The growth of the industrial sector in Venezuela during the first quarter of 2025 was 8.2 %, according to the Venezuelan Confederation of Industrialists (Conindustria) in its recent Industrial Situation Survey (ECI).
Luigi Pisella, president of Conindustria, attributed the positive performance to…
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The United States and Saudi Arabia sign the largest defense and trade agreement
At the start of his first international tour, the US president Donald Trump signed the largest defense trade deal with Saudi Arabia, worth €127 billion.
The president arrived in Riyadh on Tuesday, May 13, to establish agreements in…
Colombia signs agreement to join the Silk Road
During his recent official visit to the People's Republic of China, Colombian President Gustavo Petro affirmed that the South American nation would join the Belt and Road Initiative, known as the Silk Road, a decision that became a reality…
Drop in dollar payments worries the retail sector
Payments in dollars, the US currency, have declined alarmingly during the first months of 2025, according to the retail sector in Venezuela.
The sector has pointed out that "the use of US dollars as a payment method in retail stores has…
United States and China pause reciprocal tariffs for 90 days
The governments of China and the United States announced an agreement on Monday to pause the application of reciprocal tariffs for 90 days, following a meeting in Geneva over the weekend.
Under this agreement, Beijing will reduce tariffs…
Russia supports Venezuela in its intention to join the BRICS
The Russian Federation and the Bolivarian Republic signed an agreement on strategic partnership and cooperation. In the document, published on the Kremlin website, Russia supports Venezuela in its intention to join the BRICS.
"Russia…
India and the United Kingdom signed a free trade agreement
India and the United Kingdom reached a free trade agreement that will allow the two nations to reduce import tariffs on certain goods and products.
According to Indian Prime Minister Narendra Modi, the agreement has been under negotiation…
Venezuela and Iraq agreed to strengthen agricultural and trade cooperation
In a recent meeting between the Venezuelan ambassador to Iraq, Arturo Aníbal Gallegos, and the Iraqi Minister of Agriculture, Abbas Jabr Al-Maliki, a memorandum of understanding was signed to strengthen trade cooperation between the two…
Venezuela’s April inflation reached 18.4 %
Recent data from the Venezuelan Finance Observatory (OVF) show that Venezuela's inflation in April reached 18.4 %, 5.3 points higher than in March.
According to the OVF, "the food basket reached a value of $ 409, reaching its highest level…
Can energy consumption be reduced?
Reducing the electricity bill seems to be the main goal of consumers, both at the household and business levels. Achieving this goal requires sustainable and efficient measures that have an impact on environmental conservation.
The…
Bitcoin mining with sustainable energy surpasses 52.4 %
A recent study by the Cambridge Centre for Alternative Finance (CCAF) at the Cambridge Judge Business School estimates the growth in the use of sustainable energy for Bitcoin mining at 52.4 %.
To compile this report, the CCAF "included 49…
Spain will experience accelerated economic growth until 2030
The International Monetary Fund's economic growth forecasts for Spain are expected to be higher than those for the Eurozone until 2030, thanks to positive deficit and debt forecasts.
In its World Economic Outlook report, the IMF predicts…