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The Latest Breaking News from Brazil

Coffee Posts Moderate Gains as Dollar Weakness Spurs Short Covering

March arabica coffee (KCH24 ) this morning is up +2.35 (+1.34%), and Jan ICE robusta coffee (RMF24 ) is up +27 (+1.05%). Coffee prices this morning are moderately higher as a weaker dollar spurred some short-covering in coffee futures. Coffee prices have been under pressure the last couple of sessions...

Barchart

Unprecedented drought in the Amazon threatens to release huge stores of carbon – podcast

As world leaders and their climate negotiators gathered at the COP28 climate summit in Dubai in early December, on the other side of the world, Brazil was experiencing an unprecedented drought in the Amazon. Scientists fear it could release of billions of additional tons of carbon into the atmosphere.

The Conversation

Visualised: how all of G20 is missing climate goals — but some nations are closer than others

As world leaders gather at Cop28, these charts show how far away the major economies are from their targets

The Guardian - UK

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Hopes for a Mercosur-EU trade deal fade yet again as leaders meet in Brazil

The heads of state from South America’s Mercosur trade bloc are in Rio de Janeiro for a meeting that is expected to disappoint members hoping to finalize a deal with the European Union

The Independent UK

Sugar Prices Plummet as Supply Concerns Ease

March NY world sugar #11 (SBH24 ) on Wednesday closed -1.96 (-7.85%), and March London ICE white sugar #5 (SWH24 ) closed -47.90 (-6.93%) Sugar prices Wednesday plummeted to a 5-month low as an easing of sugar supply concerns has fueled fund selling of sugar futures. Sugar prices have sold...

Barchart

Arabica Coffee Closes Sharply Lower as Supply Fears Recede

March arabica coffee (KCH24 ) on Wednesday closed down -8.50 (-4.63%), and Jan ICE robusta coffee (RMF24 ) closed down -21 (-0.81%). Coffee prices Wednesday retreated, with arabica coffee falling sharply as concerns about global coffee supplies recede. On Tuesday, the International Coffee Organization (ICO) projected 2023/24 global coffee production...

Barchart

Venezuela, Guyana Open 'Communication Channels' As Border Tension Mounts

Guyana and Venezuela agreed Wednesday to "keep the communication channels open" in a fast-worsening feud over a disputed, oil-rich region as Brazil reinforced troops on its northern border with the neighbors.

International Business Times

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FIVB Club Volleyball | Minas proves too strong for Ahmedabad Defenders

Brazil’s Itambe Minas proved too good for Ahmedabad Defenders as it ran out a 25-22, 25-23, 25-19 winner in a Pool-A match on the opening day of the FIVB men’s Volleyball Club World Championships at the Koramangala Indoor Stadium here on Wednesday. The Indian franchise matched Minas for a good…

The Hindu

Arabica Coffee Sinks as Supply Concerns Ease

March arabica coffee (KCH24 ) this morning is down -7.90 (-4.30%), and Jan ICE robusta coffee (RMF24 ) is down -18 (-0.70%). Coffee prices this morning are under pressure, with arabica coffee sharply lower as concerns about global coffee supplies ease. On Tuesday, the International Coffee Organization (ICO) projected 2023/24...

Barchart

Arsenal target Douglas Luiz 'happy to hear' transfer rumours but focused on Aston Villa role

Liverpool have also been linked with the Brazil international, who is a key figure under Unai Emery

Evening Standard

When is Copa America draw 2024? Start time, format, groups and how to watch

Everything you need to know ahead of Thursday’s draw

The Independent UK

Italian outfit Sir Sicoma Perugia will be keen to defend its crown

FIVB Men's Club World Championship kicks off Wed. in Bengaluru. Italy's Sir Sicoma Perugia defends title against Turkey's Halkbank, Brazil's Sada Cruzeiro & Itambe Minas, Japan's Suntory Sunbirds & India's Ahmedabad Defenders.

The Hindu

Is Brazil's Biggest Oil Stock a Value Buy Right Now?

As Brazil becomes the latest member of the OPEC+ alliance, could the country's state-run energy giant Petrobras emerge as a top oil pick for 2024?

Barchart

Report: Dolphins Could Open 2024 NFL Season in South America

Miami could play in an inaugural NFL game in South America in 2024.

Sports Illustrated

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Barchart

Coffee Prices Close Higher on Global Coffee Production Concerns

March arabica coffee (KCH24) on Tuesday closed up +4.35 (+2.42%), and Jan ICE robusta coffee (RMF24) closed up +39 (+1.53%). Coffee prices Tuesday finished moderately higher. Concern that dry conditions in Brazil will lead to smaller coffee yields is supporting prices. Somar Meteorologia reported Monday that Brazil's Minas Gerais region...

Barchart

Sugar Prices Tumble as Supply Concerns Ease

March NY world sugar #11 (SBH24 ) on Tuesday closed -0.85 (-3.29%), and March London ICE white sugar #5 (SWH24 ) closed -18.00 (-2.54%) Sugar prices Tuesday fell sharply but remained above Monday's significant lows. On Monday, NY sugar posted a 3-1/4 month low, and London sugar posted a 2-month...

The Independent UK

Lawyers for woman accusing Dani Alves of sexual assault seek maximum 12-year sentence for player

Lawyers for the woman accusing Dani Alves of sexual assault are asking for the maximum sentence of 12 years in prison for the Brazilian soccer player

Barchart

Coffee Prices Move Higher on Concern About Global Coffee Production

March arabica coffee (KCH24 ) this morning is up +3.80 (+2.12%), and Jan ICE robusta coffee (RMF24 ) is up +45 (+1.77%). Coffee prices this morning are moderately higher. Concern that dry conditions in Brazil will lead to smaller coffee yields is supporting prices today. Somar Meteorologia reported Monday that...

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Metal Hammer

Watch Slash cover Black Sabbath, Led Zeppelin and AC/DC hits at Las Vegas bar re-opening

Slash teamed up with members of The Offspring and Myles Kennedy And The Conspirators for a performance to mark the re-opening of the Hard Hat Lounge bar in Las Vegas

Autosport

Alonso: 2023 my best F1 season alongside 2012 Ferrari title miss

Alonso took fourth in the 2023 drivers' championship, finishing ahead of Ferrari's Charles Leclerc on countback and one point ahead of McLaren man Lando Norris, as Aston Martin's AMR23 enabled him to take regular podiums in the early part of the year. The 2005 and 2006 world champion claimed a…

The Guardian - UK

Feminism in pictures: illustrated stories of women’s rights around the world

Three female artists, from Kenya, Brazil and Turkey, describe how their creative vision helped them draw attention to the fight for equality

International Business Times

Crunch Time For EU-Mercosur Deal At Rio Summit

The fate of a long-awaited but controversial Europe-South America trade deal hangs in the balance this week when Brazilian President Luiz Inacio Lula da Silva hosts a summit of the Mercosur regional bloc.

The Independent UK

Argentina's outgoing government rejects EU-Mercosur trade deal, but incoming administration backs it

Argentina’s outgoing government says it will not support the signing of a long-delayed trade deal between the European Union and the South American bloc Mercosur during a summit this week in Brazil even though the incoming Argentine government has expressed support for the deal

Barchart

Sugar Prices Rally on Short-Covering After Recent Losses

March NY world sugar #11 (SBH24 ) on Monday closed +0.72 (+2.87%), and March London ICE white sugar #5 (SWH24 ) closed +12.70 (+1.82%) Sugar prices on Monday recovered from early losses and closed sharply higher on short-covering after recent losses. On Monday, NY sugar initially fell to a 3-1/4...

Barchart

Coffee Prices Fall as Supply Concerns Ease

March arabica coffee (KCH24 ) on Monday closed down -4.95 (-2.69%), and Jan ICE robusta coffee (RMF24 ) closed down -26 (-1.01%). Coffee prices Monday settled sharply lower on signs of bigger supplies. Brazil's Trade Ministry reported late last Friday that Brazil's Nov coffee exports (not roasted) rose +8.5% y/y...

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Luiz Inácio Lula da Silva

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