Economy

Chinese refiners begin cutting output as Iran war restricts oil supply

Zhejiang Petrochemical Corp, a major Chinese refinery backed by Saudi Aramco, is shutting down a 200,000-barrel-per-day processing unit, bringing forward maintenance in response to the impact of the Middle East conflict on crude supply, it said on Tuesday. Separately, another Aramco-backed Chinese refinery, Fujian Refining and Petrochemical Co, or FREP, shut its smaller 80,000-bpd crude unit for an unspecified period, two industry sources familiar with the matter said.

Entrepreneurial Nicaragua

The dynamism of entrepreneurship in Nicaragua was recently reflected in the participation of more than 238 protagonists from all economic sectors and different departments of the country.

MIFIC reports stability in prices of 19 food basket products

The Ministry of Development, Industry and Commerce (MIFIC) presented this Monday its weekly report on the monitoring of 24 essential food products.

More Entrepreneurship, More Victories

From February 23 to March 1, 107 Entrepreneur Fairs "Corazón Emprendedor, Pueblo Victorioso" were held, where 1,137 protagonists nationwide.

“El Sabor de Juanita”, a Prosperous Business of a Fighter Woman

Every March 8, the bravery and struggle of women are celebrated worldwide. In Nicaragua, there is the Law on Equality of Rights and Opportunities.

Myke Towers and Taco Bell Join Forces with Exclusive Sauces and Sunglasses

The initiative is part of the expansion of the 'Taco Tuesday' campaign in Aruba, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Panama, Peru, Puerto Rico, and Spain.

Construction company linked to the Army ventures into mining with three lots in Ciudad Sandino and Mateare

The General Directorate of Mines granted 131 hectares to GPC Productos de Concreto for non-metallic exploitation. The three concessions in Managua will have a validity of 25 years.

Effect of the 2026 minimum wage increase? Commerce and restaurants already lose 258,000 jobs

Colombia started 2026 with a historic figure, the unemployment rate in January was 10.9%, the best record for that month in 25 years. The figure, publi...

Energy Analysis Report: March 3, 2026

In the 20th century, it was dogma that political instability in the Middle East caused oil price escalations, especially due to developed countries' dependence on the region for demand. So far in the 21st century, the pieces of the energy chess game have shifted to different positions and market behavior has been very different. However, the large-scale military operation that the US and Israel initiated against Iran on the morning of February 28, 2026, and Tehran's immediate response with attacks across the region, tests this new market paradigm.

Is This the Real Minimum Wage?

The minimum wage increase for 2026, defined last December, was 23%. Photo: iStock

One Million Colombians

According to recent data, more than one million people born in Colombia reside in Spain, making this community the largest of all foreign communities. Many of these Colombians have already acquired Spanish nationality, so they are not listed as foreigners but as Spaniards. As such, they have identical rights to any other Spaniard. Many others, with and without papers, are still listed as foreigners, thus lacking certain rights. Those who are in a regular situation lack political rights (as I did when I lived in Colombia). Those who are in an irregular situation face a much more complex reality, working in the underground economy, with their labor rights greatly curtailed, but enjoying some social rights, particularly health and, if they have children, children's education.

Airline stocks plummet in stock markets

Portafolio Journalist 03/02/2026 23:33 Updated: 03/02/2026 23:33