Americans flock to ritzy coastal town dubbed the 'new Hamptons'... and there's a huge tax perk
Punta del Este is drawing comparisons to the other playgrounds for the rich and famous, like the Hamptons and Monaco, for its abundant beachfront, sea of well-heeled residents, and love for the ritzy sport of polo, enjoyed by the likes of the British Royal Family
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Reuters
7 hours ago
- Reuters
Brazil to provide $5.6 billion to help exporters navigate US tariffs
BRASILIA, Aug 12 (Reuters) - Brazil's President Luiz Inacio Lula da Silva on Tuesday said his government would provide 30 billion reais ($5.55 billion) in credit as part of a plan to support companies that export goods and are affected by steeper tariffs imposed from Washington. In an interview with local news outlet BandNews, Lula said this was an initial amount to help the exporters, adding the package will also include support through government purchases. The government is set to announce on Wednesday the highly anticipated plan at an event 11:30 a.m. (1430 GMT) in the capital Brasilia, according to the office of Lula's chief of staff. Reuters had reported last week, citing sources, that Brazil's government was mulling shifting some 30 billion reais from a fund managed by state development bank BNDES to support local firms hit the tariffs. The U.S. hiked the levies imposed on the imports of Brazilian goods to 50% from 10% earlier this month, although products including orange juice and aircraft were exempted from the increase. ($1 = 5.4020 reais)
The Independent
13 hours ago
- The Independent
Who is Ethan Guo? The teenage influencer trying to fly across all seven continents solo
An American teen influencer, who embarked on an ambitious cancer research fundraising flight around the world last year, has been stranded in a remote location in Antarctica for almost two months. Authorities say Ethan Guo landed his small plane illegally in Chilean territory and he was charged on June 29 with handing false information to ground control and landing without authorization. However, on Monday, a judge dropped the charges as part of an agreement with his lawyers and Chile's prosecutors. It requires the teen to give a $30,000 donation to a children's cancer foundation within 30 days to avoid a trial. He must also leave the country as soon as conditions permit and is prohibited from reentering Chilean territory for three years. Who is Ethan Guo? Ethan Guo is a 19-year-old Asian American pilot and influencer who is attempting to become the first person to fly solo across all seven continents. The teenager is piloting a 50-year-old Cessna 182Q – a single-engine light aircraft known for its versatility – named Whiskey Tango. According to Guo, who has 1.4 million followers on Instagram, the plane suffered engine failure soon after he began his first attempt at the historic journey. How did he learn to fly? Guo says his passion for aviation began at the age of 13 and he earned his private pilot license at 17 – having been homeschooled to accommodate flight training and preparation. The teenager is now IFR-rated, meaning he can fly using instruments alone, without visual ground reference. So far, Guo has flown to all 48 contiguous U.S. states and crossed the Atlantic three times, amassing over 700 hours of flight time. He began his seven-continent journey in September 2024. Why is making the historic trip? Guo's journey started out as simply a passion and an achievement to aim for, but later took a more personal turn when his cousin was diagnosed with blood cancer in 2021. Guo cites his cousin as the inspiration 'to take life more seriously' and has joined the fight against cancer. His journey is now also a way to raise awareness of childhood cancer. "It was extremely unexpected because he was young, 17, 18 at that time," Guo told KTUV in May. "And it was stage 4 blood cancer, which is not very good unfortunately, and I was like, 'what can I do to help?'" On his website, the teenager states he is aiming to raise $1 million for cancer research and awareness through St. Jude Children's Research Hospital. How is he funding his trip? According to Guo, while his trip was simply a personal goal, he encountered funding challenges and worked different jobs to help pay for his training, while constantly searching for sponsors. Now, though he has amassed financial backers across the world, including places such as Dubai, whom he has stopped in to visit along the way. He also accrues funds through his social media content and collaborations with traditional media outlets. The journey so far Guo's journey started in Memphis, Tennessee, the home of St. Jude Children's Research Hospital. Since then, he has travelled to six out of the seven continents: North America, South America, Europe, Asia, Africa, and Australia – stopping at hospitals along the way to meet with child cancer patients, and discuss raising awareness with experts and medical professionals. The trip has not been without its perils, with Guo coming up against extreme weather, mechanical failures, brushes with military forces in several countries, and even detainment in Myanmar. The teenager was grounded in the Chilean territory of King George Island off the Atlantic coast in June, and despite charges being dropped, he has been unable to fly on so far due to adverse weather conditions. Advice to others Guo has been honest about facing loneliness during his epic trip across the world. "To be honest, many times I am scared," he told KTVU in May. "It's not a guarantee that I'll be able to complete this journey and on many fronts there are risks. 'But I think if you have something that you believe in and you find something that you believe is worth fighting for, I think even with the risk you should take it on." However, he has remained determined and advises others to keep aiming for big things. 'What I say to people is aim as big as you can, break it down to digestible steps and work towards it step by step,' he said.
BBC News
a day ago
- BBC News
Charges dropped against teen pilot detained in Antarctica
Charges against an American influencer and teen pilot who has been stranded on a remote island in the Antarctic since June have been Guo, 19, is alleged to have illegally landed his plane in Chilean territory after embarking on a solo trip to all seven continents to raise money for cancer research, according to local authorities. They accused him of providing false flight plan information to officials who detained him and opened an investigation. A judge has ordered him to leave the area, pay a $30,000 (£22,332) donation to a children's cancer foundation and is banned from re-entering Chilean territory for three years. Mr Guo made headlines last year when he began an attempt to become the youngest person to fly solo to all seven continents and collect donations for research into childhood cancer. Having already visited six of seven continents, in June he flew his small Cessna 182Q aircraft from the city of Punta Arenas, near the southernmost point of Chile, to King George island off the Atlantic coast, which is claimed by Chile and named after the UK's King George III. He was taken into custody after landing on the island, which is home to a number of international research stations and their said he submitted a plan to fly over Punta Arenas, but not beyond that, according to CBS News, the BBC's US was charged on 29 June with allegedly handing false information to ground control and landing without authorisation, but these were dropped by a judge on Monday. "I remain in Antarctica awaiting approval for my departure flight," Mr Guo told the Associated Press (AP) news agency following the judge's ruling on Monday. "I sincerely hope they give it to me soon so that I and my plane can continue with my original mission."Mr Guo has been staying at a military base on the island for the last six weeks, AP reported. He was told he could travel to other parts of Chile but because of frigid temperatures was unable to leave the island, it Guo is hoping to become the first pilot to complete solo flights across all seven continents in the Cessna aircraft, and has already spent 140 days in the air on his travels. He decided to raise money for cancer research after his cousin was diagnosed with is aiming to raise $1m for cancer research at St Jude Children's Research Hospital in Memphis, Tennessee.
