Reuters • 28th October 2024

Brazil institute sues social media giants for $525 million over excessive use by minors

Brazil's Collective Defense Institute has filed two lawsuits demanding 3 billion reais ($525.27 million) from the Brazilian units of TikTok, Kwai and Meta Platforms for allegedly failing to create mechanisms to prevent indiscriminate use of these social media platforms by minors, according to initial petitions seen by Reuters.

Reuters • 26th September 2024

Microsoft to make $2.7 billion cloud, AI investments in Brazil

Microsoft on Thursday pledged to invest 14.7 billion reais ($2.70 billion) in Brazil over three years to enhance its cloud infrastructure and artificial intelligence (AI) in Latin America's largest economy.

Reuters • 24th July 2024

Credit Saison commits to $100 million investment in Brazil

Japanese credit investor Credit Saison committed on Wednesday to a $100 million investment in Brazil, part of a broader push in Latin America that includes a capital injection of the same size in Mexico.

Reuters • 11th June 2024

Google to test anti-theft AI feature for phones in Brazil

Alphabet's Google said on Tuesday that Brazil will be the first country to test an anti-theft feature for Android phones that uses artificial intelligence (AI) to identify when a phone has been stolen and lock the device's screen.

Reuters • 25th April 2024

Brazil's QI Tech gets unicorn status after fresh General Atlantic-led investment

Brazilian financial services provider QI Tech has reached a valuation of more than $1 billion, it said in a statement on Thursday, getting "unicorn" status after a new investment round led by equity investor General Atlantic.

Reuters • 28th March 2024

Brazil exchange operator B3 to offer bitcoin futures in April

Brazilian exchange operator B3 said on Thursday it received a green light from the country's securities regulator to offer bitcoin futures, with trading to start on April 17.

Reuters • 19th March 2024

B3, S&P Dow Jones Indices launch Brazil's first volatility index

Brazilian exchange operator B3 and S&P Dow Jones Indices on Tuesday launched the first volatility index of Brazil's domestic market, to be calculated based on the methodology of the CBOE Volatility Index, known as Wall Street's fear gauge.

Reuters • 13th March 2024

Brazil court suspends criminal lawsuits against former Vale CEO over dam collapse

A Brazilian court on Wednesday suspended multiple criminal lawsuits against Vale's Chief Executive Fabio Schvartsman over the deadly 2019 collapse of a tailings dam at a mine owned by the company.

Reuters • 1st March 2024

Court orders Meta to cease using name in Brazil

A Sao Paulo-court ordered Facebook-parent Meta to stop using its name in Brazil within 30 days, after a local computer services provider with the same name filed a lawsuit saying it has been damaged by third parties confusing the companies.

Reuters • 28th February 2024

Brazil's Suzano posts quarterly profit fall, swaps CEO after 11 years

Brazilian pulpmaker Suzano posted on Wednesday a 39% fall in its fourth-quarter net profit from a year earlier as lower pulp prices hit its revenue, while the company also announced its first CEO change in more than a decade.