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HAVANA: Baleària shipping company, owned by Spanish Adolfo Utor and former Minister of Foreign Affairs Abel Matutes (1996-2000), will be...

American Airlines to operate direct charter LA-Havana from December

HAVANA: American Airlines (AA) said it will start operating from next December a charter flight between Los Angeles and Havana,...

Kingston Wharves starts offering logistics service

KINGSTON: Kingston Wharves Limited (KWL) expects aggressive growth for the remainder of its financial year amid posting $242.6 million net...

Jamaica: JMMB acquires Banco Rio for US$2.1m

KINGSTON: Jamaica Money Market Brokers (JMMB) revealed that it acquired Banco Rio for US$2.1 million ($250.8 million), amid doubling its...

Companies see opportunities from new US oil, gas regulations

NEW YORK: The U.S. Environmental Protection Agency’s proposal to crack down on methane leaks from the oil and gas industry...

Daewoo Shipbuilding terminates 703.4b won contract

SEOUL: Daewoo Shipbuilding & Marine Engineering Co., South Korea’s No. 2 shipbuilder, said that it has terminated a contract with...

HHI partners with Accenture to design connected smart ship system

SEOUL: South Korean shipbuilder Hyundai Heavy Industries (HHI) and Accenture, the global digital business leader, are collaborating to design a...

INTTRA introduces Shipment Reliability, Booking Response Dashboards

NEW YORK: INTTRA, the world’s ocean shipping electronic marketplace, announced the introduction of INTTRA Marketplace Decision Support. It is a...

Diana Shipping to extend present time charter contract with Glencore

ATHENS: Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a...

Drug smuggler reveals 150ft underwater tunnel from Mexico to US

CALEXICO: The arrest of a drug smuggler in scuba gear led to the discovery of a tunnel from Mexico to...

South African NUM inks 3 year wage deal at Nkomati

JOHANNESBURG: The National Union of Mineworkers announced on Thursday that it has signed a three year wage deal at the...

Hungarian gross wages up 3.6% in June: KSH

BUDAPEST: The Central Statistical Office (KSH) reported today that in a first reading of dataAverage gross wages in Hungary saw...

Polish banks face PLN 22b burden on FX-conversion law

WARSAW: The Polish banking sector could have to write off PLN 22 billion from their FX mortgage books as some...

Greece repays €3.4b to the ECB

ATHENS: Greece made a €3.4 billion loan repayment to the European Central Bank on Thursday after having received funding from...

Axa chairman says exit from EU would damage Britain and Europe

BRUSSELS: A British exit from the European Union would be severely damaging for both parties and like a divorce, the...

Germany print24.com now also available on mobile devices

BERLIN: Germany print24.com, the flagship company of the online print shop UNITEDPRINT SE, now provides an even easier way to...

Finnish Sote reform to save up to €3b

HELSINKI: The social welfare and healthcare reform, commonly referred to as sote reform, could save the economy 2-3 billion euros,...

Swiss watch exports decline 9.3% to 1.9b Swiss francs

BERN: Switzerland’s watch industry has been struggling in China since 2012, when the country began a crackdown on extravagant spending...

Finland’s budget eases labor taxes up to 2.5% in 2016

HELSINKI: The Government of Finland plans to reduce the tax burden on labor as part of its budget plan for...

Maersk Line crosses the new Suez Canal for the very first time