Brazil aims to save more than $270 billion in a decade with pension reform

Brazil’s government aims to save more than 1 trillion reals ($270 billion) in 10 years for public coffers with a pension reform bill delivered to Congress on Wednesday, according to an Economy Ministry presentation. A proposed constitutional amendment that President Jair Bolsonaro presented to congressional leadership would save 1.072 trillion reals in a decade. Proposed changes to military pensions, which the government pledged to deliver within 30 days, would bring savings to 1.165 trillion re


Brazil’s government aims to save more than 1 trillion reals ($270 billion) in 10 years for public coffers with a pension reform bill delivered to Congress on Wednesday, according to an Economy Ministry presentation. A proposed constitutional amendment that President Jair Bolsonaro presented to congressional leadership would save 1.072 trillion reals in a decade. Proposed changes to military pensions, which the government pledged to deliver within 30 days, would bring savings to 1.165 trillion re
Brazil aims to save more than $270 billion in a decade with pension reform Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, decade, reals, savings, proposed, president, save, 270, billion, reform, brazil, aims, trillion, pension, presented, presentationa, public


Brazil aims to save more than $270 billion in a decade with pension reform

Brazil’s government aims to save more than 1 trillion reals ($270 billion) in 10 years for public coffers with a pension reform bill delivered to Congress on Wednesday, according to an Economy Ministry presentation.

A proposed constitutional amendment that President Jair Bolsonaro presented to congressional leadership would save 1.072 trillion reals in a decade.

Proposed changes to military pensions, which the government pledged to deliver within 30 days, would bring savings to 1.165 trillion reals in 10 years.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, decade, reals, savings, proposed, president, save, 270, billion, reform, brazil, aims, trillion, pension, presented, presentationa, public


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Brazil aims to save more than $270 billion in a decade with pension reform

Brazil’s government aims to save more than 1 trillion reals ($270 billion) in 10 years for public coffers with a pension reform bill delivered to Congress on Wednesday, according to an Economy Ministry presentation. A proposed constitutional amendment that President Jair Bolsonaro presented to congressional leadership would save 1.072 trillion reals in a decade. Proposed changes to military pensions, which the government pledged to deliver within 30 days, would bring savings to 1.165 trillion re


Brazil’s government aims to save more than 1 trillion reals ($270 billion) in 10 years for public coffers with a pension reform bill delivered to Congress on Wednesday, according to an Economy Ministry presentation. A proposed constitutional amendment that President Jair Bolsonaro presented to congressional leadership would save 1.072 trillion reals in a decade. Proposed changes to military pensions, which the government pledged to deliver within 30 days, would bring savings to 1.165 trillion re
Brazil aims to save more than $270 billion in a decade with pension reform Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, reform, presented, presentationa, aims, 270, trillion, savings, reals, president, public, pension, brazil, billion, save, decade, proposed


Brazil aims to save more than $270 billion in a decade with pension reform

Brazil’s government aims to save more than 1 trillion reals ($270 billion) in 10 years for public coffers with a pension reform bill delivered to Congress on Wednesday, according to an Economy Ministry presentation.

A proposed constitutional amendment that President Jair Bolsonaro presented to congressional leadership would save 1.072 trillion reals in a decade.

Proposed changes to military pensions, which the government pledged to deliver within 30 days, would bring savings to 1.165 trillion reals in 10 years.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, reform, presented, presentationa, aims, 270, trillion, savings, reals, president, public, pension, brazil, billion, save, decade, proposed


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One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally

Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce. Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now. “Don’t simply chase this stock because of FOMO [fear of missing out]. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out


Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce. Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now. “Don’t simply chase this stock because of FOMO [fear of missing out]. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out
One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: keris lahiff, michael nagle, bloomberg, getty images, daniel acker, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, baruch, going, 300, chase, twilio, trading, calls, id, bearish, chart, tech, rally, analyst, broke, wedge, stock, fomo


One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally

One cloud tech stock has risen further and faster than all the rest.

Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce.

Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now.

“Don’t simply chase this stock because of FOMO [fear of missing out]. I’d rather miss a move than chase something,” Baruch said on CNBC’s “Trading Nation” on Wednesday. “Yes, Twilio is strong. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. Still, though, I wouldn’t chase this.”

On top of its 12-month surge, the stock has risen 20 percent just this year and reached record highs as recently as this week. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out of this bearish channel earlier this year.

Instead of getting in now, Baruch is waiting for the cloud software stock to come back down to a more attractive entry point.

“It is out above the 50-day, 100-day, 200-day moving averages, but I’d wait for a little bit of a pullback coming into there. Look at a retracement,” said Baruch. Around “$85 or $90 – that’s where you’re going to find value in the stock rather than just chasing it.”

The bottom end of that range at $85 represents a 21 percent drop from Wednesday’s close of $106.87. Twilio first broke above that level last September.

Stacey Gilbert, head of derivative strategy at Susquehanna, says the stock is likely to continue its upward sprint based on market activity.

“Options are the market’s best guess of where the stock is going to be in the future, it’s the positioning of the future, and that remains bullish,” Gilbert said on “Trading Nation” on Wednesday. “So while the stock may be pulling back a little bit [on Wednesday] as a knee-jerk reaction and some profit-taking, I’d make an argument that the sentiment overall remains bullish.”

Twilio fell 7 percent on Wednesday after topping fourth-quarter earnings estimates, but falling short on first-quarter guidance.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: keris lahiff, michael nagle, bloomberg, getty images, daniel acker, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, baruch, going, 300, chase, twilio, trading, calls, id, bearish, chart, tech, rally, analyst, broke, wedge, stock, fomo


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Deere is crushing Caterpillar this year, but experts say that’s about to change

The tractor company is up 20 percent over the past six months, while Caterpillar languishes in the red. Matt Maley, equity strategist at Miller Tabak, said the disparity between Deere and Caterpillar should soon correct itself. Usually the stock that has outperformed comes down and meets the underperforming stock.” It was a slightly different story in 2017 — Deere rallied and the underperforming Caterpillar caught up to it. Mark Tepper, president of Strategic Wealth Partners, instead expects Cat


The tractor company is up 20 percent over the past six months, while Caterpillar languishes in the red. Matt Maley, equity strategist at Miller Tabak, said the disparity between Deere and Caterpillar should soon correct itself. Usually the stock that has outperformed comes down and meets the underperforming stock.” It was a slightly different story in 2017 — Deere rallied and the underperforming Caterpillar caught up to it. Mark Tepper, president of Strategic Wealth Partners, instead expects Cat
Deere is crushing Caterpillar this year, but experts say that’s about to change Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: keris lahiff, daniel acker, bloomberg, getty images, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, thats, going, usually, experts, tepper, crushing, change, underperforming, say, cat, china, stock, deere, caterpillar, tractor


Deere is crushing Caterpillar this year, but experts say that's about to change

Deere is racing circles around Caterpillar.

The tractor company is up 20 percent over the past six months, while Caterpillar languishes in the red.

Its outperformance even prompted a downgrade from Bank of America to neutral, its analysts contending that lack of progress in U.S.-China trade talks means the stock may have run as far as it can for now.

Matt Maley, equity strategist at Miller Tabak, said the disparity between Deere and Caterpillar should soon correct itself.

“When you go back over time, you go over the last 10 years, these two stocks have been very highly correlated,” Maley said Tuesday on CNBC’s “Trading Nation.” “Every few years a divergence develops and each time that divergence develops, it usually only lasts for a couple of months and they usually fall back together. Usually the stock that has outperformed comes down and meets the underperforming stock.”

In 2011, 2012 and 2014, for example, when Caterpillar raced ahead of Deere it soon rolled over to come back to its underperforming peer. The same thing happened to Deere when it outperformed Caterpillar in 2015. It was a slightly different story in 2017 — Deere rallied and the underperforming Caterpillar caught up to it.

“What I would suggest is that people either want to short John Deere and go long Cat Tractor and for those that can’t go short, you might want to underweight Deere and overweight Cat Tractor because that divergence should resolve itself before too long especially now that it’s been going on for a couple of months,” Maley said.

Mark Tepper, president of Strategic Wealth Partners, instead expects Caterpillar to catch up to Deere and then pass it.

“Deere’s valuation looks really stretched right now and Cat looks undervalued and beyond that there’s positive catalysts that could take Cat higher but I’m not seeing that for Deere. I think everything good seems to already be priced in,” Tepper said Tuesday on “Trading Nation.”

Tepper also expects a revival in infrastructure demand and any clarity in trade talks with China to give Caterpillar a big boost.

“We think that demand is really going to revive itself so that’s a positive catalyst for Cat and when we see that happen whether it’s in China or more likely here in the U.S., that’s going to take Cat’s stock higher,” said Tepper. “Once we get resolution with China both of these stocks are going to rally but Cat is going to do better.”

President Donald Trump has said he may extend his March 2 deadline for additional tariffs on China if the two are close to a deal. The two countries are currently in negotiations.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: keris lahiff, daniel acker, bloomberg, getty images, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, thats, going, usually, experts, tepper, crushing, change, underperforming, say, cat, china, stock, deere, caterpillar, tractor


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Swift CEO announces tie-up with blockchain start-up R3

Swift, the financial messaging service for the world’s biggest banks, is partnering with blockchain start-up R3. Founded in 2014, R3 leads a consortium of major financial institutions and is aimed at bridging the gap between blockchain technology and the banking industry. The partnership with R3 will see Swift hook its GPI technology up to the former’s blockchain platform Corda, according to an announcement on Swift’s website. Swift touts GPI as a technology that’s able to speed up cross-border


Swift, the financial messaging service for the world’s biggest banks, is partnering with blockchain start-up R3. Founded in 2014, R3 leads a consortium of major financial institutions and is aimed at bridging the gap between blockchain technology and the banking industry. The partnership with R3 will see Swift hook its GPI technology up to the former’s blockchain platform Corda, according to an announcement on Swift’s website. Swift touts GPI as a technology that’s able to speed up cross-border
Swift CEO announces tie-up with blockchain start-up R3 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: ryan browne, elizabeth schulze, jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, technology, payments, swift, blockchain, swifts, platform, r3, ceo, tieup, announces, gpi, startup, trade


Swift CEO announces tie-up with blockchain start-up R3

Swift, the financial messaging service for the world’s biggest banks, is partnering with blockchain start-up R3.

Gottfried Leibbrandt, Swift’s chief executive, said the institution would integrate R3’s platform with its new payments standards framework GPI, or Global Payments Innovation.

“We are announcing later today a proof-of-concept with the R3 blockchain on trade where you can initiate a payment on the trade platform and then it goes into GPI,” Leibbrandt said at a CNBC-moderated panel session at the Paris Fintech Forum on Wednesday.

Founded in 2014, R3 leads a consortium of major financial institutions and is aimed at bridging the gap between blockchain technology and the banking industry.

The partnership with R3 will see Swift hook its GPI technology up to the former’s blockchain platform Corda, according to an announcement on Swift’s website. Firms using R3’s Corda network will be able to authorize and settle payments with the help of a gateway called GPI Link, Swift said.

Swift touts GPI as a technology that’s able to speed up cross-border payments between banks, with end-to-end tracking of transactions in real-time.

Leibbrandt was speaking beside Brad Garlinghouse, the chief executive of Ripple, a fierce competitor to R3. The San Francisco-based start-up has made no secret of its bid to steal business from the almost five-decades-old payments processing giant.


Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: ryan browne, elizabeth schulze, jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, technology, payments, swift, blockchain, swifts, platform, r3, ceo, tieup, announces, gpi, startup, trade


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Sterling swings before parliament’s Brexit amendment votes

Parliament will debate and vote on Prime Minister Theresa May’s response to the overwhelming rejection of her Brexit plan earlier this month. In particular, markets are focusing on Amendment B, proposed by opposition Labour lawmaker Yvette Cooper, which seeks to shift control of Brexit from May’s government to parliament. If successful, this could give lawmakers who want to block, delay or renegotiate Brexit a legal route to do so. “I suppose given those amendments have been chosen markets may h


Parliament will debate and vote on Prime Minister Theresa May’s response to the overwhelming rejection of her Brexit plan earlier this month. In particular, markets are focusing on Amendment B, proposed by opposition Labour lawmaker Yvette Cooper, which seeks to shift control of Brexit from May’s government to parliament. If successful, this could give lawmakers who want to block, delay or renegotiate Brexit a legal route to do so. “I suppose given those amendments have been chosen markets may h
Sterling swings before parliament’s Brexit amendment votes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: reuters with cnbc, jason alden, bloomberg via getty images, paul faith, afp, getty images
Keywords: news, cnbc, companies, brexit, swings, lawmakers, parliament, amendment, chosen, vote, votes, amendments, markets, voted, sterling, delay, parliaments


Sterling swings before parliament's Brexit amendment votes

Sterling zipped higher on Tuesday, reversing early losses after the speaker of the British parliament chose amendments to be voted on by lawmakers, including one that would effectively take a no-deal Brexit off the table.

The currency remains well off recent multi-month peaks however, and volatility in derivatives market was elevated, reflecting markets’ nervousness about the likely outcome of the votes.

Parliament will debate and vote on Prime Minister Theresa May’s response to the overwhelming rejection of her Brexit plan earlier this month.

But markets’ main focus is on amendments proposed by lawmakers. The Speaker of the House of Commons, John Bercow, has chosen seven to be voted on.

In particular, markets are focusing on Amendment B, proposed by opposition Labour lawmaker Yvette Cooper, which seeks to shift control of Brexit from May’s government to parliament. If successful, this could give lawmakers who want to block, delay or renegotiate Brexit a legal route to do so.

Amendment G by Dominic Grieve, a pro-EU Conservative, which would give lawmakers a chance to propose their own Brexit debates in parliament in February and March, will also be voted on.

“I suppose given those amendments have been chosen markets may have discerned that a delay is a step closer,” said Neil Mellor, FX strategist at BNY Mellon.

“The prominent amendments that have been chosen are too close to call (the outcome) but if the Cooper and Grieve amendments are carried, that is sterling positive.”

Cooper’s amendment, which could delay Brexit, is considered likely to pass, especially after a source told Reuters the opposition Labour Party would back it.

Speaker Bercow’s announcement sent sterling to a session high of $1.32 having traded earlier in a $1.3160-$1.3170 range — up 0.2 percent on the day. But it remains well off 2-1/2 month highs of $1.3218 and later in the day had fallen to $1.3154.

Unicredit noted the pound had been this year’s best-performing major currency so far, rising around 4 percent to the dollar and euro. On a trade-weighted basis, it is at a 2 1/2-month high.

“The risk that we get a disappointment in tonight’s vote is clearly there,” Unicredit FX strategist Kathrin Goretzki said, though she noted the vote would not significantly dent optimism that parliament had taken control of the Brexit process to avoid a no-deal scenario.

“We don’t expect this to be affected in a negative way in tonight’s vote. Any correction will be temporary,” she said.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: reuters with cnbc, jason alden, bloomberg via getty images, paul faith, afp, getty images
Keywords: news, cnbc, companies, brexit, swings, lawmakers, parliament, amendment, chosen, vote, votes, amendments, markets, voted, sterling, delay, parliaments


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Toy industry sales broke 4-year growth streak, fell 2% in 2018, thanks to Toys R Us closure

Not all was well in Toy Land in 2018. Sales in the industry fell 2 percent last year as toy manufacturers endured their first Christmas without Toys R Us in more than 60 years, according to a new report. In the U.S., customers spent $21.6 billion on toys last year, less than the $22 billion shelled out for action figures, dolls and games in 2017, according to market researcher NPD Group. Lennett called the 2 percent decline a “solid performance” considering how much the landscape has changed in


Not all was well in Toy Land in 2018. Sales in the industry fell 2 percent last year as toy manufacturers endured their first Christmas without Toys R Us in more than 60 years, according to a new report. In the U.S., customers spent $21.6 billion on toys last year, less than the $22 billion shelled out for action figures, dolls and games in 2017, according to market researcher NPD Group. Lennett called the 2 percent decline a “solid performance” considering how much the landscape has changed in
Toy industry sales broke 4-year growth streak, fell 2% in 2018, thanks to Toys R Us closure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: sarah whitten, jason alden, bloomberg, getty images, target ramps up toy department in time for the hol
Keywords: news, cnbc, companies, statementlennett, vice, toy, closure, npd, thanks, industry, growth, fell, sales, streak, toysrus, billion, toys, according


Toy industry sales broke 4-year growth streak, fell 2% in 2018, thanks to Toys R Us closure

Not all was well in Toy Land in 2018.

Sales in the industry fell 2 percent last year as toy manufacturers endured their first Christmas without Toys R Us in more than 60 years, according to a new report.

In the U.S., customers spent $21.6 billion on toys last year, less than the $22 billion shelled out for action figures, dolls and games in 2017, according to market researcher NPD Group.

“After the liquidation announcement of Toys‟R”Us last year, there was a great deal of speculation about what would happen to the industry, with some predicting double-digit declines,” Juli Lennett, vice president and industry advisor at NPD Group, said in a statement.

Lennett called the 2 percent decline a “solid performance” considering how much the landscape has changed in the last year. Toys R Us was estimated to account for 10 to 15 percent of all toy sales prior to its closure in June.


Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: sarah whitten, jason alden, bloomberg, getty images, target ramps up toy department in time for the hol
Keywords: news, cnbc, companies, statementlennett, vice, toy, closure, npd, thanks, industry, growth, fell, sales, streak, toysrus, billion, toys, according


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Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th


Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.

Much has been said about the demise of the toy empire, which this week announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.

Ultimately, though, Toys R Us’ collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. It didn’t invest in its stores, even as it was adding to the fleet, leaving it vulnerable when new competition moved in.

The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. By 1978, he had created a toy superstore large enough to become a public company.

In its heyday in the 1980s and 1990s, it was the most important toy store in the country, if not the world. Its strength grew as competitors Kiddie City and Child World went out of business.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


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WEF: Business leaders don’t care if Brazil’s Bolsonaro is a populist

Bolsonaro’s case for investing in Brazil is compelling, expert says 12:23 PM ET Tue, 22 Jan 2019 | 04:10Davos may not have welcomed Brazil’s newly-elected president with open arms, but the world’s business elite are cautiously optimistic about his plans for reform. Brazilian President Jair Bolsonaro delivered the keynote address at the World Economic Forum (WEF) in Davos, Switzerland this week, touting a “new Brazil” that’s open for business. The far-right leader vowed to transform Latin America


Bolsonaro’s case for investing in Brazil is compelling, expert says 12:23 PM ET Tue, 22 Jan 2019 | 04:10Davos may not have welcomed Brazil’s newly-elected president with open arms, but the world’s business elite are cautiously optimistic about his plans for reform. Brazilian President Jair Bolsonaro delivered the keynote address at the World Economic Forum (WEF) in Davos, Switzerland this week, touting a “new Brazil” that’s open for business. The far-right leader vowed to transform Latin America
WEF: Business leaders don’t care if Brazil’s Bolsonaro is a populist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: sam meredith, jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, wef, brazils, business, open, case, worlds, world, think, president, care, brazil, applause, welcomed, populist, leaders, worldi, dont, bolsonaro


WEF: Business leaders don't care if Brazil's Bolsonaro is a populist

Bolsonaro’s case for investing in Brazil is compelling, expert says 12:23 PM ET Tue, 22 Jan 2019 | 04:10

Davos may not have welcomed Brazil’s newly-elected president with open arms, but the world’s business elite are cautiously optimistic about his plans for reform.

Brazilian President Jair Bolsonaro delivered the keynote address at the World Economic Forum (WEF) in Davos, Switzerland this week, touting a “new Brazil” that’s open for business.

The far-right leader vowed to transform Latin America’s largest economy into one of the most investment-friendly places in the world.

“I think he did make his case for why Brazil could be the country to invest in,” Robin Niblett, director of the Chatham House think tank in London, told CNBC on Tuesday.

“He was incredibly disciplined I thought, on message… (but) the mood in the room was totally different. I mean, he came on stage to almost no applause at all — and at the end of his speech, a little grudging applause.”


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: sam meredith, jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, wef, brazils, business, open, case, worlds, world, think, president, care, brazil, applause, welcomed, populist, leaders, worldi, dont, bolsonaro


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Davos: Microsoft’s Nadella says facial recognition needs regulation

Microsoft Chief Executive Satya Nadella on Thursday welcomed regulation of facial recognition technology, as concerns about its ability to be used for surveillance and intrusions of privacy grow. Nadella suggested that, as facial recognition becomes increasingly prevalent, self-regulation among tech companies might not be enough to deal with the societal challenges it represents. “One of the things that I feel today is, in the marketplace, there’s competition; there’s no discrimination between t


Microsoft Chief Executive Satya Nadella on Thursday welcomed regulation of facial recognition technology, as concerns about its ability to be used for surveillance and intrusions of privacy grow. Nadella suggested that, as facial recognition becomes increasingly prevalent, self-regulation among tech companies might not be enough to deal with the societal challenges it represents. “One of the things that I feel today is, in the marketplace, there’s competition; there’s no discrimination between t
Davos: Microsoft’s Nadella says facial recognition needs regulation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: ryan browne, jason alden, bloomberg via getty images
Keywords: news, cnbc, companies, selfregulation, race, facial, nadella, davos, regulatory, recognition, technology, needs, rules, theres, regulation, microsofts


Davos: Microsoft's Nadella says facial recognition needs regulation

Microsoft Chief Executive Satya Nadella on Thursday welcomed regulation of facial recognition technology, as concerns about its ability to be used for surveillance and intrusions of privacy grow.

Nadella suggested that, as facial recognition becomes increasingly prevalent, self-regulation among tech companies might not be enough to deal with the societal challenges it represents.

“One of the things that I feel today is, in the marketplace, there’s competition; there’s no discrimination between the right use and the wrong use of facial recognition,” Nadella told an audience at the World Economic Forum in Davos.

He said that, while self-regulation is important to ensure use of facial recognition is “fair and robust,” government rules may be needed to prevent harmful consequences.

“At the same time we also welcome any regulation that helps the marketplace not be a race to the bottom,” Nadella said.

Such a “race to the bottom” could in fact lead to “even more heavy-handed regulatory regimes,” he added.

The software giant has been at the forefront of raising concerns about the potential misuse of facial recognition. It has been increasingly calling for rules to be established to prevent human rights violations and discrimination.

The technology is included in many new smartphones including Apple’s new iPhone models and Samsung’s latest Galaxy phones. A primary purpose of facial recognition so far has been to identify users with biometric authentication to bolster the security of devices.

But growing worries over the ability of countries like China to use it to spy on citizens have led to increasing calls for regulatory oversight.


Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: ryan browne, jason alden, bloomberg via getty images
Keywords: news, cnbc, companies, selfregulation, race, facial, nadella, davos, regulatory, recognition, technology, needs, rules, theres, regulation, microsofts


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