Investments

Saturday, August 22nd 2020 - 08:31 UTC
Brazilian anti corruption probe nets two of South America's richest brothers

Two of South America's wealthiest brothers, the Bolivian-born airline magnates German and Jose Efromovich, were arrested this week in Brazil as part of the country's sweeping anti-corruption probe, “Operation Car Wash.”
Saturday, August 22nd 2020 - 08:30 UTC
Can the cruise industry really recover from coronavirus?

By Liz Sharples and Kokho Jason Sit (*) – On Sunday the first major cruise ship to take to the Mediterranean in almost five months sailed out of the Italian city of Genoa. Passengers on the MSC Grandiosa were tested for coronavirus before stepping on board. The ship – which has brought in an array of strict measures to limit the spread of the virus – will stop at three Italian ports and the Maltese capital Valletta in a seven-day voyage. But will these measures be enough to help the sector survive the pandemic? A lot is riding on the success of this Italian cruise.
Friday, August 21st 2020 - 08:55 UTC
Colombia claims Venezuela is working to acquire missiles from Iran

Colombia's President Ivan Duque claimed on Thursday that the government of President Nicolas Maduro in neighboring Venezuela was working to acquire missiles from its ally Iran.
Thursday, August 20th 2020 - 08:38 UTC
In two years Apple doubled its value to US$ 2 trillion, becoming world's most costly listed company

Just two years after Apple became the first publicly listed US company with a US$1 trillion stock market value, the iPhone maker has now topped US$2 trillion. The Cupertino, California-based company's shares briefly rose to as high as US$468.65 on Wednesday, equivalent to a market capitalization of US$2.004 trillion.
Wednesday, August 19th 2020 - 09:54 UTC
Latam lost US$ 890 million in the second quarter and has laid off 30% of its pre-pandemic workforce

LATAM Airlines, South America's largest carrier, on Tuesday said it had laid off 12,600 employees since March - or almost 30% of its pre-coronavirus workforce - due to the pandemic that has upended the global travel industry. The company also reported a net loss of US$ 890 million for the second quarter.
Tuesday, August 18th 2020 - 09:09 UTC
The US pledges US$ 5bn to Colombia for rural development; Duque supports US candidate for IDB

The United States and Colombia will work together to bring new investment to rural areas of the country, officials said on Monday, as Colombia's president reiterated support for the U.S. candidate to lead the Inter-American Development Bank.
Tuesday, August 18th 2020 - 08:20 UTC
Diageo adds Aviation American Gin to its gin portfolio, co-owned with actor Ryan Reynolds

Diageo (DGE.L) is paying up to US$ 610 million for Aviation American Gin, co-owned by Hollywood actor Ryan Reynolds, and a clutch of other spirits brands, adding to a gin portfolio which already includes Tanqueray and Gordon’s.
Saturday, August 15th 2020 - 09:29 UTC
Taiwan to purchase 66 new generation F-16 fighters; Beijing furious

Taiwan finalized the purchase of F-16 fighter jets from US aircraft manufacturer Lockheed Martin on Friday, in a US$62 billion, a 10-year deal sure to anger Beijing. Underscoring the sensitivity of the transaction, the Pentagon announced the contract without specifying the buyer, but a source confirmed it was Taiwan.
Friday, August 7th 2020 - 08:30 UTC
Cruise Lines lobby voluntarily suspends operations until al least 31 October

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, announced this week that its ocean-going cruise line members have agreed to voluntarily suspend U.S. cruise operations until at least 31 October 2020.
Thursday, August 6th 2020 - 09:24 UTC
Brazil's aircraft manufacturer Embraer, reports losses of US$ 315 million

Brazilian aircraft manufacturer Embraer reported second-quarter losses of US$ 315 million on Wednesday, as sales plunged due to the coronavirus pandemic and a proposed joint venture with Boeing collapsed.