EconomyLens.com
No Result
View All Result
Saturday, June 20, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

X agrees to pay Brazil fines, court orders finances unblocked

Natalie Fisher by Natalie Fisher
October 1, 2024
in Business
Reading Time: 3 mins read
A A
0
53
SHARES
665
VIEWS
Share on FacebookShare on Twitter

X had informed the court it would pay fines to the tune of some $5.2 million, according to a court ruling. ©AFP

Rio de Janeiro (AFP) – A Brazilian judge on Tuesday ordered the unblocking of the bank accounts of Elon Musk’s X in the country after the social media platform agreed to pay more than $5 million in fines. The ruling by Supreme Court Justice Alexandre de Moraes paves the way for the suspension of X to be lifted in Brazil, where it has been off-limits to users since August 31 in a standoff over disinformation between the judge and Musk. Moraes ordered X shut down in Latin America’s biggest country after Musk refused to remove dozens of right-wing accounts and then failed to name a new legal representative in the country as ordered.

Related

Qantas to launch non-stop Sydney-London flights in October 2027

Adidas runs out of letter ‘V’ as German fans snap up World Cup shirts

BMW downgrades 2026 targets on Mideast war, China woes

EU admits it can’t save discontinued video games

Murdochs’ Fox to acquire US streaming giant Roku

In his latest decision, the judge ordered Brazil’s central bank to unblock X’s bank accounts so it can receive transfers and “immediately make payment of the fines indicated.” X had informed the court it would pay fines to the tune of some $5.2 million, according to the ruling. High-profile judge Moraes has been engaged in a long feud with Tesla and SpaceX owner Musk as part of his drive to crack down on disinformation in Brazil.

The clash between the Brazilian court and the billionaire has morphed into a high-stakes tussle testing the limits of both freedom of expression and corporate responsibility in South America’s largest country. X had more than 22 million users in Brazil before the ban, which was put into place on August 31. The company has in the last week started complying with the Brazilian court’s conditions to get reactivated. Musk has repeatedly hit out at Moraes in social media posts, calling him an “evil dictator” and dubbing him “Voldemort” after the villain from the “Harry Potter” series.

© 2024 AFP

Tags: BrazilElon Musksocial media
Share21Tweet13Share4Pin5Send
Previous Post

California passes law allowing Dutch-style cannabis cafes

Next Post

Oil extends rally after Iran attack, Hong Kong soars again

Natalie Fisher

Natalie Fisher

Related Posts

Business

Timeline of Trump-linked resort project in Albania

June 15, 2026
Business

France shuts down dozen Israeli stands at defence trade show

June 15, 2026
Business

Starbucks Korea to close outlets for history lesson after ‘Tank Day’ fiasco

June 15, 2026
Business

Spielberg’s ‘Disclosure Day’ debuts atop N. America box office

June 14, 2026
Business

London, Tokyo agree $24-bn investment deal

June 14, 2026
Business

World Cup venues scrub branding, get new names for tournament

June 15, 2026
Next Post

Oil extends rally after Iran attack, Hong Kong soars again

Oracle to invest $6.5 bn in Malaysian cloud services region

France says coming tax hikes on the wealthy to be 'temporary'

X agrees to pay Brazil fines, court orders finances unblocked

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Diplomats hold US-Iran preparatory discussions at Swiss retreat

June 20, 2026

‘Like China’: Cubans welcome reforms but exiles remain skeptical

June 19, 2026

Hormuz ship traffic climbs after war deal: trackers

June 19, 2026

Russia signals slower rate cuts amid high Ukraine war spending

June 19, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.