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Hard-hit Venezuelan churches forced to accept plastic for donations

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.

Cuba's tourism numbers rising despite US 'campaigns': government

Havana - The number of tourists visiting Cuba is rising, despite US "campaigns" to curb economic activity on the communist island, Cuban officials announced Friday.

Nicaragua's economy laid low by months of unrest

Managua - Tourist spots are empty, shopping centers and hotels are shuttered, loans for farming have dried up, and unemployment is accelerating.

How far can Venezuela go in raising price of world's cheapest gas?

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.

Venezuela's president admits economy has failed

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.

Stripping zeros not the answer to save Venezuelan economy, say analysts

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.

G20 finance ministers to tackle trade war impact on global economy

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.

Reforms loom, but not capitalism: Cuba president

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.

OPEC data show Venezuela oil output in free fall

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.

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...

Temer, Pence discuss Venezuela, Brazilian kids separated at US border

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.

Mexico says NAFTA deal still possible in coming weeks

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.

Economic crisis cuts swathe through Venezuela society

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.

Venezuela inflation hits 13,779 percent: lawmakers

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.

Maduro raises minimum wage again as Venezuela battles hyperinflation

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.

US lashes out at 'repugnant' regime violence in Nicaragua

Managua - The United States on Tuesday accused Nicaragua's government of "repugnant" violence and repression against protesters demanding the ouster of President Daniel Ortega.

UN says Nicaragua protest killings may be 'unlawful'

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.

Journalist killed as protests flare in Nicaragua

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.

Economic crisis forces slowdown at Venezuela universities

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.

Ivanka Trump talks up LatAm women's fund for entrepreneurs

- 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.

Slippery start for Venezuela's petro crypto coin

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.

Conservative billionaire Pinera sworn in as president of Chile

Valpara - Conservative billionaire Sebastian Pinera was sworn in Sunday to his second term as president of Chile, replacing socialist Michelle Bachelet in the office for the second time in eight years.

Pinera, a conservative billionaire, is sworn in as president of Chile

Valpara - Conservative billionaire Sebastian Pinera was sworn in Sunday to his second term as president of Chile, replacing socialist Michelle Bachelet in the office for the second time in eight years.

Brazil feels pain of US steel tariffs

Bras - Brazilian iron and steel shares took a hit Friday, as markets weighed a potential trade war in response to Washington's decision to impose hefty tariffs on foreign steel and aluminum.

Worthless currency becomes art, of sorts, in struggling Venezuela

Caracas - Venezuela's currency has lost so much value that people simply throw away their small bills -- they are virtually worthless anyway.

Venezuela sets initial digital currency value at $60

Caracas - Venezuela on Wednesday set the initial value of a digital currency it created to overcome a liquidity crisis at $60, but its price will fluctuate based on the oil market, authorities said.

EU will 'survive' Brexit, remain strong: Mogherini

Havana - The European Union will "survive" Britain's Brexit departure and will remain strong, the bloc's foreign policy chief said Wednesday.

Feeding a metropolis: Mexico City's Central Market

Mexico - With hotels, car rental agencies, restaurants and even banks, Mexico City's main fruit and vegetable market, the "Central de Abasto", is more than just a place to get your groceries -- it is a mini city within a city.

Peru's Kuczynski dodges impeachment, but is badly weakened

- A much-weakened Pedro Pablo Kuczynski embarked on a cabinet reshuffle Friday, a day after the Peruvian president narrowly staved off impeachment over allegations of corruption linked to disgraced Brazilian construction firm Odebrecht.

Venezuela's currency crumbles at dizzying speed

Caracas - Venezuela's money, the bolivar, is sinking faster and faster under an intensifying political and economic crisis that has left citizens destitute and increasingly desperate.
 

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