“There’s no doubt that with the growth of China, we’ve seen a re-commoditization of Latin America,” said Colombia’s Mining Minister Mauricio Cárdenas, an economist and former Director of the Latin America program at the Brookings Institution in Washington DC. In terms of economic development, Latin America did not take any advantage of the rising prices [...]
2012 Jan 17 | Posted in
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Venezuelan President Hugo Chavez announced on Sunday that his nation will not recognize any decision by a World Bank tribunal in a multibillion-dollar arbitration case against Exxon Mobil Corporation. Exxon has called Venezuela before the World Bank’s International Center for Settlement of Investment Disputes, or ICSID, demanding $12 billion in compensation for nationalization of the Cerro [...]
2012 Jan 10 | Posted in
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Venezuelan President Hugo Chavez claimed this week that China may replace the U.S. as Venezuela’s leading trade partner, thanks to a strategic alliance between those two nations. Chavez said that commerce between Venezuela and China has reached $20 billion this year, up from $600 million a decade ago, and is now growing by $2 billion [...]
Under a new pilot program, U.S. Customs and Border Protection (CBP) the entry process for air cargo is designed to reduce the number of customs holds that delay air cargo and help give shippers a better idea of when they can take possession of their goods Already starting in December, importers or brokers of air [...]
2011 Nov 25 | Posted in
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Specially in Somalia´s waters, pirates are increasingly turning to kidnapping and hostage-taking to generate funding to purchase weapons and continue operations. As a comment to a recent statement of the United Nations, the Assistant Secretary Andrew Shapiro at the State Department Bureau of Political-Military Affairs said that there has been a decline of piracy attacks [...]
The factory of German arms manufacturer Heckler & Koch was raided on Thursday by some 300 German agents, on suspicion of bribery related to the sale of weapons to Mexico in 2005. Authorities in Stuttgart confirmed that the search, which included the homes of some employees, was for evidence of bribes paid to Mexican officials [...]
2011 Nov 11 | Posted in
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Bolivia and the United States on Monday announced the end of their three-year stalemate, with the signing of a “framework agreement” to re-establish diplomatic relations. Bolivian president Evo Morales in 2008 expelled the US ambassador and DEA agents, accusing them of supporting conspiracies by his conservative opposition. Washington soon reciprocated by inviting the Bolivian ambassador [...]
Approval ratings for Peruvian president Ollanta Humala declined 3% in October but remained at a relatively high 62% as the new head of state nears the end of his first 100 days in office, according to a poll by firm Ipsos Apoyo. The numbers seem to indicate that Humala’s center-left policies and promises to reach [...]
The Venezuelan government announced Friday that a planned visit from Iranian president Mahmoud Ahmadinejad has been suspended while president Hugo Chavez recovers his “full health” after recent cancer treatment. Chavez, who returned from his fourth and last chemotherapy session in Cuba on Thursday, last week announced the visit would follow Ahmadinejad’s visit to the UN [...]
Activity in the global arms trade declined 38 percent last year, according to a report released by the US Congressional Research Service. Sales dropped from $65.2 billion in 2009 to $40.4 billion, the lowest level since 2003. In spite of its financial crisis the US continues to lead the pack with 57.2% of the market, [...]
2011 Sep 24 | Posted in
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