Venezuelan President Nicolás Maduro chose Trade and Industry Minister Miguel Perez Abad to replace leftist sociologist Luis Salas as the country’s new economy vice president amid a severe economic crisis looming in the embattled country.
The Zika outbreak continues to cause concern around the globe, as an expert decried the lack of information on the virus available in Venezuela. Meanwhile, a Danish hospital confirmed that a tourist had been infected with the disease after visiting southern and central America.
Venezuela's economic situation is so dire that experts are fearing the South American country might eventually default on its $120 billion foreign debt, even though President Nicolás Maduro insisted this week that his government would honor all its financial obligations.
Venezuela's government has requested OPEC hold an emergency meeting due to a collapse in oil prices that has left the country's economy in dire straits, sources at the company said Wednesday.
Venezuela's opposition on Jan. 14 lost the supermajority it had won in the country's Dec. 6 legislative elections, deciding to cave to a Supreme Tribunal ruling preventing three of its lawmakers from being sworn in.
Venezuela's Supreme Court has decided that all actions made by the opposition MUD coalition, which currently holds a majority in the country's National Assembly, will be void until three banned lawmakers are removed from office.
The opposition's new majority in Venezuela's National Assembly has led President Nicolás Maduro to double down on the socialist economic policies he has championed.
In a symbolic gesture that they intend to move away from the socialist policies that have typified Venezuela for the last 17 years, the incoming opposition party removed portraits of former President Hugo Chavez as well as Liberator of the Spanish Americas Simon Bolivar.
The new opposition speaker of the Venezuela’s National Assembly, Henry Ramos Allup, announce on Dec. 5 that his party would soon take measures to force Socialist President Nicolas Maduro out of office.
Venezuela installed its latest democratically elected legislators into its National Assembly on Tuesday, but U.S. Sen. Bob Menendez still has concerns about Venezuela's leadership.
The opposition to Venezuelan President Nicolás Maduro on Jan. 5 took control of the country's National Assembly, presumably initiating a period of heightened confrontation between the embattled socialist leader and those who have long fought the policies of Maduro and his late predecessor, Hugo Chávez.
