Venezuela on edge as Maduro unveils raft of economic reforms
Uncertainty reigned in Venezuela on Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor South American country into chaos. Ahead of a major currency overhaul on Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled…
Venezuela relaunches currency, analysts warn of worsened crisis
Venezuela will start issuing new banknotes on Monday after slashing five zeroes off the crippled bolivar, but analysts warn the measure will do nothing to stop a worsening economic crisis.
Venezuela vows to eradicate plots after Maduro 'assassination' bid
Venezuelan President Nicolas Maduro on Monday renewed his accusation against his Colombian counterpart, blaming him for what Caracas has called a drone "assassination" attempt on the Socialist leader over the weekend.
Venezuela arrests six 'terrorists' over attempted Maduro hit
Venezuela's government said on Sunday it had arrested six "terrorists and hired killers" over an alleged assassination attempt on President Nicolas Maduro using explosive-laden drones. Interior and Justice Minister Nestor Reverol announced the arrests on state television, saying "several vehicles have been seized and hotel raids carried out in Caracas where important information was collected."…
Controversial Venezuelan legislature's term could be extended
Venezuela's controversial Constituent Assembly could extend its term for up to four years, its government loyalist president Diosdado Cabello said on Monday. The controversial body, dominated by allies of President Nicolas Maduro, was created a year ago to supplant the opposition-controlled National Assembly, amidst deadly civilian protests. It is a superagency body with authority above…
After tests, WHO rules out return of polio to Venezuela
Tests carried out by the World Health Organization following a suspected case of polio in Venezuela have ruled out any return of the crippling childhood disease, the UN agency has said. Polio has been eradicated for decades in the crisis-wracked country, with the last case of acute poliomyelitis reported in 1989, a former health minister…
EU to 'swiftly' hit Venezuela with sanctions over election
EU foreign ministers on Monday agreed to "swiftly" adopt new sanctions against Venezuelan officials involved in Nicolas Maduro's re-election, which they said "lacked any credibility".
Trump says detained American released in Venezuela
US President Donald Trump announced Saturday that Venezuela has released American Joshua Holt after nearly two years in jail in the leftist-ruled country, and that he was heading home for a White House reception.