Economy

More than a tourist destination: sustainable investment platform

Cartagena has built a global reputation associated with its history, heritage, and tourism leadership. Today, it also consolidates another equally powerful narrative: that of a strategic platform for foreign investment in Colombia and the Greater Caribbean.

Public employees will have a salary increase and will see it in the first half of March

This Tuesday, March 3, the Mayor's Office of Cali formalized a salary increase of 8.6% for all public and official workers of the municipality. This adjustment, which exceeds projected inflation rates, seeks to dignify the work of those who maintain the city's operations and strengthen the purchasing power of thousands of families.

Watch out! Civic holiday implemented by Petro affects tax calendar: find out the new dates

Tax collection. Photo: Cristian Sepúlveda / El Tiempo Archive

Venezuela announced new contracts with U.S. oil trading companies

See-saw at an oil station in Maracaibo (Venezuela). Photo: Henry Chirinos/EFE

'As energy becomes more expensive, energy awareness becomes a necessity': Bia Energy

Sebastián Ruales, CEO of Bia Energy Photo: Bia Energy

Texas oil rises 4.7% after Trump offered insurance to shipping companies in the Strait of Hormuz

West Texas Intermediate (WTI) crude oil rose 4.7% to $74.56 a barrel after U.S. President Donald Trump offered political risk insurance to shipping companies to cross the Strait of Hormuz, threatened by Iran's Revolutionary Guard. At the close of trading, WTI futures contracts for April delivery added $3.33 compared to Monday's close, easing the 8.69% rise with which crude began the day, driven by the war in Iran. EFE

Venezuela Announces New Oil Sales Contracts for the US Market

Venezuela signed new contracts for the sale of oil and derivatives for marketing in the United States, state-owned Petróleos de Venezuela (PDVSA) reported this Monday, weeks after both countries sealed a long-term energy agreement. EFE "PDVSA has signed supply contracts with oil and derivatives trading companies destined for the [...]

Brent crude rises 4.71% and surpasses $81 amid supply fears in Iran

The Brent crude oil barrel for May delivery rose 4.71% this Tuesday, surpassing $81 at the close of the session in the London Futures Market, driven by supply fears amid the war between Israel and the United States against Iran. The North Sea crude, a European benchmark, stood at $81.40 at the end of the day this Tuesday, an increase of $3.66 compared to Monday's close, when it finished the day at $77.74.

'The great challenge for the hotel industry is to satisfy new experiences with infrastructure and security': Hoteles Estelar

Miguel Díez, president of Hoteles Estelar Photo: Courtesy

How Pet Food Purchase Habits Are Changing: Small Presentations Preferred

Cats and small dogs are a trend in homes. Photo: iStock

Exxon plans to send a technical team to Venezuela in a few weeks, an executive tells Reuters

Exxon Mobil plans to send a technical team to Venezuela in a few weeks after resolving logistical and security arrangements, an executive said on Tuesday. Reuters The U.S. oil major will work with the Venezuelan government and if the right investment terms are established, "we will be interested in returning," said Senior Vice President Jack […].

How does the rise in oil prices due to the Middle East crisis impact Venezuela?

We explain, with economist Francisco Monaldi, the impact of rising oil prices on the Venezuelan economy in 2026.