Jose's scars are a constant reminder of the day gang members set him on fire for failing to pay their "war tax" -- a daily nightmare for bus drivers in Honduras.
Jose says he was never warned he had to pay the "tax," imposed on bus and taxi drivers, small-business owners and ordinary residents by the gangs that have carved up much of Central America and made it one of the most violent regions in the world.
Full StoryGreece on Friday said it needed to clinch a deal with its EU-IMF creditors by June 18 to avert a default on its debt, as pressure mounts on Athens to give in to tough reform demands.
One of Greece's key creditors, the IMF, pulled its team out of negotiations on Thursday because of major differences, dampening earlier optimism from the Europeans that an agreement could be close.
Full StoryCrews began flooding part of the widened Panama Canal for its first operational tests, the group responsible for the massive project said.
The five days of flooding to pour 5 million cubic meters of water into the lock began Wednesday, a day earlier than expected.
Full StoryThe dollar resumed its uptrend against the yen Thursday after suffering a sharp sell-off in the previous session, with analysts tipping the greenback to extend its gains.
On Thursday, the dollar recovered some ground, buying 123.06 yen from 122.67 yen in New York trading. The greenback topped the 125 yen level, a 13-year high, earlier this week.
Full StoryThe World Bank warned emerging economies around the world Wednesday of a rocky road ahead as the U.S. moves toward tightening monetary policy and the dollar strengthens.
But the development lender's chief economist also urged the U.S. Federal Reserve to put off any rate hikes until next year so as to give more breathing room to the slow-growing global economy.
Full StorySouth Korea's outbreak of the potentially deadly MERS virus on Thursday forced the central bank to cut its key interest rate to ward off greater economic damage, as retailers report a slump in business.
And in what has become the largest outbreak of Middle East Respiratory Syndrome (MERS) outside Saudi Arabia, Seoul reported 14 new cases, including the first infection of a pregnant woman.
Full StoryQatar could run its first budget deficit in 15 years in 2016, official government figures have predicted.
Ministry of Development Planning and Statistics figures also showed that the energy-rich Gulf state's economy will grow by 7.3 percent next year.
Full StoryAs Greece teeters on the brink of possible default, another bailed-out eurozone nation, Portugal, is showing off its relative economic health seeking to set itself apart from the Greek crisis.
Lisbon has said it intends to pay back this month some two billion euros ($2.2 billion) it owes the International Monetary Fund, which comes after it repaid 6.6 billion euros -- around a quarter of its debt to the global lender -- early.
Full StorySpanish global clothing giant Inditex, owner of the Zara brand, Wednesday reported a 28 percent surge in quarterly profits thanks to rising sales.
The first quarter net profit of 521 million euros ($589 million) was better than expected by analysts quoted by financial data firm Factset, who had forecast 510 million euros in profit.
Full StoryWhat does the modern air traveler want? Is it the perfect sized carry-on? A wearable device that tells you how to avoid jet lag? Free Wi-Fi? Cheap flights? Better service?
Airlines are struggling to keep pace with the finicky desires of today's passengers, many of whom are constantly connected to a mobile device and want something special on each trip.
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