Investments

Thursday, January 6th 2022 - 00:20 UTC
Posco announces US $ 830 million investment in Argentina

Posco Argentina's CEO KwangBok Kim Wednesday announced an US $ 830 million investment after a meeting with Cabinet Chief Juan Manzur. Also present at the gathering was company director SungKook Chung.
Monday, January 3rd 2022 - 09:19 UTC
China cuts subsidies to the manufacture of electric vehicles

China has announced it will cut subsidies for green energy vehicles such as electric cars by 30%, beginning January this year. A release from the Ministry of Finance said that the subsidies policy, NEV 2022 will be definitively closed by 31 December 2022.
Friday, December 31st 2021 - 09:42 UTC
Ships prefer Paraguayan flag to evade Argentine taxes

Argentine sailor unions are warning against the trend whereby Argentine-flagged ships are turning to Paraguayan registration to both circumvent Argentina's blood-thirsty taxation plus benefitting from Paraguay's own scheme, a process which seems likely to go on in the near future.
Thursday, December 30th 2021 - 09:50 UTC
Ushuaia Logistics Pole to compete with Falklands and Punta Arenas as Gate to Antarctica

Argentina's Antarctica Logistics Pole to be built in Ushuaia, Tierra del Fuego, at the current naval base will be totally financed, managed and autonomous, no strings with any of the leading powers in the ice continent and intended to compete with the Falkland Islands and the Chilean complex of Punta Arenas, as the gate to Antarctica.
Wednesday, December 29th 2021 - 20:59 UTC
Russia hopes to start manufacturing Kalashnikov rifles in Venezuela soon

Russian officials Wednesday insisted the launch of the plant to manufacture Kalashnikov rifles in Venezuela had to be postponed during 2021 as a consequence of sanctions imposed by the United States, but the final works have been gaining pace lately thanks to cooperation from local authorities.
Tuesday, December 28th 2021 - 09:35 UTC
UK Parliament Defense Committee report, “we're going to need a bigger Navy”

Britain’s parliamentary Defense Committee has fired a broadside at the government, raising significant concerns about the future size and capabilities of the Royal Navy in a report released this month” and reported by Defense News.
Monday, December 27th 2021 - 20:16 UTC
Andean Community lifts roaming charges as of Jan. 1

Roaming charges for cell phone communications is about to become a thing of the past for countries of The Andean Community (CAN - Bolivia, Colombia, Ecuador and Peru). Effective Jan. 1, 2022, and thanks to the joint work of its member countries and the institutional strength that it has had for more than 52 years, the citizens of the CAN will not have to pay any additional surcharge for post-paid international roaming and will be able to be more and better communicated.
Monday, December 27th 2021 - 09:55 UTC
Latam applies for Sao Paulo/MPA flights to begin 9 February, Aeroin

LATAM Airlines has submitted to Brazil's National Civilian Aviation Agency its flight schedule for the Sao Paulo/Falkland Islands commercial air link resumption, allegedly scheduled for next 9 February, according to Brazilian air industry site, Aeroin.
Friday, December 24th 2021 - 09:43 UTC
Falklands' capital Stanley aims for Platinum Jubilee city status in 2022

Stanley, the capital of the Falkland Islands, has been confirmed as one of 39 applicants being considered for city status as part of The Queen’s Platinum Jubilee celebrations next year. The competition for this prestigious civic honour has been expanded, for the first time, to include British Overseas Territories and Crown Dependencies.
Friday, December 24th 2021 - 09:21 UTC
Eastern cancellations leave hundreds of Paraguayans stranded in Miami

Some 300 Paraguayan nationals who were stranded in Miami after Eastern Airlines canceled its Dec. 18 and 21 flights to Asuncion will be arriving shortly before midnight Friday, it was announced.