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...It has so far distributed about R$35.5bn ($7bn). The UK legal case, the country’s largest-ever class action, is due to start in October....
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment....
...The retailer’s declining sales continued in the third quarter, falling 13 per cent in constant currency terms to R$830mn....
...In parallel to Renova, Samarco has separately made R$2.6bn in direct compensation payments....
...Burn’s luxury travel business that caters to LGBT+ consumers is 16 months into a compliance check, faces a bill to repay about £118,000 and has applied to a tribunal....
...Spending on R&D reached nearly 8 per cent of revenue last year, up from just over 2 per cent a decade ago....
...Research by political scientists John Sides, Michael Tesler and Lynn Vavreck first drew attention to the phenomenon in their 2019 book Identity Crisis, highlighting how Barack Obama’s approval rating trended...
...A day earlier, Toyota outlined R$11bn for its facilities in the country by the end of the decade....
...Michael O’Leary, Ryanair’s chief executive, on Wednesday said he expected delays in deliveries of new 737 Max aircraft to continue into next year....
...Stellantis has unveiled a R$30bn (US$6bn) programme to upgrade car production in Brazil, joining a $14bn wave of investment pledges by global carmakers in Latin America’s largest economy this year....
...Toyota has pledged to invest R$11bn ($2.2bn) in Brazil by the end of the decade, boosting president Luiz Inácio Lula da Silva’s goal to revive manufacturing in the South American nation....
...“We employ a consultancy to do our R&D claims for us because we haven’t got the time to fight the claims,” he said....
...Additional help by Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
...john.burn-murdoch@ft.com, @jburnmurdoch...
...John Burn-MurdochHello. Thanks for having me....
...Revenues meanwhile increased from R$140mn in 2022 to R$402mn last year. Textor says the target is to break even next year....
...michael.pooler@ft.com...
...After the Mariana disaster they had originally filed a lawsuit demanding R$155bn in compensation....
...A Brazilian court has ordered iron ore producer Samarco along with its owners Vale and BHP to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country’s worst environmental...
...A Brazilian court has ordered iron ore producer Samarco, along with its owners Vale and BHP, to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country’s worst environmental...
...Michael Lohan, chief executive of IDA Ireland, the foreign direct investment promotion agency, told the Financial Times that new rules proposed by Brussels last year risk further widening the gap between...
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment. Read more here....
...Brunswick announced that chief operating officer Helen James will leave the firm and will be replaced by current UK managing partner Tom Burns....
...As its workers scrub butchery equipment, they have sometimes suffered injuries that include acid burns from cleaning agents and even, in a few cases, amputation....
...The company, which at the start of the year uncovered accounting irregularities now estimated at R$25bn ($5.1bn), said the binding agreement covered 35 per cent of its debt....
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