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 region is the CryptoMKT platform, which, like most others,…
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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.…
Sundde provides consumer complaint channels
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…
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.…