TEL AVIV, Dec 15 (Reuters) – El Al Israel Airlines (ELAL.TA: Quote, Profile, Research, Stock Buzz) said on Monday it plans to launch direct flights to Sao Paulo in the spring, its first new destination in 10 years.
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Archive for December, 2008|Monthly archive page
MAN buys VW’s Brazil truck business
In Brazil on December 17, 2008 at 7:14 pmFRANKFURT/SAO PAULO, Dec 15 (Reuters) – German industrial conglomerate MAN AG (MANG.DE: Quote, Profile, Research, Stock Buzz) said on Monday it agreed to buy Volkswagen’s Brazil-based truck and bus business, enabling it to expand its previously small presence in fast-growing South America.
Read the full story at Reuters
Angola launches private TV channel
In Angola, Media on December 17, 2008 at 7:11 pmLUANDA, Dec 14 (Reuters) – Angola launched its first private television channel on Sunday, marking an end to the state stranglehold on broadcast media in the southwestern African nation. TV Zimbo will go on air for several hours a day during a three-month test phase before it becomes fully operational ahead of presidential elections in 2009, and the Angolan-hosted African Cup of Nations soccer championship in 2010.
Read the story at Reuters
Real estate company Sogei issues bonds
In Cape Verde, Investments, Real estate on December 17, 2008 at 6:59 pmPraia, Cape Verde, 16 Dec – Cape Verdean real estate company SOGEI Monday issued 13.5 million euros of bonds, the biggest ever issue in Cape Verde, to secure funding for real estate projects.
Read the story in Visao News
Angola and Chile discuss oil exports
In Angola, Foreign Trade, Oil on December 12, 2008 at 10:36 amLuanda – The ambassador of Chile to Angola, Cláudio Herrera, Thursday in Luanda, expressed his country’s intention to increase the volume of oil imported from Angola.
Read the news feature at Angop
Angola and Norway reinforce cooperation
In Angola on December 12, 2008 at 10:32 amLuanda – Angolan prime minister, António Paulo Kassoma, Thursday in Luanda, received in audience the ambassador of Norway, Jon Vea, with whom he discussed the strengthening of cooperation in oil, fisheries and other sectors.
Read the news feature at Angop
SA economic confidence at 19-month high
In Economy, South Africa on December 12, 2008 at 10:28 amSouth African economic confidence surged to a 19-month high in November, a survey showed, although overall output growth should remain sluggish.
Read the story in the Mail & Guardian
SAA sees growth opportunities in Africa
In South Africa, Travel on December 12, 2008 at 10:26 amWITH its 18-month restructuring programme behind it, South African Airways (SAA) will focus its attention next year on expanding in Africa, adding up to a dozen new flights in the next six months.
Read the story in Business Day
Big overhaul for South African transport
In Infrastructure, South Africa on December 12, 2008 at 10:19 amSouth Africa’s transport network, still plodding on routes designed by the apartheid regime to keep people apart, is receiving an unprecedented makeover to bring the nation together for the World Cup.
Read the full story in the Mail & Guardian
New South African party’s first victory
In Elections, Politics, South Africa on December 12, 2008 at 10:17 amIn by-elections prompted by the expulsion or resignation of local councillors to join a breakaway party, the Congress of the People, known by the acronym COPE, the ANC has been thumped by a rival party. Of 27 seats in the Western Cape, where most of the contests took place, the ANC, which previously held all of them, won only three (and failed to compete in 12); COPE won ten and the Democratic Alliance, a liberal party which is the main opposition in Parliament, won nine.
Read the full story in The Economist
New sugar mill for Brazil
In Biofuels, Brazil on December 12, 2008 at 10:01 amBRASILIA, Dec 11 (Reuters) – Grain processor Bunge Ltd (BG.N: Quote, Profile, Research, Stock Buzz) and Japanese trading house Itochu Corp (8001.T: Quote, Profile, Research, Stock Buzz) said on Thursday they will build a sugar cane mill in Brazil’s Tocantins state.
Read the news feature at Reuters
Brazil boosts gas investment
In Brazil, Mining on December 12, 2008 at 9:59 amBRASILIA, Dec 11 (Reuters) – Brazil’s Congress passed framework legislation on Thursday that the government hopes will attract fresh investments to allow the country to develop and transport large, untapped gas reserves.
Read the news feature at Reuters
Brazil: $3.6 bln tax breaks
In Brazil, Economy on December 12, 2008 at 9:57 amBRASILIA, Dec 11 (Reuters) – Brazil’s government announced on Thursday tax breaks worth 8.4 billion reais ($3.6 billion) designed to help boost demand and stem a slowing economy but which could undermine its fiscal strength.
Read the news feature at Reuters
Angola’s Unitel in no hurry to list shares
In Angola, Stock exchange, Telecom on December 12, 2008 at 9:55 amLUANDA, Dec 12 (Reuters) – Unitel, Angola’s leading telecoms group and biggest private company, is not in a hurry to list its shares on Luanda’s stock exchange, the company’s general manager Amilcar Safeca said late on Thursday.
Read the news feature at Reuters
Cape Verde: poverty declining
In Cape Verde, Economy on December 12, 2008 at 9:42 amAccording to a study elaborated by the National Statistics Institute (known by the Portuguese-language acronym INE), the percentage of the Cape Verdean population living in poverty dropped from 36.7% in 2001 to 26.6% in 2007. The study also indicates that most of Cape Verde’s poor live in rural areas, are members of families led by women, and have little or no schooling. The study also reveals a reduction in income inequality in the country.
Read the story in A Semana
Cape Verdean security cooperation
In Cape Verde, Security on December 12, 2008 at 9:40 amPRAIA – This week saw the beginning of military exercise “Tarrafal 08” to be carried out by the Cape Verdean National Guard and the French Navy. The exercises are a part of training for the fight against drug trafficking, will also include the Armed Forces Operational Command and the Command of the 3rd Military Region. A French Navy vessel is in Cape Verde, to disembf a Marine company on Baía Verde beach in the town of Tarrafal.
Meanwhile, on the island of Sao Vicente, a US Navy vessel has docked in order to carry out exercises in hte field of maritime security. The crew will also work on s series of social projects in the town of Mindelo.
In an other development, a 22- year old man was arrested on Praia airport, carrying two kilos of cocaine detined for the European market (A Semana).
Accord between Cape Verde, Canary Islands
In Cape Verde on December 10, 2008 at 6:39 pmThe governments of Cape Verde and of Spain’s autonomous Canary Islands region will sign a bilateral accord today, December 10, for cooperation in the area of renewable energies. The signing of the accord takes place during the visit by a delegation of more than 20 Canary Islands-based business executives, headed by the director of the autonomous region’s Department of Energy, Adrián Mendoza Grimón.
Read the whole article at A Semana
Gerdau postpones Argentina steel mill
In Brazil, Investments on December 9, 2008 at 9:33 pmSAO PAULO, Nov 27 (Reuters) – Brazilian steelmaker Gerdau (GGBR4.SA: Quote, Profile, Research, Stock Buzz) (GGB.N: Quote, Profile, Research, Stock Buzz) said on Thursday that it will postpone a $524-million investment in a new steel plant in Argentina that had been due to start construction in November.
Read the news feature at Reuters
Venezuela tax bill for Brazil’s Odebrecht
In Brazil on December 9, 2008 at 9:31 pmCARACAS, Nov 4 (Reuters) – Venezuela hit Brazilian construction giant Odebrecht with a $282 million tax bill on Tuesday, embroiling the company and a leftist Andean government in its second dispute in just a few weeks.
Read the news feature at Reuters
Angola property market immune to global crisis?
In Angola, Investments, Real estate on December 9, 2008 at 9:29 pmLUANDA (Reuters) – Angola’s sizzling property market has sailed through the global financial crisis and is expected to continue to thrive in coming years, executives and analysts say.
Read the news feature at Reuters
