Investments

Tuesday, April 25th 2023 - 11:52 UTC
Lula wants partnerships with private companies in developments to come

Brazilian President Luiz Inácio Lula da Silva Monday told a group of businessmen in the Portuguese city of Porto that his country was not willing to sell any public company but it would nevertheless welcome private entrepreneurship “to partner with us in what we need to create anew.”
Monday, April 24th 2023 - 18:42 UTC
Mount Pleasant Complex runway in Falkland Islands undergoes successful refurbishment

The Defence Infrastructure Organisation (DIO) has completed a project worth almost £7 million to extend the lifespan of the runways and taxiways at the Mount Pleasant Complex airfield in the Falkland Islands. The project was awarded to Mitie in June 2022, and was undertaken by sub-contractor Gatwick Construction, with work commencing at the end of January.
Monday, April 24th 2023 - 17:05 UTC
Worldwide military expenditure increased 3,7% in 2022, SIPRI report

The Stockholm International Peace Research Institute (SIPRI), a leading global security think tank, reported that countries around the world are spending record amounts of money in defense budgets. Some of the reasons for this new trend, inflation, the war in Ukraine, US efforts to outpace China.
Thursday, April 20th 2023 - 10:53 UTC
Work started on Royal Navy's next Type 26 frigate “Birmingham”

Work got underway on the latest of the Royal Navy’s next-generation submarine hunters, a £840m Type 26 frigate warship which will carry the name and motto – Forward – of England’s second city, Birmingham, around the globe for a quarter of a century.
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.