The Office of Foreign Assets Control (OFAC) issued License No. 58 on Tuesday, May 5, authorizing “all transactions… necessary for the provision of legal, financial, and consulting services… in connection with potential debt restructuring processes,” which includes the state-owned oil company PDVSA.…
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United States
China reacts to Trump’s new tariffs by eliminating duties for 53 African countries
Donald Trump's tariff pressure has led China to eliminate duties for almost all African countries. In fact, it has benefited 53 of the continent's 54 nations.
For the moment, it is known that the only African country excluded from the…
Fed leaves rates unchanged
Last week, Jerome Powell chaired the Fed's final meeting, keeping rates between 3.5 % and 3.75 %, before being replaced by Kevin Warsh at the end of the month.
In an official statement, the Federal Reserve indicated that inflation in the…
Pentagon signs agreement with seven leading AI companies
Technology companies SpaceX, OpenAI, Google, Nvidia, Reflection, Microsoft, and Amazon Web Services signed an agreement with the Pentagon for the implementation of AI in classified military systems.
The new element in this agreement is the…
Investors from the United States, Asia, Europe, and the Middle East present projects to Venezuela
The president of the Caracas Stock Exchange, José Grasso Vecchio, stated in a radio interview last week that investors with concrete projects have arrived in the country from the United States, Europe, Asia, and the Middle East in order to…
John Barrett arrives in Caracas for a new phase of negotiations
The new U.S. Chargé d'Affaires in Venezuela, John Barrett, arrived in Caracas last Thursday, April 23, to assume his duties following the departure of Laura Dogu.
Upon arriving in Venezuela, the diplomat reaffirmed his commitment to…
Donald Trump wants to make the United States the cryptocurrency capital
The United States could become the cryptocurrency capital if the executive order recently signed by Donald Trump moves forward successfully, with the help of David Sacks, an expert in AI and crypto assets.
In a statement, the White House…
World Bank and IMF reestablish relations with Venezuela
Amid the easing of sanctions against Venezuela by the United States, the International Monetary Fund and the World Bank announced on Thursday, April 16, the reestablishment of relations with the South American country.
The decision was…
Venezuela could soon rejoin the SWIFT financial system
Venezuela is preparing to rejoin the international SWIFT payments system following the issuance of licenses 56 and 57 by the U.S. Treasury Department's Office of Foreign Assets Control, according to economist Elio Córdova.
As is well…
The United States lifts sanctions on Central Bank of Venezuela
The Donald Trump administration lifted sanctions on the Central Bank of Venezuela, as well as other banks in the country, through General License No. 57, issued by the Office of Foreign Assets Control (OFAC).
The measure, announced on…
YouTube sets new prices in the United States for Premium and Music services
YouTube issued an official statement informing subscribers of its Premium and Music services that it will be implementing a monthly price increase.
The new price for these services will be communicated to customers in advance. According to…
Great fortunes are concentrated in a few countries
According to the Forbes list of the world's richest people, the top five countries are the United States, China, India, Germany, and Russia.
Great fortunes are concentrated in small territories. The United States tops the list, "with the…