Investments

Friday, February 3rd 2023 - 10:14 UTC
Uruguay's Ancap to lose US$ 72m during refinery maintenance

Uruguay's state-run oil company Ancap will lose US$ 72 million due to the remodeling of the La Teja Refinery to be carried out between September and December this year, during which time fuel will need to be imported, it was reported in Montevideo.
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Friday, February 3rd 2023 - 10:01 UTC
Brazilian Navy announces Sau Paulo carrier to be sunk despite environmental protests

The Government of Brazil plans to sink the decommissioned French-built Sao Paulo aircraft carrier in the middle of the Atlantic ocean after the depleted structure has spent months wandering with no port to dock for scrapping due to the presence of toxic materials in the hull, it was reported Thursday.
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Wednesday, February 1st 2023 - 10:07 UTC
RRS Sir David Attenborough begins its polar science trials in Antarctica

Falklands flagged UK’s new polar ship RRS Sir David Attenborough begins its polar science trials in Antarctica this week. A team of 30 national and international scientists, engineers and technical staff departed the Falkland Islands on Tuesday for almost two months of science capability trials – the first to test the ship’s science capabilities in deep polar waters.
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Saturday, January 28th 2023 - 10:49 UTC
Scottish MPs disgruntled with decision to have naval support vessels built in Spain

Scottish shipyards need “greater clarity” from the UK Government over where contracts for new naval vessels will be placed in the coming decades, MPs have said.
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Friday, January 27th 2023 - 10:11 UTC
UK car production falls 40.5% to pre-pandemic levels; electric cars manufacturing boom

The United Kingdom car production fell to its lowest level since 1956 in 2022 as output was hit by global shortages of semiconductor chips, figures show. A total of 775,014 cars were built in 2022, down 9.8% from the 859,575 made during the previous year, the Society of Motor Manufacturers and Traders (SMMT) said.
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Wednesday, January 25th 2023 - 18:55 UTC
Argentina wants to buy Brazilian armored vehicles

Argentina's Defense Minister Jorge Taiana undertook negotiations earlier this week with Brazil for the purchase of 156 Iveco Guarani 6x6 armored vehicles, it was reported. South America's largest country already has 500 units of the same model.
Wednesday, January 25th 2023 - 09:30 UTC
First steel cut on second Type 31 Frigate, HMS Active

Construction is underway on the second Type 31 frigate being built for the Royal Navy. The first steel has been cut on HMS Active at the Babcock shipyard in Fife, by Defense Minister Alex Chalk.
Wednesday, January 25th 2023 - 09:25 UTC
Joint Brazil Federal and State funds to build a much needed tunnel in the Santos port

Brazilian Minister of Ports and Airports, Márcio França, anticipated that the federal government may help fund the construction of a tunnel between Santos and Guarujá, a project that should cost around some three billion Reais equivalent to some US$ 500 million.
Monday, January 23rd 2023 - 19:19 UTC
Uruguayan FM makes a remark on his Ambassador to Argentina after political statements on investors

Uruguay’s Foreign Minister, Francisco Bustillo, sent a note with a remark to the Uruguayan ambassador in Buenos Aires, Carlos Enciso, in which he questions the pertinence of his statements in a radio interview. Enciso spoke of a possible drop in Argentine investments if there is a political change in his country's government after the favorable policies in the past few years by President Luis Lacalle Pou.
Saturday, January 21st 2023 - 12:09 UTC
Uruguay's Ambassador to BA fears change of gov't would scare Argentine investors

Uruguay's Ambassador to Buenos Aires Carlos Enciso said in a radio interview that a political change in his country's government would scare away potential Argentine investors after the favorable policies in the past few years by President Luis Lacalle Pou.