Tag: Trade

Latin America must restart air travel by July to avoid bankruptcies: trade group

BOGOTA (Reuters) – Latin American countries should quicken steps for airlines to renew domestic flights no later than July before more companies are forced to declare bankruptcy or close, a high-ranking official of the International Air Transport Association (IATA) said on Thursday.

The trade group estimated losses for airlines in Latin America at $4 billion this year, with total losses for the industry expected to reach $84 billion globally.

Latin America has imposed stricter travel restrictions than most regions to fight coronavirus. Colombia and Argentina have banned international flights through to Aug. 31, while other countries including Peru, Ecuador, El

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Enterprise Florida ramping up overseas trade effort

Enterprise Florida intends to ramp up marketing and business recruitment during the coming year to try to offset the state’s record job losses from the coronavirus pandemic.

As it puts together a budget for the fiscal year that starts July 1, the public-private economic development agency is also making an assumption that its employees will be able to go overseas by the final three months of 2020.

The “full steam” effort to encourage job growth includes a focus on reviving international trade, with the hope of sending a contingent to the Medica Trade Fair in November in Dusseldorf, Germany, if

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How to Trade the New Bull Market As the Economy Begins to Reopen

The bull market is back. And stocks have been on a tear.

Pretty amazing, given where we were just a couple of months ago.

On March 11th, just 19 days after hitting all-time record highs, the historic 11-year bull market was stopped in its tracks due to the coronavirus, and a new bear market had begun.

It was the fastest we’d ever seen a bull market turn into a bear.

Stocks plunged as traders braced for the worst with the Dow falling as much as -38.4%, the S&P falling by -35.3%, and the Nasdaq falling by -32.5%.

But after spending

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