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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....
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...Net revenue at Avon International fell to about R$1.46bn ($295mn) in the third quarter, down 2.3 per cent year on year on a constant currency basis with higher pricing offsetting an expected shortfall in...
...The retailer’s declining sales continued in the third quarter, falling 13 per cent in constant currency terms to R$830mn....
...The reforms to the National Planning Policy Framework (NPPF) introduced by Michael Gove at the Department for Levelling Up, Housing and Communities removed mandatory house building targets and reduced the...
...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....
...Michael Wade London SW1, UK...
...“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....
...The council is an addition to the BCC’s traditional structure in which 53 local chambers, each with their own member companies, feed into local and national policymaking....
...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....
...“This is a wake-up call for the Chinese government,” said AmCham president Michael Hart. “Companies will not stay in the market long term if they’re not making profits.”...
...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...
...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....
...After initial votes in both the lower house and the senate, the bill needs secondary approval from both chambers, before it can be signed into law by Lula....
...michael.stott@ft.com...
...Letter in response to this article: Let down by the theatre of the House of Commons / From Michael Wade, London SW1, UK...
...Michael Chambers fell in love with movies when he was six years old, but it wasn’t until he sold his legal publishing business that he could fulfil a life-long dream of owning a cinema of his own....
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