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Tag: Brazil

Conferences

Fossil fuel disagreements stall COP30 talks in Brazil

Negotiations at COP30 climate talks in Brazil ran into overtime on Saturday with no agreement struck and delegates still locked in a bitter fight over whether to mention fossil fuels in the final text. The conference in the Amazonian city of Belem was supposed to wrap up on Friday evening at 6:00 pm (2100 GMT) […]

Conferences

Six nations clash over gender definition at COP30 in Brazil

A dispute over the definition of gender is threatening to complicate the outcome of the COP30 climate talks currently taking place in Brazil. This follows an action by six governments to append their own interpretations as footnotes to a crucial negotiating text. The governments involved in this effort are Paraguay, Argentina, Iran, Indonesia, Malaysia, and […]

Global oil supply hits record high in August - IEA
Oil and Gas

Global oil supply hits record high in August – IEA

Global oil supply climbed to a record high in August as OPEC+ and other producers boosted output, with the prospect of a surplus keeping prices subdued, the International Energy Agency (IEA) reported on Thursday. Eight core members of the OPEC+ alliance, including Saudi Arabia and Russia, have been steadily raising production since April after years […]

New tax law empowers Nigeria Revenue Service to secure loans
Economy

Tinubu pledges to replicate Brazil aviation deal with Colombia

President Bola Tinubu on Monday assured the Vice President of Colombia, Francia Márquez, that Nigeria will replicate the bilateral agreements recently signed with Brazil on aviation and consular matters with Colombia. President Tinubu reaffirmed Nigeria’s dedication to deepening international partnerships and aligning its foreign relations with evolving global trends in trade, politics, and culture amid […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
Economy featured

CBN, Brazil central bank hold talks to boost economic cooperation

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has engaged in high-level talks with his Brazilian counterpart, Gabriel Muricca Galípolo, to strengthen economic and financial cooperation between the two countries. The discussions took place during President Bola Tinubu’s state visit to Brazil and formed part of a broader working visit by the Central Bank […]

Brazil acknowledges US trade deal may fail
News

Brazil acknowledges US trade deal may fail

Brazil’s Finance Minister Fernando Haddad said Monday that negotiations with the United States over looming trade tariffs remain ongoing, but acknowledged that a deal may not be reached before the August 1 deadline, when sweeping United States duties are set to take effect. “That could happen,” Haddad told radio station CBN, referring to the possibility […]

X poised for first ad revenue growth since Musk takeover
News

X resumes service in Brazil following supreme court ruling

Social media platform X, formerly known as Twitter, became accessible to some Brazilian users on Wednesday, just a day after the country’s Supreme Court approved its return to service, affirming compliance with prior court rulings. Brazil’s telecommunications regulator, Anatel, announced that it has begun instructing internet providers to restore access to X. By Wednesday, some […]

Brazil lifts ban on Starlink, X accounts after fine payment
News

Brazil lifts ban on Starlink, X accounts after fine payment

Brazil’s Supreme Court Justice Alexandre de Moraes has lifted the freezes previously imposed on the bank accounts of Starlink and X after ordering the transfer of 18.35 million reais ($3.3 million) from the accounts to the national treasury. The decision came after the full amount of fines owed by X was transferred, according to a […]

Banks offload final $1.2bn debt From Musk’s Twitter buyout
News

Brazilians divided over suspension of X

A recent poll reveals that Brazilians are sharply divided over the Supreme Court’s decision to suspend social media platform X in the country. The survey, conducted by AtlasIntel from September 3-4, shows that opinions on the matter are mixed. According to the poll, 50.9% of respondents opposed Justice Alexandre de Moraes’ decision to halt the […]

News

Starlink ‘complying’ with order to block X in Brazil

Elon Musk’s satellite broadband company, Starlink, announced on Tuesday that it is complying with an order from Brazil’s top court to block access to the social media platform X (formerly Twitter). The order was issued by Supreme Court Judge Alexandre de Moraes. In a post on X, Starlink confirmed that it has initiated legal proceedings […]

X poised for first ad revenue growth since Musk takeover
News

Brazil threatens to suspend Elon Musk’s X

Brazilian Supreme Court Justice Alexandre de Moraes on Wednesday issued a ruling requiring billionaire Elon Musk to appoint a legal representative for his messaging platform X in Brazil within 24 hours. Failure to comply could result in the suspension of X’s operations in the country, according to the court’s decision. Earlier this month, X announced […]

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