Investments

Wednesday, December 15th 2021 - 09:40 UTC
Flybondi fleet to grow, new jobs created

Argentine budget airline Flybondi has announced plans to expand its fleet to 10 aircraft. The increase in operations would result in 400 new direct jobs, CEO Maurio Sana, announced Tuesday
Wednesday, December 15th 2021 - 08:33 UTC
Ushuaia announces the construction of a five star sustainable Hilton hotel

Ushuaia, the capital of Tierra del Fuego province will have a sustainable five-star hotel linked to the Hilton Hotels and Resorts consortium, which is expected to be inaugurated in December 2023. The announcement was done by Tierra del Fuego governor Gustavo Melella, his deputy Monica Urquiza and several members of the cabinet and local authorities.
Tuesday, December 14th 2021 - 09:34 UTC
Future Communications Tower hub at Antarctica's Rothera Station trial assembles in Scotland

A full trial assembly of a specialist air communications tower for a British Antarctic Research Station has been constructed this autumn in Scotland, ahead of its shipping to Antarctica. Mocking up the huge communications tower was no mean feat as the roof level is over 16m above ground, with a floor area of over 43.23m2.
Tuesday, December 14th 2021 - 03:20 UTC
American Airlines downsizes due to lack of aircraft

American Airlines has been forced to lift a series of routes or frequencies to South America as visions of a Dreamliner future took a turn towards something closer to a nightmare, when Boeing began stalling deliveries of brand new 787s.
Monday, December 13th 2021 - 19:45 UTC
BMW signs deal to buy Argentine lithium

German automaker BMW has signed a deal whereby Livent, a company that has invested US $ 640 million to extract lithium in the Argentine province of Catamarca, will become the brand's second-largest supplier of the mineral in 2022.
Thursday, December 9th 2021 - 09:49 UTC
Fresh air for Falklands' oil industry: Navitas to become operator with Rockhopper, and Harbour exits

Encouraging news for the Falkland Islands budding hydrocarbons industry. Rockhopper Exploration officially announced on Wednesday that it had reached a new agreement with Navitas Petroleum by which its potential farm-in portion of the Sea Lion project increases significantly, while the current holder of the majority share, Harbour Energy exits the undertaking.
Thursday, December 9th 2021 - 09:00 UTC
World Bank approves Renewable Energy Project loans to Cabo Verde, Africa

The World Bank on Wednesday approved an International Development Association credit in the amount of US$3.5 million and an International Bank for Reconstruction and Development loan in the amount of US$ 3.5 million for the Renewable Energy and Improved Utility Performance Project (REIUP) for Cabo Verde in Western Africa.
Monday, December 6th 2021 - 09:34 UTC
Sustainability: Uruguay the example to follow, World Bank says

Anna Wellenstein, Director of the World Bank's Latin America and the Caribbean, Sustainable Development Group, has said Uruguay was an example of turning its productions towards a market that will seek environmental guidelines met.
Monday, December 6th 2021 - 08:49 UTC
Argentine automotive industry shows signs of recovery

The Argentine Association of Automotive Factories (ADEFA) has reported that November 2021 had shown a 70% increase in exports and a growth of around 43% in the total number of units delivered.
Saturday, December 4th 2021 - 09:55 UTC
Labour strife in port of Montevideo; increasing export volumes shipped from Rio Grande in Brazil

Recurrent labour strife in the port of Montevideo is not only frustrating but is also seriously limiting activities, and only this week did the Union of Uruguayan exporters make public a release regretting the fact that several vessels abandoned the port given what is known as pearled stoppages.