Economy

Andean Community gives Colombia and Ecuador 10 days to remove tariffs

The Andean Community (CAN) has given Colombia and Ecuador ten business days to remove tariffs of up to 100% that have been applied within the trade war they have been involved in since February, determining that they violate the Cartagena Agreement.

The BanRepública's Truce

The independence of central banks is tested when it comes to making unpopular decisions or when governments exert undue pressure. Perhaps for this reason, after the last meeting of the Board of Directors of the Banco de la República, the message picked up by international markets was not of autonomy, but of strategic subjection.

The 2 Municipalities in Bolívar That Will Not Have Electricity on Saturday, May 9, 2026

Afinia, the energy service provider in Bolívar, is carrying out optimization work on the electrical infrastructure in the department as part of its investment plan to improve service quality and reliability.

Crisis at Subway? The chain closed 729 restaurants in the United States

The restaurant chain Subway, which operates in Colombia, registered in 2025 one of the biggest setbacks in its recent history in the United States, after closing 729 restaurants. According to a FOX Business report, the company's total number of restaurants fell below 19,000 locations, far from the more than 22,000 it had just a few years ago.

Canadian court to rule next week on whether Canacol can exit gas contracts in Colombia

Following the postponement of the hearing in the Alberta, Canada court, which would evaluate Canacol Energy's request to terminate natural gas transportation and supply contracts early, the Colombian Natural Gas Association (Naturgas) reiterated its call to authorities to protect energy security and ensure service continuity in the country.

Superservicios begins monitoring Canacol Energy and demands contract compliance

The Superintendence of Public Services announced the start of special monitoring of the companies CNEOG Colombia and CNE Oil & Gas, subsidiaries of...

Widow of OnlyFans Owner Takes Control of 75% of Parent Company

The widow of OnlyFans' founder and main shareholder, Yekaterina Chudnovsky, will take control of the adult content platform after the death of Ukrainian-American businessman Leonid Radvinsky, which occurred in March of this year. According to information published by Forbes, Chudnovsky gained control of at least 75% of the shares and voting rights of Fenix International, the parent company of OnlyFans. The document also grants her the power to appoint and remove the majority of the members of the board of directors.

EPM will transfer 2.8 trillion pesos to Medellín in 2026

Each year, EPM gives Medellín a portion of the profits it generates. This is how the city receives a dividend from its public company: that money finances roads, school meals, security, social care, schools and mobility projects in communities and rural areas.

The story of Canacol's fall that threatens to leave the Caribbean without gas and would hit the country

It's a difficult year for the gas sector and Colombia's energy security. Canacol Energy's decision, the second largest natural gas producer...

Asdrúbal Oliveros maintains a "good" growth outlook for 2026

Economist Asdrúbal Oliveros assured that there is a "very good outlook" for the growth of the economy and the oil industry this year. According to Unión Radio, "Our growth rate is 12% for this year, the impulse comes mainly from the oil sector, oil GDP will grow 25%. Remember that within global GDP, oil GDP weighs around 28%, so almost a third of our economy is oil-based, so that effect on the global rate is important."

Bloomberg

Venezuela announced emergency measures to stabilize its electricity grid after electricity consumption reached its highest level in nine years this week, reviving memories of blackouts and rationing that once paralyzed the economy. By Bloomberg The Ministry of Electricity did not detail the measures, but urged the private sector to […]

AFP

Formal dollarization is a recurring fantasy in Venezuela that gains strength without Nicolás Maduro. Adopting the US currency is tempting in this country of very high inflation, but economists consider the measure to be drastic, even under the tutelage of its issuer. In Venezuela, there is a de facto partial dollarization that Maduro, captured in [...]