Brazil's economic output grew 2.3% in 2013 for a third straight year of modest expansion by Latin America's biggest economy, the government announced on Thursday. GDP for the final quarter of the year rose a 0.7% compared to the third quarter, according to Brazil's Institute for Geography and Statistics, IBGE.
One of Spain's leading fishing companies Pescanova (under administration) faces a decisive deadline for its future, while banks finalize the negotiation of a creditors’ agreement based on debt cuts and investment in the firm, according to Europa Press based on sources familiar with the situation of the company.
The proposal to create an international body within the UN governing the seas was the focus this week at the beginning of the Ocean Summit. In this international meeting, world leaders emphasized its fast degradation and increasing pressure to further exploit its resources.
The visit this week of Brazil's former president Lula da Silva to Havana could help to unravel the current political crisis in Venezuela according to Argentine political analyst Rosendo Fraga, since both countries have much to lose if the conflicting situation continues.
An executive summary published on Thursday by the US State Department describes Venezuela’s political power as “concentrated in a single party with an authoritarian executive”, and reported human rights abuses, including corruption, freedom of speech restrictions, and political persecutions amid others.
The US Congress should look into legal options for regulating virtual currencies such as bitcoin, said Federal Reserve Chair Janet Yelleny. Japan-based bitcoin exchange Mt. Gox went dark leaving customers unable to access their accounts. Experts have warned they might not have much recourse to recover their money.
Cruise Critic has released its 2014 Cruise Critic U.K. Cruisers' Choice Awards, the cruise awards based entirely on reviews submitted by cruisers. Royal Caribbean rode the waves in the awards for the Large Ship class, with Serenade of the Seas, the third ship in the Radiance-class fleet, named Best Overall ship, Best Value-for-Money and Best Dining. Royal Caribbean's Adventure of the Seas took Best for Embarkation.
Poseidon Expeditions has chartered the 114-passenger Sea Spirit for polar operations starting in May 2015. Built as Renaissance V in 1991, the 4,200 gt ship currently operates on charter to Quark Expeditions and is managed by FleetPro Ocean. For the 2015/16 season Poseidon will offer expeditions to Antarctica, Falklands and South Georgia.
Colombian Minister of Foreign Affairs María Ángela Holguín complained on Wednesday about consistent verbal by the Venezuelan government on ex Colombian President Álvaro Uribe and the accusations of being the mastermind of the ongoing political crisis in Venezuela.
The Inter-American Development Bank (IDB) will hold its 2014 Annual Meeting in Bahía, Brazil, March 27-30, bringing top economic and business leaders to discuss how the private sector can help boost economic and social development in Latin America and the Caribbean.