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Temu moves closer to Brazil debut with approval for tax benefit May 20, 2024 05:43PM

SAO PAULO (Reuters) - Chinese e-commerce retailer Temu has been certified for a tax benefit program by Brazil's government that exempts goods up to $50 from import fees, according to the country's federal revenue office's website on Monday, bringing the company closer to expanding its business to Latin America's largest economy.

WHY IT’S IMPORTANT

Inclusion in Brazil's tax exemption program "Remessa Conforme" is an advantage most... (continue reading...)


Bitcoin rises to $70,206 May 20, 2024 05:25PM

(Reuters) - Bitcoin rose to $70,206 at 20:03 GMT on Monday, adding $3,931 to its previous close.

The world's biggest and best-known cryptocurrency is up 82.3% from the year's low of $38,505 on Jan. 23.

Ether, the coin linked to the ethereum blockchain network, rose 13.3% on Monday to $3500.

The approval and launch of spot bitcoin exchange-traded funds in the U.S. this year has opened the asset class to new investors and... (continue reading...)


Keysight forecast third-quarter profit below estimates on slow demand May 20, 2024 05:21PM

(Reuters) - Electronic equipment maker Keysight Technologies forecast third-quarter profit below estimates on Monday, anticipating slow demand in electronics industrial markets amid high borrowing costs.

Shares of Keysight, which provides electronic design, testing and software products such as oscilloscopes and network emulators, were down 2.9% in aftermarket trading.

California-based Keysight said it expects third-quarter profit to be... (continue reading...)


Automakers back key parts of new US EPA vehicle emissions rules May 20, 2024 05:20PM

WASHINGTON (Reuters) - A trade group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers on Monday backed two key portions of new U.S. rules to dramatically cut vehicle emissions through 2032.

The Alliance for Automotive Innovation said it was filing in support of the Environmental Protection Agency in including electric vehicles in fleetwide averaging of emissions and excluding upstream emissions from compliance... (continue reading...)


ICC's Khan puts his office back on collision course with Washington May 20, 2024 04:51PM

By Stephanie van den Berg

THE HAGUE (Reuters) - The British lawyer and prosecutor who helped end a U.S. policy against the International Criminal Court on Monday requested an arrest warrant for Israeli Prime Minister Benjamin Netanyahu, putting his office back on a collision course with Washington.

Karim Khan, who became chief prosecutor of the world's first permanent war crimes court in 2021, asked pre-trial judges to order the arrest of... (continue reading...)


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