Sea levels may rise as much as 69 centimeters (27 inches) through 2100 as water temperatures rise, glaciers melt in the Andes and Himalayas and ice sheets in Greenland and Antarctica shed water, European scientists said.
Ecuador’s bid to reduce poverty by taxing its banks is threatening to deepen the nation’s economic slump, as lenders curb credit and ratchet up interest rates after profits plunged to a three-year low.
Ecuador’s anti-monopoly watchdog, seeking to improve mobile-phone coverage, suspended about 2,000 exclusive contracts used by carriers such as America Movil SAB to get prime locations for network towers.
– Barrick Gold Corp. founder Peter Munk sees a successor in former Goldman Sachs Group Inc. President John Thornton as the world’s biggest gold miner tries to reverse a 54 percent plunge in market value in the past year.
For a country that prides itself on a robust private sector, the U.S. lags behind many other nations in using the private sector to finance, build and operate infrastructure. From 1990 to 2006, for example, public-private partnerships financed five times as much transportation infrastructure in the U.K. as in the U.S. -- even though the U.S. economy is more than six times larger than that of the U.K.