Investments

Thursday, February 17th 2022 - 10:07 UTC
Portsmouth's special power catering for Royal Navy aircraft carriers so as not to leave the city in the dark

When the Royal Navy's new aircraft carriers arrived in Portsmouth, the base faced a critical issue – how to find enough electricity. HMS Queen Elizabeth and HMS Prince of Wales doubled the base's energy use. In fact, the load was so great there was a danger it would impact power supplies to the city itself.
Thursday, February 17th 2022 - 10:05 UTC
UK becomes third largest defense spender in the world behind US and China

UK has overtaken India to become the third-largest defense spender in the world, according to a new report by the International Institute for Strategic Studies (IISS). The new 'Military Balance 2022' report is an assessment of all military capabilities and defense economics of 171 countries worldwide.
Wednesday, February 16th 2022 - 09:44 UTC
A former Chilean Socialist minister considers “delirious” the nationalization of mining industry

A veteran Chilean politician who among other appointments was Minister of Mines under the deposed Socialist government of Salvador Allende in 1973, and later held other ministerial responsibilities following the return of democracy in 1990, strongly criticized the initiative to again nationalize the mining companies which operate in Chile, as proposed in the Constitutional Convention drafting a new constitution.
Tuesday, February 15th 2022 - 10:21 UTC
New IA-63 Pampa takes to the skies for further testing

Argentine-built jet training aircraft IA-63 Pampa III Block II AR-005 made its maiden flight last week at the Argentine Aircraft Factory (FAdeA) – First flight of the Pampa III AR-005, it was announced.
Tuesday, February 15th 2022 - 09:37 UTC
Round of hearings for 35-year concession of Brazil's busiest port has started

The round of hearings for the privatization of the Port of Santos in Sao Paulo state, and the busiest of Brazil have started with the participation of the minister of Infrastructure Tarcisio Gomes de Freitas and the different interested parties. It’s basically a 35-year contract project which will demand almost 3,5bn dollars
Monday, February 14th 2022 - 08:47 UTC
Argentina to send military team to China to discuss arms deal

The Government of Argentina is planning to send a military team to China in March to broker the purchase of combat aircraft, for which over US $ 600 million have been allocated as per the 2022 Budget bill, it was reported.
Thursday, February 10th 2022 - 09:32 UTC
HMS Protector officer visits “his island” in Antarctica

No man is an island – apart from Royal Navy officer Lieutenant Commander Dave Pitt. Currently deployed on survey ship HMS Protector, Lt Cdr Pitt has become possibly the first Pitt to set foot on the Pitt Islands.
Wednesday, February 9th 2022 - 22:00 UTC
Venezuela allows flights to and from Portugal to resume

The Venezuelan government of President Nicolás Maduro Wednesday gave the nod to the resumption of commercial flights to and from Portugal, which were halted due to the COVID-19 pandemic.
Wednesday, February 9th 2022 - 09:55 UTC
Xiaomi to assemble cell phones in Tierra del Fuego

Just a couple of days after the meeting between President Alberto Fernández and Xi Jinping, it was announced that the Chinese cell phone manufacturer Xiaomi will start producing some of its models in Tierra del Fuego and will expand its network of retail stores throughout the country.
Tuesday, February 8th 2022 - 09:37 UTC
2021 was a good year for foreign direct investment in Chile, the highest since 2015

Foreign Direct Investment, FDI, in Chile during the twelve months of 2021 reached US$ 16,782 billion, the best amount since 2015, according to the Central bank which added it represented a 95% increase over 2020. Overall it was 62% higher than the average of the last five years, and 16% above the 2003/2021 average.