Page 2 - Brazil

India joins Brazil-led forest fund as observer, calls for stronger ambition

India on Friday said global climate ambition remains inadequate even a decade after the Paris Agreement, as it joined Brazil's new global fund for tropical forests as an observer and called for developed nations to accelerate emission cuts and deliver promised climate finance. Delivering India's statement at the Leaders' Summit of COP30 in Belem, Brazil, Indian Ambassador to Brazil Dinesh Bhatia reaffirmed the country's commitment to multilateralism and the Paris Agreement, which marks its 10th anniversary this year. "India welcomes and supports Brazil's initiative in establishing the Tropical Forests Forever Facility (TFFF), representing a significant step towards collective and sustained global action for the preservation of tropical forests. India is pleased to join the Facility as an observer," Bhatia said. Launched on Thursday, TFFF is a Brazil-led global fund to reward tropical countries for protecting and expanding forests. It aims to mobilise around USD 125 billion through .

UN climate summit kicks off in Brazil's with hopes for action, US absent

World leaders descending on the United Nations annual climate summit in Brazil this week will not need to see much more than the view from their airplane window to sense the unfathomable stakes. Surrounding the coastal city of Belem is an emerald green carpet festooned with winding rivers. But the view also reveals barren plains: some 17 per cent of the Amazon's forest cover has vanished in the past 50 years, swallowed up for farmland, logging and mining. Often called the lungs of the world for its capacity to absorb vast quantities of carbon dioxide, a greenhouse gas that warms the planet, the biodiverse Amazon rainforest has been increasingly choked by wildfires and cleared by cattle ranching. It is here on the edge of the world's largest tropical rainforest that Brazil's President Luiz Incio Lula da Silva hopes to convince world powers to mobilise enough funds to halt the ongoing destruction of climate-stabilizing tropical rainforests in danger around the world and make progress

Brazil sees unrest after police raids kill over 130: What's happening?

The raids, which targeted a drug gang embedded in low-income neighbourhoods, are one of the deadliest in the history of Rio de Janeiro

Protests erupt in Brazil after police raid leaves at least 119 dead

A massive police raid on a drug gang embedded in low-income neighbourhoods of Rio de Janeiro that left at least 119 people dead drew protests for excessive force on Wednesday and calls for the Rio's governor to resign. Dozens of favelas residents gathered in front of the state's government headquarters shouting assassins! and waving Brazilian flags stained with red paint, a day after Rio's deadliest raid and hours after families and residents laid dozens of dead bodies on a street in one of the targeted communities to show the magnitude of the operation. Questions quickly arose about the death count and the state of the bodies, with reports of disfigurement and knife wounds. Brazil's Supreme Court, prosecutors and lawmakers asked Castro to provide detailed information about the operation. This was a massacre, said Barbara Barbosa, a domestic worker from the Penha complex of favelas, one of the two huge communities targeted in the police operation. She said her son was killed in a ..

64 killed, including 4 police officers, in Rio de Janeiro anti-gang raid

At least 81 people were arrested, and security officials said the number of casualties could rise as the operation continues

Brazilian President Lula sees 'definitive solution' with US coming in days

Lula spoke a day after he and Trump held a meeting on the sidelines of the summit, and hours after negotiators from Brazil and the US held a follow-up meeting to chart a path forward on trade

Brazil, US to begin immediate talks to resolve tariff and trade issues

Ahead of the meeting on Sunday though, Trump said he could reach some agreements with Lula

Trump expects 'pretty good' trade deals with Brazil in meeting with Lula

The meeting is part of a push by the Brazilian government to resolve the monthslong trade spat after Trump

Netflix blames tax dispute in Brazil for rare quarterly earnings letdown

Netflix missed the earnings target set by stock market analysts during the video streamer's latest quarter, a letdown that the company blamed on a tax dispute in Brazil. The results announced Tuesday broke Netflix's six-quarter streak of posting a profit that eclipsed analysts' projections. The Los Gatos, California, cited an unexpected USD 619 million expense tied to the Brazilian tax dispute for the earnings shortfall while hailing its lineup of distinctive TV series and films for keeping its audience engaged and delivering a mix of subscriber fees and increased ad sales that helped it deliver revenue that matched analyst forecasts. Investors, though, were not placated by the explanation as Netflix's shares still fell by about 5 per cent in extended trading after the numbers came out. Analysts varied in their interpretation of the third-quarter report. Investing.com analyst Thomas Monteiro worries Netflix is using the Brazilian tax hit as a way to mask signs of a slowdown in ...

India, Brazil look to broaden PTA, eye $20 bn bilateral trade by 2030

India and Brazil plan to broaden their preferential trade agreement under the Mercosur framework, eyeing $20 billion in bilateral trade by 2030 and new digital cooperation

India proposes supplying Akash missile system to Brazil during talks

India is learnt to have pitched for supply of Akash missile system to Brazil as Defence Minister Rajnath Singh on Wednesday held wide ranging talks with Brazilian Vice President Geraldo Alckmin here. During the meeting, the two leaders "identified priority areas" for joint work, including exploring opportunities for co-development and co-production of defence equipment. Defence Minister of Brazil, Jos Mcio Monteiro Filho, was also present during the meeting, the defence ministry said in a statement. It is learnt that in the meeting, India has pitched for supply of Akash missile system to Brazil, people familiar with the matter said. India and Brazil share a strategic partnership. "The leaders reaffirmed their shared commitment to advance defence cooperation, focusing on military-to-military exchanges, including joint exercises and training visits," the statement said. They reviewed the progress of ongoing defence-related initiatives and "identified priority areas for joint work,

Modi government's packed diplomatic calendar signals intensified outreach

New Delhi hosts a flurry of high-level visits from Sri Lanka, Brazil, and others as India prepares for Putin, Albanese, and Macron's trips amid global trade and security shifts.

Alckmin meets Rajnath, to hold trade meeting with Piyush Goyal on Oct 16

He is also scheduled to meet External Affairs Minister S Jaishankar and Oil Minister Hardeep Puri. Alckmin is set to attend the India- Brazil Business Forum, the Ministry of External Affairs said

Trump's trade war unites India and Brazil in a hunt for new markets

Government officials and business executives from Brazil and India are converging this week in New Delhi, seeking to forge new relationships and triple the countries' $12 billion trade partnership

Trump holds call with Brazil's President, says both nations 'will do great'

Trump recounted his meeting with Silva at the United Nations General Assembly, saying that he was a good man

India, Brazil discuss trade, critical minerals ahead of Lula's visit

Ajit Doval and Celso Amorim co-chaired the 6th India-Brazil Strategic Dialogue, reviewing ties in defence, energy and critical minerals as Lula prepares to visit India

Rahul Gandhi begins South America visit; set to meet leaders, students

Leader of Opposition in Lok Sabha, Rahul Gandhi, has embarked on a visit to four South American countries, where he is expected to interact with political leaders, students, and businessmen. Congress' media and publicity department, in charge, Pawan Khera, informed this without disclosing how many days Gandhi will be out of the country. "Leader of the Opposition in Lok Sabha, Shri Rahul Gandhi, has embarked on a visit to South America. He is scheduled to engage with political leaders, university students, and members of the business community across four countries," Khera said in his post on X. According to the Congress, Gandhi will visit Brazil and Colombia, where he is expected to interact with university students. He will hold meetings with presidents and senior leaders across multiple countries, strengthening democratic and strategic ties, the party said. Gandhi will engage with business leaders to explore opportunities as India seeks to diversify trade and partnerships in the

US sanctions wife of Brazilian judge over Bolsonaro case, revokes visas

The US government has sanctioned the wife of the Brazilian Supreme Court justice who led the investigation into former President Jair Bolsonaro, who was sentenced this month to 27 years in prison for attempting a coup in the South American nation. The Trump administration also revoked the US visa of another Brazilian official, Solicitor-General Jorge Messias, who criticized the decision on his social media channels. The wife of Justice Alexandre de Moraes, Viviane Barci de Moraes, was sanctioned under the Global Magnitsky Act used by the United States against human rights abusers. Her husband was targeted by the same measure as he oversaw the case against Bolsonaro. This is the latest chapter in a unilateral wave of attacks from the Trump administration against Brazil, which includes sanctions against other authorities and tariffs of 50% on many of the country's exports to the U.S. Local media also reported that other judges who worked with de Moraes at the Supreme Court had also l

India, Brazil launch joint agritech programme to boost farm innovation

India and Brazil seek to strengthen their partnership in the agriculture sector with the launch of a programme that aims to promote technological innovation and exchanges of best practices. According to an official statement on Monday, Indian Council of Agricultural Research (ICAR) has launched a second edition of the BrazilIndia Cross-Incubation Programme in Agritech (Maitri 2.0) here. The event was graced by M L Jat, Secretary (DARE) and Director General (ICAR), and Kenneth Nobrega, Ambassador of Brazil to India, along with senior officials and representatives from leading Brazilian research and innovation institutions. The ICAR DG noted that the programme is a two-way learning platform for co-creation between Indian and Brazilian innovators. "Bringing together innovators, startups, and institutions from both countries, the programme will help build resilient food systems and empower farmers. Maitri 2.0 aims to strengthen incubator linkages, exchange best practices, promote ...

India, Brazil lead real-time A2A payments with UPI and Pix adoption

A BCG report says A2A payments exceed 50 per cent of all transactions in India and Brazil, powered by UPI and Pix, with AI agents set to further transform digital commerce