It's sounds like a story from the past: A Latin American leader announces plans to nationalize a large foreign company, touching off a high-stakes battle that involves money, politics and diplomacy.
Yet it's happening right now. Argentina's President Cristina Fernandez said this week that her country plans to take over a giant Spanish oil company at a time when the economies in both countries are facing challenges.
Spanish officials are threatening to retaliate against Argentina for seizing a majority of shares in the biggest oil company in Argentina, YPF.
This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.
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It's been less than a week since North Korea's failed rocket launch created an international furor. Well, today, India tested its own long-range missile. The new weapon is capable of carrying a nuclear warhead to Beijing, and the test went off with little international comment. The Indian government called the successful launch a historic event in the country's development.
Anders Breivik says he's proud of killing 77 people last summer, most of them teenagers at a summer camp run by Norway's Labor Party. Now he's testified at his trial that his true goal was to capture former Norwegian Prime Minister, Gro Harlem Brundtland, and cut off her head. He wanted to film everything for the internet.