Brazil, Vietnam Discuss Plane, Beef Deals, and BRICS Summit

Brazil’s President Luiz Inacio Lula da Silva said on Friday Vietnam may buy Embraer planes and become a regional hub for Brazilian meat processing operations, as he met Vietnam’s President Luong Cuong in Hanoi. Brazil’s President Luiz also recognized Vietnam as a market economy, invited the nation to become the part of BRICS summit in Brazil this year, and pledged a Mercosur trade agreement with Hanoi. However, Hanoi has so far not accepted the invitation to become a formal partner of the club led by Brazil, Russia, India, China, and South Africa. Last year, Vietnam’s Prime Minister Pham Minh Chinh attended a BRICS summit as an observer for the first time.

It is the second visit of  Brazil’s President Luiz to Hanoi due to the pressure from the Trump administration to reduce its large trade surplus, which has promised to boost U.S. imports, including farm products like soybeans of which Brazil is the top explorer to the nation.

During a media conference with  Brazil’s President Luiz, Cuong said Vietnam was considering allowing Brazilian beef into the market.

Luiz said, “Opening the Vietnamese market to Brazilian beef would attract investment from the Brazilian meat packers to make the nation an export platform for Southeast Asia.”

The Brazilian food giants JBS is thinking of build a meat-processing plant in the northern Vietnam, its first in Asia, if Vietnam opens its market to Brazilian beef, as per the news sources.

Brazil’s President Luiz also mentioned that he was aware that flagship carrier Vietnam Airlines was positively analyzing Embraer’s offer for regional jets, noting Brazil wants to export planes to Hanoi.

Both nations signed a five-year action plan focused on defence, energy, agriculture and technology and other pacts, including one on goofball corporation.

Kyle Vogt’s New Robotics Startup Raises $150M

According to Reuters, the Bot Company, a robotics startup founded by former Cruise co-founder and CEO Kyle Vogt, has secured $150 million in a funding round led by Greenoaks.

Vogt launched the company alongside Paril Jain, former leader of Tesla’s AI tech team, and Luke Holoubek, a former software engineer at Cruise. Vogt has not yet responded to requests for comment.

This latest funding comes less than a year after The Bot Company’s inception. The startup, which aims to develop robots designed for household chores, originally debuted in May with $150 million in backing from high-profile investors, including former GitHub CEO Nat Friedman, Pioneer founder Daniel Gross, Spark Capital general partner Nabeel Hyatt, Stripe CEO Patrick Collison, Stripe co-founder John Collison, and Quiet Capital.

Vogt’s new venture emerged just five months after he departed from Cruise, the autonomous vehicle company he founded in 2013 and later sold to General Motors. He resigned from Cruise after an October 2 incident, when a Cruise vehicle ran over and dragged a pedestrian 20 feet after the pedestrian had been hit by a human-driven car.

The growing excitement in the robotics space is largely driven by humanoid-focused companies like Tesla (TSLA.O) and startups such as Figure, which is currently seeking funding at a $40 billion valuation despite generating little revenue. Meanwhile, Cobot, founded by former Amazon executive Brad Porter, has raised $146 million to develop non-humanoid robots designed for industrial automation. The significant capital required to build and scale these technologies highlights the complexities of developing robots that seamlessly integrate into everyday operations.

Sunita Williams and Butch Wilmore Return to Earth after Nine Months

Sunita Williams and Butch Wilmore return to Earth finally after nine months of stay at the International Space Stations due to unexpected delays. Their spacecraft, SpaceX’s Dragon FReedomcapsule, splashed down off the Florida coast near Tallahassee on Tuesday at 5.57 pm (3:27 am IST, Wednesday).

With Sunita and Butch, two more astronauts, Nick Hague and Aleksandr Grebonkin, reached the ISS in December as part of a rescue mission planned by SpaceX and NASA.

Sunita Willams and Butch Wilmore went to the ISS in June last year for a scheduled eight-day mission.  Their eight-day journey in space stretched to nine months due to a glitch in their Boeing spacecraft. The duo was the first crew to fly Boeing’s Starliner in a test flight. The faulty capsule came back to Earth last September.

After their 17-year-long journey, the astronauts were out of their scorched capsule after an hour, waving and smiling at the cameras while being hustled away in reclining stretchers for their routine medical checkups.

It is a moment of pride and relief as the whole world comes together to celebrate the safe return of both astronauts.

The Indian Space Research Organization (ISRO) extended a heartfelt welcome to NASA astronaut Sunita for her safe return. ISRO shared a warm message of “remarkable achievement” and appreciated the collective efforts of SpaceX, NASA, and the US in making significant contributions to advance the frontiers of space exploration.

Former ISRO Chief Dr G Madhavan Nair said Sunita’s return to Earth is a “proud moment” for the space community.

Sunita, capping her third spaceflight, will have tallied 608 cumulative days in space, the second most for any US astronaut after Peggy Whitson, who stayed in space for 675 cumulative days. The Russian cosmonaut, Oleg Kononenko,set the world record with 878 cumulative days in space last year.

India, New Zealand Restart FTA Talks After 10 Year-Gap

On Sunday, India and New Zealand finally announced the relaunch of FTA (free trade agreement) talks after a 10-year break. The announcement came on the eve of the meeting between Narendra Modi and New Zealand PM Christopher Luxon, who is on a four-day tour of India.

The final announcement was made after a meeting between the commerce minister, Piyush Goal, and Todd McClay, New Zealand’s minister of trade and investment.

In the statement, the commerce ministry said, the India-New Zealand FTA negotiations aim to obtain balanced results that improve supply chain integration and enhance market access.

This is the second attempt by both nations to sign an FTA. The first one was from 2010 to 2015. During that period, 10 rounds of discussion were done. One of the main sticking issues is New Zealand’s demand to access the Indian dairy markets. Dairy and agriculture are the most sensitive areas for negotiations. In no FTA that India has signed so far, has it agreed to open the door for the dairy market.

At present, India’s dairy imports from New Zealand are minimal; it is around $0.57. While India may think of limiting the value-added dairy products, it is against allowing raw dairy imports.

Another issue, as shared by Srivastava, was India’s demand for easier movements of its skilled professionals and better access for its IT and service sectors. India wanted New Zealand to grant career opportunities similar to those given to China and Australia, but New Zealand did not agree.

A significant hurdle in the renewed talk is the disparity in tariff structures. New Zealand’s average import tariff is just 2.3%. Over half of its tariff lines are duty-free. This means Indian goods already have significant access to the New Zealand market While India’s average tariff is around 17.8%. It means India will make a major reduction that makes traditional FTA less attractive for India.

Elon Musk and Mukesh Ambani Join Hands in Surprise Starlink India Internet Deal

Jio Platforms has announced a partnership with SpaceX to bring Starlink’s stale-powered broadband internet services to India. This decision, subject to regulatory approvals, is going to create a significant milestone in India’s digital connectivity growth. With this partnership, Jio promises to introduce high-speed, low-latency internet services for the Indian people, even in the most remote areas.

This association will enable Jio to offer Starlink solutions with its retail outlets and digital platforms and make satellite broadband services accessible to people nationwide.

With this partnership, the world’s leading Earth orbit saline internet providers, Starlink and Jio, will work together to expand broadband coverage across the country. The ultimate objective of this collaboration is to cover the digital divide by reaching remote locations of healthcare centers, schools, businesses, and more.

Under this deal, Jiio will offer Starlink equipment, installation, and activation support and establish a seamless customer connection. It will also enable the satellite connectivity of Starlink to complement Jio’s current broadband offerings. Jio’s existing services include JioAirFiber and JioFiber; this deal will extend high-speed internet services to regions where traditional fiber networks are tough to deploy.

The Group CEO of Reliance, Mathew Oommen, said that Jio’s top priority has been ensuring that every Indian has access to affordable and high-speed broadband regardless of where they live. By integrating Starlink into Jio’s broadband, we plan to expand our reach, improve the reliability and accessibility of high-speed broadband, and empower businesses and communities across India.

Both companies have formalized their agreement; Starlink’s launch in the country is still contingent on government approvals from the Department of Telecommunications and the Indian National Space Promotion and Authorization Center.

This partnership comes as India’s satellite broadband sector is continuously evolving with Jio’s joint venture with SES and Airtel-backed Eutelsa OneWeb securing GMPCS licenses.

IIFA Awards 2025: Kiran Rao’s ‘Laapataa Ladies’ Won 10 Awards

The International India Film Academy Awards (IIFA) 2025  celebrated its Silver Jubilee in Jaipur. The spectacular celebration witnessed Laapataa Ladies emerging as the best dominant winner, winning two prestigious awards. The film obtains awards for Best Picture, Best Direction by Kiran Rao, and acting wards for Ravi Kishan and Nitanshi Goel.

The popular Bollywood star, Kartik Aaryan, got the Best Actor Award for his performance in Bhool Bhulaiya 3. And, as mentioned, Nitanshi Goel was named Best Actress for her notable portrayal in Laapataa Ladies as Phool Kumari.

Some other significant winners include Raghav Juyal, who won Best Performance in a Negative Role for his remarkable performance in Kill. Ravi Kishan obtained the Best Performance in Supporting Role for his role in Laapataa Ladies; he performed very well and left a notable impact from his role.  Further, Jankia Bodiwala wins the award for performance in a supporting role for her character in Shaitaan. Partibha Ratna wins the award for Best Debut (Female) for her marvelous performance in Laapta Ladies. While Lakshya Lalwai wins the Best Debut (Male) for his role in Kill.

The legendary actor Rakesh Roshan received the Outstanding Achievement in Indian Cinema award, a remarkable honor for his contributions and significance to the film industry.

On this special day, Shahid Kapoor and Kareena Kapoor’s stage reunion captivated audiences and became a major highlight of the awards show. Further, the actress Kareena Kapoor paid homage to her grandfather, the legendary Bollywood star Raj Kajpor, with her performance on classic tracks, commemorating his 100 years in cinema.

This year’s IIFA award ceremony features a special celebration of the iconic film Sholay, marking the 50th anniversary.

US Reviewing Visa Programs: Afghanistan could be Included in Trump Travel Ban

President Donald Trump is set to implement a new travel ban that could bar Afghanistan and Pakistan from entering the US. This news is based on an executive order that directed the government to submit a list of countries from which travel should be partially or fully suspended. Other nations could also be on the list but it is still not clear.

The move is  to the travel restrictions placed during the first term of Trump on several Muslim-majority nations in 2017. It was upheld by the Supreme Court in 2018 but later revoked by the Joe Biden administration in 2021.

The US State Department is doing the full review of visa programs. A US official familiar with the situation informed me that Afghanistan could be among the nations included.

According to officials, the ban could come as soon as next week. It is still not clear if final decisions on countries and timing have been made.

If Afghanistan is included in the new travel ban policy, it would impact tens of thousands of Afghans who worked alongside the US during its two decades of war

there, as the new restriction would block Afghan nations from entering the USA.

Tens of thousands of Afghans have already been caught in limbo due to other Trump administration executive orders to suspend the US refugee admissions programs and the suspension of foreign aid funding for flights of Afghan Special Immigrant Visa holders.

AfghanEvac, a coalition of organizations, is continuously working to bring Afghan allies to safety after the Afghanistan War in 2021. The organization urged all Afghan nations having valid US visas to travel as soon as possible amid clear indications that a travel ban would affect Afghani nationals.

While there has been no official announcement. This policy change can significantly impact Afghan visa  holders who have been awaiting relocation to the US.

SpaceX’s Starship Spacecraft Explodes Midflight: Elon Musk Faces Another Setback

On Thursday, SpaceX’s Starship exploded minutes after lifting off from Texas. This explosion doomed an attempt to deploy mock satellites, the second consecutive failure this year after Musk’s Mars rocket program.

Several videos were shared on social media showing fiery debris streaking through the dusk skies near South Florida and the Bahamas after the Starship’s breakup in space. This occurred shortly after it began to spin uncontrollably with its engines cut off.

This failure occurred more than a month after the company’s seventh Starship flight ended in an explosive failure. These continuous mishaps happened in the early mission phases that SpaceX easily surpassed earlier. It indicates serious setbacks for Musck programs that were supposed to be speeded up this year.

The eighth test flight of Sarship, which is the biggest and most powerful rocket ever built, was launched from its Starbase site in South Texas.

The huge first-stage booster of Starship, known as Super Heavy, came back to Starbase for a launch-tower catch about seven minutes after liftoff as planned. However, the vehicle’s 171-foot-tall upper stage Starship witnessed a serious issue shortly, then it ended up exploding over the Atlantic Ocean.

The rocket was not carrying any astronauts. SpaceX stopped the live stream shortly after the launch and gave no information on where debris would fall.

Sharing about the incident, ShapcX said that the vehicle experienced a rapid, unscheduled disassembly and we lost contact. The team is coordinating with safety officials and we will check the flight data to understand the main cause of this explosion.

As debris scarred the different parts of the Caribbean, the Federal Aviation Administration issued ground stops of commercial flights at Fort Lauderdale, Palm Beach, Miami, and Orlando airports due to the space launch debris. Some flights were also diverse around Turks and Caicos.

BBVA Increases Sustainable Finance Target to 700 billion Euros

On Monday, Spanish bank BBVA has increased its sustainable lending target to 700 billion euros ($732.7 billion) over the next five years.

Previously, the lender had set a goal of 300 billion euros for 2018-2025. Last year, BBVA established a new global finance unit focused on clean technologies and innovation to accelerate its sustainability efforts.

“Business opportunity in the second part of the decade will be driven by solid investment in infrastructure and by the maturity of certain new clean technologies, which will make them profitable,” said Javier Rodriguez Soler, BBVA’s global head of sustainability and corporate and investment banking.

As public pressure mounts for action on climate change, countries and corporations are committing to reducing emissions. Banks, in turn, are increasing lending for clean energy initiatives while limiting financing for polluting industries.

However, environmental advocates fear banks could be influenced by political shifts, particularly under new U.S. President Donald Trump, and could row back on their sustainability pledges.

Last week HSBC (HSBA.L) pushed back its net-zero emissions target by two decades to 2050, citing the slow pace of economic transition. BBVA, which also aims to achieve net-zero emissions by mid-century, continues to finance coal but has pledged to end such financing by 2030 in developed nations and by 2040 in other regions.

Walmart Warns of a Slower 2025: A Bad Sign for America’s Economy

During America’s inflation crisis, shoppers have rushed to Walmart for groceries and clothing. They are looking for the best deals on all the essentials. But Walmart said that 2025 will be trickier as consumers are becoming frustrated with inflation and concerned about Donald’s tariffs.

Walmart said that its sales and profits would be low this year, sending its stock tumbling around 6%. In its statement, the company said its sales would go up to 4% and the profit would go around 5%. But this is short of investor expectations.

Walmart is the largest retailer in the US and a bellwether for consumer spending. Its project clearly demonstrates that the retail industry will face a tough year in 2025.

Customers earning more than $100,000 a year seeking to save on groceries have accelerated the growth of Walmart in recent years. The company built a robust online operation to compete with the giant e-commerce platform like Amazon. It allows customers to buy online and pick up in-store at those of its locations and Walmart+, a same-day delivery membership program.

Walmart said it will focus on navigating tariffs and overcoming other challenges.

US President Donald Trump recently enacted a 10% across-board tariff on goods from China and 25% tariffs on all steel and aluminum imports. For now, the tariffs are paused on Mexico and Canada until March.

Walmart expects a stable macroeconomic environment but also acknowledges that there are several uncertainties in consumer behavior and global economic and geopolitical conditions.

Walmart is better at handling tariffs than most other companies because it can easily apply its size and scales to reduce costs with suppliers. Smaller companies do not have this leverage and may have to increase the product cost for consumers. The company expects normal inflation this year of 1% to 2%, despite the hike in egg prices.

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