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Crisis News

Venezuela's opposition-controlled legislature makes new military offer

Caracas - Members of the Venezuelan armed forces that abandon President Nicolas Maduro will keep their rank and be reinstated once a new government is in place, the opposition-controlled legislature said Tuesday.

'Hear Nicaragua's cry': Ortega's opponents urge Europe to act

Paris - Visiting Nicaraguan opposition leaders have called on Europe to impose sanctions on the government of President Daniel Ortega following months of human rights' violations and crackdowns on public protests.

Nicaragua suspends government peace talks over 'repression'

Managua - Nicaragua's opposition alliance suspended its participation in peace talks with Daniel Ortega's government Monday in protest over the regime's "violence and repression" of demonstrators.

Venezuela frees German journalist after four months

Caracas - German journalist Billy Six, detained by Venezuelan intelligence services four months ago, was freed Friday in Caracas -- but must report to the court every 15 days, an NGO confirmed.

Who backs whom in Venezuela crisis

Caracas - World powers are taking sides in the struggle between the rivals to lead Venezuela, which has pitted some Western nations against Russia, China and others.

Maduro vs. Guaido: Who is backing whom?

Caracas - Venezuela has been receiving massive attention from the international community since National Assembly chief Juan Guaido declared himself acting interim president of Venezuela.

Four scenarios for Venezuela's growing political crisis

Caracas - The political crisis in Venezuela has intensified since Juan Guaido proclaimed himself acting president, but what happens next depends on the United States and the Venezuelan military.

The forces behind Venezuela's Maduro-Guaido power struggle

Caracas - By declaring himself acting president, Venezuela's opposition leader Juan Guaido sparked a leadership battle with the head of state, Nicolas Maduro.

Ukraine sentences ex-leader Yanukovych in absentia for treason

Kiev - A Ukrainian court on Thursday found ex-president Viktor Yanukovych guilty of high treason and sentenced him in absentia to 13 years in prison for asking Russia's Vladimir Putin to send troops to Ukraine.

Verdict due in former Ukraine leader's treason trial

Kiev - A Ukrainian court on Thursday began delivering a verdict in the case of former Ukrainian president Viktor Yanukovych who is on trial for treason for attempting to quash a 2014 pro-Western uprising.

US, regional powers recognise Maduro opponent as Venezuela leader

Apo - The United States and major South American nations recognised Venezuelan opposition leader Juan Guaido as interim leader Wednesday while the EU called for free elections to restore democracy, leaving President Nicolas Maduro increasingly isolated.

Venezuelan opposition rejoices as lawmaker proclaims himself president

Caracas - Tens of thousands of opposition protesters burst into ecstatic cheering and shouts of joy in the streets of Caracas on Wednesday after parliament leader Juan Guaido proclaimed himself interim president.

Regional powers recognize Maduro opponent as interim leader

Davos - The United States, Canada and major South American nations recognized the head of Venezuela's opposition-controlled legislature as the country's interim leader on Wednesday, leaving President Nicolas Maduro increasingly isolated.

US, S. American nations recognize Maduro opponent as interim leader

Davos - The US, Canada and several major South American nations recognized the head of Venezuela's opposition-controlled legislature as the country's interim leader on Wednesday, leaving President Nicolas Maduro increasingly isolated.

Mexico backs Maduro as Venezuela president amid crisis

Mexico - Mexico still backs Nicolas Maduro as Venezuelan president, the government's top spokesman said Wednesday after the head of Venezuela's opposition-controlled legislature declared himself interim president.

Brazil, US back Guaido as Venezuela's interim president

Bras - Brazil and the United States led several regional governments in backing the head of Venezuela's opposition-controlled parliament after he declared himself interim president Wednesday in open defiance of Nicolas Maduro.

A year after IS defeat, Iraq in throes of political crisis

Baghdad - A year since Iraq announced "victory" over the Islamic State group, the country finds itself in the throes of political and economic crises left unresolved during the long battle against jihadists.

Sri Lanka parliament blocks govt spending amid crisis

Colombo - Sri Lanka's parliament on Friday escalated a power struggle with President Maithripala Sirisena, voting to block spending by the disputed government he installed last month.

Sri Lanka MPs boycott parliament as crisis drags on

Colombo - Allies of Sri Lanka's embattled president Maithripala Sirisena boycotted parliament Tuesday as the country drifted into a second month of political turmoil.

Sri Lanka president vows never to reappoint ousted PM

Colombo - President Maithripala Sirisena on Sunday reignited the power struggle that has crippled Sri Lanka's government for more than a month, vowing never to reappoint arch-rival Ranil Wickremesinghe as prime minister.

Sri Lanka president vows never to reappoint ousted premier

Colombo - President Maithripala Sirisena on Sunday reignited the power struggle that has crippled Sri Lanka's government for more than a month, vowing never to reappoint arch-rival Ranil Wickremesinghe as prime minister.

'Lehman Weekend': the biggest bankruptcy in American history

Washington - It was "Lehman Weekend." The moment in September 2008 when the 150-year-old investment bank Lehman Brothers collapsed, precipitating the worst global economic crisis since the 1930s.

World unprepared for next financial crisis: ex-IMF chief

Paris - The world is less well equipped to manage a major financial crisis today than it was a decade ago, according to Dominique Strauss-Kahn, a former chief of the International Monetary Fund (IMF).

10 years ago, Iceland's massive financial crisis erupted

Reykjav - Banks in ruins, a currency in free fall and the IMF called to the rescue: A decade ago Iceland's worst financial crisis erupted, a traumatic experience the nation still struggles to forget.

'Our mortgage doubled': The Iceland families bearing cost of crash

Reykjav - It's been 10 years since Iceland's economy crashed, but Asthildur Thorsdottir and her husband Hafthor Olafsson are still struggling with crippling debt and an uphill legal battle to save their family home.

10 years on, crisis mode is new normal for central banks

Frankfurt Am Main - The collapse of US investment giant Lehman Brothers 10 years ago forced central banks to take unprecedented steps to help rescue the global economy, thrusting them into uncharted territory they are still navigating.

EU announces 35mn euro aid package for Venezuela crisis

Vienna - The EU announced a 35 million euro ($41mn) aid package on Friday to counter the effect of Venezuela's economic crisis, which has sparked one of the biggest exoduses in Latin American history.

Venezuela denies Colombia's claims of armed forces incursion

Caracas - Venezuela hit back at Colombia on Wednesday branding as fake news claims from its neighbor that helicopters and troops had violated its sovereignty in an illegal incursion.

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.
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