Brazil recently decided against joining China’s multi-billion-dollar Belt and Road Initiative (BRI). This marks a major setback to China’s BRI after India’s refusal to endorse the mega project. With this development, Lula da Silva-headed country becomes the second country after India in the BRICS bloc to deny support. According to special presidential adviser for international…
Russian President Vladimir Putin is hosting the annual BRICS summit, which started on Tuesday, in Russia’s southwestern city Kazan. The three-day conclave will be the largest gathering of world leaders in Russia in decades and will be held at a time when the Kremlin is locked in a war with Western-backed Ukraine. So what is…
Futures for soybeans and soyoil slumped as a lack of fresh Chinese stimulus measures sparked selling across markets. A hotly anticipated briefing by China’s top economic planner following the Golden Week holiday ended without new pledges to boost government spending. That sent a gauge of Chinese stocks tumbling in Hong Kong, with oil and other…
Brazilian authorities are optimistic that the upcoming state visit of Chinese President Xi Jinping to South America in November will open new market opportunities for the nation’s agribusiness sector. Xi Jinping’s trip will be his third visit to Brazil, following visits in 2014 and 2019, as well as a previous visit before his rise to…
Brazil: Elon Musk’s X has paid millions of dollars in fines in Brazil to settle a row with a judge who banned the platform in its biggest Latin American market over disinformation. But the platform transferred the money into the wrong account, Supreme Court Justice Alexandre de Moraes, who ordered the shutdown of X in…
We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Harris-Trump debate: tough talk on China but little substance in first US presidential debate Photo: Getty Images Kamala Harris was widely…
SAO PAULO (AP) — An airplane carrying Brazilian President Luiz Inácio Lula da Silva back to Brasilia experienced a technical problem after leaving Mexico City on Tuesday and was returning to the airport so he could board another flight to return home, Brazil’s air force said. The aircraft, an Airbus A319, was flying over the…
Last week, Elon Musk’s X agreed to comply with orders from Brazil’s Supreme Court. Reuters reported Friday that the Brazilian courts hit X with one last fine of $1.8 million. Experts told BI that the monthslong battle will finally end once the legal bills are paid. Thanks for signing up! Access your favorite topics in a…
Brazil’s Supreme Court is ordering ‘X’ to pay just over $5 million in penalties – including a new nearly $2 million fine – before the country finally lifts their ban on the platform. ‘X’ informed the Brazilian government earlier this week that they were now in compliance with the courts orders – as owner Elon…
China’s top diplomat Wang Yi called for “joint resistance” to decoupling in the face of US-led restrictions while also urging “extraterritorial nations” not to “incite confrontation” in the Asia region. Addressing the United Nations General Assembly on Saturday, the Chinese foreign minister issued a strong rebuke of hegemony and trade protectionism as he championed an…