Venezuela's National Electric System (SEN) is experiencing a new crisis due to increased domestic consumption. Engineer Elías Matta proposes the recovery and reactivation of inactive power plants as a way to resolve the blackouts.
The energy specialist "presented a technical analysis demonstrating…
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Venezuela’s economic growth expected to exceed 10 % by the end of 2026
The president of the National Council of Commerce and Services (Consecomercio), José Gregorio Rodríguez, indicated that Venezuela's economic growth could exceed 10% by the end of 2026.
Regarding the commercial sector, the president of the…
Monday, May 18th will be a bank holiday
The Superintendency of Banking Sector Institutions of Venezuela (Sudeban) announced that on Monday, May 18th, public and private sector bank branches will be closed due to the Ascension Day bank holiday.
The public is advised to take…
Fuel shortage hits Ecuador consumers
Ecuador is currently suffering the consequences of the gasoline price increase that went into effect on Tuesday, May 12, leading to fuel shortages and long lines at service stations.
The shortage of premium gasoline and diesel is critic, a…
Apple signs an agreement with Intel to manufacture chips for future devices
Apple and Intel reached a preliminary agreement, after a year of negotiations, for the manufacture of chips for some Apple devices.
It is not yet known which Apple products would be included in the agreement. However, the announcement…
Venezuela’s oil revenue could exceed 100 %
Various factors in the oil sector, such as increased product and production prices, along with new export conditions, could push revenue this year above 100 %.
This is according to experts from Datanalisis, a local firm, who add that…
United States issues license for Venezuelan debt restructuring
The Office of Foreign Assets Control (OFAC) issued License No. 58 on Tuesday, May 5, authorizing “all transactions… necessary for the provision of legal, financial, and consulting services… in connection with potential debt restructuring…
Approaching El Niño accelerates protection measures in Latin America
The arrival of El Niño, expected in the second half of the year, has already brought high temperatures to some countries, such as Mexico, this week. Climate forecasts indicate that this year this phenomenon could be devastating.
“Its full…
Venezuelan central bank projects single-digit inflation starting in May
The sustained slowdown in the Consumer Price Index (CPI) in Venezuela supports the recent statement by the president of the Central Bank of Venezuela (BCV), Luis Pérez, regarding single-digit inflation starting in May.
The sustained…
April inflation in Venezuela closed at 10 %
Data from the Central Bank of Venezuela on the Consumer Price Index (CPI) at the end of April places the indicator above 10 %, representing a slight decrease in inflation compared to previous months.
The regulatory body placed the…
Ecuador to reduce tariffs on Colombian products starting June 1
The Ecuadorian Presidency issued a press release announcing the reduction of tariffs on Colombian products to 75% starting June 1.
The decision was made despite differences between President Daniel Noboa and his Colombian counterpart,…
Fed leaves rates unchanged
Last week, Jerome Powell chaired the Fed's final meeting, keeping rates between 3.5 % and 3.75 %, before being replaced by Kevin Warsh at the end of the month.
In an official statement, the Federal Reserve indicated that inflation in the…