Latest news with #BandNews
TimesLIVE
6 days ago
- Politics
- TimesLIVE
Proposal to regulate social media platforms in Brazil is ready, says Lula
Brazilian President Luiz Inacio Lula da Silva said on Tuesday a proposal to regulate social media platforms in the country is ready and will be sent to Congress. In an interview with news outlet BandNews, Lula said the proposal will be on his desk on Wednesday afternoon, so the government can send it to Congress. US President Donald Trump imposed 50% tariffs on imports of Brazilian goods this month, linking the move to a "witch hunt" against former president Jair Bolsonaro and "unfair trade practices" by Brazil, particularly on US companies' digital trade. Lula said he hopes to one day meet Trump and that they can talk in a civilised way, as two heads of state. The Brazilian leader on Tuesday said he had sent a letter to Trump inviting him to global climate summit COP30, which is set to be held in Brazil later this year. Lula also said that next week he plans to call leaders from France, Germany and the EU to speak about the deal being discussed between the EU and South American bloc Mercosur.
The Hindu
6 days ago
- Business
- The Hindu
Brazil's Lula says proposal to regulate social media platforms is ready
Brazilian President Luiz Inacio Lula da Silva said on Tuesday that a proposal to regulate social media platforms in the country is ready and will be sent to Congress. In an interview with news outlet BandNews, Lula said the proposal will be on his desk on Wednesday afternoon, so the government can send it to Congress. U.S. President Donald Trump imposed 50% tariffs on imports of Brazilian goods this month, linking the move to a "witch hunt" against former President Jair Bolsonaro and "unfair trade practices" by Brazil, particularly on U.S. companies' digital trade. Lula said he hopes to one day meet Trump and that they can talk in a civilised way, as two heads of state. The Brazilian leader on Tuesday said that he had sent a letter to Trump inviting him to global climate summit COP30, which is set to be held in Brazil later this year. Lula also said that next week he plans to call leaders from France, Germany and the European Union to speak about the deal being discussed between the EU and South American bloc Mercosur.
The Sun
6 days ago
- Business
- The Sun
Brazil offers $5.6 billion credit to exporters hit by US tariffs
BRASILIA: 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) - Reuters
The Sun
6 days ago
- Business
- The Sun
Brazil's Lula announces social media regulation proposal ready for Congress
BRASILIA: Brazilian President Luiz Inacio Lula da Silva said on Tuesday that a proposal to regulate social media platforms in the country is ready and will be sent to Congress. In an interview with news outlet BandNews, Lula said the proposal will be on his desk on Wednesday afternoon, so the government can send it to Congress. U.S. President Donald Trump imposed 50% tariffs on imports of Brazilian goods this month, linking the move to a 'witch hunt' against former President Jair Bolsonaro and 'unfair trade practices' by Brazil, particularly on U.S. companies' digital trade. Lula said he hopes to one day meet Trump and that they can talk in a civilized way, as two heads of state. The Brazilian leader on Tuesday said that he had sent a letter to Trump inviting him to global climate summit COP30, which is set to be held in Brazil later this year. Lula also said that next week he plans to call leaders from France, Germany and the European Union to speak about the deal being discussed between the EU and South American bloc Mercosur. - Reuters
Yahoo
6 days ago
- Business
- Yahoo
Brazil to provide $5.6 billion to help exporters navigate US tariffs
BRASILIA (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)
