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Avianca is not renewing employment contracts after filing for bankruptcy. Many employees are on furlough, some of those will not return, no matter Avianca's outcome.

IBM has announced that it has awarded a $50,000 USD grant to Colombia-based PionerasDev, a nonprofit whose mission is to create and cultivate self-managed communities for women to learn and work on computer and web programming.

Fitch Ratings has assigned a long-term 'BBB' rating to Empresas Publicas de Medellin E.S.P.'s (EPM) proposed senior unsecured U.S. dollar debt issuance that matures in 2031. Fitch has also assigned a long-term 'BBB' rating to the company's proposed reopening of its 8.375% senior...

Yesterday, almost 100 members of the US Congress sent a letter to Secretary of State Mike Pompeo asking him to put additional pressure on Colombian President Ivan Duque to implement the 2016 Peace Accords signed by previous President Juan Manuel Santos, and also to reverse the...

After the first COVID-19 tax holiday was condemned as irresponsible, the Colombian government is restricting electronics & appliance sales during the next two tax holidays taking place in July where shoppers will be exempt from the country's 19% VAT tax.

President Ivan Duque announced a further extension to Colombia’s national curfew in response to the Coronavirus COVID-19 Pandemic to July 15 in Decree 878 of June 25, but also modified Decree 847 of June 14, allowing limited pilots of restaurant and church reopenings.

The Institute for Health Metrics and Evaluation (IHME) at the University of Washington is forecasting nearly 388,300 people will die from COVID-19 in Latin American and Caribbean nations by October 1. Brazil is expected to exceed 166,000 deaths and Mexico 88,000. Six other...

Fitch says Movistar has a diversified service portfolio with a national footprint and improving 4G and fiber broadband networks. Mobile accounts for approximately 60% of revenues in 2019, in line with the regional median.

A bilateral trade agreement between Colombia and the United Kingdom has passed in Colombia’s plenary senate session and now passes to the Andean nation’s lower house for approval.

Headquartered in Barranquilla, Colombia, the Company operates out of a 2.7 million square foot vertically integrated, state- of-the-art manufacturing complex that provides easy access to the Americas, the Caribbean, and the Pacific.