The technology company Oracle has cut 21,000 jobs as a result of the adoption of artificial intelligence in its business model, and warns that the layoffs could continue.
According to the firm, the impact of AI on its workforce has been significant. It also mentions that "at the close of its last…
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Argentina secures $5 billion in new international loans
On Monday, June 22, Argentine President Javier Milei authorized the Treasury to acquire $5 billion in new debt under partial guarantee schemes provided by multilateral organizations.
While the resolution does not specify the lenders…
Oil export revenues from Venezuela reach $5.491 billion in the first quarter
Data published by the Central Bank of Venezuela this Monday, June 22, reflects that Venezuelan oil exports reached $5.491 billion during the first quarter of the year.
This figure represents a 21 % increase compared to the same period in…
Cuba approves the largest package of reforms in nearly two decades
Cuban President Miguel Díaz-Canel announced the largest package of reforms across several key sectors of Cuba in the last 15 years.
Some of the strategic areas covered by the reforms include agriculture, investment, public and private…
Bancamiga’s equity has grown the most in the banking sector over the last year
Bancamiga registered the highest equity growth in the Venezuelan financial system over the last year, a result that allowed it to gain a position in the ranking and consolidate its place among the 10 largest banks in that category at the…
The Fed unanimously decided to keep rates in the 3.50 %–3.75 % range
The US Federal Reserve decided on June 17 to maintain interest rates at 3.50%–3.75%. The decision resulted from a unanimous vote by the FOMC.
According to the FOMC's statement, "productivity and capital investment remain strong, while job…
Experts analyze cyber scams related to the 2026 World Cup: Beware of a digital own goal
Mass-appeal events have become prime targets for global cybercrime. With the 2026 FIFA World Cup approaching, the cybersecurity company ESET Venezuela organized a specialized online event to analyze the main digital threats facing fans.
…
Venezuelan government guarantees 100 % food supply
The Vice Minister of Marketing and Food Production, Francisco Fonseca, recently stated that Venezuela currently has a 100% food supply.
According to the official, supermarket shelves are fully stocked, offering greater availability of…
OFAC issues new licenses for oil, gas, and gold trading in Venezuela
A new set of licenses was announced by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on June 10. The resolutions expand and update the authorizations for energy and mining operations related to the country.…
US inflation rises 4.2 % in May
The United States experienced its largest increase in year-over-year inflation in three years in May, reaching 4.2 %.
According to analysts, "this spike is in line with market expectations, which anticipated the continuation of an upward…
Bancamiga safeguards every transaction: World-Class AI and cybersecurity at the service of…
The speed at which financial fraud evolves no longer allows for reactive strategies. Bancamiga Banco Universal understood this before most: today, every transaction carried out by its more than 1,221,000 clients is backed by an…
Venezuelan crude production grew 3.8 % in May
The Organization of the Petroleum Exporting Countries (OPEC) indicated in a report last week that Venezuelan crude production grew 3.8% in May, reaching 1.17 million barrels per day.
"So far this year, the country's oil production, which…