Venezuelan President Hugo Chavez hiked an oil windfall tax in a move that raises government income ahead of the 2012 presidential election, but puts a heavy load on oil companies.
The head of the World Trade Organization warned the decade-old Doha Round talks on a new global commerce deal involving billions of dollars are at serious risk because of differences over cutting tariffs on industrial goods.
New York City followed by Chicago and Houston rank top in the first ever 'American Cities of the Future' ranking compiled by fDi Magazine, belonging to the Financial Times group. Santiago de Chile, Lima (Peru) and Monterrey (Mexico) snatched the top three positions in the Latin America city ranking.
Mexico's antitrust commission confirmed Sunday that it has fined the country's biggest mobile phone operator over 1 billion US dollars on grounds that it used its market weight and interconnection fees to displace competitors.
New studies undertaken by Universidad Católica and Universidad de Chile have identified the five most active fault lines in Chile in the hopes of protecting people from future earthquake damage.
Security forces have reportedly shot dead at least three people and injured others in north-west Syria, days after the worst bloodshed since unrest began. Police and soldiers opened fire from rooftops in the coastal town of Jabla, though no protest was being held at the time, witnesses said.
Estimated investment in Chile reached a total of US$130 billion during 2010, including US$42.7 billion in potential investments. This total marks a rise of 16% from 2009, according to Sofofa. Last year’s figures are the highest in five years.