Ecuador’ government owned Petroecuador signed a transitional contract with Repsol-YPF, giving the Ecuadorian government a bigger share of the Spanish oil company’s profits for one year and paving the way for new fee-for-service deal.
As evidence of global warming continues to mount, the world community is coming ever closer to a consensus on the issue, agreeing that climate change is very much real and that it must – before its already present effects worsen – be urgently addressed.
President Barack Obama administration has begun moving on several fronts to repair strained US relations with Latin America. Obama meets Saturday at the White House with Brazilian President Lula da Silva, and he is sending Vice President Joe Biden and Secretary of State Hillary Clinton on Latin American missions to prepare for the mid-April Summit of the Americas in Trinidad and Tobago.
Under the logo “A Progressive response to the global crisis” Chilean president Michelle Bachelet will host next March 27 and 28 a new Progressive Leaders summit to which top international leaders from Africa, Latinamerica, United states and Europe have confirmed their participation.
Brazilian President Lula da Silva will urge US President Barack Obama on Saturday March 14 to open talks with governments in Venezuela and Cuba and make aid and development the focus of his Latin America policy. Lula da Silva is the first Latinamerican president to meet with Obama.
United States looks at the coming Americas Summit next April in Trinidad Tobago as an opportunity to begin a new relation with Latinamerica in a “spirit of equals” since the region will have to play a crucial role in the reply to the global economic crisis.
Chilean president Michelle Bachelet on Thursday reshuffled her cabinet by naming new Foreign Affairs and Defence ministers as well as a new government spokesperson. This is the eighth reshuffle since taking office in 2006 and marks the beginning of a tough electoral and financial year.
Chile dropped six places in the World Economic Forum’s latest travel and tourism ranking for the most competitive and attractive countries for travel and tourism.
Chile is now in 57th place out of the 133 countries included in the study – beating out nearby countries like Peru (74th place) and Argentina (65th).
Bolivian president Evo Morales ate a coca leaf in front of delegates at the UN summit on drugs in Vienna on Wednesday, to underline his demand that the raw ingredient used to make cocaine be removed from the United Nation's list of prohibited drugs.
Peru is the only Latin American country likely to escape slipping into recession this year, a senior World Bank official said on Wednesday.