Economy

government-aligned

Without oil, without flights, and with a peso at historic lows: Cuba is groaning under US pressure

US pressure is being felt increasingly starkly in Cuba this Wednesday, with new announcements of flight cancellations, record blackouts, fuel rationing, and a peso at historic lows. Russian airlines Rossiya and Nordwind have temporarily suspended their flights to Cuba "due to supply difficulties" and will not resume these routes "until the situation changes"...

hace 7 meses

government-aligned

'It's not a donation, it's an investment': the strategic shift redefining business support for the Barranquilla Carnival

Juan José Jaramillo, director of the Barranquilla Carnival. Photo: Courtesy

hace 7 meses

government-aligned

US Secretary of Energy meets with Delcy Rodríguez at Miraflores Palace in Caracas

US Secretary of Energy Chris Wright holds a meeting in Caracas with acting president Delcy Rodríguez to promote a 'historic' energy agreement, marking the first visit by a high-ranking Washington official after last January's military attack and amidst decisions by both countries to facilitate oil investment. The US Department of Energy called Wright's arrival 'historic,' stating he will 'visit some of the country's oil fields to observe firsthand how President Trump's historic US-Venezuela Energy Agreement is driving peace and prosperity.' The US Treasury Department issued two new licenses that relax restrictions for US companies to operate in the Venezuelan oil market, although under strict control and reporting conditions. The Venezuelan Parliament approved a reform to the hydrocarbons law two weeks ago that opens the sector to private and foreign investment after years of state control.

hace 7 meses