Ecopetrol SA, Colombia’s state-owned oil company, is at a crossroads as board members question President Gustavo Petro’s nominee choices amid his push for greener policies. Governance Committee voices concerns: Petro’s nominees lack requisite experience for board roles among the company’s proposed candidates. This standoff reflects wider debates over Petro’s ambition to reduce Colombia’s fossil fuel […]
Related Posts
EU Challenges China’s EV Dominance with New Import Tariffs up to 45%
The European Union has approved new tariffs on Chinese electric vehicles (EVs), igniting a major trade dispute. EU member states voted to impose tariffs of up to 45% on Chinese EV imports. This decision comes despite opposition from some countries, including Germany, Europe’s largest auto producer. The new tariffs will last up to five years […]
Sâo Paulo Governor Tarcísio de Freitas Warns of Brazil’s Looming Fiscal Crisis
Governor Tarcísio de Freitas of São Paulo recently shed light on a pressing concern at the Esfera Brasil event: Brazil’s escalating fiscal risk, which he identified as the nation’s primary economic threat. He articulated that maintaining clean public accounts should be the foremost economic priority. According to Tarcísio, Brazil’s fiscal instability is currently siphoning off […]
U.S. Economic Growth Slows to 2.1% in Q2 2023
In the second quarter of 2023, the U.S. Gross Domestic Product (GDP) experienced a slight slowdown, registering a 2.1% growth rate compared to the 2.2% seen in the first quarter. According to the Bureau of Economic Analysis (BEA) second estimate, this represents a 0.1 percentage point decline. Consumer spending and export sectors led the decrease, […]