Colombia's flagship airline Avianca is backing down from a merger with Viva Air, blaming conditions set by the country's aviation regulator, the company announced Saturday.
Iran seized a second oil tanker in a week on Wednesday in Gulf waters, and the U.S. State Department called for its release, in the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019.
Italy needs a sovereign wealth fund to funnel its large private savings into the corporate sector and boost the economy, Prime Minister Giorgia Meloni was quoted as telling the Milano Finanza newspaper.