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Montevideo, July 21st 2026 - 02:52 UTC

Investments

  • Friday, May 29th 2026 - 06:31 UTC

    Capricorn Bioceanic Corridor advances to final stretch to connect Atlantic with Pacific

    For Paraguay, the corridor carries a particular strategic dimension

    The Capricorn Bioceanic Corridor, one of the most ambitious infrastructure projects underway in South America, is moving through its final stretch on the border between Paraguay and Brazil, with just twenty-one metres remaining to complete the physical link of the so-called Bioceanic Bridge, according to Paraguayan government authorities cited in late May 2026. The structure, built over the Paraguay River, will connect the cities of Carmelo Peralta, in the department of Alto Paraguay, and Puerto Murtinho, in the Brazilian state of Mato Grosso do Sul, and constitutes one of the central pieces of a logistics corridor that will link the Atlantic Ocean with the Pacific across four South American countries.

  • Tuesday, May 26th 2026 - 23:13 UTC

    Uruguay signs memorandum with United Kingdom on aerospace, infrastructure, and digital innovation

    “This agreement is in line with the strategic objectives set out by President Yamandú Orsi, focused on commercial openness and mutual cooperation,” Oddone (center) said

    The Uruguayan government on Monday signed a memorandum of understanding with the United Kingdom to deepen bilateral dialogue and advance cooperation in the aerospace, infrastructure, and digital innovation sectors, in a new step in the rapprochement between the two countries initiated with the visit of Economy and Finance Minister Gabriel Oddone to London in February. The agreement, valid for at least the next four years, was signed between the Uruguayan Ministry of Economy and Finance and the British Foreign, Commonwealth & Development Office.

  • Thursday, May 21st 2026 - 18:11 UTC

    Falklands reaffirms close relationship with IAATO; Marketplace Expo in USA

    D. Joshua and Pamé D’Avino from Sulivans Shipping Services, Louise Ellis and Jane Clarke from FIDC, Richard Morrison and Rachael Crowie from Penguin Travel, and Steph Middleton from the FITB<br />

    Reaffirming the close relationship and collaboration members from the Falkland Islands Development Corporation (FIDC) team led a coalition of Falkland Islands businesses for the inaugural Marketplace Expo during the International Association for Antarctica Tour Operators (IAATO) Annual meeting, which was held in late April, in Annapolis, Maryland, USA.

  • Thursday, May 21st 2026 - 06:59 UTC

    Falklands’ oil, in June upgrade begins in Asia to adapt Aoka Mizu FPSO to Sea Lion development needs

    Navitas has shifted upgrade work on the Aoka Mizu from the Middle East to Asia due to the conflict in Iran, adding about US$ 45 million to the development budget

    Rockhopper Exploration (AIM:RKH), has highlighted progress at the Sea Lion oil development in the North Falkland Basin, operated by Navitas Petroleum. The first two phases will use the Aoka Mizu FPSO with capacity of 55,000 barrels per day, while a new memorandum of understanding for a second FPSO could lift total capacity by a further 125,000 barrels per day, significantly expanding the project’s production potential if implemented.

  • Sunday, May 17th 2026 - 13:48 UTC

    Brazil leads South America's military spending and Uruguay posts one of the largest relative rises, SIPRI says

    The most striking data point in the region corresponds to Uruguay, which moved to a military budget of USD 577.2 million in 2025, an increase of nearly 80% in five years.

    Brazil consolidated its position as South America's leading defense spender during 2025, with a military budget of approximately USD 23.9 billion and a 13% year-on-year increase, while Uruguay recorded one of the steepest relative rises in the region, according to the annual report of the Stockholm International Peace Research Institute (SIPRI) released on Saturday. The region as a whole increased its military spending by 3.4% compared with 2024, in line with a global trend of armed forces modernization, open conflicts, and growing geopolitical tensions.

  • Friday, May 8th 2026 - 02:14 UTC

    United States imposes new sanctions on Cuban military conglomerate GAESA amid escalating pressure

    US Secretary of State Marco Rubio announced on Thursday a new package of sanctions against the Grupo de Administración Empresarial S.A. (GAESA), the conglomerate linked to the Cuban Armed Forces that controls approximately 40% of the island's economy, in a fresh escalation of the economic pressure deployed by the Trump administration against the Havana regime. The measure is part of the implementation of Executive Order 14404, signed by President Donald Trump on May 1, which authorizes sanctions against those responsible for political repression and threats to US national security.

  • Friday, May 1st 2026 - 12:12 UTC

    Pentagon seals artificial intelligence agreements with seven tech giants

    The Pentagon noted in a statement that these alliances “accelerate the transformation toward establishing United States Armed Forces with AI at the center of their way of war”

    The United States Department of War announced the signing of agreements with seven leading technology companies to integrate artificial intelligence (AI) tools into classified operational environments. The contracts, which include SpaceX, OpenAI, Google, NVIDIA, Reflection, Microsoft, and Amazon Web Services, seek to consolidate Washington's military technological leadership.

  • Thursday, April 23rd 2026 - 12:28 UTC

    Latin America's largest investment bank targets Uruguay as regional hub after acquiring local HSBC unit

    Founded in 1983 in Rio de Janeiro, the group is present in Brazil, Argentina, Chile, Colombia, Mexico, and Peru

    Brazilian group BTG Pactual, Latin America's largest investment bank, is awaiting authorisation from Uruguay's Central Bank (BCU) to begin operating in the local financial market following its $175 million acquisition of HSBC Uruguay, agreed in July 2025. Group executives expect regulatory approval to come through by mid-year, allowing them to begin operations gradually in the second half of 2026.

  • Thursday, April 23rd 2026 - 11:35 UTC

    Tech magnate Peter Thiel meets Milei after a week of private contacts with the Argentine government

    Thiel, whose fortune is estimated at over $23 billion, has spent at least a week in the Argentine capital. He is reported to have completed the purchase of a home in Buenos Aires

    Peter Thiel, co-founder of Palantir and PayPal and one of the most influential figures in the global technology sector, met with President Javier Milei at the Casa Rosada on Thursday, official sources confirmed. The meeting, scheduled for 2:00 p.m., was the culmination of a week of reserved activity in Buenos Aires that included high-level contacts with key members of the Argentine government.

  • Tuesday, April 21st 2026 - 23:14 UTC

    New York court rules in favor of Uruguayan fintech dLocal, dismisses investor class action

    dLocal, founded in Uruguay, specializes in processing payments in emerging markets and listed on the Nasdaq in June 2021

    The Appellate Division of the New York State Supreme Court unanimously upheld the dismissal of a class action lawsuit filed by investors against Uruguayan fintech dLocal and the investment banks involved in its 2021 initial public offering, finding no material omissions in the information the company disclosed before the IPO.