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Mexican lower house votes to lower tax on sugary drinks

Mexico’s lower house of Congress on Monday approved a proposal to cut taxes on some sugar-sweetened drinks despite concerns the move would hinder the fight against obesity in Latin America’s No. 2 economy. Mexicans are among the world’s biggest drinkers of sodas made by companies like Coca-Cola Co and PepsiCo Inc, and in 2013, the country became the first major market to tax high-calorie soft drinks, by 1 peso ($0.06) per liter. The 500-strong lower house voted 423 to 33 to give general approval to a package of fiscal measures that included a 50 percent cut in taxes on soft drinks with less than 5 grams of added sugar per 100 ml.

Toyota in damage control mode after American executive arrested

By Chang-Ran Kim and Joshua Hunt TOKYO (Reuters) – Toyota Motor Corp moved into damage control mode on Friday after its new communications chief, an American and its first senior woman executive, was arrested on suspicion of illegally bringing pain killers into Japan just two months after her high-profile appointment. Japanese media reports on Friday quoted police investigators as saying 57 highly addictive Oxycodone pills from the United States were scattered in a small parcel addressed to Hamp in Japan and labeled “necklaces”. The former General Motors Co and PepsiCo Inc executive told police she did not think she had imported an illegal substance, a spokesman for Tokyo's Metropolitan Police Department said.