Economy

The Superintendency of Residential Public Services initiated an administrative and punitive investigation against the company Enel Colombia for the energy prices it offers on the Energy Market. Previously, the entity had announced a irregular behavior by Enel by failing to comply that "the prices at which they offer their energy daily must reflect the variable costs of generation that they incur. In the specific case of hydroelectric generation, they must obey the opportunity cost of water at the time of generation."(Also read: Why don't full reservoirs lower electricity rates?) The Superservicios established that the irregular behavior corresponded to the Betania…

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A few weeks ago FTX was the second largest cryptocurrency exchange company in the world. Until, suddenly, the empire collapsed: not only did it announce that it was bankrupt, but it also confessed to having a debt of 1,450 million dollars with its 10 main creditors, according to 'BBC Mundo'.Although at the beginning the reasons for the bankruptcy remained unknown, little by little they acquired names and surnames. Among them, Caroline Ellison, former CEO of Alameda Research, a cryptocurrency trading company started in 2017 by Sam Bankman-Fried, founder and former chairman of FTX. Ellison, 28, asked for two counts of…

The increase of $400 pesos in the price of gasoline for 2023 has taxi drivers in Colombia quite dissatisfied. So much so, that Hugo Ospina, leader of the union, assured that do not rule out the possibility of going on strike in the coming days. In an interview with Blu Radio, Ospina said that “the president's commitment was that he would gradually raise 200 pesos and suddenly he began to raise $400. We don't know if the next month it will be $600 and the next month it will be $1000”.The union leader also explained that one of the factors…