The European Union recommended Monday that its 27 nations reinstate restrictions on tourists from the U.S. because of rising coronavirus infections there, the Associated Press reported. The decision by the European Council to remove the U.S. from a safe list of countries for nonessential travel reverses advice that it gave in June, when the bloc recommended lifting restrictions on U.S. travelers before the summer tourism season. The guidance is nonbinding, however, and U.S. travelers should expect a mishmash of travel rules across the continent.

A business plan that aims to put Mexico’s troubled Interjet back in the skies in 2022 is ready, according to the firm the airline hired to advise on restructuring $1.25 billion in debt, Bloomberg News reported. Argoss Partners submitted the plan to Interjet management at the end of July. It calls for debt forgiveness of over 90%, partial payment to workers, preliminary agreements for new aircraft leases and a management team revamp.

The United States will continue to be a "very generous" donor of humanitarian aid to the Afghan people and will aim to prevent any of its assistance from passing through Taliban coffers, State Department spokesman Ned Price said on Friday, Reuters reported. "We can maintain a humanitarian commitment to ... the Afghan people in ways that does not have any funding or assistance pass through the coffers of a central government," he told reporters.

Mexico's new finance minister Rogelio Ramirez de la O said on Friday that the 2022 budget will not increase taxes, and that the government will instead focus on combating tax evasion, Reuters reported. Speaking to lawmakers in Congress, Ramirez de la O said the budget would not include tax rate hikes, and would be balanced, responsible and realistic. Read more.

Centerra Gold Inc.’s units on Wednesday filed a motion in a U.S. Bankruptcy Court seeking penalties of $1 million a day against the Kyrgyzstan government, related to the seizure of the Canadian company’s Kumtor gold mine, Reuters reported. Centerra Gold said in May, its Kyrgyzstan units Kumtor Gold Co. (KGC) and Kumtor Operating Co. (KOC) commenced bankruptcy proceedings in a U.S. court following nationalization of the miner’s Kumtor gold mine by the former Soviet republic.

Laurentian University is asking for permission to extend its restructuring efforts into the new year, documents filed before the courts reveal, Sudbury.com reported. The university is in court once again Aug. 27, asking that the stay of proceedings protecting it against its creditors be extended until Jan. 31, 2022. At the same court date, Laurentian is also asking that the maturity date for more than $35 million in bridge financing loans also be extended until Jan. 31, 2022. The university announced Feb.

Vice President Kamala Harris made the case for the U.S. to strengthen its economic ties with Southeast Asia during a two-day trip to Singapore, where she stressed the need to work with countries to ease supply-chain constraints as a surge of Covid-19 cases has hit factories in the region, the Wall Street Journal reported. Harris said Tuesday she discussed the supply-chain problems extensively with Prime Minister Lee Hsien Loong during their bilateral meetings.

Prime Minister Justin Trudeau promised to introduce a two-year ban on foreign home buyers to tackle housing affordability in Canada if he’s re-elected, Bloomberg News reported. The proposed restriction is an attempt to cool a housing market that has soared during the Covid-19 pandemic. Surging prices have become a central issue in the campaign for the Sept. 20 vote, in which Trudeau hopes to regain a majority in parliament, with all three major parties promising crackdowns. “You shouldn’t lose a bidding war on your home to speculators.

The remnants of Greensill Capital, the U.K. financing company that collapsed earlier this year, filed for chapter 15 bankruptcy in the U.S., aiming to halt litigation filed by one of its biggest clients, a coal-mining company owned by the governor of West Virginia, WSJ Pro Bankruptcy reported. Greensill’s U.S. bankruptcy filing on Wednesday seeks to halt a lawsuit brought earlier this year by coal supplier Bluestone Resources Inc. and its owners, West Virginia Gov. Jim Justice and his family, according to court papers filed in the U.S. Bankruptcy Court in New York.

The International Monetary Fund said it will prevent Afghanistan from gaining access to some $450 million in aid in the wake of the Taliban's takeover the country, after the U.S. Treasury Department moved to block the funds, Politico reported. The IMF, with U.S. backing, is issuing billions of dollars worth of new “special drawing rights,” a reserve asset that can be converted to government-backed money, to aid poorer countries. A portion of those assets was scheduled to be allocated to Afghanistan next week, an event that generated urgent pushback from Republican lawmakers.