Investments

• Wednesday, June 30th 2021 - 09:13 UTC

  Floods and droughts mean yearly losses worth US $ 1 billion for Argentina, says World Bank

  

  A new report titled “Impact of Climate Crisis on Poverty and the Argentine macroeconomy” points out the serious consequences of the impact of climate change on the Argentine economy, mainly due to losses caused by floods and droughts, the World Bank announced Tuesday.

• Wednesday, June 30th 2021 - 00:18 UTC

  Volkswagen goes electric and ends making internal combustion engines in 2035

  

  Germany's Volkswagen will no longer make cars with internal combustion engines in Europe by 2035, a board member said. The announcement comes as carmakers in Europe face mounting pressure to combat climate change and curb emissions under new EU regulations

• Wednesday, June 30th 2021 - 00:16 UTC

  With no budget by Thursday, UN peacekeeping missions to be frozen

  

  United Nations has instructed peacekeeping missions “to make contingency plans” to leave since no agreement has been reached for the financial year beginning July first, and which could lead to a freeze of activities, diplomats revealed. The roadblock allegedly stems from China and African countries making multiple last-minute requests.

• Tuesday, June 29th 2021 - 09:00 UTC

  History of corruption and bribes behind doomed Florida building reported

  

  The developers of the building which collapsed last week in Southern Florida were under investigation for allegedly bribing local officials to get the permit to build the condominium which has left around 10 people confirmed dead plus some 150 others yet unaccounted for.

• Tuesday, June 29th 2021 - 07:18 UTC

  Eastern lifts Guayaquil route from Miami but JetBlue adds flights from New York

  

  US carrier Eastern Airlines, which started the nonstop Miami-Montevideo route just last week, has announced that as of July it will be lifting flights to Guayaquil until further notice.

• Saturday, June 26th 2021 - 02:19 UTC

  With passenger traffic not back to normal, Uruguayan port of Colonia undertakes improving its facilities

  

  Managerial authorities of the Uruguayan port of Colonia have reached an agreement for renovation works over the next year at a cost of around UY $ 80 million (US $ 1,840,800), it was announced.

• Friday, June 25th 2021 - 17:45 UTC

  Argentine shares on Wall Street plummet following MSCI downgrading

  

  Friday dawned in Wall Street with the news that MSCI had decided to demote Argentina's economy two notches, from Emerging to Stand Alone and what Buenos Aires analysts feared by Thursday evening has become true.

• Friday, June 25th 2021 - 09:42 UTC

  Eastern lands at Carrasco, Copa adds flights to/from Montevideo

  

  Montevideo's Carrasco international airport welcomed a new operator this week and more flights from an old one, as Uruguay's reopening to the world gains momentum in the current pandemic scenario.

• Tuesday, June 22nd 2021 - 06:56 UTC

  Chevening Scholarships awarded to 19 students from Argentina

  

  Every year, a number of Chevening Scholarships are awarded to students from Argentina with outstanding academic performance and leadership qualities, allowing them full funding to undertake postgraduate studies in universities in the UK.

• Monday, June 21st 2021 - 08:53 UTC

  Anvisa green-lights sale of 480 tons of medical oxygen to Paraguay

  

  Paraguay's Foreign Ministry Sunday confirmed Brazil's National Health Surveillance Agency (Anvisa) had agreed to allow the sale of 480 tons of oxygen for medical purposes.