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Los Angeles plans to electrify city’s entire 10,000-vehicle fleet

  Bloomberg Los Angeles plans to electrify its fleet of more than 10,000 vehicles as part of an effort to become one of the first US cities to rely on carbon-free energy by 2035. The Electric Vehicle Master Plan was unanimously approved by the LA city council. The switch to electric vehicles will start at the city’s largest departments of ...

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Mexico’s annual inflation hits 21-year high in March

  Bloomberg Mexico’s annual inflation accelerated more than expected in March to its highest level in over two decades led by fuel prices, putting additional pressure on the central bank to continue boosting interest rates. Consumer prices rise 7.45% from the same month a year earlier, above 7.38% median estimate of economists , the national statistics institute reported. On a ...

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Trudeau hits Canada insurers, banks with billions in taxes

  Bloomberg Finance Minister Chrystia Freeland is imposing a one-time windfall levy on Canada’s major banks and permanently increasing their income tax rate, fulfilling an election promise that has raised the ire of the industry’s top executives. The measures will force banks and insurance companies to pay an additional C$6.1 billion ($4.8 billion) in tax over five years, according to ...

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