Colombia’s Avianca backs down from Viva Air merger

BOGOTA (Reuters) – 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. In a statement, Avianca said conditions set by the regulator “would not allow Viva to be a financially and operationally viable airline,” and also put Avianca’s stability…

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Amazon Overhauls Delivery Network, Seeking Faster Delivery, Profits -WSJ

Amazon Overhauls Delivery Network, Seeking Faster Delivery, Profits -WSJ

(Reuters) – Amazon.com Inc has overhauled its logistics network to reduce how far a package travels, in a push to move goods faster and more profitably, the Wall Street Journal reported on Saturday. The online retailer’s efforts have helped reduce delivery times, transformed inventory management and changed the search results customers see on its flagship…

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Philippine court acquits top critic of ex-president Duterte’s ‘war on drugs’

By Adrian Portugal MANILA (Reuters) -A Philippine court on Friday acquitted of a drugs charge one of the fiercest critics of ex-President Rodrigo Duterte’s “war on drugs”, a move welcomed by activists who called her incarceration a vindictive effort to harass and silence her. The court cleared former senator Leila de Lima, 63, of the…

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EU and US to pledge joint action over China concerns

By Philip Blenkinsop BRUSSELS (Reuters) – Washington and the EU will pledge joint action to tackle concerns focused on China about non-market practices and coordinate their export controls on semiconductors and other goods at a meeting this month, a draft statement showed. U.S. Secretary of State Antony Blinken, European Commission Vice-President Margrethe Vestager and other…

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