Investments

Tuesday, March 24th 2020 - 08:46 UTC
World Bank approves fast track financing to respond to Covid 19

The World Bank and IFC’s Boards of Directors approved an increased US$ 14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. The package will strengthen national systems for public health preparedness, including for disease containment, diagnosis, and treatment, and support the private sector.
Tuesday, March 24th 2020 - 06:33 UTC
UK considering measures to salvage ruined airline industry

The British government of Prime Minister Boris Johnson is reportedly considering a rescue plan for British Airways (BA) and other airlines which are failing to cope with the coronavirus contingency measures that are keeping their entire fleets grounded.
Monday, March 23rd 2020 - 06:43 UTC
World Water Day, everyone has a role to play, Antonio Guterres

The world’s water resources are under unprecedented threat. Today, some 2.2 billion people lack safe drinking water and 4.2 billion people live without access to adequate sanitation. Unless we act with urgency, the impacts of climate change are projected to exacerbate these figures. By 2050, between 3.5 and 4.4 billion people will live with limited access to water, with more than 1 billion of them living in cities.
Thursday, March 19th 2020 - 08:47 UTC
Chile declares a 90-day “state of catastrophe” beginning this Thursday

Chilean President Sebastian Piñera on Wednesday declared a 90-day state of catastrophe as cases of the new coronavirus mounted in the nation, giving the government extraordinary powers to restrict freedom of movement and assure food supply and basic services.
Thursday, March 19th 2020 - 08:36 UTC
Most world airlines “will be bankrupt by the end of May”

Sydney-based consultancy CAPA Center for Aviation warned in a statement on Monday that most of the world's airlines will be bankrupt by the end of May. Airline carriers are suspending routes for March, April, and May, and a full grounding of fleets has yet to be ruled out as flight restrictions have been placed across the world, spurring a collapse in demand, due to the Covid-19 pandemic.
Wednesday, March 18th 2020 - 06:14 UTC
Meatpacker Marfrig has a new CEO; plans to buy back shares

Brazilian meatpacker Marfrig has elected a new chief executive officer and plans to buy back up to 5.91 million of its own shares, it said in two separate securities filings.
Tuesday, March 17th 2020 - 08:10 UTC
Dispatch from Uruguay: “Democracy or Bureaucracy & Mediocrity”

By David P. Michaels (*) - Luis-Alberto Lacalle Pou, Uruguay’s recently inaugurated President, faces one of the most significant challenges in Uruguay’s recent history.
Wednesday, March 11th 2020 - 06:39 UTC
Airfreight in Asia skyrockets as Chinese industry restarts with passenger flights grounded

Airfreight rates are skyrocketing after the grounding of many passenger flights in Asia has left shippers scrambling to book limited spots on cargo planes as Chinese industrial production restarts, according to industry insiders.
Tuesday, March 10th 2020 - 06:32 UTC
Global breweries expanding their business in Brazil

Heineken NV will invest 865 million reais (US$183.14 million) to expand its Ponta Grossa brewing plant in Brazil, the company said on Monday, as competition between the world's two largest beer makers bubbles up.
Monday, March 9th 2020 - 07:49 UTC
Germany's Thyssen and Embraer to build four frigates for the Brazilian Navy

A consortium formed by Germany's Thyssenkrupp AG and Brazilian plane maker Embraer SA signed a deal to deliver four frigates to Brazil's navy between 2025 and 2028, the companies said in a statement.