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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....
...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....
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment....
...The music cruises along for over an hour at a midtempo pace, rarely breaking into the sweat implied by the steamier tracks....
...A day earlier, Toyota outlined R$11bn for its facilities in the country by the end of the decade....
...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....
...michael.stott@ft.com...
...In the last fiscal year, R&D costs were equal to 7.8 per cent of revenue, up from 3.3 per cent in 2014. But it has not been willing to fund a new supply chain for mass car production....
...richard.waters@ft.com Letter in response to this article: Driverless cars in search of Edison lightbulb moment / From Michael Ayres, San Francisco, CA, US...
...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....
...Additional reporting by Lauren Fedor in Washington and Michael Acton in San Francisco...
...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...
...One marine insurance expert said the liability insurance payout, including bridge damage, could rival the approximately $1.5bn paid after the crash of the Costa Concordia cruise ship in 2012, a record....
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment. Read more here....
...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....
...General Motors scaled back plans for its self-driving Cruise unit last year following an accident while testing on public roads, while Ford pulled out of the technology altogether to focus on driver-assistance...
...“Bye” is midtempo disco that coasts by on cruise control until coming to a perfunctory halt....
...In March, Russia fired hundreds of cruise and ballistic missiles at Ukrainian energy facilities and civilian infrastructure....
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