Economy
The United States has taken new steps to ease certain sanctions on Venezuela, aiming to encourage foreign investment in the country’s vast mineral resources, particularly gold. The decision reflects a broader shift in Washington’s policy toward reopening key sectors of the Venezuelan economy. According......
The number of foreign self-employed workers in Spain has surpassed a historic milestone, exceeding 500,000 registered contributors to the national Spanish Social Security System for the first time. According to figures released by the Ministry of Labour and Social Economy of Spain, the country currently......
Venezuela’s monthly inflation rate fell to 14.6 % in February, official figures show, down sharply from a 32.6 % increase recorded in January, according to the country’s central bank. While the monthly rate moderated, annualized inflation remains extremely high. Based on the central......
Authorities in the United States and Venezuela are reviewing dozens of confidential oil agreements signed during the rule of former leader Nicolás Maduro, according to Bloomberg, as part of an investigation that could complicate efforts to revive the country’s struggling oil sector. The......
Cuba is confronting its most severe fuel shortage since the collapse of the Soviet Union as oil sanctions imposed by the Trump administration intensify, prompting the government to activate emergency rationing measures while Washington simultaneously delivers humanitarian aid through the Catholic Church. Havana......
Venezuela’s state oil company, Petróleos de Venezuela, S.A. (PDVSA), has limited crude sales over the past two weeks to companies holding individual licences from the United States, curbing exports despite a broader general licence issued by US authorities earlier this year. According to......
Cuba is facing its most severe energy crisis in decades, with satellite imagery showing that nighttime lighting across the island has fallen sharply after efforts by the Trump administration to restrict its oil supply. The shortages have plunged large parts of the country into darkness, grounded international......
US Energy Secretary Chris Wright arrived in Caracas on Wednesday for talks with Venezuela’s interim president Delcy Rodríguez, marking the highest level visit by a US energy official to the South American country in nearly three decades. The meeting at the Miraflores presidential palace......
Nearly 70 oil tankers linked to Russia’s so called shadow fleet have reflagged under the Russian registry since May 2025, responding to a sharp escalation in Western sanctions enforcement that has left stateless vessels exposed to seizure on the high seas, according to maritime intelligence firm......
Two major Russian airlines will evacuate their tourists from Cuba and suspend operations to the island as a severe aviation fuel shortage disrupts the Caribbean nation, Russia’s aviation authority announced Wednesday. Rossiya Airlines, part of the Aeroflot Group, and Nordwind Airlines, also known......
Cuba introduced sweeping emergency measures on Monday as the island faces a rapidly worsening energy crisis, intensified by US pressure aimed at cutting off its oil supplies. The government ordered a four-day workweek for state-run enterprises, shortened school hours, suspended university classes and......
Mexico has suspended its oil deliveries to Cuba to avoid potential US tariffs threatened by the Trump administration, President Claudia Sheinbaum confirmed on Monday, describing the American sanctions as deeply unfair and warning they would further suffocate an island already facing severe economic distress. Speaking......
Venezuela's National Assembly approved a sweeping overhaul of the country's hydrocarbons law on Thursday, dismantling over two decades of state dominance in the oil sector and opening the door to private investment in the world's largest proven crude reserves. The vote signals a dramatic......
