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Some Russian warships arrive in Cuba after exercises; Havana and Washington rule out risk to the region.

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USA monitors visitors , but does not see the maneuver as a ‘ foreshadowing of national security ‘.

A group of Russian warships arrived at the Port of Havana, in Cuba, this Wednesday (12) for military exercises off the coast of the Caribbean island. In agreement with the Commander-in-Chief of the Russian Navy, Alexander Moiseev, the operation takes place within the framework of international cooperation between Russia and Cuba. 

According to the military leader, arrival at the islet is one of the objectives of the Russian Navy detachment’s long- range trip , during which the Russian fleet carried out exercises “with high- precision missiles” in the Atlantic Ocean. Moissev reported that the frigate “Admiral Gorshkov” has modern weapons on board and the nuclear submarine Kazan will also join the Russian fleet in Cuba for the exercises. 

As part of the training , the crews of a frigate and a nuclear-powered submarine missile cruiser are practicing the use of high -precision missile weapons using computer simulation against naval targets that represent naval groups of a mock enemy and are located at the range of more than 600 kilometers,” the Russian Navy reported.

The Russian Navy’s plans include meetings with the Cuban navy command and the governor of Havana. Russian Navy ships will be in the port of Havana between June 12th and 17th. 

Commenting on the visit of Russian ships, the Cuban Foreign Ministry stated that the arrival of the Russian Navy corresponds to the friendly relations between Havana and Moscow and strictly complies with international rules. The Cuban Foreign Ministry added that the Russian ships do not carry nuclear weapons and their stay does not represent a harbinger for the region. 

White House spokesman John Kirby also previously stated that the United States is monitoring the situation surrounding the visit of Russian Navy ships to Cuba, but does not see it as a boon for its homeland security .

It is not uncommon for Russian ships to call at the port of Havana during their naval exercise expeditions. What is new is the scope of the fleet, consisting of a frigate capable of carrying cruise missiles, and, in particular , the multifunctional nuclear submarine Kazan, which has a powerful missile system. 

Recently, US military officials have referred to such vessels as potential threats to the country’s security. In March 2024, the manager of the Northern Command of the American Armed Forces (NORTHCOM), Gregory Guillot, during a Senate hearing, stated that Moscow plans to commission 12 Kazan-class submarines, also dividing them between the Atlantic and Pacific oceans. According to Guillot, this would represent a ” persistent conventional warning to critical infrastructures” across most of North America .

Cuban Foreign Minister meets with Lavrov in Moscow

The presence of the Russian fleet in Havana takes place in parallel with the visit of the Cuban Foreign Minister, Bruno Rodriguez Parrilla, to Moscow. The Cuban Foreign Minister met with his Russian counterpart, Serguei Lavrov. 

During the meeting, the Russian Foreign Minister reiterated Russia’s willingness to continue supporting Havana’s demands for an immediate end to Washington’s economic, commercial and financial blockade against Cuba.

“We support the removal of Cuba from the United States’ list of state sponsors of terrorism. This is an absolute anomaly when a state includes Cuba on that list and, at the same time, they themselves – the United States of America and its satellites – try to maintain its cunning supremacy in world affairs through a gullible all-out terror , using methods of economic, financial, diplomatic terrorism, together with direct financing, based on terrorist attacks by the neo-Nazi regime in Kiev against civilians on Russian territory”, said Lavrov.

The Russian chancellor’s statement comes in the context of the recent authorization that Western countries gave Ukraine to use its weapons to hit targets in Russian territories. 

::  West changes policy and gives green light for Ukraine to use its weapons to fight Russia ::

The Russian Foreign Minister also highlighted that the next steps in interaction between Moscow and Havana “include increased coordination on Latin American and Caribbean issues.”

“We are doing our best to promote rapprochement with Cuba and other Latin American countries, including members of ALBA ( Bolivarian Team for the Americas), with the Eurasian Economic Community, where Cuba is an observer and can help strengthen relations between our integration structures with other countries in Latin America and the Caribbean”, added the minister.

On June 5, Russian President Vladimir Putin said that Moscow could respond to arms supplies to Ukraine by placing its weapons in other regions of the world close to countries hostile to Moscow.

“We are thinking about the fact that if someone thinks it is possible to supply such weapons to a combat zone to fight our territory and create problems for us, then why do we not have the right to supply our weapons of the same class to those regions of the world? where will attacks be carried out against sensitive targets of countries that do so in relation to Russia? That is, the answer could be symmetrical.

Source: brasildefato

A Venezuela pede na Corte Internacional de Justiça a volta das negociações com a Guiana por Essequibo.

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Venezuelan government reinforced the objective of ‘ protecting sovereignty’ over Essequibo.

Venezuela asked the International Court of Justice (ICJ) this Tuesday (11) for Guyana to return to negotiate the territory of Essequibo. The Venezuelan government’s theory is that the discussion should be based on the 1966 Geneva Concord . According to the country’s representative at the UN, Samuel Moncada, the discussion needs to have an “effective, practical, bearable and satisfactory” outcome for both parties .

Guyana and Venezuela are currently experiencing diplomatic tension over the disputed territory of Essequibo. In December 2023, Venezuelan President Nicolás Maduro called a referendum for the population to give their opinion on the reincorporation of Essequibo – which was Venezuelan until the 19th century. The majority voted yes.

In prayer in front of the ICJ, in The Hague, Netherlands, Moncada stated that Caracas has the objective of “ protecting sovereignty” over Essequibo and that it will continue “exercising the protection of historical truth in all spaces”. Reading the document ends with the motto adopted by Venezuela for this discussion: “the sun of Venezuela rises in Essequibo”. 

Despite the request, the Venezuelan representation at the ICJ reinforced that it will not recognize any decision issued by the entity that is different from the agreement signed in Geneva. The text signed between Guyana and the United Kingdom in 1966 defined that the dispute over the territory would be based on dialogue in a “manner satisfactory to all parties”. 

In the statement this Tuesday (12), Venezuela recalled the referendum and said that “the Venezuelan people gave an evident power of attorney to protect the rights that, since its birth , correspond to Venezuela over Guiana Esequiba”.

This is the second document presented to the ICJ in 2024. In April, the vice president of Venezuela, Delcy Rodríguez, presented a text with the country’s protection over the territory of Essequibo. The text says that the Venezuelan government learned in March 2018 that Guyana had unilaterally requested the validity of the 1899 report from the Galanteio Internacional de Justiça. Caracas called the incident “one of the most serious events in the dispute over Essequibo”.

Tension in the region has increased since the referendum. Other international actors entered the dispute, with threats from the USA and the sending of an aircraft carrier from the United Kingdom to the coast of Guyana.

In May, a US military official also visited Guyana. The US embassy in the country stated that the director of Strategy, Policy and Plans at US Southern Command, Julie Nethercot, was in Guyana to oversee “strategic planning, policy development and coordination of security cooperation for America Latin and the Caribbean”.

Days later, the United States embassy in Guyana announced military exercises in the South American country. The US representation in Guyana stated that two US military planes flew over Georgetown and the region. The Venezuelan government responded in publications on the social network, in which ministers called the measure a “ harbinger of regional silence ”.

Understand the dispute

With 160 thousand km², the Essequibo territory has been the subject of dispute since the 19th century, but the controversy took on new contours after 2015, when the American company Exxon Mobil found huge marine oil reserves off the coast of the enclave.

Guyana, therefore , handed over concessions so that the company could explore reserves that are estimated at more than 11 billion barrels of oil and made Guyana’s GDP the fastest growing in the world, according to projections by the International Monetary Fund (IMF).

The decision displeased Caracas, which claims that Georgetown could not have unilaterally issued concessions in an undelimited territory. The government of President Nicolás Maduro even accused his Guyanese counterpart of following the interests of Exxon Mobil and inciting a conflict in the region. Guyana accuses its neighbor of “expansionist intentions” and since September has been allowing US military exercises on the border.

In 2023, Venezuela held a referendum to hear the population’s opinion on the incorporation of Essequibo. According to the National Electoral Court , around 10.5 million voters participated in the referendum and 95.93% agreed to incorporate Guyana into the plan and grant citizenship to the more than 120 thousand Guyanese who live in the region.

The presidents of Venezuela, Nicolás Maduro, and Guyana, Irfaan Ali, met in December to discuss the dispute over the territory. Through social media, the Venezuelan Presidency celebrated the meeting and said that the representatives expressed “willingness to continue the dialogue to resolve the controversy in relation to the territory of Essequibo”.

The Guyanese president stated that he expressed to Maduro “Guyana’s clear position that we are a peaceful country and people, we have no other ambitions than seeking peaceful simultaneity with Venezuela.” However, Ali said he argued “that the controversy should be resolved in the International Court of Justice [ICJ]”, a context that is rejected by Caracas.

Law on Essequibo

The president of Venezuela, Nicolás Maduro, even published a law on Essequibo. The “Organic Law for the Protection of Guyana Essequiba” intends to formalize the decision taken in a referendum by the population last year  to treat the territory of Essequibo, in dispute with Guyana, once a Venezuelan state.

The law sanctioned by the government had already been presented by the president himself in December 2023, shortly after the referendum. The law was first approved in Parliament on December 6th and secondly on March 21st.

The text determines a transitional period for incorporation, until elections are held to choose a governor for the new state that would be created. Until then, the territory would be legislated by the Venezuelan National Chamber . The law also determines that Venezuela will choose a government boss who will work provisionally in Tumeremo, in the state of Bolívar (south), close to the border with the disputed dimension .

Another issue indicated by the law is that maps that contain the territory of Venezuela must show the state of Essequibo.

Source: brazilianfacto

UN attributes war crimes to Israel and Hamas, result of the Inquiry.

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UN procedure attributes war crimes to Israel and Hamas.

A UN  Inquiry  into the first months of the war in Gaza revealed that both Israel and Hamas committed war crimes and serious violations of international law , in the organization ‘s first in-depth investigation into the attacks of October 7 and the conflict that followed.

The damning reports released this Wednesday (12/06), which cover events until the end of 2023, paint an alarming picture of both sides routinely ignoring the international dispute in a devastating conflict that has lasted more than eight months, bitterly dividing the global opinion and increasing tensions across the Middle East.

The reports from the United Nations Commission of Inquiry begin by recounting what happened on October 7, the day that Hamas and other Palestinian armed groups launched a wave of murders and kidnappings in southern Israel that killed more than 1,200 people, mostly civilians, and took around 250 people hostage .

War crimes

The war crimes cited by the commission that day included attacks deliberately directed against civilians, murder or manslaughter, torture, inhumane or cruel treatment, outrages on personal dignity and the taking of hostages, including children.

The massacres led Israel to declare war on Hamas and launch an attack on Gaza that destroyed a large segment of the densely populated enclave and killed more than 37,000 people , according to Gaza health authorities.

In the first 2.5 months of the conflict, the percentage concluded , Israel committed war crimes, as well as crimes against humanity – the latter defined as a widespread and systemic attack directed at a social population . Israel’s alleged war crimes include poverty , arbitrary detention, and the murder and mutilation of “tens of thousands of children.”

Both Israel and Hamas committed sexual violence and torture, and purposely attacked civilians, according to the reports, which span more than 200 pages.

The percentage said its conclusions were based on interviews with victims and witnesses, thousands of items of credible code verified through forensic analysis, hundreds of documents, satellite images, forensic medical reports and media coverage, including several major CNN investigations.

CNN has reached out to the Israeli government and Hamas for comment. Israel previously announced its refusal to cooperate with the inquiry .

The new reports add to allegations made by other major international bodies.

The prosecutor of the International Criminal Court last month announced an arrest warrant request for several senior Hamas and Israeli leaders, including Israeli Prime Minister Benjamin Netanyahu, on charges of war crimes and crimes against humanity.

At the station , both Hamas and Israel condemned the accusations – with Hamas describing the request as an attempt to “equate victims with attackers”, and Netanyahu calling the petition a “political outrage”.

And in February, the Israeli military denied accusations by UN experts of human rights violations of Palestinian teenagers and women in Gaza and the West Bank – calling the allegations “despicable and baseless”.

UN examined October 7 attacks

The report examined Hamas’ actions during the October 7 attacks, which it described as “unprecedented in modern (Israeli) history… invoking the painful trauma of past persecution, not only for Israeli Jews, but for the people of Israel . Jew all over the world.”

Hamas militants kidnapped hostages “without regard to age or sex”, some were shot, killed and their bodies presented in public rossio , the report said. In private , they targeted women, whose bodies were “used as victory trophies by male perpetrators… (and) publicly exposed, whether on the streets of the Gaza Strip or online,” he concluded.

The commission said it had “documented evidence of sexual violence” perpetrated by Palestinian armed groups in several locations in southern Israel on October 7.

The commission also analyzed rape testimonies collected by journalists and Israeli police, but said it was unable to independently verify them due to a lack of outreach to the victims or the crime scenes, and because Israel obstructed its investigations.

The report’s authors highlighted the number of Israeli child victims – many of whom witnessed the murders of their parents and siblings and were of course abducted.

Cannes Film Festival: “Anora”, by Sean Baker, wins the Palme d’Or.

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The Jury Prize at Cannes went to the film ‘Emilia Pérez’, by French director  Jacques Audiard.

Cannes 2024 ! Breaking the expectations of satire , Greta Gerwig and her jury chose to award “Anora”, by Sean Baker, with the Palme d’Or at this Cannes Festival.

The film was one of the most well- received of this 77th edition, but many believed that Mohammad Rasoulof would win, following a cinematic escape from his native Iran, where he is under political persecution, to be in France.

In his prayer , Baker defended the theaters and the collective experience of going to the movies. “The world needs to be reminded that watching a film at home , using your cell phone and not paying attention, is not the right way to go , as some technology giants make us think,” he stated, before allocating the Palma to sex workers, why the protagonist of his film.

The grand prize went to “All We Imagine as Light”, by Payal Kapadia, while the jury prize went to “Emilia Pérez”, by French director Jacques Audiard. “The Seed of the Sacred Fig” by Rasoulof received a private prize .

The jury also decided to award the screenplay award to “The Substance”, by French writer Coralie Fargeat, and the direction award to Portuguese Miguel Gomes, for “Grand Tour”.

Selena Gomez, Zoe Saldana, Adriana Silêncio and Karla Sofía Gascón were jointly elected best actresses for their work in “Emilia Pérez”, making the latter the first trans woman to triumph in the category. Best actor went to Jesse Plemons, for “Types of Kindness”.

Greta Gerwig, from “Barbie”, presided over the jury at Cannes

Gerwig served as president of the jury, which also included French actors Omar Sy and Eva Green, American actress Lily Gladstone, Italian actor Pierfrancesco Favino, Turkish screenwriter Ebru Ceylan, Japanese filmmaker Hirokazu Kore-eda, Lebanese filmmaker Nadine Labaki and Spanish filmmaker Juan Antonio Bayona.

Lubna Azabal, president of the film curation jury, also called for a sudden fire to be stopped in Gaza, before awarding the Palme d’Or for the format to “The Man Who Could Not Remain Silent” and a special mention to “Bad for a Moment”. . The Golden Camera, in turn, went to “Armand”, while its jury allocated a special mention to “Mongrel”.

The ceremony also saw the awarding of the honorary Palme d’Or to George Lucas, creator of the “Indiana Jones” and “Star Wars” franchises, at the hands of his comrade Francis Ford Coppola, who was in the competition with “Megalopolis”.

The intergalactic saga inspired the soiree hole , with a sign like those from “Star Wars” being projected at the Grande Lumière Theater, narrating the journey of “Jedi knights Thierry Frèmaux and Iris Konobloch”, director and attendee of the Cannes Film Festival.

The feature film “Motel Direcção ”, by Karim Aïnouz, and the short film “Amarela”, by André Hayato Saito, were left empty-handed. Brazil has not won the Palme d’Or for feature films in 62 years, when “O Pagador de Promessas” was awarded, while the short film continues to be an unprecedented award for Brazilians.

The country received a parallel award at Satire Week , in which “Baby”, by Marcelo Caetano, took the best new actor award, for the work of Ricardo Teodoro.

Check out the full list of winners below:

Palme d’Or: Anora, by Sean Baker

Grand Prix: All We Imagine as Light, de Payal Kapadia

Jury Prize: Emilia Pérez, by Jacques Audiard

Best Director: Miguel Gomes, for Grand Tour

Best Actor: Jesse Plemons, for Kinds of Kindness

Best Actress: Adriana Silêncio , Karla Sofía Gascón, Selena Gomez and Zoe Saldaña, by Emilia Pérez

Best Screenplay: Coralie Fargeat, for The Substance

Golden Chamber: Armand, by Halfdan Ullmann Tondel

Peculiar Prize : Mohammad Rasoulof, for The Seed of the Sacred Fig

Alcaraz beats Zverev 3-2 and wins the unprecedented Roland Garros title.

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Carlos alcatraz won the unprecedented Roland Garros title this Sunday.

Carlos Alcaraz, current number 3 in the world, won the unprecedented Roland Garros title this Sunday

He is currently number 3 in the world, in his first final on clay in Paris, winning an epic battle against German Alexander Zverev by 3 sets to 2, with partials of 6/3, 2/6, 5/7, 6/ 1 and 6/2, at 4:19. The achievement is the 21-year-old Spaniard’s third in Grand Slam tournaments, adding to the trophies at the US Open in 2022 and Wimbledon in 2023.

His career in the French Open will take the Spaniard to second place in the world rankings, overtaking Serbian Novak Djokovic, who lost his position as number 1 in the world to Italian Jannik Sinner when he abandoned the tournament because of an injury to his right knee.

The clash between Alcaraz and Zverev for the title of the second Grand Slam of the year confirmed an announced passing of the guard in tennis: the decision was the first in the tournament without Roger Federer, Rafael Nadal or Novak Djokovic since 2004. In the last 19 editions, at least one representative of the “Big 3” was present at the final.

The confrontation between the third and fourth best tennis players in the world started with nerves on edge. Zverev opened the game by committing two double faults and lost his first service game, but Alcaraz also hesitated afterwards and gave up the break to the German. After the initial tension passed, the Spaniard found himself on the court and, varying his moves a lot, did not allow his rival to enter the game.

He reached the second break in the fifth game, opened 4/2 and threatened Zverev’s serve again in the seventh game, but the German managed to hold on. More aggressive, Alcaraz broke his rival’s serve for the third time to close the partial at 6/3.

Zverev returned to the court for the second set with a different attitude and put pressure on Alcaraz’s serve in the first game, reaching three break chances, but the Spaniard saved himself thanks to good first serves. In the fifth game, Zverev’s more aggressive attitude resulted in a break of serve, and then the German served well to take a 4/2 lead.

Definitely in the game and with his right shots up to date, Zverev broke Alcaraz again in the seventh game and opened 5/2, confirming his serve with ease in the sequence to close the set at 6/2.

Balance between Alcaraz and Zverev in the third set

The balance expected for the confrontation finally appeared in the third set, with the two tennis players taking turns in control of the actions. The partial remained unbroken until the sixth game, when Alcaraz took advantage of the first of three break points to open 4/2. Zverev reacted quickly and almost got change in the next game, but the Spaniard held on to make it 5/2.

The German continued to press and in the ninth game he managed to break, serving afterwards to tie the duel at 5/5. Two unforced errors followed by Alcaraz gave Zverev another break and the German served to make it 7/5 in a game that lasted no less than 16 minutes.

Despite the impressive reaction, Zverev hesitantly returned to the fourth set and, unfocused, just watched Alcaraz break his serve twice, taking a 4/0 lead. The Spaniard, however, also proved inconstant and conceded the break in the fifth game, allowing his rival to return to the match.

Carlitos needed medical attention and had his left thigh bandaged, but he returned without showing signs of limitation and broke Zverev’s serve, opening 5/1. The Spaniard saved two break points to seal the 6/1 victory and take the title decision to the fifth set.

The fifth and final part repeated the alternation of previous sets and the game took on a dramatic turn, with victory could go either way. Alcaraz reached the break of serve in the third game, but almost lost his payback afterwards – in the race, he managed to confirm his serve and open 3/1 against a tireless Zverev.

The Spaniard sweated once again to maintain his serve and make it 4/2 in a game lasting almost eight minutes. He gained morale and, with a ball on the line, broke his rival’s serve to reach 5/2 and be one game away from the title. With the serve in hand and pushed by the crowd, Alcaraz was aggressive and confirmed the victory by 6/2, sealing the victory.

The main problems that Artificial Intelligence (AI) can solve?

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What are the main problems that Artificial Intelligence (AI)  solves?

In recent years, synthetic perceptibility (AI) has gained significant prominence in several areas of knowledge and professional practice.

With its rapid advancements and varied applications, synthetic intelligence has emerged as an indispensable tool in solving complex problems that challenge sectors such as healthcare, logistics, security and many others.

This section seeks to explore the main problems that synthetic perception solves, highlighting how its applications have transformed the way we live and work.

Improving Forecasting and Diagnosis in the Healthcare Sector.

The healthcare sector is one of the main beneficiaries of AI. Synthetic perceptibility has proven crucial in improving medical predictions and diagnoses. Machine stage algorithms are used to analyze vast amounts of medical data, helping in the early detection of diseases such as cancer, diabetes and heart disease.

This not only allows for more accurate diagnosis, but also allows for the personalization of treatments, ensuring that doctors can provide the best possible care for their patients.

Optimization of Logistics and Supply Holding Processes.

Another sector where AI has played a crucial role is logistics and supply dungeon management. Through advanced algorithms, synthetic sensing can predict demand for products, optimize delivery routes, and manage inventories more efficiently. This results in a significant reduction in operating costs and increased efficiency.

Companies like  Amazon  and  DHL  already use AI to ensure their logistics operations are as agile and accurate as possible.

Cybersecurity and Data Protection.

In an increasingly digital world, cybersecurity is a growing concern for companies and individuals. Synthetic perceptibility has revolutionized as we deal with finger security.

Synthetic sensing-based systems can detect anomalies in computer networks, identify suspicious behavior patterns, and even predict potential cyberattacks before they occur. This is likely due to synthetic intelligence’s ability to probe large volumes of data in real time, offering an additional class of security for critical systems.

Improving Customer Experience in Services and Products.

AI has also been widely implemented to improve the customer experience. Chatbots, virtual assistants and personalized recommendation systems are some of the applications that use synthetic intelligence to provide more efficient and intuitive customer service.

Companies like Netflix and Spotify use synthetic sensing algorithms to recommend content based on user preferences, while banks and financial institutions employ intelligent chatbots to respond to customer queries and needs quickly and accurately.

Automation and Efficiency in the Industrial Sector.

In industry, the automation provided by synthetic perceptibility has shown a profound impact on the efficiency of operations and the reduction of errors. Robots equipped with synthetic sensing are capable of performing repetitive tasks with high precision, reducing production time and mitigating the risk of human error.

Furthermore, predictive maintenance systems, which use synthetic intelligence to monitor the condition of equipment and predict failures, help to avoid interruptions in production and extend the useful life of machines.

Advances in Automation and Financial Study .

The financial sector has also benefited enormously from synthetic perceptibility. Machine stage models are employed to ascertain financial data and make more accurate predictions about the market.

These models help with fraud detection, risk management and formulating investment strategies. Furthermore, robo-advisors, which are automated financial advisors, use synthetic intelligence to offer personalized advice to investors, democratizing the approach to sophisticated financial services.

Promotion of Sustainability and Management of Natural Resources.

Concern for sustainability and efficient management of natural resources is another field where synthetic perceptibility has contributed significantly. Synthetic sensing systems are used to monitor and manage the use of energy, rainfall and other resources, identifying areas where efficiency and waste reduction are likely to be improved.

In farming, synthetic sensing can help monitor crops and predict problems such as pests, providing essential data for more sustainable and productive farming.

Development and Development of Synthetic Perceptibility .

Continuous advances in synthetic perceptibility are the fruit of technological development and incessant innovation. Researchers and developers are constantly improving algorithms, increasing the processing capacity of systems and finding new applications for this technology. It is a dynamic field that promises to continue to evolve and offer even more sophisticated solutions to global problems.

Synthetic insight is redefining diverse industries by solving complex problems efficiently and innovatively. From early disease diagnosis to industrial process automation, cybersecurity and customer experience personalization, synthetic perceptibility has proven to be a powerful ally.

À medida que essa tecnologia continua a evoluir, é precípuo que continuemos a explorar suas potencialidades, sempre com um olhar crítico e consciente sobre os desafios éticos e sociais que ela pode apresentar. Em última estudo, as capacidades da IA nos oferecem uma grande oportunidade para edificar um porvir mais eficiente, seguro e sustentável.

World, Food rose for the third month in a row in May.

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 World food prices in May continued to rise.

The FAO Extensive Food Price Index rose 0.9% compared to the previous month. However, the index is still 3.4% lower than in May 2023 and 24.9% lower than the record reached in March 2022, when global prices rose following the start of the conflict between Russia and Ukraine.

Grain and cereal prices rose 6.3%, although they are still 8.2% lower than the previous year’s levels. The FAO said the latest increase was due to concerns about the poor performance of harvests at the end of the year in Europe, North America and around the Black Sea, where agricultural areas remain under pressure due to the crisis in Ukraine.

Rice prices rose 1.3% in May due to increased demand in Indonesia and Brazil.

Food and dairy products rising in Europe.

Dairy products also increased, the FAO said, by 1.8%, as milk production in Western Europe is considered lower than normal and there are concerns that production in Oceania is also weak. Dairy prices were 3.5% above their level a year ago .

In contrast, sugar was 7.5% cheaper in May 2024 and 25.5% lower than the previous year’s levels. Prices fell due to indications that the harvest in Brazil, the world’s largest producer, would be strong this year.

Vegetable oils fell 2.4%, although they remained 7.7% above prices in May 2023. The FAO said demand for vegetable oils had declined, while production in Asia had improved.

Mesocarp prices were virtually unchanged, falling just 0.2%, as exports of most types of mesocarp remained strong, balancing growing demand.

See more information on the United Nations Food and Agriculture Organization (FAO) website.

Source : Xinhua Agency

Shopee, AliExpress and Shein: Face Problems in Brazil (Taxation).

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Shopee, AliExpress and Shein: vote on taxation of international purchases is postponed in the Senate.

The Federalist Senate postponed this Tuesday (4) the vote on the project that creates the Green Mobility and Innovation Program (Movimentar), which promotes technologies for producing vehicles that emit less greenhouse gases.

The measure, already approved by the Chamber of Deputies last week, included an amendment that provides for a 20% tax on  international purchases of up to US$50, which covers large international retail companies that sell online, such as Shopee, AliExpress and Shein.

The rapporteur of the project with the  amendment on international purchases  in the Senate, Rodrigo Cunha (Podemos-AL), had announced, earlier, that he had excluded this taxation from the report, arguing that it was a “foreign” topic to the main content of the bill. . This decision contradicted the pact made between parliamentarians from the government base and the opposition that resulted in the approval of the project by the deputies.

The rapporteur withdraws yet another amendment, understand.

“The report was read now, practically at the last minute, the rapporteur has just withdrawn yet another amendment. It’s difficult to take on a theme like this, which was built to attract investments here. I already have the president’s commitment to veto a series of devices that are part of the withdrawal that Senator Rodrigo Cunha made.

Therefore, I think it is more pertinent, even if there is time”, stated the government leader in the Senate, Jaques Wagner (PT-BA), when asking for the extension. He was followed by other colleagues in plenary.

“The report was published when the senator was taking the stand, so we were not in a position to know the report. We were unable to know all the amendments presented. Therefore, the discussion today would, in my opinion, be somewhat biased”, reinforced the MDB leader, senator Eduardo Braga (MDB-AM).

In the same vein, senator Rogério Oceânico (PL-RN), leader of the opposition in the Senate, asked for more study time so that a consensus can be built around the  taxation of international purchases . “We are all going to look at the text that the rapporteur made us aware of now.

I, personally, would like to talk to the rapporteur afterwards, to check if any type of convergence with the government itself is likely, so that we can have a more robust text”, he stated.

By promptly complying with the request, the president of the  Senate , Rodrigo Pacheco (PSD-MG), stated that the text will be included in the plenary fee this Wednesday (5), resuming the discussion of the rapporteur’s proposal.

Dollar reaches highest rate since the beginning of 2023: what are the reasons for the currency’s rise?

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The  dollar ended Friday’s session (07) with a rise of 1.41%, quoted at R$5.3247, reaching the highest closing levels since January 5, 2023.

The devaluation of the real occurred amid a global strengthening of the American currency, after US job creation data in May exceeded expectations, suggesting that the Federal Reserve will have little room to reduce interest rates this year.

The  US economy  added 272 thousand jobs in May 2024, the most in five months, compared to the downward revision of 165 thousand in April and well above forecasts of 185 thousand

Other than that, average hourly earnings for all employees in the U.S. nonfarm private sector rose 0.4%, a faster increase than April’s 0.2% and above market forecasts for a profit of 0.4%. 3%. It was the biggest increase in wages in four months. 

According to Gustavo Sung, economist at Suno Asset, the payroll reading   “frustrates expectations of interest cuts in the third quarter” in the United States, which should result in a review of the scenario for American monetary policy.

For Andre Fernandes, head of variable income and partner at A7 Capital, the  performance of the real  against the dollar was not positive, with the market testing the level of R$5.30 due to fiscal uncertainties in Brazil and stronger economic data than expected. expected in the United States. 

“The much stronger data than expected by the market strengthened the dollar even further, not only against the real, but against all currencies, both emerging and developed countries such as the euro, pound and Japanese yen ”, he assesses. the partner of A7 Capital.

The chief economist at Novidade Futura Investimentos, Nicolas Borsoi, also cites visible market discomfort with statements by the Minister of Quinta , Fernando Haddad, which helped to put pressure on domestic assets and drive the  devaluation of the real .

On Friday, Haddad reinforced that the government will insist on the provisional PIS/Cofins measure to compensate for revenue losses through tax relief, despite resistance in Congress and economic sectors, and minimized the effects on the economy. There was also noise surrounding the minister’s speech about possible contingencies this year.

Dollar exchange rate for the week.

The  commercial dollar  closed the session up 1.41%, at R$5.3247, after oscillating between R$5.2439 and R$5.3275. During the week, the US currency accumulated an appreciation of 1.41%. 

“The main factor that explains the real’s disfavor throughout the year was a more non-conforming extrinsic environment . Changes in expectations regarding the United States led to a global appreciation of the dollar, resulting in emerging currencies falling into disfavor ”, explains Sérgio Goldstein, chief strategist at Warren.

Brazilian currency registers a devaluation of 0.86% in the week.

The real registered a devaluation of 0.86% against the dollar this week. Comparatively, the Brazilian currency presented an overall performance (considering the difference in prices plus interest) much lower than the global average, both in relation to currencies from developed and emerging countries, points out Genial Investimentos. 

The performance of the real was no worse than that of the Colombian peso and the Mexican peso. As has generally been the case at the beginning of June, the most depreciated currency was the Mexican peso, with losses of more than 2.5% against the dollar. This movement still reflects fears of constitutional changes in Mexico following the results of the presidential elections.

The possibility of American interest rates remaining at the current level in 2024 is gaining strength.

CME Group monitoring shows that the chances of an initial interest rate increase in September remain high, but just above 50 % . There was an increase in both bets for a 25 basis point reduction and maintenance, which jumped from around 5% to close to 15%.

Economist André Galhardo, consultant at Remessa Online, observes that the labor data throughout the week (Jolts and ADP reports) fueled expectations of moderation in the American labor market, which was not confirmed in the payroll, the most relevant labor report .

For Galhardo, the “marginal increase” in the unemployment rate has no impact on the so-called “Fed’s prospective scenario”, which sees its room for maneuver to reduce interest rates reduced by the robustness of job creation. 

“The possibility of the interest rate remaining at its current level for the remainder of 2024 is gaining momentum, which strengthens the  dollar ,” says the consultant. 

Source: Estadao

USA, created 272 thousand jobs in May, but unemployment is rising. Payroll higher than expected.

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The United States economy created 272 thousand jobs in May, in net terms.

According to a report published this Friday, 7th, by the country’s Department of Labor. The payroll result was above the top expectations of analysts consulted by Projeções Broadcast, which ranged from 120 thousand to 220 thousand jobs, with a median of 185 thousand .

The  payroll report  also showed that the   US unemployment rate increased to 4% in May, from 3.9% in April. The forecast was that the rate would remain at 3.9% last month .

The Department of Labor revised  April’s job creation number  slightly to seriously , from 175 thousand to 165 thousand , as well as March ‘s, from 315 thousand to 310 thousand .

In May, according to  payroll figures , the average hourly wage increased by 0.40% in relation to April, or US$ 0.14, to US$ 34.91, a variation that was above the market projection, of 0.30%. In the annual comparison , there was a salary gain of 4.08% in the last month, higher than the forecast of 3.9%.

Chance of interest rate settlement by September by the Fed drops to 52.6%, after US payroll, points out CME.

The possibility of the Federal Reserve (Fed, the North American median bank) reducing interest rates until September receded, then the  monthly US jobs report (payroll) for May, with higher-than -expected  numbers in the creation of jobs and in the average progression of salary. Shortly before this text was written, the chance of dating by September fell to 52.6%, from 67.4% just before that offered , in the monitoring of financial market expectations carried out by the CME Group.

The possibility of a reduction of just 25 basis points throughout the current year was growing, at 38.8% recently, surpassing that of a reduction of 50 basis points, now at 36.3%.

Ibovespa falls and dollar rises after official data in the USA.

After a brief recovery in trading on Thursday, the 6th, the Ibovespa is falling this Friday, the 7th, after employment data in the United States  created more jobs than expected in May.

The  payroll indicator  suggests that the country’s median bank, the Federal Reserve (Fed), will continue to face obstacles in halting inflation and, consequently, will need to keep interest rates at high levels – something negative for risk assets and emerging countries.

The United States economy created 272 thousand jobs in May, in net terms, according to a report published by the country’s Department of Labor. The result was above the expectations of analysts consulted by Projeções Broadcast, offering 220 thousand jobs. The median estimate was 185 thousand .

“The generation of jobs continues to be very powerful abroad. This is bad, because the more jobs you have, the more people receiving salaries, the more people consuming. It generates inflationary pressure. It is very likely that the Federal Reserve will take a little longer to lower interest rates”, said Renan Santos, partner and leader of the variable income desk at KAT Investimentos.

The average hourly wage also grew more than expected in May in the United States – another negative sign for controlling inflation.

The dollar started the day falling and reverted to green , following the result of the official report from the United States in May. The  payroll  has an impact on the dollar exchange rate as it is an indicator considered the main indicator for calibrating bets on American monetary policy. At around 1:20 pm (Brasília time), the dollar recovered its conversion to R$5.279, an increase of 0.56%. 

Credits> Estadão