Investments

• Tuesday, April 18th 2023 - 10:17 UTC

  Chile announces first 5G tech business development center

  

  Chile's Catholic University (PUC) is to implement the first 5G technology business development and pilot center in the country. The facility will develop prototypes and scaling of digital solutions for different industries, the Chilean government's Production Development Corporation (Corfo) announced Monday in Santiago.

• Monday, April 17th 2023 - 23:45 UTC

  Ushuaia ready to inaugurate the port's extension and already thinking on a further expansion only for cruise vessels

  

  Ushuaia, the extreme southern port in the Argentine Tierra del Fuego province is preparing for the inauguration of its extended port and logistics facilities sometime in the coming weeks but is also requesting more funds from the central government given the growing demand for berthing and the fact that cruise vessels are being built ever so larger.

• Monday, April 17th 2023 - 23:00 UTC

  The “next Steve Jobs” and self made billionaire, Elizabeth Holmes to prison for fraud

  

  Theranos founder Elizabeth Holmes was once hailed as the “next Steve Jobs”, said to be the world's youngest self-made billionaire and the darling of the US corporations world. The former Silicon Valley star falsely claimed the technology could diagnose disease with just a few drops of blood. Her company at the peak of her market aura was valued at almost ten billion US dollars.

• Saturday, April 15th 2023 - 09:09 UTC

  China to open new opportunities for Brazil, Xi tells Lula

  

  Brazilian President Luiz Inácio Lula Da Silva was offered a grand welcome by his Chinese colleague Xi Jinping as both leaders set out the guidelines for a partnership that will undoubtedly play a role in world events. China “will open new opportunities for Brazil,” Xi said.

• Tuesday, April 4th 2023 - 09:41 UTC

  Twitter stunt by Elon Musk results in cryptocurrency soaring

  

  Twitter adopting Dogecoin's Japanese Shiba Inu dog symbol as the brand's logo resulted in an increase in value of over 26%, it was reported.

• Monday, April 3rd 2023 - 09:24 UTC

  China and Brazil reach accord to trade with their own currencies, avoiding the US dollar

  

  China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as a common currency, the Brazilian government said on Wednesday, March 29. China has become Brazil's main trading partner.

• Sunday, April 2nd 2023 - 11:43 UTC

  Dilma Rousseff elected head of BRICS New Development Bank seated in Shanghai

  

  Former Brazilian President Dilma Rousseff was “unanimously” elected as the head of the New Development Bank (NDB), a multilateral financial institution set up by the BRICS (Brazil, Russia, India, China, and South Africa) countries. Rousseff, 75, succeeds her fellow Brazilian Marcos Troyjo, at the Shanghai-headquartered bank.

• Sunday, April 2nd 2023 - 10:09 UTC

  UK strikes deal to join major free trade bloc in Asia-Pacific, including Chile, Peru and Mexico

  

  The UK announced on 31 March the conclusion of trade talks with member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a vast free trade area spanning the Asia-Pacific, after 21 months of negotiations. The bloc is home to over 500 million people and will have a total GDP of £11 trillion once the UK joins.

• Saturday, April 1st 2023 - 09:33 UTC

  Colonia launched as possible destination at cruise fair

  

  Uruguayan tourism authorities included the riverside city of Colonia del Sacramento as yet another possible destination for cruise ships already making calls at Montevideo and Punta del Este. Deputy Tourism Minister Renzo Monzeglio headed the South American country's delegation which participated in the recent Seatrade Cruise Global 2023, arguably the most important cruise fair in the world, held at the Fort Lauderdale Convention Center in the US State of Florida.

• Friday, March 31st 2023 - 16:04 UTC

  Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: see details

  

  The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments.