A new chapter in economic cooperation between Venezuela and Colombia begins with the signing of the agreement between the two countries to create a Zone of Peace, Union, and Development.

Venezuelan Foreign Minister Yván Gil reported on this alliance signed last Thursday, July 17, which seeks to “promote regional stability and economic cooperation between the two nations.”

Gil “highlighted that the signing of the Memorandum of Understanding for the creation of the first Binational Economic Zone of Peace, Union, and Development is the result of the alliances established between Presidents Nicolás Maduro and Gustavo Petro.”

This new bilateral agreement is expected to increase trade and exchange between the two countries, “as well as interconnection between them. The Foreign Minister affirmed that this initiative will align efforts to develop this region and promote national progress.”

M.Pino

Source: radiomundial

(Reference image source: Ambre Estève on Unsplash)

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General Motors (GM) and the Canadian union Unifor announced a provisional agreement that ends a strike that affected more than 4,280 workers in Canada. The agreement was reached just hours after GM workers went on strike.

Unifor President Lana Payne said in a statement that GM agreed to the union’s demands related to the strike at the Oshawa Assembly Plant, the St. Catherines Powertrain Plant and the Ford Parts Distribution Center. Woodstock.

“Faced with the disruption of these key facilities, General Motors had no choice but to take our demands seriously and accept them,” Payne explained.

The provisional agreement, which must be ratified by GM workers in Canada, parallels the one reached by Unifor with Ford in late September. Among the key provisions of the agreement, GM commits to raising wages by 20 % to 25 % (depending on occupation), offering a subsidy to workers starting in December 2024 to offset rising cost of living, and reducing the period necessary to advance in salary categories of eight to four years.

GM has announced that the workers who participated in the strike will return to their jobs in the next few hours.

Before this deal, GM was facing two simultaneous labor protests, one in Canada and another in the United States. In the US, the United Auto Workers (UAW) union has held strikes at two GM assembly plants and 18 parts distribution centers since September 15.

The Canadian union Unifor had started strikes at all three GM plants in Canada at one point, but this agreement has ended the strike.

K. Tovar

Source: Bancaynegocios

(Referential image source: Claudio Schwarz, Unsplash)

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El Salvador will create the Bitcoin City. This was announced by the President of the Republic of El Salvador, Nayib Bukele, within the framework of the closing of the “Bitcoin Week” event, which aimed to promote blockchain technology.

The new city Bitcoin City will have as a source of financing a single tax that will be VAT in the order of 10 %, with which it will pay for services and infrastructure investments. “Half will be used to pay the municipal bonds and the rest for public infrastructure and city maintenance,” Bukele indicated.

The new bitcoin city, the first in the world, will operate in the La Unión department, which is the most populated in the Conchagua municipality. Citizens will be able to work in the #BitcoinCity and live in the Union, as well as enjoy and take advantage of the investment and development benefits that the new city will provide.

¡El Salvador será el primer país del mundo en tener una #BitcoinCity!
Estará entre la ciudad de La Unión y Conchagua. Las personas podrán vivir en La Unión pero trabajar en la #BitcoinCity. Pronto empezarán a ver todos los beneficios, cuando el desarrollo y la inversión llegue. pic.twitter.com/21bx7Yc5aJ

— Casa Presidencial 🇸🇻 (@PresidenciaSV) November 21, 2021

Ecological Bitcoin city

Another characteristic of the Bitcoin City is that it will work with renewable energy, stimulated by the Conchagua volcano and the government plans to finance it with bitcoin bonds in the beginning.

President Bukele, together with Samson Mow, Blockstream’s director of strategy, announced that, for next year, El Salvador will be issuing “bitcoin sovereign bonds” for a value of one billion dollars, with which they plan to start the construction of this new city.

The objective is “to facilitate investment in business and technology.” The new city will have green areas, spaces to share and work and everything will be digital, said Bukele.

M. Rodríguez

Source: lahora.gt

La entrada El Salvador will create the Bitcoin city apareció primero en Bitfinance.