Skip to content
Bull Bear Daily

Bull Bear Daily

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2024
  • August
  • 30
  • Lula says Musk must respect Brazil’s top court as X braces for shutdown

Lula says Musk must respect Brazil’s top court as X braces for shutdown

Bull Bear Daily August 30, 2024
2024-08-30T122415Z_2_LYNXMPEK7T0FI_RTROPTP_4_BRAZIL-ECONOMY-CENTRALBANK

SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Friday that billionaire Elon Musk must respect the rulings of the country’s Supreme Court, amid an ongoing feud that left social media giant X on the brink of being taken down in Brazil.

X was still working normally in Brazil on Friday morning, but the platform said on Thursday that it expected Supreme Court Justice Alexandre de Moraes to order a shutdown “soon,” after a court-imposed deadline for the company to identify a legal representative in Brazil expired.

Amid the underlying feud over X, the court also blocked the local bank accounts of Musk’s Starlink satellite internet firm, which a source told Reuters was a response to the lack of legal representatives in Brazil for the social media platform.

Under Brazilian laws governing the internet, social media must have a representative based in the country. To shut down X’s operations in Brazil, justice Moraes would have to order telecommunication companies to stop carrying X traffic.

Users, however, would still be able to dodge the blockage by using VPNs.

(Reporting by Lisandra Paraguassu; Writing by Luana Maria Benedito; Editing by Gabriel Araujo)

Continue Reading

Previous: GM delays additional $330 million investment in Thacker Pass, Lithium Americas says
Next: US FDA approves Emergent’s smallpox vaccine for people at high risk of mpox

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Recent Posts

  • US Treasury chief sees 100 countries getting 10% reciprocal tariff
  • Analysis-Platinum prices have limited upside after June’s stellar rally
  • Japan PM Ishiba says President Trump may be misinformed on some tariff issues
  • US Treasury chief sees 100 countries getting 10% reciprocal tariff
  • US drillers cut oil and gas rigs for 10th week in a row, Baker Hughes says

You may have missed

  • Newsletters

US Treasury chief sees 100 countries getting 10% reciprocal tariff

Bull Bear Daily July 3, 2025
2025-07-03T155111Z_1_LYNXMPEL620VU_RTROPTP_4_PRECIOUS-PLATINUM
  • Business

Analysis-Platinum prices have limited upside after June’s stellar rally

Bull Bear Daily July 3, 2025
2025-07-03T141438Z_1_LYNXMPEL620RC_RTROPTP_4_JAPAN-ELECTION

Japan PM Ishiba says President Trump may be misinformed on some tariff issues

Bull Bear Daily July 3, 2025
2025-07-03T190704Z_1_LYNXMPEL6213E_RTROPTP_4_USA-CONGRESS-TAX

US Treasury chief sees 100 countries getting 10% reciprocal tariff

Bull Bear Daily July 3, 2025
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Bull Bear Daily | bullbeardaily.com