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MercoPress, en Español

Montevideo, July 15th 2026 - 04:42 UTC

Investments

  • Thursday, July 9th 2026 - 16:52 UTC

    YPF plans to drill off Uruguay in 2027, says potential could top Vaca Muerta

    “This could be much bigger than Vaca Muerta, it could yield millions and millions of barrels of production,” the executive projected

    Argentina's state oil company YPF plans to begin exploratory drilling of an offshore block off the coast of Uruguay between late 2027 and early 2028, its chairman and chief executive, Horacio Marín, confirmed, saying the area holds potential that, if confirmed, could surpass the Vaca Muerta unconventional field.

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  • Thursday, July 9th 2026 - 16:23 UTC

    Falklands planning business delegation to Uruguay to buy construction materials, ‘costs the crux of the issue”

    The kind of products needed in the Islands are certainly available in Uruguayan terms of construction materials as well as normal every day goods and provisions

    Talks are continuing over a potential Falkland Islands business delegation to Uruguay later this year. Organized by Falkland Islands Development Corporation and the Chamber of Commerce, the visit would connect Falklands businesses with Uruguayan suppliers. The issue was discussed with Sam Cockwell, Strategic Projects Manager at the Falklands Development Corporation, FIDC

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  • Wednesday, July 8th 2026 - 21:19 UTC

    UK/Netherlands navies partnership with eight next-generation amphibious transport ships

    The Damen Naval Enforcer 15628 LPD concept is believed to be a strong candidate for the amphibious transport design (Picture: Damen)

    The UK and the Netherlands have agreed a £2.4bn joint procurement program to acquire eight next-generation amphibious transport ships. Under the new maritime partnership the vessels will be built in the UK to a Dutch design, with four ships entering service with each nation.

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  • Wednesday, June 17th 2026 - 08:27 UTC

    Uruguay enjoys 'positive discrimination' but must lift investment and productivity, BBVA says

    The bank forecasts that Uruguay's economy will grow 1.3% this year, below the 2.2% projected in the Budget law and the 1.6% to which the Ministry of Economy later adjusted its estimate

    Uruguay enjoys a “positive discrimination” relative to other economies for its institutional solidity, respect for agreements and political maturity, but its economic growth has been low over the past decade and its potential GDP —now at 2.1%— is declining. That was the assessment of economists from BBVA Research, one of Europe's largest banks, at the “Situación Uruguay” webinar, where they said the country's main challenge is to boost investment and raise productivity.

  • Saturday, June 13th 2026 - 19:09 UTC

    Elon Musk becomes the world's first trillionaire after SpaceX's record stock debut

    SpaceX shares began trading on the Nasdaq, under the ticker “SPCX,” at $150, above the $135 listing price

    Technology magnate Elon Musk became the world's first trillionaire on Friday, after his aerospace company SpaceX made its stock-market debut. Following the IPO, which raised a record roughly $75 billion and valued the company at about $1.77 trillion, the net worth of the owner of Tesla, the social network X and Neuralink stood at around $1.1 trillion.

  • Tuesday, June 9th 2026 - 23:38 UTC

    Falklands: good news for FIGAS, next NB Islander assembly “scheduled in the coming weeks”

    The aircraft, contracted to FIGAS, will be the first to be delivered from the new Bembridge line. A second airframe is now nearing 25% completion

    Falkland Islands Government Air Service, FIGAS, Britten-Norman has confirmed that the first new Islander to be produced through its fully reshored UK production line has reached 75% completion at the company’s Bembridge facility on the Isle of Wight, with final assembly scheduled in the coming weeks.

  • Tuesday, June 9th 2026 - 19:23 UTC

    Santiago seeks to build a cultural avenue like those in Buenos Aires or Madrid

    “The goal is to propose a very broad range of activities and to ease public access,” explained the executive director of the Centro Arte Alameda, Roser Fort

    More than fifty institutions and cultural centers located around Santiago's main avenue agreed on Tuesday to expand their cooperation and coordinate their programming to turn that historic thoroughfare into a cultural hub, similar to those in other capitals such as Buenos Aires or Madrid. Museums, theaters, libraries, cinemas and universities created the Red Alameda Cultural, a platform on which they will publish all their activities to enliven the corridor and offer citizens a complete cultural experience.

  • Thursday, June 4th 2026 - 15:28 UTC

    Venezuela moves to open its power sector to private investment after years of blackouts

    The system, which prior to 2007 operated under a mixed and regionalized model, began to deteriorate due to a lack of maintenance and new investment

    Venezuela's National Assembly gave initial approval to a reform of the electricity law that opens the sector to private investment through long-term concessions, in an effort to reverse the collapse of a service battered by blackouts for two decades. The measure ends the monopoly held for more than 15 years by the state-owned National Electric Corporation (Corpoelec), though it still requires a second debate and final ratification in the coming days.

  • Monday, June 1st 2026 - 05:17 UTC

    Uruguay submits EUR 60 million offer to acquire three Royal Navy used patrol vessels

    The units in question correspond to the first generation of the Royal Navy's River class —HMS Tyne, HMS Mersey, and HMS Severn—, built between 2001 and 2003

    The Uruguayan government will this week present a formal offer to the United Kingdom's embassy for the acquisition of three used offshore patrol vessels belonging to the British Royal Navy, for an approximate amount of 60 million euros, as announced by the Deputy Secretary of the Presidency, Jorge Díaz. The operation, structured as a direct state-to-state purchase, fits within the administration of President Yamandú Orsi's search to replace the contract terminated with the Spanish shipyard Cardama, in parallel with the hardening of accusations from the Uruguayan executive against the Vigo-based company over the use of public funds transferred.

  • Friday, May 29th 2026 - 07:00 UTC

    Global carmakers struggle to maintain competitiveness against China's technological offensive

    The Chinese consolidation has altered the nature of traditional alliances

    Major US, European, and Japanese automakers are undergoing a process of strategic repositioning in the face of the accelerated rise of Chinese manufacturers, which have consolidated their leadership in electric vehicles, batteries, industrial design, and software development, according to an investigation published this week by the BBC on the occasion of Auto China 2026, the world's largest motor show. The transformation is reflected in the public acknowledgment from executives themselves: the president of Honda, Toshihiro Mibe, said after visiting a highly automated plant in Shanghai that his company has “no chance against this,” while Ford CEO Jim Farley warned that Western carmakers are “in a fight for our lives.”

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