Man shot dead at Brazil's Sao Paulo global airport

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• Mosaic misses quarterly profit price quotes, finance chief Freeland to retire

  Fertilizer producer Mosaic missed Wall Street quotes for thirdquarter earnings on Tuesday, harmed by production snags, and said its Chief Financial Officer Clint Freeland would retire. Mosaic had cut its third-quarter production projection in September following equipment failures in Canada and cyclones at the U.S. Gulf Coast. Shares of the company fell 1.7% premarket. The company also appointed Luciano Siani Pires as its new Chief Financial Officer, who will begin with Jan. 1. Pires is successful Freeland who is retiring from his role as executive vice president and CFO, but will continue as a senior consultant until July 1. Siani Pires was the group finance chief of Brazilian miner Vale for nearly a decade and likewise served on Mosaic's. board for more than 4 years until August 2022, according to. his profile at the professional networking platform LinkedIn. His appointment follows the tenth successive quarter where. the Tampa, Florida-based business stopped working to beat market. price quotes, according to information compiled by LSEG. Mosaic stated its third-quarter net sales declined 21%. compared with a year earlier to $2.81 billion, weighed down by. lower potash prices. Analysts expected net sales of $3.16. billion. Global potash prices have actually been pressed as materials are. back up to the levels seen before the intrusion of Ukraine, as. top producers Russia and Belarus avoid Western sanctions by. increasing deliveries to Asia and South America. Mosaic said potash and phosphate producing operations have. returned to regular following the disturbances in the previous. quarter and it anticipated an uptick in sales for both in the. fourth quarter. The business reported adjusted incomes of 34 cents per share. for the quarter ended Sept. 30, compared with experts' average. quote of 54 cents per share. Mosaic said its Carlsbad potash operation in New Mexico is. under strategic review.

• COP29: What is the latest science on climate change?

  This year's U.N. environment top COP29 is being held during yet another recordbreaking year of higher worldwide temperatures, including pressure to settlements aimed at curbing climate modification. The last international clinical consensus on climate change was released in 2021 through the Intergovernmental Panel on Climate Change, however scientists state that proof shows worldwide warming and its impacts are unfolding faster than expected. Here is a few of the latest climate research: 1.5 C BREACHED? The world may currently have hit 1.5 degree Celsius (2.7 F) of warming above the typical pre-industrial temperature - a. critical threshold beyond which it is at danger of permanent. and severe environment modification, scientists state. A group of scientists made the suggestion in a research study. released on Monday based on an analysis of 2,000 years of. atmospheric gases trapped in Antarctic ice cores that extends. the understanding of pre-industrial temperature trends. Researchers have generally measured today's temperature levels. against a standard temperature level average for 1850-1900. By that. procedure, the world is now at nearly 1.3 C (2.4 F) of warming. But the brand-new data recommends a longer pre-industrial baseline,. based on temperature data covering the year 13 to 1700, the. research study released in the journal Nature Geoscience stated. In any case, 2024 is certain to be the warmest year on. record. SUPERCHARGED CYCLONES Not just is ocean warming fuelling more powerful Atlantic storms,. it is likewise triggering them to heighten more quickly, for instance,. jumping from a Classification 1 to a Classification 3 storm in just hours. Growing evidence shows this is true of other ocean basins. Typhoon Milton required only one day in the Gulf of Mexico. in October to go from hurricane to the Gulf's second-most. effective typhoon on record, slamming Florida's west coast. Warmer air can also hold more moisture, assisting storms bring. and ultimately launch more rain. As an outcome, hurricanes are. delivering flooding even in mountain towns like Asheville, North. Carolina, inundated in September by Hurricane Helene. WILDFIRE DEATHS Global warming is drying waterways and sapping wetness from. forests, producing conditions for bigger and hotter wildfires. from the U.S. West and Canada to southern Europe and Russia's. Far East creating more harmful smoke. Research study published last month in Nature Environment Modification. calculated that about 13% of deaths associated with poisonous. wildfire smoke, approximately 12,000 deaths, during the 2010s could be. credited to the environment effect on wildfires. CORAL WHITENING With the world in the throes of a 4th mass coral. lightening occasion-- the biggest on record-- scientists fear the. world's reefs have actually passed a defining moment. Scientists will be studying bleached reefs from Australia to. Brazil for indications of recovery over the next couple of years if. temperatures fall. AMAZON ALARM Brazil's Amazon is in the grips of its worst and most. extensive drought because records began in 1950. River levels. sank to lowest levels this year, while fires wrecked the. rain forest. This adds concern to clinical findings previously this year. that in between 10% and 47% of the Amazon will face combined. stresses of heat and drought from environment modification, along with. other risks, by 2050. This could push the Amazon past a tipping point, with the. jungle no longer able to produce enough wetness to satiate its. own trees, at which point the ecosystem could transition to. broken down forests or sandy savannas. Worldwide, forests seem struggling. A July study discovered that forests in general in 2015 failed to. take in as much carbon dioxide from the atmosphere as in the. past, due mainly to the Amazon drought and wildfires in Canada. That suggests a record amount of CO2 entered the atmosphere. VOLCANIC SURGE Researchers fear environment modification could even boost volcanic. eruptions. In Iceland, volcanoes seem reacting to fast. glacier retreat. As ice melts, less pressure is applied on the. Earth's crust and mantle. Volcanologists stress this could destabilize lava. tanks and appears to be causing more lava being. created, building up pressure underground. Some 245 volcanoes throughout the world lie under or near ice. and could be at danger. OCEAN DOWNTURN The warming of the Atlantic could hasten the collapse of a. key present system, which scientists alert could already be. sputtering. The Atlantic Meridional Overturning Circulation (AMOC),. which transports warm water from the tropics to the North. Atlantic, has actually helped to keep European winters milder for. centuries. Research study in 2018 showed that AMOC has damaged by about 15%. given that 1950, while research study published in February in the journal. Science Advances, suggested that it could be closer to a. crucial downturn than previously believed.

• Australian iron ore giants' shares sink on disappointing China stimulus

  Shares in Australia's iron ore miners slumped on Monday after another round of stimulus steps by their leading consumer China dissatisfied financiers who had actually hoped for procedures that would enhance products demand. Iron ore costs moved to their lowest in more than two weeks on Monday after China's newest $1.4 trillion bundle unveiled on Friday used no direct financial stimulus. BHP Group, the world's largest noted miner, lost around 4% in its worst day in more than six months, while the world's most significant iron ore manufacturer Rio Tinto shed 3.1%. to clock its worst day considering that mid-August. Fortescue, Australia's third-biggest and the. world's fourth-largest iron ore producer, ended the day more. than 7% at a loss at its near seven-week low. Not only has China's current stimulus package fallen short. of investor expectations, however the weekend's fresh. frustrations from the inflation report and FDI information have also. strengthened the view that China is still far from supporting its. beleaguered economy, Hebe Chen, a market analyst at IG, said. This bleak outlook, sadly, casts an even darker. cloud over Australian miners. Mining stocks were the most significant drag on the Australian. benchmark index, which ended the session 0.4% lower. A possible hit to the Chinese economy, already plagued by. financial obligation, deflation, and weak need, from threatened U.S. tariffs,. could also injure demand for Australia's most significant exports to China. - iron ore and coal. Experts at Citi recently forecast a grim near-term outlook. for iron ore rates, expecting iron ore to typical $85 per tonne. in 2026 down from approximately $105 per tonne on Nov. 11. Additional supply from Simandou in Guinea, incremental. supply from Australia and Brazil, and general weak demand from. Chinese customers at a time when steel manufacturers are trying to. lower their carbon emissions will pressure iron ore costs,. Citi analysts said.

• Brazil reveals brand-new climate modification promise ahead of COP29 top

  Brazil announced details of its brand-new climate modification pledge late on Friday night that sets a target to decrease the country's greenhouse gas emissions by 2035, which it will present during the United Countries climate top COP29 in Azerbaijan, according to a. government declaration. WHY IT is necessary Brazil is the largest country in Latin American and one of. the world's most significant emitters of climate-warming co2. The U.N. has actually stated nations must do more if the world is to. keep within reach of the Paris Contract target to restrict international. temperature increases to 1.5 degrees Celsius (2.7 Fahrenheit), in. order to prevent disastrous climate modification. The international. body had actually requested brand-new pledges by February of 2025. BY THE NUMBERS The brand-new target aims to reduce emissions by 59% to 67% by. 2035, as compared to 2005. Brazil had actually previously set a target of. a 53% decrease by 2030. ESSENTIAL QUOTE This dedication will permit Brazil to move towards environment. neutrality by 2050, the long-term goal of the climate. dedication, stated the federal government in the statement. CONTEXT The federal government says its target aligns with the global 1.5 C. goal, but Brazilian lobby group Environment Observatory stated that it. is not ambitious adequate to match up with the global target. It said, nevertheless, that a complete analysis of the promise will. only be possible when Brazil's federal government makes the official. documents of the environment promise - referred to as a Nationally. Figured out contribution - available.

• Man shot dead at Brazil's Sao Paulo global airport

  A man was shot and eliminated on Friday afternoon at Sao Paulo's worldwide airport, Brazil's busiest, authorities said, with local media reporting the murder was likely connected to arranged criminal activity. Sao Paulo state's security secretary said in a statement the murder, and its cause, were still under examination. 3 other people, a female and 2 males, were injured in the shooting and the two guys were taken to a neighboring hospital, authorities said without giving any additional information. The airport operator stated police and medical groups had been called to the scene. Videos on social networks showed the shooting occurred in the arrival area of Terminal 2, however cops did not verify that information.

• Biden's Amazon check out comes as United States climate policy to move under Trump

  Joe Biden will become the first sitting U.S. president to go to the Brazilian Amazon when he takes a trip to Manaus later on this month, a symbolic journey given the United States is likely to see a remarkable modification in climate policy under Presidentelect Donald Trump. The White House confirmed late on Thursday that Biden had consisted of a see to Manaus, a city of 2 million people in the heart of the world's largest rainforest, to his South American tour of Brazil and Peru in between Nov. 14 and 19. Reuters had actually initially reported last month that Biden was anticipated to make it to the rainforest ahead of a G20 top in Rio de Janeiro, where he will meet Brazilian counterpart Luiz Inacio Lula da Silva. In Manaus, President Biden will go to the Amazon rain forest to engage with regional, indigenous, and other leaders working to preserve and secure this crucial environment, the White Home stated in a statement. Scientists consider the Amazon's security important to suppressing environment change since of the huge amount of climate-warming co2 its trees take in. Leftist Lula has actually pledged to end deforestation in the location by 2030. Biden and Lula have actually agreed when it pertains to climate policy. The Democrat in 2015 promised to ask for $500 million from the U.S. Congress to support the Brazilian-administered Amazon Fund. Things, however, ought to alter drastically when Trump returns to power in January. The Republican politician has actually called climate alter a hoax and stated he prepares to withdraw the U.S. from the landmark 2015 Paris Contract on climate. Trump's policies are viewed as closer to those of Brazil's. former reactionary President Jair Bolsonaro, who has actually been called. Trump of the tropics and rolled back environmental protections. throughout his 2019-2022 term. Lula earlier today praised Trump on his triumph. and stated the world required discussion and joint work. He later. had a call with Biden to discuss the U.S. leader's journey to. Brazil. Lula repeated his relationship and appreciation for President. Biden and highlighted the strong state of Brazil-U.S. relations. over the last few years, Lula's office said. They both highlighted the nearness of priorities between. the two governments on promoting the energy transition. Biden's visit to the Amazon follows a comparable trip by French. President Emmanuel Macron, who was in the jungle in March. Brazil will host the COP30 climate top in Belem next year.

• Brazil funding of green jobs from sustainable bonds off to a sluggish start

  Brazil is still in the early stages of funding environmental projects with profits from its initially sustainable sovereign bonds but expects to satisfy due dates in the bonds' terms, the Treasury said on Friday. Of the 20.5 billion reais ($ 3.6 billion) raised through two bond concerns in November 2023 and June 2024, 9% - or 1.9 billion reais - was assigned to environmental tasks through July, a. Treasury report revealed. Both issues, which were well gotten by financiers, called. for 50-60% of the funds to go to environmental efforts and. 40-50% to social efforts. The government has 24 months from. the problem dates to put the cash to work. The Treasury's basic planner of tactical planning for. public financial obligation, Luiz Fernando Alves, informed a press conference that. the timeline will be satisfied. Implementation has actually been slowed by the procedure of structuring. environmental jobs and carrying funds to them, he stated. The cash streams through a climate fund managed by advancement. bank BNDES. The government moved 10.4 billion reais to the bank in. April for the work. Considering that the funds reached BNDES at the end of April, it was. in May and June that tasks began to be structured, said. Alves. The time was brief in between the fund allocation to the. Climate Fund and this entire process. President Luiz Inacio Lula da Silva has been attempting to. position Brazil, Latin America's biggest economy, as a top. destination for green investment. Social costs has actually taken in 8.2 billion reais of the bond. earnings.

• Brazil takes legal action against Italy's Enel for power failure reparations

  Brazil's lawyer general's office stated on Friday that it is taking legal action against Italy's Enel for 260 million reais ($ 45.12 million) in collective restitution due to damages triggered by last month's power interruption in Sao Paulo, Latin America's biggest city. It likewise asked for individual settlement for all customer systems that stayed without power for more than 24 hr during the interruption, with an estimated total expense of at least 757 million reais. The asked for specific settlement amount is of at least 500 reais each day per unit, to be paid through a discount on electrical energy expenses. Contributed to the collective settlement, the overall amount to be asked for from Enel might exceed 1 billion reais. Countless customers were impacted after a violent wind tore down power lines and triggered a blackout in Sao Paulo in October, with a few of them excluded of power for days. Brazilian energy regulator Aneel opened an administrative procedure against Enel last month. The Italian energy group said in reaction to a request for remark that it enhances its commitment to customers and restates it has actually long been investing to improve its services in Brazil. From 2024 to 2026, the company has further increased its financial investments to approximately 2 billion reais annually, totaling 6.2 billion reais, it added. The ongoing plan focuses on strengthening and updating the networks, automating systems, and broadening consumer interaction channels.

• Brazil's Petrobras to look for vessels for Sergipe job by year-end

  Brazilian staterun oil company Petrobras will release a brand-new tender for companies to provide two offshore oil production vessels for its Sergipe state deepwater task by the end of this year, an executive said on Friday. The company failed to draw in interest in a previous bid to safe and secure vessels, which has actually resulted in hold-ups in the job that was supposed to begin production in 2028. Petrobras has actually already structured the tender and sent it to its partners in the job for input, its executive officer for engineering, technology and development Renata Baruzzi told reporters during a call to discuss its third-quarter outcomes. The company has changed the tender to make cashflow and financing more appealing to possible bidders, stated Baruzzi. When both proposed vessels are running at complete capability, they would increase Brazil's oil production by 240,000 barrels each day and its natural gas production by about 22 million cubic meters per day, according to info from previous Petrobras bids.

• Brazilian companies promote U.S. plants, leaning into Trump trade wars

  2 of Brazil's. most significant commercial firms, steelmaker Gerdau and. plastics manufacturer Braskem, are currently promoting their. substantial U.S. operations as a hedge versus the danger of. protectionism from Presidentelect Donald Trump. Trump has actually floated the idea of a 10% or greater tariff on all. goods imported into the United States, a relocation he states would. eliminate the trade deficit, while threatening a 200% tariff on. some imported cars, especially from Mexico. On calls with financiers today, Gerdau and Braskem were. quick to point out that a large chunk of their services are. located in the United States, positioning them to actually enhance. earnings if those policies take effect. Gerdau's Chief Financial Officer Rafael Japur told an. incomes call that Trump's steps are anticipated to be positive. for U.S. steel demand, helping its steelmaking plants there. The Brazilian steelmaker, which runs 11 long and unique. steel production units in the U.S. and Canada, also promoted the. benefits of a stronger dollar for its Brazilian operations,. where it would take on more costly imports. Gerdau shares leapt in Sao Paulo on the U.S. election. outcomes, surpassing peers with more direct exposure to the Brazilian. market such as Usiminas and CSN. Following Trump's success, we see Gerdau as a key. beneficiary in the area, experts at BTG Pactual stated in a. note to clients, including that the Republican politician's trade policy could. imply a stronger-for-longer pricing environment. Trump's protectionist method and concentrate on bolstering U.S. industry would even more suppress direct and indirect steel imports,. the analysts stated, keeping in mind that potential business tax cuts. might likewise support Gerdau's financial efficiency. Petrochemical producer Braskem, which is owned by state-run. oil giant Petrobras and engineering group Novonor as. significant shareholders, might likewise gain from Trump's policies. Braskem CFO Pedro de Freitas told reporters on Thursday that. it was a crucial domestic provider of polypropylene to the U.S. automotive market, which stands to gain from Trump's. protectionism. Braskem has five polypropylene plants in U.S. states from. Pennsylvania and West Virginia to Texas - all of which threw. their support to Trump in his election win against Democratic. Vice President Kamala Harris this week. The U.S. represent 15% to 20% of Braskem's core profits,. Freitas stated. Both Braskem and Gerdau likewise urged Brazil to lean into what. might be a brand-new trade war, imposing tariffs to secure the. Brazilian market in the face of U.S. protectionism. Brazilian steelmakers have long prompted the federal government to. impose taxes to fight what they consider disposing practices. from Chinese suppliers who have flooded the market with cheap. items. Last month, Brazil's government responded with approximately. 25% import tariffs. Gerdau CEO Gustavo Werneck said those tariffs should increase to. a minimum of 35% as steel that was being offered to the U.S. may now. be directed to other areas, consisting of Brazil. China has. managed to offer steel to Brazil even with the 25% levy, he stated. Braskem's Freitas had a comparable view. If the U.S. is more closed, those who were selling there. will sell in other places - and products will concern Brazil, he. stated. New tariffs in Brazil must use Braskem some short-term. aid, experts say, pointing to the increase in the import tax. for polyethylene, polypropylene and PVC from 12.6% to 20%.

• COP29 climate agenda clouded by trade tensions ahead of top

  China has actually put trade talks onto the proposed agenda for the COP29 summit, a. U.N. document showed, raising the prospect that the problem could. disrupt the start of international climate talks. The draft agenda for this year's environment top, published. on Friday, consists of a Chinese proposal, formerly reported by. Reuters, for talks on carbon border taxes and other limiting. trade measures that Beijing states hurt establishing nations. Delegates at the conference must embrace the summit agenda by. agreement as their first task when the COP29 talks start on Nov. 11 in Baku, Azerbaijan. However some diplomats said the European Union is most likely to. oppose the Chinese proposition. Failure to approve the program might postpone the start of. settlements - cutting into the time left for the primary task of. authorizing potentially hundreds of billions of dollars in new. funding to address environment change. China sent the trade talks proposal on behalf of the. Standard group, which also includes Brazil, India and South Africa. We will speak about it, relentlessly, South Africa's. Environment Minister Dion George informed Reuters. George stated BASIC countries believe the U.N. talks is the. appropriate forum in which to discuss climate-related trade. policies, consisting of the EU's carbon border levy. Fundamental nations have actually been strong critics of the EU carbon. border policy, which from 2026 will impose costs on imports of. high-carbon goods, including steel and cement. We are displeased about it and we do not think it's good for. our economy, George said, including that South Africa and China. are having extreme discussions with the EU. A European Commission representative decreased to comment. The EU has formerly stated disputes over trade should be. dealt with at the World Trade Company. One European mediator informed Reuters that it had always. been a no-go to talk about trade procedures such as carbon border. levies at U.N. environment summits. The arbitrator expressed issue that the BASIC proposition was. meant to prevent discussions at COP29 on cutting CO2. emissions and financing from moving on. A fight over the program at a round of U.N. environment. negotiations in 2023 did not get resolved for more than a week,. effectively killing off progress at the talks.

• Petrobras posts 22% boost in quarterly earnings, reveals $3 billion in dividends

  Brazilian staterun oil firm Petrobras on Thursday reported an increase of around 22% in its thirdquarter net revenue, and revealed $3. billion in dividends. The business posted a net profit of 32.6 billion reais ($ 5.7. billion) for the quarter ended in September. Adjusted profits before interest, taxes, depreciation and. amortization (EBITDA) landed at 63.7 billion reais, marking a. 3.8% decrease year on year but matching experts' expectations. pooled by LSEG. Its net profits from sales increased by 3.8% to 129.6. billion reais, topping the expectation of 125 billion reais. In a different filing, Petrobras stated its board had authorized. administering 17.12 billion reais ($ 3 billion) in dividends, or. 1.3282 genuine per share. The company in the third quarter invested about $4.5 billion,. around 31% more than in the same period of 2023, it said, the majority of. of it on exploration and production. This shows our dedication to providing our. projects and executing our Strategic Plan diligently, stated. Chief Financial Officer Fernando Melgarejo in the revenues. report. In August, Petrobras lowered its organized investments for this year to in between $13.5. billion and $14.5 billion, from $18.5 billion formerly. So far. the company has invested around $10.9 billion in 2024. Last month the firm said its oil production in Brazil in the 3rd quarter was down 8.2% on a. year-on-year basis, to 2.13 million barrels per day.