Investments

• Tuesday, January 11th 2022 - 13:53 UTC

  Brazilian car industry expanded 11% last year but still below 2018/19 potential

  

  Brazil's National Association of Automotive Vehicle Manufacturers, ANFAVEA said that the 2021 market had a significant improvement to the critical production level of 2020, but was still short of the potential of the industry both in domestic and foreign markets. Nevertheless, Brazilian exports of automobiles reach US$ 7,6 billion.

• Monday, January 10th 2022 - 21:41 UTC

  Coronavirus keeps airline crews quarantined, passengers stranded

  

  Multiple cases of COVID-19 are leaving companies understaffed but when it comes down to airline services it becomes far more notorious because scores of angry passengers fill airports everywhere.

• Saturday, January 8th 2022 - 12:30 UTC

  Anvisa okays COVID-19 vaccine entirely produced in Brazil

  

  Brazil's National Health Surveillance Agency (Anvisa) Friday approved the first nationally manufactured COVID-19 vaccine. The body is also considering a second pediatric drug after having cleared Pfizer's for children aged 5 to 11.

• Thursday, January 6th 2022 - 00:22 UTC

  Argentina to buy Russian electric trains for diesel-only suburban railroad

  

  The Government of Argentina has allocated US $ 800 million to the purchase of Russian electric trains for a non-electrified railroad, the Buenos Aires daily La Nación reported.

• 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.