BRASILIA (Reuters) – Brazil’s government is working on additional revenue measures to be announced in the second half of this year, said Revenue Chief Robinson Barreirinhas on Monday, highlighting confidence that this set of actions will improve public accounts. Speaking at a news conference on the 2024 budget bill, Barreirinhas stated that the measures would…
(Reuters) – Activist investor Trillium Capital said on Monday stock-photo company Getty Images Holdings Inc should expand and create partnerships with technology firms and publishers to grow its revenue. Last week, Trillium asked Getty for a board seat and urged the company to evaluate strategic options including a sale. According to Trillium’s Monday statement, Getty…
(Reuters) – Activist investor Trillium Capital said on Monday stock-photo company Getty Images Holdings Inc should expand and create partnerships with technology firms and publishers to grow its revenue. Last week, Trillium asked Getty for a board seat and urged the company to evaluate strategic options including a sale. According to Trillium’s Monday statement, Getty…
By Akash Sriram (Reuters) -Tesla Inc’s first-quarter margins are anticipated to have hit a more than three-year low as the electric-vehicle maker slashed prices to lure more buyers in the face of rising competition and a weak economy. The world’s most valuable automaker, which commands over half of the U.S. EV market, cut sticker prices…
By Marc Jones LONDON (Reuters) – The head of the Bank of International Settlements has warned that years of fighting economic crises have created conditions that are pushing the limits of stability when it comes to the international financial system. Agustín Carstens, general manager of the BIS, which is dubbed the central bankers’ central bank,…
By Andrea Shalal WASHINGTON (Reuters) -The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by some countries for a lower price cap to restrict Moscow’s revenues. The G7 and Australia made the decision to maintain…
By Lucia Mutikani WASHINGTON (Reuters) – Confidence among U.S. single-family homebuilders improved for a fourth straight month in April as a dearth of previously owned homes and falling mortgage rates boosted demand for new houses, but a shortage of building materials remained a challenge. Other data on Monday showed manufacturing activity in New York state…
By Sheila Dang (Reuters) -Montana lawmakers on Friday passed a bill to ban popular short-form video app TikTok from operating in the state, the latest threat to the Chinese-owned app’s existence in the U.S. The bill, known as SB 419, would prohibit mobile app stores from offering TikTok for download to users in Montana. The…
WASHINGTON (Reuters) – The U.S. Internal Revenue Service provided live assistance to 87% of taxpayers’ phone calls during the 2023 tax filing season, up from 15%, due to customer service hires made possible by $80 billion in new IRS funding over a decade, the U.S. Treasury said on Monday. As Tuesday’s tax filing deadline approached,…
By Brendan Pierson (Reuters) -E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc, on Monday settled claims by the state of Minnesota that accused them of fueling teen vaping addiction. The settlement was announced by Minnesota Attorney General Keith Ellison and by Juul as a trial in the case,…
