Venezuela's legislature gave initial backing this week to a measure granting extraordinary powers over the economy to President Nicolas Maduro, which means next Tuesday, when the second vote, he will be able to govern by decree without having to seek parliamentary approval.
Guyana's Minister of Foreign Affairs Carolyn Rodrigues-Birkett termed illegal and spurious Venezuela's claim over Essequibo, which is equivalent to a third of the former British colony territory.
For the third time in five years, Miss Venezuela has taken the Miss Universe crown. Gabriela Isler became the 62nd Miss Universe last weekend beating out 85 other hopefuls in the 2013 pageant held at Moscow’s Crocus City Hall in Russia.
Venezuelans stood in lines outside appliance stores for a fourth day on Monday after President Nicolas Maduro deployed the army to force retailers to slash prices. After taking control of several appliance stores last week, Maduro vowed late Sunday to step up inspections of businesses selling shoes, clothes, automobiles and other goods to make sure they aren’t gouging consumers.
The Mercosur summit scheduled for December in Venezuela has been suspended and will most probably take place sometime in late January announced Uruguayan president Jose Mujica who on Friday cancelled a trip to Brasilia to meet with his peer Dilma Rousseff.
Venezuela's consumer prices rose 5.1% in October, pushing the 12-month inflation rate to 54.3%, the highest mark since the late President Hugo Chávez took power in 1999. The news was released by the central bank on Thursday which also revealed that the scarcity index had reached its highest level since 2009.
Venezuela's Supreme Happiness ministry is rolling: President Nicolás Maduro declared official the arrival of early Christmas, nearly two months ahead of the actual holiday and the surprise was that all workers will receive the first two-thirds of their bonuses and pensions on November 10/11, which critics claim is only meant to get him votes in the municipal elections of December 8.
Mercosur members will be holding an extraordinary meeting in Caracas on 15 November to define an 'only joint position of the group ahead of the presentation to the European Union, in the framework of negotiations for the trade and cooperation accord, said Venezuelan foreign minister Elías Jaua.
Venezuela will create a new exchange rate for tourists to buy up to US$10,000 of the local Bolivar currency per year in a measure intended to help reduce black market trading, the government said in its official gazette.
Foreign minister Eladio Loizaga revealed that the Paraguayan congress must first approve Venezuela's protocol of incorporation to Mercosur before the country can attend the coming bloc's summit scheduled for next 17 December in Caracas.