OPEC+ implements new moderate production increase

The energy ministers of Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman approved increasing crude oil production to 188,000 barrels per day starting in August. This is the organization's fifth consecutive increase, amid…

EU mandates driver monitoring cameras in new cars

A new regulation that came into effect in the European Union on Tuesday, July 7, mandates the installation of a driver monitoring infrared camera in all new cars and light commercial vehicles registered in the 27 member states. Although…

Earthquake victims to receive aid for six months

The Venezuelan government indicated that economic aid will be allocated to those affected by the earthquakes for six months. Likewise, the Executive Branch approved a decree for “the start of a subsidy plan of up to 80% on the mortgage…

The yen fell to its lowest level in 40 years

The Japanese yen fell to a 40-year low on Tuesday, June 30, leaving authorities on high alert given this setback against the US dollar. "Experts believe that government action will not reverse the currency's trend," but intervention is not…