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After signing a deal with China's Xi Jing Ping, Colombian President Gustavo Petro returned home to bitter defeat of his flagship labor referendum project in the Colombian Senate.

Petro launched labor reform referendum at Labor Day rallies in Bogotá after senate committees blocked the debate.

In addition to the investigation into his role in the presidential campaign and appointment of the president of ISA, Roa is also allegedly implicated in a corruption scandal at Ecopetrol

After a disputed 49-47 vote, Petro urged supporters to protest as calls for a revote grew.

Minister of the Interior Armando Benedetti and former Foreign Minister Álvaro Leyva put personal drug abuse in the government on the media agenda

While the president's former foreign minister calls him a drug addict, a former president is being tried for bribery and obstruction of justice.

Bank of America's analysis underscores significant fiscal challenges in Colombia, leading to a recommendation against investment in the country's assets.

Colombia plans a tax hike to raise revenue, but critics warn of a fiscal cliff in 2026 and question lavish spending abroad.

The inclusion of a newly created entity raised suspicions of the potential for corrupt kickbacks and illegal enrichment with money allocated to defend Colombia.

Banco de la República voted 4-3 to maintain rates at 9.50%, easing fears of central bank politicization under Gustavo Petro.