The business climate (ICE) in Uruguay was down in the third quarter of the year, which means the country dropped from position 5 to 7 in the ranking of the eleven economies contemplated in the index elaborated by the Brazilian Getulio Vargas Foundation and Germany's respected IFO.
A former Ecuadorean judge who presided over a pollution case against Chevron Corp. (CVX) testified that he and a colleague who issued a 19 billion judgment against the company in the environmental lawsuit were bribed.
Chevron Corp will try to convince a US judge that a group of Ecuadorean villagers and their US lawyer used bribery to win a 18 billion dollars judgment against Chevron from a court in Ecuador, in the latest chapter in a long-running fight over pollution in the Amazon jungle.
A couple of days before Ecuador’s President Rafael Correa is set to arrive in Argentina he sank his right hand into the bushes of the Ecuadorean Amazon and then showed it to the dozens of journalists summoned for the demonstration: it was covered in oil.
Ecuador has abandoned a conservation plan that would have paid the country not to drill for oil in previously untouched parts of Yasuni National Park in the Amazon rainforest. President Rafael Correa said rich nations had failed to back the initiative, leaving Ecuador with no choice but go ahead with drilling.
Imports of shrimp from Malaysia will be subject to anti-subsidy duties as high as 54.5%, the U.S. Commerce Department said, while lower penalties were set for similar goods from China, Ecuador, India and Vietnam.
US petroleum giant Chevron has warned that the continuing legal battle with Ecuador's government over pollution charges could put in jeopardy the company's partnership with YPF to exploit the Vaca Muerta shale reserves in the Patagonian province of Neuquén, Argentina.
Ecuador regrets that Paraguay has not invited Venezuelan president Nicolas Maduro (who is also currently president of Mercosur) to the inauguration of president Horacio Cartes next Thursday, 15 August, said Ecuadorean foreign minister Ricardo Patiño,
New Iranian President Hassan Rouhani met in Tehran on Sunday with Cuban Vice President Ricardo Cabrisas and said his country wanted to expand its relations with Latin America, “especially with Cuba,” Iran's Isna news agency reported.<br />
Cabrisas traveled to Iran for Rouhani's inauguration on Sunday.
The Organization of American States, OAS and the Demining Centre of Ecuador (CENDESMI), with financial support from Norway have launched a training workshop for the maintenance and repair of MINELAB F-3 metal detectors and polycarbonate visors used in the deactivation of mines found in some areas of the border between Ecuador and Peru.