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CPFL Energia (CPFE3) reported a substantial net profit of R$1.75 billion ($342.1 million) for the first quarter. This marked a 6.3% increase from the same period in 2023, driven primarily by its improved energy distribution operations. In contrast, their EBITDA reached a record R$3.86 billion ($756.9 million) during this quarter. This figure represented a 9.5% […]
Brazil Mobilizes Military in Major Flood Crisis
Brazil has responded to devastating floods by deploying over 20,000 military personnel in Rio Grande do Sul. This response, known as “Operation Taquari 2,” tackles the region’s severe flooding, the worst in its history. Defense Minister José Múcio and Army Commander Tomás Paiva announced the mobilization in Brasilia. They described the operation as comparable to […]