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World Economy Apr 17, 2026

Colombia Hosts Groundbreaking Climate Conference to Drive Global Transition Away from Fossil Fuels

Colombia and the Netherlands are hosting a global conference to drive the transition away from foss…
Colombia, the largest coal and fourth biggest oil exporter in the Americas, is hosting a groundbreaking global conference this month to drive the long-awaited 'transition away from fossil fuels'. The conference, co-hosted with the Netherlands, aims to break the deadlock in UN climate talks and bring together countries willing to forge ahead with the energy transition.The conference comes at a critical time, with nations embroiled in another oil-inflected war and fuel prices soaring worldwide. Irene Vélez Torres, Colombia's environment minister, said the conference comes in the best possible moment, highlighting the stark choice world leaders face between oil, gas and coal and cleaner, safer renewable energy.Countries are paying the price for oil addiction, not just in their energy bills but in food prices, consumer inflation, shortages, and businesses threatened with collapse. The oil crisis, sparked by the US-Israeli attack on Iran, is spotlighting the risks of fossil fuel dependency.Some countries, like the UK, are already making the switch to renewable energy, with record numbers of households turning to solar panels, electric vehicles and heat pumps. Global power generation from coal and gas has fallen, while renewables have surged ahead, with solar generation up 14% and wind by 8%.The conference aims to bring together countries that want to forge ahead with the energy transition, with 54 countries confirmed to attend, representing about a fifth of global fossil fuel production and a third of demand. However, some of the world's biggest economies and biggest polluters, including the US, China, India, Russia and the Gulf petro states, will be missing.Colombia and the Netherlands hope to create a 'coalition of the willing' to drive the transition away from fossil fuels, with a focus on tangible outcomes, including a report by scientists on how countries can make the transition and a report from finance experts on how funding can be made available.
#fossil #climate #fuel
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World Economy Apr 16, 2026

Metro Bank CEO Dan Frumkin awarded record £2.6 million salary after 1,000‑job cut and £925 million rescue

Metro Bank’s chief executive Dan Frumkin received a historic £2.6 million pay package – more than d…
Metro Bank has approved a £2.6 million annual remuneration package for chief executive Dan Frumkin, the highest ever for the lender since its 2010 launch. The figure more than doubles the £1.2 million he earned in 2024. The pay rise comes on the heels of a dramatic restructuring that saw the bank cut over 1,000 jobs in spring 2024 and suspend Sunday trading, measures taken after a £925 million rescue led by Colombian billionaire Jaime Gilinski Bacal, who now owns 53% of the institution. Metro’s turnaround has delivered a record pre‑tax profit of £87 million for 2025, prompting the board to approve a complex bonus scheme. The package includes a £1.2 million annual bonus, a £470,000 deferred bonus from 2023, and a salary of £938,875, plus additional tax, life‑insurance and pension benefits. Under the scheme, Frumkin could earn up to £60 million over five years if Metro’s share price exceeds certain thresholds – it must stay above 120p in 2028 and could reach 437p, a level that would trigger the maximum payout. Metro’s shares currently trade around 141p. The bonus plan was endorsed by 88.6% of voting shareholders, despite objections from proxy advisers ISS and Glass Lewis. The bank did not disclose how many of those votes were cast by Gilinski’s holdings. Founded by US billionaire Vernon Hill, Metro Bank distinguished itself with dog‑friendly branches and seven‑day opening hours. However, a 2019 accounting error forced the resignation of its founder and top executives, and the bank struggled to satisfy regulators, leading to the 2023 capital infusion. In a statement, a Metro Bank spokesperson said the remuneration committee’s approach is “based on the delivery of long‑term growth generation and the continued turnaround of the bank,” emphasizing alignment with shareholder interests. Frumkin, who joined Metro in 2020 after senior roles at RBS and Northern Rock, now stands at the centre of a debate over executive pay in a sector still recovering from the 2007‑08 financial crisis.
#metro #bank #frumkin
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News Apr 14, 2026

Colombia’s President Gustavo Petro Praises Record Cocaine Seizures Yet Calls Them Insufficient

President Gustavo Petro defended recent historic cocaine seizures in Colombia, emphasizing their si…
President Gustavo Petro publicly defended the latest wave of cocaine seizures in Colombia, describing them as a historic achievement for the nation’s anti‑drug campaign. While lauding the scale of the operation, Petro warned that the results are still insufficient to stem the flow of narcotics and urged continued vigilance and resources for law‑enforcement agencies.
#historic #but #not
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Sports Apr 14, 2026

Ghana appoints veteran tactician Carlos Queiroz to steer Black Stars into 2026 World Cup

The Ghana Football Association has hired experienced coach Carlos Queiroz to lead the Black Stars i…
Ghana has named Portuguese veteran Carlos Queiroz as head coach of the men’s national team, a move made less than two months before the kickoff of the 2026 FIFA World Cup.The Ghana Football Association (GFA) announced that Queiroz will assume immediate responsibility for the squad’s tournament preparations, working alongside key stakeholders to finalize the roster.“The Executive Council of the Ghana Football Association, working with all key stakeholders, has appointed Carlos Queiroz as head coach of the senior national team, the Black Stars,” the GFA said in an official statement.At 73, Queiroz recently departed his role as Oman’s manager after the side failed to qualify for the World Cup, but his appointment marks his fifth consecutive World Cup appearance, this time guiding Ghana.Ghana found itself without a coach 72 days before the tournament after parting ways with Otto Addo following friendly defeats to Austria and Germany in March.Queiroz’s World Cup résumé includes leading Portugal to the round of 16 in 2010 and steering Iran through three editions, recording three wins in 13 matches.Born in Mozambique, the former goalkeeper has also managed Egypt, Japan, Colombia and South Africa, and previously helmed Portugal in the early 1990s.“This is not just another job – it is a mission,” Queiroz said. “I am ready to give everything of my experience and knowledge once again, in service of the game and the happiness of people.”He was chosen from more than 600 local and foreign applications because of his extensive World Cup experience.Ghana have been drawn into Group L alongside Croatia, England and Panama.The Black Stars will fine‑tune their tactics in warm‑up matches against Mexico on May 22 and Wales on June 2.
#Ghana Football Association #Carlos Queiroz #Black Stars
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Environment Apr 14, 2026

Colombia Approves Plan to Cull Up to 80 Hippos Linked to Pablo Escobar

Colombia has approved a plan to cull up to 80 hippos that were introduced to the country by drug lo…
Colombia's Environment Minister, Irene Velez, announced on Monday that the country will cull up to 80 hippos that have been roaming freely in a region near the Magdalena River basin. The decision comes after previous attempts to control the population, including sterilization and capturing the animals, proved too expensive or ineffective.The hippos were introduced to Colombia by infamous drug lord Pablo Escobar in the 1980s, when he brought four to his private zoo. After Escobar's death, the hippo population swelled to an estimated 170, with the animals now spotted up to 60 miles from Escobar's former ranch, Hacienda Napoles.Authorities say the hippos pose a threat to villagers who encounter them and compete with native wildlife, such as manatees, for food. Despite local concerns, the hippos have become a tourist attraction, with visitors flocking to the Napoles ranch to spot the animals and buy hippo-themed souvenirs.Animal welfare activists have opposed the culling, citing concerns about the country's history of conflict and the potential for the cull to set a poor example. However, Velez emphasized that the action is necessary to preserve Colombia's ecosystems. The hippos cannot be returned to their natural habitat due to their limited gene pool, which could lead to the spread of diseases.
#Colombia #Pablo Escobar #hippos
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Sports Apr 14, 2026

Luis García on life after football: 'I didn't expect to feel that emotion again'

Former footballer Luis García opens up about his life after retirement, his new role as CEO of Joho…
Luis García, the former Atlético Madrid, Barcelona, and Liverpool player, thought he had left the intense emotions of football behind when he retired in 2016. However, while watching his current club, Johor Darul Ta'zim, celebrate a historic win in Malaysia, he found himself overcome with emotion. "I was always very competitive and once I had left football, I thought I wasn’t going to have those feelings I had before," García says. "I still enjoy football, still play seven-a-side with my friends – every Saturday at 10am, Los Jareños Club de Futbol – but I thought I had lost that and it wasn’t coming back. In fact, I was trying to avoid it; I didn’t want it. So when it happened, it surprised me. I didn’t expect football to give me that again. But there I was, crying."García is now the chief executive of Johor Darul Ta'zim, a Malaysian club that has made history by reaching the quarter-finals of the Asian Champions League. He credits the club's success to its strong structure, including coaches, analysis, assistants, fitness staff, and a digital team.The club's owner, Tunku Ismail Idris, the crown prince of Malaysia, has been instrumental in its growth, taking the team to 12 league titles. García says that Idris is "very active, inquisitive" and has a good understanding of the game.García's role as CEO involves implementing the club's vision, finding ways to improve, and liaising with the operations manager. He also travels with the sporting director to scout players and has been involved in school visits and hospital engagements.The team's success has been built on a strong squad, including Australians, New Zealanders, Americans, Koreans, Portuguese, Spaniards, Argentinians, Brazilians, a Colombian, and the former Wolves midfielder Hong Wan. Arif Aiman, a Malaysian player, has been described by García as "the pearl of Malaysia" due to his quick skills, goal-scoring ability, and potential to play in Europe.
#Luis García #Johor Darul Ta'zim #Malaysia Super League
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World Economy Apr 13, 2026

Colombia Authorizes Culling of Up to 80 Hippos Descended from Pablo Escobar's Private Zoo

Colombian officials have authorized a plan to cull up to 80 hippos that descended from animals brou…
Colombian officials have authorized a plan to cull up to 80 hippos descended from animals brought to the country by Pablo Escobar in the 1980s. The feral beasts have displaced native species and threatened local villagers, prompting the government to take action.The environment minister, Irene Vélez, stated that other methods to control the population, such as neutering or relocating the hippos to zoos, have been expensive and unsuccessful. Up to 80 hippos will be affected by the measure, although the exact timeline for the culling has not been specified.Colombia is the only country outside Africa with a wild hippo population, which originated from four individuals imported by Escobar as he built a private zoo in Hacienda Nápoles. A study published by Colombia's National University estimated that around 170 hippos were roaming freely in the country in 2022.The hippos pose a threat to villagers who have encountered them in farms and rivers, and compete with local species such as river manatees for food and space. Despite the environmental challenges, the hippos have become a tourist attraction, with residents offering hippo spotting tours and selling hippo-themed souvenirs.Animal welfare activists have opposed the plan to kill the hippos, arguing they deserve to live and that addressing the problem through violence sets a poor example for a country that has experienced decades of internal conflict. Andrea Padilla, a senator and animal rights activist, described the plan as 'cruel' and accused government officials of trying to take the easy way out.
#hippos #colombia #escobar
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Music Apr 13, 2026

Karol G Makes History at Coachella 2026 with a Trailblazing Latin‑Powered Headline

Colombian superstar Karol G became the first Latina to headline Coachella, delivering a 90‑minute, …
On the closing night of Coachella’s opening weekend, Karol G broke new ground as the festival’s first Latina headliner. Introducing herself in English, the Colombian artist announced, “I am Carolina Giraldo from Medellín, Colombia, and today I am the first Latina woman to headline Coachella,” to a roar of cheers from a crowd waving flags from Mexico, Puerto Rico, Venezuela, Colombia and beyond.The moment echoed Beyoncé’s 2018 ‘Beychella’ debut, reminding fans that representation on this stage can reshape cultural narratives. Karol G’s 90‑minute performance combined dazzling costume changes, high‑energy choreography and a stage that seemed to rise two stories above the desert floor, creating a spectacle that felt both meticulously crafted and effortlessly vibrant.From the opening number “Latina Foreva,” where she strutted in a glittering gold bikini, to the cave‑like rave set that highlighted the “primordial wildness of women,” the show never lost its momentum. Even a half‑hour delay for lighting adjustments was quickly forgiven as the music surged forward, blending hard‑hitting tracks from her 2025 album Tropicoqueta with hits from 2023’s Mañana Será Bonito.Musically, the set was a tour of Latin genres. After a brief interlude, Karol G returned wearing a Carnival‑style feathered headdress for the mambo‑infused “Tropicoqueta.” She then invited an all‑female Mexican mariachi band for “Ese Hombre Es Malo,” followed by a duet with Becky G that mixed Spanish‑language celebration of Mexico and Colombia with a pointed nod to the United States’ immigration debate.Speaking amid the roar of the crowd, the 35‑year‑old artist said, “This is not just about me, this is about the Latina community, the love of my people,” acknowledging the delicate balance of celebrating Latin pride while the U.S. government tightens immigration policies. Her remarks highlighted the symbolic weight of performing such a vibrant, unapologetic Latin set on a stage that reaches millions worldwide.The finale reinforced the message of unity. After a soulful cover of Gloria Estefan’s “Mi Tierra,” Karol G launched into an EDM‑styled version of “Provenza,” complete with rainbow lasers, strobe lights, fireworks and a cascade of confetti. Three false‑ending beat drops and a megawatt smile underscored her point: the victory belongs to the entire Latin community, not just the performer.
#her #she #karol
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Politics Apr 11, 2026

Colombia Retaliates Against Ecuador with 100% Import Tariff

Colombia has raised its tariffs on Ecuadorian imports to 100%, matching Ecuador's recent hike, amid…
Colombia's Ministry of Commerce, Industry and Tourism announced on Friday that it will increase tariffs on Ecuadorian goods to 100 percent, up from 30 percent. This move is a direct response to Ecuador's decision to impose a 100 percent tariff on Colombian imports a day earlier.The trade dispute between the two South American countries has been escalating, with Ecuador citing a trade deficit and accusing Colombia of not doing enough to combat drug trafficking. However, Colombia has denied these accusations, pointing to its military operations aimed at intercepting illicit drugs, including a significant seizure last November.The diplomatic tensions have also been fueled by disagreements between the two countries' leaders. Ecuador's President Daniel Noboa has clashed with Colombia's President Gustavo Petro over issues including the imprisonment of former Ecuadorian Vice President Jorge Glas, whom Petro has called a political prisoner.Colombian Trade Minister Diana Morales stated that her country had exhausted all diplomatic efforts to resolve the issue with Ecuador. She emphasized that the decision to increase tariffs was made to protect Colombian businesses and communities.
#Colombia #Ecuador #Import Tariff
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