Falling yields reduced individuals' investments in bonds and bonds
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Social network X, formerly Twitter, has been banned in Brazil after failing to meet a deadline set by a Supreme Court judge to appoint a new legal representative in the country.
Alexandre de Moraes ordered the "immediate and complete suspension" of the social media platform until it complies with all court orders and pays existing fines.
The standoff began in April, with a judge ordering the suspension of dozens of X accounts on the grounds that they were spreading false information.
Reacting to the decision, the owner of "X", Elon Musk, said: "Free speech is the foundation of democracy and a pseudo-judge in Brazil is destroying it for political purposes." The social media network is said to be used by at least a tenth of the country's 200 million people.
The head of Brazil's telecommunications agency, which has been tasked with suspending the platform, said he was "proceeding with compliance" to do so, according to Reuters news agency.
Justice Moraes has given companies like Apple and Google a five-day deadline to remove "X" from its app stores and block its use on iOS and Android systems.
He added that people or businesses using tools such as VPN (virtual private network) to access the platform could be fined 6,700 euros./ CNA
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