The president of Ecuador, Guillermo Lasso, announced the application of a measure called "cross death". This action implies the dissolution of Congress and the calling of general elections to renew all positions, including the Presidency of the Republic.
During a message addressed to the nation,…
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political crisis
Latin America and the Caribbean, the regions most exposed to a recession in the United States
The Latin American and Caribbean regions are the most susceptible to a possible recession in the US economy, according to the report 'The vulnerabilities of Latin America and the Caribbean in the face of a US recession.' published by Fitch…
Fedecámaras: Venezuelan companies cannot pay new salary increase
Economic scenario in Venezuela makes analysts consider that companies won't be able to pay the new salary increase decreed by Nicolás Maduro for all workers.
According to Carlos Larrazábal, president of Fedecámaras (Federation of Chambers…
Money exchange offices start selling foreign currency in Venezuela
In September 2018, the Venezuelan government approved the sale of foreign currency to individuals through exchange houses. However, the interested parties had to wait until the publication of the resolution by the Central Bank through the…
Washington announces new restrictions against PDVSA
On Monday, the US Treasury Department announced the inclusion in its list of organizations blocked to the state oil company Pdvsa based on what is known as "national emergency powers."
The decision aggravates the political, economic and…