
Brazil Needs Fiscal Sense to Gain From Trade War, Speaker Says
Brazil has emerged as an early winner from Donald Trump's trade war with China but needs to get its fiscal situation in order to attract investment and fully capitalize on the global upheaval, according to lower house Speaker Hugo Motta.
Commodities-rich Brazil has ramped up exports of meat and other products since Trump slapped hefty tariffs on China, and President Luiz Inacio Lula da Silva inked new trade deals with Beijing this week. But deepening fiscal woes are limiting investor appetite at a time when Latin America's largest economy could be more attractive, Motta said in a Tuesday interview.
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Hong Kong Digital Entertainment Association (HKDEA) aims to support the industry in seeking breakthroughs and fostering innovation in animation production through the "2nd Future Animation" Scheme. By exploring and applying AI's potential in assisting animation production, the scheme seeks to nurture exceptional works and open up new business opportunities. Building on the remarkable achievements of the first scheme, the "2nd Future Animation" Scheme received an overwhelming response, with numerous qualified applications. The judging committee conducted rigorous assessments and interviews based on creativity and originality, design and artistic quality, storytelling ability/visual impact, as well as the companies' track record, capacity to produce the proposed work, technical capability of mastering AI on production, and commitment to the program. Ultimately, six local companies were selected to receive subsidy. The "2nd Future Animation" Scheme provides comprehensive support to the six selected local companies, helping them enhance their animation production capabilities and develop AI application technologies. Each selected company is granted a maximum subsidy of HK$850,000 to produce a 15-20 minutes long animation work assisted by AI. In addition, the companies receive expert mentoring, allocating two interns from relevant institutions, and access to training on AI-related legal risks, intellectual property, the latest AI tools and trends, as well as experience-sharing seminars. List of six selected companies of "2nd Future Animation – AI-Assisted Animation Production Support Scheme" (arranged in alphabetical order by company name) Company Names Work Title Animation Synopsis 924 Studio Limited Kill Danny 1999 This is a short animation firm named: kill Danny 1999. Which is the third part of the Kill Danny trilogy, a Hong Kong Action-comedy themed IP. 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Morph Workshop Silili & Tree The desire for balance seems to be a fundamental aspect of our nature, deeply rooted in our genes… Silili & Tree is a story delving into the idea of balance—not just for individuals, but also for communities and the wider world. By seeking balance, Silili harnesses the power of frequency and resonance to embark on a transformative journey toward becoming a tree spirit. From the moment she left her mother tree, she—like the other elves—was searching for an ideal to become. However, she didn't realize that her journey had inadvertently harmed one tree while saving the plants of an entire island... Stepc Depths of Light The story is about what happens when matter collides, light is born—but what kind of light? What form will it take? These are not choices we can make... For details about "2nd Future Animation – AI-Assisted Animation Production Support Scheme", please visit our website: About Hong Kong Digital Entertainment Association (HKDEA)Established in 1999, HKDEA is a non-profit organisation aiming to promote digital entertainment development in Hong Kong. Its mission points toward the achievement of the following goals - boosting prosperity of the digital entertainment industry by fostering cooperation among local developers; opening up and development of digital market; enhancement of local technology so as to raise the competitiveness of Hong Kong production; promoting communication between digital entertainment industry and other related industries such as toys, entertainment and visual games; building a favourable image for digital entertainment; and protection of intellectual property rights and scrapping counterfeit products. For more information, please visit HKDEA's website at About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia's creative capital and fostering a creative atmosphere in the community to implement Hong Kong's positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan. CCIDA's website: View original content to download multimedia: SOURCE The Hong Kong Digital Entertainment Association Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data