Hurricane Maria deals Puerto Rico’s fragile economy a new blow

Thomson Reuters PUERTO RICO/NEW YORK (Reuters) – Chan Lo is racing against the clock to save thousands of dollars of supplies at his sushi restaurant in San Juan’s Condado beachfront community. He has roughly $ 16,000-worth of perishable goods stored in his restaurant Nagoya Sushi & Tiki Bar — in jeopardy as the battered island […]

Roads & pensions swept up in Puerto Rico’s $123bn bankruptcy

Published time: 22 May, 2017 20:05 Edited time: 22 May, 2017 20:11 Puerto Rico’s bankruptcy process has spread to the territory’s pension system and highway authority, bringing the amount involved to over $ 120 billion and far exceeding the previous municipal bankruptcy record. The Employees Retirement System (ERS) and the Highways and Transportation Authority (HTA) […]