Investments

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.
Thursday, December 1st 2022 - 10:32 UTC
Rockhopper Exploration South Falkland Basin licenses extended for two years

Rockhopper Exploration oil and gas company which last year agreed to jointly develop the Sea Lion project at the North Falkland Basin with Israel's Navitas as leading financer and operator, announced that following discussions, the Falkland Islands Government had agreed to extend the company's licenses at the South Falkland Basin.
Thursday, December 1st 2022 - 10:02 UTC
UNCTAD forecasts economic slowdown in 2023 with dramatic drop of shipping activity

The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken the outlook for trade, U.N. agency UNCTAD said this week.