The EU agreed to add Venezuela's interior minister and six other senior officials to its sanctions blacklist on Thursday, European sources said, the first time the bloc has targeted individual members of President Nicolas Maduro's regime. Show More Summary
BRUSSELS (Reuters) - EU governments are set to agree sanctions on seven Venezuelans close to the government of President Nicolas Maduro on Thursday, two EU diplomats said, in the bloc's firmest response yet to the South American nation's political crisis.
The good news for pregnant women in cash- and food-strapped Venezuela is that President Nicolas Maduro just announced the government would be giving them 700,000 bolivars a month. The bad news, per CNN : Thanks to hyperinflation, that amounts to just $3.83 in the real world. Maduro did not...
Venezuelan President Nicolas Maduro has called for an investigation into Roman Catholic priests he says have made comments critical of the government. Maduro said in an address Monday that church … Click to Continue »
Venezuelan President Nicolas Maduro’s plan to order markets to slash prices of food - an attempt to combat speculation and rampant inflation of the bolivar - has apparently backfired as mobs of hungry Venezuelans have started looting...Show More Summary
In todays global headlines, Venezuela's socialist president, Nicolas Maduro, has proposed a new form of cryptocurrency called "petro," President Trump weighs action on Iran sanctions, and Japan has a new pop group called the "Virtual...Show More Summary
I wonder if Venezuelan President Nicolas Maduro sits in his mansion singing “Don’t Cry For Me, Venezuela.” Perhaps Gordon Lightfoot’s “The Wreck of The Edmund Fitzgerald” is more appropriate given Maduro’s assinine management of the...Show More Summary
JOHANNESBURG - Finding basic items in crisis-torn Venezuela has just gotten a lot harder, according to Bloomberg. Hordes of desperate shoppers emptied supermarkets and bodegas last week after President Nicolas Maduro ordered hundreds of grocery stores slash their prices in the latest attempt to put a lid on hyperinflation. Show More Summary
A day after Venezuelan President Nicolas Maduro ordered the issuance of the first 100 million Petros - the mysterious oil-backed cryptocurrency issued by the Venezuelan government to help compensate for US Treasury Department sanctions...Show More Summary
CARACAS (Reuters) - Venezuela's opposition-run parliament on Tuesday outlawed a "petro" cryptocurrency promoted by socialist President Nicolas Maduro, calling it an effort to illegally mortgage the cash-strapped country's oil reserv...
Jon Lee Anderson recently interviewed the Venezuelan President, Nicolás Maduro, who is consolidating his power as his country collapses into chaos.
With Inflation in Venezuela having surpassed 2,000%, the embattled government of President Nicolas Maduro has ordered shops to slash prices of goods to alleviate some of the burden on consumers, who’ve struggled to carry out basic transactions...Show More Summary
The US Treasury placed four serving or retired Venezuelan generals on its sanctions blacklist, raising pressure on the embattled government of President Nicolas Maduro. The Treasury alleged that the four were either involved in repressing protesters or tied up in major corruption schemes. Show More Summary
We take a look at the key electoral contests of 2018 as Venezuela’s Nicolas Maduro battles for survival, Italy’s Silvio Berlusconi eyes an umpteenth comeback and Vladimir Putin bids to become Russia’s longest-serving ruler since Joseph Stalin. If 2017 was the year of botched independence referendums – think Catalonia and Iraqi Kurdistan – the next […]
GOOD LUCK WITH THAT. Russia and Venezuela’s Plan to Sidestep Sanctions: Virtual Currencies. In Venezuela, the idea has come from the top. President Nicolás Maduro laid out a plan last month to create a homegrown digital currency known as the Petro, which would be similar to Bitcoin but backed by the government’s oil and natural […]
Venezuela is to raise its minimum wage by 40 per cent, a move which could worsen high levels of inflation in the crisis-stricken nation. President Nicolas Maduro said the new pay level would protect workers against what he called Washington’s “economic war” on socialism. Show More Summary
HOW NOT TO FIGHT INFLATION, EXAMPLE #100,000,000,006: Venezuela raises minimum wage by 40% as economic crisis deepens. President Nicolas Maduro said the new pay level would protect workers against what he called Washington’s “economic war” on socialism. But most economists say his socialist government is in fact stoking a vicious cycle in a country already […]
Venezuelan President Nicolas Maduro announced a 40 percent increase to the minimum wage as of January, a move that will foment what many economists already consider hyperinflation in the oil-rich but crisis-stricken nation. "Good news!" said the former bus driver and union leader, speaking next to a Venezuelan flag in a midday address. Show More Summary
Venezuelan President Nicolás Maduro accused Portugal of sabotaging Christmas as a shorage of pork led to anti-government protests spilling onto the streets. According to Mr Maduro and his socialist government, the Portuguese authorities...Show More Summary
Venezuela's fractured opposition said Friday it planned to drop competing agendas to unify behind a single candidate in the 2018 presidential elections in which leader Nicolas Maduro is seeking a new mandate. "We promise to boost our unity... Show More Summary