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Montevideo, April 4th 2025 - 04:38 UTC

Investments

  • Saturday, September 7th 2024 - 10:20 UTC

    Uruguayan Senator calls for Cardama deal for new Ocean Patrol Vessels to be dropped

    Cardama's ability or apparent lack thereof to fulfil the contract would corroborate Rear Admiral Musso's assessment that the Uruguayan government chose to ignore

    Broad Front (Frente Amplio - FA) Senator Sandra Lazo insisted Friday that Uruguay should backtrack on its decision to purchase two newly-built Ocean Patrol Vessels (OPVs) from Spanish shipyard Cardama, a company at risk of bankruptcy that has not yet commenced building the units ordered in mid-2023. The Spanish shipyard is still unable to obtain the collaterals required by the contract with the Uruguayan authorities.

  • Wednesday, September 4th 2024 - 10:55 UTC

    Uruguay inaugurates fishing port terminal

    “The Argentine government understood, after 200 years of struggle,” that Montevideo's port offers better conditions than that of Buenos Aires

    Uruguayan authorities inaugurated a new fishing port in Capurro on Tuesday after a US$ 110 million investment, an “important milestone” that will house the activity in Montevideo, President Luis Lacalle Pou explained. The head of state also pointed out that “it has been many years since a public port was built here.”

  • Wednesday, September 4th 2024 - 09:53 UTC

    Falklands/Brize Norton airbridge flights fully booked; recommendations for challenging September

    Mount Pleasant Complex International Airport

    The Falkland Islands Government with the UK Ministry of Defense is working on bookings and waiting lists for the airbridge, during the month of September and announced the following release, ”Our community will be aware of the current strain on Airbridge flights where all flights are fully booked, and nearly every flight waitlisted. The cancelled and returned flights in late August has added additional pressure on the availability of Airbridge seats.

  • Friday, August 30th 2024 - 09:36 UTC

    Foundation stone laid for Google's data center in Uruguay

    Google's data center will cost US$ 850 million and be ready in 26 months, it was explained

    Representatives of technology giant Google and the Uruguayan Government, including President Luis Lacalle Pou, took part Thursday in the ceremony marking the laying of the foundation stone for the company's future data center in Pando, in the department (province) of Canelones, within Montevideo's Metropolitan Area.

  • Thursday, August 29th 2024 - 08:18 UTC

    Falklands travelers to benefit with seats for the Ascension/St Helena Airlink

    The Falkland Islands Government has informed that an agreement has been signed with Ascension Island Government to guarantee travelers from the Falkland Islands ten seats on each flight connecting Ascension and St Helena – known as the St Helena Airlink. This agreement removes the risk of travelers from the Falklands not being able to book a seat by guaranteeing availability.

  • Monday, August 26th 2024 - 08:53 UTC

    Giant wholesale chain planning Argentine exodus?

    Makro has been in Argentina since 1988

    Makro, a leading wholesale supermarket chain where anyone can shop at more convenient prices, has announced its decision to leave crisis-ridden Argentina after some 30 years in the South American country where sales keep plunging despite President Javier Milei's administration successful narrative. According to the consulting firm Scientia, the wholesale sector faced an 18.8% drop in sales in August alone.

  • Friday, August 23rd 2024 - 20:16 UTC

    UK distillers toast £25m Brazilian boost for Scotch Whisky under the Geographical Indication status

    Industry estimates, Brazil is in the top five global growth markets for alcohol over the next 5 years and its population of over 200 million people already have an appreciation for whisky

    UK Trade Secretary Jonathan Reynolds on Wednesday 21 August visited Glengoyne Distillery in Scotland to celebrate Brazil’s decision to grant special protected status to Scotch Whisky - bolstering ‘Brand Scotland’ by promoting iconic Scottish products across the world. 

  • Thursday, August 22nd 2024 - 11:14 UTC

    UK Space Command successfully launches first military satellite

    Colleagues from Surrey Satellites Technology Limited watch the Space X Launch.

    A UK satellite to support military operations successfully launched into space. Named Tyche, the satellite is UK Space Command’s first satellite which can capture daytime images and videos of the Earth’s surface. 

  • Tuesday, August 20th 2024 - 08:58 UTC

    Argentine port terminal granted carbon-neutral certification

    TecPlata's goal was to turn its terminal into an engine of positive and sustainable growth

    The TecPlata terminal in the Argentine port of La Plata has been granted a carbon-neutral certification, making it the first in the country to achieve such a feat, thus confirming the company's global sustainability strategy. The new status means offsetting the greenhouse gas (GHG) emissions generated by an activity so that the balance is zero.

  • Tuesday, August 20th 2024 - 04:58 UTC

    Brazil: The powerhouse of South America

    Photo: Unsplash

    While Brazil needs no introduction, it certainly deserves one as the largest country in South America, and the fifth-largest country by area. However, between being a giant in terms of economy and tourism, there’s more to it than just its size. As such, today, we’ll be taking a deeper dive into this country, and what makes it deserve the title of powerhouse.