Brazil | News

At least eight people were killed on Saturday when a hot air balloon with 21 passengers caught fire in southern Brazil, said the governor of Santa Catarina state, where the incident occurred. “Eight fatalities and 13 survivors,” Governor Jorginho Mello said on X. Videos taken by bystanders and carried on Brazilian television showed the moment when the balloon erupted in flames above the coastal town of Praia Grande. The weather conditions were clear. The basket carrying the passengers plummeted dozens of meters to the ground in flames. “We still have no information” about the condition of the survivors, a spokeswoman for Santa Catarina firefighters told AFP. Praia Grande, on the Atlantic coast, is a popular destination for hot-air ballooning in Brazil. View this post on Instagram The survivors were being treated in area hospitals, firefighters said. An investigation was launched to determine the cause of the accident. “I want to express my solidarity with the families of the victims,” Brazilian President Luiz...

Brazil scraps crypto tax exemption for small traders, enforces flat 17.5% rate across all gains, including self-custody and offshore holdings. Brazil has ended its tax exemption for small-scale crypto profits, introducing a 17.5% flat rate on all capital gains from digital assets. The new rule was announced under Provisional Measure 1303 as part of the government’s push to raise revenue through financial market taxation. Until now, Brazilian residents who sold up to 35,000 Brazilian reals (roughly $6,300) in crypto assets per month were exempt from income tax. Gains beyond that were taxed progressively, starting at 15% and reaching as high as 22.5% for volumes above 30 million Brazilian reals. The new flat rate, which went into effect starting June 12, removes all exemptions and applies equally to all investors regardless of the size of their transactions, according to a report by local news outlet Portal do Bitcoin. Read more

Brazil’s Central Bank plans to treat transaction data from its central bank digital currency (CBDC) infrastructure, called Drex, as a direct input for setting the country’s interest rate benchmark. Central bank executive Henrique Videira said on June 4 at the Token Nation conference in São Paulo that every payment and asset transfer recorded on Drex’s […] The post Brazil’s central bank plans to use CBDC data to guide interest rate decisions appeared first on CryptoSlate.

XRP Ledger has welcomed two stablecoins: EURØP, a MiCA-compliant euro token backed by European banks, and USDB, a dollar coin tied to Brazilian and US bonds. The launches strengthen XRPL’s role in tokenised finance, connecting institutions, DeFi and RWA markets in Europe and Latin America. The post XRP Ledger Welcomes First MiCA-Compliant EURØP and Brazil’s USDB Stablecoins appeared first on Cryptonews.

The stock market-listed Brazilian payments firm Méliuz has unveiled plans to spend around $26.5 million on Bitcoin (BTC) purchases. The post Brazil’s Méliuz Announces Plans to Buy Another $26.5M Worth of Bitcoin appeared first on Cryptonews.

Ukraine's Foreign Minister Andrii Sybiha has called on Brazil to help facilitate direct negotiations between Presidents Volodymyr Zelensky of Ukraine and Vladimir Putin of Russia in Istanbul.

US musician Lady Gaga has broken her silence following the arrest of two people for allegedly plotting to bomb her historic concert in Brazil’s Rio de Janeiro on Saturday. To Read Lifestyle Stories in Urdu – Click Here Earlier, Brazilian police said that they had thwarted a bomb attack planned for her concert that drew […]

Brazilian police on Sunday said they had arrested two people in connection with a foiled plot to attack Lady Gaga’s packed mega-concert in Rio de Janeiro. Rio’s civil police force said that “together with the ministry of justice”, it had “prevented a bomb attack that would have occurred at Lady Gaga’s concert in Copacabana” on Saturday night. Officials said the superstar’s huge free gig on the beach, her first concert in Brazil since 2012, drew up to two million people. Writing on X, Rio police said it had arrested an adult who was “responsible for the plot” as well as a teenager in the operation codenamed “Fake Monster” — a reference to the US pop diva’s pet name for her fans, “Little Monsters”. It said those involved had recruited people online to “carry out attacks using improvised explosives” and Molotov cocktails as “a collective challenge with the aim of “gaining notoriety on social media”. The police added that the group behind the plot “spread hate speech”, radicalised youths, and used self-harm on di...

Ukraine and Brazil have a lot in common, similar economies, and thus, it is necessary to strengthen cooperation, especially in agriculture and trade.

An Israeli soldier, who survived the October 7 Nova festival massacre and subsequently participated in military operations in Gaza, departed Brazil today (Sunday) after a federal court issued an investigation order against him on suspicion of genocide and crimes against humanity. The investigation stemmed from a complaint filed by a pro-Palestinian organization. The soldier had […]

Slovakia could buy Embraer C-390 aircraft from Brazil while selling Zuzana 2 howitzers to the South American country.

Russian leader Vladimir Putin says he will not attend the Group of 20 summit in Brazil, where he could be arrested under an International Criminal Court warrant.

Ukraine’s Prosecutor General Andrii Kostin stated that he had received intelligence suggesting that Russian leader Vladimir Putin might attend the upcoming G20 summit in Brazil next month. He called on the Brazilian authorities to carry out the arrest warrant if the Russian president appears there.

Hungary will take part in the inaugural meeting of the Friends of Peace initiative in New York, co-led by China and Brazil, with a call to launch peace talks to end the war in Ukraine as soon as possible.

The question of whether Brazil will arrest Vladimir Putin, who is scheduled to attend the G20 meeting, remains open.

Brazil and China have been pushing their "Political Settlement of the Ukraine Crisis" six-point peace plan, whose key principles are favorable to Russia.

Norofert (NRF.RO), a producer of organic ffarm inputs and provider of biotechnology for agriculture in Romania, listed on the Bucharest Stock Exchange on the AeRO market, is expanding its operations in Brazil. Its plans are to start construction of a plant there in partnership with Engenutri Group, a leading agribusiness player with over 25 years of experience in providing plant nutrition and plant protection solutions.

Heavy rains which caused widespread flooding in the southern Brazilian state of Rio Grande do Sul have left hundreds of towns under water, BBC reports. At least 85 people died in the floods and about 150,000 have been displaced from their homes, officials said. Some towns remain isolated and hopes of finding the more than 130 people who are still missing are dwindling. Further heavy rains forecast for this week are expected to further exacerbate the situation in the region. Many residents had to leave their homes, with some of the most vulnerable people evacuated by rescue workers. The Brazilian Airlines Association said on Tuesday that the airport in Porto Alegre would remain closed until at least the end of the month after the Guaíba river burst its banks and flooded the runway and key buildings. The river reached a record high level of 5.3m (17.4ft), local officials said. The previous record was reached in 1941 and stood at 4.76m. The airport is not the only large building which had to close in Porto Alegr...

Green Energy Park signed a definitive agreement for 30 million US Dollars Series-A funding and has obtained the long-term rights to the hydrogen port terminal facilities in Luis Correia, Brazil. 

Ukraine and the Federative Republic of Brazil are planning to intensify economic cooperation and increase trade turnover between the two countries.