Venezuela's oil industry, once a global powerhouse, is now a shadow of its former self. The country sits on massive oil reserves, but getting that oil out of the ground and to market is a huge challenge. The U. S. government is pushing to revive Venezuela's oil production, but experts say it's not t
Greece has made an impressive turnaround. Just a decade ago, it was on the brink of financial disaster. Today, it's leading the way in Europe's financial affairs. Kyriakos Pierrakakis, Greece's finance minister, has been chosen to head the Eurogroup. This group is made up of finance ministers from c
Ireland's services sector showed impressive growth in November, reaching its highest point in over three years. This surge was mainly due to more business activity and new orders. The AIB Ireland Services Business Activity Index rose to 58. 5, up from 56. 7 in October. Any number over 50 on this ind
Bolivia is in talks to get over $9 billion in loans from different lenders. This is a big deal because the country is going through a tough time with high inflation and not enough money coming in. The new president, Rodrigo Paz, wants to fix things by bringing in private investors and cutting some t
Zambia has just received a big thumbs-up from S&P Global Ratings. The country's credit rating has been upgraded, and it's no longer considered in default. This is a huge deal because it shows that Zambia is getting its financial act together. For years, Zambia has been struggling with a lot of debt
Ukraine and the United States have started working together on a big investment fund. This fund is part of a deal about minerals. The first meeting of the board that runs this fund just happened. The deal is important because it helps Ukraine's economy, which has been hurt by the war with Russia. I
New York City's real estate titans are gearing up for a tough fight if Zohran Mamdani, a self-proclaimed socialist, becomes the next mayor. Mamdani, who won the Democratic primary, has big plans to tax big businesses and landlords more. But the real estate industry isn't worried. They've been throug
The COVID-19 pandemic brought to light the limitations of traditional data collection methods. For years, researchers relied on travel surveys and census data to understand human movement. These methods, however, only capture snapshots of activity. They fail to show continuous changes in how peop
Ahmed al-Shara is no longer just a rebel leader. He is now the president of Syria. He is trying to rebuild a country torn apart by war. His journey from rebel commander to president has been anything but simple. In the past, his alliances were clear-cut. Turkey backed him, while the Assad regim
In 2024, Wall Street's bonus pool reached an unprecedented high of $47. 5 billion. This is a significant jump from the previous year's $35. 4 billion, marking the largest increase since the start of the coronavirus pandemic. On average, each banker took home a hefty $244, 700, a 31% increa
