Reuters

RIO DE JANEIRO/BRASILIA (Reuters) - Brazil's Senate on Tuesday approved a bill maintaining tax incentives for the meetings and conferences sector until the end of 2026, which now needs President Luiz Inacio Lula da Silva's approval to become law.

The bill, which had already been approved by the Lower House, sets a total cap of 15 billion reais ($2.89 billion) for post-pandemic tax benefits granted to the event industry through the so-called PERSE... (continue reading...)

By Echo Wang

(Reuters) - Cruise operator Viking Holdings priced its initial public offering within its targeted range at $24 per share on Tuesday, according to a person familiar with the matter.

The IPO raised $1.54 billion based on 64.04 million shares sold by the company and its existing investors. It infers a valuation of $10.35 billion on Viking, making it the biggest U.S. stock market debut of 2024.

The sources... (continue reading...)

By Nate Raymond

(Reuters) - An early investor in bitcoins dubbed the "Bitcoin Jesus" has been arrested in Spain on U.S. charges that he evaded paying at least $48 million in taxes, the U.S. Department of Justice said on Tuesday.

Roger Ver, 45, was charged with mail fraud and tax evasion in an indictment filed in federal court in Los Angeles that was unsealed following his arrest in Spain during the weekend, the department said.

By Mrinalika Roy

(Reuters) - The U.S. Justice Department is moving to make marijuana use a less serious federal crime with a proposal to reclassify the drug as on par with Tylenol with codeine, rather than heroin, according to sources.

Here are some ways those changes will affect business.

WHAT DOES RESCHEDULING ENTAIL?

Under the Controlled Substances Act, marijuana is listed as a schedule one substance,... (continue reading...)

(Reuters) -Australian retailer Woolworths on Wednesday said it will sell a 5% stake worth A$468 million ($302.84 million) in Endeavour Group , almost three years after spinning out the liquor store and pub operator.

The sale will happen via a block trade at a price of A$5.22 per share, Australia's largest supermarket operator said, adding that it would now own about 4.1% of Endeavour, which it spun out as a separate company in 2021.