Colombia has new gas reserves in Caribbean waters that would allow it to extend its autonomy for between 12 and 15 years, according to information from Ecopetrol president Ricardo Roa.
“The recent discovery of large natural gas reserves in the waters of the Colombian Caribbean brings with it a…
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economy
IMF forecasts a decline in global inflation in the medium term
The International Monetary Fund predicts a progressive decline in global inflation and economic growth in the medium term, beyond differences between countries in fiscal, economic, and investment matters, as well as policies to generate…
Venezuela and Colombia signed cooperation agreement in border cities
The governments of Venezuela and Colombia signed an agreement on October 3 to strengthen cooperation in border matters, specifically in aspects such as security, economy and environment between San Cristóbal and Cúcuta.
The challenges in…
Powell predicts that inflation in the United States will continue to fall
Inflation in the United States will continue to fall, according to the predictions of Federal Reserve (Fed) Chairman Jerome Powell. The official also believes that further interest rate cuts will occur this year.
Powell stated before…
China is the world’s second-largest economy after the United States
Despite the difficulties that China has gone through, it is currently positioned as the world's second-largest economy, behind the United States.
This recovery is due particularly to the implementation of its "Reform and Reopening"…
Latin America estimates growth in solar energy by 2025 at 15 %
Growth estimates for Latin America in solar energy could be between 10 and 15 % on average per country in 2025.
This was stated by Sergio Rodríguez, service manager of Solis, one of the largest manufacturers of photovoltaic inverters in…
Venezuela creates Non-Oil Exports General Staff
The president of Venezuela, Nicolás Maduro, ordered the creation by decree of the Non-Oil Exports General Staff.
As a precedent to this decree, on July 17, the National Assembly had already voted unanimously for the Law for the Promotion…
President of Asobanca considers restructuring of external debt a priority
Pedro Pacheco, president of the Venezuelan Banking Association (Asobanca), declared this Monday, in an interview for Unión Radio, that the country must prioritize the restructuring of the external debt so that the necessary loans can enter.…
Peru is the Latin American country with a record of single-digit inflation for 27 years and 7 months
Peru has maintained a single-digit inflation rate for 27 years and 7 months, which is considered a historical milestone in Latin America, after the country recorded an interannual rate of 2 % in August.
The figure is within the target…
Venezuela will implement interbank currency market
Venezuela will implement the interbank currency market as announced by the executive vice president, Delcy Rodríguez, who highlighted this mechanism as an economic achievement that will facilitate the connection between banks.
Rodríguez…
Germany confirms GDP contraction of 0.1 %
Germany's Federal Statistical Office (Destatis) confirmed the 0.1 % contraction of Gross Domestic Product in the second quarter of 2024.
Ruth Brand, president of Destatis, noted that this contraction comes after a slight increase of 0.2 %…
Venezuela creates the National Cybersecurity Council
The Venezuelan government created the National Cybersecurity Council through Official Gazette No. 42,939, dated August 12, 2024, with the participation of the ministries of Defense, Science and Technology, Economy, Finance and Foreign…