China's Huawei has just hired a former president of Brazil to act as an advisor on 5G networking in the region. Through the new hiring, the company aims at ensuring the growth of the newer and faster bandwidth in the local market just prior to the auction for 5G wireless networks.
Tentative signs of recovery are emerging in global labor markets, following unprecedented disruption in 2020 due to the Covid-19 pandemic, according to the latest report from the International Labour Organization, ILO.
The Argentine Chamber of Mining Entrepreneurs (CAEM) reported that the country’s mining output fell by 70% y-o-y in 2020 due to the effects of the Covid-19 pandemic. CAEM also said that small and medium-sized mining operations, which tend to be family-owned, saw a 40-50% fall in production.
United States President Joe Biden on Monday signed a Buy American executive order to ensure that the federal government invests taxpayers' money on U.S.-made goods in an effort to revitalize the country's manufacturing industry and resilient supply chains.
Bolivia will build ecological diesel and biodiesel plants to reduce imports of liquid fuels, Hydrocarbon and Energy Minister Franklin Molina announced over this past weekend.
Global foreign direct investment (FDI) collapsed in 2020, falling 42% from US$ 1.5 trillion in 2019 to an estimated US$ 859 billion, according to a UNCTAD Investment Trends Monitor released on Sunday.
By S. Pelin Berkmen, Dmitry Gershenson, Luis Herrera Prada, and Jose Torres - Despite the ongoing crisis, Uruguay is taking important steps to address preexisting macroeconomic conditions and lay the foundation for a more resilient, competitive, and stable economy.
China's telecommunications sector is celebrating that the Brazilian government became the first in the world to backtrack on its opposition to Huawei's 5G bid. Brazil will not seek to bar the Chinese telecommunication giant from its 2021 5G network auctions in June, according to reports published in the newspaper Estado de S. Paulo.
The HMS Protector, the only Royal Navy's ice patrol ship, has returned to sea after a £14m revamp to improve her ability to work in Antarctica. Extra weight was added to the vessel during the work has improved her ice-breaking capability, the Navy said.
China's third aircraft carrier, expected to be very different from the previous two with much larger displacement and featuring electromagnetic catapults, could be launched in 2021 and enter naval service around 2025, media reports predicted based on recent photos of the ship's construction site.