping News

 

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Joint effort needed for Brazil gas market opening: ANP

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Some states are already working to open gas markets to more competition, such as Amazonia and Rio Grande do Norte.

A presidential decree expected by mid-May should add more detail to the new law and will be followed by updates and resolutions from the ANP. The regulator may restructure its personnel in order to carry out the legislation.

 

By Flavia Pierry via Argus Media

 

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Brazil sees solar boom ahead of cut in subsidies for new projects

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Power utilities and developers are rushing to register solar projects in Brazil, one of the most promising markets for renewables, as it prepares to cut subsidies for new solar installations and wind farms, according to a report by consultancy ePowerBay.

Spain´s Iberdrola (IBE.MC), France´s Voltalia (VLTSA.PA), EDF (EDF.PA), Italy´s Enel (ENEI.MI) and Portugal´s EDP Renewables are among the main players developing solar projects in Brazil, as well as Atlas Energia, controlled by the British private equity firm Actis, ePowerBay said on Tuesday.

By Luciano Costa via Reuters

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France, Brazil Push Carrefour Revenue Ahead 4.2% in Q1

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PARIS — Carrefour reported sales rose 4.2 percent to 18.56 billion euros over the first quarter, spurred on by consumption in France, where it has bulked up e-commerce services, as well as fast growth in Brazil.

“Our growth model, based on operational excellence, competitiveness and the power of our omnichannel offer, translates into market-share gains in our main countries,” said chief executive officer Alexandre Bompard. Under Bompard’s direction, Carrefour has bolstered its e-commerce through partnerships with technology companies, and increased organic food offers.

 

By Mimosa Spencer via Yahoo Finance

 

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Brazil’s GDP on track to better results than expected

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Brazil’s Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country’s Gross Domestic Product (GDP) rose 1.70% in February 2021, against January’s figures, it was announced Monday.

The new data show a positive variation of 0.98% year to year, against the -0.4% analysts had envisioned. The official forecast of the Central Bank on GDP expansion for 2021 is 3.6%.

 

Via Merco Press

 

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US-Brazil New Energy Investment Forum

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Do you want to know why Brazil was selected as the third most attractive country for clean energy investment (Climatescopes 2020)? Join Apex Brasil at the online event US-Brazil New Energy Investment Forum, April 29, at 2 pm (Brasilia time) / 1 pm (Eastern Standard Time) and learn how you can start investing in the Brazilian new energy sector.
 
Access the Program here: https://lnkd.in/epNpsFD
Apex-Brasil – Brazilian-American Chamber of Commerce – Ministério das Relações Exteriores.

Brazil’s PIX surpasses 1 billion transactions

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The news: Brazil’s central bank-run instant payments system processed 1.05 billion transactions worth BRL787 billion ($152.6 billion) between November and March, per Mobile Time.

Here’s how it works: PIX, which launched in November, lets users make real-time money transfers 24/7 to individuals or businesses without needing a bank account. To use the smartphone-based service, users have to register “keys” like their social security numbers, mobile phone numbers, or email addresses with a bank or fintech as an authentication method.

 

By Adriana Nunez via eMarketer

 

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Brazil completes first-ever video call on standalone 5G

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The first ever video call on standalone 5G in Latin America has been completed in Brazil as part of a series of supplier demonstrations to the government ahead of the upcoming fifth-generation spectrum auction.

The video call, made on Friday (9) from Nokia’s Brazilian headquarters in São Paulo, connected Brazil’s communications minister Fabio Faria to president Jair Bolsonaro, who was in Brasília at the time.

 

By Angelica Mari via ZD Net

 

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Norway’s Hydro to buy LNG for Brazil plant in carbon-reduction push

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Norwegian metals maker Norsk Hydro (NHY.OL) said on Friday it has struck a preliminary deal with New Fortress Energy (NFE.O) to buy liquefied natural gas (LNG) for its Alunorte alumina refinery in Brazil, switching the energy source from fuel oil.

Supply of LNG by the U.S.-based energy company to the Barcarena municipality is expected to start in 2022 under a 15-year deal, according to Hydro.

Via Reuters

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Brazil Looks To Finance Fuel Subsidies With Oil Auctions

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Brazil is studying the possibility to finance a future fund to subsidize domestic fuel prices with part of the proceeds it expects to receive from an offshore oil auction later this year, a source with direct knowledge of the government’s plans told Reuters this week.

Fuel prices and the hikes in those prices early this year became the bone of contention between Brazilian President Jair Bolsonaro and state oil firm Petrobras—a spat that ended with Bolsonaro ousting the chief executive of the Brazilian national oil company, Roberto Castello Branco.

 

By Tsvetana Paraskova via Yahoo Finance

 

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Eletrobras to investigate green hydrogen production in Brazil

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Brazil state utility Eletrobras and its research arm Cepel are partnering with Siemens Energy to develop green hydrogen production.

Under the agreement, the three partners are to implement joint studies covering the full hydrogen technology cycle from production to consumption, accompanied by the development of a scalable pilot production plant.
Based on the outcomes, the companies anticipate moving towards the implementation of a commercial-scale production plant to produce hydrogen with a zero carbon footprint.

 

By Jonathan Spencer Jones via Power Engineering International

 

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Brazil Central Bank Pledges to Stop Core Inflation Contagion

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Brazil’s central bank is closely monitoring if a recent spike in commodity prices will continue to affect core inflation, and particularly expectations for 2022, as it calibrates monetary policy, according to its President Roberto Campos Neto.

The bank delivered an outsized rate hike last month and promised another in May as it realized that what it deems as temporary price shocks were having a more lasting impact on inflation, even when excluding more volatile items such as food and energy.

 

By Andrew Rosati and Shery Ahn

 

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Improving Brazil’s Business Environment

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On 30th March 2021, two legislative measures were published in Brazil. The first, Law 14,129/2021 (“The Law”) implements the Brazilian Digital Government Policy (“DGP”), while the second, Provisional Measure 1,040/2021 (“The Measure”) aims to improve the business environment in Brazil, with the objective of improving its position in the World Bank’s “Doing Business” ranking. While they are distinct acts, there is a strong common theme to both: reducing bureaucracy in both the public administration and the private sector.

The Law provides for the principles, rules and instruments for the implementation of the DGP. It aims to improve the efficiency of public administration through digitalising records and using technology to make public services more widely accessible to the population, including those on low incomes or residing in rural and isolated areas.

The Measure sets forth legislative changes to promote and foster the creation and development of businesses in Brazil. Brazil is currently ranked 124 in the world on the World Bank’s “Doing Business” rankings[1]. This Measure directly addresses some of the issues currently faced by those wishing to start or grow businesses in Brazil, in accordance with the recommendations of the World Bank, and with the aim of improving that ranking.

 

By Ted Rhodes and Valerio Salgado

 

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Brazil publishes national artificial intelligence strategy

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The Brazilian government has published the country’s artificial intelligence (AI) strategy to guide actions around research, innovation and the development of related technologies to tackle the country’s greatest challenges, as well as ethics.

The publication of the strategy follows a process of over a year since the launch of the consultation to gather input for the plan in late 2019, after a period of engagement with AI consulting firms and an international benchmarking process. According to the Brazilian government, the consultation lasted until March 2020 and more than 1,000 contributions were received.

 

By Angelica Mari via ZD Net

 

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Brazil’s 2021 interest rate outlook rises to 5.25%, survey shows

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BRASILIA, April 12 (Reuters) – Brazil’s 2021 interest rate outlook rose to 5.25%, a central bank survey of economists published on Monday showed, after policymakers’ repeated comments that aggressive tightening now means borrowing costs will not have to rise as much in the end.

The median forecast for the benchmark Selic rate from over 100 economists in the central bank’s weekly ‘FOCUS’ survey increased from 5.00% the week before, and 4.50% four weeks ago.

By Jamie McGeever via Reuters

Petrobras publishes the 2020 Sustainability Report with advances in ESG

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Operation safety and investments over R$ 145 million in projects and donations to society reflect the company’s socioenvironmental action over the last year

april 08, 2021
In a year marked by the Covid-19 pandemic and its consequences, Petrobras was able to achieve positive economic results and, at the same time, expand its commitments to sustainability and improve environmental and social indicators, as well as support the fight against the effects of the pandemic in the Brazilian society. The information regarding the company’s operational, economic, social, environmental, and governance performance is compiled in the Sustainability Report 2020, published this Wednesday in the English version.

 

“Petrobras’ performance in an extremely challenging year reveals our relentless pursuit of the dual objective of maximizing return for shareholders and society,” said CEO Roberto Castello Branco. The document details Petrobras’ support for society’s actions to fight the Covid-19 by donating tests, hospital and hygiene materials, fuel for ambulances and hospital vehicles, and food for low-income families. The company also made financial donations to scientific projects to fight the pandemic and provided computing capacity to support research efforts. The donations in response to Covid-19 and to other disaster situations in Brazil – such as the floods in the states of Minas Gerais and Espírito Santo, fires in the Pantanal and blackouts in Amapá – totaled, in 2020, the amount of R$25.5 million, donated by Petrobras and its equity stakes, in addition to expenses to carry out the management of these projects.

 

Read Full Report Here

UPDATE 1-Brazil FX dynamics improving, market more balanced -central bank director

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BRASILIA, April 8 (Reuters) – The dynamics driving Brazil’s currency are improving and the market is now more balanced, despite lingering fiscal uncertainty, central bank monetary policy director Bruno Serra said on Thursday.

In an online debate hosted by event management company Consulting House, Serra said the central bank’s market interventions earlier this year have helped greatly, while the capital flows picture for the real is also brighter.

 

By Jamie McGeever and Gabriel Ponte via Reuters

 

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Fund manager Ashmore snaps up Brazil, China local currency bonds

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LONDON, April 9 (Reuters) – Fund manager Ashmore Group has bought Brazilian and Chinese local currency bonds as it remains focused on broader emerging market local debt, betting on strong performance during 2021.

Brazilian markets have had a tough start to 2021, with local currency bonds selling off by around 170 basis points and the real currency sliding 7% against the dollar as concerns about politics surfaced and as the country battles the world’s worst daily COVID-19 death toll.

 

By Tom Arnold via Reuters

 

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Vehicle exports from Brazil up in Q1

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São Paulo – Vehicle exports from Brazil were up 7.6% year-on-year in the first quarter of 2021, the National Motor Vehicle Manufacturers Association (Anfavea) reported this Wednesday (7).

Q1 saw 95,800 units shipped from Brazil, including light vehicles, trucks and buses. Light vehicles accounted for the near-entirety of exports at 89,600 units. Foreign sales also included 5,200 trucks and 845 buses.

 

Via Brazil-Arab News Agency

 

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Soya sales from Brazil set record in March

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São Paulo – Soya exports from Brazil climbed 12% year-on-year in March, the National Cereal Exporters Association (Anec) reported. Sales amounted to 14.9 million tons, a monthly record.

Year-to-date, however, exports slid by 5%, according to the Anec’s website, to 20.4 million tons in Q1 2021, from 21.6 million tons in Q1 2020. Sales were weaker in January, and marginally so in February.

 

Via Brazil-Arab News Agency

 

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Brazil to produce 141 million mt soybeans in 2021-22 on record acreage: USDA FAS

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New Delhi — Brazil is forecast to produce an all-time high soybean volume of 141 million mt in 2021-22 marketing year (February 2022–January 2023) on record acreage of 40 million hectares, according to the US Department of Agriculture’s Foreign Agricultural Service, which is likely to pressure US-origin soybean demand next season.

Soybean expansion is forecast on current market conditions and trends — including strong demand, high prices and a favorable exchange rate, FAS said. All these conditions are expected to persist into the 2021-22 season, it said in the report released April 6.

 

By Asim Anand via S&P Platts

 

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BRAZIL HARVESTS 78% OF SOYBEAN CROP, SECOND CORN PLANTINGS FINISHED, CONSULTANCY SAYS

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SAO PAULO, April 5 (Reuters) – Brazilian farmers had harvested 78% of the area planted with the 2020/2021 soybean crop as of last Thursday, compared with 83% at the same point last year, agribusiness consultancy AgRural said on Monday.

As the soybean season draws to a close, Brazilian farmers were able to finish planting their second corn crop, as much of it is grown in the same areas as the oilseeds, AgRural said.

 

By Ana Mano via Successful Farming

 

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Pinterest Launches Pinterest Ads in Brazil, Expanding Marketing Opportunities

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Pinterest continues to expand its ad business, with brands in Brazil now able to launch paid promotions via Pin.

As explained by Pinterest:

“46 million people in Brazil use Pinterest to find ideas. To shop. To decide what’s next. They’ve long depended on Pinterest for inspiration and product discovery. And starting today, Brazilian marketers can use Pinterest ads to better reach this highly engaged audience.”

 

By Andrew Hutchinson via Social Media Today

 

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FinanZero, Brazil’s free online credit marketplace, raises $7M

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FinanZero, a Brazilian online credit marketplace, announced today that it has closed a $7 million round of funding – its fourth since it launched in 2016 was founded in 2016. It has raised a total of $22.85 million to date.

The real-time online loan broker allows people to apply for a personal loan, a car equity loan, or a home equity loan for free and receive an answer in minutes. A key to FinanZero’s success is that it doesn’t offer the loans itself, but has instead partnered with about 51 banks and fintechs who back the loans.

 

By Marcella McCarthy via TechCrunch

 

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WhatsApp gains regulatory approval to relaunch payments service in Brazil

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The Facebook-owned messaging platform has the green light to launch its payments service in Brazil after gaining approval from the country’s central bank, per Reuters. WhatsApp is only allowed to operate its peer-to-peer (P2P) payments service; though Facebook is still seeking approval, it can’t yet extend this service to merchants.

WhatsApp has hit roadblocks launching its payments service globally, with regulators citing antitrust concerns.

 

By Adriana Nunez via eMarketer

 

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Anhydrous ethanol premium over hydrous in Center-South Brazil at record high

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New York — The spot premium of anhydrous ethanol over hydrous in Brazil’s Center-South for the 2020-21 crop, which ended March 31, averaged 14.3%, up 3% from the prior crop and at the highest premium since S&P Global Platts started to track it for the 2014-15 crop.

Platts considered hydrous and anhydrous free of taxes to calculate the spot premium.

The highest premium was recorded at 26.8% during the three first days of the 2020-21 crop, while the lowest at 4.2% was on March 10.

 

By Nicole Monteiro de Castro

 

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Brazil exempts 65 items from import tax to fight COVID-19

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Brasília – Gecex, a technical body within the Brazilian foreign trade chamber Camex, said on Monday, 29, it zeroed import taxes on 65 products to ease the fallout from the coronavirus outbreak on the population. Now, Brazil has 628 coronavirus-related products with zero import taxes.

Eligible goods include medicines for pain relief, sedation, intubation, and artificial respiration, including anesthetics, tranquilizers, painkillers and antibiotics. The measure also encompasses monitors for clinical beds and Intensive Care Units (ICUs), equipment for breath gas analyses, and ICU monitoring central servers, as well as truck bodies and tank trucks to transport dangerous goods, such as oxygen.

 

Via Brazil-Arab News Agency

 

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Brazil takes steps to modernize business environment

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São Paulo – Brazil’s president Jair Bolsonaro signed on Monday, 29, a provisional measure to modernize the business environment in Brazil. It provides for simplifying starting a business, protecting minority investors and facilitating trade of goods and services. The government aims at increasing Brazil’s position in the World Bank’s Doing Business ranking in 191 countries.

As per information made public by the General Secretariat of the Presidency, the initiative brings about changes and cuts the red tape in starting businesses, providing for the unification of the federal, state and city registration at the National Registry of Legal Entities (CNPJ in Portuguese), eliminating viability analysis – which only exist in Brazil – and automating checking business names in seconds.

 

Via Brazil Arab News Agency

 

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Landmark study shows how child grants empower women in Brazil and South Africa

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Since the mid-1990s, new approaches to poverty reduction have been introduced in countries across Africa, Asia and Latin America. Some have involved income transfer programmes that target poorer citizens based on various means tests. Most have targeted female caregivers, primarily mothers.

The most expansive child and family grants are in Brazil, Mexico, Chile, Argentina and South Africa, which has put in place the biggest social provision net in Africa.

 

By Leila Patel, Natasha Borges Sugiyama and Wendy Hunter via The Conversation

 

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Brazil’s iFood outlines sustainability initiatives aiming to reduce its carbon footprint

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The Brazilian-based pan-Latin American food delivery startup iFood has announced a series of initiatives designed to reduce the company’s environmental impact as consumers push companies to focus more on sustainability.

The program has two main components — one focused on plastic pollution and waste and another aiming to become carbon neutral in its operations by 2025.

 

By Jonathan Shieber via TechCrunch

 

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US soybean production growth hasn’t matched Brazil

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In our last column, we began this series of articles designed to provide insight into the question of whether or not a U.S. agricultural policy focused on exports has been able to sustain agricultural prices at a profitable level for a sustained period of time. In making this analysis, we acknowledge that in a single year, or a short burst of years, exports can have a positive impact on U.S. crop prices.

The question is whether policies designed with the goal of expanding crop exports can sustain profitable crop prices over the long haul. If crop exports cannot sustain a long period of profitable prices, then we must identify other means to support profitable crop prices over the long term.

 

By Harwood D. Schaffer and Daryll E. Ray via Wisconsin State Farmer

 

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Real Estate Platform Loft Raises $425M at a $2.2B Valuation in One of Brazil’s Largest Venture Rounds

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Buying and selling residential real estate is a complex business, no matter where you live. A slew of startups in the United States are focused on streamlining that process for people. But in Brazil, where no MLS exists, the challenge of digitizing real estate is even greater.

One startup that has set out to serve as a “one-stop shop” for Brazilians to help them manage the home buying and selling process has managed to attract one of the largest — if not the largest — funding rounds ever raised by a Brazilian startup.

Mary Ann Azevedo via TechCrunch

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Veirano & ESG: uma combinação de sucesso

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Atualmente, a adoção e divulgação de critérios ESG (Ambiental, Social e Governança) para qualificar negócios, investimentos e financiamentos tornou-se imperativo de mercado. Esses critérios atualizam a gestão de riscos das empresas ao mesmo tempo em que representam grande oportunidade de inovação. Já a divulgação aos olhos do mercado é ação essencial, utilizada por consumidores, comunidades, investidores e financiadores como diretriz para melhores decisões.

Pensando no quanto a adoção de critérios ESG é decisiva no planejamento estratégico de qualquer negócio, especialmente para assegurar retorno ao acionista e sobrevivência no longo prazo, reunimos um time de especialistas em uma nova área dedicada para assessorar nossos clientes no viés legal do ESG.

 

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French supermarket group Carrefour to buy Brazil’s Grupo Big in $1.3 bln deal

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PARIS, March 24 (Reuters) – French supermarket retailer Carrefour has agreed to buy Grupo Big, Brazil’s third-biggest food retailer, in a deal valuing the Brazilian firm at around $1.3 billion, which Carrefour said would boost its earnings.

Carrefour said on Wednesday that it would buy the company from Walmart and investment firm Advent International.

 

By Sudip Kar-Gupta via Reuters

 

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Brazil’s Patria to launch $250 million SPAC

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SAO PAULO (Reuters) – A special purpose acquisition company (SPAC) backed by Brazilian asset manager Patria Investments Ltd plans to raise $250 million in an initial public offering on Nasdaq, according to a securities filing.

Patria, which has Blackstone Group Inc among its investors, said on Friday its executive officers may sponsor the blank-check company Patria Acquisition Co, based in the Cayman Islands, with roughly $92 million.

 

By Carolina Mandl via Reuters

 

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Brazil to complete Angra 3 finance package in 18 months, says BNDES director

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Speaking as part of a high-level panel at World Nuclear Association’s Strategic eForum on Sustainable Finance on 18 March, Mendes Cabral said BNDES is learning lessons from its previous involvement with the Angra 3 project. In addition, it is working to expand its issuance of green bonds to include nuclear energy within a wider, environmental, social, and governance (ESG) framework.

Two nuclear power units – Angra 1 and 2 – supply about 3% of Brazil’s electricity. The units are operated by Eletrobras subsidiary Eletronuclear.

 

Via World Nuclear News

 

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Brazil Tech Round-Up: Digital Identity, EBANX Expands In Central America, Magazine Luiza Continues Shopping Spree

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Welcome to this week’s Brazil tech and innovation round-up. Here is a selection of three key developments in Latin America’s largest economy: first up, the Brazilian government is making inroads towards its digital identity project. Next, fintech unicorn EBANX expands operations in Centra America and retail giant Magazine Luiza makes more acquisitions of startups to bolster its digital strategy.

 

By Angelica Mari via Forbes

 

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Equinor and Partners Choose Concept for Offshore Brazil Field

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Equinor (NYSE: EQNR) reported late last week that a development concept has been approved for the BM-C-33 gas/condensate field in the pre-salt Campos Basin offshore Brazil.

“BM-C-33 is a key project in our portfolio and concept select is an important milestone in our effort to mature the project,” Geir Tungesvik, senior vice president for projects with operator Equinor, remarked in a written statement emailed to Rigzone. “It is important to further optimize and improve the project business case to make it more robust for future market.”

 

By Matthew V. Veazey via Ringzone

 

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IBM Launches Multizone Region in Brazil as Clients in Latin America Adopt Hybrid Cloud

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ARMONK, N.Y., March 18, 2021 /PRNewswire/ — IBM (NYSE: IBM) today announced the opening of its first IBM Cloud Multizone Region (MZR) in Latin America, an important expansion of its global cloud presence in major markets. Building on its existing data center footprint in Brazil, the MZR is a result of the company’s continued investment in cloud infrastructure to accelerate hybrid cloud adoption and help foster business growth in Latin America. Following the openings of Toronto and Osaka last year, the latest MZR in Brazil marks IBM’s ongoing commitment to help clients across the globe deploy mission-critical workloads with high levels of security and resilience, while helping to address data sovereignty requirements and prepare for a sustainable future.

 

Via Yahoo Finance

 

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Microsoft announces Azure availability zones in Brazil

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Microsoft has announced availability zones for the south of Brazil in São Paulo State, as promised in October 2020. The company also promised to expand its zone coverage during 2021.

The announcement is part of Microsoft’s “More Brazil” plan, and comes at the same time IBM is announcing its first multi-zone region in the country. Microsoft is now offering Microsoft 365 Multi-Geo (a data residency offering), and will soon offer the Dynamics 365 and Power Platform products, along with fast ExpressRoute network connections to the Azure cloud.

 

By Peter Judge via DCD

 

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Bumper Crops and Stable Trade Boost Prospects for Brazil Railway

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(Bloomberg) — Brazil’s major railroad operator is bracing for a busier year as easing global trade tensions and expectations of bumper crops boost transportation demand in South America’s farming powerhouse.

Rumo SA, a logistics giant that owns 13,500 kilometers (8,400 miles) of railway lines linking Brazil’s agriculture heartland to the nation’s largest coastal ports, started the year with twice as many contracts to transport agricultural commodities than a year ago, Chief Executive Officer Joao Alberto Abreu said. He sees easing global trade tensions and surging agricultural prices as signs of better times ahead.

 

By Fabiana Batista via Yahoo Finance

 

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Fiocruz Will Deliver First Vaccines Made in Brazil this Week

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After a series of delays, Fiocruz will start delivering its first Covid-19 vaccines produced in Brazil. The forecast is that just over 1 million doses will be sent by this weekend — 500 thousand on Wednesday (17) and another 580 thousand by Friday (19).

The national manufacture of the immunizing agent developed by the University of Oxford and by the pharmaceutical company AstraZeneca, from imported raw material, was definitively authorized by Anvisa (National Health Surveillance Agency) last Friday (12).

 

By Julia Barbon via Folha de S. Paulo

 

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UPDATE 1-Brazil government raises 2021 inflation forecast to 4.4%

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BRASILIA, March 17 (Reuters) – Brazil’s economy ministry raised its inflation outlook for this year to 4.4% on Wednesday, the same day the central bank is widely expected to raise interest rates for the first time in six years to combat the strong buildup in price pressures.

That is up sharply from the ministry’s previous forecast of 3.2% in November and well above the central bank’s year-end target of 3.75%. It is lower, however, than what many economists are projecting.
By Jamie McGeever via Yahoo Finance

Brazil passes natural gas law to attract investors, cut red tape

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SAO PAULO, March 17 (Reuters) – Brazil’s lower house approved a new regulatory framework for the natural gas sector in the early hours of Wednesday, a move the government hopes will increase competition in the industry.

The bill, which garnered support from industrial consumers, will now be signed into law by President Jair Bolsonaro.

 

By Luciano Costa via Yahoo Finance

 

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Economic activity up 1.04% in Brazil

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Brasília – Economic activity in Brazil was up in January 2021 from December 2020, as per numbers made public this Monday (15) by the Brazilian Central Bank. This was the ninth straight month-on-month increment – the last time activity shrank was in March and April 2020.

The season-adjusted Central Bank’s Economic Activity Index (IBC-Br) was up 1.04% in January from December. Year-on-year in January, it was down 0.46% (non-adjusted, since equal months are being compared). In the 12 months through January, the IBC-Br was down 4.04%.

 

Via Brazil-Arab News Agency

 

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Brazil Tech Round-Up: Totvs Buys RD Station In Largest-Ever Software Deal, Government Rejects Huawei, São Paulo Vetoes Facial Recognition

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This week has seen the announcement of what is the largest deal ever in the Brazilian software industry, as enterprise software giant Totvsacquired 92% of marketing automation startup RD Station for 1,86 billion (US$ 330 million).

The deal saw founder and chief executive Eric Santos and the four other cofounders Guilherme Lopes, André Siqueira, Bruno Ghisi and Pedro Bachiega selling part of their shares in the company and an exit for Riverwood Capital, TPG, Endeavor Catalyst, DGF, Redpoint ventures and Astella Investments, a pool of backers that owned over 80% of the business.

 

By Angelica Mari via Forbes

 

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Powertis to build 225 MW of PV parks in Brazil

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March 15 (Renewables Now) – Spanish firm Powertis SA has started the construction works on 225 MW of solar photovoltaic (PV) projects in the Brazilian states of Sao Paulo and Minas Gerais.

The company, a subsidiary of Soltec Power Holdings SA (BME:SOL), is planning to install two 112.5 MW PV facilities in the municipalities of Pedranopolis and Araxa, local news agencies reported last week.

 

By Lucas Morais via Renewables Now

 

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Brazil evaluating Lightsource BP 163.5-MW PV project for potential loan

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March 12 (Renewables Now) – The Superintendency for the Development of the Northeast (Sudene), a Brazilian governmental agency, has completed the first step in the process to potentially grant a loan for a 163.5-MW photovoltaic (PV) project promoted by Lightsource BP.

Specifically, Sudene approved the prior consultation for five 32.7-MW projects — Milagres I, II, III, IV and V — that would form a solar farm complex in Brazil’s northeastern state of Ceara.

 

By Lucas Morais via Renewables Now

 

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“2o FESTIVAL MULHERES+ DO AUDIOVISUAL” TERÁ EXIBIÇÃO ONLINE E GRATUITA DE MAIS DE 50 FILMES

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Em março e abril, a Inffinito apresenta no Brasil e nos Estados Unidos produções dirigidas por mulheres brasileiras, que também desempenham as funções de roteiristas, fotógrafas e produtoras

 

A programação conta ainda com lives, debates, masterclasses e oficina de capacitação

 

 

“Elas são mulheres. São diversas. São indígenas, são pretas, brancas, cis, trans. Elas são um universo de possibilidades. É neste encontro de singularidades que formam o olhar feminino do mundo que habitamos e oferecemos para você visitar.

 

Elas são mais de 50 diretoras brasileiras que, nos últimos 5 anos, realizaram filmes em ficção, documentário e animação tratando de uma variedade de temas que representam todas nós.

 

O recorte da curadoria é a potência do talento feminino em toda sua pluralidade, sem amarras ou rótulos.  Queremos dar luz ao olhar da mulher que está atrás das lentes e ocupar nosso espaço em um mercado majoritariamente masculino.”

 

Adriana L. Dutra , Claudia Dutra e Viviane Spinelli

 

See Full Press Release

 

More Information

Brazil approves limited $8bn pandemic spending package

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Brazil’s Congress has approved an $8bn emergency aid package to help deal with a second wave of the coronavirus pandemic that has triggered economic shutdowns across the country.

The package, which is considerably smaller than the $50bn stimulus passed at the beginning of the crisis last year, was welcomed across the political spectrum, with economists and investors lauding its limited impact on Brazil’s growing debt pile.

 

By Bryan Harris and Michael Pooler via Financial Times

 

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As Unemployment Soars In Brazil, Courier-Centric Startup Mottu Attracts Global Tech Investors In New Round

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With unemployment reaching an all-time high of 14% in Brazil, São Paulo-based startup Mottu has attracted a host of global backers in a Series A round intended to accelerate its plan to cater for the needs of gig economy workers.

Mottu is aiming for the scores of Brazilians looking to work as couriers in the booming e-commerce market to make ends meet, but can’t afford the basic equipment to do so. With the goal of “serving the underserved”, the startup rents motorcycles for an average of 25 reais (US$ 4,40) a day to unbanked or credit blacklisted individuals and offers insurance and maintenance, while plugging couriers to a network of marketplaces and retailers looking to boost their last-mile logistics capability.

 

By Angelica Mari via Forbes

 

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Brazil wants to increase manufacturing of fertilizer

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Brasília – Brazil’s government will devise a policy to increase its manufacturing of agricultural fertilizer and minimize reliance on imported products. The country relies for some 80% of its fertilizer needs. An inter-ministerial work group was established to address the topic and met on Tuesday, 9, at Palácio do Planalto.

“Brazil has increased its agricultural output every year but enormously rely on imports of phosphorus and potassium. So, this working group was created,” Agriculture minister Tereza Cristina (pictured above) explained. She addressed the press after a meeting with the National Fertilizer Plan group.

 

Via Brazil-Arab News Agency

 

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Art for community development

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In underserved communities, adolescents and young people do not have qualified opportunities for work and income. The result is that many of them end up continuing their parents’ cycle of poverty. This one-year project will benefit 110 adolescents from Santa Luzia do Itanhy. It will provide an art & design residence with Ronaldo Fraga (well-known Brazilian stylist) and Miro Dantas (Brazilian artist) to introduce new illustration techniques using digital technologies.

 

By IPTI – Research Organization for Technology and Innovation INC

 

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A new app puts invisible communities in Brazil’s Cerrado on the map

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  • Thousands of Indigenous, quilombola, and traditional communities live in the Cerrado, the world’s most biodiverse tropical savanna. But many lack access to official titles and deeds, and are not registered on official maps.
  • As the agricultural frontier pushes into the northern part of the savanna, land-grabbing and violent attacks are increasing. Many of these communities risk losing their land and their resources uoon which they depend.
  • Now, a new smartphone app developed in collaboration with communities in the northern Cerrado and two Brazilian NGOs allows communities themselves to register their lands on the app, as well as important local sites and conflicts with farmers and land-grabbers.
  • The developers of the app aim to halt the rapid and unequal development that threatens the lives and livelihoods of those working to protect the savanna, and ultimately help conserve the last remaining tracts of native Cerrado.

By Sarah Sax via Mongabay

 

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Balancing economic growth and the environment: lessons from Brazil

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In many ways, Brazil is a global leader in the energy transition. Coupled with a strong domestic oil and gas sector that makes up almost 11% of its economy, more than 46% of Brazil’s energy mix is powered by renewable energy sources and Brazil also has the third- largest renewable electricity generation capacity globally. Last year, the World Economic Forum’s Energy Transition Index ranked Brazil at 45th out of 115 countries, driven by its strong performance in in areas such as near-universal energy access and access to clean cooking fuels, a high degree of energy security and the relatively low carbon-intensity of its energy mix.

 

By Stephanie Jamison and Roberto Bocca via World Economic Forum

 

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Brazil’s Renova gets DIP loan for 400-MW wind project

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March 8 (Renewables Now) – Brazilian renewables developer Renova Energia SA (BVMF:RNEW11) has received a BRL-362.5-million (USD 63.7m/EUR 53.4m) debtor-in-possession (DIP) loan to complete the 400-MW Phase A of the Alto Sertao III wind power complex.

The financing came from a bank credit note structured by Brazilian independent resource manager Quadra Gestao de Recursos Ltda, contracted by the company’s subsidiary Chipley SP Participacoes SA, Renova announced last week.

 

By Lucas Morais via Renewables Now

 

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Brazil’s innovation ecosystem holds strong on global index amid challenging year for many countries

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BRASÍLIA, Brazil, March 8, 2021 /PRNewswire/ — Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, today shared that Brazil was able to maintain its overall rank on the 2021 Bloomberg Innovation Index during an extraordinary year. For the second year in a row, Brazil sustained a rank of 46th out of the world’s 131 most innovative countries and economies, performing particularly well in certain specialized sectors measured, such as manufacturing and productivity – solidifying the country’s innovation economy at a crucial moment in time.

During a year when innovation was, arguably, more important than ever before, Brazil’s consistency on the Bloomberg Innovation Index is a positive sign for the future. This is underscored by many countries decreasing in their innovation rank over the past year, largely due to business ramifications of the coronavirus pandemic, according to Bloomberg, which uses seven weighted metrics to review dozens of criteria in assembling the Innovation Index.

 

Via PR Newswire

 

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BRAZIL FEEDS SOME 10% OF WORLD’S POPULATION, RESEARCH FINDS

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SAO PAULO, March 4 (Reuters) – Farmers in Brazil fed some 10% of the world’s 7.76 billion population last year, a study released on Thursday by state-run agricultural research agency Embrapa found.

The study focused on Brazil’s grains and oilseeds production as these are considered basic food staples that can be either used for direct human consumption or as animal feed for meat processing, Embrapa’s statement said.

 

By Gabriel Araujo via Successful Farming

 

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Staples drove exports from Brazil during the pandemic

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Brasília – Exports from Brazil proved relatively resilient amid the Covid-19 pandemic in 2020, underpinned by stronger sales of staple goods. According to the Brazilian Central Bank, a hike in exports of soya, especially in Midwest Brazil, and iron ore, in the North, whose prices went up.

Exports of manufactured goods slowed down, as a result of the global economic slump, and this impacted predominantly the Southeast and South. A Central Bank analysis of exports was made public this Thursday (4) alongside its regional reports.

 

Via Brazil-Arab News Agency

 

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Massive stimulus helps Brazil to limit losses

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The Brazilian economy contracted 4.1 per cent last year, one of the most resilient performances in Latin America, after a massive fiscal stimulus package tempered the impact of the coronavirus pandemic.

Official data released on Wednesday showed that the Brazilian economy grew 3.2 per cent in the fourth quarter last year from the previous quarter, when it expanded 7.7 per cent. That left the Brazilian economy 1.1 per cent smaller than it was in the fourth quarter of 2019, before the pandemic spread globally.

 

By Bryan Harris via Financial Times

 

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Ports in Brazil handled 1 billion tons in 2020

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São Paulo – Despite the Covid-19 pandemic, cargo throughput at ports in Brazil was up 4.2% in 2020 from 2019 to 1.15 billion tons, as per an annual statistical report released this week by the National Agency for Waterway Transportation (Antaq).

The numbers include throughput at state-run and private ports combined. State-run units accounted for 34% of throughput, while private facilities handled 66%. The majority of cargo – 775.5 million tons – was outgoing, i.e., exports, whereas 377.2 million was incoming, i.e., imports .

 

Via Brazil-Arab News Agency

 

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UPDATE 1-Brazil real slide not justified by fundamentals, central bank president says

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BRASILIA, March 2 (Reuters) – Brazil’s real has suffered more than other emerging currencies as investors adjust to changing liquidity conditions globally, but some of it has not been justified by economic fundamentals, central bank President Roberto Campos Neto said on Tuesday.

Speaking in an online event hosted by Arko Advice and Empiricus, Campos Neto said the central bank has large currency reserves and will continue to act as it sees fit, adding that it remains focused on using all the tools at its disposal to meet it inflation goals.

 

By Jamie McGeever and Gabriel Ponte via Reuters

 

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Brazil may host $5.4bn green hydrogen plant

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Australia-based hydrogen specialist Enegix Energy is planning to build a green hydrogen plant on 500 hectares of commercial land in the Port of Pecém, in the Brazilian, northeastern state of Ceará.

The company said that a memorandum of understanding for the ‘Base One’ project was signed in mid-February with the state governor Camilo Santana and that the planned facility should generate over 600 million kilograms of green hydrogen per year. “Enegix’s planned next-generation facility will be run completely using renewable energy, with zero emissions, and will harness the great renewable energy potential that Ceará has available, with solar and onshore and offshore wind to be realized, allowing Base One to be expanded to over 100 GW to meet global demand,” the Australian company said in a statement.

 

By Emiliano Bellini via PV Magazine

 

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Brazil to deliver 140 mln vaccines by end-May – lower house speaker

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BRASILIA, March 1 (Reuters) – Brazil’s Health Ministry will deliver 140 million doses of COVID-19 vaccines between now and the end of May, lower house speaker Arthur Lira said on Monday, without giving details on where they will come from.

Speaking in an interview with TV Record and later confirming on his Twitter account, Lira also said emergency monthly cash transfers to millions of poor Brazilians of 250 reais ($45) will be made through June.

 

By Lisandra Paraguassu via Yahoo Finance

 

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MercadoLibre to Invest Record $1.8 Billion in Brazil

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Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined.

The firm plans to pour a record 10 billion reais ($1.8 billion) into Brazil in 2021, up from 4 billion reais last year, to be spent mostly on expanding its logistics network, said Commerce President Stelleo Tolda in an interview with Bloomberg News. Investments in other Latin American markets should also grow, he added, without providing a full figure for the region.

 

By Vinicius Andrade via Bloomberg

 

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Report: Brazilian Consumers Think Digital And Want Merchants To Do The Same

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Brazil is known for its vibrant music culture, love of soccer and for being the largest country in Latin America in terms of both population and geography. The nation has other notable — if less conspicuous — distinctions, however: a widespread embrace of smartphones and a rapidly developing digital payments infrastructure.

These conditions help explain why the pandemic-driven digital shift that is transforming retail in advanced economies around the world has been a catalyst for major changes in Brazil as well. The nation’s consumers, much as those in other markets, have sought to avoid crowded stores and engage in safer, more efficient and more satisfying ways to shop. The share of Brazilian consumers who consider digital channels to be their preferred means of shopping has grown by more than 30 percent since the pandemic began and now accounts for 46 percent of its consumers overall.

 

Via Pymnts

 

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Brazil’s trade with Arab countries up 17%

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São Paulo – Brazil’s trade with the Arab countries climbed 17.3% in January from a year ago. The total amount reached USD 1.22 billion, and Brazil ran a USD 563.31-million surplus. The figures were made public by the Arab Brazilian Chamber of Commerce (ABCC).

Year on year, Brazil’s revenue from exports to the Arab countries climbed 7.4% to USD 891.85 million, keeping the Arab bloc as the 3rd largest destination of sales from Brazil, only behind China and the United States.

 

Via Brazil-Arab News Agency

 

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UPDATE 1-Brazil unemployment rate falls to 13.9% in quarter through December

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BRASILIA, Feb 26 (Reuters) – Brazil’s unemployment rate ended last year at 13.9%, figures showed on Friday, extending a recent dip as workers returning to the labor market found jobs, but the average jobless rate in 2020 was the highest since comparable records began in 2012.

That was down from 14.1% in the three months to November, statistics agency IBGE said, in line with the median forecast in a Reuters poll of economists and slipping further from the record 14.6% in the three months to September.
By Jamie McGeever via Yahoo Finance

Arabs the 2nd largest destination of food items from Brazil

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São Paulo – Exports from the Brazilian food and beverage industry to the Arab countries were down 8.7% in 2020 from the previous year. The bloc purchased USD 6.19 billion worth in products last year. Despite the decline, the Arabs remain as the second largest purchasing market of Brazil’s food industry, only behind Asia. The figures were made public on Wednesday (24) by the Brazilian Food Industry Association (ABIA).

The Brazilian food industry’s top purchasing countries include Saudi Arabia and the United Arab Emirates, which ranked 6th and 8th, respectively. “There’s a major focus on Asia and the Arab countries, where we have decades-long partnerships and there’s a very fruitful, complementary economy, and we still have many opportunities to tap into,” ABIA board chair Grazielle Parenti said during a press conference.

 

By Thaís Sousa via Brazil-Arab News Agency

 

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Brazil’s RecargaPay Raises $70 Million To Expand Payments App

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Brazil’s RecargaPay has raised $70 million in a Series C funding round to expand its payments platform for consumers and small businesses. The funding round, led by IDC Ventures and Fuel Venture Capital, brings RecargaPay’s total funding to over $100 million. Other investors include Experian, LUN Partners and ATW, according to a press release.

“Founded in Brazil in 2010, RecargaPay set out to provide a comprehensive and user-friendly financial services ecosystem that would be accessible even to people who do not have bank accounts,” the press release reads. The company’s goal is to “democratize access to digital financial services for millions of new users.” PYMNTS recently noted that more than 45 million adults in Brazil remain unbanked. The firm will also use the funding to further develop Prime+, its subscription program.

 

Via Pymnts

 

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Brazil current account deficit 0.65% of GDP, smallest in 13 years

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BRASILIA (Reuters) – Brazil’s current account deficit in the year to January as a share of the overall economy shrank to its smallest in 13 years, official figures showed on Wednesday, thanks mainly to a decline in the primary income and services deficits in the month.

The current account deficit of 0.65% of gross domestic product in the 12 months to January was down from 0.87% the previous month and the smallest since February, 2008, central bank figures showed.

 

By Jamie McGeever via Reuters

 

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Brazil’s consumer confidence rises in February for first time in five months

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BRASILIA (Reuters) – Consumer confidence in Brazil rose in February for the first time in five months, a survey indicated on Wednesday, lifted by the start of a nationwide vaccination program against COVID-19 and prospects of the government resuming emergency income transfers to the poor.

The rise was most pronounced among consumers in the lowest income bracket, although the overall level of confidence was still below that registered at the end of last year, the Getulio Vargas Foundation’s (FGV) findings showed.

 

By Jamie McGeever via Reuters

 

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UPDATE 1-Brazil steelmaker CSN plans to raise prices by 25% in Q2

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SAO PAULO, Feb 23 (Reuters) – Brazilian steelmaker CompanhiaSiderúrgica Nacional (CSN) said on Tuesday that itexpects to raise its prices by an average of 25% in the secondquarter as it moves to shrink its debt.

CSN Chief Executive Benjamin Steinbruch said in a call toanalysts that believes the steelmaker’s debt rating could beupgraded in “weeks” as the company plans to reach itsdeleveraging goal in 45 days.
By Alberto Alerigi and Paula Laier via Yahoo Finance

Twitter starts rolling out Voice DM feature in India, Brazil and Japan

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Twitter on Wednesday announced it is testing voice messages in direct messages (DMs) up to 140-seconds long in India.

The experiment will be rolled out in phases to the audiences, making India one of three countries to have access to the feature, alongside Brazil and Japan.

According to the company, voice messages in DMs will make it easier for people to have conversations.

 

Via Business Insider India

 

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Brazil’s Santa Catarina gives prelim licence for 256.5-MW wind project

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February 22 (Renewables Now) – Brazil’s Santa Catarina State Environmental Institute (IMA) granted on Friday the preliminary environmental licence (LAP) for a 256.5-MW wind project.

The Calmon Wind Complex, as it is named, will require around BRL 1 billion (USD 185.7m/EUR 153.3m) in investments for the construction of 11 wind parks in total. Installation works will take 34 months, IMA estimates.

 

By Lucas Morais via Renewables Now

 

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Brazil Internet of Things Market, Competition, Forecast & Opportunities, 2021-2026

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DUBLIN–(BUSINESS WIRE)–The “Brazil Internet of Things Market by Platform (Device Management, Network Management and Application Management), by Component (Hardware, Services and Software), by Application, by Region, Competition, Forecast & Opportunities, 2026” report has been added to ResearchAndMarkets.com’s offering.

The Brazilian Internet of Things Market stood at USD 5.67 Billion in 2020 and is expected to grow at CAGR of 18.99% in the next five years to reach USD 16.43 Billion by 2026 on account of increase in adoption of cloud-based platforms, development of wireless networking technologies and surge in number of connected devices.

 

Via Business Wire

 

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Softbank leads $83 mln investment in Brazil education startup Descomplica

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SAO PAULO, Feb 18 (Reuters) – A group of investors led by Softbank Group has invested 450 million reais ($83 million) in Brazilian test-prep startup Descomplica, which has seen demand for its online learning services surge in the pandemic, the company said on Thursday.

Descomplica said it would use the funds to make acquisitions and develop new products, including 33 new courses by next year.

 

Via Reuters

 

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Four Brazil companies file for IPOs in flotation flurry

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SAO PAULO, Feb 18 (Reuters) – Four Brazilian companies filed for initial public offerings on Thursday, securities filings showed, adding to a flurry of flotations expected in the coming weeks and months.

The companies are online retailer Privalia, hospital Mater Dei, biofuel company FS and financial and automotive group Rodobens.
By Aluisio Pereira via Nasdaq

Partnership for first biologicals collaboration in Brazil

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Corteva Agriscience and Simbiose Agro, the largest producer of microbiological technologies in Brazil, announced today a multi-year collaboration benefiting Brazilian farmers.

Working closely together, the two companies will commercialize and develop Simbiose’s portfolio and pipeline of biostimulants and biological control solutions for crops such as sugarcane, soybeans, corn and other specialties. Additional details of the agreement were not disclosed.

 

Via Horti Daily

 

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Brazil: Industry 4.0 And Intellectual Property In Brazil

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The great technological advances of the last few decades, added to the world communication revolution with the popularisation of the internet, have resulted in an increase in data flows and the immediate transmission of information on a global scale. This scenario has allowed data to be elevated to the category of an essential economic asset, so that digitalisation has gained increasingly more space on the industrial development agenda.

Industry is extremely relevant in the Brazilian economic scenario. It currently represents 20.9% of national GDP, accounts for 70.1% of exports of goods and services, in addition to representing 72.2% of business investment in research and development (R&D) and 33% of federal taxes, not including social security revenues1.

 

By Bianca Kremer and Gustavo Piva de Andrade via Mondaq

 

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Cloud-focused company aims for growth in Brazil

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Claranet, a technology multinational focused on managed cloud services, has announced an investment of $100 million in its Brazil operation.

According to Brazilian technology site Tele.Síntese, the investment will support three aims: to continue with accelerated organic growth, which is claimed to have reached 37 per cent year on year over the past five years; to invest in improving internal performance; and to enable the acquisition of other companies in the sector.

 

By Vaughan O’Grady via Developing Telecoms

 

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Faro Energy to build 2.5 MW of PV plants in Brazil for retailer C&A

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February 16 (Renewables Now) – Faro Energy, a distributed solar company with global headquarters in London, and Brazilian retailer C&A Modas SA (BVMF:CEAB3) have signed a contract for the development of 2.5 MW of solar projects in Brazil.

Faro Energy plans to build two photovoltaic (PV) parks consisting of around 7,000 solar panels. The systems are expected to be up and running in the first half of 2021 and power 11 of C&A’s stores in the country’s capital Brasilia and Rio de Janeiro state.

 

By Lucas Morais via Renewables Now

 

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Brazil surpasses 4.7 GW of DG solar

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February 11 (Renewables Now) – Brazil’s installed solar distributed generation (DG) capacity has surpassed 4.7 GW, statistics by power sector regulator Aneel show.

The total DG capacity across the country went over 4.9 GW, as of Wednesday night, according to Aneel’s almost real-time update, with solar power being the most popular source, counting 401,199 grid-connected systems.

 

By Lucas Morais via Renewables Now

 

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Nokia backs a 5G Open RAN future for Brazil

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Nokia is furthering its Open RAN ambitions with a new partnership with the CPQD in Brazil, aiming to co-develop new 5G use cases for the new technology. These new use cases include fixed wireless access (FWA), smart cities, IoT for Industry 4.0, and critical networks, all of which will be customised specifically to the needs of the Brazilian market.
“This important partnership will explore the potential for innovative 5G use cases that will have real-world value in Brazil across a range of different areas, such as smart cities and fixed wireless access. Our RAN Intelligent Controller will play a critical role in this research, helping to explore and trial new cutting-edge use cases that will put Brazil at the forefront in the 5G era,” said Ari Kynäslahti, Head of Technology and Strategy at Nokia Mobile Networks.
By Harry Baldock via Total Telecom

Brazil farmers harvest 4% of soy area, a quarter of last year’s total – AgRural

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Drier weather in parts of Brazil’s Center-West allowed the 2020/2021 soybean harvest to gather momentum last week after disruptions caused by excessive rainfall, according to agribusiness consultancy AgRural.

As of Feb. 4, Brazilian farmers had managed to double the area harvested to 4%, from 2% in the previous week. Yet harvesting is still way behind historical averages for this time of the season, the consultancy said.

 

Via Hellenic Shipping News

 

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Brazil passes law giving autonomy to central bank

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Lawmakers in Brazil have voted to grant autonomy to the central bank in a move aimed at improving the country’s reputation among international investors by removing the risk of political interference in monetary policy.

The legislation was approved by federal deputies in the lower house of Congress on Wednesday, after an almost year-long delay following the coronavirus crisis and local elections.

 

By Michael Pooler and Bryan Harris

 

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Luiza Helena Trajano reúne empresários e lança movimento Unidos pela Vacina

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Luiza Helena Trajano, presidente do conselho do Magazine Luiza, decidiu começar o ano unindo um grupo de empresários para tirar do papel o movimento Unidos pela Vacina. Com o objetivo de imunizar todos os brasileiros contra a Covid-19 até setembro, o grupo pretende contribuir para que não haja entraves no transporte da vacina para todos os cantos do país.

A empresária conta que a ideia surgiu no final do ano passado, com a campanha de conscientização Vacina para Todos, do Grupo Mulheres do Brasil – do qual ela também é presidente. “A partir dali, tentamos entender como poderíamos ajudar e concluímos que era preciso partir para uma ação efetiva. Foi quando esse movimento passou por uma transformação. Trouxemos mais parceiros, como empresários e executivos de diferentes setores e organizações não governamentais. Assim surgiu o Unidos pela Vacina”, explica.

 

By Beatriz Calais via Forbes Brasil

 

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Saudi Arabia’s poultry imports from Brazil up

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São Paulo – Poultry exports from Brazil slid in January 2021. Nevertheless, some of the leading Arab importers stepped up their purchases. The Brazilian Animal Protein Association (ABPA) reported 35,800 tons shipped to Saudi Arabia, up 2%, with revenue climbing 4% to USD 58.5 million year-on-year in January.

Saudi Arabia was the premier Arab importer of poultry from Brazil in January. The UAE ranked second at 21,700 tons, up 3%, fetching USD 32.8 million, down 2%.

 

Via Brazil-Arab News Agency

 

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UPDATE 2-Brazil inflation slows in January, but 4.5% annual rate remains punchy

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BRASILIA, Feb 9 (Reuters) – Monthly inflation in Brazilslowed in January as a sharp fall in electricity prices draggeddown housing costs, official figures showed on Tuesday, but theannual rate of inflation remained high and significantly abovethe central bank’s year-end goal.

It was the third month in a row the benchmark annual IPCAconsumer inflation rate has been above 4%, having more thandoubled from the record low below 2% last May.

 

By Jamie McGeever via Yahoo Finance

 

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Brazil to test COVID-19 vaccination on city’s entire adult population

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SAO PAULO (Reuters) – Brazilian biomedical institute Butantan plans to vaccinate a city’s entire adult population of about 30,000 people against COVID-19 to test whether it lowers the infection rate, institute and government officials said on Monday.

Butantan, which is overseen by the Sao Paulo state government, will carry out the mass vaccination study in Serrana, a city in the interior of the state that has a high infection rate, according to a statement and news briefing.

 

By Reuters

 

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Brazil gets first active ingredients for AstraZeneca vaccine from China

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RIO DE JANEIRO (Reuters) – A first shipment of 88 liters of active ingredients to make AstraZeneca’s COVID-19 vaccine in Brazil arrived from China on Saturday, essential input to speed the country’s troubled vaccination program.

With those supplies flown into Rio de Janeiro on a cargo plane, the Fiocruz biomedical center can begin filling and finishing 2.8 million doses. The federally funded center expects to receive more ingredients this month to make a total of 15 million shots of the vaccine developed with Oxford University.

 

By Sergio Queiroz via Reuters

 

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Open Banking Intro, Safer Internet Day 2021, Indústria 4.0, CannaBusiness Summit Brazil 2021 & Muito Mais

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A Matera, empresa de desenvolvimento de tecnologia para o mercado financeiro, fintechs e gestão de riscos, realiza a live “Open Banking Intro” logo mais, às10h30, com a participação especial do Banco Central. O objetivo é reunir especialistas para esclarecer as principais características do open banking, para que seus impactos e oportunidades sejam visualizados com mais clareza. Entre os speakers, estarão Carlos Netto, CEO da Matera, João André Pereira, chefe do Departamento de Regulação do Sistema Financeiro do Banco Central, Márcio Alexandre, superintendente de governança de TI e segurança cibernética do Sicoob, e Fabiano Amaro, consultor de negócios da Matera. A mediação da conversa fica a cargo de Alexandre Pinto, diretor de inovação e novos negócios da empresa. A inscrição é gratuita.

 

Via Forbes Brazil

 

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7 Absolutely Beautiful Places In Brazil

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Brazil is a country of superlatives. The world’s fifth-largest country, it makes up nearly 50 percent of the South American continent and has 4,000 airports. Its main river, the Amazon, is the world’s largest by volume, growing up to 30 miles wide during the rainy season. Brazil has 21 UNESCO World Heritage sites and is one of the most bio-diverse countries in the world, with some four million plant and animal species, and new ones being discovered nearly daily. Its 3,287,597 square miles encompass cities, beaches, mountains, plains, forests, and every other habitat you could possibly think of.

Even if you lived in Brazil for 10 lifetimes and explored ceaselessly, you’d never see it all. What you can do though, is to try and see some of the most beautiful spots spread across the vastness. As beauty is in the eye of the beholder, and the definition of beauty varies greatly, I have chosen a mix of a little bit of every kind of beauty for you to pick and choose to visit next time you get down to Brazil.

 

By Ulrike Lemmin-Woolfrey

 

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Vehicle exports from Brazil up in January

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São Paulo – Vehicle exports from Brazil were up 21.9% year on year in January, National Motor Vehicle Manufacturers Association (Anfavea) reported on Thursday (4). Car sales reached 25,000 units last month. Month on month, though, they declined by 35.8%.

The same occurred with Brazilian vehicle production in January: it climbed year on year, but slid month on month. It was down 4.6% in January, from 209,300 to 1997,700 units. Year on year, it climbed by 4.3%.

 

Via Brazil-Arab News Agency

 

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Neoenergia looks to MPLS for smart grid expansion in Brazil

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Brazilian electricity company Neoenergia is modernising its communication networks with MPLS (Multi-Protocol Label Switching).

Neoenergia is to adopt MPLS in the networks of its four distribution concessionaries, Celpe in Pernambuco state, Coelba in Bahia, Cosern in Rio Grande do Norte and Elektro in São Paulo and Mato Grosso do Sul.

 

Via Smart Energy

 

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GREENSPOON MARDER CELEBRATES FORTY YEARS IN BUSINESS

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Fort Lauderdale, Fla. January 28, 2021 – Greenspoon Marder is pleased to announce that the firm is celebrating its 40th anniversary in 2021.

Founded in 1981 with a handshake over a kitchen table between Gerald Greenspoon and Michael Marder, Greenspoon Marder today is a leading Am Law 200 law firm. The firm first opened its doors in North Miami, and has since expanded to 11 offices in Florida, and more than a dozen additional locations including New York, Los Angeles, Denver, Las Vegas, and Portland.

Greenspoon Marder first gained national attention in real estate development, resort and timeshare development, condominium conversions, and finance and transactions. The firm has grown to offer a wide array of legal services with core strengths in real estate, litigation, timeshare & resort, corporate, tax, and regulatory compliance.

 

Read full press release here

Brazil favelas launch bank amid economic hit of pandemic

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The economic toll of the coronavirus pandemic has hit especially hard in Brazil’s favelas, but the country’s 10 biggest slums now have a plan to fight back: they are launching their own bank.

Dubbed the “G10 Bank,” the new financial institution is set to open later this month, offering micro-loans to small business owners struggling to survive the pandemic and debit cards to slum-dwellers excluded from the traditional banking system.

 

By Florence Goisnard via Yahoo Finance

 

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Programa Prefeito Amigo da Criança

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A campanha Prefeito Presente reforça o nosso objetivo de construir um Brasil onde todas as crianças e todos os adolescentes tenham seus direitos respeitados.

Sabemos que muitas vezes o Estado* é ausente na garantia de necessidades básicas. Por isso, queremos convocar os prefeitos de todo o país a fazerem parte do Programa Prefeito Amigo da Criança, implementando ações que garantam e permitam que as crianças e os adolescentes sejam protagonistas de suas próprias histórias.

 

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Brazil maker of Sputnik V vaccine sees greenlight on tests by next week

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BRASILIA (Reuters) – The Brazilian pharmaceutical company that will make Russia’s Sputnik V vaccine against COVID-19 expects regulatory approval for Phase III tests by this week or early next at the latest, its Chief Executive Officer Fernando Marques said on Tuesday.

Marques said the strong efficacy results from late stage trials in Russia, published on Tuesday by The Lancet – 91.6% effective against symptomatic COVID-19 – will help speed up approval in Brazil sought by his firm União Quimica.

 

By Anthony Boadle and Tatiana Bautzer via Reuters

 

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Number of new businesses up in Brazil

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Brasília – The number of new businesses in Brazil was up 6% in 2020 from 2019, according to the annual Business Map bulleting from the Brazilian Ministry of Economy. Last year saw 3,359,750 enterprises open in Brazil. The number of companies that went out of business is 1,044,696, resulting in 2.3 million active enterprises in the country. The number of companies that ceased to exist was down 11.3%.

According to the Ministry, the number reflects government measures designed to facilitate startups amid the Covid-19 pandemic, which led many to seek an income through entrepreneurship. The majority of active enterprises in Brazil – nearly 50% – are in the states of São Paulo, Minas Gerais and Rio de Janeiro.

 

Via Brazil-Arab News Agency

 

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Open Banking kicks off in Brazil

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Today (1) the first of four phases of Brazil’s Open Banking implementation has started, as part of the country’s broader agenda of modernization of the national financial ecosystem.

The initiative, led by the Central Bank of Brazil, also aims to boost market competition and increase financial education in the Latin American country. Under the model, use of open application programming interfaces (APIs) enable third-party developers to build applications and services around the participating financial institutions, with consumer data shared with their consent.

 

By Angelica Mari via ZD Net

 

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2021 Will Be a Key Year for Brazil’s Fiscal Reform Agenda

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Fitch Ratings-New York/London-01 February 2021: Brazil’s large deficit and high public debt burden underscore its continuing fiscal challenges notwithstanding last year’s somewhat better-than-expected performance, Fitch Ratings says. With general elections due in October 2022, this year is a key year to revitalize the government’s fiscal reform agenda for boosting budgetary flexibility and maintaining the credibility of the spending cap.

Data on Friday showed Brazil’s general government deficit more than doubled to 14% of GDP from about 6% in 2019. This was better than our forecast of 16.4% primarily due to under-execution of budgeted spending, which improved the central government outturn, and higher regional government surpluses. Central government revenue contracted by a nominal 10.2%, while primary spending grew 35% as Brazil implemented one of Latin America’s biggest Covid-19 support packages.

 

By Shelly Shetty and Mark Brown via Fitch Ratings

 

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Petrobras makes hydrocarbons discovery in block C-M-411 offshore Brazil

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Brazilian state-owned oil firm Petróleo Brasileiro (Petrobras) has made a hydrocarbon discovery in the wildcat well of block C-M-411 in the pre-salt Campos Basin offshore in Brazil’s Rio de Janeiro state.

The hydrocarbon discovery was made at the well 1-BRSA-1377-RJS, informally known as Urissanê. It is located approximately 200km from the coast and at a water depth of 2,950m.

 

Via Offshore Technology

 

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Brazil’s railway sector expects USD 6 bn in investments

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São Paulo – Brazil’s railway sector expects a BRL 30 billion (USD 6 billion) in investments. This figure is particularly due to the renewal of concessions in some important lines. “It’s actually a conservative forecast, due to the renewal of contracts,” Brazil’s National Association of Rail Carriers (ANTF) executive director Fernando Paes told ANBA.

ANTF points out that these early contract extensions only could yield around BRL 30 billion. The renewals approved by the Investment Partnership Program (PPI) are expected to increase the share of the rail sector from 15% to 31% of all transportation in the country. “On one hand, we have this schedule of contract extensions. On the other, many of these companies are publicly traded,” Paes explained on other possibilities of new investors.

 

By Thais Sousa via Brazil-Arab News Agency

 

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The Best National Parks To Visit In Brazil

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Editor’s Note: *Due to the current Covid-19 outbreak, international travel is discouraged at the moment – this article is meant to serve as inspiration for a future trip once the pandemic has come to an end.*

A nation rich in culture, biodiversity, and natural beauty, there’s no shortage of spectacular destinations to visit all throughout Brazil. While many visitors choose to spend time celebrating Carnival in the streets of Rio, those who wish to experience the wild side of Brazil may be interested in a trek across some of the country’s most stunning national parks. From surging rivers to colossal canyons, the natural beauty of Brazil is truly a sight to behold.

 

By Jared Ranahan via Forbes

 

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Brazil to roll out national fertilizer plan

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São Paulo – Brazil’s federal government announced a new National Fertilizer Plan. A decree made public early this week on the Official Gazette mandates the establishment of a work group to devise the strategy.

The Ministry of Agriculture, Livestock and Supply said the effort is intended to increase manufacturing and availability of domestically made fertilizer, to minimize reliance on imported product, and to add competitiveness to Brazilian agribusiness products in international markets. According to the Ministry, Brazil relies on imports for some 60% of its fertilizer needs.

 

Via Brazil-Arab News Agency

 

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Brazil expects to produce 14,5 million tonnes of chicken in 2021

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The Brazilian Animal Protein Association (ABPA) forecast estimates a domestic per capita consumption of 47 kilos, up 4.4% from in 2020 (45 kilos), but on the export front, no numbers are stated. However, the United States Department of Agriculture (USDA) estimates a year-on-year increase of 2.1% in Brazilian exports compared 2020. Last year, Brazil exported 4,23 million tonnes of chicken meat.

 

By Daniel Azevedo via Poultry World

 

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Brazil ran a USD 6 bn surplus in trade with Arab League

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São Paulo – Brazil ran a USD 6.1 billion surplus in trade with the Arab League in 2020. The surplus is the difference between exports and imports. The result accounts for 12.2% of the USD 50 billion all-time record surplus Brazil reached throughout the year. It’s also a 16.2% increase from the surplus reached in Brazil-Arab League trade in 2019, as per figures from the Arab Brazilian Chamber of Commerce(ABCC).

The entity reports that Brazil’s exports to the bloc of 22 countries in the Middle East and North Africa (MENA) generated USD 11.47 billion in revenue, down 6.3% from 2019. The decline, however, was lower than in other relevant trade partnerships, such as the United States (-23.7%) and Mercosur (-17.7%).

 

Via Brazil-Arab News Agency

 

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Brazil’s Cade okays AES’ acquisition of 158.5-MW wind portfolio

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January 26 (Renewables Now) – Brazil’s competition regulator CADE has okayed the acquisition of a 158.5-MW wind portfolio by local power producer AES Brasil (B3:TIET11), formerly AES Tiete Energia SA.

The deal, approved without restrictions, is valued at BRL 806 million (USD 147.4m/EUR 121.4m), including BRL 277 million of net debt, AES Brasil said previously.

 

By Lucas Morais via Renewables Now

 

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REFILE-Sea group’s Shopee scales up Brazil operations, eyes Latam potential- sources

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SINGAPORE, Jan 25 (Reuters) – Shopee, the e-commerce arm of Southeast Asia’s Sea Ltd, is scaling up its operations in Brazil and evaluating the long-term potential of Latin American markets, according to two people with knowledge of the matter.

Shopee, the largest e-commerce platform in Southeast Asia according to market researchers, launched a small presence in Brazil in late 2019 as a pilot initiative of its cross-border team.

 

By Fanny Potkin via Yahoo Finance

 

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Brazil rate outlook rises after cenbank drops forward guidance – survey

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BRASILIA, Jan 25 (Reuters) – The outlook for Brazilian interest rates over the next two years rose to their highest in many months, a central bank survey of economists showed on Monday, following the bank’s decision last week to drop its ‘forward guidance’ pledge to keep them low for a long time.

The average forecast of the benchmark Selic rate at the end of this year rose to 3.50% from 3.25%, and the end-2022 forecast rose to 5.00% from 4.75%, according to the latest weekly ‘FOCUS’ survey of around 100 economists.

 

By Jamie McGeever via Yahoo Finance

 

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Engie contracts Siemens Gamesa to supply turbines for Brazil wind farm

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Renewables company Engie has signed a contract with Siemens Gamesa to supply supply turbines for a wind farm in Brazil.

Under the contract, the company will supply 70 of its SG 5.8-170 turbines with OptimaFlex technology. These will generate energy at the 434MW Santo Agostinho wind farm in north-east Rio Grande do Norte.

 

Via Power Technology

 

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Brazil Senate Willing to Discuss New Round of Covid Assistance

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Senators are likely to consider a new round of financial help for vulnerable Brazilians as soon as a new head of the upper house is elected in February, with one of the candidates for the job defending an urgent discussion about the theme and another saying she wouldn’t oppose the idea either.

Senator Rodrigo Pacheco, the front-runner in the race, on Wednesday said that if elected he would immediately start a discussion about what to do with this “part of the population living in extreme poverty, whose situation was aggravated by the pandemic.”

 

By Samy Adghirni and Simone Preissler Iglesias

 

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The pandemic has led many to swap urban living and working for more rural environments. But what happens when you try to do it in a developing nation?

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Leonardo de Azevedo decided to move to the countryside with his wife and two small children in May. The family ended up in a rural area, Lumiar, near the city of Nova Friburgo, about 150km (93mi) from the Brazilian city of Rio de Janeiro, where Azevedo works in the public prosecutor’s office. The idea was to get closer to nature, allow the children more freedom and seek greater security against the pandemic.

But the region had no broadband internet, leaving him dependent on mobile internet that came with speed and data limits. And, when his son had an accident and had to go to A&E, “we found out that in Nova Friburgo no service accepted our health plan”; they were forced to travel back to Rio de Janeiro for treatment.

 

By Raphael Tsavkko Garcia via BBC

 

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Majority of Brazil’s connected population uses digital citizen services

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The Brazilian government estimates that more than 60% of the country’s connected population – about 84 million people – is using digital citizen services.

The latest numbers from the Digital Government Secretariat (DGS) at the Ministry of Economy are based on research from the National Internet Steering Committee, which estimates that currently 134 million Brazilians have access to the Internet.

 

By Angelica Mari via ZD Net

 

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Brazil braced for IPO spree this year after bumper 2020

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Brazil’s stock market is gearing up for another rush of flotations in 2021, after an army of new investors helped spur the strongest year for initial public offerings in more than a decade.

An iron ore miner, a crematorium operator and an online furniture seller are among a list of 41 companies that have announced their intention to debut on São Paulo’s B3 exchange, which in spite of the Covid-19 pandemic chalked up 28 IPOs last year — the biggest number since 2007’s all-time record of 64.

 

By Michael Pooler via Financial Times

 

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BNDES okays funding for 40-MW biomass power plant in Brazil

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January 20 (Renewables Now) – Brazil’s National Development Bank (BNDES) has approved financing of BRL 941.6 million (USD 177m/EUR 146m) for the construction of a 40-MW biomass power plant and several upgrades planned by Grupo Sao Martinho SA (BVMF:SMTO3).

Named UTE Sao Martinho Bioenergia, the new biomass plant will use sugarcane bagasse as fuel. Located in the municipality of Pradopolis, Sao Paulo state, Sao Martinho should be able to generate some 210,000 MWh per year.

 

By Lucas Morais via Renewables Now

 

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OVERVIEW – Brazil’s ageing hydro infrastructure is solar’s economic opportunity

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January 20 (Renewables Now) – Brazil, the world’s second-largest producer of hydroelectric power, has an energy problem. While hydropower accounted for 70% of the country’s electricity generation in 2018, its primary source of renewable power is becoming less effective than it once was. Brazil needs to urgently diversify its energy mix to counter the power outages that are becoming a feature of daily life.

 

By Jamie MacDonald-Murray via Renewables Now

 

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Brazil’s Solarian Energy connects 5-MW solar plant in Sao Paulo

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January 19 (Renewables Now) – Brazilian solar energy firm Solarian Energy announced recently it has commenced the commercial operation of a 4.9-MW solar plant in Sao Paulo state.

The UFV Salto de Pirapora II, as the photovoltaic (PV) plant is named, is the company’s first to use solar trackers. It required an investment of BRL 17 million (USD 3.2m/EUR 2.6m) made in partnership with an unnamed foreign fund.

 

By Lucas Morais via Renewables Now

 

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Brazil to kick off COVID-19 vaccination plan

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São Paulo – Brazilian health regulator Anvisa approved emergency use of CoronaVac and the Oxford vaccine in Brazil. The first is produced by São Paulo’s Butantan medical center that is partnered with China’s Sinovac, while the latter was developed by AstraZeneca and the Oxford University with federally funded Fiocruz institute.

The decision was disclosed on Sunday (17) and, minutes later, Monica Calazans (pictured above), a nurse in São Paulo’s Emílio Ribas infectology hospital, became the first person to be inoculated in the country, receiving the Butantan’s vaccine, the Federal Nursing Service Council reported.

 

Via Brazil-Arab News Agency

 

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Brazil to be first country to get Covid vaccine from India, SII will supply 2 million doses

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New Delhi: Brazil is all set to become the first country in the world that will receive two million doses of Covishield from India next week that will be flown directly from Mumbai to Rio de Janeiro via a special flight, ThePrint has learnt.

The Jair Bolsonaro administration will be procuring the vaccine at a “special rate” under a deal that was finalised between the Brazilian government and Pune’s Serum Institute of India (SII) earlier this month, diplomatic sources told ThePrint. SII has manufactured the Oxford-AstraZeneca’s Covid-19 vaccine in India.

 

By Nayanima Basu via The Print

 

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Brazil’s BTG Pactual to raise $377 mln in share offering

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SAO PAULO, Jan 14 (Reuters) – Brazilian bank Banco BTG Pactual SA plans to raise at least 2 billion reais ($377 million) in a share offering, a securities filing showed on Thursday.

The bank will sell 22,222,222 new shares, comprising one common share and two preferred shares, in the follow-on. It may raise the offering by 25% depending on demand.

 

By Carolina Mandl via Yahoo Finance

 

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Nordex gets Brazil nod for 5MW model

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Nordex has obtained the accreditation in Brazil for the N163/5.X wind turbine model from National Bank for Economic and Social Development (BNDES).

Wind farm developers in Brazil will be able to purchase N163/5.X wind turbines using the credit line known as FINAME, as well as other similar financing lines that use the BNDES accreditation system to define local content.

 

Via Renews.Biz

 

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China/Brazil sea freight prices soar, almost five times higher than six months ago

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Sea freight on the China-Brazil route has soared and reached an unprecedented US$ 10,000 per TEU, according to importers and shipping companies operating in the port of Santos.

”It is a record high; I had never seen freight reach that amount,” said Luigi Ferrini, Senior Vice President of Hapag-Lloyd in Brazil. A year ago, the cost of this same route was in the range of US$ 2,000 per TEU.

 

Via Hellenic Shipping News

 

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Brazilian Food Delivery Market 2020 – COVID-19 Has Accelerated Brazil’s Digital Transformation

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DUBLIN, Jan. 11, 2021 /PRNewswire/ — The “The Brazilian Food Delivery Market, 2020: A Benchmark of the Top 8 Companies” report has been added to ResearchAndMarkets.com’s offering.

Brazil’s digital transformation has been greatly accelerated by the COVID-19 pandemic, resulting in several types of solutions being launched into the food delivery market. The increasing use of smartphones and new technologies across various regions of the country, including small cities with few resources, has made food delivery services a routine element of the Brazilian lifestyle.

 

Via Cision PR Newswire

 

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Brazil: Brazil’s CNPE Establishes Guidelines For New Biodiesel Marketing Model

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On December 30, 2020, the National Energy Policy Council (“CNPE”)  published Resolution No. 14/2020 (“Resolution No. 14”), which establishes guidelines for the marketing of biodiesel in the national territory and provides for other measures.

Resolution No. 14 establishes that all biofuel necessary to comply with the mandatory percentage set forth by Law No. 13,033/2014 must be contracted by means of a marketing model, replacing the public auctions. The National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) shall be responsible for regulating the biodiesel marketing model, which became effective January 1, 2020.

 

By Bruno Triani Belchoir , Bárbara Eiroa Leite and Leandro Duarte via Mondaq

Brazil’s industry up 1.2% in November: IBGE

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São Paulo – Brazil’s industrial output climbed for the seventh month in a row, up 1.2% in November from October 2020. But year to date through November, it was down by 5.5%. In the twelve months through November, it declined by 5.2%. Despite the recent positive outcomes, industrial output is down 13.9% from the peak in May 2011.

Figures from the Monthly Industrial Survey made public on Friday (8) in Rio de Janeiro by statistic agency IBGE shows that the industry was up 2.8% from November 2019.

 

Via Brazil-Arab News Agency

 

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Almeida Advogados Launches Family Law and Wealth Planning Practice Area

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Dear Friend of the Firm,

We are pleased to inform you of the inauguration of our firm’s Family Law and Wealth Planning practice area.

Heading the practice area are our new partners Daniella Almeida and Felipe Ragusa, who departed from the much lauded São Paulo Family Law and Wealth Planning law firm Laiz Amaral de Andrade Advogados to join Almeida Advogados.

 

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MadeiraMadeira, the Brazilian answer to Wayfair or Ikea, is now worth $1 billion

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MadeiraMadeira, the Brazilian answer to Wayfair or Ikea, is now worth $1 billion after raising $190 million in late stage financing from investors led by SoftBank’s Latin American investment fund and the Brazilian public and private investment firm, Dynamo.

An online marketplace specializing in home products, MadeiraMadeira offers roughly 300,000 products so customers can build, furnish, renovate and decorate their homes.

 

By Jonathan Schieber via Tech Crunch

 

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Brazil: COVID-19 Vaccine Rollout In Brazil

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Although the rollout of the COVID-19 vaccines may be more important to certain employers (such as those in health care), employers in all  industries should monitor the development of the Government’s vaccine roll-out program, as the vaccine concerns public health. In this Legal Update, we answer some of the questions that employers may have.

 

By Aline Fidelis and Vinicius Rodrigues de Castro via Mondaq

 

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Brazil’s services sector expands in Dec for 4th month, but pandemic fears linger – IHS Markit

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BRASILIA, Jan 6 (Reuters) – Brazil’s services sector expanded in December for a fourth straight month and at a slightly faster pace than the month before, a purchasing managers’ survey showed on Wednesday, although underlying data painted a more mixed picture.

Services have lagged manufacturing and industry in the rebound from the COVID-19 crisis but have recently shown signs that the bounceback is underway, a view strengthened by hopes a vaccine will soon be available.

 

By Jamie McGeever via Reuters India

 

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Enel allowed to switch on 260 MW of wind parks in Brazil

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January 5 (Renewables Now) – Brazilian power sector watchdog Aneel has given the green light to the start of commercial operations of 260 MW of wind parks owned by local units of Italian firm Enel Green Power SpA.

Aneel’s approval allows the company to generate power from the EOL Ventos de Santa Angela 6, 7, 8, 9, 10, 11 and 14 parks. These plants are situated in the cities of Queimada Nova and Lagoa do Barro, Piaui state.

 

By Lucas Morais via Renewables Now

 

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Brazil may add 9 GW of distributed solar over next two years

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“With the financial problems of our competitors, Aldo became the largest PV product distributor in Brazil this year”, said the president of Brazil’s largest PV product distributor and system integrator, Aldo Pereira Teixeira, in an interview with pv magazine. “Currently, our market share is around 35 to 36 percent.”

Aldo currently focuses on the sale of residential, commercial, and industrial photovoltaic systems and only 3 percent of the company’s revenue is concentrated on projects with a power greater than 1 MW, in which remote self-consumption is a priority. The situation of distributed generation in Brazil is still very promising, Pereira Teixeira added. “Brazil has 89 million consumer units and only 330,000 photovoltaic systems connected to the grid; we have a huge space to keep growing.”

 

By Emiliano Bellini via pv magazine

 

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Brazil scrambles for India-made vaccines to jumpstart inoculations

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BRASILIA/RIO DE JANEIRO (Reuters) -Brazil made a diplomatic push on Monday to guarantee an Indian-made shipment of British drugmaker AstraZeneca’s COVID-19 vaccine, hoping to avoid export restrictions that could delay immunizations during the world’s second-deadliest outbreak.

In parallel, Brazil’s private clinics struck a preliminary deal for an alternative injection made by India’s Bharat Biotech despite a lack of public results from late-stage trials.

 

By Ricardo Brito and Pedro Fonseca via Reuters

 

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Brazil and UK to cooperate on digital transformation and innovation

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An agreement has been signed between Brazil and the UK to accelerate digital transformation and innovation in public services delivery in the Latin American country.

Under the memorandum of understanding signed on December 29 by Acting British Ambassador to Brazil Liz Davidson and Brazilian digital secretary Luis Felipe Monteiro, the countries will be working together until March 2023.

 

By Angelica Mari via ZD Net

 

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China’s CEEC to build 869 MW of wind, solar parks in Brazil

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December 22 (Renewables Now) – China Energy Engineering Corp (HKG:3996), also know as CEEC, announced on Monday that one of its units has secured two contracts to build 869 MW of renewable power plants in Brazil.

The deal concerns a 231-MW wind farm and a 638-MW solar photovoltaic (PV) park, both to be built in Rio Grande do Norte state. The two engineering, procurement and construction (EPC) contracts were secured by China Gezhouba Group International Engineering Co Ltd.

 

By Lucas Morais via Renewables Now

 

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Brazil: Brazil Remains Wedded To LNG Despite Upset

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For quite some time, Brazil has garnered the right ingredients for a robust natural gas market: a large population underpinning rising energy demand, sizable reserves and a market hungry for diversification of energy sources. However, the gas market remains small compared to its vast resource base and demand potential. It is also highly concentrated.

 

By Liliana Diaz via Mondaq

 

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Accenture to work on sale of Brazil’s state-owned tech firms

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The Brazilian Development Bank (BNDES) has announced the winner of the tender for the modeling the process relating to the privatization of two of the country’s largest state-owned technology companies.

The Social Security Technology and Information Company (Dataprev) and the Federal Data Processing Service (Serpro), – companies accountable for the development, maintenance, and operations of thousands of government systems as well as major data-related government strategy and projects – will be sold in 2021.

 

By Angelica Mari via ZD Net

 

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Foreigners Need Negative Covid-19 Exam to Fly to Brazil

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Brazilians traveling abroad will have to present a negative Covid-19 test to the airline when embarking back to the country.

The test must be taken within 72 hours prior to departure. Foreigners traveling to Brazil are subject to the same rule, which becomes effective as of December 30 this year and can disrupt the trip of those who have planned holidays abroad.

 

By Fernanda Mena via Folha de S. Paulo

 

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5 FinTech companies transforming the financial space in Brazil

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Brazil is a strategic player in the global market and the most influential country in Latin America. The country is said to have the largest online population in Latin America, with 150mn Brazilians connected and 68% owning a smartphone. It is also the largest FinTech hub in Latin America, which is driven by strong growth in the digital banking segments.

According to Global Index database, there are about 48mn unbanked Brazilians. This part of the population moves nearly 204bn USD of the country’s economy per year. The articles list 5 FinTechs disrupting the financial space in Brazil.

 

By Pavithra R via IBS Intelligence

 

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Beef exports from Brazil to end the year at a record high

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São Paulo – Beef exports from Brazil are set to end the year of 2020 at a new record high in volume and revenue, the Brazilian Beef Exporters Association (ABIEC) forecasts.

The organization forecasts that the volumes shipped from January to December will reach 2.02 million tonnes, up 8.8% from a year ago. Revenues should reach USD8.53 billion by the end of the year, up 11.8% year on year.

 

By Bruna Garcia Fonseca via Brazil-Arab News Agency

 

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Brazil’s luxury real estate sees boom during pandemic

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Globally, affluent professionals are adopting a work-from-home lifestyle and affecting a mini-coronavirus exodus from dense urban centers. Brazil has the second-highest number of COVID-19 fatalities after the U.S., while the luxury real estate market is experiencing an unexpected boom.

In Rio de Janeiro’s exclusive neighborhood of Joa, real estate buyers are clamoring for the spectacular views overlooking the Atlantic Ocean.

 

By Lucreia Franco via CGTN

 

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Outlook for Good Growth Maintenance of AUM of Brazilian Asset Managers in 2021

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Fitch Ratings-Sao Paulo-17 December 2020: Fitch Ratings’ sector outlook for asset managers in Brazil is stable, as is the Rating Outlook. The agency highlights the return to growth amid shifting investor needs and uncertainties after the crisis caused by the coronavirus pandemic. The inflows have been propelled by the decline in benchmark interest rates to a historical low of 2.0%, driving strong demand for more sophisticated investment strategies, such as equity and multimarket. Fitch expects these dynamics to remain in place during 2021, despite ongoing concerns related to the government’s fiscal condition and the global pandemic.

 

By Pedro Gomes via Fitch Ratings

 

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Brazil announces Covid-19 vaccination rollout plan

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(CNN)Brazil’s Ministry of Health on Wednesday announced its national vaccination rollout plan to counter Covid-19, set to start early next year.

During a ceremony at the Planalto Palace in Brasilia, with President Jair Bolsonaro in attendance, the country’s Health Minister Eduardo Pazuello gave what he called a “macro-view” of the strategy to vaccinate Brazilians. ANVISA, Brazil’s health regulatory agency, has yet to officially authorize the use of any Covid-19 vaccine in Brazil.
By Tatiana Arias and Florencia Trucco via CNN

Brazilian Enterprises Speed Up Digital Transformations as COVID-19 Changes Business Realities Overnight

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SÃO PAULO, Brazil, Dec. 09, 2020 (GLOBE NEWSWIRE) — Many enterprises in Brazil responded to the COVID-19 crisis this year by accelerating digital transformation projects, creating new opportunities for service providers that help companies plan and implement these efforts, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2020 ISG Provider Lens™ Digital Business – Solutions and Service Partners report for Brazil found the pandemic and associated lockdowns left many industry segments struggling to survive in the first months of 2020. Rapidly emerging trends in response to the crisis, such as consumer adoption of online shopping and internet banking, and workplace adoption of video conferencing and collaboration platforms, led companies to carry out in a few months what would have been years-long digitization projects.

 

Via GlobeNewsWire

 

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BNDES okays loan for 90-MW Powertis solar complex in Brazil

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December 16 (Renewables Now) – Brazil’s National Development Bank (BNDES) has approved a BRL-191-million (USD 37.5m/EUR 30.8m) loan to support the construction of the 90-MW Pedranopolis photovoltaic (PV) complex owned by Spain’s Powertis SA.

Located in Sao Paulo state, the PV complex consists of three solar parks scheduled to commence operations in December 2021. Once operational, Pedranopolis will be able to generate enough power to meet the demand of 125,000 homes.

 

By Lucas Morais via Renewables Now

 

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Pix goes live: updated numbers on the new instant payment method in Brazil

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After much anticipation, Pix – Brazil’s instant payments platform developed by the Central Bank of Brazil – has gone live for the entire Brazilian population. The new payment method allows immediate money transfer, 24 hours a day, 7 days a week, including weekends and holidays.

By the 3rd  of December, the Central Bank of Brazil had registered over 100 million Pix keys. Now, 60% of Brazilians already prefer Pix over TED (Express Wire Transfer) and DOCs (Credit Transfer Document), according to a research carried out by C6 Bank and IBOPEdtm. Further, 91% already know about Pix and find the new payment method safe.

 

By Ralf Germer via Paypers

 

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Enel commences construction of 1.3-GW renewables portfolio in Brazil

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December 15 (Renewables Now) – The Brazilian green power unit of Italian energy major Enel SpA (BIT:ENEL) said on Monday it has initiated construction works on 1.3 GW of renewable energy plants in the Northeastern region of Brazil.

Enel Green Power Brasil Participacoes Ltda (EGPB) is building four wind farms and one solar plant at a total cost of about BRL 5.6 billion (USD 1bn/EUR 901m).

 

By Lucas Morais via Renewables Now

 

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Farm Rio’s guide to taking a Brazilian brand international

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Farm Rio is on a quest to become among the handful of Brazilian clothing and footwear brands to go global like Havaianas flip flops.

To do it, the 23-year-old label, known for its bold, fun prints with tropical motifs, is manufacturing abroad, using collaborations with popular global brands like Levi’s to build awareness and leaning into its Brazilian heritage of colour and bold, tropical prints. A unit of publicly traded Grupo Soma, Farm Rio is making inroads at top global department stores from Neiman Marcus to Saks Fifth Avenue and its Farm Rio’s flagship New York store beat sales predictions by over 50 per cent. Farm Rio revenues outside Brazil jumped 217 per cent to 63.4 million reais ($12.5 million) in the first nine months of 2020, with domestic revenues of $69.8 million.

By Christiana Sciaudone via Vogue Business

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Record grain harvest forecast for Brazil in 2020-2021

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The Brazilian state-owned National Supply Company, or Conab, forecasts that the forthcoming harvest of grain in Brazil will amount to 265.9 million tonnes, 3.5 percent more than the last harvest and the most on record, Xinhua reports.

The Chinese government-run news agency says Conab attributes the growth it forecasts to more land being cultivated, and greater productivity.

 

Via Macau Hub

 

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Mass adoption of AI can aid Brazil’s economic recovery, study says

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The Brazilian economy could benefit from a boost of up to 4.2% within the next decade if companies and governments promote large-scale adoption of artificial intelligence, according to a new study by consulting firm FrontierView commissioned by Microsoft.

The potential of GDP increase of more than four percentage points is the most optimistic scenario set out in the reseach, whereby AI use goes beyond automation and is used to create highly skills jobs, drive productivity and economic growth.

 

By Angelica Mari via ZD Net

 

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Hydro signs MoUs for renewable power projects in Brazil

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Hydro has signed two Memorandums of Understanding (MoUs) with the aim to develop two renewable power projects in Brazil.

Renewable energy is an important step towards a more sustainable future, and it is a key element in Hydro’s strategic agenda. These agreements are an important step for Hydro’s newly established Renewable Growth unit, which targets to offer competitive renewable power to Hydro’s industrial assets by taking equity and operator positions in wind, solar and hydropower projects in Brazil and the Nordics.

 

By Nadine Blossom via Aluminum International Today

 

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Tribute to Joseph Safra (1938-2020)

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On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on December 10, 2020 at the age of 82, of Joseph Safra, Lebanese-Brazilian banker who ran the Brazilian banking and investment empire Safra Group, and longtime Chamber affiliate.  The Safra family has been a great supporter of the Chamber since its inception in 1969, and Mr. Safra’s dialogue with the Chamber strengthened ties between Brazil and the United States and furthered our mission of promoting trade and investment between the two nations.

Born in Beirut, Lebanon to a Sephardic Jewish family with banking connections, Mr. Safra moved to Brazil in 1952.  In 1955, his brother Edmond and father Jacob started financing assets in São Paulo.  That same year, Mr. Safra founded Banco Safra, and went on to serve as Chairman of all Safra companies, offering banking services throughout North America, South America, and Europe.  He was credited with making Banco Safra one of Brazil’s soundest banks and today, the sixth largest private bank in Brazil.  As Brazil’s richest man and, for many years, the world’s wealthiest banker, he also spent much of his time funding health, education, and charity projects.

Mr. Safra is survived by his wife, Vicky Sarfati, and their four children – Jacob, Esther (and spouse Carlos Dayan), Alberto, and David.  More information on Mr. Safra’s great life and career can be found here:

https://www.reuters.com/article/people-safra-obituary-idUSL1N2IQ0YQ

Brazil’s coffee exports to Arab countries up 13%

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São Paulo – Year-to-date through November 2020, Arab countries stepped up their imports of Brazilian coffee more than any other continent or economic bloc. Those countries imported 1.89 million 60-kg bags of coffee, up 12.9% year-over-year. Foreign exchange revenue came out to USD 192.7 million, marginally down 0.3%. The numbers were made public this Wednesday (9) by the Brazilian Coffee Exporters Council (Cecafé).

Total exports from Brazil amounted to 39.8 million bags of coffee, up 5.7% from a year ago, with foreign exchange revenue climbing 6.7%, to USD 5 billion. Average price per bag increased by 1% to USD 126.45.

 

Via Brazil-Arab News Agency

 

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Brazil Is a Lone Bright Spot for Oil Demand Outside of Asia

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Brazil is providing one of the few bright spots for oil demand outside of Asia with the coronavirus continuing to ravage the U.S. and Europe.

Fuel consumption in Latin America’s largest economy has already surpassed pre-virus levels and is expected to be stronger than 2019 going into next year on the back of robust agricultural demand and more driving.

 

By Lucia Kassai via Bloomberg

 

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White House Coronavirus Task Force backs restoration of inbound travel from Brazil, UK and Europe, sources say

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The White House Coronavirus Task Force has recommended to President Donald Trump that the United States begin allowing travelers into the country from Brazil, the United Kingdom and the 27 countries in the European Union, according to two officials involved in the discussions.

If Trump signs off on the policy proposal, it would reverse bans on inbound travel for U.S. allies put into place at the beginning of the pandemic as the virus surged overseas. Travel from China and Iran, two of the earliest hotspots for the virus and from which travel was restricted in January and February, would not be relaxed, according to these officials.

 

By Kayla Tausche via CNBC

 

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Footwear exports from Brazil up 13.8% in November

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São Paulo – Footwear exports from Brazil were up 13.8% year-on-year in November to 9.55 million pairs, the Brazilian Footwear Industry Association (Abicalçados) reported this Tuesday (8). Revenue was down 23.8% to USD 53.4 million.

Flip flop exports soared by 52% year-on-year. ANBA had anticipated this trend in an article last September.

 

Via Brazil-Arab News Agency

 

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Driven by China, beef sales from Brazil up 9%

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São Paulo – Year to date through November, beef exports from Brazil reached 14,848,067 tonnes, up 9% from a year ago, and USD7.7 billion, up 14%, the Brazilian Meat Packers Association (Abrafrigo) reported quoting the Brazilian Ministry of Economy’s Foreign Trade Secretariat figures.

According to the association, the Chinese imports in November compared to October helped keeping the 2020 growth forecast close to 10% in volume and around 15% in revenue. In volume terms, China bought 1,071,273 tonnes year to date through November, up 31% from 2019. In revenue, the Chinese market accounted for 57.9% of beef exports from Brazil, from 43.2% in 2019.

 

Via Brazil-Arab News Agency

 

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Why This Startup In Brazil Is Super-Optimistic About The Future Of Coworking Spaces

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If you thought that coworking was a non-starter during a pandemic, think again. Eureka Coworking is a Brazilian-based startup bringing people back to their offices with a commitment to safety, flexibility, and sustainability. Headquartered in São Paulo, Brazil, Eureka Coworking has offices in that city and its environs, as well branches in Portugal. Location has become even more important with the pandemic.

“This is the perfect moment for us because most people lack sufficient space to work at home in a professional manner, and our locations nearby bike lanes and within walking distance of neighborhoods help people who want to ride bicycles or walk to work,” said Daniel Moral, co-founder and CEO of Eureka Coworking. “We talked with our clients and decided to open together using safety measures.”

 

By Susan Galer via Forbes

 

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How emergency aid fueled economic recovery in Brazil

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São Paulo – Brazil’s Gross Domestic Product (GDP) numbers show that the economy is reacting to incentives such as the emergency aid program, said Ecio de Farias Costa, a professor at the Federal University of Pernambuco (UFPE), in an interview over the phone with ANBA. Brazil’s Q3 GDP was up 7.7% from Q2 to BRL 1.891 trillion (USD 364,5 bn), the Brazilian Institute of Geography and Statistics (IBGE) reported this Thursday (3).

Emergency aid was made available in April by the federal government to citizens deemed most vulnerable to the economic crisis triggered by the novel coronavirus – those unemployed or whose monthly per capita household income fell short of half a minimum wage. Aid was supplied in instalments of BRL 600 (USD 115), or BRL 1,200 (USD 230) for women-led households. By September, the aid was extended through December 31, in just four instalments of BRL 300 (USD 57), and double that amount for single-mother families. For these latter instalments, however, the criterion changed, and not everyone was able to get the cash.

 

By Thais Sousa via Brazil-Arab News Agency

 

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Brazil energy sector to thrive next decade

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The 2020s will be a key decade for Brazil, not only for oil and gas projects, but for the energy sector in general, as pre-salt production continues to soar to new highs and operators begin a gradual shift to cleaner energy sources.

“Next year will be huge, not only for Brazil’s deep-water and offshore plays, but as Brazil also moves to unlock the onshore,” Genesis Energies South America general manager Rodolpho Athayde told Upstream’s recent Brazil Oil & Gas digital event.

By Fabio Palmigiani via Upstream

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Brazil gets Chinese COVID-19 vaccine doses, Senate OK’s British vaccine funding

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SAO PAULO (Reuters) – São Paulo’s Butantan Institute biomedical center on Thursday received 1 million doses of a Chinese COVID-19 vaccine developed by Sinovac Biotech Ltd that is undergoing late-stage testing by the institute at 16 locations in Brazil.

The consignment of CoronaVac vaccine will be packaged and labeled at Butantan’s facilities pending regulatory approval. Butantan said it expected Sinovac to publish efficacy results from its vaccine trials by Dec. 15.

 

Via Reuters

 

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Brazil’s services sector expands in November, but growth slows, IHS Markit says

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BRASILIA, Dec 3 (Reuters) – Brazil’s services sector expanded in November for a third straight month but at a slower pace than the month before, a purchasing managers’ survey showed on Thursday, as worries over a second wave of the coronavirus cooled the recent recovery.

Services have lagged manufacturing and industry in the rebound from the COVID-19 crisis but had recently shown signs – particularly in job growth – that the bounceback was finally underway.

 

By Jamie McGeever via Reuters

 

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Cescon Barrieu’s Expansion to Canada

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We are pleased to announce that as of January 2021 we will be the first major Brazilian law firm to have a physical presence in Canada, with the opening of our Toronto office. This initiative is part of Cescon Barrieu’s growth and expansion strategy, as we celebrate our 20th anniversary in January 2021.

“We are excited to open the Toronto office, our first office outside Brazil,” said Cescon Barrieu Managing Partner Joaquim Oliveira. “Canadian companies have been a significant part of our cross-border work since our firm was formed almost twenty years ago.

Our Toronto office will enhance our ability to provide the best possible legal services to our Canadian clients with interests in Brazil.” Our Toronto office will be headed by Frederico Marques, who has been living and working in Canada for almost 15 years. Frederico led McCarthy Tetrault’s Latin American practice over the past seven years.

From the outset, our Canada Desk will have a multidisciplinary team comprised of a group of nearly 20 partners and associates, including by Marcos Flesch, Ana Carolina Passos and Ana Paula Calil in Corporate/M&A and Capital Markets, Frederico Viana and Marcelo Mendo in Mining and Environmental law, Helena Abdo in Arbitration and Litigation, and Luciano Souza in Compliance and Government relations.

The integrated practices between our offices in Brazil and Canada will initially be focused on business opportunities in Mining, Infrastructure, Energy and Renewables, Oil and Gas, ESG, Technology & Fintech, and Medical Cannabis.

 

Brazil’s health regulator open to approving Covid-19 vaccines for emergency use

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Brazil’s health regulator Anvisa said on Wednesday it was open to approving COVID-19 vaccines for emergency use and outlined the requirements for companies looking to do so.

Anvisa said authorizations would be analyzed on a case-by-case basis and that to be considered the vaccine must be in late-stage trials in Brazil. It said no requests had been received so far.

 

Via Merco Press

 

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Chubb and Nubank Launch Fully Digital Life Insurance Offering in Brazil

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NEW YORK and SAO PAULO, Dec. 1, 2020 /PRNewswire/ — Nubank and Chubb today announced the launch of a fully digital life insurance offering in Brazil. With the introduction of Nubank Vida, the largest independent digital bank in the world enters the insurance market with a fast, seamless and personalized capability available to its 30 million customers across Brazil. Nubank Vida is underwritten by Chubb, the world’s largest publicly traded property and casualty insurer with operations in 54 countries and territories. Nubank Vida was developed using the integration capabilities of Chubb Studio, the global digital product distribution platform announced by Chubb in September.

The Nubank life insurance offer is fully customized to allow the customer to enjoy a seamless experience where quotes, bill payment and account management are all transacted digitally. Basic coverage includes natural or accidental death and funeral assistance, as well as living benefits covering hospitalization for accident, disability for accident and funeral assistance for family members.

 

Via Cision PR Newswire

 

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Vestas wins 534 MW order in Brazil to extend Casa dos Ventos’ wind farm

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Vestas wins 534 MW order in Brazil to extend Casa dos Ventos’ wind farm and make it the largest wind power project in Latin America.

Casa dos Ventos, one of the pioneers and largest investors in the development of wind energy projects in Brazil, has placed a 534 MW order for the second stage of the of the Rio do Vento complex, located in the state of Rio Grande do Norte in Brazil. The extension will add to the 504 MW first phase of the project that is currently under construction, and the combined complex of more than 1 GW will be the largest wind farm in Latin America to date.

 

Via Reve

 

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Brazil: General View Of The Project “Transfer Pricing In Brazil”

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In February 2018, the OECD and Brazil started a joint project to analyze the similarities and differences between Brazilian legislation and the transfer pricing (“TP”) frameworks to assess cross-border transactions between associated enterprises from a tax standpoint. This project is within the scope of Brazil’s initiative to engage with the OECD in tax-related projects, and, in a broader respects, consistent with Brazil’s interest in initiating the process to join the OECD.

Stages of the Project

The project had three stages:

  • Stage 1: preliminary analysis of the legal and administrative framework of Brazil’s transfer pricing rules;
  • Stage 2: assessment of the strengths and weaknesses of Brazil’s existing transfer pricing rules and administrative practices; and
  • Stage 3: options for alignment with the OECD transfer pricing standard.

 

By Ivan Tauil and Thais Rodrigues via Mondaq

 

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Brazil’s new basic sanitation legal framework A pathway for the transformation of the sanitation sector in Brazil and for private investors to be part of the change

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In brief

In July 2020, Brazil’s New Sanitation Legal Framework was approved. It aims at the universalization of sanitation and water supply in Brazil by 2033 by attracting investment of USD128 billion. The new regulatory framework is expected to transform the nation’s water and sanitation sector, creating a business environment with more competition and legal certainty, and fostering domestic and foreign private investment in the sector.

Introduction

On July 15, 2020, Brazilian President, Jair Bolsonaro, sanctioned Federal Law No. 14.026/2020, also called as Brazil’s New Sanitation Legal Framework. This new regulation had been awaited with great anticipation and promises to change the way water and sanitation services are provided in the country by bringing more stability and legal certainty and enabling domestic and foreign private investment in the sector.

 

By DLA Piper via Lexology

 

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Brazil trials facial recognition with retired public servants

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The Brazilian government has announced a facial recognition trial with retired public servants to support the process of periodic verification that the beneficiary is alive in order to continue receiving of benefits.

The trial underpinning the process will be carried out with 10,000 retired federal civil servants and pensioners and the participants will be able to follow the process through a people management mobile app developed for federal government staff. If the pilot is successful, the functionality will be extended to 700,000 people.

 

By Angelica Mari via ZD Net

 

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Monashees-backed Pier Raises $14.5M Poised To Lead Insurance In Brazil

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Brazilian digital insurance company Pier is now issuing its own policies following a $14.5 million Series A round of funding.

The company started with insurance for auto and smartphones and that provides coverage without a grace period or deductible costs and that can be contracted entirely online, Igor Mascarenhas, co-founder and CEO, told Crunchbase News.

 

By Christine Hall via CrunchBase

 

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Brazil eyes $100 billion annual exports to China within a decade – Guedes

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Economy Minister Paulo Guedes lauded the economic boost from Brazil’s policy mix of low interest rates and a weak exchange rate, forecasting that exports to China will reach $100 billion a year within a decade.

In two online live events, Guedes also reiterated his view that the economy is undergoing a “V-shaped” recovery and creating jobs, and said the government’s economic reform program will accelerate once this month’s local elections are done.

 

By Jamie McGeever and Marcela Ayres via Hellenic Shipping News

 

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Brazil on track to end recession early 2021, as private activity speeds up

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Brazil’s economy probably rebounded at a record quarterly pace in July-September and was on track for a better start to 2021 than previously thought, as businesses and households recovered from the first surge in COVID-19 cases.

But on a year-ago basis, gross domestic product (GDP) in Latin America’s No. 1 economy is still expected to shrink, as well as in the current quarter and modestly in the first three months of 2021, marking five straight quarters of contraction.

 

Via Merco Press

 

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Canadian Solar signs PPAs for 862 MWp of solar in Brazil

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November 24 (Renewables Now) – Canadian Solar Inc (NASDAQ:CSIQ) has recently signed power purchase agreements (PPAs) covering 862 MWp of new solar capacity in Brazil.

The first contract was sealed with Brazilian investment bank and energy trader Banco BTG Pactual SA (B3:BPAC11). Under its terms, Canadian Solar will supply electricity from a 170-MWp cluster of projects located in Minas Gerais state for a 12-year period.

 

By Lucas Morais via Renewables Now

 

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Crimefighting NGO tracks Brazil wildlife trade on WhatsApp and Facebook

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In the tropical forest surrounding Alter do Chão, a Brazilian town located on a languid stretch of the Amazon River and home to what is considered one of the most beautiful freshwater beaches in the world, monkeys, macaws, agoutis and armadillos co-habit in relative harmony.

About 33 kilometers west of the city of Santarém in Pará state, life’s slow pace in the village has long been a draw for weekend trippers and foreign tourists alike. But Alter do Chão and its surroundings, increasingly threatened by illegal loggers and poachers, is also a base for what may be one of the most innovative nonprofit organizations fighting animal trafficking in Brazil.

 

By Peter Yeung via Mongabay

 

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Brazil planning an 80% resumption of daily flights during December

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Brazil’s average daily flights fell from the original 2,500 to about 200 during the Covid-19 pandemic lockdown period. In the months with the highest surge of the pandemic, Brazilian airlines reduced their operations by 99%.

But now, Brazil’s civil aviation sector appears to have bounced back from the strong impact of the COVID-19 pandemic, and in December expects to be operating at 80% of the capacity it registered in the same month last year, Ronei Glanzmann, head of the National Civil Aviation Secretariat, said at a forum sponsored by the Ministry of Infrastructure.

 

Via Merco Press

 

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Brazil will sign non-binding letters of intent for Covid-19 vaccines with four companies and Russia’s sovereign fund

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Brazil’s health ministry said on Sunday it will sign non-binding letters of intent to purchase coronavirus vaccines from four companies and Russia’s sovereign wealth fund, adding that any purchase will depend on the approval of the nation’s regulators.

According to the ministry, officials met last week with representatives of Pfizer Inc, India’s Bharat Biotech, the Russian Direct Investment Fund, Moderna Inc and Janssen, a unit of Johnson & Johnson.

 

Via Merco Press

 

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Brazil’s Linx set to be acquired by StoneCo for $1.28 billion

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Shareholders of Brazilian software firm Linx have agreed to back an acquisition offer from NASDAQ-listed payments processor StoneCo.

The transaction is valued at 6.8 billion reais ($1.28 billion), making it one of the largest ever deals involving a Brazilian technology company. The approval of 63% of Linx’s shareholders for the takeover offer ends a bidding war that saw StoneCo competing with Brazilian ERP giant Totvs since August.

 

By Angelica Mari via ZD Net

 

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First doses of China’s CoronaVac COVID-19 vaccine arrive in Brazil

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SAO PAULO (Reuters) – The first 120,000 doses of CoronaVac, a COVID-19 vaccine developed by China’s Sinovac Biotech SVA.O that is being tested in Brazil, arrived at São Paulo’s international airport on Thursday morning, the state government said.

The doses will be stored in an undisclosed warehouse as the state awaits approval for use in Brazil by the national health regulator known as Anvisa.

 

Via Reuters

 

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BRICS backing Brazil’s UN Security Council bid

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Brasília – The BRICS – Brazil, Russia, India, China and South Africa – have expressed their support of Brazil’s bid for a seat as a rotating member of the United Nations Security Council in 2022 and 2023. The move was made public in the minutes of the 12th BRICS Summit Meeting (pictured above), held online on Tuesday (18).

The meeting minutes also espouse international cooperation to address the Covid-19 pandemic and equitable distribution of a safe, effective vaccine. The BRICS also call for a reform of the World Trade Organization (WTO) to enable the defense of developing countries, prevent protectionism by wealthy nations, and to work for a “more resilient” global supply chain.

 

Via Brazil-Arab News Agency

 

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Pfizer offers Brazil millions of doses of Covid-19 vaccine; record acceleration of contagion in the country

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Pfizer Inc said on Wednesday it had offered to provide Brazil with millions of doses of a COVID-19 vaccine in the first half of 2021, amid evidence the coronavirus is spreading more rapidly in South America’s largest country.

“Pfizer made a proposal to the Brazilian government, in line with deals we closed in other countries – including in Latin America, that would permit the vaccination of millions of Brazilians in the first half, subject to regulatory approval,” the company said in a statement.

 

Via Merco Press

 

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Brazil to receive China’s Sinovac COVID-19 vaccine, eyes Pfizer candidate

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BRASILIA (Reuters) – Brazil’s Sao Paulo state is set to begin importing the first of 46 million doses of China’s Sinovac vaccine against COVID-19 this week, while the federal government takes a more cautious approach with a vaccine developed by Pfizer Inc.

Federal health officials met with Pfizer representatives on Tuesday as Brazil seeks to secure vaccine supplies. The Health Ministry said in a statement that it would buy the Pfizer vaccine, currently in Phase 3 trials, if it was proven safe and was registered with health authority Anvisa.

 

By Ricardo Brito and Anthony Boadle via Reuters

 

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A company in Brazil made a controversial move to fight racism. Other CEOs should try it

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Although she’s not a household name in the United States, billionaire Luiza Trajano, the richest woman in Brazil, might very well become one soon if her radical new model to confront structural racism takes hold.

Trajano made her fortune with her eponymous Magazine Luiza (or Magalu as it is known) — Brazil’s sprawling 1,000-store department store chain with over 40,000 employees. She recently announced, together with her son, Frederico Trajano, the company’s CEO, a bold and highly controversial move: Its coveted trainee program, long considered a major stepping stone into Brazil’s corporate world, will now only admit Black Brazilians into its ranks in an effort to upend a system that oftentimes sidelines Brazilians of African heritage from rising up the corporate ladder.
By Arick Wierson via CNN Business

Brazil in 2021: The focus is on fiscal policy

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Brazil’s economic policy response to the pandemic was unusually aggressive by emerging market standards. The monetary easing was perhaps the most forceful in EM when you consider the current level of the policy rate of 2%, relative to the ten-year historical average of 10%. The persistent FX sell-off has been the primary side-effect of that easing, which is, arguably a minor concern in the current low-inflation environment.

Much more consequential has been the fiscal stimulus enacted, especially the household income transfers to help offset wage income lost to Covid-19 movement restrictions.

 

By Gustavo Rangel via Think.ING

 

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Facebook’s WhatsApp Gets Another Shot At P2P In Brazil As Google Shows Interest

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WhatsApp is getting another crack at grabbing a slice of Brazil’s fast-growing payments market.

Facebook’s messaging service will soon get a green light to start providing peer-to-peer (P2P) payment services in Brazil, Roberto Campos Neto, head of the country’s central bank, said at a news conference Monday (Nov. 16), Reuters reported.

Campos Neto also noted Brazil’s central bank has talked to other Big Tech firms like Google about their interest in offering instant payments services in the country, Reuters reported.

 

Via Pymnts

 

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Brazil Is Emerging As The World’s Leading Offshore Oil Producer

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Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s second-largest economy. The scale of Brazil’s deep-water offshore oil boom is underscored by the pre-salt Tupi oilfield which for the third quarter of 2020 reached the impressive milestone of having pumped two billion barrels of accumulated oil production in the decade since commercial oil production began. A key reason for this is the rapidly growing popularity of the sweet medium crude oil grades produced from Brazil’s pre-salt oil fields, notably Tupi the world’s largest deep-water oilfield, and the Buzios field.

 

By Matthew Smith via Oilprice.com

 

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Uber to accept fast payments in Brazil in partnership with Ebanx

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SAO PAULO (Reuters) – Uber Technologies Inc started on Monday to take instant payments in Brazil in partnership with payments startup Ebanx, both companies said.

More than 60 million people had already signed up to the newly launched instant payments platform, so-called Pix, before its full operation started this Monday. It allows consumers and companies to make money transfers 24 hours a day, seven days a week, without requiring debit or credit cards.

 

Via Reuters

 

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Mercado Livre announces the opening of five additional distribution centers in Brazil

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This week, we saw Amazon’s announcement of the opening of three more logistics centers in Brazil – in three different states – which are expected to meet demand for Prime deliveries from the US retailer’s subscription service. Now, its Argentinian competitor in Brazil, Mercado Livre, has followed the same path and has announced that it will open five more distribution warehouses in the country.

According to the company, the five new centers will start operating in early 2021 and will be spread across three Brazilian states: Minas Gerais, Santa Catarina and São Paulo.

 

By Re: Jerusalem

 

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Of the Ten Best Universities in Latin America, Three Are Brazilian

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Among the ten best universities in Latin America, three are Brazilian public education institutions. The ranking released by the British consultancy QS (Quacquarelli Symonds) evaluated USP, Unicamp and UFRJ as the most prestigious in the country.

The survey, published annually, evaluated 410 educational institutions from 20 countries in the region. The ranking is led, as in the previous year, by the Pontifical Catholic University of Chile.

 

By Isabela Palhares via Folha de S. Paulo

 

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Saudi Arabia’s poultry imports from Brazil up 22%

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São Paulo – Saudi Arabia’s poultry imports from Brazil were a highlight in October at 44,900 tons, up 22% year-on-year. The information was made public by the Brazilian Animal Protein Association (ABPA) this Wednesday (11).

Last month saw 319,700 tons of poultry shipped abroad from Brazil, down 9.4% year-on-year. Exports fetched USD 446.8 million, down 21.2%.

 

By Thais Souza via Brazil-Arab News Agency

 

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Amazon grows delivery network in Brazil

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(Bloomberg)—Amazon.com Inc. is opening three new distribution centers in Brazil, marking its biggest logistics push in Latin America’s largest market as competition intensifies amid the coronavirus pandemic.

The expansion, which comes two months after the U.S. ecommerce giant launched its largest distribution center yet in the country, adds 75,000 square-meters to Amazon’s logistics infrastructure. It also gives it more bandwidth, raising to 500 the number of cities with deliveries in less than 48 hours—just shy of 10% of municipalities in Brazil.

 

Via Digital Commerce 360

 

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Footwear exports from Brazil up in October

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São Paulo – Brazilian footwear exports saw a slight month-on month growth in October, following a trend of gradual rebound from the economic impact of the pandemic. According to the Brazilian Footwear Industry Association (Abicalçados), October saw 10.43 million pairs of shoes shipped from Brazil, up. 28.6% month on month; revenue came out to USD 55.4 million, up 4.8%.

Year on year, though, volume was down 6.1%, and revenue 36.8%. Year to date through October, exports reached 74.9 million pairs of shoes, down 22.3%, for USD 545.35 million, down 33.6% from a year ago.

 

Via Brazil-Arab News Agency

 

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RPT-CHINA’S OCT SOYBEAN IMPORTS SOAR TO 8.7 MLN T ON RISING BRAZILIAN, U.S. CARGOES

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BEIJING, Nov 7 (Reuters) – China’s soybean imports jumped 41% in October from a year ago, according to data from the General Administration of Customs released on Saturday, as delayed Brazilian cargoes cleared customs and U.S. soybean arrivals grew.

The world’s top soybean importer brought in 8.69 million tonnes of the oilseed in October, up from 6.18 million tonnes in the same month of the previous year, as crushers booked Brazilian beans earlier on good crush margins and as more U.S. beans started to flow in, the data showed.

 

By Hallie Gu and Kevin Yao via Successful Farming

 

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Alexa celebrates a year in Brazil with the launch of sales of the fourth generation of the Echo line

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Amazon today celebrated the first anniversary of its personal voice assistant, Alexa. And, to celebrate, the American giant announced the start of sales of the latest generations of its Echo and Echo Dot smart speakers, announced worldwide in September.

The main novelty of this generation, the design of the cases has been changed, abandoning the format of the disc for a round construction. There’s a significant improvement in sound here, powered by a three-inch woofer, two tweeters, and Dolby processing that delivers stereo sound with high highs, dynamic mids, and deep lows, according to Amazon. In the case of the Echo Dot and Echo Dot with clock, there is also the function that activates the repeat mode with a single press.

 

Via Re: Jerusalem

 

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U.S. Seizes $24 Million In Cryptocurrency On Behalf Of Brazilian Government

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The U.S. Department of Justice (DoJ) has announced yesterday (4) the seizure of virtual currency worth around $24 million on behalf of the Brazilian government as part of an investigation into a large-scale fraud scheme.

According to the Brazilian authorities, more than US$ 200 million was obtained through the cryptocurrency fraud scheme, which is believed to have impacted “tens of thousands” of investors.

 

By Angelica Mari via Forbes

 

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Brazil to lead MERCOSUR talks; Deeper cooperation in defence, space, Ayurveda and agriculture, says India’s envoy to Brazil

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To further strengthen their ties, India and Brazil elevated their bilateral relations to a strategic partnership in 2006 and since then the relationship has witnessed an upward trend. President Jair Bolsonaro was the chief guest at the Republic Day this year. The largest economy in Latin America, Brazil offers a huge market for a wide range of Indian manufactured goods. Also, it is a country with a lot of natural resources and can help India in various sectors especially in agri-tech, bio-energy, pharmaceuticals, oil and defence and space.

Suresh K Reddy who has in September this year assumed charge as Ambassador of India to Brazil talks with Huma Siddiqui on a wide range of topics. Following are excerpts:

 

By Huma Siddiqui via Financial Express

 

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Brazil have digital version of Real, confirms minister Paulo Guedes

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During a ceremony held on Wednesday (4), the Minister of the Economy, Paulo Guedes, confirmed that Brazil will also have a digital currency. The project is already under study by the Central Bank (CB) and will be a direct consequence of the adoption of the PIX.

Guedes didn’t even mention the details of the project, but the idea of ​​a digital currency has already been explored by several countries around the world. The most advanced example is Chinese, since the country’s government has already launched the digital yuan.

 

Via Re: Jerusalem

 

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Brazil Industry Posts Longest Streak of Monthly Gains Since 2012

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(Bloomberg) — Brazil’s industrial production rose for the fifth straight month in September, representing the longest streak of gains since 2012, as billions of dollars in fiscal stimulus spurs broad-based consumer demand.

Output rose 2.6% from August, above the median estimate for a 2.4% gain from economists in a Bloomberg survey. Industrial production increased 3.4% from a year ago, returning

 

By Mario Sergio Lima via Bloomberg Quint

 

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US soybeans being loaded in Louisiana for Brazil

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A U.S. grain export terminal near Baton Rouge, Louisiana, is loading about 38,000 tons of U.S. soybeans on a bulk cargo vessel for shipment to Brazil, according to Southport Agencies shipping lineup.

Brazil is the world’s top exporter of soybeans, so it almost never needs imports. This year, growers have sold huge volumes to top importer China, leaving little for domestic consumption. That has led to price rises for feed for animal farming and meatpacking operations in Brazil, and contributed to food inflation.

 

Via Merco Press

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Brazil’s Black Silicon Valley could be an epicenter of innovation in Latin America

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Over the last five years, Brazil has witnessed a startup boom.

The main startups hubs in the country have traditionally been São Paulo and Belo Horizonte, but now a new wave of cities are building their own thriving local startup ecosystems, including Recife with Porto Digital hub and Florianópolis with Acate. More recently, a “Black Silicon Valley” is beginning to take shape in Salvador da Bahia.

 

By Paulo Rogério Nunes and Tara Collier via Tech Crunch

 

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Brazil has a super port in the southern state of Rio Grande do Sul

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After two years of dredging works using a federal investment of R$ 500 million, (some 80 million dollars) the Port of Rio Grande – the main port in the southernmost Brazilian state of Rio Grande do Sul – will be able to receive vessels of up to 366 meters in length. This is because the port’s new draft, (15 meters) was officially approved on October 26th.

Thanks to the removal of more than 16 million cubic meters of sediment, the operational draft of the so-called internal channel, where the most important port terminals and the largest flow of cargo are located, went from 12.8 to 15 meters. The depth, which was 14.2, is now 16.5 meters. The handling capacity now meets international navigation standards, and the port is able to receive vessels of up to 366 meters in length- a difference of 29 meters in relation to the previous capacity of 337 meters in length.

 

Via Merco Press

 

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Distributed Generation Provides Hope of Energy for the Poor in Brazil

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RÍO DE JANEIRO, Oct 28 2020 (IPS) – “Showing solidarity is consuming the energy generated in your own municipality” – this is the motto of a project of distributed electricity generation in one of Brazil’s many poor neighbourhoods.

“Sertão (the word for the country’s semiarid hinterland) with solidarity” is how the director of the Brazilian Association of Distributed Generation (ABGD) in the southeastern state of Minas Gerais, Walter Abreu, named the project. The organisation promotes solar energy in the north of that state, where 1.5 million of the state’s 2.7 million people live in poverty and half of these in extreme poverty.

 

By Mario Osava via Inter Press Service

 

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Microsoft announces tech training partnership with Brazilian government

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The Brazilian government has announced a partnership with Microsoft to train millions of citizens in technology subjects over the next three years.

Under the Mais Brasil (More Brazil) program, a remote education platform developed in partnership with the Ministry of Economy offers 20 courses through the Microsoft Community Training tool, with the capacity to train up to 5.5 million job seekers by 2023.

 

By Angelica Mari via ZD Net

 

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BNDES okays funding for 505 MW of solar in Brazil

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October 26 (Renewables Now) – Brazil’s National Development Bank (BNDES) said on Friday it will support the construction of 505 MW of solar projects through loans of over BRL 1.1 billion (USD 195.7m/EUR 165m).

Some BRL 910 million of the total will be used for the 415-MW Sol do Sertao Solar Complex in Oliveira de Brejinhos, Bahia state. Brazil’s Essentia Energia is the project developer.

 

By Lucas Morais via Renewables Now

 

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Brazilian anhydrous ethanol hits historical high amid bullish fundamentals

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Santos — The Brazilian anhydrous ethanol market hit its highest traded value on Oct. 21 amid a scenario of fuel consumption increase, lower ethanol production and a lack of imports from the US.

S&P Global Platts assessed anhydrous ethanol ex-mill Ribeirao Preto on Oct. 21 at Real 2,530/cu m ($451.07/cu m), up 13.71% on the month and 17.95% on the year. The assessment was the highest since Platts started to assess this market in April 2014.

 

By Nicolle Monteiro de Castro via S&P Global Platts

 

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Guedes Signs An Agreement to Finance US Exports to Brazil that May Reach US $ 1 billion

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During the last visit of a delegation from the Donald Trump administration to Brasília, Minister Paulo Guedes (Economy) and the president of Exim Bank (Bank of Exports and Imports of the USA), Kimberly Reed, signed a memorandum to identify financing possibilities for exports from that country to Brazil that may add up to US $ 1 billion.

The document signed at the Itamaraty ceremony establishes commitments between Brazil and the USA to advance cooperation on trading goods and services, especially in telecommunications and 5G, energy, infrastructure, logistics, mining, and manufacturing.

 

By Ricardo Della Coletta, Thiago Resende and Gustavo Uribe via Folha de S. Paulo

 

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Brazil invests in technology development

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São Paulo – Brazil’s minister of Science, Technology and Innovation, Marcos Pontes, said on Tuesday (20) that investing in technology development in Brazil, in partnership with other countries, is a way of overcoming global challenges. Pontes discussed projects under development during his participation in the Economic Forum Brazil & Arab Countries, hosted by the Arab Brazilian Chamber of Commerce in partnership with the Arab League and the Union of Arab Chambers.

“The pandemic demands solutions that are also opportunities for small-sized companies that are able to present them. In these lines, Brazil is still struggling in educating technology professionals. The technology will be increasingly important in the composition of the country’s GDP, as it is in agriculture, healthcare, education, and several other sectors,” he said.

 

By Marcos Carrieri via Brazil-Arab News Agency

 

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Covid-19 prompts increase in contactless use in Brazil

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The new coronavirus pandemic has prompted an increase in contactless payments in Brazil, though the method has yet to take off, according to a new study released by Visa.

According to the research, contactless payments made through cards, smartwatches and other mobile devices accounted for about 3% of all payments processed by the company between January and June 2020, compared to 1% in the same period last year.

 

By Angelica Mari via ZD Net

 

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Brazil to play a stronger role in Arab food security

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São Paulo – Brazil will play an even more important role in Arab food security. That was one projection for the Arab-Brazilian relations expressed by Arab Brazilian Chamber of Commerce (ABCC) president Rubens Hannun during the opening ceremony of the Economic Forum Brazil & Arab Countries on Monday (19). The ceremony featured Brazil’s president Jair Bolsonaro and Arab League secretary-general Ahmed Aboul Gheit.

The event is themed “The Future is Now.” Hannun said that the Arab countries are becoming a global standard in technology, environmental preservation, and sustainable production. “Brazil, in turn, will play an even more prominent role in the Arab food security. Therefore, there is plenty of potential to create and expand alliances,” Hannun said.

 

By Isaura Daniel via Brazil-Arab News Agency

 

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BlackRock plans huge expansion in Brazilian ETF market

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BlackRock is planning to cross-list “up to 100” of its overseas exchange traded funds in Brazil to take advantage of a boom in investment sparked by plunging interest rates and market liberalisation.

The world’s largest asset manager said it hoped the ETFs would be available by the end of March next year, which would mark a huge expansion on its existing range of five São Paulo-listed ETFs.

 

By Steve Johnson via Financial Times

 

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U.S. steps up cooperation with Brazil for post-pandemic recovery

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SAO PAULO (Reuters) – The United States boosted its financial cooperation with Brazil on Monday to help the South American nation’s economic recovery from the coronavirus pandemic with a loan to its largest private bank.

The U.S. International Development Finance Corporation (DFC) has extended a $400 million loan to Itau Unibanco Holding SA ITUB4.SA which should be used to finance small companies in Brazil, DFC said in a statement on Monday.

By Leonardo Benassatto and Carolina Mandl via Reuters

Agriculture giants team up on blockchain platform to track grains in Brazil

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The world’s largest grains and oilseeds companies, American giants Bunge and Cargill, have joined together to create the joint venture Covantis, which will use blockchain technology in the agricultural sector in Brazil.

The unprecedented project foresees the exchange of information between all members of Covantis, which also includes the participation of other agribusiness giants such as the French Louis Dreyfus Company (LDC), the Chinese state-owned company Cofco International and the Dutch multinational Glencore Agriculture.

 

By Cassio Gusson via Cointelegraph

 

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BRAZIL TO DISCUSS ELIMINATING TARIFFS ON CORN AND SOY

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RIO DE JANEIRO, Oct 15 (Reuters) – The Brazilian government is set to discuss on Friday a proposal that would temporarily eliminate tariffs on corn and soy imports from countries outside the Mercosur trade block, a source with direct knowledge of the matter told Reuters.

The matter will be decided during a meeting of Gecex, a technical body within the Economy Ministry, said the source, who requested anonymity to discuss confidential matters.

 

By Rodrigo Viga Gaier via Successful Farming

 

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Enel allowed to fire up 96 MW of solar plants in Brazil

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October 15 (Renewables Now) – Brazilian power sector watchdog Aneel has given the green light to the start of commercial operations of 95.68 MW of solar plants owned by local units of Italian firm Enel Green Power SpA.

Aneel’s approval allows the company to generate 50 MW from the UFV Sao Goncalo 5 park and 45.68 MW from UFV Sao Goncalo 6.

By Lucas Morais via Renewables Now

 

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Harnessing Food Waste to Empower Communities in Brazil

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Take a dozen banana peels, wash them gently with a brush under running water, then chop them into small pieces. Next, blend the peels with five spoons of cacao and a cup of ice water. Once the lumps have been removed, place the mixture in a hot, buttered pan and stir it for five minutes. Let it cool down to thicken, and then roll the resulting dough into small spheres. Lastly, dip the balls into sesame or peanut powder, and you’ll have a brigadeiro, an iconic Brazilian dessert.

But this is not the standard version of the sweet: It’s a unique variant created by Regina Tchelly, a 39-year-old Brazilian chef and resident of Rio de Janeiro’s Babilônia slum.

By Agostino Pestroni via EcoWatch

Brazilian coffee exports hit record in September

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São Paulo – Coffee exports from Brazil hit an all-time high in September at 3.8 million bags shipped. The number includes green, soluble, and roast and ground coffee. Shipped volume was 8.6% higher than in September 2019, and the biggest amount ever shipped in a September.

September exports fetched USD 458 million, up 3.6%. Revenue in local currency was BRL 2.5 billion, up 35.7% due to a US dollar hike. Price per bag averaged at USD 120.7. The numbers are from the Brazilian Coffee Exporters Council (Cecafé).

 

Via Brazil-Arab News Agency

 

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Tender launched for utility-scale floating PV in Brazil

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Empresa Metropolitana de Águas e Energia (EMAE), the energy supplier for the Brazilian state of São Paulo, has launched a tender for the deployment of four utility-scale floating PV projects.

The arrays will be built at the largest water reservoir in the state, which hosts an 880 MW hydroelectric power plant. The power station supplies electricity to about 1.8 million people, and is also used for fishing and swimming.

 

By Emiliano Bellini via PV Magazine

 

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Large wind project to double renewable energy capacity in Brazil

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(Florianopolis/Oslo, 07.10.2020) Statkraft is ready to start construction of its Ventos de Santa Eugenia wind project in northeastern Brazil, after closing a turbine supply contract with German wind turbine manufacturer Nordex. Statkraft’s largest wind project in South America will more than double its renewable energy capacity in Brazil.

The 519 MW wind project entails 10 wind farms with a total of 91 turbines in the state of Bahia, located close to Statkraft’s existing Bahia wind power assets. Given the excellent wind conditions in the area, the project will generate almost 2.3 TWh of renewable energy per year, enough to supply 1.17 million Brazilian homes.

 

Via GlobeNewsWire

 

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Who are the best rated mayors in 12 Brazilian capitals

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Brasilia [10/10/2020]

Mayor of Salvador, ACM Neto (DEM), has the best approval rate among the mayors of 12 capitals surveyed by IBOPE.

This week, IBOPE conducted a round of electoral polls in Brazilian capitals in which it also measured the approval of the current mayors. Of the 12 capitals surveyed, only three disapprove of their mayors: Porto Alegre, Recife, and Rio de Janeiro. In São Paulo, the approval and disapproval rates register a technical tie. In the other eight capitals, the current mayors boast approvals that reach 85%, as is the case in Salvador.

Mayor Antonio Carlos Magalhães (ACM) Neto (DEM), who has governed the capital of Bahia for eight years, achieved the best performance appraisal among the 12 capitals surveyed by IBOPE. He received an 85% approval rating and only a 12% disapproval rating. For 73% of voters, the Democrat’s management can be considered good or great. Only 6% of voters consider the management to be bad or terrible.

Another who also boasts good approval ratings is the mayor of Belo Horizonte, Alexandre Kalil (PSD). He seeks re-election and boasts 76% approval in the capital of Minas Gerais, with 65% of voters considering his management as good or excellent. Kalil has only 22% disapproval among voters; 13% of them consider the management to be bad or very bad.

The mayor of Florianópolis, Gean Loureiro (DEM), who is seeking re-election, also has good rates among voters. He has the approval of 72% of voters, against 22% of disapproval. Management is considered good or excellent by 58% of voters heard by IBOPE. Another 9% consider the management to be bad or very bad and 32% consider it to be regular.

The mayor of Goiânia, Iris Rezende (MDB), also has an approval rate higher than 60%. In the capital of Goiás, 69% of voters approve the management of the PMDB party member, against 26% who disapprove it. More than half of respondents (53%) rated management as good or excellent. Another 12% consider the Rezende government to be bad or very bad.

In Curitiba, Rafael Greca (DEM), who is seeking re-election, has 68% of voter approval and a disapproval rating of 29%. More than half of Curitibanos (54%) consider the mayor’s management to be good or excellent. Another 29% consider it regular and 16%, bad or very bad.

In Natal, the approval rating of Mayor Álvaro Dias (PSDB), also a candidate for re-election, is 63%. Another 31% of voters disapprove of the PSDBista’s management. There is a technical tie between voters who classify management as good or excellent and those who classify it as regular: 42% in both cases. Another 14% consider management to be bad or very bad.

The mayors of João Pessoa, Luciano Cartaxo (PV), and Palmas, Cinthia Ribeiro (PSDB), have approval ratings above 50% – 56% and 53% respectively. “

Copyright © 2020, Gazeta do Povo. All rights reserved.

 

By Kelli Kadanus via Gazeta do Povo

 

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Jordan, Libya purchased more poultry from Brazil

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São Paulo – Poultry exports from Brazil were up 1.3% in shipped volume year-to-date through September from a year ago, the Brazilian Animal Protein Association (ABPA) reported. Sales to Arab countries such as Jordan and Libya increased.

Year-to-date through September, 3.17 million tonnes of poultry products got exported from Brazil. Export revenue was down 12.1% to USD 4.6 billion. In September, shipped volume was down 2.3% to 345,000 tonnes, while revenue was down 18.4% to USD 479 million.

 

Via Brazil-Arab News Agency

 

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Foreign-backed consortium in talks for Petrobras gas fields in Brazil, sources say

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RIO DE JANEIRO/SAO PAULO (Reuters) – A consortium of Brazil’s 3R Petroleum and Norway-linked DBO Energy is in bilateral talks with Brazil’s Petrobras to purchase a cluster of offshore natural gas fields, according to two sources with direct knowledge of the matter.

The Peroa cluster, located off the coast of Espirito Santo state, would be among the first all-gas offshore fields sold by Petrobras amid a larger push to break the company’s near-monopoly in Brazil’s natural gas value chain.

 

By Gram Slattery and Carolina Mandl via Reuters

 

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Beef exports from Brazil up in volume terms

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São Paulo – Beef exports from Brazil were up 2% in terms of shipped volume year-on-year in September, the Brazilian Meat Packers Association (Abrafrigo) reported this Wednesday (6) quoting federal government numbers. The month saw 166,300 tons of raw and processed beef shipped. Export revenues decreased by 2% to USD 668.7 million.

Year-to-date through September, beef exports climbed 10% to 1.4 million tons, while revenue went up 20% to USD 6.1 billion.

 

Via Brazil-Arab News Agency

 

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Brazil advances in digital competitiveness ranking

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Brazil’s capacity and readiness to adopt and explore digital technologies for economic and social transformation has seen some improvements, according to a study published this week by Swiss business school International Institute for Management Development (IMD). The country climbed six positions in this year’s World Digital Competitiveness Ranking (WDCR) in relation to 2019, ranking 51st in a list of 63 countries.

The IMD ranking scrutinizes the digital competitiveness of nations based on the intangible infrastructure necessary for the learning and discovery aspects of technology, as well as the level of preparedness of an economy to carry out its digital transformation. In addition, it quantifies the landscape of developing digital technologies.

 

By Angelica Mari via ZD Net

 

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Brazil GDP decline set for less than feared at 5.8%: IMF

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WASHINGTON: Brazil’s economy is set to shrink by 5.8 per cent in 2020, the International Monetary Fund said on Monday (Oct 5), revising up an earlier forecast but warning the country faced “excpetionally high” risks.

“The economy is projected to shrink by 5.8 per cent in 2020, followed by a partial recovery to 2.8 per cent in 2021,” the IMF said in its annual report on Latin America’s largest economy.

 

Via CNA

 

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China’s Didi and WhatsApp team up in Brazil to compete with Uber

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Brazilian ride-hailing service 99, controlled by China’s Didi Chuxing Technology Co Ltd, has partnered with WhatsApp to accept orders on the chat platform owned by Facebook in a move that would allow users to summon cars without using another app.

The partnership is the first of its kind in the world for Didi, China’s biggest ride-hailing company, the companies said, and could give 99 an advantage in competing with US-based Uber Technologies Inc, the market leader in Brazil.

 

Via Merco Press

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Wind energy generates 19,000 jobs in Brazil

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The wind power, the second source of electric power in Brazil, behind the hydroelectric, represents 19,000 jobs in Brazil, as compared to 34,000 in 2018. Even with the fall, Brazil remains among the 10 most used in the world. this segment, behind China, Germany, United States, India, United Kingdom, Denmark, Mexico, Spain and the Philippines. The report states that, before the start of the COVID-19 pandemic, the wind sector was expected to expand due to planned installations.

Around 80% of this market is located in the northeast, which has the best wind conditions. The report indicates that local containment requirements and subsidized services for project developers have strengthened the national supply chain for wind turbines. It is also of high impact in the production of towers and the most moderate effect in the manufacture of wind turbines. The national content in the Brazilian wind sector is currently estimated at 80%.

Via Reve

 

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Brazil runs record trade surplus

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Brasília – Imports slowed down faster than exports in September in Brazil, yielding a record-high trade surplus. Exports exceeded imports by USD 6.164 billion, the strongest result for the month since record-keeping began in 1989.

Both exports and imports decreased during the month. Average daily exports from Brazil were down 9.1% year-over-year to USD 18.459 billion. Average daily imports slid by 25.5% to USD 12,296 billion.

 

Via Brazil-Arab News Agency

 

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Brazil: Brazil’s Comprehensive Privacy Law Now In Effect

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Following lots of legislative uncertainty, Brazil has now formally enacted the country’s first general data protection law, Lei Geral de Proteção de Dados, or “LGPD.” While administrative sanctions do not go into effect until August 1, 2021, individuals and public prosecutors can now bring claims for losses and damages. Indeed, at least one public civil action has already been filed. LGPD is the first comprehensive general data protection law in Latin America. It was modeled after the EU’s GDPR. While there are many similarities, LGPD does introduce new concepts. Below are some of the key elements to keep in mind.

 

By Julia K. Kadish and Liisa Thomas via Mondaq

 

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Brazil’s Sao Paulo signs agreement with Sinovac for COVID vaccine doses

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SAO PAULO (Reuters) – The government of Brazil’s Sao Paulo state signed a $90 million contract on Wednesday to receive 46 million doses of a potential vaccine from China’s Sinovac Biotech Ltd.

Sao Paulo, Brazil’s most populous state, is one of the sites of Phase III clinical trials for the Sinovac vaccine conducted by the state’s Butantan Institute, a leading biomedical research center.

 

By Eduardo Simões via Swissinfo.ch

 

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Solar under net metering reaches 3.6 GW in Brazil

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The Brazilian solar association ABSolar has carried out a study on grid-connected photovoltaic distributed generation, which in Brazil includes all PV systems not exceeding 5 MW in size installed under the net metering regime. In total, there is more than 3.6 GW of installed power of distributed generation from photovoltaic solar sources throughout the country, representing more than 18.2 billion reais (€2.81 billion) in accumulated investments since 2012 and more than 108,000 jobs.

According to the association, in the number of systems installed, residential consumers are in the lead, representing 72.5% of the total. That figure is followed by companies in the commerce and services sectors (17.7%), rural consumers (6.8%), industries (2.6%), the public sector (0.4%), public services (0.03%) and public lighting (0.01%).

 

By Pilar Sánchez Molina via PV Magazine

 

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Brazil’s LGPD Takes Effect – With Early Enforcement

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Brazil represents over half of all IT spend in Latin America, has the largest regional market for software outsourcing, employs a sizable IT workforce, manufactures consumer goods (including commercial airplanes and cars) and has an active consumer market of social media operated by global data aggregators. At a time when data privacy is becoming increasingly important to consumers, it seems only fitting that Brazil would adopt comprehensive privacy legislation to protect data privacy rights.

The General Data Protection Law, the first law of its kind in Brazil, is now in effect, and we are already seeing enforcement. Streamlining the legal framework on data protection, the law sets forth a number of requirements addressing legal bases for processing, individual rights, governance and accountability and data transfers. Here’s what you need to know.

 

Laura E. Jehl and Matthew R. Cin via The National Law Review

 

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Statkraft to build 519-MW wind complex in Brazil

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September 29 (Renewables Now) – Norwegian state-owned energy company Statkraft AS will invest roughly BRL 2.5 billion (USD 444.6m/EUR 381m) in the development of a 519-MW wind complex in Brazil.

Named Ventos de Santa Eugenia, the asset is expected to break ground in January 2021 and have its first turbines generating power in 2022. Full completion is set for 2023, boosting Statkraft’s capacity in the country to 967 MW.

 

By Lucas Morais via Renewables Now

 

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USTDA Supports Broadband Network Expansion in Brazil

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São Luís, Brazil – The U.S. Trade and Development Agency has awarded a grant to the Brazilian telecommunications company Equatorial Telecomunicações S.A.to facilitate the development of a broadband network backbone in the country’s northeast region. The project is specially designed to enhance connectivity and extend government services for more than three million people in Brazil.

“In today’s connected world – and particularly during the COVID-19 era – reliable internet and reliable access to digital services are more important than ever,” said Todd Abrajano, USTDA Chief Operating Officer and Head of Agency. “USTDA’s support for this project will connect millions more Brazilian citizens and businesses to broadband infrastructure and deepen Equatorial’s understanding and familiarity with innovative ICT solutions from U.S. industry.”

 

Via USTDA

 

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Brazil to join COVAX vaccine facility, as Chile, Israel, UAE also sign up

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BRASILIA (Reuters) – Brazil, which has the world’s second-highest coronavirus death toll, has decided to join the global COVID-19 vaccine partnership known as COVAX and will earmark 2.5 billion reais ($454 million) for securing vaccines through it, President Jair Bolsonaro’s office said.

Brazil plans to use the COVAX facility, which gives access to several vaccine candidates in development globally, to buy enough supplies to immunize 10% of its population by the end of 2021, the office said in a statement on Thursday. That should cover Brazil’s “priority populations,” it said.

 

Via Reuters

 

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Wheat harvested in Brazil’s semiarid for first time ever

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São Paulo – Wheat has been harvested in Ceará, a dry state with scant water resources in Northeast Brazil, for the first time in history. The farming project was developed by the Brazilian Agricultural Research Corporation (Embrapa) in partnership with milling company Santa Lúcia. The first stage took place in a semiarid area, with a fast planting-to-harvest cycle and high yields.

Although the actual planting only started recently, the tropical cultivars (pictured above) that enabled the project started being developed 15 years ago. These varieties do not require much water, so they are well-suited to Ceará as well as the Arab countries across the Middle East and North Africa. “We have the genetic material for four varieties of tropical wheat. We picked the two that performed best, which were BRS404 and BR264,” Osvaldo Vieira, head of Embrapa’s wheat division Embrapa Trigo, told ANBA over the phone.

 

By Thaís Sousa via Brazil-Arab News Agency

 

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Pandemic accelerates wearables market in Brazil

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The wearables market in Brazil has seen an acceleration during the second quarter of 2020, according to new numbers from market analyst firm IDC.

Sales of devices grew by 21.1% between April and June in Brazil compared to the second quarter of 2019. During the period, 208,350 fitbands and smartwatches were sold, according to the report.

 

By Angelica Mari via ZD Net

 

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30ª Conferência Anprotec de Empreendedorismo e Ambientes de Inovação

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Entre os dias 23 e 25 de novembro próximo, ocorrerá a 30ª Conferência Anprotec de Empreendedorismo e Ambientes de Inovação, em formato online. O evento da Associação Nacional de Entidades Promotoras de Empreendimentos Inovadores (Anprotec) terá como tema central este ano “Ambientes de Inovação 4.0 – Desafios e Oportunidades na Nova Dinâmica Global”.

 

A Anprotec lançou uma Chamada de Trabalhos, escritos por até cinco autores brasileiros ou estrangeiros, a serem submetidos em duas categorias:

 

(a) artigos inéditos, com até 4.000 palavras, em português ou inglês, e com resumo em português e inglês;

(b) relatos de boas práticas em empresas e ambientes de inovação, em português com, no máximo, 1.500 palavras e resumo estruturado em português e inglês, que deverão narrar experiências e soluções criativas adotadas para a resolução de problemas e seus respectivos resultados.

Os artigos e relatos deverão estar vinculados a, pelo menos, um dos seguintes temas:

 

– Capital Humano: papel e desafios nos Ambientes de Inovação 4.0;

– Inovação Aberta: ecossistema de inovação como instrumentos de transformação das indústrias tradicionais;

– Tecnologia: o papel dos ambientes de inovação para a geração de tecnologia na nova dinâmica global;

– Cidades: ecossistemas de inovação como alavancas para o desenvolvimento urbano sustentável; S;

– Financiamento: novos modelos de sustentabilidade para os ambientes de inovação.

 

Os autores que obtiverem as maiores notas receberão as seguintes premiações:

– Melhor artigo completo: certificado para todos os autores e crédito de R$ 2.000,00 (dois mil reais) em cursos e eventos promovidos pela Anprotec;

– Melhor boa prática em empresa e ambiente de inovação: certificado e crédito de R$ 1.500,00 (um mil e quinhentos reais) em cursos e eventos promovidos pela Anprotec.

 

As inscrições poderão ser realizadas até o dia 28 de setembro na página eletrônica https://easychair.org/account/signin?l=5qxiJBnnkfkhWRUut0eEtc#
Mais informações sobre a Chamada estão disponíveis no edital em https://anprotec.org.br/site/wp-content/uploads/2020/08/Chamada-de-Trabalhos_ConferenciaAnprotec2020.pdf

Brazil’s Sao Paulo likely to start COVID-19 immunization in December

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SAO PAULO (Reuters) – The governor of Brazil’s São Paulo state, João Doria, said on Wednesday the state is likely to start to immunize its population with China’s Sinovac vaccine for COVID-19 in mid-December, pending regulatory approval.

Brazil has the third-highest number of cases of coronavirus in the world, leading vaccine makers to seek out South America’s largest country to test their candidates.

 

By Eduardo Simões via Yahoo News

 

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Brazil cuts imports duties to zero on more COVID items

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São Paulo – More 12 products related to the fight against the coronavirus were included in the list of goods with temporary import tax exemption in Brazil. Last week, in addition to increasing the number of exempted products, the government extended the exemption for products included in the previous list. The resolution was in force until September 30 and was extended until October 30. COVID-19 vaccines were included in the list.

The 12 products that were added were hemostatic agent in gel composed of gelatin and thrombin, COVID-19 vaccines, parenteral feeding emulsion, multivitamins, glico-physiologic solutions, electrolyte solution with pH 7.4, four types of solution in PVC bags, and surgical hemostatic made with resorbable collagen.

 

By Guilherme Miranda via Brazil-Arab News Agency

 

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EBANX and PayPal expand digital wallet potential in Brazil

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Payment solutions company EBANX has integrated with PayPal in a bid to maximise the potential of digital wallets in Brazil.

The partnership will mean that EBANX reaches a customer market of over 50 million people, furthering its overall mission of opening up Latin America to global businesses and vice versa.

Founded in 2012, the company is an ardent believer in the power of democratised finance to drive culture, education and entertainment. Already connected with other leading digital payment platforms – Apple Pay and Google Pay – this latest development broadens consumer choice significantly.

 

By William Girling via FinTech

 

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Brazil industrial confidence surges to highest in almost 8 years -survey

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BRASILIA, Sept 21 (Reuters) – Brazilian industrial confidence jumped in September to its highest in almost eight years, a survey showed on Monday, underscoring the sector’s strong rebound from the coronavirus lockdown and divergence from the services side of the economy.

The Fundacao Getulio Vargas’s national industrial confidence index for September rose to a seasonally adjusted 105.9 from 98.7 in August, according to preliminary figures, the index’s highest reading since January 2013.

 

By Jamie McGeever via Nasdaq

 

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Delta and LATAM receive approval in Brazil for joint venture agreement

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PRESS RELEASE: Brasilia, Brazil – September 18, 2020. Delta Air Lines and LATAM Airlines Group S.A. and its affiliates (‘LATAM’) received regulatory approval* yesterday for their trans-American Joint Venture Agreement (‘JVA’) from Brazil’s competition authority, the Administrative Council for Economic Defense (CADE).

The proposed JVA between Delta and LATAM, which was presented to the CADE on July 14, 2020, was approved without conditions, following an evaluation of free competition considerations and taking into account the unprecedented economic impact of COVID-19 on the airline industry. This is the first approval for the JVA between Delta and LATAM since it was signed in May 2020.

 

Via The LoadStar

 

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Brazil To See Extra LNG Imports, Growing Natural Gas Demand Over Next Decade

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Brazil is set to be the center of new liquefied natural gas (LNG) demand activity in Latin America at least over the next decade, according to experts who spoke at a webinar Tuesday organized by the Institute of the Americas.

“Gas remains the transition fuel in Brazil because it allows for the highest possible penetration of wind and solar,” said Roberto Ferreira da Cunha, the director of consultancy BRG Energy & Climate for South America. He added that Brazil has 10 new LNG import plants in different phases of study.

 

By Christopher Lenton via Natural Gas Intelligence

 

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Brazil contracts 8.5m litres in 75th biodiesel auction

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September 21 (Renewables Now) – Brazil’s Petroleum, Natural Gas and Biofuels Agency (ANP) announced on Friday that the country’s 75th complementary biodiesel auction contracted 8.5 million litres (2.3m gallons) in total.

The average price of BRL 5.723 per litre achieved in the tender resulted in a final contract value of around BRL 48.65 million (USD 9m/EUR 7.6m). In all, six producers offered some 9.5 million litres in the tender.

 

By Lucas Morais via Renewables Now

 

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Pompeo continues his South America tour with Brazil

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US State Secretary Mike Pompeo continues his Caribbean and South American tour on Friday with his visit to Brazil after completing final diplomatic meetings in Guyana.

After meeting with Guyana’s President Irfan Ali and his Cabinet on Thursday, Pompeo is scheduled to meet Foreign Minister Hugh Todd and Secretary-General of the Caribbean Community (CARICOM) Irwin LaRocque.

 

By Beyza Binnur Dönmez via aa.com.tr

 

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Viasat delivers satellite internet to 93% of Brazilians

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Viasat’s high-quality residential internet service has expanded to an additional 14 states in Brazil, delivering services to more than 93% of the country’s population.

Launched across seven states and the Federal district in July, Viasat expects that upon completion of the residential launch rollout by year-end, it will be the only satellite ISP capable of making high-speed internet available across the entire country.

 

By Melanie Mingas via Capacity Media

 

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Brazilian government aims to attract investments with digital transformation initiatives

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The Brazilian government is accelerating initiatives to catch up with the new demands presented by digital transformation and attract private sector investments to these projects, according to senior officials.

At industry event Painel Telebrasil yesterday (15), interim minister at the Ministry of Science, Technology and Innovation (MCTI), Julio Semeghini, mentioned a number of projects aimed at “making the digital transformation reach the greatest number of Brazilians” and, at the same time, create commercial opportunities for sector players.

 

By Angelica Mari via ZD Net

 

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Q&A: using satellite navigation to revolutionise Brazil’s railway network with Inmarsat

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In the next few years, satellite navigation systems are set to become the norm in the world of railways. The EU, for example, is developing projects such as STARS, which aims to bridge the gap between the European Rail Traffic Management System and the European Global Navigation Satellite System through the use of satellite navigation.

In August, the Italian Railway Network installed a satellite-based management system on a regional line, making history in the EU.

 

By Ilaria Grasso Macola via Railway Technology

 

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Brazil Tariff Rate Quota for Ethanol Extended for 90 Days

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Brazil’s tariff rate quota for ethanol has been extended for an additional 90 days, starting September 14. After expiring on August 31, a 20 percent tariff was temporarily applied to all U.S. ethanol. U.S. corn and ethanol groups expressed disappointment in the move, saying, “we would have preferred Brazil abandon its ethanol import tariffs entirely and resume its free trade posture on ethanol.”

 

Via American AG Radio Network

 

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Brazil may begin using Chinese Covid-19 vaccine in January

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The vaccination of Brazilians against the Covid-19 virus, using a vaccine developed by Sinovac Biotech Ltd of China, could begin in January, the Globo website reports, citing a health official in the southeastern Brazilian state of São Paulo, Jean Gorinchteyn.

The Brazilian news website quotes Mr Gorinchteyn as saying he hopes 46 million doses of the vaccine, called CoronaVac, will be available in December.

 

Via Macauhub

 

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Brazil confident it can meet China’s growing appetite for iron ore

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Brazilian officials say there is no room for fear when it comes to the country’s capacity to keep up with Chinese demand for iron ore. Iron ore prices hit six-and-a-half year highs last week as the Chinese construction and manufacturing sector experiences levels of activity last seen almost a decade ago.

In the past three months China’s iron ore imports have climbed 20% year on year, while year-to-date they are up 11% compared to 2019.

 

Via Merco Press

 

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Short-term capacity contracts to boost competition on Bolivia-Brazil Gasbol pipeline

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New York — Brazil’s largest natural gas import pipeline will soon offer short-term transportation contracts for firm and interruptible capacity as regulators look to expand third-party competition and market access.

Following a Sept. 9 regulatory approval for the move, short-term capacity on the 1.1 Bcf/d Bolivia-Brazil Gasbol pipeline could be made available as early as October, the National Petroleum Agency said in a press release.

 

By J. Robinson via S&P Global Platts

 

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Brazil exports 4,000 head of cattle to Lebanon

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São Paulo – This Thursday (10) at the Rio Grande Port 4,000 head of cattle will start being loaded for shipping to Lebanon, alongside 22,000 head of cattle bound for Turkey. The animals hail from Estância del Sur farm, in Capão do Leão, an area near Pelotas in Rio Grande do Sul. The calves are cross-bred from European breeds such as Angus and Brangus. They have been sourced from different farms across the state, are aged from seven to twelve months, weigh about 250 kg each, and are uncastrated.

It will take at least five days to get all the animals onto the ship. According to Leila Vettorello, the general manager for sales and operations with port operator Sagres – which is responsible for shipping the 6,000 animals to Lebanon and 14,500 of the animals bound for Turkey –, the reason for that is the availability of trucks and the time it takes for them to get to the port. The Panamanian ship MV Nada can accommodate all of the cattle at once. The journey is expected to take 28 days. Operator Vanzin is responsible for the remaining 7,500 head of cattle going to Turkey.

 

By Bruna Garcia Fonseca via ANBA

 

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Brazil trials of Sinovac COVID-19 vaccine show promising results: governor

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SAO PAULO (Reuters) – The governor of Brazil’s São Paulo state said on Wednesday that Phase 3 clinical trials of a potential COVID-19 vaccine developed by China’s Sinovac Biotech Ltd have shown promising results and it may be available to Brazilians as early as December.

Governor João Doria added that Phase 2 trials of the potential vaccine had shown an immune response of 98% in the elderly.

 

By Eduardo Simões via Reuters

 

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Brazil has the potential to step up exports to Morocco

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São Paulo – There is a world of products that could be exported from Brazil to the Moroccan market. Such was one of the conclusions drawn in the webinar “Morocco and Brazil: Agribusiness Connecting continents,” hosted by the Arab Brazilian Chamber of Commerce (ABCC) this Wednesday (9) and viewed by an audience of 880 people. The agricultural attaché at the Embassy of Brazil in Morocco, Nilson Guimarães (pictured above), made the argument during the online event hosted by ABCC president Rubens Hannun.

Guimarães said Brazil can supply more coffee and tropical fruit to Morocco, as well as genetic material for poultry and livestock and what he called Brazilian biodiversity products such as yerba mate, babaçu oil, Baru nut, Brazil nut and açaí.

 

By Bruna Garcia Fonseca via Brazil-Arab News Agency

 

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Brazil Says Central Bank Digital Currency Set For 2022 Rollout

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The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. And although it’s not a winner-take-all competition, central banks first out of the gate might prove instructive to those who follow — particularly when it comes to new use cases or the goal of democratizing banking and digital payments.

Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system.

 

Via Pymnts

 

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Egypt-Brazil sales up 74% with Mercosur agreement

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São Paulo – Exports from Egypt to Brazil climbed 73.9% ever since Egypt reached a free trade agreement with the Mercosur in September 2017. Exports from Brazil to Egypt, on the other hand, were up 21.1%, as per a survey from Brazil’s National Confederation of Industry (CNI).

The agreement had its third anniversary on September 1st, 2020. Over 2,000 items have been made tariff-free in Mercosur-Egypt trade. As of this month, tariffs will be lifted on 463 items from Egypt to Mercosur, and 719 items from the Mercosur to Egypt.

 

Via Brazil-Arab News Agency

 

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Interview: Brazil to augment cooperation with China in strategic sectors, says VP

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RIO DE JANEIRO, Sept. 7 (Xinhua) — Brazil will continue to expand the benefits of their economic complementarity with China, the country’s Vice President Hamilton Mourao has said, calling for more investment and cooperation in strategic sectors.

“For more than 10 years, China has been our largest trading partner and an important source of investment for Brazil, especially in the energy and infrastructure sectors. Brazil, in turn, is a stable and reliable supplier of safe food for China,” he said in a recent interview with Xinhua.

 

Via Xinhua Net

 

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Brazil could have CBDC in two years, says central bank president

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The president of Banco Central — Brazil’s central bank — has announced Brazilians could expect to see a central bank digital currency before 2023.

According to a Sept. 2 report from news outlet Correio Braziliense, Brazil could be ready for a central bank digital currency (CBDC) in 2022. Roberto Campos Neto, the president of Banco Central, stated that the country’s central bank had already undertaken measures to modernize the Brazilian financial system which has made a CBDC the natural outcome.

 

By Turner Wright via Cointelegraph

 

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Experimental deliveries with drones approved in Brazil

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Latin American drone delivery company, Speedbird Aero, announced it has received regulatory approval from Brazil’s National Civil Aviation Agency, also known as ANAC, to operate two experimental drone delivery routes in Brazil.

Speedbird Aero operates a proprietary delivery drone with an integrated ParaZero parachute recovery system, and is now the first company in Latin America to win regulatory approval for a drone delivery operation.

 

Via Merco Press

 

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Mensagem escrita pelo Cônsul Geral do Brasil em Nova York, Embaixador Enio Cordeiro

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MENSAGEM DE 7 DE SETEMBRO

Dirijo-me a todos os membros da comunidade brasileira residentes na jurisdição do Consulado-Geral em Nova York nesta ocasião em que celebramos os 198 anos da Independência do Brasil.

Quero iniciar com um profundo e respeitoso agradecimento a todos os funcionários do Consulado-Geral que me acompanharam nos últimos três anos, desde fevereiro de 2018, e cuja dedicação e profissionalismo sempre foram amplamente reconhecidos pela comunidade brasileira. O Consulado-Geral está a serviço de todos e esse é o orgulho de todos nós.

Agradeço também especialmente à Câmara de Comércio Brasil-Estados Unidos e a todos os seus integrantes os contínuos esforços que pudemos conjuntamente desenvolver e as inúmeras oportunidades que tive de participar em atividades da Câmara voltadas a disseminar informações sobre o ambiente político e econômico no Brasil, fortalecer as relações comerciais, financeiras e de investimentos entre os dois países, e acolher altas autoridades brasileiras em visita a Nova York.

Por último, um sincero e agradecido reconhecimento às entidades de cunho laico e religioso que congregam de maneira solidária e cooperativa os cerca de 450 mil brasileiros que residem na jurisdição consular (os estados de Nova York, Nova Jersey, Pennsylvania, e o território britânico ultramarino das Ilhas Bermudas), com as quais o Consulado sempre desenvolveu importantes parcerias na prestação de serviços consulares e no atendimento das demandas comunitárias.

Neste ano celebramos a Data Nacional num momento especialmente difícil e que encerra enormes desafios para todos os brasileiros.
Desejo expressar a solidariedade do Consulado-Geral a todas as famílias brasileiras dolorosamente afetadas pela pandemia, com a perda irreparável de vidas humanas. Quero também reiterar nossa mais sincera disposição de contribuir para aliviar, na medida possível, as dificuldades com que se têm enfrentado os brasileiros residentes na jurisdição.

O Consulado-Geral nunca fechou inteiramente suas portas, mesmo nos momentos mais críticos da pandemia em Nova York. Foi mantido atendimento emergencial e mediante plantões durante os meses de março, abril e maio, especialmente com a prestação de serviços de apoio e documentação de viagem aos brasileiros que regressaram ao nosso País. Nossa página eletrônica foi constantemente atualizada com informações úteis para a comunidade, especialmente no que se refere à disponibilidade de voos, e foram prestados serviços de assistência e de registro civil para habilitar a emissão de documentos.

Desde maio, os serviços presenciais foram sendo progressivamente restabelecidos, observando as etapas de segurança determinadas pelas autoridades locais.

O atendimento pelos correios foi mantido durante todo o período.

Atualmente as equipes consulares têm assegurado atendimento presencial em todas as áreas durante quatro dias por semana, e de forma integral por teletrabalho. Os serviços presenciais são realizados mediante agendamento e através de uma nova plataforma eletrônica (e-consular), ferramenta ágil e moderna que permite a solicitação de serviços, o envio e a conferência “online” de documentos. A página eletrônica do Consulado foi também reformulada, para facilitar o acesso pelos consulentes.

O setor cultural do Consulado lançou recentemente o projeto “Brazilian Culture from Home”, iniciativa de promoção cultural em plataformas digitais e que cobre várias vertentes.

A primeira vertente consiste na publicação de edições especiais de nossa newsletter mensal, que renomeamos “Brazil Arts & Culture from Home”. A segunda vertente é a série #BrightenYourDay, que publica semanalmente produções audiovisuais sobre cultura brasileira nas mídias sociais do Consulado. A terceira consiste em postagens semanais nas redes sociais do Consulado de eventos relevantes na programação cultural brasileira em Nova York, como o lançamento de duas novas traduções de “Memórias Póstumas de Bras Cubas”, obra prima do escritor Machado de Assis. Por último, o Consulado-Geral retomou nesta semana o projeto “Arte no Consulado”, que tem por objetivo divulgar o trabalho de fotógrafos e artistas plásticos brasileiros residentes em Nova York. Convidamos a todos a que sigam e prestigiem essas iniciativas.

Na área educacional, o Consulado-Geral acaba de contratar professora que atuará em programas extracurriculares de ensino na United Nations International School (UNIS) e também desenvolverá atividades de promoção da cultura brasileira e de apoio ao ensino do Português como língua de herança na comunidade brasileira.

O Setor de Promoção Comercial e do Agronegócio segue trabalhando em quatro áreas prioritárias: promoção das exportações brasileiras de bens e serviços; captação de investimentos para projetos de infraestrutura no Brasil, sobretudo a carteira de projetos do Programa de Parcerias de Investimentos; promoção do turismo ao Brasil; e apoio e valorização do empreendedorismo na comunidade brasileira. O setor tem promovido e participado de eventos virtuais em coordenação com entidades e associações brasileiras, como a Câmara de Comércio, Secretaria do Programa de Parceria de Investimentos, APEX-Brasil, Sindimóveis, e ABIMAPI, entre outros.

No dia em que celebramos nossa Independência, os brasileiros devem refletir sobre os desafios que o momento nos traz e sobre a enorme tarefa que recai sobre todos nós, mas também de maneira muito especial sobre nossas autoridades e representantes.

Queremos superar com segurança as dificuldades acrescidas pelos efeitos econômicos da pandemia, que aprofundaram o desemprego e as desigualdades sociais. Queremos um País em que em que a dignidade do ser humano se sobreponha a todas as diferenças. Um País que se transforme com solidariedade, com espírito cívico e responsabilidade política. Um País em que todos se sintam plenamente representados, em democracia e sem exclusões. Um País transparente e responsável, que logre retomar o caminho do crescimento inclusivo.

É com essa profissão de fé que os Embaixadores brasileiros em serviço em Nova York, no Consulado-Geral, na Missão junto às Nações Unidas e no Escritório Financeiro, e o Conselheiro Militar nas Nações Unidas, depositaremos na manhã do 7 de setembro oferenda floral em tributo a José Bonifácio de Andrada e Silva, estadista e Patriarca de nossa Independência.

Que tenhamos todos uma Feliz Data Nacional!

Brazil Has the Lowest Rate of Coronavirus Contagion since Late April

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Brazil is among the six South American countries that started this week with the transmission of coronavirus under control, according to calculations by Imperial College, a reference in epidemic monitoring.

The Brazilian transmission rate (Rt) estimated by the British epidemic monitoring center is the lowest since the end of April.

 

By Ana Estela de Sousa Pinto via Folha de S. Paulo

 

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First Gene Therapy Products Approved in Brazil

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Brazil has become the first among the Latin American countries to approve the marketing of gene therapy products. Specifically, the Brazilian Health Regulatory Agency (ANVISA) recently granted marketing authorization for Novartis’ gene therapy products Luxturna® and Zolgensma®. As published in the Brazilian Federal Register, Luxturna® received its marketing authorization on August 6th and a few days later, on August 17th, Zolgensma® received its marketing authorization. Prior to ANVISA’s final decision, both products had been approved by the Brazilian Technical Commission of Biosafety (CTNBio), which is responsible for evaluating biosafety of Genetically Modified Organisms (GMOs) in Brazil.

 

By Lisa L. Mueller via Lexology

 

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Brazil Announces Equal Pay For Women’s And Men’s National Teams

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Following Brazil’s exit from the 2019 FIFA Women’s World Cup, Brazilian forward and legend Marta Vieira da Silva delivered a passionate message to the next generation.

“This is what I ask of all Brazilian girls,” she said. “The future of women’s football is depending on you to survive. It’s wanting it more. It’s taking care of yourself more. It’s training more. It’s being ready to play 90 minutes and able to play 30 minutes more.”

 

By Alana Glass via Forbes

 

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FROM SOY TO COFFEE, BRAZIL AG COMMODITIES RISE TO RECORD PRICES

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The price of Brazilian agricultural commodities such as soybeans, corn, coffee and rice has reached record levels as strong demand and a weak currency drove prices higher in local currency, according to data from Cepea, a research center linked to the São Paulo University. Brazil’s soybean quotes are up by more than 50% in nominal terms compared to the same period last year, as China continues to buy ever larger amounts of the oilseeds from Brazil, Cepea data showed.

 

By Roberto Samora via Successful Farming

 

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Brazil Has 12% Drop in Deaths by Covid-19 in August

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As the second country in the world most affected by the novel coronavirus pandemic, Brazil recorded a fall in total deaths in August compared to the previous month. There were 28,947 deaths from the disease in August against 32,912 in July, a decrease of 12%.

Worldwide, there were 180,649 deaths in August – 16% of this total in Brazil. According to the World Health Organization, 844,312 deaths have been registered since the beginning of the pandemic.

 

Via Folha de São Paulo

 

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Brazil seeks bigger sugar sales to US during ethanol quota talks

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The U.S. and Brazil have not yet reached a deal on U.S. demands to be able to sell the country more ethanol, but the Brazilian government is making clear what it is demanding in return, according to sources in both countries. Brazil wants more access to the lucrative and tightly guarded U.S. sugar market.

The Trump administration, prodded by U.S. lawmakers and lobbyists for America’s corn farmers and ethanol producers, is intent on convincing Brazil to drop its tariff on U.S. ethanol. Meanwhile, Brazil’s Bolsonaro administration is under pressure from the country’s sugar sector to protect farmers’ interests.

 

By Bill Tomson via Agri Pulse

 

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Brazil switches on 5.6-MWp DG solar system in Goias

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September 1 (Renewables Now) – The Brazilian government inaugurated over the weekend a 5.6-MWp solar power system consisting of 26 distributed generation (DG) arrays spread across Goias state.

Located in the municipality of Caldas Novas, the system should be capable of meeting the power demand of 4,265 families. It is owned by domestic hotelier group Grupo diRoma, the Ministry of Mines and Energy said on Sunday.

 

By Lucas Morais via Renewables Now

 

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Brazil reaches towards cybersecurity maturity

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After years of high-profile cyber-attacks, Brazil has received a glowing report for its cyber security maturity.

The Organization of American States (OAS) and the University of Oxford’s cyber security centre consulted with Brazilian government agencies and national Cybersecurity Incident Response Teams to evaluate the nation’s preparedness.

 

Via Anti Corruption Digest

 

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