The US already produces 40% more oil than Saudi Arabia, and the gap continues to widen. This situation, which seemed unimaginable less than 10 years ago, has become a reality thanks to the success of fracking (hydraulic fracturing) and shale oil (shale oil) in the United States. The American nation…
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Venezuela’s credit portfolio continues to grow
In January 2024, the credit portfolio of Venezuelan banks experienced a slowdown in its growth. However, it maintained a significant upward trend, with expansions of 3.5 % compared to December and an impressive 215.5 % year-on-year,…
Maduro met with Russian Foreign Minister Sergei Lavrov in Caracas
The president of Venezuela, Nicolás Maduro, held a meeting this Tuesday at the Miraflores Palace, in Caracas, with the Russian Foreign Minister Sergei Lavrov, to analyze issues of interest to both governments.
Strategic cooperation between…
The European Union removed several territories from its list of tax havens
The European Union (EU) took the decision to remove the Bahamas, Belize, Seychelles and the Turks and Caicos Islands from its list of tax havens. However, Panama remains on that list. This measure has been the subject of controversy and has…
Quote of the BCV dollar for this Tuesday, February 20
The Central Bank of Venezuela publishes the price of the official dollar in the country for this Tuesday, February 20, placing it at 36.29 bolivars.
The exchange rate for purchase and sale operations in the country is set by the BCV at the…
MetaMask extended its security alerts to multiple blockchains
The well-known self-custody cryptocurrency wallet MetaMask, based on Ethereum, announced a major update to its security features. From now on, default security alerts will be extended to users of web extensions and mobile apps across…
Honduras prohibits banks from operating with cryptocurrencies
The regulatory authorities of Honduras prohibited, through a resolution, the operations, investments and possession of cryptocurrencies by the country's banks and financial entities.
According to the National Banking and Securities…
Brussels opens investigation into TikTok over child protection
This Monday, it was learned that the European Commission opened an investigation into TikTok to verify that it complies with the rules for the protection of minors and transparency in content moderation.
In September 2023, the Community…
Microsoft will boost AI in Spain
Microsoft has ambitious plans to boost the development of Artificial Intelligence (AI) in Spain. According to Brad Smith, president of Microsoft, the company will invest 1.95 billion euros in this effort during the years 2024 and 2025.
The…
Price of the BCV dollar this Monday, February 19
This Monday, February 19, the official dollar closes at 36.23 bolivars, according to the publication of the Central Bank of Venezuela.
Venezuelan banking is subject to the parity between the dollar and the bolivar established by the BCV…
BRICS countries analyze transition to digital currencies
The countries that make up the BRICS have discussed in their most recent meeting the use of digital currencies, as another alternative to dependence on the dollar.
Brazil, Russia, India, China and South Africa are the emerging economies…
AN forms a commission for consultation and discussion of the electoral issue
The National Assembly of Venezuela announced the creation of a commission to discuss issues related to the elections that will take place this year. Members of political parties participate.
The president of the AN, Jorge Rodríguez, led…