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.