Venezuela
COMMENT: The long road to a BRICS-led world order hits familiar obstacles
Brazil's upcoming BRICS summit exposes the bloc's growing pains as 21 members wrestle with deep divisions. The group's ambitious challenge to US financial dominance hits reality as internal disagreements threaten its push for global clout.
Spanish-led right-wing alliance plots Latin American electoral sweep
A coalition of conservative and far-right parties from Spain and Latin America has declared its intention to secure victory in seven general elections across the region scheduled for this year and 2026.
Who hold the most gold reserves?
In 2025, gold prices reached unprecedented levels, with spot gold trading at above $3,932 per troy ounce as of May 7th, an increase of over 83% within just a year.
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Latin America splits over Iran-Israel conflict
The escalating Iran-Israel conflict has exposed deep fractures across Latin America, with governments from Buenos Aires to Caracas staking out opposing positions that lay bare deep-rooted political divisions.
EU adds Lebanon and Algeria to anti-money laundering risk list
EU adds Lebanon and Algeria to anti-money laundering risk list in bid to deal with informal exchanges.
Iran, Venezuela to sign forgotten free trade agreement
Iran and Venezuela will finalise their long-awaited free trade agreement, with the text and annexes set for ministerial signing by June 12, the head of Iran's Trade Promotion Organisation said.
Venezuela and Iran deepen trade ties to circumvent sanctions at Caracas forum
Venezuela and Iran moved to reinforce their bilateral cooperation during a business forum held in Caracas on June 2, with senior officials from both nations discussing new trade and technology initiatives.
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Latin America faces investment drought as fiscal space shrinks, ECLAC says
ECLAC report highlights the region's struggle with low public investment amid mounting debt pressures.
LATAM BLOG: Venezuela's latest electoral charade marks final break with democracy
The May 25 parliamentary and regional elections delivered Nicolás Maduro a sweeping triumph, but the price was democratic legitimacy itself.
Venezuela elects governor for Guyana-controlled Essequibo in sovereignty escalation
Venezuela conducted regional and parliamentary elections on May 25 for a governor and lawmakers to represent Essequibo, an oil-rich region that remains under Guyana's administration.
Rubio rules out Chevron Venezuela licence extension after conflicting signals
The US administration is set to revoke Chevron's licence to operate in Venezuela on May 27, as initially scheduled, contrary to recent Bloomberg reports that suggested a longer extension was likely.
US poised to extend Chevron's Venezuela operations as detained American veteran freed
The Trump administration is poised to prolong Chevron's authorised operations in Venezuela by an additional 60 days, as Washington continues sensitive talks with Nicolás Maduro’s government regarding American detainees.
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Venezuela suspends Colombia flights after alleged election sabotage plot
Days before Venezuela's regional elections, the Maduro government has halted all flights to and from Colombia, stranding thousands after claiming to uncover a US-backed conspiracy.
COMMENT: China and Latin America forge ‘shared future’ as US wields coercive diplomacy
China hosted Latin American leaders at the China-CELAC Forum, pledging $9.2bn and deeper ties. As US influence fades, Beijing’s “shared future” vision gains ground, fueling a shift in global alliances and challenging Washington’s dominance.
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Latin American EV market accelerates threefold in 2024
The number of light electric vehicles in Latin America and the Caribbean saw a dramatic surge last year, tripling in size from 154,966 registered units at the end of 2023 to 444,071 vehicles by December 2024, according to data from Olade.
China woos Latin America with $9bn credit line amid Trump trade tensions
China has offered Latin American and Caribbean countries a CNY66bn ($9.2bn) credit line as part of a comprehensive economic and political cooperation package presented during the CELAC-China summit in Beijing.
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HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
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Putin rolls out red carpet for Maduro as Venezuela cements Russian alliance
President Nicolás Maduro arrived in Moscow on May 7 for talks with Vladimir Putin, where both sides committed to expanding cooperation across defence, energy, technology, and finance.
Venezuelan dissidents escape Argentine embassy after year-long standoff in Caracas
Five Venezuelan dissidents who had sought refuge in Argentina’s embassy in Caracas have escaped the country after more than a year in hiding, in what sources described as a covert military operation led by the United States.
ECLAC cuts Latin America growth forecast amid global uncertainties
The UN's Economic Commission for Latin America and the Caribbean (ECLAC) has downgraded its 2025 growth forecast to 2%, adding to a chorus of international institutions painting a bleak outlook for the region.