Shell has decided to sell its 50% stakes in Colombia’s Fuerte Sur, Purple Angel, and COL-5 offshore gas blocks, ending its upstream partnership with Ecopetrol.

This move, confirmed by company and industry sources, marks the end of Shell’s exploration and production presence in Colombia after decades of activity.

Shell will continue to supply

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UBS’s latest global growth downgrade comes as the United States and China both signal a shift toward trade rebalancing, a process now shaping the world’s economic landscape.

US Treasury Secretary Scott Bessent recently stated that the high tariffs imposed between the US and China must fall before meaningful negotiations can resume.

He described the

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News agencies report that the April 22 attack in Pahalgam, Kashmir, killed 26 tourists, with 25 Indians and one Nepali among the victims. Gunmen targeted travelers in a remote valley, accusing them of supporting Indian Prime Minister Narendra Modi before opening fire.

The Resistance Front, a group tied to Lashkar-e-Taiba, claimed responsibility,

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Brazil’s National Confederation of Industry (CNI) and leading financial institutions now forecast a marked slowdown for Latin America’s largest economy in 2025.

After a robust 3.4% GDP expansion in 2024, projections for 2025 range from 1.6% to 2.3%. This deceleration stems from a blend of persistent inflation, high interest rates, and fading fiscal

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The US Census Bureau reported that new orders for durable goods in the United States jumped 9.2% in March 2025, reaching $315.7 billion. This marks the third consecutive monthly increase and far exceeds the projected 2% rise.

The surge came almost entirely from a sharp increase in commercial aircraft orders, with transportation equipment orders up

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Reuters reported that Usiminas, one of Brazil’s largest steel and mining groups, posted a dramatic turnaround in its first quarter 2025 results, but investors responded with skepticism.

The company’s net profit surged to R$337 million ($59 million), marking an 845% increase compared to the same period last year. Analysts had expected a profit of R

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