When it came to the production of Luca Castellani and Aly Muritiba’s short film America, art really did imitate life. The story follows Tom, a Brazilian immigrant trying to make his way in the United States, as he meets and…
When it came to the production of Luca Castellani and Aly Muritiba’s short film America, art really did imitate life. The story follows Tom, a Brazilian immigrant trying to make his way in the United States, as he meets and…
Onlookers were dazzled on the night of Oct. 16 when a bright green fireball blazed earthward in the skies over several Eastern Seaboard U.S. states, leaving a short-lived glowing trail in its wake as it streaked earthward before flaring and…
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Ella Purnell, who plays Lucy MacLean in the series adaptation of the video game, recently teased…
Prominent research studies have suggested that our planet is currently experiencing another mass extinction, based on extrapolating extinctions from the past 500 years into the future and the idea that extinction rates are rapidly accelerating.
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Mangalam and his team analyzed saliva from 50 people with relapsing-remitting MS (RRMS), which is the most common form of MS, and 50 without MS, using shotgun metagenomic sequencing and untargeted metabolomics.
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SAO PAULO, Oct 22 (Reuters) – Brazilian power company Eletrobras announced on Wednesday it is changing its name to Axia Energia, in a development it said will not impact any contractual, business, or regulatory commitments established by the firm.
In a securities filing, Eletrobras also said its Sao Paulo-listed ordinary shares’ ticker “ELET3” will change to “AXIA3” starting on November 10, adding the new identity will be gradually incorporated into all its communications and assets.
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The new name removes reference to Brazil, a legacy of the state’s ownership of the company. Eletrobras’ privatization process was completed in mid-2022, although the Brazilian government continues to have almost 30% of its total shares.
The company is responsible for 17% of the country’s power generation capacity and 37% of the total transmission lines in the national interconnected system. Its installed capacity has 81 plants, 47 of which are hydroelectric, 33 wind and one solar.
The Brazilian government pledged this year to no longer question its 10% voting limit in the company, imposed on any shareholder or group of shareholders, in exchange for more representation on the firm’s board.
President Luiz Inacio Lula da Silva has always opposed the way the company was privatized during former President Jair Bolsonaro’s term.
Reporting by Isabel Teles, Alberto Alerigi Jr. and Roberto Samora; Writing by Fernando Cardoso; Editing by Brendan O’Boyle and Diane Craft
Our Standards: The Thomson Reuters Trust Principles.
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Citigroup has elected chief executive Jane Fraser as chair of the US bank’s board of directors and is paying her a one-off $25mn bonus, underscoring her leadership position atop the lender as it pursues a radical overhaul.
When Fraser became chief executive in 2021, Citi split the CEO and chair roles, with John Dugan acting as chair.
“Citi is in a fundamentally different place than it was when these roles were separated,” Dugan, who will now be Citi’s lead independent director, said in a statement. “Jane’s very deliberate plan to make Citi a simpler and more focused bank has created meaningful shareholder value.”
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