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/ 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 The Capricorn Bioceanic Corridor, one of the most ambitious infrastructure projects underway in South America, is moving through its final stretch on the border between Paraguay and Brazil, with just twenty-one metres remaining to complete the physical link of the so-called Bioceanic Bridge, according to Paraguayan government authorities cited in late May 2026. The structure, built over the Paraguay River, will connect the cities of Carmelo Peralta, in the department of Alto Paraguay, and Puerto Murtinho, in the Brazilian state of Mato Grosso do Sul, and constitutes one of the central pieces of a logistics corridor that will link the Atlantic Ocean with the Pacific across four South American countries.

]]> Fri, 29 May 2026 06:31:00 GMT The Uruguayan government on Monday signed a memorandum of understanding with the United Kingdom to deepen bilateral dialogue and advance cooperation in the aerospace, infrastructure, and digital innovation sectors, in a new step in the rapprochement between the two countries initiated with the visit of Economy and Finance Minister Gabriel Oddone to London in February. The agreement, valid for at least the next four years, was signed between the Uruguayan Ministry of Economy and Finance and the British Foreign, Commonwealth & Development Office.

]]> Tue, 26 May 2026 23:13:00 GMT Reaffirming the close relationship and collaboration members from the Falkland Islands Development Corporation (FIDC) team led a coalition of Falkland Islands businesses for the inaugural Marketplace Expo during the International Association for Antarctica Tour Operators (IAATO) Annual meeting, which was held in late April, in Annapolis, Maryland, USA.

]]> Thu, 21 May 2026 18:11:00 GMT