Investment in Colombia oil and gas production to fall 7% in 2024, industry group says

Investment in Colombia’s oil and gas production is forecast to decline by 7% to $3.5 billion in 2024, the Colombian Petroleum Association (ACP) said in a press conference in Colombia’s capital Bogota on Thursday. The government of leftist President Gustavo Petro has made a priority of weaning Colombia away from dependence on fossil fuels, especially

Soft landing for Italy’s economy

Italy’s inflation rate rose to 1.3% in March compared to a year ago, albeit at a slower pace than anticipated. There’s perhaps no better example of a ‘soft landing’ than the current state of the Italian economy. While Italy’s economic activity has significantly decelerated from the elevated post-pandemic growth rates observed in 2021 and 2022,