In Venezuela, price of US dollar up 479 percent in a year
Venezuela, currently in the throes of an escalating crisis with the United States, closed the books Wednesday on a complicated year for its economy, with the official cost of buying a US dollar up 479 percent in the last 12 months. The gap between the official and black market rate is mounting as well, nearing […]
Return to bad days of hyperinflation looms in Venezuela
Venezuelans are grappling with political and economic chaos, a mass population exodus and fears of a US military attack. Now, their wallets are ever thinner as a return to hyperinflation looms. Increasingly, people live hand to mouth, buying a tomato here, a few onions there as they manage to scrape together enough bolivars for just […]
Border Patrol says more than 1,000 migrants, most from Venezuela, turn themselves in to immigration authorities in El Paso
The United States Border Patrol reported that more than 1,000 migrants who crossed into the country from Ciudad Juárez, Mexico, turned themselves in this Wednesday to the agents of this institution in El Paso, Texas. According to a publication on social networks by the Border Patrol in the El Paso sector, the majority of migrants […]
A former Citgo executive sues the company for US$ 100 million for his arrest in Venezuela
A former Citgo oil executive who was detained in Venezuela for nearly five years filed a lawsuit in a Texas court against his former employer, seeking US$100 million in compensation. Citgo is a subsidiary of the Venezuelan state PDVSA, but as a result of the current political situation in that country it is controlled by […]
