CARACAS/SAN CRISTOBAL, Venezuela Arrests for rebellion and desertion are rising sharply in Venezuela's armed forces, a mainstay of President Nicolas Maduro's Socialist government, amid discontent within the ranks at food shortages and dwindling salaries, according to documents and interviews with army personnel. | Video
CARACAS Prices in Venezuela rose 4,068 percent in the 12 months to the end of January, according to estimates by the country's opposition-led National Assembly, broadly in line with independent economists' figures.
BRUSSELS/CARACAS The European Union on Monday announced new sanctions on seven senior Venezuelan officials, saying this was an expression of the bloc's concern with the political crisis under President Nicolas Maduro.
WASHINGTON/CARACAS The U.S. Treasury Department on Tuesday warned that Venezuela's proposed "petro" cryptocurrency could violate sanctions against the OPEC nation's socialist government, a statement that could dent investor appetite for the soon-to-be-launched token.
CARACAS, Jan 16 Advisers to the Venezuelan
government are recommending it sell $2.3 billion of its new
cryptocurrency, the petro, in a private offering at a discount
of up to 60 percent, according to a document reviewed by
CARACAS President Nicolas Maduro said on Friday that Venezuela would issue 100 million units of its new oil-backed cryptocurrency in coming days, although it is unclear whether any investors will want to purchase the "petro" at a time when the OPEC member is going through a deep economic crisis and its leftist government has little credibility.
CARACAS Hundreds of Venezuelans took to the streets in poor parts of Caracas overnight to protest a shortage of pork for traditional Christmas meals in the latest symptom of social discontent during a brutal economic crisis. | Video
CARACAS Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday.
CARACAS, Dec 28 Venezuela's cryptocurrency will
launch within days and be backed by 5.3 billion barrels of oil
worth $267 billion, in a bid to offset a deep financial crisis,
the socialist government said on Thursday.
Venezuela's money supply rose a whopping 14 percent in just one week last month, its steepest rise since records began in 1940, according to central bank figures released Friday.