economa News
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By AFP
Havana -
The first of more than 6,000 Cuban doctors working in Brazil arrived back on the Communist-run island Thursday after Havana announced it was withdrawing from a medical aid program over a spat with President-elect Jair Bolsonaro.
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By AFP
Havana -
As the second anniversary of Fidel Castro's death approaches, Cuban authorities are working on a center for the study and promotion of his ideas, the official newspaper Granma reported Saturday.
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By AFP
Washington -
The World Bank on Friday expressed concern over the "fragile" economic recovery in Latin America and the Caribbean, weighed down by Venezuela's spiraling crisis and weak performances in Brazil and Argentina.
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By AFP
Caracas -
Venezuelan President Nicolas Maduro said Saturday he had new commitments from Beijing on funding for the oil industry on which crisis-hit Caracas relies.
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By AFP
Managua -
Many shops, banks and gas stations were closed Friday in a 24-hour strike in Nicaragua called by the opposition in protest at "political prisoners" and the rule of President Daniel Ortega's government.
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By AFP
Caracas -
Venezuelan authorities have arrested 131 people accused of attempting to sabotage reforms implemented by President Nicolas Maduro to alleviate a crippling economic crisis, the attorney general said on Thursday.
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By AFP
Caracas -
President Nicolas Maduro has launched a raft of economic reforms aimed at injecting life into his country's dying economy, but Venezuelans aren't convinced and continue to flee in the thousands.
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By AFP
Caracas -
Venezuelan President Nicolas Maduro ordered banks to adopt the petro cryptocurrency as a unit of account Monday, as the country struggles to emerge from a severe political and economic crisis.
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By AFP
Havana -
Cuba has signaled its willingness to open up the operation of its extensive state railway system to foreign companies in a decree published Wednesday as part of a spate of economic reforms.
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By AFP
Caracas -
Venezuela's collapsing economy has forced churches and priests to get creative in order to keep their coffers full as four years of recession and a projected one million percent inflation rate hit everyone hard.
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By AFP
Havana -
The number of tourists visiting Cuba is rising, despite US "campaigns" to curb economic activity on the communist island, Cuban officials announced Friday.
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By AFP
Managua -
Tourist spots are empty, shopping centers and hotels are shuttered, loans for farming have dried up, and unemployment is accelerating.
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By AFP
Caracas -
In Venezuela's inflation-hit economy, a single US dollar can buy 3.5 million liters of gasoline -- an absurdity that the government says it will tackle with a hike in the cost of state-subsidized fuel.
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By AFP
Caracas -
Under-fire Venezuela President Nicolas Maduro admitted his economic model has "failed" in the wake of food and medicine shortages and public service paralysis, such as Tuesday's power failure that affected 80 percent of Caracas.
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By AFP
Caracas -
Zapping five zeros off Venezuela's almost worthless currency is nothing but a half-hearted measure and won't solve the country's chronic hyperinflation, analysts have told AFP.
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By AFP
Buenos Aires -
Global trade conflicts triggered by the protectionist policies of US President Donald Trump are set to dominate this weekend's meeting of Group of 20 finance ministers in Buenos Aires.
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By AFP
Havana -
Cuban President Miguel Diaz-Canel on Tuesday said that while reforms loom in the Communist country, they would not be an embrace of capitalism.
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By AFP
Caracas -
Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday.
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By AFP
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...
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By AFP
Bras -
Brazilian President Michel Temer and US Vice President Mike Pence discussed Tuesday the fate of Brazilian children stranded at America's southern border and Venezuela's deepening crisis.
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By AFP
Mexico -
Mexico said Thursday there is no "do-or-die date" to conclude an updated trade deal with the United States and Canada, insisting a new agreement is possible from the end of May.
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By AFP
Maracaibo -
On an avenue in Maracaibo, the once-thriving heart of Venezuela's oil industry, the buses no longer run. Instead, people squeeze onto a dinky tourist train to take them home.
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By AFP
Caracas -
Venezuela's dizzying inflation rose to 13,779 percent in the past year, a study released Monday by the opposition-dominated National Assembly has found.
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By AFP
Caracas -
Venezuela's President Nicolas Maduro announced Monday he was almost doubling the minimum wage in an effort to tackle the crisis-wracked Latin American country's runaway inflation.
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By AFP
Managua -
The United States on Tuesday accused Nicaragua's government of "repugnant" violence and repression against protesters demanding the ouster of President Daniel Ortega.
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By AFP
Managua -
The United Nations said Tuesday that many deaths in nearly a week of anti-government protests violently repressed by police in Nicaragua may have been "unlawful" and called for an investigation.
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By AFP
Managua -
A Nicaraguan journalist was shot dead Saturday while filming a confrontation between demonstrators and the police, amid a wave of protests against the government which have left 11 people dead.
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By AFP
Caracas -
Teachers unable to pay the bus fare to get to class, students stuck in long supermarket lines in the quest for affordable food: Venezuela's academics say the deep economic crisis is paralyzing the country's universities.
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By AFP
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Ivanka Trump, daughter and advisor to US President Donald Trump, on Friday announced a private-public funding plan to boost businesses started by women in Latin America.
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By AFP
Caracas -
The government of crisis-torn Venezuela, struggling to overcome chronic liquidity shortages and burdened by US sanctions, launched the first government-backed cryptocurrency, the petro, earlier this year.
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