Category: Business
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Northeastern Fair of São Cristóvão in Rio Becomes State Heritage
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The governor of Rio de Janeiro, Cláudio Castro, sanctioned a law in November that designates the ‘Centro Luiz Gonzaga de Tradições Nordestinas’ as a Historical, Touristic, Cultural, and Gastronomic heritage of the State of Rio. The project, authored by state deputy Tia Ju, was approved by the Legislative Assembly of the State of Rio de…
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California Offers Free Health Insurance for Undocumented Immigrants
California has recently become the first state in the country to offer health insurance to all undocumented immigrants. Starting this year, 750,000 adults aged between 26 and 49 will become eligible for Medi-Cal benefits, the health plan offered by the state. It is estimated that the expansion of the benefit will cost $2.6 billion annually…
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Do You Know How Much It Costs to Ring in the New Year at Times Square?
Some say you can’t put a price on the experience of ringing in the New Year at Times Square. But the business owners of the Big Apple’s tourism mecca know exactly how much to charge. Hotels and restaurants near Times Square are offering exclusive packages for New Year’s Eve celebrations with tickets ranging from $450…
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Didn’t Like the Gift? Returning It Isn’t So Easy Anymore
If you are thinking about returning a gift you just received for Christmas, be prepared to lose money. The Americans have gotten used to free returns, but a growing number of retailers are charging fees to accept products back. Macy’s, Abercrombie, J. Crew, H&M among other companies have added shipping fees for returns by mail.…
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Christmas Spending Increased, Challenging Recession Fears in the U.S.
Despite persistent inflation, Americans increased their Christmas spending, early data shows. This is a significant relief for retailers, who spent much of the year fearing that the economy would weaken further this year and that consumer spending would decline. Retail sales from November 1 to December 24 rose 3.1% compared to the previous year, according…
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Brazil Becomes the 9th Largest Economy in the World in 2023
With a projected growth of 3.1% in Gross Domestic Product (GDP), Brazil will jump two positions and become the ninth largest economy in the world in 2023, the International Monetary Fund (IMF) announced this week. According to the institution, the country is expected to end the year with a nominal GDP of US$ 2.13 trillion,…
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Brazil Approves Historic Tax Reform
The Chamber of Deputies of Brazil has approved a sweeping reform of the country’s complicated tax system, marking a significant victory for President Luiz Inácio Lula da Silva, who stated that the new rules will stimulate investment and growth in the country. The long-awaited tax reform aims to simplify a system widely regarded as excessively…
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Brazil Approves Historic Tax Reform
The Chamber of Deputies of Brazil approved a major reform of the country’s complicated tax system, a significant victory for President Luiz Inácio Lula da Silva, who stated that the new rules will stimulate investments and the country’s growth. The long-awaited fiscal reform aims to simplify the system, widely considered excessively burdensome for both individuals…
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Deadline to Enroll in a Government-Subsidized Health Plan is Ending
Do you have health insurance through the Affordable Care Act (ACA), commonly known as “Obamacare”? You have until this Friday, the 15th, to renew your enrollment so that your coverage is not suspended on December 31. If you miss the deadline, you still have the chance to enroll in a government-subsidized health plan for the…
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The Most Attractive Urban Destinations of 2023
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Paris was once again named the most attractive city in the world, according to an annual report by the global market research company Euromonitor International. The Top 100 City Destinations Index 2023, produced in partnership with the data company Lighthouse, analyzed the leading cities around the world and ranked them based on criteria that include…