YouTube suspends payments to 14 Brazilian channels over spreading fake news

In a statement YouTube said, it had suspended payments to 14 channels accused of spreading fake news on Brazil’s next year’s election by the country’s federal electoral court, the TSE. The bulk of these channels regular provide full support Brazilian President Jair Bolsonaro, a far-right former army captain who has been sowing doubts about the…

Cyberattack results in partial outage of Brazilian medical lab Fleury SA

In a regulatory filing, Brazilian medical lab company Fleury SA said, a cyberattack had resulted in the partial outage of its information technology systems. The company is assessing the impact of the cyberattack and is taking actions to minimize its effects. It would inform the market in a timely manner regarding any relevant updates on the…

Brazil backs U.S.-led global alliance for Huawei-free 5G Network

In a significant development, the Brazilian government said it has backed Washington’s push to build a global alliance of Clean Network that excludes technology companies that are manipulated by governments including China’s Communist regime. The development came in the wake of Keith Krach, U.S. Under secretary of state for economic growth, energy and environment, advising…

U.S. private equity firm General Atlantic LLC and SoftBank Group Corp invests $107 million in Brazilian facial recognition startup Acesso Digital

In a statement Brazil’s facial biometrics and digital admission startup Acesso Digital said, Japan’s SoftBank Group Corp and U.S. private equity firm General Atlantic LLC are leading a $107.25 million (580 million reais) funding round. Following the investment, both, General Atlantic and SoftBank, will hold a minority stake in Acesso Digital. Founded in 2007, Acesso…

Brazil signs technology safeguard agreement with the U.S.

In a development that paves the way for U.S. companies to use Brazil’s Alcantara base in the Northeastern-state of Maranhao to launch satellites, the Brazilian Senate has approved the ratification of an agreement signed earlier this year to safeguard U.S. space and defense technology. The agreement was earlier signed in March 2019 during an official…

Brazilian fintech Nubank raises $400 million in 7th funding round

Nubank was valued at more than $10 billion in its latest funding round. In a statement Brazilian fintech startup Nubank stated, it has raised $400 million in a new funding round led by TCV, a U.S. investment firm. Its existing investors include China’s Tencent Holdings Ltd, Ribbit Capital, DST Global, Dragoneer, and Sequoia Capital. Thrive…