Mexico

Mexico: “disaster” shrinks economy 8.2%

In the wake of the financial crisis and Swine Flue scare, Mexico has lost 300,000 jobs, leading ex-finance secretary José Ángel Gurría Treviño to warn, “this isn’t a cycle, it’s a disaster.”

The Andes

Venezuela: oil slump stalls economic growth

Venezuela’s economic growth is at a virtual stand-still, as the price of oil has dropped from an average of $87 per barrel last year to an average $42 per barrel so far in 2009.

South Asia

Punjab paralyzed by protests after Sikh slaying

Thousands of Sikh protesters rioted across India’s Punjab region following the slaying of dissident Sikh guru Sant Ramanand, who was attacked at a gurdwara (Sikh temple) in Vienna.

The Andes

Colombia: pyramid victims kidnap nine

A total of nine people have been kidnapped in Colombia by victims of pyramid schemes trying to recoup their losses. Kidnappings rose in Colombia in the second half of 2008, as the pyramids collapsed.