Before ascending to Venezuela’s presidency in 2013, Nicolás Maduro served as both Foreign Minister and Vice-President under Hugo Chávez, starting his political journey in the early 2000s. By 2014, he was named among the 100 Most Influential People, and his estimated net worth exceeded $2 million. Born into a working-class family in 1962 in Caracas, […]
Related Posts
New Era for Diamonds: 2023’s Market Growth and Innovation
The diamond industry is showing signs of recovery in 2023 following a period of slowed growth and challenges. The global diamond market is expected to grow from $2.43 billion in 2022 to $2.55 billion in 2023, with a compound annual growth rate (CAGR) of 5.2%. This growth is partly driven by rising disposable income in […]
EU-Andean Trade Pact Takes Full Effect After 11-Year Provisional Period
The European Union has solidified its trade ties with Peru, Colombia, and Ecuador. A long-awaited commercial agreement took effect on November 1, 2024. This pact marks the end of an 11-year provisional arrangement between the regions. The deal encompasses $35 billion in trade exchanges. It aims to bolster economies on both sides of the Atlantic. […]
General Motors Shifts Strategy in South America
General Motors (GM) officially declared that it will shut down its assembly operations in both Colombia and Ecuador. This decision shifts focus to national vehicle marketing and after-sales services. Today, GM starts winding down Colombia’s Colmotores plant, operational since 1956. The OBB plant in Ecuador will follow, ending activities by August 2024. Despite these closures, […]