Costa Rica’s President Rodrigo Chaves said on Tuesday he plans to present a bill to sell state-owned banks Banco de Costa Rica and Banco Internacional de Costa Rica, as well as 49% of the state-owned INS insurance company to reduce …
A London-based insurance broker has been jailed after admitting making or authorizing corrupt payments worth almost $2 million to officials in the Costa Rican state insurance company and national electricity and telecommunications provider. Britain’s Serious Fraud Office said Tuesday that …
A judge on Thursday dismissed a $2.3 million judgment against Dole Food Co. in a lawsuit by purported Nicaraguan banana workers, ruling that the company and the court were victims of a massive fraud. Los Angeles Superior Court Judge Victoria …
A bulletin from Munich Re, the world’s largest reinsurer, concludes that the “long-term trend towards ever higher natural catastrophe costs” looks set to continue, according to an analysis from its Geo Risks experts. Their conclusions are based on “the large …
Veteran Costa Rican climate diplomat Christiana Figueres is set to be appointed as the new United Nations climate chief, sources familiar with the matter said on Monday. The sources said U.N. Secretary-General Ban Ki-moon had chosen Figueres over former South …
Corruption in New York City’s construction industry ran so deep that mobsters worked as city building inspectors in recent years, prosecutors said Thursday. One reputed Lucchese crime family member used his city Department of Buildings job to recruit customers for …
Four nations were blacklisted as uncooperative tax havens Thursday after G-20 leaders declared the age of banking secrecy was over and said they would no longer tolerate shady havens draining away badly needed tax revenue. At the request of the …
World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. U.S. President Barack Obama declared it a “turning point” …
According to catastrophe risk modeling firm AIR Worldwide the U.S. Geological Survey (USGS) estimated that the earthquake, which struck Costa Rica last week, measured 6.1. The epicenter was located about 35 km (22 miles) northwest of the capital city, San …
The family of a Costa Rican woman killed when the ceiling of a downtown Boston tunnel collapsed has settled a wrongful death lawsuit for more than $28 million, attorneys told The Associated Press. The settlement was announced Tuesday night by …
