RIO DE JANEIRO: 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.
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.
X agrees to pay Brazil fines, court orders finances unblocked
https://arab.news/b8nrd
X agrees to pay Brazil fines, court orders finances unblocked
- 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
University of Hong Kong hosts the first Saudi Economic Forum to boost China–Saudi ties
- The high-level event served as a new platform for bilateral dialogue and cross-sector collaboration
RIYADH: The University of Hong Kong (HKU) has hosted the first-ever Saudi Economic Forum in Riyadh, bringing together nearly 100 senior officials, academics, and business leaders to deepen cooperation between China and Saudi Arabia in education, innovation, and economic growth.
Held under the theme “Enhancing the Global Competitiveness of Chinese and Saudi Institutions,” the forum marked a significant milestone in advancing strategic alignment between China’s Belt and Road Initiative and Saudi Vision 2030.
The high-level event served as a new platform for bilateral dialogue and cross-sector collaboration, with participants exploring joint opportunities in investment, technology, renewable energy, and artificial intelligence.
Professor Hongbin Cai, dean of the faculty of business and economics at HKU, said the university aspires to become a “knowledge bridge” between the two nations, leveraging its global standing and extensive international networks. He noted that educational collaboration would be a cornerstone of the Saudi–Chinese partnership.
Saudi Arabia’s Assistant Deputy Minister of Investment, Fahad Al-Hashem, emphasized the depth of the China–Saudi partnership, noting that bilateral trade now exceeds $150 billion, with a growth rate of around 30 percent annually.
He reaffirmed the Kingdom’s openness to partnerships with China’s leading universities and technology companies, particularly in future-focused sectors aligned with Vision 2030, including education, digital transformation, AI, and clean energy.
The forum featured panel discussions on cross-border education, global city development, and technology transfer, with experts stressing the importance of joint ventures in the digital economy and smart infrastructure.
Participants said Saudi Arabia could benefit from China’s successful experiences in energy transition, infrastructure modernization, and innovation ecosystems as it builds globally competitive cities and institutions.
The Saudi Economic Forum concluded with calls for sustained academic and corporate partnerships to enhance institutional excellence and global competitiveness. Organizers said the initiative will continue to facilitate knowledge exchange and support national transformation goals in both countries, namely in the fields of technology and innovation.
