Venezuela

Venezuela
Friday, May 20th 2016 - 10:40 UTC

India planning to swap medicines for Venezuelan crude oil to recoup losses of drugs sector

India's drug-maker Hyderabad-based Dr. Reddy's Laboratories, said that it had to write off US$65 million related to losses in Venezuela in the fourth quarter.

Indian drug companies could recoup some of the financial losses incurred as Venezuela struggles to make foreign-currency payments and the value of its currency plummets--by participating in a barter plan that would swap medicines for crude oil.

Thursday, May 19th 2016 - 08:32 UTC

Mujica says Maduro is “mad as a hatter” and everybody in Venezuela “have gone nuts”

Mujica said he respects the Venezuelan president but “this does not mean I can't say that he's mad, mad as a hatter”.

Uruguayan ex president Jose Mujica said on Wednesday that in Venezuela “everybody has gone nuts” and president Nicolas Maduro is “mad as a hatter”. The former leader was reacting to the controversy between his former foreign minister and now OAS secretary general, Luis Almagro and Maduro.

Thursday, May 19th 2016 - 08:14 UTC

Maduro prepared to escalate state of emergency following massive protests

“I will not hesitate if necessary to make such a decree to fight for the peace and security of this country,” pledged Maduro

Venezuelan President Nicolas Maduro said on Wednesday he was prepared to escalate a state of emergency imposed this week after opposition-led protests in the capital and other cities. Maduro told supporters he would give the order - which implies suspending laws and rights to maintain public order - if “violent” anti-government acts occurred.

Wednesday, May 18th 2016 - 11:39 UTC

The Army must decide is they side “with the Constitution or with Maduro”, says Venezuelan opposition

“I say to the armed forces: the moment of truth has arrived - to decide whether they are with the constitution or with Maduro,” Capriles told a news conference.

The army in crisis-hit Venezuela has to choose whether it is “with the constitution or with [President Nicolas] Maduro,” opposition leader Henrique Capriles said on Tuesday.He made the statement to journalists after Maduro decreed a state of emergency broadening the powers of soldiers and police - and a day before opposition-led marches demanding a referendum to oust the president.

Monday, May 16th 2016 - 18:49 UTC

Venezuelan soldiers steal goats because no food is left in the barracks

The incident was reported by El Nacional on its Sunday edition, with six soldiers detained by local authorities

The situation in Venezuela has become so bad that even soldiers are struggling to support themselves. Over the weekend, six members of the Venezuelan military were detained by local authorities for stealing goats, the Venezuelan newspaper El Nacional reported on Sunday. It said the soldiers confessed to stealing the goats and said they did it to feed themselves, since they had no food left in their barracks.

Monday, May 16th 2016 - 05:46 UTC

Brazil warns neighbors about “propagating falsehoods over the internal political process”

Brazil's foreign ministry “emphatically rejects” neighbors “allowing themselves to opine and propagate falsehoods over internal political process in Brazil.”

Brazil's interim government dismissed criticism by populist countries in Latin America, including Venezuela, Cuba and Bolivia, over the impeachment process of Dilma Rousseff, who was suspended as president by the senate.

Saturday, May 7th 2016 - 13:22 UTC

Venezuela accuses Washington and the opposition of plotting to overthrow Maduro

 “Venezuela has permanently been threatened by opposition forces in conjunction with imperial centers that support destabilization” claimed Delcy Rodriguez

Venezuela's foreign minister accused the United States of conspiring to topple President Nicolás Maduro's government in conjunction with Venezuela's opposition. Minister Delcy Rodríguez says the plot includes attempting to remove Maduro's government from the Organization of American States in conjunction with the organization's secretary-general, Luis Almagro.

Tuesday, May 3rd 2016 - 06:00 UTC

Venezuela's explosive situation makes Pope Francis send a “personal letter” to Maduro

“I can say that the Pope did write a personal letter to President Maduro concerning the situation in the country” said papal spokesperson Lombardi

Pope Francis has sent a “personal letter” to Venezuelan President Nicolás Maduro in which he addresses his concern over the “seriousness” of “the county’s situation”, revealed papal spokesman Federico Lombardi confirmed to journalists this weekend.

Monday, May 2nd 2016 - 05:56 UTC

Maduro announces 30% increase in the minimum wage

The new minimum is equivalent to US$ 1.500 at the official exchange rate, but around US$ 50 at the current black market rate

Venezuela's president Nicolas Maduro has ordered a 30% increase in the minimum wage, the latest move by the socialist government to grapple with high inflation and economic stagnation.

Monday, May 2nd 2016 - 05:34 UTC

Venezuela moves local time 30 minutes up, back to normal

The measure is part of a government plan to attend to the electrical and water emergency caused by the drought, aggravated by this year's El Niño

Venezuelan government on Sunday moved local time up 30 minutes, to four hours behind UTC, with an eye toward dealing with the emergency caused by the ongoing severe drought. The time change will enter into effect as of this month and brings Venezuela back to the time schedule that prevailed until 2007, when the government shifted the nation's clocks back by half an hour.

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