With a focus on the qualification of workers in the retail sector, Faculdade do Comércio de São Paulo (FAC-SP) was created two years ago by Instituto Paulista de Ensino Superior do Comércio S/A. Wilson Victorio Rodrigues, director general of the institution, says that the proposal made by the Faculty of Commerce was based on data […]
Cade fines four companies for barring competition at Guarulhos Airport
The Administrative Council for Economic Defense (Cade) decided to condemn the companies Vibra, former BR Distribuidora, Raízen, Air BP and GRU Airport, accused of barring the entry of competitors for the supply of aviation kerosene at Guarulhos Airport (SP). The final decision follows the vote of counselor Luis Braido, who took a stand for the […]
Binance Gives Up on FTX Buying, Adds Chaos in Digital Assets Market
In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX, saying the company’s problems were “beyond our control or ability to help.” Binance, the world’s largest cryptocurrency exchange, said it reviewed FTX’s finances as part of the “due diligence” process and cited reports of “mismanaged client funds […]
Measure approved by the Chamber increases tariffs for consumers, says Aneel
The National Electric Energy Agency (Aneel) stated that maintaining the stability of generator tariffs, provided for in the Draft Legislative Decree (PDL) approved this Wednesday (9) by the Chamber of Deputies, means that the burden of expanding the system will fall on consumers, making tariffs more expensive. The regulatory agency informed that the end of […]
Cryptocurrency Entrepreneur Loses 94% of His Fortune in One Day
Sam Bankman-Fried, the cryptocurrency entrepreneur known for providing financial salvation to struggling companies in the industry, now needs a bailout. Bankman-Fried, widely known as SBF, started this week firmly in the billionaire realm, with an estimated fortune of more than $15 billion, according to the Bloomberg Billionaire Index. After the collapse of his cryptocurrency exchange, […]
Amid the COP, oil company registers biggest IPO of the year on the London Stock Exchange
The world may be losing the fight against the climate crisis, but investors are still willing to throw money at oil and gas companies. That’s a lesson from Wednesday’s initial public offering (IPO) of Ithaca Energy, a North Sea oil and gas producer – which came as world leaders gathered for the UN climate summit […]
Tesla drivers will be able to make Zoom calls from their car
Tesla drivers will soon be able to make a video call directly from the vehicle’s touchscreen dashboard, Zoom announced Tuesday. The video calling provider announced during its annual Zoom conference, where it typically teases new features to support remote calling, that its software is coming to Tesla’s integrated entertainment center. In a pre-recorded demo video […]
Adidas says it’s still selling Kanye West sneakers, but without the Yeezy name
Adidas ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the musician’s anti-Semitic rant. But the sports brand will continue to sell the lucrative line of sneakers and apparel stripped of the Yeezy name and branding. The company said it is the sole owner of all design rights to the […]
October inflation should stay at 0.5%, according to FGV economist
October should interrupt the series of three consecutive months of deflation in Brazil, according to the expectation of the coordinator of the Consumer Price Index of the Brazilian Institute of Economics of the Getúlio Vargas Foundation (FGV Ibre), André Braz. The economist predicts that the change will remain at 0.5%, driven by the price of […]
Black Friday should move BRL 4.2 billion in 2022, says CNC
Black Friday in Brazil should move approximately R$ 4.2 billion in 2022, according to a survey released this Wednesday (9) by the National Confederation of Commerce in Goods, Services and Tourism (CNC). The value is 1.1% higher compared to the same date last year, discounting inflation. If CNC’s projection comes true, Black Friday will register […]