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Venezuela: Inflation hits more than 40,000%, investors dump currency

Venezuela: Inflation hits more than 40,000%, investors dump currency

Venezuela’s inflation rate has hit a new high, according to university research, with consumer prices in the crisis-ridden country rising by more than 40,000% annually for the first time on record. Steve H. Hanke, an applied economics professor at Johns Hopkins University, told Business Insider on Friday that annual inflation in the country has risen […]

‘Get your dirty hands out of Venezuela’ – President Nicolas Maduro to Donald Trump

‘Get your dirty hands out of Venezuela’ – President Nicolas Maduro to Donald Trump

The United States should “get out of Venezuela,” the country’s leader, Nicolas Maduro, said after Washington slapped Venezuelan top judiciary officials with sanctions to “support” the Venezuelan people. The new sanctions package, targeting the chief judge and seven other members of Venezuela’s Supreme Court, was imposed by the US Treasury to “advance democratic governance” in […]

‘Mother of All Marches’ Turns Violent in Venezuela

‘Mother of All Marches’ Turns Violent in Venezuela

Clashes between protesters and security forces erupted in Venezuela during marches taking place Wednesday in at least 12 cities across the country. Hundreds of thousands of Venezuelans took to the streets to protest the government of President Nicolás Maduro as the country marked its 207th anniversary of the revolution that led to its independence from […]

Venezuelan police in riot gear fire buckshot and swing batons to break up rallies a day after court gutted Congress

Venezuelan police in riot gear fire buckshot and swing batons to break up rallies a day after court gutted Congress

Security forces violently repressed protests that broke out in Venezuela’s capital on Friday after the Supreme Court gutted the opposition-controlled Congress of its last vestiges of power. The move on Thursday drew widespread condemnation from foreign countries and even triggered a sharp rebuke from the nation’s normally pro-government chief prosecutor. Governments across Latin America condemned […]

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