Investments

• Monday, January 25th 2021 - 08:15 UTC

  Global FDI collapsed in 2020, down 37% for Latin America, and 2021 does not look much better, UNCTAD

  

  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.

• Wednesday, January 20th 2021 - 01:27 UTC

  IMF: Uruguay advances important reforms amid the pandemic

  

  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.

• Tuesday, January 19th 2021 - 09:27 UTC

  With Trump leaving, Brazil backtracks in its opposition to Huawei's 5G bid

  

  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.

• Tuesday, January 19th 2021 - 09:07 UTC

  Icebreaker HMS Protector is back to sea after £14m revamp

  

  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.

• Monday, January 18th 2021 - 08:23 UTC

  China expects to launch its third and largest carrier this year

  

  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.

• Saturday, January 16th 2021 - 08:38 UTC

  Falklands compensates farmers for mutton not processed during the current season

  

  The suppliers of the Falkland Islands Meat Company (FIMCo) will be eligible for assistance through an FIG scheme, it was announced through a press statement on January 7. The support is in the form of £10 of compensation from FIG per head of mutton which cannot be processed by FIMCo, but does not make payments for cull sheep.

• Thursday, January 14th 2021 - 09:54 UTC

  Uruguay signs contract to resume offshore seismic surveying for oil and gas

  

  Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.

• Wednesday, January 13th 2021 - 09:33 UTC

  Premier Oil becomes Harbor Energy; merges with Chrysaor to make North Sea's largest oil and gas producer

  

  Premier Oil announced on Tuesday that shareholders voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea’s biggest oil and gas producer in which Premier shareholders will hold about 5.5%.

• Tuesday, January 12th 2021 - 08:56 UTC

  Ford after a century in Brazil, closes its three factories with a loss of 5,000 jobs

  

  Carmaker Ford said on Monday losses exacerbated by the coronavirus epidemic and fiscal uncertainties would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.

• Monday, January 11th 2021 - 09:54 UTC

  Portugal wants quick ratification of EU/Mercosur deal, but there are many objections

  

  Portugal which last week took the rotating presidency of the European Union for six months as of January 1st, said that it will try to conclude the bloc’s free trade agreement with Mercosur, agreed in 2019 after two decades of negotiations that have not yet been finalized.