Author: HotspotorlandoNews

Brazil eliminated daylight saving time. It’s having second thoughts. Story by Terrence McCoy For five years, Brazilians have lived under the sort of temporal tranquility that many Americans have long coveted. No clock changes, no scheduling confusions — the much-maligned daylight saving time banished by presidential decree. “Daylight saving time, never again!” once said former President Jair Bolsonaro, who signed the order.

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Brazil’s Petrobras raises jet fuel prices by around 7% in key markets  Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab hiked jet fuel prices for distributors starting on Jan. 1 by around 7% in some key marketing areas, Petrobras makes monthly tweaks to its jet fuel prices based on factors including oil prices and exchange rates.  such as Betim, Guarulhos and Duque de Caxias, data on the company’s website showed on Thursday. As crude prices surge and the value of the nation’s currency depreciates, the company is taking measures to adjust its pricing strategy. This move, effective immediately, will see…

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Brazil reaches deals with airlines to settle tax obligations BBrazil’s government said on Friday it has reached deals with two of the country’s largest airlines, Gol (GOLL4.SA), opens new tab and Azul (AZUL.N), opens new tab, to settle some pending tax obligations totaling 7.5 billion reais ($1.22 billion). The government has provided the carriers with significant discounts and allowed them to make installment payments.

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Inside luxury goods’ broken audit system MILAN, Dec 31 (Reuters) – LVMH-owned Dior’s production arm in Italy, Manufactures Dior, relied on formal inspections to assess working and safety standards inside its supply chain last year. In some cases, such certifications missed glaring problems, a Reuters review of unpublished court documents has found. AZ Operations, a sub-contractor of Manufactures Dior tasked with the production of leather items and based near Italy’s fashion capital Milan, was accused by Italian prosecutors in June of being a front for an operation that exploited workers.

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US 30-year fixed-rate mortgage flirts with 7% U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary. The average rate on the popular 30-year fixed-rate mortgage increased to 6.91%, the highest level since early July, from 6.85% last week, mortgage finance agency Freddie Mac said on Thursday. It averaged 6.62% during the same period a year ago. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist,” said Sam Khater, Freddie Mac’s Chief Economist.

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Mexico detains suspects in death of migration agent near U.S. border Three suspects were arrested on Monday in the death of a Mexican migration agent who was found earlier in the day with no signs of life, state security and migration officials said. The death of the agent marked a rare case of deadly violence against agents weeks before an expected crackdown on immigration once U.S. President-elect Donald Trump takes office. State investigators confirmed that the migration agent suffered a head injury and was found with no vital signs. His body also showed “signs of violence,” according to a statement…

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Texas man who backed Islamic State acted alone in New Orleans attack, FBI says FBI says suspect acted alone, pledged support to Islamic State Half-brother puzzled by Shamsud-Din Jabbar’s transformation NEW ORLEANS/BEAUMONT, Texas. A U.S. Army veteran who killed 14 people by ramming a truck into a crowd of New Year’s Day revelers in New Orleans had pledged allegiance to Islamic State and appeared to have made recordings in which he condemned music, drugs and alcohol. Shamsud-Din Jabbar, a 42-year-old Texas native who once served in Afghanistan, acted alone in the attack, the FBI said on Thursday, reversing an earlier…

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