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RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva on Wednesday sanctioned a bill that exempts people earning up to 5,000 reais ($940) a month from income taxes, more than doubling the current exemption and meeting a key priority of his 2022 election campaign.“A promise made, a promise kept,” Lula said on X on Wednesday.The measure, which will come into effect next year, also establishes tax discounts for incomes up to 7,350 reais ($1400).Some 15 million Brazilians will benefit from the new law, according to the presidential palace. Approximately 10 million will no longer pay income tax,…

WASHINGTON (AP) — The Supreme Court won’t immediately allow the Trump administration to fire the director of the U.S. Copyright Office, instead delaying a decision until after they rule in two other high-profile firing cases. The justices’ Wednesday order leaves in effect for now lower court rulings that held that the official, Shira Perlmutter, could not be unilaterally fired. The case is the latest that relates to Trump’s authority to install his own people at the head of federal agencies. The Supreme Court has largely allowed Trump to fire officials, even as court challenges proceed.Justice Clarence Thomas said he would…

Check out the companies making headlines before the bell: Deere — The seller of farm equipment dropped 4.5% even after posting fiscal fourth quarter results that exceeded estimates. Deere reported earnings of $3.93 per share on revenues of $10.58 billion. Analysts polled by LSEG had anticipated per-share earnings of $3.85 on revenues of $9.85 billion. Dell Technologies — Shares rose 2.9% following upbeat guidance that was driven by strong AI sales expectations. Dell said it was expecting $31.5 billion in sales for the fourth quarter, topping analyst an LSEG consensus forecast of of $27.59 billion. Urban Outfitters — The apparel…

NEW YORK (AP) — Pharmaceutical companies have agreed to slash the Medicare prices for 15 prescription drugs after months of negotiations, reductions that are expected to produce billions in savings for taxpayers and older adults, the Trump administration said.But the net prices it unveiled for a 30-day supply of each drug are not what Medicare recipients will pay at their pharmacy counters, since those final amounts will depend on each individual’s plan and how much they spend on prescriptions in a given year.Health Secretary Robert F. Kennedy Jr. touted the deals as part of the administration’s efforts to address affordability…

TUNIS, Tunisia (AP) — Tunisian President Kais Saied summoned the European Union’s ambassador to convey “a firmly toned protest” over a perceived breach of diplomatic protocol, Tunisia’s presidency said Wednesday.The summons came after EU Ambassador Giuseppe Perrone met with the heads of Tunisia’s influential UGTT labor union and main employers’ union UTICA. The two unions won the 2015 Nobel Peace Prize along with two other Tunisian organizations for laying the groundwork for the North African country’s new democracy.The Tunisian president’s office said in a statement that Saied reminded the ambassador that accredited envoys are expected to respect Tunisia’s sovereignty and…

Nov 26, 2025, 07:18 AM ETPaul Doyle has pleaded guilty on the second day of his trial to seriously injuring people when he drove into football fans celebrating Liverpool’s victory parade on May 26.The 54-year-old admitted dangerous driving, affray, 17 charges of attempting to cause grievous bodily harm (GBH) with intent, nine counts of causing GBH with intent and three counts of wounding with intent at Liverpool Crown Court on Wednesday.A jury was sworn in for his trial on Tuesday but the following day, when the prosecution case was due to be opened, Doyle was asked to reenter his pleas…

LONDON, UNITED KINGDOM – MARCH 26, 2025: Britain’s Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street ahead of the announcement of the Spring Statement in the House of Commons in London, United Kingdom on March 26, 2025. (Photo credit should read Wiktor Szymanowicz/Future Publishing via Getty Images)Wiktor Szymanowicz | Future Publishing | Getty ImagesU.K. government borrowing costs were rocky on Wednesday after the country’s Office for Budget Responsibility unexpectedly released its economic and fiscal forecasts ahead of the Autumn Budget. Yields on the benchmark 10-year gilt were last seen 6 basis points lower, while shorter-term 5-year gilt yields…

The Women’s Super League has apologised to Tottenham Hotspur for a remark made during the League Cup draw on Tuesday night.The draw for the quarter-finals and semi-finals was held on the WSL’s official TikTok page and conducted by personality GK Barry and her partner, Portsmouth midfielder Ella Rutherford. The draw included some crude references, with GK Barry making a comment about Tottenham. She shouted, “What do you think of Tottenham?”, a chant used by rival clubs, when she pulled their number out. The WSL have been in contact with Tottenham to discuss their concerns and has formally apologised.GK Barry also…

A “For Sale” sign in front of a home in Crockett, California, US, on Wednesday, Nov. 12, 2025. David Paul Morris | Bloomberg | Getty ImagesMortgage rates have hovered around the same range for roughly two months, giving current borrowers nor potential homebuyers little incentive to get into the market. Total mortgage application volume was essentially flat last week, up just 0.2% from the prior week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances $806,500 or less increased to 6.40% from 6.37%, with points decreasing to…

LONDON (AP) — President Donald Trump’s efforts to broker an end to the Russia-Ukraine war closely mirrors the tactics he used to end two years of fighting between Israel and Hamas: bold terms that favor one side, deadlines for the combatants and vague outlines for what comes next. The details — enforcing the terms, guaranteeing security, who pays for rebuilding — matter less. “You know what the deadline is to me? When it’s over.” Trump told reporters aboard Air Force One Tuesday. The formula has worked so far in the tense Middle East, though its long-term viability remains in question.…