Page 22 - Brazil

Neymar to leave PSG! Could choose between Al Hilal and Barcelona: Reports

Neymar, who was omitted from the first squad training before the Ligue 1 opener of PSG against Lorient, has not returned to training unlike Kylian Mbappe

Bolsonaro got money from $70,000 sale of jewellery gifts, police alleges

Brazil's federal police on Friday alleged former President Jair Bolsonaro received cash from the nearly $70,000 sale of two luxury watches he received as gifts from Saudi Arabia while in office, posing another potential blow for the embattled far-right leader. Earlier in the day, officers raided the homes and offices of several people purportedly involved in the case, including a four-star army general. Bolsonaro has denied any wrongdoing involving the gifts. A Federal Police officer said the force is seeking authorisation to access the personal banking and financial information of Bolsonaro. The officer, who spoke on condition of anonymity to discuss the investigation, said the Federal Police had asked for help from the FBI. Bolsonaro's lawyers said in a statement that he would authorise Brazil's judiciary to have access to his banking records. President Bolsonaro has never embezzled or misplaced any public assets, it said. The case adds to the legal jeopardy facing Bolsonaro for

Brazil's Lula unveils $200 bn infra plan as sceptics warn on spending spree

Brazilian President Luiz Incio Lula da Silva on Friday unveiled a plan to spend 1 trillion reais (nearly $200 billion) on infrastructure, energy and transportation over the next four years, part of a larger effort to boost economic growth and employment in Latin America's largest nation. The Growth Acceleration Program, known under its Portuguese acronym PAC, has been met with scepticism from analysts and investors, who say previous, similarly ambitious programmes have included projects that never saw the light of day and opened the door to vast corruption schemes. Funding included in this year's PAC is expected to go towards infrastructure projects including new highways and ports as well as energy efficiency and urbanisation programmes in slums. More than a public investment portfolio, the new PAC is a collective compromise (...) born out of many conversations with governors and mayors," Lula said at an event in Rio de Janeiro attended by government ministers, state governors and

Bajaj Auto to set up first overseas manufacturing plant in Brazil

According to Executive Director Rakesh Sharma, the proposed plant is likely to come up in Manaus Special Economic Zone in northern Brazil and commence production in the next 12 months

India, Brazil push back against China's bid to rapidly expand BRICS

Dozens of other nations are also clamoring to join the alliance, fueling western concerns the group is moving to become a counterweight to Washington and the European Union

Sterlite Power commissions Rs 1,600 cr transmission project in Brazil

Sterlite Power on Thursday announced commissioning of its sixth transmission project in Brazil built with an investment of Rs 1,600 crore. The project, Marituba involved developing a 344-km 500kV transmission corridor connecting Brazil's largest hydropower plant at Tucuru to the metropolitan region of Belm to deliver up to 1000 MW of green energy, a company statement said. Since its foray in Brazil in 2017, Sterlite Power has built a significant footprint in the country, acquiring 13 projects through greenfield global auction process. Currently, the company has a strong portfolio of 8 power transmission projects, of which it has developed six, spanning approximately 2000 kilometre of transmission lines and 22 substations. Located in the Amazon region, it is the largest power transmission project executed by Sterlite Power Brazil.

Australia, Brazil to grow pigeon peas for Indian market to meet demand

Officials said that the IPGA will promote pigeon pea farming in Queensland with the help of the Australian trade body Pulse Australia

Kalpataru Projects International arm completes 100% acquisition of Fasttel

Kalpataru Projects International arm Kalpataru Power Do Brasil Participaes Ltda. (KPBPL) has completed the acquisition of 100 per cent equity stake in Fasttel Engenharia S.A., Brazil. Earlier in 2021, the KPBPL had acquired a 51 per cent stake in Fasttel along with management control. "The KPBPL has on 10th July, 2023 acquired balance 49 per cent equity stake in Fasttel. Accordingly, Fasttel has now become WOS (wholly owned subsidiary) of KPBPL," a BSE filing stated. The company through KPBPL has acquired the balance 49 per cent, aggregating to 9,71,090 equity shares, at a consideration of BRL 9,710.90, it informed. Fasttel was incorporated on 8th February, 1988 in Curitiba city in the state of Parana in southern part of Brazil. It is an established EPC (engineering procurement construction) player with more than three decades of presence, having footprints in almost all Brazilian states. It has developed thousands of kilometers of transmission lines up to 750 kV and substations u

After Mexico, Brazil, India signs MoU on electoral cooperation with Panama

The Election Commission and the Electoral Tribunal (ET) of Panama on Friday signed a memorandum of understanding in Panama City to establish institutional framework for their ongoing cooperation in the field of election management and administration. With this, the Election Commission (EC) has expanded its electoral collaboration with more nations. Earlier, it had signed similar MoUs with Brazil, Chile and Mexico. A three-member EC delegation led by Chief Election Commissioner (CEC) Rajiv Kumar held interactions with Presiding Magistrate, Electoral Tribunal of Panama, Alfredo Junc Wendehake, on strengthening collaboration and knowledge exchange between the two election management bodies. Eduardo Valdes Escoffery, the first vice presidential magistrate, and Luis A Guerra Morales, the second vice presidential magistrate, of the ET of Panama were also present, the poll panel said. Speaking on the occasion, CEC Kumar said that the MoU reflects the EC's ongoing commitment to engage with

Want to see expansion of UNSC permanent seats to include India, Brazil: UK

The UK has called for the expansion of the UN Security Council's permanent seats to include India, Brazil, Germany and Japan as well as African representation, underlining that it is high time the powerful UN body entered the 2020s. Permanent Representative of the United Kingdom to the United Nations and President of the Security Council for the month of July Ambassador Barbara Woodward's comments came as she briefed UN correspondents on the programme of work of the Security Council for the month. On reform of the UN Security Council, we want to see the expansion of the Council's permanent seats to include India, Brazil, Germany and Japan and African representation. It's high time the Council entered the 2020s, Woodward told reporters here on Monday. Woodward referred to remarks by British Foreign Secretary James Cleverly last week in which he announced the UK's ambition to drive forward reform of the multilateral system. Woodward said the UK's presidency of the Security Council in

Neymar fined $3.33 million for constructing a lake in his mansion

Neymar's house, located in the town of Mangaratiba on the southern coast of the national capital, has a heliport, spa, and gym among other facilities

FIFA Women's World Cup: Entering sixth, Brazil's Marta says its her last

Going into her sixth World Cup, Brazil star Marta said that this will be her last. The 37-year-old Marta is widely considered one of the best players in the history of women's soccer but has yet to lift the World Cup trophy in five previous attempts. Yes, it will be my last World Cup," Marta told journalists in Brasilia on Monday, shortly before the squad boarded a plane to the tournament in Australia and New Zealand. We have to understand that a time comes for us to prioritize other things. Brazil coach Pia Sundhage said in an interview with The Associated Press last month that Marta, who has been the world player of the year six times, may not be in the starting lineup for Brazil right away while she continues to recover from a left knee injury. Marta played for a few minutes on Sunday, when Brazil beat Chile 4-0 in its last friendly before the trip. I can only be thankful to have lived all those years in the national team," added Marta, who is Brazil's all-time leading scorer w

G20 infra working group meet: Focus shifts to QII indicators on second day

The sessions were co-chaired by Brazil and Australia, with the World Bank also giving a presentation

India in bilateral talks with Brazil to resolve sugar dispute at WTO

India is in negotiations with Brazil to resolve a sugar dispute at the World Trade Organisation (WTO) and the commerce ministry is coordinating with concerned departments for the same, government sources said. India is also following a similar process for other complainants of the sugar dispute at the Geneva-based WTO, they said. In 2019, Brazil, Australia and Guatemala dragged India into the WTO's dispute settlement mechanism alleging that New Delhi's sugar subsidies to farmers are inconsistent with global trade rules. The Department of Commerce is coordinating with all the concerned line ministries to arrive at possible alternatives, one of the sources, who is aware of the development, said. The exercise assumes significance as a WTO dispute settlement panel on December 14, 2021, ruled that India's support measures for the sugar sector are inconsistent with the global trade norms. In January 2022, India appealed against the panel's ruling at the WTO's appellate body, which is th

Bharat Petroleum exercises RoFR to buy Videocon Oil's Brazil assets

Earlier, lenders had given conditional nod to sell 3 basins to Eneva, PetroRio

French Open: Haddad Maia first Brazilian woman to enter semis in Open Era

Beatriz Haddad Maia on Wednesday became the first Brazilian woman to reach the Roland Garros semifinals in the Open Era after upsetting No.7 seed Tunisian Ons Jabeur 3-6, 7-6(5), 6-1, here

FIFA U20 WC: Debutants Israel knockout Brazil by 3-2 to enter semifinal

Israel will now play the winner of the match between USA and Uruguay in the semifinals

UN regional group endorses Amazon city to host 2025 climate conference

Brazil's government announced Friday that a UN Latin America regional group has endorsed a Brazilian city in the Amazon region to host the 2025 UN climate change conference, though the world body has not yet publicly confirmed the venue. President Luiz Incio Lula da Silva initially said Brazil will hold the conference, known as COP 30, in the city of Belem, state of Para, in the heart of the Brazilian rainforest, reflecting his intention to bring attention to the Amazon. A statement from the Brazilian government later clarified that the region's support was merely a step in the selection process. The "support for the Brazilian candidacy demonstrates the region's confidence in Brazil's capacity to advance the agenda in the fight against climate change," the statement read. The latest UN climate conference was hosted by Egypt in Sharm el-Sheikh, and this year's will take place in Dubai. The UN has not yet announced the 2024 venue, let alone the 2025 one, but the locations tend to rot

Brazil builds 'rings of CO2' to simulate climate change in the Amazon

In the depths of the Amazon, Brazil is building an otherworldly structure a complex of towers arrayed in six rings, poised to spray mists of carbon dioxide into the rainforest. But the reason is utterly terrestrial: to understand how the world's largest tropical forest responds to climate change. Dubbed AmazonFACE, the project will probe the forest's remarkable ability to sequester carbon dioxide an essential piece in the puzzle of world climate change. This will help scientists understand whether the region has a tipping point that could throw it into a state of irreversible decline. Such a feared event, also known as the Amazon forest dieback, would transform the world's most biodiverse forest into a drier savannah-like landscape. FACE stands for Free Air CO2 Enrichment. This technology first developed by Brookhaven National Laboratory, located near New York City, has the ability to modify the surrounding environment of growing plants in a way that replicates future levels of ...

Brazilian ecologists try new approach against deforestation in the Amazon

In a remote corner of the Amazon, Brazilian ecologists are trying to succeed where a lack of governance has proved disastrous. They're managing a stretch of land in a way that welcomes both local people and scientists to engage in preserving the world's largest tropical forest. The goal is ambitious, counter the forces that have destroyed 10 per cent of the forest in less than four decades and create something that can be replicated in other parts of the Amazon. It began with a four-month expedition along the Juru River in 2016. Researchers visited some 100 communities that at first sight looked similar: rows of wooden homes on stilts along the water. But they were struck by contrasts in the living conditions. To understand what they saw, it's important to know that 29 per cent of the Amazon, an area roughly three times the size of California, is either public land with no special protection, or public land for which no public information exists, according to a study by the Amazon .