Author: Talgas

MONTEVIDEO, Uruguay: Saudi Investment Minister Khalid Al-Falih led a 60-member delegation that took part in an investment forum in Uruguay’s capital Montevideo on Thursday. It was the third high-level Saudi visit in 18 months, including one in May by Foreign Affairs Minister Adel Al-Jubeir. Uruguayan authorities and business leaders are confident that the country can serve as Saudi Arabia’s point of entry for South America. “Uruguay offers economic, legal and social stability for companies looking to do business and invest here,” Alfredo Ferrari, investment manager of the country’s promotion agency Uruguay XXI, told Arab News on the sidelines of the…

Buenos Aires – There were a lot of thumbs-up signs from Argentine Economy Minister Sergio Massa on a recent trip to Beijing. The packed agenda for one of the most influential politicians in Argentina was another sign of the times. Massa, who recently announced his bid for president in this year’s election, met with a wide slate of government and business leaders, securing $3.05bn from Chinese institutions to finance railways, power lines, lithium projects and renewable energy in Argentina. He also made inroads in bolstering Argentine exports like poultry and corn to help feed a growing Chinese middle class. But perhaps…

Brazil’s Supreme Electoral Court has voted 5-2 to bar ex-president Jair Bolsonaro from running for office for eight years. Mr Bolsonaro was found guilty of abusing his power ahead of last year’s presidential poll. He had been accused of undermining Brazilian democracy by falsely claiming that the electronic ballots used were vulnerable to hacking and fraud. Mr Bolsonaro’s lawyers are expected to appeal against the verdict. They have argued that his statements had no bearing on the election result. The ban is backdated to 2 October 2022, when the presidential election took place. If the verdict is allowed to stand,…

Argentina’s lithium exports have surged 234% in 2022 when compared with year before reaching a 10-year high. The government announced the increase on Tuesday as the country’s mining exports hit $3.86bn, according the economy ministry. Demand for the metal, which is used in electric vehicles, battery and solar panel production has increased dramatically in the previous years. According to the International Lithium Association, demand is set to increase six-fold between 2021 and 2040, due to growing interest these technologies. According to the World Bank the production of minerals associated with clean energy developments could increase by as much as 500% between 2020 and 2050. Lithium accounted…

Laureus Awards 2023: Tennis legend Rafael Nadal has taken his admiration towards Lionel Messi to a whole new level. Nadal has been nominated for the Laureus Sports Man of the year award. However he feels that fellow nominee Messi truly deserves the honour following his World Cup triumph last year. Along with Nadal and Messi other big names like Kylian Mbappe, Max Verstappen, Stephen Curry, and Mondo Duplantis have all been nominated for the award following their outstanding performance in 2022. The Laureus World Sportsman of the Year Award is a honor that is awarded every year to sportsmen for…

Issued on: 15/02/2023 – 02:44Modified: 15/02/2023 – 02:42 Washington (AFP) – The move was bold and intended to be decisive. The United States, joined by most of its allies, recognized Venezuela’s opposition leader as interim president and launched an all-out push to remove leftist Nicolas Maduro. Four years later, Maduro remains in power and, symbolizing the policy’s failure, the self-styled government backed by Washington has dissolved itself. The United States says it still views Maduro as illegitimate but even his ardent opponents acknowledge that the tide has turned. In interviews with AFP, current and former policymakers saw miscalculations under former president Donald Trump…

Guyana has called on Venezuela to respect the Geneva Agreement, which set the international border between both countries. Last Friday marked 57 years since the agreement was signed. The International Court of Justice (ICJ) heard oral hearings from Guyana and Venezuela in mid-November last year. Guyana called Venezuela’s claims that the agreement is ‘null and void’ “baseless” in a statement issued by the Ministry of Foreign Affairs. The disputed territory is known as the Guayana Esequiba region in Venezuela and it encompasses a land area that is more than half of Guyana’s territory. The region is resource rich with deposits…

The United States is on track to receive nearly 3 million barrels of crude oil from Venezuela this month, according to shipping documents seen by Reuters. Chevron is on track to ship 100,000 barrels of Venezuelan crude oil per day into the United States as part of a license it received from the U.S. Treasury Department that gives it a limited pass to move sanctioned oil, after a three-year ban. Since obtaining its license, Chevron has exported Venezuelan crude oil for use in its Pascagoula, Mississippi, refinery, and has sold some to Phillips 66 and Valero Energy, shipping documents show—both…

Still present in the continental team in January during the Hero Cup, the Belgian Thomas Pieters has, according to The Telegraph , decided to join LIV Golf. It’s a real blow for the European Ryder Cup team led by captain Luke Donald!  Unless there is a favorable decision in the dispute between the DP World Tour and the players who joined LIV Golf – a verdict that everyone in professional golf is eagerly awaiting and which should decide the future of the “rebels” within the European tour – we shouldn’t see Thomas Pieters again anywhere else than on the LIV Golf. According to The Telegraph , the Belgian, aged 31, would have…

Belgian pro golfer Thomas Pieters is set to make his debut in the LIV Golf League by featuring in an upcoming tournament in Mexico. Pieters has seemingly given up his position in the Ryder Cup for this series. The 31-year-old has seemingly been in the sights of LIV Golf as the latter has been striving to add significant players to its line-up and boost its credentials. The announcement was made on 18 February, on Twitter by NUCLR GOLF, leaving fans feeling ambivalent about the deal. The two-time PGA Championship winner will certainly be a commendable addition to the LIV series.…