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Tag: venezuela economy

RIO DE JANEIRO, BRAZIL - The timeline has closed for Venezuela to join the COVAX facility for COVID-19 vaccines, an official with the Pan American Health Organization (PAHO) said on Tuesday, January 19th, though the country was still negotiating...
RIO DE JANEIRO, BRAZIL - Venezuela’s civil aviation authority said on Monday, January 17th, it is reopening flights to Panama and the Dominican Republic that it shut last month due to coronavirus pandemic. Last year, Venezuela allowed flights to Turkey,...
RIO DE JANEIRO, BRAZIL - The Swiss Prosecutor's Office detected bank accounts with over US$10 billion that they suspect come from misappropriated public funds in Venezuela, reported the newspaper Le Matin Dimanche. Since opening investigations in late 2019, public prosecutors...
RIO DE JANEIRO, BRAZIL - (Reuters) Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned Petroleos de Venezuela (PDVSA) and receiving part of the proceeds, according to...
RIO DE JANEIRO, BRAZIL - Like many other young Venezuelans, Valery Lopez has found a way to survive the South American country's crippling economic crisis: through online sexual content. Lopez, 20, loves her body and by exposing it online she...
RIO DE JANEIRO, BRAZIL - Venezuela on Monday, January 11th, criticized joint naval exercises by the United States and Guyana, with which it has a territorial dispute. Vice President Delcy Rodriguez told a news conference that the manoeuvres were an...
RIO DE JANEIRO, BRAZIL - Fearing of doing business with politically-exposed clients in a sanctions-hit country, Zurich-based Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy. One of Switzerland’s most powerful global wealth managers, investment banks...
RIO DE JANEIRO, BRAZIL - Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run oil monopoly PDVSA, financially squeezing socialist President...
RIO DE JANEIRO, BRAZIL - With her arms full of US$11.87 worth of bananas, red peppers and onions, an elderly woman at a produce stand in western Caracas approaches vendor Walquiria Garcia and offers to pay with a US$10...

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