Investments

• 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.

• 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.