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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 announcement follows a string of major funding promises by car manufacturers in Brazil this year, including Volkswagen, General Motors and Hyundai....
...“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.pooler@ft.com...
...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....
...Ireland has transformed its economy in recent decades, luring investment with low tax rates, a skilled workforce and expertise, as well as EU membership, and life sciences is a major sector....
...Yet many of its own major clubs have long underperformed off the pitch — and are barely known outside of Brazil....
...Mexico has become the latest major Latin American country to cut interest rates, easing its restrictive policy with inflation well below its peak and putting the region at the forefront of the global easing...
...Analysts say that’s a major reason for Goldman’s stellar performance this past quarter....
...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...
...In “R&B”, singer Lily Fontaine contrasts the style of music she’s expected to write as a mixed-race woman, the titular R&B, with the music she wants to write....
...Here to talk about it is the FT’s Michael Pooler. Hey, Michael. Michael PoolerHi there. Kasia BroussalianAll right, so give me the rundown here. What sort of red flags has Lula raised recently?...
...Nemer said committing to funding levels of $10bn-$15bn for R&D would be justified to tackle other pathogens....
...It is planning a R$21bn (US$4.3bn) green H2 investment at the Suape port in Pernambuco state. “We will be competing with other countries that offer highly competitive scenarios.”...
...The Polo Lounge in the Beverly Hills Hotel has been a Tinseltown fixture since its doors opened in 1941, so is an appropriate place for lunch with Michael Douglas....
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment. Read more here....
...There is another side to this coin, which is that not speaking up isn’t just about major problems like Boeing not getting fixed....
...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....
...The world’s fastest-growing major smartphone maker is now Transsion, the Shenzhen-based manufacturer behind the Tecno, Itel and Infinix brands....
...Many of the world’s major oil companies reported some pretty strong earnings....
...“Apple has a pattern of increasingly non-transparent disclosure practices, and we rate them worst in class in terms of quality of disclosure among the major tech platforms,” said Nicholas Rodelli at CFRA...
...The situation will be on the radar of the leftwing administration of President Luiz Inácio Lula da Silva, not least since Braskem’s other main shareholder is the state-controlled oil major Petrobras....
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