Investors pulling money out of The City pose a greater risk to London’s financial dominance than banks exiting the UK because of Brexit, according to Square Mile official, Sherry Madera, the City of London Corporation’s special adviser for Asia.
Shareholders of a company set up to run Brazil's Viracopos airport have decided to return the concession to the government to seek other bidders in a new auction, they said, citing unexpectedly low passenger traffic.
The Chancellor of the Exchequer begins on Wednesday a round of trade, investment and political contacts in Argentina, following a two day visit to Brazil, as part of a tour of South America's biggest economy. It will be the most important visit of a British cabinet minister in over sixteen years to Argentina.
Air France-KLM is buying almost a third of Virgin Atlantic, leaving Sir Richard Branson's parent company, Virgin Group, with a minority stake in the airline he founded. Air France-KLM is taking a 31% stake, worth £220m, in Virgin Atlantic as part of a four-way joint-venture with US partner Delta.
Too many documented delays to flights might reduce the attractiveness of the Falklands in terms of an airline considering providing an additional service to the Islands, acknowledged Member of Legislative Assembly (MLA) Gavin Short this week.
Exxon Mobil said that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total discovery to approximately 500 million barrels oil equivalent. The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels. By way of comparison, the much-heralded Thunder Horse find in the Gulf of Mexico has reserves of about one billion barrels.
With cruise lines having a record number of cruise ships on order, the cruise industry is growing like never before. 2018 promises to be an exciting year for new ships coming out, and here are the best new cruise ships arriving next year.
Vietnam has ordered a Spanish private company conducting a gas-drilling expedition in a disputed area of the South China Sea to cease operations following military threats from China, according to reports.
The world's first full-scale floating wind farm has started to take shape off the north-east coast of Scotland. The revolutionary technology will allow wind power to be harvested in waters too deep for the current conventional bottom-standing turbines used.
Maersk Oil said on Friday that it had reached another key milestone ahead of first gas from its flagship North Sea Culzean field. All three platform jackets for the £3.3billion project have now been put in place on time and on budget, the company said.