The Office of Foreign Assets Control (OFAC) issued License No. 58 on Tuesday, May 5, authorizing “all transactions… necessary for the provision of legal, financial, and consulting services… in connection with potential debt restructuring processes,” which includes the state-owned oil company PDVSA.…
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Ecuador to reduce tariffs on Colombian products starting June 1
The Ecuadorian Presidency issued a press release announcing the reduction of tariffs on Colombian products to 75% starting June 1.
The decision was made despite differences between President Daniel Noboa and his Colombian counterpart,…
Pentagon signs agreement with seven leading AI companies
Technology companies SpaceX, OpenAI, Google, Nvidia, Reflection, Microsoft, and Amazon Web Services signed an agreement with the Pentagon for the implementation of AI in classified military systems.
The new element in this agreement is the…
European Parliament to maintain sanctions on Venezuela if there is no progress towards democracy
MEPs voted this Thursday, April 30, on a resolution approving the maintenance of sanctions on Venezuela if there is no evidence of a democratic system in the country.
The vote was 507 in favor, 31 against, and 35 abstentions. In this way,…
PDVSA signs agreement with Italian company Eni to increase gas production
The Venezuelan state oil company Petróleos de Venezuela (PDVSA) and the Italian company Eni signed an agreement on Tuesday, April 28, to increase gas production, amid the opening of the energy sector following the easing of US sanctions…
Venezuelan government announces salary increase
Venezuela's interim president, Delcy Rodríguez, announced a minimum wage increase to $240 for both the public and private sectors.
She also announced an increase in the monthly pension payment, which will now be $70.…
The United Arab Emirates will leave OPEC
The United Arab Emirates (UAE) announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) as a result of the destabilization caused by the Iran-Contra conflict and its consequences in the Strait of Hormuz.…
EU to establish new rules for imports of Venezuelan cocoa and coffee
The New Deforestation Rules are scheduled to come into effect on December 31 of this year for large Venezuelan cocoa and coffee producers.
This was stated by María Madrid, International Relations Officer at the European Commission's…
John Barrett arrives in Caracas for a new phase of negotiations
The new U.S. Chargé d'Affaires in Venezuela, John Barrett, arrived in Caracas last Thursday, April 23, to assume his duties following the departure of Laura Dogu.
Upon arriving in Venezuela, the diplomat reaffirmed his commitment to…
Hearings in the territorial dispute between Guyana and Venezuela to begin on May 4
The hearings in the territorial dispute between Guyana and Venezuela will begin on May 4 in The Hague, as announced by Guyana's Attorney General, Mohabir Anil Nandlall.
The official explained that "the International Court of Justice will…
Donald Trump wants to make the United States the cryptocurrency capital
The United States could become the cryptocurrency capital if the executive order recently signed by Donald Trump moves forward successfully, with the help of David Sacks, an expert in AI and crypto assets.
In a statement, the White House…
The 5th Social Dialogue Forum will be held in Caracas on April 28 and 29
The city of Caracas will host the 5th Social Dialogue Forum, which will take place on April 28 and 29, with the participation of representatives from the International Labour Organization, trade unions and other professional organizations,…