Caracas, Venezuela | AFP | Venezuela’s President Nicolas Maduro announced Monday he was almost doubling the minimum wage in an effort to tackle the crisis-wracked Latin American country’s runaway inflation. Venezuela’s economic collapse ranks as one of the worst in modern history, with hyperinflation likely to see prices soaring 13,000 percent …
Read More »Venezuela’s Maduro in Algeria for talks on oil
Algiers, Algeria | AFP | Venezuelan President Nicolas Maduro visited fellow OPEC member Algeria Monday for talks after announcing Caracas would sell crude oil in non-dollar currencies in a bid to resist US sanctions. Maduro arrived late Sunday in the North African country and met Senate speaker Abdelkader Bensalah on …
Read More »Venezuela to sell oil in currencies other than dollar
Caracas, Venezuela | AFP | Venezuelan President Nicolas Maduro announced Friday his government will sell oil and other commodities in currencies other than the dollar, in a bid to weather US-imposed sanctions on the embattled country. “I have decided to start selling oil, gas, gold and all other products that Venezuela …
Read More »Helicopter launches grenade attacks on Venezuela Supreme Court: Maduro
Caracas, Venezuela | AFP | Venezuela’s army has been put on alert after four grenades were hurled at the Supreme Court from a helicopter, President Nicolas Maduro said Tuesday, in a potentially dramatic escalation of the violence gripping the oil-rich South American country. The helicopter assault comes a day after …
Read More »Venezuela’s Maduro accuses opponents of ‘parliamentary coup’
Caracas, Venezuela | AFP | Venezuelan President Nicolas Maduro accused the opposition-majority legislature Tuesday of staging a “parliamentary coup” after lawmakers voted to put him on trial amid a tense political and economic crisis. “I have called a meeting tomorrow at 11:00 am (1500 GMT) at the National Defense Council …
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