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The Mex big food thing: Ensenada, Mexico
by
THOMASINA MIERS for British Airways High Life

At first glance Ensenada is unexceptional: seemingly just a large industrial fishing port filled with container ships, cranes and cheap urban sprawl, a 90-minute drive south of the San Diego-Mexico border. 

There is none of the stunning colonial architecture of Oaxaca or the museums of Mexico City and it seems an unlikely place for anyone to linger. Yet the likes of burlesque dancer Dita Von Teese, super-chef Rick Bayliss and Hollywood actor Salma Hayek have all come to Ensenada. What gives this tiny corner of the world its pulling power is its cuisine — loved by locals, recently discovered by Americans across the border, but otherwise still relatively unknown. 

The wine industry of Mexico’s Baja California peninsula has been much talked about for a decade, but I’d heard tantalising whispers about the burgeoning culinary scene here in Ensenada. At the Mexican chef Alejandro Ruiz’s food festival, I tasted impressively complex, creative food from the area. Industry insiders talked of the amazing food being served up in Ensenada’s Manzanilla restaurant. Then two Baja restaurants made it onto Restaurant magazine’s inaugural 50 Best Latin American Restaurant awards — Diego Hernández’s Corazón de Tierra and Laja in nearby Valle de Guadalupe.

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FINANCIAL TIMES
America Movil faces regulatory review
February 10, 2016

América Móvil, mogul Carlos Slim’s telephone company, believes talks with regulators on its preponderant status due to start next month will go well, and it is working on its request for a pay-TV licence in its home market.

Mexico’s telecoms reform two years ago imposed asymmetrical regulations on América Móvil because of its predominant status – the company holds around 70 per cent of the cellphone and 61 per cent per cent of the fixed-line market, writes Jude Webber in Mexico City.

For the complete article please click here

SANTA ANA ZEGACHE, Mexico — In the birthplace of maize, nobody seemed to need Juan Velasco’s crop.

For a few years, he was unable to sell half of the nutty, orange-colored cobs that he harvested. There is no farmers’ market in this dirt-road village in the central plains of Oaxaca, and middlemen offered such low prices that it made more sense to feed the corn to his sheep.

So two years ago, Mr. Velasco, 46, sold half his land, cutting his holdings to eight acres.

For the complete article click here
 

FINANCIAL TIMES 
Pemex needs $23bn to right itself: Moody's
February 11, 2016

José Antonio González Anaya is still getting his feet under the table at Pemex, the floundering Mexican state oil company he has been parachuted in as CEO to turn around, and there are frustratingly no answers yet to the questions of what Pemex’s new strategy is and how much money it needs to get back on its feet.

But Moody’s, the ratings agency which last month put its rating of Pemex under review, has had a stab at answering that last question: at least $23bn, writes Jude Webber in Mexico City.

For the complete article click here.
The New York Times
Anxiety Rises in Mexico as the Peso Tumbles
February 12, 2016

MEXICO CITY — The voluble talk-show host Andrea Legarreta broke from her routine of celebrity chatter and household tips recently to give her television viewers an impromptu lesson in global economics and the Mexican peso.

“The world economy has to do with what is going on with the Chinese economy, ob-vious-ly,” Ms. Legarreta, the host of the popular morning program “Hoy,” said, knowingly drawing out the last few syllables.

With growth slowing in China, she added, “this generates nervousness in the whole world.”

For the complete article click here.

THE SPIRITS BUSINESS
SCOTCH ‘LEADING EXPORTS’ TO LATIN AMERICA
February 12, 2016

An audience at a 10 February conference, organised by the SWA and Canning House, a UK forum on Latin American politics, business and economics, heard that other industries can learn from Scotch, in particular with regards to targeting Latin America’s growing middle class population.

The UK already exports more than £460 million of Scotch to Latin America, accounting for one in six of all bottles shipped overseas. The spirit represents one third of all Scottish exports to the region. 
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ANDINA 
Pacific Alliance to grow 3.1% and 4.5% in 2017-18
FEBRUARY 13, 2016

Lima, PERU . The economic bloc comprising Chile, Colombia, Mexico and Peru or Pacific Alliance is expected to grow 3.1% and 4.5% in 2017 and 2018, respectively, while imports are set to expand 5.9% and 6.1% in each case in line with state members' growth, the Lima Chamber of Commerce (CCL) informed.

Imports from the Pacific Alliance member countries totaled US$553 billion last year, which was an 8.9% fall.  

Nevertheless, a recovery process will be initiated this year with growth rates set to remain positive through 2018.

For the complete article click here

CBC News
Clean-energy deal signed Friday in 1st step to green NAFTA 
February 14, 2016

Canada, the United States and Mexico have signed a trilateral agreement that could mark the start of discussions on the first North American accord on climate change and clean energy.

Natural Resources Minister Jim Carr, U.S. Secretary of Energy Ernest Moniz and Mexico's secretary of energy, Pedro Joaquín Coldwell, signed a memorandum of understanding on North American climate change and energy collaboration in Winnipeg on Friday.

For complete article please click here

THE ECONOMIST
Pope Francis decries Mexico drug trafficking

February 13, 2016

Pope Francis pulled no punches at the start of a trip to Mexico, telling President Enrique Peña Nieto, politicians and his own bishops to resist corruption and work for the common good in fighting drug trafficking and violence.

In a speech in Mexico’s historic National Palace before the president and assembled ministers and politicians, the pontiff praised Mexico — the world’s second most populous Catholic nation â€” but warned that it needed upright and honest people.

For the complete article click here

 

THE TELEGRAPH
Leonardo wins the Bafta, but his Oscar trek isn't over yet
February 14, 2016

Here’s the unexpected lesson of this year’s Bafta Film Awards: the industry and the public are more closely in sync than you’d think. The big winner at last night’s ceremony was The Revenant, which left clutching five trophies, including Best Film, in its calloused, frost-bitten fists. And of its four fellow nominees in the top category, it’s also the most successful by some margin

Last weekend, Alejandro González Iñárritu’s icy survival epic sailed through the £18 million barrier at the UK box office...
 
For the complete article click here.
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