
Venezuelan parliament chief Diosdado Cabello said in an interview on Sunday that he plans to file lawsuits in Spain and the United States following media reports that link him and other top officials to cocaine trafficking and money laundering.

Jailed opposition leader Leopoldo Lopez has declared himself on hunger strike and called for a protest march next weekend against Venezuela's populist government. Lopez, the best-known opposition activist in custody, was jailed more than a year ago for his role in instigating street protests against President Nicolas Maduro that led to violence killing 43 people and injuring hundreds more.

Barely one week after Venezuela’s President of the National Assembly of Venezuela Diosdado Cabello filed a defamation suit against 22 media executives and editors for publishing reports linking him to an international drug-trafficking, another high-level minister announced they would be filing suit against opposition leader Henrique Capriles for making “false allegations.”

Despite persistent denials of any wrongdoing from Caracas, US authorities are currently investigating Venezuela’s powerful parliamentary chief, Diosdado Cabello, and other senior officials over alleged cocaine-trafficking and money-laundering, the Wall Street Journal reported.

Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.

Venezuela will hold parliamentary elections in the last quarter of this year and the exact date will be announced soon, the head of the National Electoral Council (CNE) said on Sunday. The elected lawmakers will be inaugurated for five years on 2016.

Venezuela says it will cut the working day for public sector workers to five-and-a-half hours to conserve energy, down from eight to nine hours. The initiative is part of a nationwide electricity rationing plan.

China has awarded Venezuela 5 billion dollars for unspecified “development plans,” President Nicolas Maduro said on Sunday, approximately three months after an official visit to China. According to published reports, the loan is part of a 10 billion deal to be completed in the following months.

US Secretary of State John Kerry and Cuban Foreign Minister Bruno Rodriguez have held talks, in the highest level meeting between the two countries in more than half a century. The two were involved in closed-door discussions after arriving in Panama for a summit.

Venezuela has placed a full page ad in The New York Times decrying what it charges are “tyrannical” attempts by the US government to undermine its socialist system. The ad declaring that “Venezuela is not a threat” comes amid mounting tensions between the two countries after President Nicolás Maduro this month accused Washington of plotting to oust him and ordered the US Embassy in Caracas to slash staffing levels.