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
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.
Petro on Arauca Bombing: “ELN practically closes peace process with blood”
Colombian President Gustavo Petro has condemned the National Liberation Army (ELN) guerrilla for a violent attack that killed two soldiers and injured 27 others in Arauca, signaling a potential end to ongoing peace talks.
ELN attack on Colombian military base in Arauca kills two soldiers, injures 27
Colombia’s National Liberation Army (ELN) guerrilla group carried out an attack on a military base near Puerto Jordán in the department of Arauca early Tuesday, injuring at least 17 soldiers, the Army has confirmed. The attack involved the use of explosive devices launched from a dump truck.
Petro claims ‘coup’ imminent as Colombia’s Electoral Council reviews charges of irregular campaign financing
Colombian President Gustavo Petro has escalated his rhetoric, claiming an imminent “coup” orchestrated from within state entities as the National Electoral Council (CNE) prepares for a critical meeting to address allegations of irregular campaign financing during his 2022 presidential campaign.
Colombia’s peace talks with ELN on brink of collapse as tensions escalate
Colombia’s peace talks with the ELN guerrilla are on the verge of collapse as tensions escalate over unfulfilled agreements and rising accusations of ‘genocide’ from the illegal armed group.
Colombia’s Ecopetrol profits dive during first half of 2024
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.
Blinken welcomes Colombia’s role in facilitating dialogue with Venezuela’s Maduro
U.S. Secretary of State Antony Blinken praises Colombia’s efforts to mediate Venezuela’s political crisis, urging a unified regional response to pressure President Nicolás Maduro to accept his July 28 defeat at the polls.
Is Petro brokering a “Good Faith” deal to secure Venezuela’s transition to democracy?
Colombia is set to propose a ‘good faith’ agreement aimed at easing negotiations between Nicolás Maduro and the winner of the July 28 elections – Edmundo González. The deal would involve the release of political prisoners and partial lifting of sanctions in exchange for concrete actions from the regime.
Ex-UNGRD chief claims Petro Government asked to funnel contracts to ELN
Former UNGRD chief Olmedo López claims Colombian officials pressured him to award contracts to the ELN guerrilla group to maintain peace talks, sparking a major corruption scandal. The Supreme Court has opened an investigation into the allegations, which implicate high-ranking members of the Petro government.
Colombia’s JEP calls for investigation into alleged illegal surveillance of Magistrates
Colombia’s JEP urges Attorney General Luz Adriana Camargo to probe alleged illegal surveillance of magistrates by the National Intelligence Directorate as phone-tapping scandal widens.
Colombia’s Petro honors Carlos Pizarro’s Hat as cultural heritage
Colombia’s President Gustavo Petro designates Carlos Pizarro’s iconic beige straw hat as Cultural Heritage in a solemn ceremony at Bogotá’s Casa de Nariño.
Colombian Peso weakens against U.S Dollar with fiscal uncertainty
The Colombian peso depreciates sharply against the dollar, hitting a high of $4,150 amid market uncertainty and upcoming fiscal policy announcements by the Petro government.
Petro’s halt to Israel coal exports will hurt Colombia investments
Colombia’s suspension of coal exports to Israel with the Gaza conflict sparks industry concern and could strain U.S investor confidence in the South American nation.
Colombian schoolchildren’s desperate prayers amid FARC attacks in Cauca
Terrified children in Suárez, Cauca, cower under desks as FARC dissidents clash with the Colombian Army, revealing the harsh realities of ongoing violence in the southwest of the country. The plight of Cauca has been overshadowed by President Petro’s obsessive social media posts on Gaza.
Petro unites five Ex-Colombian Presidents against his call for a Constituent Assembly
Former Colombian Presidents unite in unanimous opposition against President Gustavo Petro’s call for a new Constituent Assembly to secure his reelection in 2026.