Latest news with #EspiritoSanto
Bloomberg
04-07-2025
- Business
- Bloomberg
Portugal Stocks Recover From 2014 Crisis, Helped by Foreign Cash
Portuguese stocks hit a 14-year high, finally recovering from losses that followed the biggest bank failure in the country's modern history. Lisbon's benchmark PSI equity index rose 0.5% to the highest since May 2011. It topped 7,790.56 points in intraday trading for the first time since the collapse of the Espirito Santo banking empire threatened Portugal's reputation among international investors more than a decade ago.
Daily Mail
23-06-2025
- General
- Daily Mail
Terrifying video shows second hot-air balloon veering off course after tragedy that killed eight
A hot-air balloon veered off course and made a terrifying landing just one day after another balloon disaster tragically left eight passengers dead in Brazil. The latest frightening incident occurred Sunday in Pancas in the state of Espirito Santo, with video showing the balloon descending in an area of dense trees. The balloon was carrying seven people, including the pilot, who told Brazilian news outlet G1 that a lack of wind forced the emergency landing. 'It was a safe and normal landing,' the pilot, Djeison Miler, assured. Voe Pancas, the company that owns the balloon and charges $117 per person for a 30- to 45-minute ride, said in a statement that the balloon never plummeted and 'it landed in a difficult-to-access location.' The incident took place than 24 hours after eight people were killed and 13 were injured when hot-air balloon caught fire in the state of Santa Catarina. Footage showed flames and smoke coming from the balloon before it began hurtling toward the ground. In a separate video, two people can be seen falling from the balloon as the fire spread. Santa Catarina Civil Police chief Ulisses Gabriel revealed that the wind was 'quite strong' and that several people had to hold the balloon when it first took off. 'There was a truck pulling the balloon with a cable, which was moving very intensely from side to side,' he told Globo News. On Sunday, a passenger in the second balloon captured numerous images and videos of the trip. 'I was in the balloon. It didn't fall,' Priscila Vasconcellos she wrote on social media. 'It just landed in an unexpected place. The crew kept us safe and provided all assistance.' Another passenger, Linda Morena, took to social media to commend the pilot for landing the balloon safely. 'I was there, the balloon didn't fall, no one was hurt,' she wrote. 'We just made the landing there intentionally and preserving safety for various reasons of weather. We weren't out of control.' View this post on Instagram A post shared by Priscila Vasconcellos (@priscilabvasconcellos) The incident took place than 24 hours after eight people were killed and 13 were injured when hot-air balloon caught fire in the state of Santa Catarina Voe Pancas, the company that owns the balloon, said in a statement that it did not fall but that it 'landed in a difficult-to-access location' Just a week earlier, a hot-air balloon crashed in the state of São Paulo, killing a 27-year-old pregnant passenger and injuring 11 others. Video footage showed the balloon beginning to lose altitude while a second clip showed it violently crashing into a wooded area. The victim and her husband had recently married and took the balloon ride to celebrate Valentine's Day, which is celebrated in Brazil on June 12.
New York Times
06-06-2025
- Business
- New York Times
Morgan Gibbs-White staying at Nottingham Forest would be another sign of intent
If you cast your mind back a year, there were a few Sliding Doors moments for Nottingham Forest. The deal to sign midfielder Elliot Anderson — effectively for £15million ($20.4m at the current rate) from Newcastle United — almost immediately felt like one of the bargains of the summer, while the arrival of Nikola Milenkovic from Fiorentina managed to take the quality of their entire back-four up a level. Advertisement The sales of goalkeeper Odysseas Vlachodimos (£20million, Newcastle), defender Moussa Niakhate (£27m, Lyon) and Orel Mangala (£15m, also to Lyon, following his previous loan with the French club) all helped Forest to stay on the right side of profit and sustainability regulations (PSR). But as the dust settles on a memorable season, it is difficult to escape the thought that some of the most significant catalysts for the impressive rise under Nuno Espirito Santo during 2024-25 were the deals not done in that window. There was a concern Forest would have to cash in on either Morgan Gibbs-White or Murillo — the Brazilian who retains the unusual talent, for a defender, of being truly exciting to watch — to keep themselves out of PSR trouble. But those deals for Vlachodimos, Mangala and Niakhate — along with the sale of defender Joe Worrall to Burnley for around £7million — helped mitigate that possibility. Forest retained their best players, then added to them. This was a major factor in helping them go from being a team who had fought against relegation in the previous two seasons, to one still battling for a Champions League place in the campaign's final weeks. What happens in terms of transfers over the next few months could be a statement of intent again. And that does not just refer to the players Forest are going to sign — a process which has already started with the impending triple addition of striker Igor Jesus, left-back Cuiabano and central defender Jair Cunha from Brazilian side Botafogo — it is also about holding onto what they've got. There has been a familiar sense of deja vu at the City Ground in recent weeks amid interest from Manchester City in Gibbs-White. The Forest talisman was — and still is — on a shortlist of potential targets for the deposed Premier League champions as they look to bolster their options in attacking midfield in a summer that will see the departure of long-time star Kevin de Bruyne. Advertisement It had been expected, including behind the scenes at the club, that Forest might therefore find themselves needing to recruit in the No 10 role. They were not actively seeking to sell the player who became their record signing when he joined from Wolverhampton Wanderers in a summer 2022 move that was potentially worth £42.5million. But — for the second year running — Forest have been braced for the prospect of finding themselves in a battle to keep Gibbs-White, with an offer too good to turn down in front of them. That prospect has not gone away entirely, but City's imminent signing of Milan and Netherlands midfielder Tijjani Reijnders, in a deal that is expected to be worth around £46m, will likely be followed by a move for Lyon counterpart Rayan Cherki. While Gibbs-White will remain on City's shopping list, it appears his name might not be as high on it as many envisaged. There also remain many other variables. Not least the fact that clubs other than City will be monitoring Gibbs-White's position, with the 26-year-old England international having demonstrated his value emphatically again during a season in which Forest pushed for a top-five finish for many months. It could still be a long summer. But if Forest can keep hold of him again, along with the likes of Murillo, Milenkovic and winger Anthony Elanga — who have all seen their stock rise rapidly — it would be just as big a statement of intent as any potential new addition. Forest's plan this summer is to make five or six quality additions in an attempt to create the strength in depth head coach Nuno will need to help his side compete in the Conference League, where they are a two-leg play-off in August away from the six-match league phase. This will be Forest's first foray into continental competition in three decades, and the ambition is for the two-time European champions to win a trophy, having watched fellow Premier League side Chelsea triumph in the Conference League last season. Advertisement Nuno is already armed with a starting XI good enough to compete with most sides in the domestic top flight, and Gibbs-White is one of its cornerstones. When Nuno — a man who did not always give Gibbs-White the opportunities he craved during their four seasons together at Wolves from 2017-21 — was appointed Forest coach in December 2023, there was a concern it might hamper the player's progress in Nottingham. But the relationship between the two is closer than many might have believed. 'I know him so well that we no longer need to talk any more (to understand each other),' Nuno said of Gibbs-White in March. Gibbs-White started 34 of Forest's 38 league games last season, finishing with seven goals and eight assists. He had distractions to deal with, one of them being transfer speculation — which was not helped when City manager Pep Guardiola could be seen whispering in his ear on the Wembley pitch following Forest's defeat in the FA Cup semi-finals in April. The other has been the debate over whether he was ready for a regular role in the England side. Gibbs-White was only called up as a late addition during the March international break due to injuries to others, but his performances once he got there were enough to earn him another call-up for the games against Andorra on Saturday and Senegal on Tuesday — the latter of which will be in familiar surroundings, at the City Ground. His selection is proof he can remain on head coach Thomas Tuchel's radar during the build-up to next summer's World Cup finals while playing for Forest. Gibbs-White — who captains Forest when Ryan Yates is not in the starting line-up — has become a father during his three seasons in Nottingham and his partner is now expecting their second child. As Nuno puts it, a player raised 41 miles (67km) away in Stafford has 'become a man' here. 'Just leave Morgan to do his job and enjoy his football. When he does it, it is amazing,' Nuno said in a news conference ahead of the game against Leicester last month. Gibbs-White responded by scoring in that match and again a week later at West Ham, when a 2-1 win kept Forest's Champions League hopes alive heading into the season's final day. Advertisement Having reported a profit of £12.1million in their most recent set of accounts, Forest believe they are operating comfortably within PSR this time around; there seems no danger of repeating the four-point deduction they received for breaching those regulations during the 2023-24 season. The potential sale of midfielder Danilo to, again, Lyon could add as much as £20million to the kitty for strengthening the squad, as would any fee they can recoup for goalkeeper Matt Turner, who could also join the Ligue 1 side after his season on loan at Crystal Palace. If Gibbs-White does add to his current total of two caps at the City Ground next week, it will be a special moment for him. And if Forest can then retain his services again past the summer window's deadline on September 1, it should not be the last of those he enjoys on the banks of the Trent.
Reuters
30-05-2025
- Business
- Reuters
Brazil 2025 Robusta harvest in full swing and could beat estimates, experts say
SAO PAULO, May 30 (Reuters) - Brazil's 2025 Robusta coffee crop collection, including the Conilon variety, is advancing strongly and could beat initial estimates, industry experts told Reuters this week, as the harvest weighs on prices. "Field reports indicate strong yields, and expectations are that the crop may even exceed initial forecasts," said Jonas Ferraresso, a coffee agronomist who advises Brazilian farmers. Public and private sources are pointing towards a record crop, Ferraresso said. Crop collection for Cooabriel - Brazil's largest Conilon coffee cooperative - in the state of Espirito Santo is in full swing, the organization's President Luiz Carlos Bastianello said in an interview, estimating that around 25% of the total harvest had been completed. According to broker StoneX, 23.4% of Brazil's expected 2025 Robusta crop had been harvested as of May 26. "The expectation we have now is really for a larger harvest, possibly larger than the 2022 harvest, a harvest with reasonably good quality as well," Bastianello said, adding that production in Espirito Santo is forecast at over 17 million 60-kilogram (132.3 lb) bags. In the 2022 harvest, some 16 million 60-kilogram bags were harvested, Bastianello said. Unseasonable rainfall in the region during the current harvest is not an issue and could suggest a good Conilon crop in 2026, he added. Prices for the commodity have declined as the new crop is collected, said Fernando Maximiliano, coffee market intelligence manager for broker StoneX in Brazil. "Robusta coffee (prices) have been falling significantly in recent weeks. This is already a sign of the arrival of this new harvest," Maximiliano said. Earlier this week, Robusta coffee futures on ICE fell to a 5-1/2 month low of $4,550 per metric ton. The potential for a record crop is causing "significant urgency" among Robusta growers to harvest and sell, Ferraresso said. "The concern now is how this increased supply might affect prices in the coming months."
Daily Mail
27-05-2025
- Business
- Daily Mail
Nottingham Forest transfer news: Their four targets, latest on Morgan Gibbs-White and Manchester City and the impact of PSR
No Champions League, but undoubtedly an enormously successful season has come to a close for Nottingham Forest. No one expected Nuno Espirito Santo 's side to challenge the big boys this campaign - outside the club, that is - and yet for the majority of it they were in the top three, only to suffer a late slip and end up seventh.
