In the eve of the Managua summit which will focus on creating a new Economic Zone, Petrocaribe, the late Venezuelan president Hugo Chavez’s oil treaty, continues to play a vital role in the economic development of its 18 member states from the Central America and Caribbean region. But given the current political and economic climate in Venezuela, the question remains if Petrocaribe’s cheap oil is sustainable?
Aditya Birla Group is a late entrant to Latin America and came very much later than the Tatas and Reliance, the other big iconic Indian business groups. However Birla has made up for lost time by emerging as the Indian company with the largest annual business turnover in Latin America, which was around 1.8 billion dollars last year. Birla is also the largest investor from the Indian private sector in Latin America.
By Professor Peter Willetts - In March, 1,513 people in the Falklands voted Yes to remaining a British Overseas Territory and only three people voted No. The Yes vote was a remarkable 99.8% of the voters on an exceptionally high turnout of 92.0%. The orthodox view that British voters chose to remain British is not enough to explain the result.
As protests again turned violent near the stadium where Brazil’s national team was playing arch-rival Uruguay, legislators kept up a lawmaking spurt aimed at quelling the biggest street demonstrations in two decades by increasing penalties for corruption.
An estimated one hundred thousand people turned out Wednesday on another day of demonstrations called by students in several Chilean cities, with union members, port workers and miners joining the throng.
Never in his life did Artigas (Uruguay’s liberator from Spain and Portugal 200 years ago) wanted to be an Argentine, and since then all Uruguayans feel the same way, was the spirit of the barrage of twits from Uruguayan opposition leaders condemning President Cristina Fernandez interpretation of history events.
By Daniel J. Graeber - Norwegian energy company Statoil said last week it was forming a special operations division to handle emergency operations in response to a terrorist attack on a natural gas facility in Algeria. The company said it would double the amount of employees it had designated for existing security operations after reviewing the measures in place at the In Amenas gas facility.
Sights of the Atlantic beaches from the hills surrounding the Uruguayan coast can be admired while travelling to Piccadilly Circus or to Westminster Palace in any one of the 75 London cabs with publicity contracted by Uruguay’s Ministry of Tourism began on the 17th June.
Pouring rains and floods have forced the closure of the Iguazu Park, home of the world’s most famous waterfalls in the heartland of South America, shared by Argentina and Brazil, according to reports from the Argentine navy outpost in Puerto Iguazú.
The weak state of the French economy and uncertain outlook for budget targets was in focus on Wednesday after official data confirmed that the country is in recession. Weak growth and public finances in France are of acute concern to the European Commission and to Germany which is the main powerhouse in the Euro zone.
The figures are also watched closely on nervous financial markets.