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The brothers were arrested in São Paulo on charges related to fraud in the contracts between the Transpetro subsidiary of Petrobras and the Efromovich brothers’ Estaleiro Ilha S.A. (EISA) shipyard in Brazil.

The World Economic Forum is launching two regional networks of cities in Latin America and South Asia to share knowledge on smart city development while protecting public interests related to privacy, security, and sustainability. Under the umbrella of the Forum’s G20 Global...

The agreements coincided with Colombian President Juan Manuel Santos’ trip to Brasilia to meet with Brazilian President Michel Temer.

Cali, the third largest city in Colombia, ranked ninth among the continent’s on-the-rise destinations.