
Bolivia has agreed to pay 31.7 million dollars to British electric utility Rurelec as compensation for the 2010 nationalization of its controlling stake in power producer Empresa Electrica Guaracachi, 10 million less than the amount determined by an arbitration tribunal, the Attorney General's Office said.

A global leader-board in the race to protect workers’ rights was released at the ITUC World Congress in Berlin. The ITUC Global Rights Index ranks 139 countries against 97 internationally recognized indicators to assess where workers’ rights are best protected, in law and in practice.

Right-wing opposition candidate Oscar Ivan Zuluaga won most votes in Colombia's presidential election on Sunday but fell short of a first-round victory and will face President Juan Manuel Santos in a close runoff on 15 June.

The Permanent Council of the Organization of American States (OAS) approved the submission of several draft resolutions to the General Assembly of the institution, which will take place from June 3 to 5 in Asunción, Paraguay.

President Nicolás Maduro said the World Cup is to blame for international airlines’ decision to cut flights to Venezuela and denied that the move had anything to do with his government's refusal to allow them to repatriate proceeds from ticket sales inside the country.

The economic scenario for 2014, with an estimated average growth rate of 2.7%, is far from encouraging for the evolution of the Latin American regional labor market and presents major challenges for labor market policy, said the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO) in a new joint report released this week.

The Dominican Republic’s 2013 visitor numbers grew by 3.6% over the previous year, outpacing the entire Caribbean region, which recorded growth in tourism of only 1%. Tourism minister Francisco Javier Garcia described it as “an extraordinary year.”

Accusations of bribes from drug traffickers, spying and email hacking have turned Colombia’s presidential election into an ugly slugfest that has further polarized a country trying to emerge from its violent past.

European Parliament lawmakers Marian Harkin and Pat The Cope Gallagher have issued strong warnings of soundings coming from Europe of a potential Mercosur trade deal, particularly European Commission President Barroso intention of having the agreement signed before he steps down from office.

Former President of Costa Rica, José María Figueres, has begun the deployment of 64 international experts and observers in Colombia ahead of the country’s presidential election on Sunday May 25.