🛢️ Economics

Venezuela's foreign minister addresses the ECLAC session in the Dominican Republic, urging regional integration, diversified alliances, and an end to unilateral coercive measures against developing nations.

Washington is pressuring Latin American governments to expel Chinese capital from strategic ports, energy and infrastructure, but even far-right administrations keep ties with their main trading partner.

Lula trails far-right candidate Flávio Bolsonaro by two points after Brazil's first round, with record abstentions and suspected foreign-funded turnout suppression shaping the October 25 runoff.

Venezuela's chronic blackouts stem from a structurally degraded power grid, yet the government's answer is privatisation and oil concessions to US firms rather than public investment in the system.

A gas line rupture sparked a fire at Venezuela's Cardón refinery, which PDVSA quickly contained without injuries, while the incident highlights how US sanctions impede maintenance of the country's oil infrastructure.

Venezuela's state power company synchronised two thermoelectric units at the Termozulia complex in Zulia, adding 300 megawatts to the national grid as part of a wider plan to restore generation capacity hit by years of US sanctions.

Venezuela's foreign minister Félix Plasencia attends the 41st ECLAC session in the Dominican Republic, where the country will advocate for regional integration and development across Latin America and the Caribbean.

Venezuela's Bolivarian government under Delcy Rodríguez negotiates an oil agreement with the US to rebuild social programs, framing it as survival amid sanctions, military threats and the abduction of Maduro.

A panel examines how Vietnam's export-led growth model, built on manufactured exports to Western markets, faces disruption from rising US protectionism and what this means for workers.

A heterodox critique of orthodox domestic resource mobilisation argues that money is endogenously created through sovereign fiscal and banking mechanisms, proposing a new financial architecture for Global South development.

A study of Africa's fragmented payment systems, where most intra-African transactions route through foreign intermediaries and settle in dollars or euros, and of African-led alternatives like PAPSS and mobile money.

Fadi Lama argues that Western GDP data masks real economic power, measured by energy consumption, and that sovereign states Russia, Iran and China have already overtaken the West, pushing the empire toward a resource-grabbing Plan B.

Geoeconomics advisor Fadi Lama argues that Iran, Russia and China have formed a complementary bloc of energy, manufacturing and military power that is dismantling Western unipolar control of the global financial system.

Friends of Socialist China held its third annual Socialist China Conference in north London on 3 October 2026, marking the 77th anniversary of the People's Republic of China; more than 150 people attended.

Panellists at the Socialist China Conference contrast China's mass-consultation AI strategy and green industrial investment with Washington's oligarch-driven approach, arguing Beijing is building the infrastructure for a new productive paradigm.

Michael Hudson argues the AI boom is a speculative bubble on the scale of the dot-com and railroad manias, as Washington seeks to turn AI into a monopoly choke point while China's open-source model undercuts it.

Michael Hudson argues the AI boom is a speculative bubble on the scale of the dot-com and railroad manias, as Washington seeks to turn AI into a monopoly choke point while China's open-source model undercuts it.

Venezuela joined the US and Israel in boycotting a UN meeting marking 25 years of the Durban Declaration, a shift from Caracas' earlier anti-racist and pro-Palestinian stance under Chávez and Maduro.

New US sanctions tighten the six-decade blockade on Cuba while surging American exports aim to make the island financially dependent on Washington, displacing the Cuban government as its main supplier.