PREPA
Economy

Puerto Rico’s power authority avoids default

Puerto Rico’s power authority, PREPA, avoided default on Wednesday by making a $415 million bond payment partly financed by insurers that backed the bonds, but creditors cautioned they would take legal action if restructuring negotiations with the utility over its $9 billion debt deteriorate.

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BAGDADIS
Sports

Baghdatis beats Millman at Wimbledon

Cyprus’ own Marcos Baghdatis on Wednesday beat Australia’s John Millman 6-7(5) 2-6 6-3 6-2 6-4 at the second round of Wimbledon men’s singles.

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