Panama and Royal Caribbean Cruises Ltd. agreed this week to make Panama the starting point for some of its tour operations in a bid to boost the cruise operator's presence in the region and to attract more tourists to the Central American country.
British Airways has been hit with a record £121.5 million fine after it admitted to collusion over fuel surcharges on long-haul flights.
Oil prices are nearing an all time record after supply concerns on Tuesday lifted them above 78 US dollars a barrel, almost the 78.40 reached in the aftermath of the Lebanon conflict in July 2006.
Stock markets across Asia have suffered heavy falls on fresh concerns over the impact of the problems in the US housing market which on Tuesday caused sharp losses on Wall Street.
Shockwaves of still unknown impact crashed through financial markets Tuesday when the United States Melville-based American Home Mortgage Investment Corp. announced it was suffering credit problems and would consider going into liquidation among other options.
Chilean billionaire and former presidential candidate Sebastian Piñera has resigned as director of airline LAN, less than a month after he was fined for buying shares in the company while in possession of privileged information.
Returning for the second time in four months, HMS Mersey will once again fly the flag for the Royal Navy as she sails in to reinforce links with her affiliated borough of Sefton on Thursday (August 2)
The fishing industry conflict in Patagonia's Puerto Deseado where striking workers torched six processing plants and has ceased all activities in the sector for almost a month is far from a solution and could further escalate, warn local authorities.
The Organization of Petroleum exporting countries, OPEC, holds 77.2% of the world's proven reserves and 49.3% of natural gas, according to the latest Annual Statistical Bulletin for 2006, an anticipation of which was released this week in Vienna but will be officially presented on September 13.
Consolidation among the four major players in the upstream oil and gas exploration sector in the South Atlantic off of the Falkland Islands is likely in the short-term, reported this week the Financial Times.