Investments

Tuesday, January 19th 2021 - 09:07 UTC
Icebreaker HMS Protector is back to sea after £14m revamp

The HMS Protector, the only Royal Navy's ice patrol ship, has returned to sea after a £14m revamp to improve her ability to work in Antarctica. Extra weight was added to the vessel during the work has improved her ice-breaking capability, the Navy said.
Monday, January 18th 2021 - 08:23 UTC
China expects to launch its third and largest carrier this year

China's third aircraft carrier, expected to be very different from the previous two with much larger displacement and featuring electromagnetic catapults, could be launched in 2021 and enter naval service around 2025, media reports predicted based on recent photos of the ship's construction site.
Saturday, January 16th 2021 - 08:38 UTC
Falklands compensates farmers for mutton not processed during the current season

The suppliers of the Falkland Islands Meat Company (FIMCo) will be eligible for assistance through an FIG scheme, it was announced through a press statement on January 7. The support is in the form of £10 of compensation from FIG per head of mutton which cannot be processed by FIMCo, but does not make payments for cull sheep.
Thursday, January 14th 2021 - 09:54 UTC
Uruguay signs contract to resume offshore seismic surveying for oil and gas

Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.
Wednesday, January 13th 2021 - 09:33 UTC
Premier Oil becomes Harbor Energy; merges with Chrysaor to make North Sea's largest oil and gas producer

Premier Oil announced on Tuesday that shareholders voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea’s biggest oil and gas producer in which Premier shareholders will hold about 5.5%.
Tuesday, January 12th 2021 - 08:56 UTC
Ford after a century in Brazil, closes its three factories with a loss of 5,000 jobs

Carmaker Ford said on Monday losses exacerbated by the coronavirus epidemic and fiscal uncertainties would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.
Monday, January 11th 2021 - 09:54 UTC
Portugal wants quick ratification of EU/Mercosur deal, but there are many objections

Portugal which last week took the rotating presidency of the European Union for six months as of January 1st, said that it will try to conclude the bloc’s free trade agreement with Mercosur, agreed in 2019 after two decades of negotiations that have not yet been finalized.
Monday, January 11th 2021 - 08:34 UTC
China/Brazil sea freight prices soar, almost five times higher than six months ago

Sea freight on the China-Brazil route has soared and reached an unprecedented US$ 10,000 per TEU, according to importers and shipping companies operating in the port of Santos.
Friday, January 8th 2021 - 07:53 UTC
Boeing will pay US$ 2,5bn to resolve investigation related to the 737 MAX crashes

Boeing Co will pay over US$ 2.5 billion to resolve a U.S. investigation into criminal conspiracy charges related to two deadly 737 MAX crashes that killed 346 people, the Justice Department said, but the plane maker will not be required to plead guilty.
Thursday, January 7th 2021 - 09:09 UTC
US business leaders want Vice-president Pence and the cabinet to remove Trump from office

US business leaders denounced president Donald Trump for inciting supporters who mobbed the US Capitol, with the head of the National Association of Manufacturers saying Vice-President Mike Pence should “seriously consider” working with the Cabinet to remove the president from office.