SAO PAULO Airline Avianca Holdings came under broad criticism in Colombia for paying its top two executives $6 million in bonuses in May, at a time when the carrier had furloughed most of its employees without pay and was preparing a bankruptcy filing.
SAO PAULO, Sept 23 Brazilian rent-a-car company
Localiza has agreed to take over rival Unidas
for roughly 12 billion reais ($2.18 billion), the
companies said on Wednesday, creating a major player that could
account for more than 10% of all cars sold in Brazil.
LONDON/SAO PAULO An obscure Hong Kong-registered company stands at the center of the U.S. criminal case against China's Huawei Technologies and its chief financial officer.
SAO PAULO Delta Air Lines is facing a fresh Latin American headache as a Monday deadline nears for former Brazilian partner Gol Linhas Aereas Inteligentes to repay a $300 million loan that the U.S. carrier guaranteed.
SAO PAULO Brazilian prosecutors pressed charges on Friday against two people for an alleged scheme to obtain confidential market information from Petrobras to benefit A.P. Moller-Maersk , the world's largest shipping company.
SAO PAULO, Aug 21 Brazilian prosecutors pressed
charges on Friday against two people for their alleged role in a
scheme to obtain confidential market information from Petrobras
to benefit Danish Maersk, the world's largest
BRASILIA/SAO PAULO, Aug 19 The majority
shareholders of Colombia's Avianca Holdings, brothers
German and Jose Efromovich, were arrested in Brazil by the
country's federal police on Wednesday as part of the sprawling
Car Wash corruption probe, authorities said.
SANTIAGO/SAO PAULO 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.
SAO PAULO Almost half of Brazilians think President Jair Bolsonaro bears "no responsibility at all" for the country's more than 100,000 dead from the coronavirus pandemic, the world's second highest death toll, according to a new Datafolha poll. | Video