Venezuela’s President Nicolas Maduro received authority to pass economic laws without congressional approval, a move the opposition says will increase the harassment of businesses and attacks on political rivals ahead of local elections.
Venezuelan bonds tumbled, sending yields to a 22-month high, after President Nicolas Maduro dispatched the military to take over a retail chain as part of his effort to quell inflation that’s soared above 50 percent.
Venezuelan President Nicolas Maduro requested special powers from the National Assembly yesterday to fight the world’s highest inflation rate, the collapse of public services and shortages of goods ranging from milk to beer.
Venezuelan National Assembly President Diosdado Cabello accused lawmakers from the party of former opposition presidential candidate Henrique Capriles Radonski of receiving financial contributions without declaring them to the electoral board.
Venezuela National Assembly President Diosdado Cabello said today that he would not call new elections if President Hugo Chavez is unable to be sworn in for a new term as scheduled on Jan. 10 because of cancer treatment in Cuba.
Top Venezuelan officials have left open the possibility that cancer-stricken President Hugo Chavez may not have to be sworn-in Jan. 10 to start a new six-year term, as stipulated in the country’s constitution.
Venezuela will increase the sale of dollars by starting weekly auctions in a bid to arrest the decline of the bolivar on the black market and boost imports amid shortages of everything from toilet paper to chicken.
A senior Obama administration official is disputing Venezuelan President Nicolas Maduro’s claim that plots against his life by former U.S. government officials forced him to cancel a trip this week to New York.
Venezuelan President Hugo Chavez is experiencing a “severe” respiratory infection that is making it hard for the cancer-stricken leader to breathe less than a week before he is due to start a new term.