Aruba’s Prime Minister, Mike Eman, indicated last week that the border with Venezuela will reopen on August 1, although precautions remain in place due to the ongoing seismic emergency.

“The initial plan envisions one flight per week,” Eman stated. He also emphasized that “the restoration of connections will be implemented in phases and will initially consist of one flight per week.”

Meanwhile, Venezuela continues to assess the structural damage from the recent earthquakes to determine if operational conditions are suitable for August.

Regarding the signing of agreements for the reopening of the border, the Prime Minister indicated that his country wants to coordinate actions between the Aruban Department of Aviation and Venezuelan authorities in the aviation sector.

The signing of a memorandum of understanding is planned to coordinate all aspects related to the border reopening. Furthermore, a bipartisan technical commission will advance the logistical preparations, reiterating the island’s full willingness to collaborate expeditiously. “If progress can be made and assistance provided in any way, whether by facilitating family contact or through other forms of support, the Government is open to it,” said the Prime Minister of Aruba.

M.Pino

Source: elnacional

(Reference image source: Jamie Tudor on Unsplash)

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Crude oil pumping will increase to 548,000 barrels per day starting August 1, according to a decision by OPEC+.

The measure was agreed upon by 22 members of the Saudi-led organization through a virtual meeting last Saturday, July 5.

In an official statement, OPEC+ announced the increase in crude oil production to 548,000 barrels per day, “a volume 137,000 bpd higher than the previous three months and what was expected in the markets.”

OPEC+ has dismissed criticism of the measure and justifies opening the taps to increased production by expressing optimism regarding supply and demand in the coming months.

M.Pino

Source: primicia

(Reference image: Gerhard Crous en Unsplash)

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This Thursday, August 1, the AI ​​Law came into force in the European Union. There will be an adaptation period for companies until August 2026 and fines of up to 7% of annual turnover are expected for non-compliance.

The law, which was announced last June, came into effect this Thursday, establishing regulations for everything related to AI in the region. It is stipulated that in a period of six months, “starting on February 2, 2025, the general provisions and prohibitions of unacceptable risk must be complied with.”

On the other hand, in nine months, starting on May 2 of next year, the codes of good practices must be complied with; and in 12 months, starting August 2, 2025, “the general rules must be complied with, and the different countries must have updated their rules regarding sanctions and fines.”

In accordance with these guidelines, from 2025 the legislation would be ready to apply the corresponding fines to companies that do not comply with these regulations.

It is important to clarify that a longer time frame will be given for high-risk systems, the concept referring to “AI systems that may have a considerable detrimental effect on the health, safety and fundamental rights of people.” In this case, a period of 36 months will be granted to comply with the law. So it will be from August 2027 when “these AI models will be forced to document all of their operation and be totally transparent about how they work.”

Regarding fines, there is talk of 7 % of the annual turnover with the intervention of the European Office of Artificial Intelligence, in charge of enforcing the law, “preparing reports, updating requirements and providing support to companies to be able to adapt correctly.”

M.Pino

Source: xataka

(Reference image source: Unsplash+, in collaboration with Getty Images)

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