Investments

• Monday, December 26th 2022 - 09:01 UTC

  Chile launches the first icebreaker made in South America

  

  The first icebreaker built in Latin America, Almirante Oscar Viel, was launched last week from the state-run naval ASMAR shipyard in Talcahuano, Chile after five years of construction

• Saturday, December 24th 2022 - 10:21 UTC

  Brazil to develop “VTOL” electric aircraft

  

  Brazil's state-owned National Bank for Economic and Social Development (BNDES) has allocated R$ 490 million (about US$ 95 million) to Eve Soluções de Mobilidade Aérea Urbana Ltda., a subsidiary of aircraft manufacturer Embraer, for the development of electric units with Vertical Take Off and Landing (eVTOL) capabilities.

• Thursday, December 22nd 2022 - 10:09 UTC

  Quito opens first subway line in a peculiar way

  

  Ecuadorian authorities Wednesday celebrated the opening of Quito's first subway line, which will for now not be operational. In other words, trains will not be running until a later date, but the stations are open for people to get used to the new system. “Static induction,” they call it.

• Monday, December 19th 2022 - 10:03 UTC

  Strike at most Brazilian airports still on after court proposal rejected

  

  Brazil's National Union of Aeronauts (SNA) announced that the strike planned for Monday at the main airports nationwide by pilots and flight attendants was still on after they rejected a proposal from the Superior Labor Court (TST).

• Monday, December 12th 2022 - 10:28 UTC

  Latin America, the EU's strategic investment target for 2023

  

  Ursula von der Leyen convened the first meeting of the Global Gateway Board on Sunday to review the achievements of the first year of implementation of this plan. The President of the European Commission said the EU wants to counter the new Chinese Silk Road and identify projects for 2023 in Africa, Latin America, the Caribbean, and the Pacific.

• Sunday, December 11th 2022 - 08:46 UTC

  Falklands Government extends Borders & Southern production licenses

  

  Oil and gas company Borders & Southern Petroleum with interests in the Falkland Islands announced this week it had secured the extension of its Production Licenses PL018, PL019, PL020, including the Darwin Discovery Area, according to reports in London's financial media.

• Saturday, December 10th 2022 - 10:21 UTC

  Electric car company signs dealership agreement in Chile

  

  Astara Chile signed an alliance with BYD whereby the Spanish distributor will market and distribute BYD electric passenger vehicles in the South American country starting in the first quarter of 2023, it was announced this week in Santiago.

• Thursday, December 8th 2022 - 09:02 UTC

  Production of last Boeing 747 completed - the end of an era

  

  After 53 years of non-stop production, aircraft manufacturer Boeing announced the completion of the last unit of the 747 models, which shall be delivered to her buyers in January of 2023.

• Wednesday, December 7th 2022 - 09:53 UTC

  Europe bans imports of products involving deforestation

  

  The European Union Wednesday banned the import of products such as soy, meat, or wood that might involve deforestation in their processes. The measure also reached leather, furniture, palm oil, paper, cocoa, coffee, and rubber and their byproducts.

• Friday, December 2nd 2022 - 10:01 UTC

  Royal Navy will have “Cetus”, a crewless submarine in two years

  

  The Royal Navy has ordered its first crewless submarine to shape the future of underwater warfare. In two years' time, Cetus – named after a mythological sea monster – will move through the oceans, monitoring hostile activity, listening out for ships or submarines which may pose a threat to the fleet, or to key national infrastructures such as deep-sea cables and pipelines.