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The firm started manufacturing clothes in Brazil earlier this year, its first production center outside China. "The idea is that by 2026 Brazil will be ready to serve Latin America," Magalhaes told reporters on Wednesday at an event at Shein's Sao Paulo office. She did not specify which Latin American countries Shein could ship products to from Brazil. Brazil is one of its five main markets and the largest in Latin America, the company said. In addition to Brazil, the company started manufacturing in Turkey this year and plans to build a factory in Mexico.
Persons: Chen Lin, Fabiana Magalhaes, Magalhaes, Chris Xu, Shein, Andre Romani, Peter Frontini, Sonali Paul Organizations: REUTERS, SAO PAULO, Shein's Sao Paulo, Thomson Locations: Singapore, Brazil, Latin America, China, Nanjing, Turkey, Mexico
Ex-F1 boss Bernie Ecclestone pleads guilty to tax fraud charge
  + stars: | 2023-10-12 | by ( ) www.cnbc.com   time to read: 1 min
Former Formula One boss Bernie Ecclestone arrives at Southwark Crown Court in London, where he is charged with fraud by false representation over an alleged failure to declare £400 million of overseas assets to the Government. Ex-Formula One boss Bernie Ecclestone pleaded guilty in a London court on Thursday to one count of fraud for making dishonest representation to Britain's tax authority. The 92-year-old appeared at Southwark Crown Court and pleaded to one count of fraud by false representation, just over a month before he was due to stand trial. Prosecutors said Ecclestone made untrue or misleading representations to HM Revenue and Customers at a July 2015 meeting, when he said he "established only a single trust" in favour of his daughters. Ecclestone, accompanied by his wife Fabiana, spoke only to confirm his name and to enter his plea.
Persons: Bernie Ecclestone, Prosecutors, Ecclestone, Fabiana Organizations: Formula, Southwark Crown, Government . Ex, Revenue Locations: Southwark, London
CNN —Six people who identified themselves as members of a religious group called the ‘Soldiers of Christ’ have been arrested in connection to the death of a South Korean woman who was beaten and starved in Georgia, authorities said. The South Korean consulate in Atlanta declined to comment on the case when contacted by CNN. This photo of a crime scene, with areas of blood redacted, was released by Gwinnett County Police. Gwinnett County PoliceOne of the suspects is a South Korean citizen visiting on a visa, authorities said, while the others are American citizens. Authorities did not release the name of the victim, pending notification of her death to her family in South Korea.
Persons: Christ ’, malnourishment, Eric Hyun, Hyun, Christ ”, Gawom Lee, Joonho Lee, Hyunji Lee, Juoonhyum Lee Organizations: CNN, Gwinnett County Police Department, Census Bureau, Gwinnett County Police Law, Authorities, Police, South, Gwinnett County Police Locations: Korean, Georgia, Jeju, Duluth, Atlanta, United States, South Korea, Duluth , Georgia, Gwinnett, South Korean
CNN —A 100-year-old African tortoise named Biscuit has been reunited with his family after being rescued from a canal, according to the Parish of Ascension in Louisiana. Animal control officers Curt Trepagnier and Isreal Millet “humanely contained, loaded into the truck, and safely transported” Biscuit to Cara’s House-Ascension Parish Animal Shelter, the post detailed. Biscuit was rescued by Animal Control in Ascension Parish, Louisiana. “We are happy to report that Biscuit has been reunited with his family! A video on the shelter’s Facebook page showed the centenarian tortoise slowly walking in front of his owner toward Howard’s pickup truck.
Persons: Curt Trepagnier, Isreal Millet “, Lamoine Howard, , Howard, ” Howard, Organizations: CNN, Cara’s, Animal Control, ” CNN Locations: Ascension, Louisiana, New, Baton Rouge and New Orleans, Ascension Parish , Louisiana
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVaried earnings season shows investors need to focus on company specifics, strategist saysFabiana Fedeli, CIO equities, multi-asset and sustainability at M&G Investments, discusses the latest round of earnings and what investors can glean from the quarter's corporate results.
Persons: Fabiana Fedeli Organizations: G Investments
The masters used the byproduct of beer brewing to prep their canvases so paint wouldn't seep through, new research found. That suggests painters were turning to byproducts from local breweries to prepare canvases, they reported Wednesday in the journal Science Advances. "Then, by surprise, we found something completely different," said Andersen, a paintings conservator at the Royal Danish Academy. Instead, the Royal Danish Academy of Fine Arts, which prepared canvases for its artists, likely bought leftover mash from local breweries. This kind of recycling wasn't uncommon, Andersen added: Artists also used bits of sails for their canvases and boiled leather scraps for their glue.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Make volatility your friend': CIO highlights attractive sectors amid market fluctuationsFabiana Fedeli, chief investment officer at M&G Investments, says market volatility is here to stay, but notes that there are certain sectors including tech and utilities, as well as particular geographies like Japan and the U.K., that look attractive.
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