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Trinidad and Tobago and Grenada governments congratulate new Pope
PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago government Wednesday congratulated Cardinal Jorge Bergoglio of Argentina who has been elected the new head of the Roman Catholic Church worldwide. The new Pope has chosen the new name Pope Francis I. He was ordained Cardinal by the late Pope John Paul II and is the first person from Latin…
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New Pope Shifts Church’s Center of Gravity Away From Europe
VATICAN CITY (Reuters) – Pope Francis, barely 12 hours after his election, quietly left the Vatican early on Thursday to pray for guidance as he looks to usher a Roman Catholic Church mired in intrigue and scandal into a new age of simplicity and humility. Francis, the Argentinian cardinal who has become the first pope born outside Europe in 1,300…
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PM Gonsalves recalls investor visited his official residence
KINGSTOWN, St. Vincent, CMC — Prime Minister Dr. Ralph Gonsalves has admitted that an investor whose company is the focus of a British Broadcasting Corporation (BBC) investigative programme visited his official residence twice, contrary to what he told the media in February. The admission in a March 7 letter to Matthew Chapman, producer of a BBC programme being made about…
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Union votes to accept government offer
CASTRIES, St. Lucia, CMC – The St. Lucia Teachers Union (SLTU) has accepted a new offer by the government signalling a possible end to industrial action by public workers that has severely disrupted the operations of public services on the island. The SLTU Tuesday voted to accept the government’s four per cent wage increase in addition to six of the…
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Jamaica gets Sandy relief money from EU
KINGSTON, Jamaica – JAMAICA is to receive euro 0.5 million (approx J$63.4 million) from the European Union (EU) to assist victims of Hurricane Sandy in the eastern section of the island. The EU said the money, which will fund the operations of the French Red Cross in Portland, St Thomas and St Mary to repair damaged homes and helping victims…
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Standards and Poor’s downgrades Grenada
NEW YORK, CMC – The US-based Standard & Poor's Ratings Services has lowered its foreign and local currency sovereign credit ratings on Grenada to 'SD' (selective default) from 'CCC+/C'. “The downgrade to 'SD' follows the government of Grenada's announcement that it will not pay the coupon due March 15, 2013, on its U.S. dollar and Eastern Caribbean dollar bonds due…
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High Court rules in favour of CLICO policyholders
PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago government suffered a major setback in the courts after a High Court judge ruled that the bailout plan by the Kamla Persad Bissessar-led coalition People’s Partnership administration was unlawful. High Court judge Joan Charles Tuesday ordered the State to pay a group of Executive Flexible Premium Annuity (EFPA) policyholders all…
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