Brazil has imposed a hefty six percent increase on the surcharge paid by its citizens when making credit cards purchases overseas. The increase, which went into effect on Saturday, raised the tax from 0.38 percent to 6.38 percent.

Embraer test pilots Eduardo Camelier and Eugênio Cará flew the aircraft for one hour and thirty-five minutes, conducting the evaluation of handling and performance characteristics.

Two Bermuda resorts in receivership – the Coral Beach & Tennis Club and the Horizons & Cottages resort, were sold by real estate firm KPMG to New York-based investment firms Three Wall Capital and ROC Group, according to local press reports.

Amadeus has announced it is to acquire Newmarket International, a leading provider of cloud-based group and event IT solutions to the hotel industry, for $500 million. It will be operated as a stand-alone business within Amadeus’ Global Hotel Group which will integrate many aspects of Amadeus’ robust products and services over time.