economa News
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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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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
Caracas -
Venezuela's currency has lost so much value that people simply throw away their small bills -- they are virtually worthless anyway.
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By AFP
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.
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By AFP
Havana -
The European Union will "survive" Britain's Brexit departure and will remain strong, the bloc's foreign policy chief said Wednesday.
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By AFP
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.
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By AFP
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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.
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By AFP
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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