Venezuela has imposed sweeping power cuts on industry and businesses in order to save its limited energy resources and avoid mass blackouts. The government said the cuts were because of falling water levels at the Guri Hydroelectric dam, which supplies much of the country's power.
Chilean flag carrier LAN Airlines and its subsidiaries, one of the leading airlines in Latin America, announced Wednesday that the Company signed a contract for the purchase of 30 Airbus A320 family aircraft to be delivered between 2011 and 2016.
The Cuban economy grew by only 1.4% in 2009, far from an initial forecast of 6%, Economy and Planning minister told parliament this week. Marino Murillo said that Cuba’s exports fell by 22.9% this year, while imports were down 37.4%. Prospects for 2010 are modest: 1.7% growth.
All nine members of the Bank of England's Monetary Policy Committee (MPC) voted to hold interest rates at its December meeting. Minutes from the meeting also showed that the MPC was unanimous in voting to maintain the £200bn quantitative easing (QE), or asset buying, programme.
Over half of Honduras registered voters in Honduras did not participate in the controversial presidential election last November 29th, held under the de facto regime, according to figures released by the country’s Supreme Electoral Tribunal.
Bolivia’s re-elected president Evo Morales ratified his sweeping victory on December 6 general election when he was supported by 64.2% of the vote, according to the final vote count from the country’s Electoral Court.
The European Union, United States and the Organization of American States condemned the killing of Colombian governor Luis Francisco Cuellar, which has been attributed to the Marxist-inspired, drugs-funded Revolutionary Armed Forces of Colombia, FARC, the oldest guerrilla grouping operating in the country.