Elon Musk visits Brazil to discuss Amazon with Bolsonaro

Elon Musk visits Brazil to discuss Amazon with Bolsonaro


Brazil’s president Jair Bolsonaro gestures as he arrives at a hotel to participate in a news conference about the Amazon rainforest and to meet with Elon Musk, according to ministers, in Porto Feliz, Sao Paulo state, Brazil May 20, 2022.

Amanda Perobelli | Reuters

Elon Musk traveled to Brazil on Friday to discuss projects to protect the Amazon rainforest with President Jair Bolsonaro, ministers said, in a boost for the far-right leader who is facing increasing criticism at home and abroad for surging deforestation on his watch.

The visit by Musk, the SpaceX and Tesla chief executive who is in talks to buy social network Twitter, follows a meeting in November with Brazilian Communications Minister Fabio Faria. They spoke then about using SpaceX technology to bring the internet to rural schools and combat illegal deforestation.

Faria confirmed Musk’s visit “to discuss connectivity and protection of the Amazon” in a tweet on Friday and Bolsonaro’s chief of staff said the president himself would take part in the meeting. On Thursday, Bolsonaro spoke of an upcoming “meeting with an internationally recognized person coming to help our Amazon.”

Deforestation of the Brazilian Amazon has climbed to a 15-year high under Bolsonaro, who pushed for more mining and farming in the region, drawing criticism from world leaders and climate scientists.

That has added to growing isolation of Bolsonaro, who lost a key ally when former U.S. President Donald Trump failed in his 2020 re-election bid.

Musk is attending an event at an upscale hotel in the countryside near Sao Paulo, in the company of business leaders such as Telecom Italia Chief Executive Pietro Labriola and Banco BTG Pactual Chairman Andre Esteves, according to O Globo newspaper, which first reported the visit.

Flight-tracking websites showed Musk’s Gulfstream jet departing Texas and landing at the Catarina Executive Airport west of Sao Paulo on Friday morning.

Musk is set to meet with Bolsonaro, a conservative firebrand who defends Brazil’s 1964-1985 military dictatorship, as the entrepreneur describes his own politics drifting to the right. On Wednesday, Musk said that he previously voted for Democrats, but he will now vote for Republicans.

Bolsonaro was slow to acknowledge U.S. President Joe Biden’s win and has still not spoken to the Democrat since he took office, chilling relations between the two countries.

Adding to tensions, Bolsonaro visited Moscow for a friendly meeting with President Vladimir Putin just days before the Feb. 24 Russian invasion of Ukraine, which the Brazilian leader has refused to condemn.

Bolsonaro, who criticizes major tech firms for their efforts to combat misinformation on social media, celebrated the news that Twitter accepted Musk’s initial bid for the company. He has also tried for years to lure Tesla to Brazil, where the company lacks any retail presence.



Source

Asia markets open higher as investors await key economic data in the region
World

Asia markets open higher as investors await key economic data in the region

Here are the opening calls for the day Happy Friday from Singapore. Asia markets are set for a mixed open. Australia’s S&P/ASX 200 was set to start the day marginally lower with futures tied to the benchmark at 8,838, compared with the index’s last close of 8.873.8. Japan’s Nikkei 225 was set to open higher, […]

Read More
S&P 500 futures are little changed after benchmark notches another all-time high: Live updates
World

S&P 500 futures are little changed after benchmark notches another all-time high: Live updates

Traders work on the floor of the New York Stock Exchange (NYSE) on August 12, 2025 in New York City. Spencer Platt | Getty Images S&P 500 futures are near flat Thursday night following the benchmark index’s third straight record close. Futures tied to the benchmark index ticked down 0.1%, while Nasdaq 100 futures shed […]

Read More
Warren Buffett’s Berkshire Hathaway reveals new stake in beleaguered insurer UnitedHealth
World

Warren Buffett’s Berkshire Hathaway reveals new stake in beleaguered insurer UnitedHealth

People watch as Berkshire Hathaway chairman Warren Buffett is seen on a screen speaking at the Berkshire Hathaway annual shareholders’ meeting in Omaha, Nebraska, on May 3, 2025. Brendan McDermid | Reuters Warren Buffett’s Berkshire Hathaway revealed a new stake in troubled insurer UnitedHealth last quarter, according to a regulatory filing, a surprising buy because of the company’s current […]

Read More