Tobacco giant Philip Morris has been ordered to pay the Australian government millions of dollars after unsuccessfully suing the nation over its world-first plain-packaging laws.
Harvard University is trying to sell timberland located in Uruguay worth about US$120 million, including a eucalyptus forest, as the endowment moves to unload natural resources assets to boost the fund’s performance, according to a report from Bloomberg.
British Ambassadors to the Southern Cone countries, Argentina, Brazil, Uruguay and Chile will be attending Canning House to give round-table briefings on their experiences since their recent appointments to their respective posts. They will present the latest political, economic and business updates from those countries and answer any questions during the closed round-table session.
Uruguayan President Tabaré Vázquez Tuesday said that there are many internal problems in the countries that make up Mercosur, but that he was also “confident” that the main achievement this year will be the free trade agreement with the European Union.
European Union (EU) Trade Commissioner Cecilia Malmström said Monday in Madrid that the EU bloc “hopes to announce a political agreement for this Christmas in Buenos Aires” with Mercosur “even though technical aspects remain to be discussed.”
The Swedish multinational brand H & M, known for its trendy clothing at affordable prices and which is present in 64 countries with a total of 4.300 stores, Friday announced on its website its plans to open stores in Uruguay and Ukraine by 2018.
The Uruguayan plant of the Japanese airbag manufacturer Takata, which has filed for bankruptcy protection in the United States and Japan, will continue to operate normally, Takata Uruguay plant manager José Enrique Alonso explained.
José Luis “Coche” Inciarte, one of the 16 survivors from the Uruguayan Air Force Flight 571 crash into the Andes mountains on Friday, October 13, 1972, has published his memoirs, in which he focuses on that life-changing event.
The Brazilian meatpacking giant JBS says it has sold its units Mercosur members, Argentina, Paraguay and Uruguay to companies controlled by a rival meat processing company in Brazil. JBS said in a Tuesday securities filing that it sold meat processing plants in the three countries for US$300 million to Minerva in Sao Paulo state.
Two British scientific research vessels coincided in Montevideo in early May at the end of the Antarctic season, in their way back to Southampton. Icebreaker RRS Shackleton and RRS James Clark Ross with sophisticated scientific research equipment and tens of experts in different disciplines spent months in Antarctica and returned to Montevideo, a traditional call port the British Antarctic Survey, BAS.