U.S. Federal Reserve Chairman Jerome Powell said in his Jackson Hole speech this week that rates could be lowered in mid-September if the August inflation rate doesn't rebound.
The news came amid President Donald Trump's pressure on the central bank, in addition to the order to fire Fed Governor…
Read More...
Panama resumes consular services in Venezuela
Through its Instagram account, the Panamanian government published a statement informing the Panamanian community in Venezuela and the public of the resumption of its consular. Customer service will be Monday through Thursday, from 8:00…
Maduro forecasts 9 % economic growth in the last four months of the year
Venezuela's economic growth could reach 9 % for the last four months of 2025, according to the president of the South American country, Nicolás Maduro.
The president asserted that Venezuela "has the perfect economic plan to confront any…
Germany faces economic contraction
According to data from the Federal Statistical Office (Destatis), the German economy contracted during the second quarter of 2025, reflected in a 0.3 % drop in Gross Domestic Product.
Among the causes of this contraction are the turbulence…
IMF closes its office in Costa Rica
The evolution of the relationship between Costa Rica and the International Monetary Fund is believed to be the main reason for the closure of the agency's office in that country.
Speculation regarding the closure of the facilities has not…
Venezuela’s economic sectors continue to grow
"All the country's productive sectors are growing." This was emphasized by Venezuela's Vice President, Delcy Rodríguez, during her speech at the recent National Economic Council.
The official noted that there are three major national…
Citgo share auction deadline extended to Friday, August 29
The Citgo case could be about to be decided after the Delaware court set the deadline for the share auction for this Friday, August 29. The court also set the final hearing for September.
In this regard, US judicial official Robert Pincus…
Elon Musk announces Grok 2.5 model open source
Mogul Elon Musk, owner of Tesla, SpaceX, and the social network X, revealed that his xAI platform has made the Grok 2.5 model public domain, and that Grok 3 is expected to become public domain in about six months.
“According to xAI, the…
Ecopetrol assumes offshore projects following Shell’s withdrawal from Colombia
The withdrawal of Shell's branch in Colombia, EP Offshore Ventures Limited, leaves Ecopetrol with full control of the COL-5, Purple Angel, and Fuerte Sur offshore contracts in the Colombian Caribbean Sea.
Although Shell's withdrawal from…
Intel sells 10 % of its shares to the US government
Intel CEO Lip-Bu Tan announced the sale of 10 % of its shares to the US government, representing an investment of $8.9 billion.
Last week, President Donald Trump stated at a press conference that Intel, the semiconductor manufacturer,…
Bancamiga reaffirms its leadership with strong expansion in loans, deposits, and profitability
Bancamiga's second half of 2025 begins with exceptional results, which have allowed it to reaffirm its strength in terms of loans, deposits, and profitability.
After closing the January-June period of this year with 192.58 % increases in…
FVF and Jagi Caps presented an exclusive line of Vinotinto caps
The Venezuelan Football Federation (FVF) and the international cap brand Jagi Caps formalized a commercial partnership that reaffirms the FVF's commitment to strengthening fans' sense of belonging to La Vinotinto.
As part of this…