Mercosur representatives held a meeting in Buenos Aires, Argentina, on Thursday, July 3, and signed an agreement with the European Free Trade Association (EFTA) as a further step toward signing the Free Trade Agreement with the European Union.
During last week's meeting, the agreement was signed…
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OPEC+ to increase crude oil production to 548,000 barrels per day
Crude oil pumping will increase to 548,000 barrels per day starting August 1, according to a decision by OPEC+.
The measure was agreed upon by 22 members of the Saudi-led organization through a virtual meeting last Saturday, July 5.
In an…
Spain agrees on debt conversion program with Cuba
Spain agreed with Cuba on a medium- and long-term Debt Conversion Program of up to €375 million, which will focus on economic growth, as well as social development, investment, and debt relief.
Cuban Minister of Economy, Trade, and…
Nvidia regains its place as the world’s most valuable company
At the end of June, semiconductor company Nvidia managed to position itself above Microsoft, thus regaining its place as the world's most valuable company.
Investor confidence regarding Nvidia's progress in the artificial intelligence…
Venezuela produces 16,000 tons of cocoa annually
Recent data from the National Association of Cocoa Producers places Venezuela's production at 16,000 tons annually, of which the country allocates 50 % for export and the remainder to the domestic industry.
The president of Asoprocave,…
Pension payments remain a challenge for EU countries
When they reach retirement age, workers become dependent on the income represented by their pension. In the European Union countries, the highest allowance is in Luxembourg, where retirees receive €31,385. The lowest is in Bulgaria, where…
Brazil reduced its fiscal deficit to 7.56 % of GDP in May
In May, Brazil's fiscal deficit narrowed to 7.56 % of accumulated Gross Domestic Product over the last 12 months, according to the Central Bank's report released Monday.
"In May alone, the consolidated nominal public sector deficit of…
Social network X loses users in Spain
The consequences of Elon Musk's political games in the United States are evident in the loss of users on its social network X, particularly in Spain, with 36 % fewer subscribers.
Analysts speak of a decline for X in Spain, "registering a…
Paraguay decreed a 3.6 % increase in the minimum wage
On Friday, June 27, the president of Paraguay, Santiago Peña, signed the decree corresponding to the 3.6 % increase in the country's minimum wage.
"In this way, workers' compensation is adjusted by 100,739 guaraníes, increasing the current…
Cryptocurrencies are the option for migrant remittances
Migrants who are unbanked in their host country in Latin America due to lack of residence permits and other irregularities have found in cryptocurrencies a way to send remittances to their loved ones without restrictions.
An ally in the…
World Bank warns of rising extreme poverty in conflict-affected economies
A recent World Bank assessment reveals an alarming increase in extreme poverty in the 39 economies worldwide affected by conflict and instability. This situation has led to institutional fragility for decades, causing "social and economic…
Ecuadorian cocoa is positioned above Ghana and the Ivory Coast in the market
In Ecuador, cocoa producers are considered the new rich of the agricultural sector given the shift in their position in the global market, displacing leaders such as Ghana and the Ivory Coast, where crops are affected by pests and drought.…