Venezuela must recognize the "serious ideological and political errors" in which both government officials and opponents have made, in addition to making major changes to regain its place as a prosperous economy in the world. This was stated by the economist Orlando Ochoa through his account on the…
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Economic activity in Venezuela fell 2.2 %
The Venezuelan Finance Observatory reported that "economic activity in Venezuela fell 2.2 % in the second quarter of 2021", registering a total of 25 consecutive quarters in the fall in the economic activity index. However, the reported…
International remittances decrease by 55.8 % due to the pandemic
Money transfers to Venezuela have registered a decrease of 55.8 %, as a result of the Covid-19 pandemic that affects the world. This was indicated by the economist Corina Fung, who also stressed that "people who reside in the country and…
Salvadoran authorities analyze paying salaries with Bitcoin
Salvadoran government ministers are discussing the possibility of paying salaries in bitcoin, after the approval of the law that gives legality to the digital currency and that will come into effect next September.
Officials from the…
Goldman Sachs revenue grew 13% in 2020
The US investment bank Goldman Sachs posted an attributable net profit of $ 8.915 billion for the whole of 2020, which is equivalent to an increase of 13% compared to the previous year's earnings, despite the impact on its balance sheet of…
Fiat Chrysler and PSA shareholders approved their merger almost unanimously
According to a dispatch from the EFE agency, this operation, announced in October 2019, obtained 99.15% of the votes of the shareholders present at the FCA meeting and 99.95% of those of PSA, which were held without public and were…
European Commission proposes new law for digital markets
This Tuesday the European Commission presented a new law for digital markets, it will force large Internet platforms to sell their companies in order to avoid abuses of power in the market.
The measure contemplates that if it fails to…
Philips registers profits of 338 million euros in the third quarter of the year
Philips achieved an attributable net profit of 338 million euros in the third quarter of the year, which represents an improvement of 64.9 % compared to the result recorded by the Dutch multinational between July and September 2019,…
Tax policies for cryptocurrencies in the world
The cryptocurrency boom reaches practically every corner of the planet. And just as transactions increase, so does the uncertainty regarding the payment of taxes for said operations.
Countries with a more solid crypto market tend to orient…
Fintech sector in Mexico reaches a historical investment of USD 1,300 million
Mexico has achieved a historic investment of more than USD 1.3 billion in the fintech sector, reported by KoreFusion, as reported recently by Uniradio Noticias.
According to the report called Fintech in Latin America 2020, it was…
Venezuelan government announces minimum wage increase
This Monday, the Ministry of Labor announced the increase in the minimum wage, which will be set at 800,000 bolivars from May 1st.
The head of this ministry, Eduardo Piñate, issued this information through his official Twitter account,…
BoFa showed a profit decrease of about 48%
Bank of America recorded a net attributable profit of $ 3,541 million in the first quarter of 2020, which represents a decrease of 48.4% compared to the result obtained by the entity in the same period of the previous year, after the bank…