
Renault, Geely Deepen Partnership With Brazil Car Sales Plan
Renault SA and China's Zhejiang Geely Holding Group Co. plan to jointly produce and sell electric and low-emissions vehicles in Brazil as the automakers deepen their partnership.
Geely will invest in Renault's Brazilian unit and in return get access to its production, sales and services network in the country, the French company said Monday.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
2 hours ago
- Yahoo
Brazil government revises IOF taxes after pushback, tweaks investment levies
SAO PAULO (Reuters) -The Brazilian government published on Wednesday an executive order altering taxes levied on investments, as well as a new decree walking back part of the recently announced hikes on the IOF tax on financial transactions. The government had announced in May the increase of the IOF tax, including on credit and foreign-exchange transactions, to boost public revenues. The move triggered strong pushback from both Congress and market players, prompting the government to seek an alternative path as lawmakers threatened to overturn the measure. Wednesday's executive order, which will need Congress' approval to remain valid, includes measures previously unveiled by Finance Minister Fernando Haddad, such as taxes on investment income and capital gains, including stocks and bonds, at 17.5%, replacing the current sliding scale of 15% to 22.5%. It also sets a 5% income tax on investments currently except from income levy, and raises the income tax rate levied on so-called interest on equity (JCP) payments to 20% from 15%.
Yahoo
3 hours ago
- Yahoo
Unlock 14 Languages With Babbel Through This Money-Saving Offer
The following content is brought to you by PCMag partners. If you buy a product featured here, we may earn an affiliate commission or other compensation. There are always several reasons to put off learning a new language: time, cost, or just not knowing where to start. But now that Babbel's 14-language subscription is available for 78% off through StackSocial for a limited time, getting started is easier than ever. Just make sure to use the coupon code LEARN40 at checkout. This offer gives you unlimited access to all 14 languages on Babbel's platform, including popular options like Spanish, French, Italian, and German. Lessons are designed to be concise, practical, and grounded in real-life conversations, allowing you to acquire valuable skills quickly. Babbel's proven teaching method includes personalized reviews, native-speaker dialogue, and structured learning paths. You'll also get access to Babbel's newest tool: an AI-powered conversation partner that lets you practice speaking, listening, and comprehension in real time. Right now, StackSocial is offering Babbel Language Learning for $129.99 (Reg. $599) when you use code LEARN40 at checkout. No monthly fees, no subscriptions. The offer ends June 30 at 11:59 p.m. PST, so grab this deal while it lasts! Prices subject to change. PCMag editors select and review products independently. If you buy through StackSocial affiliate links, we may earn commissions, which help support our testing.
Yahoo
3 hours ago
- Yahoo
Brazil's top court votes to hold social media platforms accountable for user posts
By Ricardo Brito BRASILIA (Reuters) -Brazil's Supreme Court on Wednesday ruled that social media companies must be held accountable for some types of content published by users on their platforms in the country, but details on the decision have yet to be resolved. Six of the 11 Supreme Court judges voted to hold platforms responsible for third-party content seen as illegal, in a decision that could result in fines against social media companies for not removing some users' posts in the country. The decision could impact the business of platforms including Meta's Facebook and Instagram, as well as TikTok, Elon Musk's X and other internet giants, such as Alphabet's Google, in a market of more than 200 million people. Only one justice so far voted to not change the current law on the matter, which says that the companies can only be found responsible for third-party content on their platforms if the firms do not comply with a legal decision ordering the content removal. Writing for the majority, Justice Gilmar Mendes said current Brazilian law represents "a veil of irresponsibility for digital platforms." "Even if they are informed of the occurrence of crimes on their platforms, they (currently) cannot be held responsible for damages caused by keeping this content online, except in the case of a court order," he said. Asked to comment, Meta sent a 2024 statement where it had said that a decision holding platforms responsible could make them "liable for virtually all types of content even without having been notified." In a statement sent before the vote which gave the court a majority, Google said the current Brazilian law regarding social media can and should be improved, "as long as procedure guarantees and criteria are set to prevent legal uncertainty and the indiscriminate content removal." TikTok and a representative of X in Brazil did not immediately respond to requests for comment. The court did not agree on the scope of the decision, such as what types of content would be considered illegal. The court's head, Luis Roberto Barroso, said he will work with the court members to find a consensus. Four judges still need to vote in the trial, which has been rolling over for months. Votes previously cast can still be changed, although that is not common. The trial is set to resume on Thursday.