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The Latest Breaking News from Brazil

Arabica Coffee Closes Slightly Lower on Dollar Strength and U.S. Economic Concerns

July arabica coffee (KCN23 ) on Friday closed down -0.15 (-0.08%), and July ICE robusta coffee (RMN23 ) closed up +39 (+1.63%). Coffee prices Friday settled mixed, with arabica falling to a 1-month low. Coffee prices were under pressure Friday from a rally in the dollar index to a 1-month...

Barchart

Arabica Coffee Tumbles on a Stronger Dollar and U.S. Economic Concerns

July arabica coffee (KCN23 ) this morning is down -1.35 (-0.74%), and July ICE robusta coffee (RMN23 ) is up +31 (+1.30%). Coffee prices this morning are mixed, with arabica dropping to a 1-month low. Coffee prices fell on today's rally in the dollar index to a 1-month high and...

Barchart

Brazil threatens to ban Telegram VPN

The move comes after Telegram warned that 'democracy is under attack in Brazil' as VPN interest grows across the region amid temporary blocks.

TechRadar

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U.S. Congressman George Santos agrees to settle lawsuit in Brazil

Republican U.S. congressman George Santos, who has Brazilian heritage, agreed to settle a lawsuit in which he was accused of bouncing checks to buy clothes in a Rio de Janeiro clothing store over a decade ago, a court in Rio said.

Reuters

George Santos confessed to stealing checks in Brazil in a deal to drop charges

The New York Republican congressman reached a deal with Brazilian prosecutors in which he agreed to confess and pay restitution and fines to avoid prosecution.

WEKU

Grappling with Zuckerberg: why do bros go mad for Brazilian jiu-jitsu?

Some don’t consider it very elegant, but if you want to get ripped without knowing quite how, do it

The Guardian - UK

Offshore firm TechnipFMC wins $1bn contract for work on major project in Brazil

The deal comes three months after the company wona number of sizeable contracts to bring work to its Tyneside yard

Birmingham Post

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MLS star suspended in connection with "unlawful sports gambling"

Colorado Rapids player Max Alves is being investigated by Brazilian authorities in relation to alleged spot-fixing with claims he deliberately received a yellow card against LA Galaxy

Daily Mirror

George Santos inks deal to avoid prosecution in Brazil over bad checks

New York Rep. George Santos has signed an agreement with public prosecutors in Brazil to avoid prosecution for forging two stolen checks in 2008

The Independent UK

Sugar Prices Close Moderately Lower as Brazil's Sugar Harvest Picks Up

July NY world sugar #11 (SBN23 ) on Thursday closed down -0.64 (-2.40%), and Aug London white sugar #5 (SWQ23 ) closed down -12.90 (-1.80%). Sugar prices Thursday moved lower as the pace of the Brazil sugar harvest picked up. Unica reported Thursday that Brazil's 2023/24 sugar production through April...

Barchart

Dollar Strength Sparks Long Liquidation in Coffee Futures

July arabica coffee (KCN23 ) on Thursday closed down -2.95 (-1.59%), and July ICE robusta coffee (RMN23 ) closed down -88 (-3.55%). Coffee prices Thursday moved lower, with robusta falling sharply to a 1-1/2 week low. Thursday's rally in the dollar index to a 1-week high sparked long liquidation in...

Barchart

Coffee Prices Retreat on Dollar Strength and Demand Concerns

July arabica coffee (KCN23 ) this morning is down -2.60 (-1.40%), and July ICE robusta coffee (RMN23 ) is down -62 (-2.50%). Coffee prices this morning are under pressure from a rally in the dollar index to a 1-week high. Coffee prices are also falling on demand concerns after today's...

Barchart

MLS player suspended as Brazilian officials charge 16 in alleged match-fixing scheme

The Colorado Rapids suspended winger Max Alves on Wednesday in connection with alleged unlawful sports gambling

The Guardian - US

Spanish PM will ask Biden to listen to China, Brazil on Ukraine

(This May 11 story has been corrected to remove reference to more weight in paragraph 1)

Reuters

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Reuters

Brazil blocks $8 million from alleged financiers of January riots to pay for damages

Brazil's federal police said on Thursday the country had frozen roughly 40 million reais ($7.99 million) belonging to alleged financiers of the Jan. 8 riots in Brasilia in order to pay for damages caused to public property.

Evening Standard

Rita Lee, Brazilian Queen of Rock, dies aged 75

Luiz Inácio Lula da Silva paid tribute to ‘one of the greatest and most brilliant names in Brazilian music’

Reuters

Brazil's Haddad raises concerns about economic situation, drought in Argentina

Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina's economic challenges and a major drought there could affect the country's "political destiny" and usher in an extremist government.

LiveScience

Piranhas swarm 8 tourists at Brazilian resort, leaving them with bloody legs and feet

Piranhas had become accustomed to the free food discarded in the river. Once first blood was drawn, the school attacked en masse.

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Reuters

Yellen highlights common goals with Brazil on climate, development

U.S. Treasury Secretary Janet Yellen highlighted the fight against climate change and other goals shared by the United States and Brazil, in a meeting with Brazilian Finance Minister Fernando Haddad in Japan on Thursday.

Reuters

Bolivian leader open to using yuan for trade, touting 'trend'

Bolivia's president expressed openness to the use of the Chinese yuan for international trade during a press conference on Wednesday, citing similar moves by Argentina and Brazil to tap the Asian currency for transactions with China.

The Independent UK

Lula envoy meets Ukraine's Zelenskyy after comments that drew ire

A special adviser to Brazil’s presidency has met with Ukraine’s President Volodymyr Zelenskyy following from his Brazilian counterpart that drew rebukes from Kyiv, the U.S. and Europe

The Independent UK

The incredible rise and dramatic fall of George Santos

The GOP lawmaker and suspected fraudster’s murky and ever-changing biography makes it difficult to parse truth from fiction, Bevan Hurley reports

Football London

Raphinha slams Arsenal and Chelsea transfer 'lie' with clear Barcelona message

Arsenal and Chelsea both held an interest in signing Brazil star Raphinha last summer before he completed a £55million transfer to Barcelona

Reuters

Brazil's crusading justice Moraes ratchets up fight with global tech giants

The head of Brazil's electoral authority, Supreme Court Justice Alexandre de Moraes, delivered a stern warning to the world's top tech companies on Wednesday, saying he would not let them undermine Brazil's democracy.

Barchart

Arabica Coffee Closes Slightly Lower as Harvest Conditions Improve in Brazil

July arabica coffee (KCN23 ) on Wednesday closed down -0.55 (-0.29%), and July ICE robusta coffee (RMN23 ) closed up +16 (+0.65%). Coffee prices on Wednesday settled mixed. Arabica coffee fell back slightly Wednesday on speculation that forecasts for dry conditions in Brazil over the next week should help speed...

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