On September 2, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General Licenses 51D, 54C, and 55A, which ease sanctions applied to the coal and minerals industry in Venezuela, including gold.
The licenses pave the way for “international commercial operations,…
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United States
US Congress averts Government shutdown with federal budget extension
With 370 votes in favor and 48 against, the US House of Representatives passed a resolution on Tuesday, September 1st, to extend the federal budget, effective from September 30th to December 11th.
This extension, which had already been…
Huawei and HP sign WiFi patent licensing agreement
The Chinese company Huawei and the US company HP signed a multi-year global cross-licensing agreement for WiFi technology standards.
According to the statement released last Wednesday, “the agreement will allow HP, a computer company based…
39 banking sssociations to launch BankChain Alliance in the United States
The BankChain Alliance, formed by 39 banking associations in the United States, is scheduled to launch in 2027. They aim to give the industry its own blockchain network to establish smart payments, tokenized deposits, and stablecoin…
Venezuela-United States oil agreement seeks to boost production and investment
The governments of Venezuela and the United States announced on Friday, August 28, the signing of a historic agreement for the United States to control 65 billion barrels of proven Venezuelan crude oil reserves for 25 years, as clarified by…
Brussels demands permanent child protection measures from Meta
Last week, Meta agreed to pay $18 billion to settle a lawsuit filed by 29 state attorneys general in the United States, who accused the platform of maintaining an addictive design harmful to children and young people on platforms like…
Japan to seek other crude oil suppliers
Japan announced on Wednesday, August 26, a plan to diversify its crude oil sources in order to reduce its dependence on the Strait of Hormuz. The plan includes working with Middle Eastern countries to build pipelines.
According to the…
US companies and citizens exempt from reporting beneficial owners
A new rule approved on August 14 by the US Treasury Department permanently exempts US companies and citizens from reporting beneficial ownership, as required by the Corporate Transparency Act.
The measure, which also includes the deletion…
US sovereign debt surpasses $40 trillion
The US economy is facing a setback as a result of decisions made since 2015 by President Donald Trump, the Supreme Court's ruling that the president's tariff collection was illegal, and federal government spending that exceeds revenue by $2…
Amazon to use Trump tariff refunds to return some to customers
Amazon received a refund of nearly $600 million for tariffs imposed by President Donald Trump, which were deemed illegal by the country's Supreme Court.
The American tech company has stated that it will return some of that money, refunded…
Scientists warn of declining oxygen levels in the oceans
The reduction of oxygen levels in ocean waters is accelerating, according to a study by the University of California San Diego, which represents a threat to life on planet Earth.
In this regard, scientists indicate that "it would be…
Venamcham addresses bilateral trade with U.S. congressional delegation
The Venezuelan-American Chamber of Commerce and Industry (Venamcham) met with a delegation from the United States Congress to discuss key issues in bilateral trade, such as mechanisms to attract investment, as well as offering legal…