Global chain transport challenges, the war in Ukraine, and following two years of lockouts caused by the Covid 19 pandemic have caused many disruptions to normal trade and China has thus embarked in a major project building a new port along the Peruvian coast to help boost trade along the Pacific rim.Add your comment!
The current Brazilian government expects to have contracts worth R$ 200 billion (US$ 40billion) with the private sector investing in transport infrastructure by end of 2022. To achieve this end, the Ministry of Infrastructure works to encourage more international financing in the concession project portfolio, as highlighted by Minister Marcelo Sampaio during his roadshow this week in New York.Add your comment!
Chinese pharmaceutical Sinovac Biotech Ltd which makes one of the vaccines against Covid 19 most in several Latin American countries initiated on Thursday the construction of its first fill and finish plant in Chile, consolidating its presence in the Latin American country that has used its Covid-19 shot the most.Add your comment!
Billionaire Elon Musk Friday announced he was having second thoughts about buying over Twitter, prompting the social network's shares to plunge 20% in early trading.Add your comment!
Last year, FIMA, (Friends of the Falkland Islands' Museum and the Jane Cameron National Archives), agreed to fund the restoration and printing of 40 photographs taken by a Falklands photographer during and in the aftermath of the 1982 war for the Falklands Museum.Add your comment!
A group of investors of mostly Argentine origin has bought over Montevideo's renowned daily El Observador. Although the deal was reportedly closed May 5, it was not officially announced until Wednesday, May 11.Add your comment!
A historic agreement has been reached between Colombian airline Avianca and Brazil's GOL whereby both companies will function under the same holding, thus increasing their mutual presence throughout Latin America, it was announced Wednesday.Add your comment!
LATAM Airlines, which filed for bankruptcy in the United States in 2020 after being hit by the coronavirus-related travel downturn, said around 65% of its low-ranking creditors had backed the restructuring plan, which it said was fair and considered all stakeholders.
United Kingdom Defense contracts worth more than £2bn have been awarded to BAE Systems and Rolls-Royce to begin the third major phase of the future submarine nuclear deterrent program, Dreadnought. With the overall program supporting around 30,000 jobs across the UK, from design through to build, Delivery Phase 3 (DP3) represents the most significant stage of the Dreadnought program so far.
Møller-Maersk has warned of growing economic risks including potential stagflation and Chinese factory closures even as the world’s largest container shipping group by profits reported a record quarter.