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Airlines Suspend Flights to Venezuela as Economic Crisis Worsens

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Venezuela has for years seen airlines reduce capacity to the South American country as they struggled to repatriate revenue. Now, two airlines are calling it quits altogether. Latam Airlines Group SA, Latin Americas largest carrier, said Monday that it would cut all flights to Caracas by August. A day earlier, Deutsche Lufthansa AG had said it would suspend its three weekly flights to Venezuela next month until further notice. The German airlines spokesman, Andreas Bartels, pointed to the challenge of repatriating revenue from Venezuela and a sharp dropoff in ticket demand — especially among business travelers — with the nation […]

Venezuela violence: Woman killed, 4 injured as thousands vote in opposition referendum

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CARACAS, Venezuela –  Hundreds of thousands of Venezuelans lined up across the country and in expatriate communities around the world Sunday to vote in a symbolic rejection of President Nicolas Maduro’s plan to rewrite the constitution, a proposal that’s raising tensions in a nation battered by shortages and anti-government protests. A 61-year-old woman was killed and four people wounded by gunfire that erupted after government supporters on motorcycles swarmed an opposition polling site in a church in the traditionally pro-government Catia neighborhood of western Caracas. The opposition mayor of the Caracas borough of Sucre, Carlos Ocariz, said pro-government paramilitary groups […]

Mexican first lady’s Florida home owned by potential government contractor

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Guardian investigation reveals Angelica Rivera is using $2.05m luxury apartment bought by Grupo Pierdant, a contender to run Mexicos ports Mexicos first lady is using a luxury property in Florida bought by a company that is expected to bid for lucrative government contracts, the Guardian has learned. Angelica Rivera, the wife of President which is a contender to run Mexicos ports. The company has also paid the property tax on an additional Key Biscayne apartment bought by a holding company set up by Rivera. The arrangements echo aspects of Riveras purchase of a $7m mansion in Mexico City from another […]

The Mysterious Recurring Case of Mexicos Disappearing Governors

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The hunt for Mexicos Javier Duarte Photographer: Marco Ugarte/AP Photo However, its been a couple weeks since Cervantes said that, and in the meantime the government has had to appeal for the publics help by posting a reward. On Sunday, the government seized bank accounts, businesses and properties belonging to the fugitive, the kind of concerted effort that hasnt been a hallmark of justice when it comes to governors of Mexican states. Because before Duarte there was Eugenio Hernandez, and Tomas Yarrington, and Jorge Torres Lopez, and Mario Villanueva, and, until last week, Guillermo Padres. (There are still others.) All governors […]

‘At home, we couldnt get by’: more Venezuelans flee as crisis deepens

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As Venezuela falls further into turmoil, more of its citizens are leaving a country that once served as a haven for economic migrants and political refugees There are no luxuries in the four-room house in southern Bogot, where 12 recently arrived Venezuelans huddle on thin mattresses under even thinner blankets to ward off the Andean mountain chill. They have no hot water, and what few furnishings they have were salvaged from a nearby dump. They work 12-hour shifts at car washes or kitchens, earning between $6.50 and $13 a day. Because most do not have work permits, they are under […]

5 things for Monday, July 17, 2017: Health care bill, Russia, Venezuela, Iran

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(CNN)Today is World Emoji Day, so it’s the perfect day to communicate without being bogged down by pesky words. Here’s what elseyouneed to know toGet Up to Speed and Out the Door. (You can also get “5 Things You Need to Know Today” delivered to your inbox daily. Sign up here.) 2. Russia investigation The revelations just keep coming out of Donald Trump Jr.’s meeting at Trump Tower with a Russian lawyer who promised dirt on Hillary Clinton. We’ve now learned there were eight people there. They include a Russian-American lobbyist and two others who are yet to be identified. […]

Mexico raises interest rates in bid to shore up peso after Trump elected

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Banco de Mxico raises key interest rates by 0.5% as it warns global economy has become more complex after Donald Trumps election as US president Mexicos central bank raised interest rates on Thursday in an attempt to shore up the countrys currency, which has collapsed following Donald Trumps election as US president. The Banco de Mxico raised its key interest rate by 0.5% to 5.25% as it warned that the global economy had become more complex as a consequence of the electoral process carried out in the United States and its result. The increase in the rate from 4.75-5.25% takes […]

The Meltdown in Venezuela’s Currency Is Deepening

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The meltdown in Venezuela’s currency is deepening as a crippling dollar shortage and a threat of oil sanctions take their toll on the economy. The black-market rate for the bolivar traded weaker than 8,700 per dollar for the first time, according to dolartoday.com on Friday, compared with the official rate of around 10 and a more widely used alternative rate of 2,757. That’s creating an illusion for foreigners observing the country’s stock market, which appears to be valued at $2.57 trillion — bigger than Germany’s, France’s, India’s or Canada’s — but is worth only $3 billion based on the black-market rate. Read more: http://www.bloomberg.com/news/articles/2017-07-21/the-meltdown-in-venezuela-s-currency-is-deepening

Trump did not ask Argentina’s president for business favor, spokesman says

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Local media reports alleged US president-elect asked Mauricio Macri, a longtime business acquaintance, for help with his stalled office project in Buenos Aires A spokesman for Argentinas president has denied that let three of his children Ivanka, Donald Jr and Eric run his business interests while he attends to the duties of commander in chief. But the Trump children are on his transition team and concerns have been raised that the president-elect is already mixing business interests and official duties. dozens of foreign diplomats reportedly attended a sales pitch last week at Trumps new hotel in downtown Washington DC. Like […]

Airbnb acquires travel activities marketplace, trip4real

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Airbnb has boughta Barcelona-based travel startup it was advising and partnering with:Trip4realoffers a marketplace of experiences for tourists to browse and bookahead of timeto lend their trip a little local color/flavor (via tapastastings, paella cooking classes,barrio tours and so on). There are obvious synergies with the sharing economy giant which pitches its platform as a way to escape the usual tourist traps by staying in a realhome rather than a clinical hotel (albeit, its platform also plays host to plenty of professional landlords, so the reality is rather less clear-cut). Airbnb has also startedexpanding into travel services, outingan Airbnb Trips […]
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