Latin American and Caribbean economies will start to slow in the second half of this year and possibly into 2009 because of the rise in oil and food prices, the United Nations Latinamerican Economic Commission, Cepal said on Friday.
In what some experts call Raúl Castro's boldest break yet from socialism, Cuban state companies have until August to overhaul their salary structures to one that pays hard-workers more than slackers, the government newspaper reported Wednesday.
Archbishop Reinaldo del Prette from the Venezuelan city of Valencia has praised the decision by President Hugo Chavez to review a controversial law on national intelligence that some say would violate fundamental rights such as the seal of confession.
A plane carrying 10 people that disappeared four days ago in Chile's frigid southern forests was found Wednesday with nine survivors who stayed alive by huddling for warmth, sharing food and sheltering in the plane's wreckage.
A recent proposal to make Chile's entire coastline as a no-hunt whale sanctuary may not be enough to safeguard Chile's whales, according to world-renowned marine biologist and conservationist advocate Rodrigo Hucke-Gaete.
London has been named the most influential financial centre in the world for the second consecutive year in spite of competition from fast rising hubs in Asia, according to MasterCard's second annual survey.
Venezuelan president Hugo Chávez said foreign investors have no longer any room in the country because they are only interested in making money and transferring earnings overseas. However, he invited private companies to joint ventures in non strategic areas of the economy.
Canada's Methanex plant in the extreme south of Chile is planning to generate electricity from coal thus sparing more natural gas to convert into methanol, announced the company in Punta Arenas.
The US cruise ship Disney Magic paid a record 331,200 US dollars to cross the Panama Canal. The 295-meter-long cruise owned by a subsidiary of Walt Disney Co, broke the transit record on May 16, the Panama Canal Authority said.
In the last four years, wealth controlled by Chile's richest families grew by 45% to 71 billion US dollars, according to a study done by Chilean financing evaluation company LarrainVial, consulting company Accenture and the Universidad Adolfo Ibáñez.