U.S. crude oil reserves experienced an unexpected decrease of 600,000 barrels, according to a report released last week by the Energy Information Administration.
This development contradicts the projections of experts in the field, who expected an increase of 500,000 barrels during the period from…
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economy
Federal Reserve lowers interest rates for the first time since 2024
Last Wednesday, the US Federal Reserve finally implemented a quarter-point reduction in interest rates, setting them between 4 % and 4.25 %.
In a climate of uncertainty, the Fed made the announcement after a lengthy meeting of its Federal…
Venezuela signs alliance for salt exploitation in the eastern part of the country
A strategic alliance between the government of the state of Sucre, in the eastern part of Venezuela, and the International Center for Productive Investment (CIIP) will allow international investment for the exploitation of the Araya salt…
Mercosur and Canada to resume free trade agreement negotiations
Canada and Mercosur member States will resume negotiations on a free trade agreement in October, a Brazilian representative said last week.
The announcement comes as a light at the end of the tunnel for the parties amid the tariff…
Venezuela’s economic sectors continue to grow
"All the country's productive sectors are growing." This was emphasized by Venezuela's Vice President, Delcy Rodríguez, during her speech at the recent National Economic Council.
The official noted that there are three major national…
Maduro affirms agricultural production maintains stable annual growth
Venezuelan President Nicolás Maduro has indicated that the country maintains stable annual growth in the agricultural sector, which is between 4.5 and 5 %.
Maduro emphasized that 14.5 million hectares are available for production, aimed at…
New China-Europe freight train service in Hubei is opening
Hubei Province, in central China, announced the entry into operation of the second freight terminal for China-Europe (Central Asia) freight train services.
The start of operations of this hub in Wuhan was marked by a freight train loaded…
Ecuador maintains the lowest inflation rate in Latin America
In Latin America, Ecuador maintains the lowest inflation rate in the region. During the month of July, annual inflation stood at 0.72 %, which, according to the National Institute of Statistics and Censuses (INEC), represents a slowdown…
Automotive sector forecasts domestic market production of 14,000 vehicles in the last quarter
The automotive sector's production goal in Venezuela for the last quarter of 2025 is between 13,000 and 14,000 units to meet domestic demand, which has been boosted by financing plans and the desire to purchase a new car.
The sector is…
Venezuela exported 86,000 quintals of coffee during the first half of 2025
Venezuela's coffee exports during the first half of 2025 reached 86,000 quintals. According to the Minister of Agriculture and Lands, Julio León Heredia, the figure represents a 500 % increase compared to 2024.
The official stated that "at…
Venezuelan president projects 9 % GDP growth in 2025
Nicolás Maduro, President of Venezuela, indicated last week that the country could close out 2025 with a 9 % GDP growth rate.
The president's projection is based on the expansion the nation registered during the second quarter of this…
Montevideo to host Blockchain Summit Global 2025
The capital of Uruguay, Montevideo, will host the Blockchain Summit Global 2025 this Friday, July 25, a highly important event in the digital finance sector, where more than 20,000 people are expected to attend.
The city "will become the…