German economy threatened by low Rhine levels

The Rhine has reached its critical level due to the drought, a situation that is having a direct impact on the German economy, as companies are reducing merchant ship traffic on the river. The waterway still accounts for 5 % of freight…

Central Bank of Venezuela updates banking fees

Through Official Gazette No. 46,427, dated July 31, the Central Bank of Venezuela established the new bank fees, effective immediately for all financial institutions in the country. The new fees apply to bank transfers, check issuance,…

Caracas implements reduced working hours

The Caracas mayor's office announced a reduction in working hours, aligning with the energy saving plan announced by acting president Delcy Rodríguez, in order to address the effects of the Super Niño phenomenon. Workers will report to…

Venezuela bans export of construction materials

The Venezuelan government prohibited the export of construction materials through Official Gazette No. 43,409. The measure will be in effect until December 31, 2026, according to Decree No. 5,376. According to the official gazette, the…

Venezuela reduces oil exports to India and Europe

Venezuela reduced its oil exports to India and Europe in June as a result of declining inventories. In June, oil exports reached 1,163,323 barrels per day, "a decrease compared to the level above 1.2 million barrels per day seen in…

Chile’s economy grew 2.4 % in June

In June 2026, the Chilean economy grew by 2.4 %, breaking a five-month streak of decline, according to data released by the Central Bank on Monday, August 3. In 2025, Chile's GDP grew by 2.5 %, with inflation closing at 3.5 %, its lowest…