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Latin America

Latin America

Chile unveils Patagonian Route of Parks scenic trail

Chile has launched a huge scenic route through its Patagonian wilderness to boost tourism and highlight the need for conservation. The Route of Parks covers 2,800km (1,740 miles) from the city of Puerto Montt down to Cape Horn. The trail was the idea of Tompkins Conservation, the foundation set up by US billionaire Douglas Tompkins and his wife Kristine. Last year the
Latin America

Chile abuse priest Fernando Karadima removed by Vatican

Pope Francis has removed the priest at the centre of Chile's clerical sex abuse scandal. In a statement, the Vatican said the pontiff had defrocked Fernando Karadima for "the good of the Church". The 88-year-old former priest had previously been sanctioned to a lifetime of "penance and prayer" for having sexually abused minors. In June, the Pope accepted the
Latin America

Chile unveils Patagonian Route of Parks hiking trail

Chile has launched a huge hiking route through its Patagonian wilderness to boost tourism and highlight the need for conservation. The Route of Parks covers 2,800km (1,740 miles) from the city of Puerto Montt down to Cape Horn. The trail was the idea of Tompkins Conservation, the foundation set up by US billionaire Douglas Tompkins and his wife Kristine. Last year the
Latin America

Petrobras hit with $853m corruption fine

Petrobras, Brazil's state oil company, has agreed to pay more than $853m (£650m) to the US and Brazil, ending a long-running corruption investigation. The probe stemmed from a bribery scheme at the firm, which involved millions in payments that were concealed from investors and regulators. The payments were facilitated by executives at the "highest levels",
Latin America

IMF boosts bailout for crisis-hit Argentina

The International Monetary Fund has agreed to provide a bigger, faster bailout to Argentina than initially planned in an effort to restore market confidence in the country. The IMF plans to boost its 36-month financing package to $57.1bn (£43bn) from $50bn announced previously. It will make about $50bn in credit available though 2019 – $19bn more than previously