Bloomberg Business

Treasury Signals Opening for Foreign Carmakers on EV Subsidy

The US Treasury Department signaled some imported cars will qualify for electric-vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.

Brazil’s Lula Taps Amazon Defender, New Ally in Bid to Diversify Cabinet

(Bloomberg) — Brazil’s Luiz Inacio Lula da Silva tapped Amazon activist Marina Silva and new centrist ally Simone Tebet for key government positions as he seeks to deliver on promises of a diverse cabinet that includes more women, Black Brazilians and different parties from his coalition.

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