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Montevideo, January 21st 2018 - 18:16 UTC

Tag: crisis

  • Monday, January 15th 2018 - 21:08 UTC

    Venezuelan rebels killed in operative against Oscar Pérez

     Oscar Pérez led a group of rebels of the Venezuelan armed forces since last year, when he flew over Caracas in a helicopter of the Bolivarian police intelligence  firing on the interior ministry

    An operation started at dawn on Monday in El Junquito, Caracas left 2 police and an undetermined number of dead rebels, the government announced. From his social networks, Oscar Perez, bloody and with detonations in the background, repeatedly reported on video that although he and his team had already surrendered, they did not stop receiving shots, missiles and grenades in the house where they were hiding.

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  • Sunday, January 14th 2018 - 12:05 UTC

    First shipwreck of Venezuelan rafters

    The shipwreck occurred just few meters from the beach of Koraal Tabak. Pic: Meridith Kohut

    It was midnight last january 10 when approx 30 venezuelans climbed a little traditional fisher ship after the order of a smuggler and left for the island of Curaçao, about 100 kilometers from where they sailed. After 3 months of planning and 7 hours of crossing over a rough sea, a large wave hits the small boat just few meters from the coast, tearing it to pieces, reported one of the survivors while waiting to be deported back to Venezuela after being rescued and detained by the Dutch authorities.

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  • Saturday, December 30th 2017 - 11:32 UTC

    Democratic Unity Table (MUD) recognizes not having reacted efficiently

    Jesús Torrealba, former secretary general of the MUD.

    The main coalition of opposition parties, Democratic Unity Table (MUD), made this Friday a self-critical statement on its balance of 2017 in which it admits not having reacted efficiently to the people suffering, in addition to not having been able to accompany the people who have protested these days for lack of food and other items

  • Wednesday, December 27th 2017 - 14:54 UTC

    Gasoline, another kind of business in Venezuelan scarcity

    Usually the smugglers sell 20 liters at a price of 1,600,000 Bs –or more-, which is equivalent to 3 and a half minimum salaries approximately. Photo: Santi Donaire<br />

    It is paradoxical how a country with the largest oil reserves in the world has a shortage of gasoline. Of course, Venezuela does not produce gasoline as such, but sells crude oil and imports gasoline, so with the sanctions imposed by various nations and the very crisis that PDVSA (State Company) suffers - which according to the unions works approximately 13% of its capacity- complicate the problem.

  • Saturday, December 23rd 2017 - 10:14 UTC

    Venezuela's economy contracted a massive 16.5% in 2016, admits government

    It also classed 11.3% of the population as “extremely poor” in 2014, the last year the figures were available, up from 7.1% in 2012. Photo: AFP

    Venezuela's economy shrank a massive 16.5% in 2016, according to an official government filing to the US Securities and Exchange Commission (SEC). The oil-rich but impoverished country attributed the collapse to a contraction of 9.9% in the oil sector and 16.1% in the non-oil economy.

  • Tuesday, August 9th 2011 - 07:50 UTC

    The crisis in advanced countries “was never over, it’s chronic’ warns Brazilian minister

    Mantega: “today it is like 2.2 in the Richter scale, but in 2008 we reached 8.8 in the Richter scale”

    Brazil’s Finance Minister Guido Mantega admitted Monday that if the international crisis in the EU and US markets persists, Brazil would have to lower its growth estimate.

  • Thursday, July 22nd 2010 - 09:32 UTC

    IMF warns Europe must address “underlying problems”

    The Euro crisis, “wake up call” for European governments

    A government debt crisis that has engulfed the Euro-zone should serve as a “wake-up call” for European governments to keep a more watchful eye on their budgets, the International Monetary Fund (IMF) said Wednesday.

  • Monday, July 12th 2010 - 03:48 UTC

    Chinese trade “has recovered to pre-crisis levels” affirms Beijing

    June trade figures are expected to put more pressure for an appreciation of the Yuan

    China’s trade surplus widened to the highest this year and exports climbed more than estimated to a record in June, adding pressure on the government to let the currency gain after the U.S. said the Yuan “remains undervalued.”

  • Tuesday, June 29th 2010 - 05:04 UTC

    European crisis ‘key risk’ for UK banking sector, warns Bank of England

    Mervyn King, governor of the Bank of England

    The European debt crisis is a “key risk” to the UK's banking sector and banks should build up their cash reserves in response, the Bank of England has warned. In its latest financial stability report, the central bank welcomed recent measures taken by the EU to stem the crisis.

  • Saturday, May 15th 2010 - 04:49 UTC

    World Stock Markets Plunge and Euro Falls to 18-Month Low

    Paul Volcker predicts a “potential disintegration” of the Euro

    World stock markets plunge Friday and the Euro hit an 18-month low against the dollar, on growing fears that the austerity packages unveiled across Europe could tip the continent back into recession and stifle global economic recovery.

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