Suzano (SUZB3), a Brazilian pulp and paper giant, saw Q1 profit plunge 95% to R$220 million ($43.14 million). This sharp decline stemmed from currency fluctuations affecting debt and derivatives. EBITDA totaled R$4.558 billion ($893.33 million), marking a 26% year-over-year drop. Net revenue reached R$9.459 billion ($1.854 billion), showing a 16% decline. Lower net dollar prices […]
Related Posts
Passport Chats Lead to Uruguayan Foreign Minister’s Exit
Francisco Bustillo, Uruguay’s Foreign Minister, stepped down this Wednesday following leaked audio recordings. In these recordings, he seemingly asked former Deputy Minister Carolina Ache to withhold chats. These chats were about a passport for Sebastián Marset, an alleged drug dealer. Local media first reported the resignation. Bustillo later confirmed it in an official statement. He […]
Israel Leads in Exporting Lab-Grown Beef
Israel has recently become a key player in the cultivated beef sector, having received approval to sell and export lab-grown beef. The country joins the US and Singapore in allowing the sale of lab-grown beef, with Aleph Farms receiving authorization from the Ministry of Health. Aleph Farms meets health standards, but the lab-grown beef industry […]
The making of a Facebook account heist
Have you ever wondered what would happen if you lost your Facebook account overnight? For some of us, this is not a hypothetical scenario but a harsh reality. In fact, in many cases, their accounts are hacked by cybercriminals from Vietnam, who use them for various shady purposes or sell them on the black market. […]