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.
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.
Venezuelan cities cleaned up from a night of looting and fiery protests on Wednesday as government offices closed their doors for the rest of the week in the face of a worsening energy crisis that is causing daily blackouts. In Caracas, hundreds of angry voters lined up to sign a petition beginning the process of recalling the deeply unpopular President Nicolas Maduro.
Venezuela imposes daily four/hours blackout to save power; brewery out of barley will stop beer production
Recession-hit Venezuela will turn off the electricity supply in its 10 most populous states for four hours a day for 40 days to deal with a severe power shortage, the government said Thursday.
Venezuela's PDVSA will discharge in the coming days its first cargo of U.S. crude bought from British BP, who along with China Oil was awarded a tender to supply the state-run company with some 8 million barrels in the second quarter, traders close to the deal revealed on Wednesday.
Argentina's government is pulling out from its involvement in the Spanish-language TV network that was started by the late Venezuelan leader Hugo Chavez, saying the broadcaster blocks alternative viewpoints.
Unasur, the Union of South American Nations is divided on how to address the Brazilian situation: while Uruguay, Venezuela, Ecuador and Bolivia have agreed on a strong statement in support of president Dilma Rousseff, Argentina expressed 'institutional support' and Chile abstained.
American Airlines said this week it will ax its Caracas to New York route on April 4 due to low demand just over three months after reinstating it. The surprise move comes amid a years-long battle between American Airlines Group and the Venezuelan government in which the world's largest airline says it has not been able to repatriate revenue.
By Leopoldo López (*) - Two years ago I was imprisoned for calling for a constitutional, democratic and peaceful change in the Venezuelan government. Our plan was called La Salida, “the exit.”
Venezuela has paid $1.54 billion in principal and interest owed to international bondholders, the Banking and Finance Ministry said Saturday. President Nicolas Maduro's administration once again manifests its willingness and capacity to honor its financial commitments in a timely manner, demonstrating its solvency in international markets, the ministry said of Friday's payment.