Consumers have official channels of the National Superintendency for the Defense of Socioeconomic Rights (Sundde) throughout Venezuela to report charges in businesses that do not comply with the official dollar exchange rate published by the Central Bank.
The citizen service channels are both in…
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Norway considers suspending crypto mining due to high power consumption
The high power consumption of cryptocurrency mining in Norway has led the government to consider a temporary ban on the activity.
Due to the impact of crypto mining on the energy sector, the government will start an extensive investigation…
Bancamiga’s total deposits increased by 214.41 %
Providing innovative services and products is one of the drivers of Bancamiga's growth, and which enabled it to increase its total deposits by 214.41 % in May 2025 compared to the same period in 2024.
This increase allowed Bancamiga to…
Microsoft to lay off more staff to refocus AI investment
Microsoft will implement another staff reduction, equivalent to an average of 3 % of the workforce. It will also restructure various areas to reduce costs.
The tech giant is investing heavily in artificial intelligence, putting pressure on…
The Fed decided to keep interest rates steady in anticipation of a spike in inflation
Interest rates will remain in the 4.25 % to 4.5 % range for the coming months, Federal Reserve Chairman Jerome Powell announced last week.
The decision was made on Wednesday, June 18, in anticipation of a possible spike in inflation for…
Banks will be closed on Monday, June 23rd and Tuesday, June 24th
Bank branches in Venezuela will not provide teller service on Monday, June 23rd and Tuesday, June 24th, due to the Corpus Christi religious holiday and the Battle of Carabobo national holiday, respectively.
According to the Superintendency…
China’s industrial sector reported expansion in May
Reports for May in China's industrial sector indicate sustained growth, driven by innovation. According to data for last month, "China's value-added industrial output grew 5.8 percent year-on-year."
In the manufacturing sector, value-added…
Brazil keeps economic growth
Brazil, Latin America's largest economy, maintained its economic growth of 0.4 % during April, leveraged by the services sector.
However, the growth rate slowed to 0.2 % according to Central Bank reports and IMF projections.
The BCB…
Results of negotiations between Ecuador and the US on tariffs will be revealed on July 1
Ecuador and the United States will hold the third round of negotiations on the 10 % tariff on Ecuador's exports on June 28. According to Ecuadorian Vice Minister of Foreign Trade, Andrés Robalino, the results will be announced on July 1.…
Tension in the Middle East causes rising of oil prices
Conflicts in the Middle East have always influenced oil prices. The current crisis in the region is no exception, and the increase in the price of a barrel of crude oil has a positive impact on the Venezuelan economy.
Expert opinions…
Meta AI App on Instagram fails and exposes private chats
A flaw in the Meta AI app on Instagram left dozens of private conversations exposed in the feed without users' consent.
The issue affects users once they log into Instagram, interact with the chatbot, and use the "share" button next to the…
Ecuador has detected $600 million in money laundering in 2025
The director of Ecuador's Financial and Economic Analysis Unit (UAFE), José Neira, stated this Wednesday that the agency has detected approximately $600 million in alleged money laundering cases so far this year.
According to Neira, "these…