The United States government is reportedly considering restrictions or even banning the import of Chinese drones and heavy-duty vehicles due to national security concerns.
The Trump administration previously launched a crackdown on cars and trucks, citing national security concerns. Now, the…
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Cryptocurrencies are an alternative to the lack of foreign currency in Venezuela
Cryptocurrencies, especially tether (USDT), have become an alternative for the private sector in Venezuela given the low availability of dollars.
In this sense, the private sector uses tether for transactions through authorized banks that…
Conindustria presented a plan for industrial competitiveness in Venezuela
The Venezuelan government received from the president of the Venezuelan Confederation of Industrialists (Conindustria), Tito López, an eight-line action plan aimed at the country's reintegration into global trade.
According to López, "the…
Effects of the Fed’s decisions in Latin America
The decisions of the US Federal Reserve (Fed) exert a direct influence on the monetary sector of Latin American countries.
If the organization maintains or lowers interest rates, Latin American stock markets react in different ways, but…
OPEC+ agreed to increase production to 137,000 barrels per day in October
Starting next October, the Organization of the Petroleum Exporting Countries (OPEC+) will increase production to 137,000 barrels per day, according to eight members at a virtual meeting last Sunday, September 7.
Thus, Saudi Arabia, Russia,…
Bancamiga promotes more entrepreneurs in Valencia and Caracas at its forums
Bancamiga reaffirmed its commitment to the country's economic development by training more than 400 entrepreneurs from Valencia and Caracas with the "Keys to Entrepreneurship in Venezuela" forums, which offer essential tools and strategic…
BRICS reject US tariff policy
The BRICS countries made public their rejection of US tariff policies during their recent virtual summit.
The meeting was convened by Brazilian President Luiz Inácio Lula da Silva and was held via videoconference by the group of emerging…
Venezuela signs alliance for salt exploitation in the eastern part of the country
A strategic alliance between the government of the state of Sucre, in the eastern part of Venezuela, and the International Center for Productive Investment (CIIP) will allow international investment for the exploitation of the Araya salt…
UNDP forecasts 5.8 % economic growth for the Venezuelan economy
According to forecasts from the United Nations Development Programme (UNDP) office in Venezuela, the South American country's economy could grow by 5.8 %. Of that total, the oil sector is expected to grow by 13 % and non-oil activity by 3.4…
Brazil formalizes its application for IEA membership
Brazil has formalized its application to become a member of the International Energy Agency (IEA), an organization that "brings together the major energy consumers of the developed world," the OECD-affiliated body announced.
According to…
Venezuela and Turkey to open direct maritime trade route
The direct maritime trade route between Venezuela and Turkey will be inaugurated on September 15th, according to the president of the Venezuelan-Turkish Business Chamber, Hayri Kucukyavuz, this week.
The route will seek to increase the…
Major Japanese bank to launch its own digital currency in 2026
Japan Post Bank, one of Japan's largest banks, announced that it will launch its own digital currency, DCJPY, in fiscal year 2026, pegged to customer deposits and at a 1-to-1 ratio with the yen.
With this move, the bank "will seek to…