EU imposes multi-million-dollar fine on Google

The European Union imposed a €2.9 billion fine on the US technology company. The charges against Google include violating regional competition rules and favoring its own digital advertising services. "The European Commission also ordered…

The Fed could lower rates in September

U.S. Federal Reserve Chairman Jerome Powell said in his Jackson Hole speech this week that rates could be lowered in mid-September if the August inflation rate doesn't rebound. The news came amid President Donald Trump's pressure on the…

Panama resumes consular services in Venezuela

Through its Instagram account, the Panamanian government published a statement informing the Panamanian community in Venezuela and the public of the resumption of its consular. Customer service will be Monday through Thursday, from 8:00…

IMF closes its office in Costa Rica

The evolution of the relationship between Costa Rica and the International Monetary Fund is believed to be the main reason for the closure of the agency's office in that country. Speculation regarding the closure of the facilities has not…

ECB accelerates development of the digital euro

Transforming euro banknotes into digital format is not a new idea. However, there are currently compelling reasons that are leading the European Central Bank (ECB) to accelerate the process toward a solution that safeguards the region's…