In a decisive action, Brazil’s Chamber of Deputies passed a law to tax foreign online purchases under $50 by 20%. Chamber President Arthur Lira and President Luiz Inácio Lula da Silva scaled down the initial 60% decision after discussions. This decision is part of the broader Green Mobility and Innovation Program (Mover), now moving to […]
Related Posts
Discovering Porto de Galinhas: a jewel in the northeast of Brazil
Porto de Galinhas is a sought-after travel destination in Brazil’s Northeast, constantly attracting travelers eager to explore the region’s magnificent landscapes. Situated in Ipojuca, Pernambuco state, its beaches, and natural tidal pools often leave visitors astounded, drawing parallels with the captivating waters of the Caribbean. Stretching over 18 kilometers, there are ten distinct beaches. Each […]
Mexico’s Leader Predicts $63 Billion in 2023 Remittances
Mexico’s President, Andrés Manuel López Obrador, expects remittances to go beyond $63 billion by 2023’s end. Recently, the Central Bank reported an 8.6% rise in August’s remittances compared to last year. 2022 the total was $5.122 billion, showing a 7.9% yearly increase. López Obrador thanked Mexicans abroad during a press talk. “Our overseas compatriots have […]
Helbor’s Profit Rises, While Multi and Tupy Face Challenges in Q1 2024
Multi (MULT3), formerly Multilaser, reported a net loss of R$69 million ($13.4 million) in Q1 2024. This represents a 78.8% decrease from Q4 2023 and a 79.9% decrease from Q1 2023. Multi’s EBITDA was negative R$27.3 million ($5.3 million), a 90.4% drop from the previous quarter and a 90.8% drop from the same period last […]