Venezuela
Venezuela’s Economic Challenges Ahead of Elections
(Analysis) As Venezuela approaches its pivotal 2024 presidential elections, it stands at a critical juncture, facing severe economic and political challenges.
Amidst high inflation and...
Venezuela Sees Lowest Inflation in Over a Decade
Venezuela's cumulative inflation rate for January until April 2024 is the lowest since 2012 at 6.3%.
This achievement marks a departure from severe hyperinflation, like April 2018's monthly 55.8% and an annual high of 130,060%.
However,...
Sanctions and Diplomacy: U.S. Revisits Venezuela Policy
The United States is reevaluating its sanctions on Venezuela due to recent political developments.
This reassessment follows the revocation of an oil license two weeks...
Venezuela Faces $2 Billion Loss From US Sanctions in Early 2024
Venezuela reported it encountered severe economic challenges in early 2024, with losses exceeding $2...
Renewed Interest in Venezuelan Bonds
Venezuelan bonds have surged to a three-month peak, prompted by JPMorgan Chase reintroducing them into its emerging market indices.
Investors,...
Venezuela’s Strategic Shift to Cryptocurrency for Oil Trading
Venezuela, faced with mounting international sanctions, is now turning to cryptocurrency for oil trading, according to local media.
This represents a significant shift away from...
Strengthening Bonds: Iran-Venezuela Deepen Ties
In a significant diplomatic encounter, Venezuelan President Nicolás Maduro warmly greeted a distinguished Iranian delegation in Caracas.
The delegation was...
Cabinet Reshuffle in Venezuela
Venezuelan President Nicolás Maduro recently announced a reshuffle of key government positions to tackle public service management challenges.
Since 2017,...
Venezuelan Opposition Rallies Behind Edmundo González Urrutia for Presidency
In a significant move, the Venezuelan opposition has united behind Edmundo González Urrutia, endorsing...
Renewed US Sanctions Stir Economic Tension in Venezuela
The United States has reactivated stringent sanctions on Venezuela's oil industry, casting shadows over its...
New Era of Air Connectivity: Venezuela and China
In an announcement made by Ramón Velásquez Araguayán, Venezuela's Minister of Transport, a new air travel chapter unfolds.
Both nations...
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