Investments

Monday, March 4th 2024 - 10:27 UTC
Tsakos closing Montevideo naval operations

The Greek company Tsakos announced it was closing its naval operations in Uruguay but will keep other investments in the South American country, it was reported in Montevideo after early versions that the firm was departing altogether.
Thursday, February 29th 2024 - 11:31 UTC
Uruguay signs MOU to produce green hydrogen locally

The Government of Uruguay Wednesday signed a memorandum of understanding (MOU) with the company HIF for the building of a green hydrogen plant in the department (province) of Paysandú. The US$ 6 billion investment is expected to generate some 3,000 jobs.
Wednesday, February 28th 2024 - 17:00 UTC
“Land Rover of the skies manufacturer” facing financial problems

Six months after Isle of Wight aircraft manufacturer, Britten-Norman launched a plan to quadruple its output, the historic firm's future hangs in the balance. The maker of the affectingly known 'Land Rover of the skies' is considering bringing in administrators, according to reports.
Wednesday, February 28th 2024 - 10:35 UTC
Argentina Leading steel producer to cut output due to crisis

Argentine steel producer Acindar will stop output at its four plants in the country between March 18 and April 15 as a result of the country's recession which led to a drop in sales of around 40%, it was announced Tuesday.
Tuesday, February 27th 2024 - 10:35 UTC
Satellite internet providers allowed to operate in Argentina

Argentine authorities approved in a resolution published Monday in the Official Gazette that companies such as Amazon Kuiper, OneWeb, and Elon Musk's Starlink may start providing satellite internet connectivity to local users, it was reported in Buenos Aires. The service will become available in the second quarter of 2024.
Monday, February 26th 2024 - 21:59 UTC
Argentina develops ejector seat cartridge tester, aims to counter British embargo

Argentina's Scientific and Technical Research Institute for Defense (CITEDEF) has successfully certified its own ejector seat cartridge tester to extend the life of the Super Etendard/SEM of the Naval Aviation Command (COAN), a key development in the country's efforts to achieve self-sufficiency in the defense sector. Since their acquisition in 2019, these jets have been grounded due to the British veto on the supply of essential ejection seat pyrotechnics, effectively rendering them inoperable.
Monday, February 26th 2024 - 04:18 UTC
UK goes full Net Zero: quits treaty allowing companies to sue green economy policies

Calling it “outdated” the United Kingdom has withdrawn from an international treaty that lets fossil-fuel companies sue governments pursuing climate policies for billions in compensation for lost profits.
Saturday, February 24th 2024 - 11:21 UTC
UK Ambassador visits Uruguayan Antarctic Base, praises program's efforts

The Uruguayan Antarctic Institute welcomed United Kingdom Ambassador to Uruguay, Faye O'Connor, to the Artigas Antarctic Scientific Base between February 14th and 19th.
Saturday, February 24th 2024 - 10:08 UTC
Hyundai pledges US$ 1.1 billion investment in Brazil until 2032

South Korean carmakers Hyundai announced this week a US$1.1 billion investment in Brazil during a meeting with President Luiz Inácio Lula da Silva at the Planalto Palace on Thursday, Agencia Brasil reported.
Monday, February 19th 2024 - 10:27 UTC
Venezuela announces “Ayacucho 2024” plan to transform its Armed Forces

Venezuelan authorities have expressed their concern about Guyana's plans to reinforce its military capabilities amid ongoing tensions over the oil-rich Essequibo region and announced a plan for the transformation of its Armed Forces in response.