Latest news with #SãoPaulo
New York Times
9 hours ago
- Health
- New York Times
Corrections: June 28, 2025
An article on Friday about the impact that Republican efforts to reduce federal funding flowing to schools has had on Johns Hopkins University misstated the source of a Trump administration plan to cut about 40 percent of the budget for the National Institutes of Health. It is contained in a budget proposal, not in the Trump policy bill under consideration in Congress. An article on Thursday about U.S. rivals celebrating the Trump administration's decision to cut its support for Voice of America and Radio Free stations referred incompletely to the number of followers on Radio Free Europe/Radio Liberty's Instagram accounts. It has 44,500 followers on its English-language account and a total of 17.4 million followers across the network's various language services. It does not have a total of 44,500 followers. An article this weekend on Page 12 about the Brazilian artist Luana Vitra includes outdated information. Hélio Menezes is no longer the director of the Museu Afro Brasil in São Paulo. Errors are corrected during the press run whenever possible, so some errors noted here may not have appeared in all editions. To contact the newsroom regarding correction requests, please email nytnews@ To share feedback, please visit Comments on opinion articles may be emailed to letters@ For newspaper delivery questions: 1-800-NYTIMES (1-800-698-4637) or email customercare@
Yahoo
20 hours ago
- Sport
- Yahoo
🎥 Head to head: Palmeiras v Botafogo before another big clash
🎥 Head to head: Palmeiras v Botafogo before another big clash Palmeiras and Botafogo will have another decisive duel this Saturday (28) in the recent history of both teams. This time, the victory is worth a spot in the quarterfinals of the Club World Cup. The OneFootball compared the two probable starting teams for the game and you can see the result below: This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.
Reuters
a day ago
- Business
- Reuters
Brazil central bank sees rate cut debate as premature, says official
June 27 (Reuters) - Brazil's central bank is not currently discussing potential interest rate cuts, director Diogo Guillen said on Friday, reaffirming that policymakers remain focused on bringing inflation back to target over the relevant horizon. "That seems like a very distant debate," he said at an event hosted by Barclays in Sao Paulo, adding it would be "far too premature" to talk about what might lead the bank to ease borrowing costs. Earlier this month, the central bank raised its benchmark interest rate by 25 basis points to 15%, a near two-decade high, and signaled it expects to hold it steady for a "very prolonged" period. Guillen said the pause was announced to assess whether the cumulative 450-basis-point increase since September had been enough. "As the cycle evolves, you reach a more contractionary interest rate level, which also allows more time to observe the lagged effects (of monetary policy)," he added. Guillen also emphasized that the central bank is targeting the midpoint of the inflation goal, set at 3%, and aims to reach it within the relevant monetary policy horizon, which currently extends to the fourth quarter of 2026. Brazil's economy has "undoubtedly" shown resilience, but there are signs of a slowdown in growth, he added. Guillen said that the debate over the reasons behind recent economic strength involves several hypotheses involving stronger consumption, credit expansion, labor market dynamics and the effects of social benefits.
Reuters
a day ago
- Business
- Reuters
Brazil Arabica crop harvest advances but many cherries found on ground, experts say
SAO PAULO, June 27 (Reuters) - Brazil's 2025 Arabica coffee crop harvest is advancing in key areas though lots of cherries have fallen to the ground in some places, two experts told Reuters this week, as more positive production forecasts and lower expected demand suppress prices. Cooxupe, the largest coffee cooperative in the world's top exporter, has harvested just over 24% of the expected crop so far but many ripe cherries in some areas had fallen to the floor, the group's technical development manager, Mario Ferraz de Araujo, said on Thursday. "This will definitely affect the quality of this coffee," he said, citing earlier flowering plants as among the most affected. The harvest is well advanced in some regions though some producers are waiting for later-ripening varieties to mature before getting started, Jonas Ferraresso, a coffee agronomist who advises Brazilian farmers, said on Wednesday. The issue of fallen cherries was also prevalent in Ferraresso's findings. "The concern is that in some regions, these fallen cherries have been on the ground for over 40 to 60 days. With recent rainfall and high soil moisture, there is a risk that the cherries may germinate before collection," he said, adding that germinated coffee cannot be sold and is worthless. Some places in the states of Sao Paulo, Minas Gerais, and Parana have reported light to moderate frost, Ferraresso said, adding a full assessment of the damage will take a few days. Videos shared among coffee farmers in the south of Minas Gerais and seen by Reuters showed the leaves of some coffee plants covered in frost. Overall, better production estimates and falling demand have pushed Arabica prices down 17% over the last three months, Carlos Mera, head of agricultural commodity markets research at Rabobank, said in a research note on Tuesday. However, even as the 2025 harvest gains pace, the outlook for selling it is anyone's guess, he added. "Farmers are well capitalized, and they will probably wait to see if there is any frost risk over the Southern Hemisphere winter or any dry and hot weather pattern that may affect the next flowering process before becoming keen sellers," Mera said.
Reuters
a day ago
- Business
- Reuters
Brazil corn ethanol boom covers demand as country hikes biofuel mandate
SAO PAULO, June 27 (Reuters) - Growth of Brazil's corn ethanol sector has become key to meeting the country's growing demand for the renewable fuel under a new government mandate to use more ethanol in gasoline, even as sugarcane-based ethanol output has stagnated. Brazil is the world's largest producer of ethanol from sugarcane, but output has flattened since the turn of the decade, while corn ethanol production has more than tripled, according to data from sugar and ethanol industry group UNICA. In the 2024/25 cycle, corn ethanol output in Brazil's center-south region rose nearly 31% from the year before to 8.19 billion liters, according to an UNICA report. On Wednesday, Brazil's government approved a measure hiking the mandatory blend of ethanol in gasoline to 30%, from 27% previously, which will require well over 1 billion more liters of ethanol per year. "Thanks to corn ethanol, we are increasing the blend to 30%, right? If it weren't for this increase in production, we wouldn't be able to implement this policy," said Guilherme Nolasco, president of the corn ethanol industry group UNEM. Brazil's government initially put off raising the ethanol blend in gasoline this year, which some attributed to concerns it could push up prices. By the time officials confirmed the move this week, they were touting it as a way to bring down prices at the pump. Amance Boutin, business development manager at consultancy Argus, said the decision to implement the new biofuel mandate from August is a vote of confidence in the capacity of the corn ethanol sector to keep ramping up production. At the same time, cane growers in Brazil, which is also the world's top exporter for sugar, are expected to maintain their preference for producing the foodstuff over fuel, said Gabriel Barra, director and head of Latin American equity research for oil and gas, petrochemicals and agribusiness at Citibank. "Sugar will continue to take a large part of this mix from sugarcane processing," Barra said. "Ethanol will most likely continue to lose this competition." In March, Citi forecast corn ethanol production in Brazil would hit 16 billion liters by 2032, a sentiment echoed by UNEM's Nolasco. "We have the capacity to double current production by 2032," Nolasco said. According to UNEM, corn ethanol represents 23% of current ethanol production in Brazil and it expects it to grow to account for 40% of the fuel's output over the next decade. At an industry event in Sao Paulo this month, UNICA Chief Executive Evandro Gussi said Brazil is not concerned about whether ethanol comes from sugar, corn or another source, as long as it has low carbon emissions and does not deprive the country of needed food. "In terms of biofuel and ethanol. Brazil … is not the land of 'either' - either this or that," said Gussi, adding he expected both corn- and cane-based ethanol production to grow. Some in Brazil's corn sector are already pushing to expand other crops for use in ethanol production, with sorghum a viable option for farmers who miss the planting window for the country's second corn crop. Increasing the output from sugarcane crops will be crucial to luring fresh investments and boosting the sugar-energy sector, said Cesar Barros, CEO of sugarcane research company CTC, blaming the recent doldrums on a lack of innovation. By contrast, corn has benefited from years of research and development by major multinationals, Barros said. Corn is the crop of choice for the world's biggest ethanol producer, the U.S. "In the same 20-year horizon in which corn doubled its productivity in Brazil, sugar cane practically stagnated, with average productivity increasing very little," Barros said. In April, following years of research, CTC announced the launch of a number of new products that it said will help double the output of sugarcane on Brazilian fields by 2040. "Doubling sugarcane productivity in the next 20 years will ... enable new investments, whether in new plants or in increasing capacity," Barros said.
