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.
Brazilian federal police on Thursday arrested a former head of Petrobras and the Banco do Brasil, marking a new chapter of the sweeping graft probe into the state-owned oil company. Three people were detained in the operation, the prosecutor's office said in a statement, as part of the Car Wash investigation that has uncovered systemic corruption and ensnared many of Brazil's political and business elites.
British Prime Minister Theresa May has lost another member of her inner circle after her strategy director and chief speechwriter Chris Wilkins quit. Wilkins follows the prime minister’s Joint Chiefs of Staff Nick Timothy and Fiona Hill, and policy chiefs John Godfrey and Will Tanner, who also resigned after the disastrous snap general election in June, which led to the Conservatives losing their majority in the House of Commons.
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.
New World Health Organization, WHO, data from 28 countries - representing approximately 70% of the global hepatitis burden - indicate that efforts to eliminate hepatitis are gaining momentum. Published to coincide with World Hepatitis Day, the data reveal that nearly all 28 countries have established high-level national hepatitis elimination committees and more than half have allocated dedicated funding for hepatitis responses.
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.