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Colombia’s business sector gloomy of economic outlook under Petro

By Richard Emblin -

Over 60% of Colombian business owners are contemplating relocating abroad due to economic instability under President Gustavo Petro, a Fenalco survey reveals. High interest rates, rising inflation, and security concerns have worsened the business climate, with leaders urging clearer economic policies for recovery.

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Colombia’s Petro presents his doomsday scenario at UN General Assembly

By Richard Emblin -

Colombian President Gustavo Petro, addressing the UN General Assembly, warned of global extinction fueled by war and environmental destruction. While calling for a “global revolution,” his speech was criticized for neglecting Colombia’s domestic issues, including his faltering “total peace” agenda and escalating violence in vulnerable communities.

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Colombia’s Ecopetrol profits dive during first half of 2024

By The City Paper Staff -

Ecopetrol’s profits fell by 24% in the first half of 2024 due to lower oil prices and unfavorable exchange rates, marking the third consecutive quarter of declining earnings. The company is exploring strategic options amid domestic and global challenges, including potential natural gas imports from Venezuela.

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