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In the past 15 years, China has gone from being a relatively insignificant economic partner in Latin America to the number-one trading partner of some of the largest economies in the region. In many cases, China has unseated the United States in its own backyard. As a whole, Latin American exports to China have risen...
By Jorge Familiar It is no coincidence that the Globe International network of legislators has chosen Mexico as the venue for the Second World Summit of Legislators on climate change that takes place in the Mexican Congress this coming weekend. Five hundred legislators from around the world, especially from emerging economies, will tell the world...
Although the use of taxi meters became mandatory on Sunday, many drivers were refusing to turn them on and arguments between Cuenca drivers and riders were common in the city. Some taxistas maintain that they are not required to use the meters until Monday, June 9, despite the order of the municipal transportation office. In...
A member of the British Parliament ignored Foreign Office advice about travelling to Ecuador and paid the price when she had her purse stolen after a thief in Quito slashed her rucksack. Tracey Crouch, the Conservative party member from Chatham and Aylesford in Kent, flew to Ecuador on Tuesday week to take part in a...
A court in Ecuador has sentenced former President Jamil Mahuad in absentia to 12 years in jail for embezzlement. The ruling comes two days after Interpol issued a warrant for his arrest. Mahuad denies any wrongdoing. Mahuad fled to the United States in 2000 after he was ousted from office. He was accused of ordering...
The end of a decade-long boom driven by cheap money and strong commodity prices has deeply divided Latin America between fast-growth countries along the Pacific coast and stragglers on the Atlantic. Venezuela, Brazil and Argentina, which make up 98 percent of the combined economies of the Mercosur trade bloc, will grow an average of 0.6...
Interpol has issued an international alert for the former President of Ecuador, Jamil Mahuad. Mahuad, a lecturer at Harvard University, is wanted in Ecuador over allegations of embezzlement during his time in office in the 1990s. The former president, who denies the charges, fled Ecuador after a coup in 2000 and moved to the United...
A new report by four weather organizations have increased the likelihood of an El Niño later this year to 70%. Two weeks ago, one weather model said there was a 60% chance of the weather phenomenon caused by higher water temperatures in the Pacific Ocean. President Rafael Correa said last week that he is beginning...
Latin America has the world's highest murder rates, deep poverty and big gaps between rich and poor. But that doesn't seem to be getting in the way of the region's residents having happy feelings. The region has nine of the top 10 highest among 138 countries surveyed on "positive emotions" in a new survey released...
Ecuador’s customs service is stepping up enforcement efforts on the country’s highways. Customs says that 70% of smuggled goods come in over the Colombian and Peruvian borders, most of it going by car or truck to Quito, Guayaquil and Cuenca. In the Cuenca area, customs officials say they will set up inspection stops next week...
Cuenca television manufacturer Motsur is entering a new production phase, incorporating the lastest technology into its new models. It has announced plans to produce a high-definition 55-inch television that can be operated by voice and hand and eye movement instead of a remote control. It will sold under the TCL brand name. Andrés Tapia, Motsur...
Following four hours of deliberation, the Second Criminal Trial Court in Cuenca found seven managers and officers of Coopera guilty of embezzlement. Prosecutors have asked the court to impose the maximum 12-year prison sentence on the group. Among those found guilty are Coopera general manager Rodrigo Aucay, chief financial officer Aldo Santiago Calle and auditor...
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