The defence industry is booming in Latin America amid economic growth and greater concerns regarding national security, said the renowned security and defence consultancy firm IHS Jane's. Imports of weapons soared 16% in the subcontinent in 2008-2012, climbing from 3.42 billion to 3.96 billion dollars annually, the firm said in a report called The Balance of Trade.
Venezuelan president Nicolas Maduro warned on Monday that corruption will “gobble the motherland” unless there is a tough frontal fight, and underlined that no Socialist or ‘revolutionary’ can be corrupt.
Venezuela is awaiting the arrival of 760.000 tons of food from different associated countries and which are destined to build a national reserve of food, according to Food Minister Felix Osorio. The announcement follows strong suggestions that rationing of certain food and toiletry items was in the pipeline.
Pope Francis on Monday received in a 20-minute audience President of Venezuela Nicolás Maduro in the hall of the Vatican Apostolic Library. On arrival at the hall known as Sala del Tronetto, the Venezuelan president said it was an honour to meet the pope, adding that he was very impressed and happy to be there. He also thanked the Argentine pope for everything you are doing.
Venezuela's Congress will discuss legislation this week that would prohibit bottle feeding of infants to try to encourage breast feeding and reduce the use of baby formula, said a lawmaker of the ruling Socialist Party.
Venezuela “is not part of Mercosur, it was not ratified by the Paraguayan congress” according to one of the main foreign policy advisors of president elect Horacio Cartes who is scheduled to take office next August 15. Meanwhile Paraguay continues to advance it its intention of belonging to the Alliance of the Pacific.
Venezuela's National Electoral Council said an audit of the results of presidential elections in April confirmed President Nicolas Maduro did win by 1.5 percentage points, despite opposition claims that the vote was fraudulent.
With inflation in May reaching 6.1%, the highest monthly rate in 17 years, mostly because of the shortage of basic foods, some states in Venezuela are already planning food rationing fearing the situation could worsen. The Venezuela's Central Bank released the figure on Friday.
The United States is to start a dialogue with Venezuela aimed at restoring their respective ambassadors, US Secretary of State John Kerry has said. He was speaking after Venezuela freed and deported a US filmmaker who had been held on conspiracy charges. Mr Kerry welcomed Timothy Tracy's release as a positive development.
President Juan Manuel Santos announcement over the weekend that Colombia will look for a cooperation understanding with NATO (North Atlantic Treaty Organization) on their invitation, has irked the so called Latinamerican group of ‘anti-imperialist countries’, at a moment when relations between neighbouring Colombia and Venezuela have hit a new low.