Venezuela’s Cryptocurrency, the Petro, to Be Backed by Oil Reserves – Maduro

Having financial problems, create you a new currency, the "Petro". Venezuelan President Nicolas Maduro promised on Tuesday to certify the new Petro cryptocurrency in the near future, which will be backed by the country's...

New York Prosecutors Implicate Venezuela’s Maduro as Accomplice in Drug-Trafficking

The District Attorney for the Southern District of New York has released a document that reveals that Nicolás Maduro approved the drug trafficking actions undertaken by his nephews. Prosecutor Joon H. Kim asserts that there...

Venezuela’s Health Crisis: 40 Percent of New Medical Graduates Have Already Left

The crisis in Venezuela is worsening and with it, has come a massive migration of talented professionals who decide to leave their homeland in search of quality of life. The National Survey of Physicians...

Venezuela’s elections are just a new way for Maduro to cling to power

Nicolás Maduro, president of crisis-stricken Venezuela, will run for reelection in Venezuela in 2018, Vice President Tarick Al Aisammi announced in a Nov. 29 press conference. Just a few months ago, it would have seemed...

Venezuela Running Out of Fuel for Air Travel, Leaked Memo Reveals

A newly released memo from Venezuela’s state-owned oil company, PDVSA, reveals the country lacks enough fuel to meet the demands of all aircrafts currently in operation. A memo sent by a PDVSA official to the...

Rights Group Accuses Venezuela of ‘Systematic’ Torture of Political Opponents

Human Rights Watch has released a 62-page report, “Crackdown on Dissent: Brutality, Torture, and Political Persecution in Venezuela,” that accuses Caracas of severe human rights violations against anti-government protesters and political opponents. The report...

Maduro Hands Over Venezuela’s Oil Industry to the Military

The Venezuelan military has taken control of PDVSA, the state-run oil company largely responsible for holding up the last of the country’s economy. This Sunday, November 26, President Nicolás Maduro appointed General of the...

Venezuela’s Socialist Regime Bankrupts Nationalized Supermarket Chain

Another major company is on the verge of bankruptcy in Venezuela due to dictator Nicolás Maduro’s mishandling of the economy, which has let an increasing number of businesses fail in the name of socialism. Abastos...

Venezuela’s ex-prosecutor wants Maduro tried at the Hague

CARACAS (Reuters) - Venezuela's sacked former chief prosecutor on Thursday asked the International Criminal Court to capture and try President Nicolas Maduro and other top officials for crimes against humanity over murders by police...

Russia Agrees to Wait for Venezuela Debt

Venezuela signed a deal in Moscow on Wednesday, November 15, about restructuring US$3.15 billion of debt to the Russian government. Venezuela's economy has been hit by tumbling oil prices and US sanctions. Russia and China...

Number of Venezuelans Seeking Asylum in Brazil Has Doubled since Last Year

The number of Venezuelans who have requested asylum in Brazil has doubled since last year, according to the National Committee of Refugees. In the first seven months of 2016, Brazil received 3,375 Venezuelan asylum...

Nobody is going to bail out Venezuela

Venezuela, the South American country convulsed by economic and humanitarian catastrophe, has defaulted on some of its debt after missing an interest payment due in October. Even as investors meet in Caracas to discuss restructuring...

Under Socialism 60% of Venezuelan Businesses Have Closed

During the last five years of “socialism” in Venezuela, 60% of its businesses have closed, in the wake of the serious economic crisis and the draconian controls imposed by the Nicolás Maduro regime. According to...

Venezuelan Supreme Court Bans Women in Bikinis from Covers of Newspapers, Magazines

Venezuela’s Supreme Court has ordered for the removal of all images of scantily clad women circulating on the covers of publications available to the general public. The decision comes in response to an individual complaint made...

Canada imposes sanctions on Maduro and 18 government officers

Canada imposed sanctions on 52 government officers of Venezuela, Sudan and the Russian Federation on charges of human rights abuses and corruption. The Canadian government renewed on Friday sanctions against Venezuelan President Nicolás Maduro, in...

Maduro announces “restructuring of all future debt payments”; default round the corner?

Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy has left its population struggling to...

Venezuela Teen Preganancy Is Accontable For 1 Out of 4 Births

According to the United Nations Population Fund (UNFPA), Venezuela has one of the highest teenage pregnancy rates in the world. Every 3 minutes, there is a birth from a teenage girl. This is not...

Venezuela’s opposition is on the verge of collapse

It’s been a bittersweet couple of weeks for the Venezuelan opposition, which for six months this year staged daily protests against the authoritarian-leaning regime of president Nicolás Maduro. On Oct. 26, the alliance – which...

Venezuela May Not Be Able To Pay Off Its Billion-Dollar Debt

Venezuela is strapped for cash. And the country is facing deadlines on critical payments that, if missed, would result in the country defaulting on its debt. The nation's state-owned oil company PDVSA just made a payment...

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Venezuela’s Cryptocurrency, the Petro, to Be Backed by Oil Reserves – Maduro

Having financial problems, create you a new currency, the "Petro". Venezuelan President Nicolas Maduro promised on Tuesday to certify the new Petro cryptocurrency in...

New York Prosecutors Implicate Venezuela’s Maduro as Accomplice in Drug-Trafficking

The District Attorney for the Southern District of New York has released a document that reveals that Nicolás Maduro approved the drug trafficking actions...

Venezuela’s Health Crisis: 40 Percent of New Medical Graduates Have Already Left

The crisis in Venezuela is worsening and with it, has come a massive migration of talented professionals who decide to leave their homeland in...

Venezuela’s elections are just a new way for Maduro to cling to power

Nicolás Maduro, president of crisis-stricken Venezuela, will run for reelection in Venezuela in 2018, Vice President Tarick Al Aisammi announced in a Nov. 29...

Venezuela Running Out of Fuel for Air Travel, Leaked Memo Reveals

A newly released memo from Venezuela’s state-owned oil company, PDVSA, reveals the country lacks enough fuel to meet the demands of all aircrafts currently...

Rights Group Accuses Venezuela of ‘Systematic’ Torture of Political Opponents

Human Rights Watch has released a 62-page report, “Crackdown on Dissent: Brutality, Torture, and Political Persecution in Venezuela,” that accuses Caracas of severe human...

Maduro Hands Over Venezuela’s Oil Industry to the Military

The Venezuelan military has taken control of PDVSA, the state-run oil company largely responsible for holding up the last of the country’s economy. This...