Germany on Monday announced details of its first “green” bond placing, tapping financial markets to fund environmental projects for the first time. The finance ministry said it would raise up to 11 billion Euros in 2020 to support climate-related projects.
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.
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.
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.
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$2.004 trillion.
LATAM Airlines, South America's largest carrier, on Tuesday said it had laid off 12,600 employees since March - or almost 30% of its pre-coronavirus workforce - due to the pandemic that has upended the global travel industry. The company also reported a net loss of US$ 890 million for the second quarter.
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.
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.
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.
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.