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...“We do a lot of R&D across our [priority] diseases — and now these amazing foundations are also increasing what they do.”...
...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....
...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....
...In parallel to Renova, Samarco has separately made R$2.6bn in direct compensation payments....
...The sum includes R$37bn already disbursed for compensation and repairs....
...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....
...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....
...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...
...The São Paulo-headquartered corporation has already paid out R$3.8bn in compensation, financial aid and relocation support under a redress scheme....
...Most prominent among the city’s plans is a R$1bn subsidy package for companies that renovate old or abandoned buildings....
...Of the R$1.4tn ($290bn) of investments targeted by 2026, there is to be $76bn of federal funding....
...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.”...
...On a call with investors following the earnings release, Arm’s chief executive Rene Haas credited an “AI R&D supercycle” for a boost in licensing revenues during the quarter, as smartphone and PC makers...
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