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OPEC+ meets as oil output hike looms
OPEC+ meets as oil output hike looms
Economy
by  AFP

Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices. OPEC+ ministers in their online meeting Wednesday reaffirmed the alliance's collective policy, according to a joint statement.

Brazil airline Azul files for bankruptcy protection in US
Brazil airline Azul files for bankruptcy protection in US
Economy
by  AFP

Brazil's biggest airline by number of flights and destinations, Azul, announced Wednesday it had filed for bankruptcy protection in the United States to try restructure debt arising from the pandemic and from supply chain issues. Its main Brazilian competitor Gol filed for Chapter 11 bankruptcy in the United States in January 2024. ll/lg/cb/bjt