Gabriela Mello

Brazil's TIM says M&A not only option, plans fiber unit spinoff

Jul 30 2020

SAO PAULO Brazilian wireless carrier TIM Participacoes SA can thrive even if its joint bid for Oi's mobile assets fails, Chief Executive Pietro Labriola said on Thursday, as the company foresees better results despite the pandemic.

UPDATE 2-Brazil's Ambev sees volumes rise, with slower margin recovery

Jul 30 2020

SAO PAULO, July 30 Brazilian brewer Ambev SA's sales have rebounded from an April low, executives said on Thursday, forecasting further gains after the coronavirus crisis halved its quarterly income.

Telefonica Brasil's second-quarter profit beats expectations; plans fiber unit

Jul 29 2020

SAO PAULO Telefonica Brasil SA's second-quarter results were pressured by the impact of the coronavirus outbreak on the economy but it still exceeded expectations as operations began to improve in June.

UPDATE 1-Carrefour Brasil sees e-commerce pick-up; shares jump after results

Jul 28 2020

SAO PAULO, July 28 Carrefour Brasil SA's sales growth especially in e-commerce has picked up during the coronavirus pandemic, a trend likely to persist as the retailer prepares to launch a new digital platform this year, executives said on Tuesday.

Brazil retail sales rose at record pace in May, suggesting economic rebound likely

Jul 08 2020

SAO PAULO Brazilian retail sales jumped at record pace in May, official figures showed on Wednesday, suggesting the economy could be on a recovery path as authorities gradually lift social isolation measures taken to curb the spread of the novel coronavirus.

Huawei says U.S. pressure on Brazil threatens long delays in 5G rollout

Jul 07 2020

SAO PAULO A Huawei Technologies executive warned that Brazil could suffer years of delay in deploying a 5G telecoms network and higher costs if it succumbs to mounting U.S. pressure to snub the Chinese equipment supplier.

In Brazil, delivery drivers for Uber, Rappi and others protest amid pandemic

Jul 01 2020

SAO PAULO More than a thousand food delivery drivers on motorcycles gathered in São Paulo on Wednesday to protest their work conditions, set by Uber Technologies Inc and makers of other apps, as their services remain in high demand due to coronavirus lockdowns.

Special Report: As world approaches 10 million coronavirus cases, doctors see hope in new treatments

Jun 28 2020

By Nick Brown, Deena Beasley, Gabriela Mello and Alexander Cornwell

Diageo bets on ecommerce in Brazil to make up for closed bars and restaurants

Jun 26 2020

SAO PAULO, June 26 Diageo Plc, the world's largest spirits maker, has doubled efforts to strengthen its presence in e-commerce channels in Brazil as the coronavirus pandemic triggered lockdowns, driving customers to drink at home, a company executive said on Friday.

Special Report: As world approaches 10 million coronavirus cases, doctors see hope in new treatments, lessons learned

Jun 26 2020

By Nick Brown, Deena Beasley, Gabriela Mello and Alexander Cornwell

World News

UK, Germany and Italy detect Omicron coronavirus variant cases

LONDON/BERLIN/AMSTERDAM (Reuters) -Britain, Germany and Italy detected cases of the new Omicron coronavirus variant on Saturday and British Prime Minister Boris Johnson announced new steps to contain the virus, while more nations imposed restrictions on travel from southern Africa.