brazil

Starlink, the satellite broadband subsidiary of Elon Musk‘s aerospace giant SpaceX, has reportedly informed Brazil’s telecom regulator, Anatel, that it will not comply with a court order to block social media platform X in Brazil until its local accounts are unfrozen. What Happened: The...

Tesla and SpaceX CEO Elon Musk has threatened to seize Brazilian government assets unless property belonging to his companies X, formerly Twitter and SpaceX is returned. What Happened: On Monday, Musk took to X, and threatened to seize Brazilian government assets in a reciprocal move...

Jack Dorsey, the co-founder of Twitter, now known as X, endorsed a Swedish VPN (Virtual Private Network) service after Brazil banned the platform. What Happened: Dorsey posted a link to Mullvad VPN and a browser on his X account. This action aligns with his advocacy for technologies that enhance...

Elon Musk has suggested that his X social medial could face similar challenges in the U.S. as it did in Brazil if Kamala Harris wins the upcoming election. What Happened: Musk voiced his concern on X. He said 2024 has witnessed unparalleled attacks on free speech and that the U.S. could experience...

On Friday, a Brazilian Supreme Court justice called for an immediate halt to the operations of social media platform X, formerly Twitter, intensifying the ongoing dispute between the court and Elon Musk. What Happened: Justice Alexandre de Moraes demanded a complete and immediate...

Brazil appears to be on the brink of banning Elon Musk‘s social media platform X Corp., formerly known as Twitter, before October. What Happened: According to data from prediction market Polymarket, there is an 80% chance of this occurring, with the market showing a significant 28% increase...

SpaceX CEO Elon Musk said on Friday that the company will continue to provide Starlink satellite internet services to the Brazilian military as well as other users despite the country’s Supreme Court Justice Alexandre de Moraes freezing Starlink’s finances. What Happened: “...

Sen. Ted Cruz (R-Texas) praised Elon Musk’s acquisition of Twitter, calling it a significant move for free speech, amidst increasing crackdowns by governments. What Happened: On Thursday, Cruz expressed his views on the recent developments surrounding Musk’s social media platform, X,...

In a recent development, Elon Musk has been instructed by Brazilian Supreme Court Justice Alexandre de Moraes to designate a legal representative for his messaging platform, X, in Brazil. The owner of X has been given a 24-hour ultimatum to comply or face the potential suspension of his platform in...

Vale SA (NYSE:VALE), one of the world's largest mining companies, has unanimously selected its Chief Financial Officer, Gustavo Pimenta, as the new CEO, succeeding Eduardo Bartolomeo. The succession process proved turbulent, as the board's conflicts prolonged leadership selection for this key...

In stark contrast, Brazil approved its second Solana (CRYPTO: SOL) ETF this month, while prospects of a similar investment product in the U.S. appear bleak. What Happened: The Brazilian Securities and Exchange Commission greenlighted the ETF offered by Brazilian cryptocurrency asset manager Hashdex...

The bond market of emerging economies has experienced a strong upswing in recent sessions, driven by rising expectations that the Federal Reserve is nearing a policy shift toward cutting interest rates. The iShares J.P. Morgan USD Emerging Markets Bond ETF (NYSE:EMB), which tracks dollar-...

Nu Holdings Ltd (NYSE:NU) reported financial results for the second quarter after the market close on Tuesday. Here’s a rundown of the report. Q2 Earnings: Nu Holdings reported second-quarter revenue of $2.8 billion. The Brazilian bank’s top-line results were up 65% on a year-over-year...

Online Latin America commerce and payments company Mercado Libre (NASDAQ:MELI) reported second-quarter financial results after market close Thursday. Here are the highlights. What Happened: Mercado Libre reported net revenue of $5.07 billion in the second quarter, up 42% year-over-year. The revenue...

Every four years, a Summer Olympics competition is held with viewers around the world tuning in to cheer on their country's athletes in the hope to top the medal count and celebrate the pride of their country. While the Olympics are important to media companies, sports fans and others, here's a...