https://en.mercopress.com/ South Atlantic News Agency en Copyright 2026, MercoPress. https://en.mercopress.com/web/img/en/mercopress-logo.gif http://en.mercopress.com/ Argentina's state oil company YPF plans to begin exploratory drilling of an offshore block off the coast of Uruguay between late 2027 and early 2028, its chairman and chief executive, Horacio Marín, confirmed, saying the area holds potential that, if confirmed, could surpass the Vaca Muerta unconventional field.

]]> Thu, 09 Jul 2026 16:52:00 GMT Talks are continuing over a potential Falkland Islands business delegation to Uruguay later this year. Organized by Falkland Islands Development Corporation and the Chamber of Commerce, the visit would connect Falklands businesses with Uruguayan suppliers. The issue was discussed with Sam Cockwell, Strategic Projects Manager at the Falklands Development Corporation, FIDC

]]> Thu, 09 Jul 2026 16:23:00 GMT The UK and the Netherlands have agreed a £2.4bn joint procurement program to acquire eight next-generation amphibious transport ships. Under the new maritime partnership the vessels will be built in the UK to a Dutch design, with four ships entering service with each nation.

]]> Wed, 08 Jul 2026 21:19:00 GMT Uruguay enjoys a "positive discrimination" relative to other economies for its institutional solidity, respect for agreements and political maturity, but its economic growth has been low over the past decade and its potential GDP —now at 2.1%— is declining. That was the assessment of economists from BBVA Research, one of Europe's largest banks, at the "Situación Uruguay" webinar, where they said the country's main challenge is to boost investment and raise productivity.

]]> Wed, 17 Jun 2026 08:27:00 GMT Technology magnate Elon Musk became the world's first trillionaire on Friday, after his aerospace company SpaceX made its stock-market debut. Following the IPO, which raised a record roughly $75 billion and valued the company at about $1.77 trillion, the net worth of the owner of Tesla, the social network X and Neuralink stood at around $1.1 trillion.

]]> Sat, 13 Jun 2026 19:09:00 GMT Falkland Islands Government Air Service, FIGAS, Britten-Norman has confirmed that the first new Islander to be produced through its fully reshored UK production line has reached 75% completion at the company’s Bembridge facility on the Isle of Wight, with final assembly scheduled in the coming weeks.

]]> Tue, 09 Jun 2026 23:38:00 GMT More than fifty institutions and cultural centers located around Santiago's main avenue agreed on Tuesday to expand their cooperation and coordinate their programming to turn that historic thoroughfare into a cultural hub, similar to those in other capitals such as Buenos Aires or Madrid. Museums, theaters, libraries, cinemas and universities created the Red Alameda Cultural, a platform on which they will publish all their activities to enliven the corridor and offer citizens a complete cultural experience.

]]> Tue, 09 Jun 2026 19:23:00 GMT Venezuela's National Assembly gave initial approval to a reform of the electricity law that opens the sector to private investment through long-term concessions, in an effort to reverse the collapse of a service battered by blackouts for two decades. The measure ends the monopoly held for more than 15 years by the state-owned National Electric Corporation (Corpoelec), though it still requires a second debate and final ratification in the coming days.

]]> Thu, 04 Jun 2026 15:28:00 GMT The Uruguayan government will this week present a formal offer to the United Kingdom's embassy for the acquisition of three used offshore patrol vessels belonging to the British Royal Navy, for an approximate amount of 60 million euros, as announced by the Deputy Secretary of the Presidency, Jorge Díaz. The operation, structured as a direct state-to-state purchase, fits within the administration of President Yamandú Orsi's search to replace the contract terminated with the Spanish shipyard Cardama, in parallel with the hardening of accusations from the Uruguayan executive against the Vigo-based company over the use of public funds transferred.

]]> Mon, 01 Jun 2026 05:17:00 GMT Major US, European, and Japanese automakers are undergoing a process of strategic repositioning in the face of the accelerated rise of Chinese manufacturers, which have consolidated their leadership in electric vehicles, batteries, industrial design, and software development, according to an investigation published this week by the BBC on the occasion of Auto China 2026, the world's largest motor show. The transformation is reflected in the public acknowledgment from executives themselves: the president of Honda, Toshihiro Mibe, said after visiting a highly automated plant in Shanghai that his company has "no chance against this," while Ford CEO Jim Farley warned that Western carmakers are "in a fight for our lives."

]]> Fri, 29 May 2026 07:00:00 GMT