Investments

Saturday, January 30th 2021 - 09:09 UTC
Novartis to help Pfizer with manufacturing capacity to boost production

The Swiss drugmaker Novartis has signed an initial agreement to provide manufacturing capacity for Pfizer and Biontech's COVID-19 vaccine, a move aimed at helping boost production as supplies fall shy of demand.
Friday, January 29th 2021 - 08:30 UTC
Falklands new ITQ system, motivates launch of new joint venture, Polar Seafish

Two Falkland Islands companies, Seaview and Seafish, announced the formation of a new joint venture fishing company named Polar Seafish Ltd – a merger of Polar Ltd and Nova Seafish Ltd.
Wednesday, January 27th 2021 - 09:20 UTC
China recovers pre-pandemic growth and is expected to expand 8,1% in 2021 and 5,6% in 2022, IMF

IMF projects China's economy will grow 8.1% in 2021 and 5.6% in 2022. The global growth is expected to be 5.5% in 2021 and 4.2% in 2022 after an estimated 3.5% contraction in 2020, according to the latest World Economic Outlook (WEO) released on Tuesday.
Wednesday, January 27th 2021 - 09:00 UTC
Maersk appoints commercial director for Brazil, Argentina, Uruguay and Paraguay

A.P.Moller-Maersk announced the arrival of Douglas Piagentini as its new commercial director for the East Coast of Latin America made up of Brazil, Argentina, Uruguay, and Paraguay.
Wednesday, January 27th 2021 - 08:55 UTC
Maersk Essen, en route from China to Los Angeles lost 750 containers

At least 750 containers were lost from the ship Maersk Essen during its journey between the Port of Xiamen, in China, and Los Angeles, in the United States. According to the maritime consultancy WK Webster, the incident occurred on January 16 and was allegedly caused by the fact that the ship faced adverse weather conditions during navigation.
Tuesday, January 26th 2021 - 09:40 UTC
Ex Brazilian president Michel Temer contracted as an advisor for Huawei's 5G

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.
Tuesday, January 26th 2021 - 09:27 UTC
ILO: Pandemic in 2020 has caused massive loss of working hours, equivalent to 255 million full time jobs

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.
Tuesday, January 26th 2021 - 09:20 UTC
Argentina's mining output fell 70% in 2020 compared to the previous year

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.
Tuesday, January 26th 2021 - 09:14 UTC
“Buy American”, one of the lessons learnt from the pandemic, Biden underlines

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.
Monday, January 25th 2021 - 08:23 UTC
Bolivia announces new biodiesel production plan

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.