As Venezuelan Oil Production Collapses, Latin America Looks for a New Petroleum Leader

For years, Venezuela was a world leader in the oil industry. Today, its production has drastically declined, reaching unprecedentedly low levels. Crude oil fell by 11 percent in December, the Wall Street Journal reported,...

Recent Wave of Looting Shows Extent of Hunger in Venezuela

The economic crisis and the food shortage in Venezuela is so serious that looting has become commonplace throughout the country. In January alone, nearly 400 small protests and more than 100 instances of looting...

Gourmet Chocolate Becomes Economic Lifeline in Venezuela

Caracas (VOA) - In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on a stone counter to make chocolate bars to be sold...

As Crisis Worsens, Venezuelans Turn to Perilous Escape Routes by Sea

On January 10, a group of Venezuelan rafters headed for Curaçao were met with tragedy. Many people on the raft died, and then the survivors were intercepted by authorities. They are now in police...

Venezuela Cuts Transport Connection With Neighboring Islands to Fight Smuggling

Venezuelan President Nicolas Maduro has announced that the transport connection with the Dutch islands of Aruba, Curacao and Bonaire will be cut amid the campaign against smuggling. "Beginning from today the air and sea...

Venezuela’s Economic Woes Forces Women Into Prostitution to Feed Children

A three-story hotel in western Caracas has become home to a 50-year-old prostitute, Juana, who, along with her 30-year-old daughter, works in a brothel in the Venezuelan capital. Sputnik Mundo found out how prostitution...

New Monthly Minimum Wage in Venezuela Barely Enough to Buy Daily Cup of Coffee

Venezuelan President Nicolás Maduro announced a new increase in the minimum wage this year, but it’s only worth enough to purchase one a cup of coffee per day. The new wage amounts to a daily...

Maduro Announces 40% Minimum Wage Increase for New Year

Venezuelan President Nicolas Maduro announced Sunday, just before the new year, a 40 percent increase in the minimum wage — as a protection for Venezuelans against ongoing aggression. Effective January 1, the salary increase brings...

Venezuela Welcomes All Tourists Crazy Enough to Go There

As Venezuelan bulls go, Vice President Tareck El Aissami is hard to beat. Who else could announce that the travel and leisure industry in the hemisphere’s most deranged economy was on a roll? “Our country...

Venezuela’s Oil Industry Is Falling Apart

CARACAS (IPS) - Corruption in the Venezuelan state oil industry, denounced by the government itself, and with former ministers and senior managers behind bars, is the latest evidence that, in the country with the...

Venezuela crisis: Farmers struggle as people go hungry

The state of Portuguesa is Venezuela's breadbasket - full of crops like rice, beans, soya and sunflowers. It is also where Venezuela's staple corn is grown - the raw material for much-loved corn patties or...

Venezuelan Dictatorship Considers Breaking Economic Ties with Caribbean Islands, Colombian Cities

Nícolas Maduro’s regime is threatening to suspend all communication and trade with neighboring Caribbean countries such as Aruba, Curaçao, Bonaire — as well as the Colombian border regions of Cúcuta and Maicao — due...

McDonalds in Venezuela Offers Yucca Instead of French Fries

The shortage of imported products in Venezuela is reaching worrying levels and it is not an exaggeration, since McDonald's has recently left its Venezuelan customers without french fried potatoes, the side to its hamburgers. The...

Fuerza Venezuela, Colombia Loves You!

We all know the difficult times that are happening in Venezuela. A civil war is one of the definitions for the daily situation that exists in Venezuela, where getting a job is difficult, insecurity...

How Venezuela Became a Communist Totalitarian State

When Hugo Chávez was running in his first successful presidential campaign, back in 1998, he was asked point blank in several television interviews whether or not he was a communist. His reply was identical to...

Venezuela to Give Russia Rosneft Gas Field Rights

Caracas has awarded licenses to Russian oil giant Rosneft for the development of two offshore gas fields, according to Rosneft, cited by Reuters. The deal was signed between Venezuelan President Nicolas Maduro and Rosneft CEO...

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...

Latest

As Venezuelan Oil Production Collapses, Latin America Looks for a New Petroleum Leader

For years, Venezuela was a world leader in the oil industry. Today, its production has drastically declined, reaching unprecedentedly low levels. Crude oil fell...

Recent Wave of Looting Shows Extent of Hunger in Venezuela

The economic crisis and the food shortage in Venezuela is so serious that looting has become commonplace throughout the country. In January alone, nearly...

Gourmet Chocolate Becomes Economic Lifeline in Venezuela

Caracas (VOA) - In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on...

As Crisis Worsens, Venezuelans Turn to Perilous Escape Routes by Sea

On January 10, a group of Venezuelan rafters headed for Curaçao were met with tragedy. Many people on the raft died, and then the...

Venezuela Cuts Transport Connection With Neighboring Islands to Fight Smuggling

Venezuelan President Nicolas Maduro has announced that the transport connection with the Dutch islands of Aruba, Curacao and Bonaire will be cut amid the...

Venezuela’s Economic Woes Forces Women Into Prostitution to Feed Children

A three-story hotel in western Caracas has become home to a 50-year-old prostitute, Juana, who, along with her 30-year-old daughter, works in a brothel...

New Monthly Minimum Wage in Venezuela Barely Enough to Buy Daily Cup of Coffee

Venezuelan President Nicolás Maduro announced a new increase in the minimum wage this year, but it’s only worth enough to purchase one a cup...