brazil

Brazillian mining company Vale (NYSE:VALE) has estimated the fines and compensation costs related to the 2015 Samarco dam collapse at $30 billion.  After years of negotiations between the Brazilian federal and state governments and Vale, BHP (NYSE:BHP), and Samarco Mineração joint venture, the...

The U.K.'s High Court has ruled that Sibanye-Stillwater (NYSE:SBSW) must compensate London-based Appian Capital Advisory for terminating a $1.2 billion deal to acquire two mines in Brazil.  Appian, a private equity firm focused on mining, sued Sibanye after the South African mining company...

Tesla and SpaceX CEO Elon Musk’s social media platform, X, formerly Twitter, has been granted permission by Brazil’s Supreme Court to recommence its operations in the country. What Happened: On Tuesday, Brazil’s Supreme Court Justice Alexandre de Moraes confirmed that X...

Brazil’s Supreme Court has announced a delay in allowing X, owned by Elon Musk, to resume operations in the country due to a payment error. What Happened: The social media platform mistakenly paid $5 million in fines to the wrong bank, hindering its efforts to lift a suspension imposed in...

The Brazilian mining giant Vale SA (NYSE:VALE) announced its commitment to significantly boost copper production under its new CEO, Gustavo Pimenta. Pimenta, a former CFO who became CEO after a turbulent succession process, spoke to the media for the first time in his new role. He acknowledged that...

Tesla Inc. and SpaceX CEO Elon Musk’s social media platform X, formerly Twitter, is reportedly making efforts to re-establish its presence in Brazil. What Happened: X has appealed to Brazil’s Supreme Court to revoke a ban on the platform, asserting its compliance with orders...

While Tesla and SpaceX CEO Elon Musk’s legal and operational difficulties in Brazil are ongoing, Microsoft Corporation (NASDAQ:MSFT) has made progress in the country by pledging a $2.7 billion investment. What Happened: On Thursday, Wedbush analyst Dan Ives highlighted this news...

Brazil's Supreme Court has fined Elon Musk‘s social media platform nearly $1 million daily for allowing access to X, despite a ban. What Happened: The court accused Musk of switching X's network provider to partially restore access. This maneuver was seen as an attempt to bypass the ban...

Tesla and SpaceX CEO Elon Musk’s social media platform, X, formerly Twitter, had managed to temporarily bypass a ban in Brazil with the help of an automatic update of its software. What Happened: On Wednesday, the Brazilian Association of Internet and Telecommunications Providers, or ABRINT,...

Brazil's central bank will likely raise interest rates for the first time in two years due to a heated economy and an above-target inflation outlook. In contrast, the U.S. central banking system just cut rates by a half percentage point Wednesday afternoon. Brazilian policymakers led by Roberto...

Federal Communications Commission (FCC) Commissioner Brendan Carr said on Thursday that he wrote to Brazil telecom regulator Anatel’s President to address the ban on Elon Musk’s social media platform X and the freezing of Starlink assets. What Happened: The Brazilian government’s...

SpaceX has reportedly evacuated employees from Brazil and advised against travel to the country, as Elon Musk faces legal issues with Brazil’s Supreme Court over his social media platform X. What Happened: In an email last week, SpaceX President Gwynne Shotwell instructed employees to avoid...

Elon Musk’s ongoing dispute with Brazil over the ban of social media platform X could potentially affect his other businesses, warns Wall Street Journal business columnist, Tim Higgins. What Happened: Brazil’s ban on X has started to impact other parts of Musk’s business empire....

Tesla and SpaceX CEO Elon Musk’s satellite broadband company, Starlink, has decided to comply with a Brazilian court order to block access to social media platform X, formerly Twitter, in Brazil, reversing its previous stance. What Happened: Starlink initially...

The Brazilian government is considering taxing large tech companies. It may also implement a 15% global minimum tax on multinational corporations to achieve its 2025 fiscal target. What Happened: The Finance Ministry of Brazil is preparing to present proposals to Congress this year for...