(Reuters) -The Brazilian trade panel known as Gecex-Camex decided on Wednesday to bring forward a tariff increase schedule for disassembled electric and hybrid vehicles imports, it said in a statement.
Fully or partially disassembled vehicles, known as CKDs and SKDs, will be subject to a 35% import tax from January 2027, and no longer in July 2028, Gecex-Camex said. They are currently charged a 14% levy, according to the government.
On... (continue reading...)
By Jasper Ward
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday likened new savings accounts in a bill President Donald Trump this month signed into law to "a backdoor for privatizing Social Security," speaking at an event sponsored by Breitbart.
The accounts, which were part of Trump's sweeping tax-cut and spending bill, are meant to encourage new parents by offering a one-time $1,000 government contribution.... (continue reading...)
PANAMA CITY (Reuters) -Panama's comptroller general, Anel Flores, said on Wednesday he had filed suit to the nation's Supreme Court against a contract to operate ports near the Panama Canal, held by a local firm controlled by Hong Kong-based CK Hutchison.
Flores said the two suits were to declare the unconstitutionality and to nullify the contract to operate the Balboa and Cristobal ports. The Supreme Court would still need to accept the request to hear... (continue reading...)
LONDON (Reuters) -Two-thirds of British retailers expect to raise prices further over the next year as April's employer tax increases continue to drive up costs, a survey of finance chiefs showed on Thursday.
Trade body the British Retail Consortium said its survey of finance leaders at retailers together representing over 9,000 stores found 85% raised prices in their businesses after the government hiked employer National Insurance contributions and the... (continue reading...)
(Reuters) -Grab Holdings beat Wall Street expectations for second-quarter revenue on Wednesday, as consumers boosted spending on its ride-hailing and food delivery platform despite global economic uncertainty.
The Singapore-based company reported revenue of $819 million, above analysts' expectations of $811.3 million, according to LSEG data.
Grab's push to turn its platform into a superapp, integrating ride-hailing, food and grocery delivery,... (continue reading...)
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