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Huawei and ByteDance plan major investments in tech sectors in Brazil

Chinese tech giants Huawei Technologies and ByteDance are planning major investments in Brazil’s cloud infrastructure and artificial intelligence sectors, moves likely to deepen US concerns over Beijing’s expanding digital reach in Latin America.The Brazilian newspaper Folha de S. Paulo reported on Monday that Huawei is set to announce a deal with Dataprev – a state-run technology company that manages the country’s social data systems – to use its data centres. Huawei is also in talks with Edge UOL, a cloud services arm of Grupo UOL PagSeguro, which also owns Folha.Executives...
Currencies

Meet The Captain Who Made India Fly: Air Deccan’s One-Rupee Ticket Revolution

Captain Gopinath’s journey didn’t begin in a plush office or global boardroom. It began in the rugged terrain of the Indian Army, where discipline and tenacity were the currencies of survival. In 2003, India witnessed an aviation upheaval that few could have imagined. With a single symbolic one-rupee ticket, Air Deccan transformed from a risky startup into a household name. Behind this improbable flight path was Captain Gorur Ramaswamy Gopinath, a former Army officer who dared to question the inaccessibility of air travel in a country of over a billion...
Currencies

Binance enables PIX payments in Brazil using cryptocurrencies

Exchange Binance revealed the integration of Brazil’s PIX system with its cryptocurrency platform, allowing users to make payments in the local currency (BRL) using digital assets, such as Bitcoin, in real time. According to local media outlet E Investidor, this means that people and businesses all over Brazil can be paid by Binance users through PIX, the national instant payment system.With this integration, those with a Binance account can convert their crypto balance into BRL in an instant, practically facilitating instantaneous transactions.This is a significant step towards integrating traditional financial and...