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Crisis News

OAS chief reiterates call for Nicaragua elections

Santiago - Crisis-torn Nicaragua must hold elections to return the country to democracy after four months of protests against President Daniel Ortega's rule, the head of the Organization of American States said Sunday.

Peru sees single day record number of Venezuelans arrive

- A record number of Venezuelans fleeing poverty, economic collapse and a political crisis entered Peru on a single day, authorities said on Wednesday.

Controversial Venezuelan legislature's term could be extended

Caracas - Venezuela's controversial Constituent Assembly could extend its term for up to four years, its government loyalist president Diosdado Cabello said on Monday.

Nicaragua rights group urges Ortega to disband paramilitaries

Managua - A rights group in Nicaragua on Thursday called on President Daniel Ortega to disband paramilitary groups accused of killing, torturing and kidnapping anti-government protesters.

Where now for Venezuela with 1,000,000% inflation?

Caracas - Whether it sparks a social revolution or forces the government to open up the economy, one thing for sure is that Venezuela's projected one million percent inflation will heap more misery on an already suffering population.

At Trump summit, Putin made 'concrete' Ukraine offer: envoy

Moscow - Russian President Vladimir Putin has made a concrete offer on Ukraine to his US counterpart Donald Trump, the Russian ambassador to Washington said Friday, after a report that the Kremlin chief suggested a referendum in conflict-torn eastern Ukraine.

Nicaragua's crisis deals a crushing blow to businesses large and small

Managua - With hotels, restaurants, bars, stores, workshops and even tortilla sellers driven out of business or struggling to survive, and with thousands of people left jobless, the turbulent political crisis sundering Nicaragua has taken a broader toll, plungin...

In Venezuela, five years of severance pay now buys a coffee

Caracas - When Yolanda Abreu got her check for severance pay after five years working as a cardiologist, she let out a laugh of sheer disbelief: it was barely enough for a cup of coffee.

Venezuela's collapse one of the worst in modern history:IMF

Washington - Venezuela's economic collapse ranks as one of the worst in modern history, an International Monetary Fund official said on Friday.

Russians in Ukraine to be blocked from voting in presidential poll

Kiev - Russians living in Ukraine will be unable to vote in Russia's presidential election because access to Moscow's diplomatic missions will be blocked, Kiev said Friday.

Ukraine war hero accused of parliament attack plot

Kiev - A Ukrainian lawmaker once hailed as a hero and a symbol of resistance against Russia, has been accused of plotting a terrorist attack against the Kiev parliament, authorities said Thursday.

What impact would a US oil embargo have on Venezuela?

Caracas - Venezuela would suffer a devastating economic blow if the United States saw through threats to impose an embargo on its oil exports, but such a move would not guarantee any change of leadership in Caracas, analysts say.

UN mediation effort on Honduras political crisis stalls

Tegucigalpa - Bitter divisions over a contested presidential election in Honduras have dimmed prospects for talks mediated by the United Nations to defuse the crisis, a former diplomat involved in the effort said Wednesday.

Venezuela condemns US senator who says world would back a coup

Caracas - The Venezuelan government has sharply condemned the suggestion by US Senator Marco Rubio that "the world would support" an armed coup to remove President Nicolas Maduro, whom the American lawmaker denounced as a "dictator.

Tug-of-war in Venezuela over rebels' bodies

Caracas - Dozens of Venezuelan soldiers ringed a Caracas morgue Wednesday where the body of dissident former police officer Oscar Perez and six others were taken after being gunned down in a bloody police operation.

Ham shortage hits holiday meals in Venezuela

Caracas - Shortages in Venezuela have now hit an essential part of traditional Christmas and New Year's meals, leaving frustrated citizens with a new holiday chorus: "We want our ham!

Venezuela opposition aims to unify behind one candidate in 2018 poll

Caracas - Venezuela's fractured opposition said Friday it planned to drop competing agendas to unify behind a single candidate in the 2018 presidential elections in which leader Nicolas Maduro is seeking a new mandate."We promise to boost our unity...

'Advances' but no deal after Venezuela rivals talk

Santo Domingo - Venezuela's government and opposition made "significant advances" in the latest talks aimed at resolving the country's crushing economic and political crisis, they said Saturday after two days of meetings in the Dominican Republic.

Venezuela rivals begin new crisis negotiations bid

Santo Domingo - President Nicolas Maduro's leftist government and the main opposition coalition resumed talks in the Dominican Republic Friday, aimed at resolving Venezuela's crushing economic and political crisis.

General named to head debt-ridden Venezuelan oil company

Caracas - Venezuela's President Nicolas Maduro on Sunday named a general to head debt-ridden PDVSA and ordered a "total restructuring" at the state oil giant, in a move that emphasized military support for his regime.

Venezuela: PDVSA makes payments on $233 million debt

Caracas - Venezuela's state-owned oil firm PDVSA said Friday it has started to repay $233 million in interest on two bonds nearing default, days before the end of the 30-day grace period.

Political crisis tarnishes Germany's trademark stability

Berlin - The political crisis in Berlin challenges the idea of "German exceptionalism"as an anchor of democratic stability and a bulwark against a wave of populism, analysts said Tuesday.

Lebanon's Hariri in Paris after Saudi 'hostage' rumours

Paris - Lebanese Prime Minister Saad Hariri arrived in France on Saturday from Saudi Arabia, where his shock resignation announcement two weeks ago sparked accusations that he was being held there against his will.

Lebanon's Hariri set to leave Saudi Arabia for France

Riyadh - Lebanese Prime Minister Saad Hariri was on Friday preparing to leave Saudi Arabia for France, a move aimed at defusing political turmoil sparked by his shock resignation in Riyadh.

Venezuela's ex-prosecutor urges ICC to probe Maduro

Den Haag - Venezuela's former attorney general urged the International Criminal Court on Thursday to launch an investigation into alleged abuses of murder and torture by the leaders of the crisis-hit country.

Citgo is key link between US and Venezuela

Washington - Despite its deepening travails, Venezuela remains an important player in the United States, where it owns oil refineries and pipelines through Citgo, a unit of Venezuelan state oil company PDVSA.

Venezuela 'selective default' declared, govt insists it is paying up

Caracas - Venezuela and the jewel of its petroleum-dependent economy, state oil company PDVSA, were declared in partial default by ratings agencies Tuesday, but the government insisted it was in the process of paying up.

Venezuelan officials arrested for graft in state oil company

Caracas - Venezuelan police have arrested a deputy minister and nine officials from state oil company PDVSA for allegedly doctoring crude production figures, the state prosecutor's office said Monday.

No headway in Venezuela debt talks

Caracas - Venezuela hosted a brief meeting of creditors on Monday as the struggling yet oil-rich country sought to stave off a default seen as inevitable by experts, while the EU stepped up the pressure with new sanctions on Caracas.

Venezuela's day of reckoning?

Caracas - Monday looks like crunch day for Venezuela, with a planned Caracas meeting for creditors to discuss debt restructuring, a New York bondholders' meeting that could lead to a default announcement, and new EU sanctions.
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