Uber Colombia fined for $140K
Colombia’s Superintendency for Transport has fined taxi service Uber for providing unauthorized taxi services, the state entity announced Monday.
Colombia’s Superintendency for Transport has fined taxi service Uber for providing unauthorized taxi services, the state entity announced Monday.
Colombia’s state-run oil company Ecopetrol lost $1.2 billion in 2015 mainly because of dropping global oil prices, the company said Monday.
Union workers at Colombia’s largest coal mine, Cerrejon, have voted in favor of a strike amid a dispute with the company over wages and benefits.
Colombia faces severe power shortages and possible blackouts in the next two months, according to the Office of the Comptroller General.
Colombia’s unemployment rate rose 1.1 percentage point to 11.9% in January compared to the same month last year, according to the country’s statistics agency.
Colombia President Juan Manuel Santos on Monday announced his administration has cut this year’s government budget with 3% amid an economic slowdown caused by a drop in global oil prices.
Colombia’s peso bucked a rally in Latin American currencies on Wednesday after Standard & Poor’s said it could downgrade the country’s “BBB” rating.
Credit rating firm Standard & Poor’s has lowered Colombia’s credit-rating outlook from stable to negative, citing the country’s deteriorating growth prospects and need of fiscal reform as reasons.
Colombia’s coal output in 2015 fell 3.5 percent from a year ago to 85.5 million tonnes, due to train transport restrictions and closures along the border with Venezuela.