Chile has some of the worst social indicators of the 34 countries that make up the Paris based Organization for Economic Cooperation and Development, according to the latest releases from the group.
The Chilean fruit industry is being threatened by the rapid decline of the country’s bee population, a product by the country’s ongoing drought.
Water shortages across central Chile are withering the flower buds, depriving bees of their sustenance, the nectar.
Inflation risks are building in all Latin American countries except Mexico, where price gains are low and economic expansion should outpace Brazil this year, according to the the International Monetary Fund World Economic Outlook.
The Chilean wine company Viña Montes plans to invest 20 million US dollars in vineyards on the other side of the Andes in neighbouring Argentina, where it expects to double production over the next five years.
With 90% of Sunday’s presidential election ballots counted Peru is headed for a runoff between nationalist Ollanta Humala and former lawmaker Keiko Fujimori, a choice many voters in the country’s surging middle and upper classes might have trouble swallowing.
Peru’s presidential election on Sunday will have a second round of voting between Ollanta Humala and Keiko Fujimori on 5th June, according to the latest official percentages which indicate the nationalist former Army officer has 31.75% of the vote and the daughter of former president Alberto Fujimori, 23.29%, quite distanced from Pedro Pablo Kuczynski’s (PPK) 18.8%.
Governor Liliana Kusanovic, from the extreme south Chilean Magallanes region has resigned alleging the need to care for family affairs and denying any link with January’s gas prices strike which paralyzed the region for a week. Ms Kusanovic’s resignation, which belongs to the ruling coalition, was accepted and made public Monday.
Growing crime and violence in Central America not only have an immediate human and social toll but they also pose a tremendous threat to development potential in the region since it is estimated that these sources of instability cost 8% of GDP, once health, institutional, private security, and material expenses are accounted for.
U2's current worldwide 360° tour has become the highest grossing in history, beating the record previously set by The Rolling Stones between the years 2005-2007, reported Live Nation Entertainment.
The region with the largest increase in military expenditure in 2010 was South America, with a 5.8% increase in real terms, reaching a total of 63.3 billion US dollars according to the latest report from the Stockholm International Peace Research Institute, SIPRI.