(Bloomberg) — President Gustavo Petro lashed out at Colombia’s central bank Wednesday evening, saying that the country’s weak economic growth is due to restrictive interest rates that are throttling internal demand. Most Read from Bloomberg His comments come on the heels of a government report posted earlier in the day that showed first-quarter output lagged […]
(Bloomberg) — President Gustavo Petro said Colombia will cut diplomatic ties with Israel for having “a genocidal president” during a speech commemorating the Labor Day holiday on Wednesday. Most Read from Bloomberg “If Palestine dies, humanity dies, and we will not let it die,” Petro said from downtown Bogotá, where he called for marches in […]
(Bloomberg) — Colombia’s President Gustavo Petro, acting as a mediator in Venezuela’s political crisis, is proposing a democratic pact between the government of Nicolas Maduro and the opposition to ensure that the loser of the upcoming presidential election is shielded from any type of political persecution. Most Read from Bloomberg The proposal is being considered […]
(Bloomberg) — Colombia is working on a deal to produce oil and natural gas in Venezuela, President Gustavo Petro said following a trip to Caracas. Most Read from Bloomberg State-controlled Ecopetrol SA could develop “high quality” oil and gas in western Venezuela under the agreement, while Colombia could export clean energy to its neighbor, Petro […]
(Bloomberg) — Colombia’s government expelled Argentine Embassy officials after President Javier Milei labeled Colombian counterpart Gustavo Petro a terrorist, assassin and communist in a TV interview. Most Read from Bloomberg “The expressions of the Argentine president have deteriorated the trust of our nation, in addition to offending the dignity of President Petro, who was elected […]
(Bloomberg) — Colombia President Gustavo Petro said his government will keep diesel subsidies in place going into the new year while allowing local gasoline costs to fluctuate in line with international prices. Most Read from Bloomberg “There will be no harm to truckers and public transportation as long as we will maintain the subsidies,” Petro […]
(Bloomberg) — Colombia President Gustavo Petro has proposed lowering the country’s corporate tax rate and increasing income taxes for its highest earners. Most Read from Bloomberg The move, which he has not yet detailed, would allow companies to grow and make the tax system more just, he said in a post on X on Saturday. […]