The process of selling Pesca Chile continues, despite Pescanova's attempts to slow down the liquidation of the company and its Chilean subsidiaries until the situation of the Galician multinational in Spain is resolved.
Uruguayan president José Mujica said that members of Mercosur must readjust the block's legal framework ‘to make it work’ so that differences among its partners can be resolved in an institutional framework. He insisted on a review and amendment of mechanisms with greater flexibility and more adapted to current circumstances.
President Manuel Ortega said on Saturday that the construction of a massive inter-oceanic canal in Nicaragua that could significantly alter global trade would start at the end of 2014. Ortega gave a Chinese group a concession to manage the future shipping channel for 50 years, with the possibility to renew the contract for another 50.
The bankrupt Galician multinational Pescanova has three proposals for its recapitalization: one from Damm, Luxempart, KKR and Ergon Capital Partners; another from Centerbridge and Bluecrest investment funds, and a third one from the major domestic creditor banks, according to reports from Vigo.
One of Paraguay's priorities is to make the country the world's fifth exporter of beef by 2018, according to Industry and Trade minister Gustavo Leite. The land locked member of Mercosur currently holds the eighth position.
The Tory plan for a referendum on Britain’s membership of the European Union cleared its first hurdle in the House of Lords last week. The Bill was given an unopposed second reading after a lengthy seven-hour debate in the Lords, in which more than 60 peers spoke.
Pope Francis put his first stamp on the group at the top of the Roman Catholic hierarchy naming 19 new cardinals from around the world. Sixteen of them are cardinal electors under 80 and thus eligible to enter a conclave to elect a pope. They come from Italy, Germany, Britain, Nicaragua, Canada, Ivory Coast, Brazil, Argentina, South Korea, Chile, Burkina Faso, the Philippines and Haiti.
Pope Francis has baptized 32 babies in the Sistine Chapel and told their mothers to have no qualms about feeding them there. Two of the infants are the daughter of a couple that did not get married in the Catholic Church and a single mother's son.
Two 1982 Falkland Islands conflict veteran Scots Guards and the brother of the last man to be killed in action just 30 minutes before the surrender of the Argentine invaders on June 14 visited the Islands last week and made valuable donations to the Museum and the Cubs and Scout groups.
November was a busy month for cruise vessels: eleven cruise ships visited South Georgia between the 9th and 29th, according to the South Georgia Newsletter. One cruise ship, Ortelius, reached the rarely visited South Sandwich Islands and was able to put scientist Tom Hart ashore on Saunders Island where he took soil samples and set up two camera-traps to monitor the penguin colonies.