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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....
...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....
...SELL: Aston Martin Lagonda (AML) The luxury carmaker is spending cash faster than it has raised investment, writes Michael Fahy....
...HOLD: ITM Power (ITM) The turnaround plan at the hydrogen company is showing hopeful signs, writes Mark Robinson....
...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....
...“That sustained pressure has impacted small and mid-sized firms first because they’ve had less flexibility to adapt,” explains Jo Robinson, UK and Ireland turnaround and restructuring strategy leader of...
...SELL: Kingfisher (KGF) A new plan has been concocted in a bid to boost profitability of underperforming French DIY chain, writes Michael Fahy....
...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....
...Additional reporting by Lauren Fedor in Washington and Michael Acton in San Francisco...
...Even before 2016, when Michael Gove declared that “people in this country have had enough of experts”, Britons were already suspicious of expertise....
...The São Paulo-headquartered corporation has already paid out R$3.8bn in compensation, financial aid and relocation support under a redress scheme....
...Sanford Michelman of Michelman and Robinson, counsel for Kassan, said: “Michael Kassan agreed to sell MediaLink, the company he founded, to UTA because he was led to believe it would be a great partnership...
...Most prominent among the city’s plans is a R$1bn subsidy package for companies that renovate old or abandoned buildings....
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