jDettoni

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Argentina's congress approves $5bn Repsol compensation

<b>Argentina's congress has given final approval to pay the Spanish oil giant Repsol $5bn (£3bn) in compensation for the nationalisation in 2012 of its stake in Argentine oil firm, YPF.</b><p>After a marathon 16-hour session, the Chamber of Deputies passed the settlement plan by 135 votes to 59.<p>The deal is …

Latin America

Colombia president reinstates ousted Bogota mayor Petro

<b>Colombian President Juan Manuel Santos has reinstated the ousted Bogota mayor, Gustavo Petro, to his former office.</b><p>The decision by the president comes just a day after a court ordered him to reappoint Mr Petro within 48 hours.<p>The mayor was sacked by Colombia's inspector general in December over the …

Russia

Bolivia raises minimum wage by 20%

<b>Bolivia will raise the minimum wage by 20%, President Evo Morales announced on Monday.</b><p>Following talks with leaders from Bolivia's main trade union federation, President Morales also said that the basic salary would go up by 10%.<p>The increase is well above inflation, which was 6.5% in 2013.<p>The move …

South America

Ecuador faces vote on Yasuni park oil drilling in Amazon

<b>Environmentalists in Ecuador say they have collected enough signatures to have a referendum on whether the Yasuni National Park in the Amazon should be opened to further oil exploration.</b><p>They said 727,947 people had signed their petition to have a vote - more than required by Ecuadorian …

Indigenous Peoples

US created 'Cuban Twitter' to stir unrest

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/world/1066000/1066303_h264_1500k.mp4?__gda__=1518117123_3e30e9cc6ed2cd8a94ddca32873b57f4<p><b>The US created a text-message social network designed to foment unrest in Cuba, according to an investigation by the Associated Press news …

Internet

Cuba approves foreign investment law

<b>Cuba's National Assembly has unanimously approved a bill aimed at making the Communist-run island more attractive to foreign investors.</b><p>The law slashes taxes on profits from 30% to 15% and gives new investors eight years of exemption from paying taxes.<p>The change is seen as a key part of President …

Cuba

Mongolia Puts Ger Shantytowns on the Map

Daynsaikhan’s ger sits at the very edge of Ulan Bator. Completely surrounded by snow, it appears cold and isolated, just a few meters from an illegal …

Genghis Khan

Deal signed to end row over Panama Canal expansion

<b>The Panama Canal Authority (ACP) has approved a deal to end a dispute over $1.6bn (£1bn) cost overruns that had delayed work to widen the waterway.</b><p>The Spanish-led construction consortium and the ACP say each will invest an extra $100m in the project, due to be completed in 2015.<p>The consortium will …

Rowing

Do massive dams ever make sense?

<b>A new report from researchers at Oxford University argues that large dams are a risky investment - soaring past projected budgets, drowning emerging economies in debt and failing to deliver promised benefits. Do they ever really make sense?</b><p>A peek over the edge of the Hoover Dam's 60-storey wall is …

US judge annuls Ecuador oil ruling against Chevron

<b>A judge in the US has ruled that lawyers representing Amazonian villagers used bribes to secure compensation worth billions of dollars from oil company Chevron in Ecuador.</b><p>The latest ruling means that the Amazonian villagers cannot use US courts to enforce the ruling against the American oil company.<p>…

Oil & Gas Industry

Citigroup profit hit by Mexican fraud

<b>The US bank Citigroup has lowered its fourth-quarter and full-year earnings after discovering fraud in its Mexican subsidiary.</b><p>The bank said that 2013 net income would be reduced to $13.7bn (£8.2bn) from $13.9bn.<p>Citigroup said that it believed the fraud was an "isolated incident".<p>Chief executive …

Corruption

Clarin break-up plan passed under Argentine media law

<b>Regulators in Argentina have approved a plan to break up the country's biggest independent media group into six parts.</b><p>The Clarin conglomerate has to be reduced because of a controversial anti-monopoly bill passed by President Cristina Fernandez de Kirchner.<p>TV, radio and other Clarin licences are to …

Audio-visual

Spanish firm Sacyr denies halting work on Panama Canal

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/world/1050000/1050374_h264_1500k.mp4?__gda__=1518117123_0af3833a1dbd20b4a7f3c0786eabe1d5<p><b>The Spanish building company leading the expansion project on the Panama Canal has denied that work at the waterway has been halted.</b><p>The president of …

Cruise Ships

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Choose the subscription that is right for you<p>Purchase a Premium Digital Trial subscription for<p>Not sure which package to choose? Try full access for 4 …

Colombia to charge employees of US coal company Drummond

<b>Colombian chief prosecutor Eduardo Montealegre says he will bring charges against six employees of the US coal mining company, Drummond, over an environmental disaster last year.</b><p>The company spilled hundreds of tonnes of coal into the sea at Santa Marta, on Colombia's Caribbean coast, when it tried …

South America

Peru-Chile border defined by UN court at The Hague

<b>The United Nations' highest court has defined the maritime boundary between Peru and Chile after an acrimonious dispute between the two neighbours.</b><p>Judges at The Hague awarded Peru parts of the Pacific Ocean but kept rich fishing grounds in Chilean hands.<p>At stake were 38,000 square kilometres …

South America

Bogota Mayor Gustavo Petro's sacking put on hold by court

<b>A court in Colombia has temporarily put on hold a controversial decision by the country's inspector general to remove Bogota Mayor Gustavo Petro from office.</b><p>Judge Jose Armenta said the sacking should not be enforced until it had been established whether Mr Petro's rights had been violated.<p>Mr Petro …

Venezuela

Venezuela: Maduro shakes up top economic team

<b>Venezuelan President Nicolas Maduro has announced a shake-up of the team running the country's economy during his annual state of the union address.</b><p>The current public banking minister, Rodolfo Torres, will replace Nelson Merentes as finance minister.<p>Mr Merentes will take over the post of head of …

Venezuela

Panama Canal expansion project: Have American fears come true?

<b>More than four years ago, when Panama awarded the lucrative contract to expand its inter-oceanic canal to a mostly European consortium, the United States was not pleased.</b><p>An American company whose bid was unsuccessful, Bechtel, thought the winning tender would barely pay for pouring the concrete and …

Joe Biden

Mongolia at a crossroad as boom brings challenges

6 Jan 2014 at 13:48<p>Copy text Save PDF Email Print text<p>Workers covered from head to toe check in early at the construction sites in downtown Ulan …

Asia

Chilean fishermen win court backing in Bocamina environmental row

<b>Chile's Supreme Court has ordered the operator of two coal power plants to ensure the facilities do not pollute the oceans or kill marine life.</b><p>The judges sided with local fishermen and environmentalists in the Bio Bio region of central Chile.<p>They argued that the Bocamina power stations were sucking …

Conservation

Cuba: US 'very open' to new relationship

<b>A senior American official has said the United States is "very open" to building a new relationship with Cuba.</b><p>However, Edward Alex Lee of the US state department stressed that any improvement should go hand-in-hand with more political freedom on the communist-run island.<p>He said the two countries …

Cuba

Brazil World Cup 2014: Court halts stadium construction

<b>A court in Brazil has halted construction work at the World Cup stadium in the city of Manaus, where a builder fell to his death from a roof.</b><p>The Prosecutor's Office had demanded the suspension until contractors Andrade Gutierrez presented a detailed report on the site's safety conditions.<p>The man …

Brazil

Ex-president Michelle Bachelet wins Chile poll run-off

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/world/1037000/1037133_h264_1500k.mp4?__gda__=1518136171_f09ac4b6d09b8ede4ac43dfba4d027d6<p><b>Left-wing candidate Michelle Bachelet has been elected Chilean president for a second time by a wide margin.</b><p>With almost all the votes counted, Ms …

South America

Mongolia Looks To Stock Trading As Trade With China Sinks, Hopes To Find An Antidote To Declining Fortunes In Coal, Gold Mining

ULAN BATOR, Mongolia – For decades, this remote and fabled region -- known for the 13th century dynasty of Genghis Khan and his Mongol hordes, who …

Two die in Brazil World Cup stadium accident

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/world/1032000/1032017_h264_1500k.mp4?__gda__=1518162175_8a986f59c7c4a4cc1c2f837941d7655f<p><b>Two people have died in an accident at Sao Paulo's stadium, which is due to host the opening ceremony of the 2014 World Cup finals, police say.</b><p>A …

Brazil

Sereeter Javkhlanbaatar

Mineral-rich Mongolia has had something of a fall from grace with international investors since a 2012 law introduced tight investment limitations, …

Economic Development

Brazil venues struggle to meet World Cup deadline

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/world/1031000/1031265_h264_1500k.mp4?__gda__=1518162174_454c7b37bb9575e9467e66c3c7b47024<p><b>After a spate of building problems and public protests in Brazil, the governing body of world football, Fifa, repeatedly warned there would be "no</b> …

Brazil

Argentina reaches YPF compensation deal with Repsol

<b>Argentina has reached an agreement in principle to compensate Spain's Repsol for the nationalisation of energy firm YPF.</b><p>Argentina seized YPF last year without paying anything. The Spanish company had been demanding $10.5bn (£6.5bn) in compensation.<p>In Buenos Aires, Repsol, YPF and Mexico's Pemex, …

Oil & Gas Industry

Mongolia to embrace illegal gold miners

The government of Mongolia, one of the world’s fastest-growing economies, signed Monday a deal with the country’s gold producers association, which …

Bitcoin