Brazil approves oil drilling near mouth of Amazon River

Brazil's government on Monday approved a license request by state-run oil giant Petrobras to drill for oil near the mouth of the Amazon River. The move has triggered sharp criticism by environmental activists ahead of the COP30 UN climate talks in...

Brazil's government greenlights oil drilling near mouth of Amazon River ahead of UN climate summit (World)

Photo: The Canadian Press FILE - Fuel reservoirs sit at a distribution center for state-run oil company Petrobras, in Brasilia, Brazil, May 15, 2024. (AP Photo/Eraldo Peres, File) Brazil's government approved on Monday exploratory drilling by...

Brazil grants oil exploration licence in Amazon region

Brazilian President Lula da Silva has said he was in favour of a world without fossil fuels, but “this moment has not come yet” Brazil’s state oil firm has received a licence to conduct exploratory oil drilling in the sea off the Amazon, despite...

Market Talk - Monday, Oct. 20

Monday, October 20, 2025 5:48 PM EDT Image Source: Pixabay ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 1,603.35 points or 3.37% to 49,185.50 • Shanghai increased 24.137 points or 0.63% to 3,863.893 • Hang Seng...

Global firms face $35B tariff hit but trade deals ease pressure

Multinational corporations reported more than $35 billion in expenses as they prepare for their third-quarter earnings results due to US president Donald Trump’s tariffs. However, after several considerations, several of them have lowered their...

Payment Orchestration: A Small Business Guide

In today’s economy, customers expect to pay how they want, when they want, without friction. Whether you run an online boutique, a subscription box service, or a neighborhood restaurant taking orders through delivery apps, payments are a direct...

Global companies hit by more than $35bln in US tariffs, but outlook stabilizing

Global companies have flagged more than $35 billion in costs from U.S. tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce exposure to President Donald Trump's levies. Trump's trade...

British fintech Revolut granted banking license in Mexico

UK-based financial technology company Revolut has received formal authorization from the National Banking and Securities Commission to begin operating as a bank in Mexico. The authorization follows the initial approval granted by regulators in...

Ethereum (ETH) Rally Ignites as Investors Pour $205M Despite Market Turmoil

Bitcoin faced $946 million outflows last week, yet altcoins like Ethereum, Solana, and XRP gained millions. Despite turbulence across crypto markets, investors treated Ethereum’s weakness as a buying window. During the week, investment funds...

Emissions From Global Meat And Dairy Companies Rival Fossil Fuels

The world’s major meat and dairy companies are generating combined greenhouse gas emissions on par with some of the biggest fossil fuel producers, according to new estimates from environmental and food policy experts issued ahead of the COP30...

Dyer: AI adding to unstable times A stock market crash looms as there are more and bigger wars, accompanied by a near-collapse of the international rule of law.

Breadcrumb Trail Links Opinion Column A stock market crash looms as there are more and bigger wars, accompanied by a near-collapse of the international rule of law. (Getty Images) “The thing that comforts me,” said Jeff Boudier at Hugging Face,...

Beautyworld Middle East to explore fragrance trends in Brazil and the USA

As part of the first edition of the “Next in Fragrance” conference series, Premium Beauty News will host a round table discussion on current perfume trends in Brazil and the United States. Under the title: "Fragrance passports: Fragrance trends in...

H-1B Visa Costs Push U.S. Companies to Nearshore Talent in Latin America

A new $100,000 surcharge on H-1B visas is sending shockwaves through U.S. employers already struggling to fill tech roles. The Trump administration's policy change, layered on top of rising USCIS filing fees, has turned skilled-worker sponsorship...

‘Reason to be together’: India, Brazil boost ties amid US tariff tensions

India and Brazil are doubling down on economic and climate cooperation in a bid to strengthen Brics and bolster the Global South’s negotiating power as both nations face rising trade tensions with the United States. Analysts say the push –...

India, Brazil Energize Bilateral Ties Via Oil Trade

India and Brazil, key emerging markets and voices of the Global South, are working to deepen their political and economic engagement after being stung by steep punitive tariffs imposed by U.S. President Donald Trump and against the backdrop of...

Brazil, China, and UK aviation giants eye Nigerian market to boost expansion in domestic flight

Nigeria opens skies to global investors “We are concessioning airports and attracting maintenance, repair, and overhaul (MRO) investors, even with local partners. “In Lagos, I recently launched one of the biggest MRO facilities capable of handling...

The Economic and Human Toll of Neglected Mental Health

India’s Silent Crisis By Ajit Ranade & Sushil Walunj Every morning, lakhs of IT workers put on their work faces—logging into video calls, answering emails, or rushing through commutes. Outwardly, everything looks fine: smiles, small talk,...

The Political Economy of “Make Argentina Default Again”

During the recent US government shutdown, President Donald Trump announced a $20 billion bailout for Argentina. The arrangement appears to serve as a personal favor to Argentine president Javier Milei and may represent an effort to...

'Historic Mistake': Brazil Opens Up Amazon to New Oil Drilling Ahead of Global Climate Summit

As climate leaders and policymakers arrive in Belém, Brazil next month, for the global climate summit that officials have pledged will stand apart from previous conferences due to its emphasis on "implementation," the country's government-run...

CEO Africa Roundtable seals strategic trade pacts with Brazil and Nigeria

Judith Phiri, Zimpapers Business Hub THE CEO Africa Roundtable has signed two Memorandums of Understanding (MoUs) with the Afro Chamber in Brazil and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA)....