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chinese firm sues venezuela as crisis tests ally’s patience


caracas, venezuela (ap) — one of china’s biggest state-run conglomerates is suing a venezuelan counterpart in a u.s. court in a dispute over unpaid bills, a sign of beijing’s growing impatience with its crisis-wracked south american ally.in the lawsuit filed nov. 27 in a houston federal court, a u.s. subsidiary of sinopec seeks more than $23 million in damages from venezuela’s state-run oil company, pdvsa.sinopec alleges it never received full payment for 45,000 tons of steel rebar it delivered in 2013.the dispute comes as venezuela is seeking fresh financing to stay current on its huge foreign debt. china has yet to step in after having bankrolled venezuela’s socialist revolution to the tune of $65 billion between 2007 and 2016.most read storiesunlimited digital access. $1 for 4 weeks.loc






chinese firm sues venezuela as crisis tests ally's patience


caracas, venezuela — one of china's biggest state-run conglomerates has sued a venezuelan counterpart in a u.s. court in a dispute over unpaid bills, a sign of beijing's growing impatience with its socialist south american ally as it slides into bankruptcy.in the lawsuit filed nov. 27 in a houston federal court, a u.s. subsidiary of sinopec sought more than $23 million in damages from venezuela's state-run oil company, pdvsa. sinopec alleges it never received full payment for 45,000 tons of steel rebar it agreed to sell pdvsa for $43 million and which was delivered in 2013.the lawsuit, while small in size, says pdvsa through its u.s. subsidiary bariven reneged on repeated promises to pay sinopec, at one point costing the chinese company $2 million in losses after it entered into arbitratio






diplomats converge in washington to discuss political crisis


washington — foreign ministers from across the western hemisphere are trying to stave off venezuela's worsening democratic crisis.the diplomats are holding an unusual meeting at the organization of american states. venezuela has vowed to leave the regional group.representatives from mexico, colombia and other countries are encouraging the group to take action to resolve the crisis. but nicaragua and bolivia are resisting and accusing the oas of infringing on venezuela's sovereignty.protests against venezuelan president nicolas maduro's government have left at least 60 people dead in recent months. protesters claim maduro is trying to consolidate power and establish an authoritarian regime. they are also decrying venezuela's triple-digit inflation, soaring crime and vast food shortages.madu






the latest: us imposes tough economic sanctions on venezuela


caracas, venezuela — the latest on venezuela's political and economic crisis (all times local):11:45 a.m.the trump administration has slapped sweeping financial sanctions on venezuela, barring banks from any new financial deals with the government or state-run oil giant pdvsa.the sanctions trump signed by executive order friday are bound to dramatically escalate tensions between venezuela and the u.s. and exacerbate the country's economic crisis.the white house says in a statement that the measures "are carefully calibrated to deny the maduro dictatorship a critical source of financing to maintain its illegitimate rule, protect the united states financial system from complicity in venezuela's corruption and in the impoverishment of the venezuelan people, and allow for humanitarian assistan






venezuela seizes gm plant as crisis escalates


general motors halted operations in venezuela, calling the move "illegal."        






france's macron meets with venezuela opposition leaders


paris — french president emmanuel macron has met with leaders of venezuela's opposition to discuss the embattled nation's humanitarian and political crisis.monday's meeting with members of the opposition-controlled national assembly came two days after a leading activist was barred from leaving venezuela to meet with macron.assembly president julio borges told macron that venezuelans cannot eat or exercise their civil rights and are urging president nicolas maduro to allow humanitarian aid.borges said macron asked how he could help provide food and medicine.maduro has refused to accept humanitarian aid, denying there is a crisis and saying that permitting assistance could pave the way for a foreign intervention.borges and others are expected to meet with several other european leaders in a






oas members convene emergency session to discuss venezuela crisis


washington—the trump administration and its regional allies stepped up efforts to mobilize an internationally mediated end to venezuela’s political crisis, including holding an emergency session of the organization of american states on wednesday.the venezuelan government headed by nicolás maduro, along with left-leaning governments in the...






is it the end of socialism in venezuela? | venezuela


venezuela's capital, caracas, has seen almost daily demonstrations over the past week, some of which became violent.protesters say president nicolas maduro is inching towards tyranny, and they want him to resign.but maduro says the opposition is conspiring with foreigners to destabilise the country - an accusation he has made many times before.if he does not go, what happens next?presenter: laura kyleguests: vanessa neumann - founder and ceo of the political risk consulting firm asymmetricaanatoly kurmanaev - venezuela reporter for the wall street journaldiego arria - former venezuelan ambassador to the united nationssource: al jazeera news






as crisis deepens in venezuela, fleeing students flood classrooms in miami-dade


as venezuela plunges into a deepening political and economic crisis, some miami-dade schools are filling with students fleeing the turmoil.miami — as venezuela plunges into a deepening political and economic crisis, some miami-dade schools are filling with students from the beleaguered south american nation.ronald w. reagan senior high in doral welcomed 150 newcomers this year, most from venezuela. nearby john i. smith k-8 center registered roughly 100 new pupils. and other area schools have also reported an increase students fleeing unrest.as conditions continue to worsen in venezuela, the school system is bracing for even more.“we have people coming in every single day,” said school board member susie castillo, who represents the doral area. “we don’t know what’s going to happen in that






beleaguered venezuela becomes cheap source of expert labor


caracas, venezuela—the world bank ranks venezuela 187th in terms of ease of doing business, just behind war-torn south sudan. but gabriel jiménez says his crisis-hit native country is a great place to hire people for his tech startup.mr. jiménez, 27, has a small business registered in miami that subcontracts work like webpage design, developing apps, and corporate network maintenance for clients in the u.s., mexico, australia, and elsewhere. all his programmers are in venezuela, where the local currency’s free fall has made...






is maduro turning venezuela authoritarian? | latin america


venezuela's political crisis is escalating fast.with the economy in freefall, protesters have hit the streets and violence is on the rise.has the venezuelan government gone authoritarian?"it's important to say nicolas maduro was democratically elected," says gabriel hetland, a professor at the university of albany. "but i think actions over the last 16 months have moved venezuela unfortunately in a more authoritarian direction.""it is a government under siege," counters venezuelan-american journalist eva golinger, who also served as an adviser to former president hugo chavez. "the opposition doesn't play by democratic rules, unfortunately has not, and as of yet we haven't seen any such initiative or indication that they will in the near future."in this week's arena, gabriel hetland and eva






timeline: key moments in venezuela's crisis | venezuela news


an intimate look at the month of ramadan through the eyes of muslims in opposite ends of the world.religion, ramadan 2017, new zealand






peru's president warns of refugee crisis in venezuela | venezuela news


the deadly unrest in venezuela could lead to "a blood bath" and spark a major refugee crisis, peru's president pedro pablo kuczynski warned as violence continued in venezuela's capital, caracas.on monday, protesters attacked a branch of the supreme court with petrol bombs and damaged a bank in the same building, which was engulfed in flames and smoke.several protesters were injured as security guards tried to repel them. venezuelans protest over food shortages and inflationspeaking in madrid, kuczynski said venezuela's months-long political and economic crisis, which has seen thousands march for and against the government of president nicolas maduro, could force people to leave the country in droves."if nothing is done, it will end in a blood bath, there will be a [migratory] invasion in c






us demands access to oil execs in venezuela jail


associated presscaracas, venezuela — u.s. diplomats are demanding that venezuela give them immediate access to jailed oil executives who hold american passports.the state department said in a statement friday that the u.s. embassy in caracas made the request to the government under international law.get top headlines in your inbox every afternoon. get the free pm report newsletter.it follows this week’s arrest of six high-ranking executives from citgo, a houston-based subsidiary of venezuela’s state oil company. venezuela accuses them of embezzlement stemming from a $4 billion deal to refinance bonds.five of the six venezuelan executives have dual u.s. citizenship.oil-rich venezuela has the world’s largest oil reserves, yet low crude prices plunged the country into financial crisis.the int






don't blame socialism for venezuela's woes | latin america


venezuela is currently in crisis.with protesters flooding the streets, its economy plummeting and the highest inflation rate in the world, many critics point to its socialist style of government as the cause.but is socialism really at fault?in this week's reality check, we show that there's more at play in venezuela and how only blaming socialism makes no sense.follow upfront on twitter @ajupfront and facebook.source: al jazeera news






us demands visits with oil executives jailed in venezuela


caracas, venezuela (ap) — u.s. diplomats are demanding that venezuela give them immediate access to jailed oil executives who hold american passports.the state department said in a statement friday that the u.s. embassy in caracas made the request to the government under international law.it follows this week’s arrest of six high-ranking executives from citgo, a houston-based subsidiary of venezuela’s state oil company. venezuela accuses them of embezzlement stemming from a $4 billion deal to refinance bonds.five of the six venezuelan executives have dual u.s. citizenship.most read storiescyber sale! save 90% on digital access.oil-rich venezuela has the world’s largest oil reserves, yet low crude prices plunged the country into financial crisis.the international scuffle could further strai






venezuela calls countries "lap dogs" at oas mexico meeting


cancun, mexico — venezuela's foreign minister has called peru and other countries "lap dogs of imperialism" at the organization of american states general assembly being held in the mexican resort of cancun.venezuelan foreign minister delcy rodriguez staged a fiery return to the oas summit tuesday, a day after she walked out, saying venezuela did not recognize the meeting and intended to leave the hemispheric organization.while the oas narrowly failed to pass a resolution calling for an end to venezuela's political crisis, peru and other countries continued tuesday to mention the desperate situation on venezuela's streets that has left at least 70 people dead and more than 1,300 injured.rodriguez said of those countries: "if they form part of the litter of lap dogs of imperialism, venezuel






venezuela to quit organization of american states | venezuela news


venezuela has said it will withdraw from the organization of american states, in reaction to pressure from the bloc over the government's handling of the country's political crisis."tomorrow we will present a letter of complaint to the oas and we will begin a process that will take 24 months" to pull venezuela out of the washington-based regional diplomatic grouping, foreign minister delcy rodriguez said in a televised address on wednesday.the decision had been expected. it came a short while after envoys to the oas approved a resolution convening a special meeting of regional foreign ministers to discuss venezuela's crisis.rodriguez said maduro's administration has been forced to counter what it sees as an attempt by the oas and conservative regional governments to topple president nicola






venezuela seizes general motors plant as country's crisis escalates


general motors halted operations in venezuela, calling the move "illegal."        






venezuela seizes general motors plant as country's crisis escalates


general motors halted operations in venezuela, calling the move "illegal."        






nicolas maduro vows constituent assembly referendum | venezuela news


venezuela's president nicolas maduro has pledged to hold a referendum on a new constitution he is proposing, in response to two months of violent anti-government protests.the move on thursday came after the plan to create a new grassroots super-body. known as a constituent assembly, to rewrite the national charter was criticised not just by opponents, but also some within government as anti-democratic.luisa ortega, the chief state prosecutor, had said creating the assembly, without a plebiscite as happened in 1999 when maduro's predecessor hugo chavez rewrote the constitution, threatened to "eliminate" democracy in venezuela. read more: why i support nicolas maduro ortega, the highest-ranking public official to openly defy maduro in the crisis, has been a traditional ally of the leadership






will people power force change in venezuela? | venezuela


with the world's highest inflation rate, food shortages and a month of deadly riots, support for venezuela's president nicolas maduro appears to be running out.is it the end of the socialist revolution started by late president hugo chavez?and can the opposition stop maduro's proposal to rewrite the constitution?presenter: kamahl santamariaguests:maria corina machado - national coordinator for the vente venezuela opposition partycharles shapiro - former us ambassador to venezuelaphil gunson - senior analyst covering the andes region at the international crisis groupsource: al jazeera news






venezuela: mayhem rages; capriles blocked from un trip | venezuela news


us president donald trump called the situation in venezuela a "disgrace to humanity" and said the deadly political crisis was possibly the worst of its kind in "decades".hundreds of thousands of people have taken to the streets in the south american nation of 30 million in protest against the leftist government of president nicolas maduro. demonstrators are angry about food shortages, a medical crisis, and soaring inflation.at least 43 people have died during weeks of unrest."we haven't really seen a problem like that ... in decades in terms of the kind of violence that we're witnessing," trump told a joint press conference with visiting colombian president juan manuel santos on thursday. read more: venezuela: troops deployed in tachira after looting growing fears over venezuela’s deepenin






hardship and political theatre: the crisis in venezuela |


caracas, venezuela - at 34, i've spent almost half of my life under the same government.one morning in 1992, when i was ten, my mother didn't wake me up for elementary school. hours later, when i got up, the streets were empty. there had been an attempted coup; my parents, like others, were in a state of shock.  that day i heard hugo chavez's name for the first time. he was speaking on television, wearing his signature red beret, as the military leader of a failed coup against the former president carlos andres perez.seven years later, chavez became venezuela's president through elections, winning an overwhelming majority of the votes, and the country began its transition into "21st-century socialism", leveraging oil wealth into social programmes for education and housing to help poor comm






oas to hold emergency meeting wednesday on venezuela crisis


washington — countries around the western hemisphere are paying more attention to the violent clashes in venezuela between government forces and opposition supporters.the organization of american states says it will hold an extraordinary session wednesday in washington with foreign ministers to analyze the worsening situation. a statement from the organization says the u.s. and 15 other nations called for the session.the gathering follows the most intense protests in economically struggling venezuela since a wave of anti-government demonstrations in 2014. at least 26 deaths have been linked to the latest protests, which began nearly a month ago over a supreme court decision that briefly negated the powers of the opposition-controlled congress.oas secretary-general luis almagro says venezue






venezuela's maduro in a high-stakes gamble | venezuela


caracas, venezuela - nicolas maduro admits that he prayed to god to help him make what may be the riskiest bet of his embattled presidency.by invoking his presidential powers to call for the formation of a constituent assembly to replace venezuela’s current constitution, he is essentially rewriting the rules of the game.the goal: to deal a death blow to the opposition-controlled national assembly and to calls for anticipated presidential elections to replace him.venezuela is undergoing an unprecedented economic, political and humanitarian crisis amid scarcities of basic goods and medicine, with inflation rocketing to over 700 percent.explainer: venezuela's worst economic crisis: what went wrong? the latin american nation has the second highest murder rate in the world.maduro says he was le






venezuela's maduro in a high-stakes gamble | venezuela


caracas, venezuela - nicolas maduro admits that he prayed to god to help him make what may be the riskiest bet of his embattled presidency.by invoking his presidential powers to call for the formation of a constituent assembly to replace venezuela’s current constitution, he is essentially rewriting the rules of the game.the goal: to deal a death blow to the opposition-controlled national assembly and to calls for anticipated presidential elections to replace him.venezuela is undergoing an unprecedented economic, political and humanitarian crisis amid scarcities of basic goods and medicine, with inflation rocketing to over 700 percent.explainer: venezuela's worst economic crisis: what went wrong? the latin american nation has the second highest murder rate in the world.maduro says he was le






russia offers venezuela debt relief


moscow—russia threw a lifeline to venezuela on wednesday, restructuring the more than $3 billion it is owed by its economically and politically troubled south american ally.the russian finance ministry said the debt of $3.15 billion would now be repaid over 10 years, with minimal repayments during the first six years.“reducing the debt burden...






venezuela's nicolas maduro in high-stakes gamble | venezuela


caracas, venezuela - nicolas maduro admits that he prayed to god to help him make what may be the riskiest bet of his embattled presidency.by invoking his presidential powers to call for the formation of a constituent assembly to replace venezuela’s current constitution, he is essentially rewriting the rules of the game.the goal: to deal a death blow to the opposition-controlled national assembly and to calls for anticipated presidential elections to replace him.venezuela is undergoing an unprecedented economic, political and humanitarian crisis amid scarcities of basic goods and medicine, with inflation rocketing to over 700 percent.explainer: venezuela's worst economic crisis - what went wrong? the latin american nation has the second highest murder rate in the world.maduro says he was l






venezuela’s u.n. envoy rafael ramírez resigns


venezuela’s top representative to the united nations, rafael ramírez, said tuesday that he resigned his post at the request of president nicolás maduro amid the continuing political crisis in the beleaguered oil-exporting nation.mr. ramirez’s resignation comes in the midst of a sweeping antigraft crusade led by mr. maduro that has led to the arrests of dozens of oil-industry officials who were close to mr. ramírez during his 12-year tenure as venezuela’s oil czar until 2014. mr. maduro’s aides haven’t publicly presented evidence...






venezuela: a country divided | venezuela


for more than 60 days, anti-government protests have been taking place in venezuela.in a country plagued by sky-high inflation and an extreme scarcity of food and medicines, confrontations between protesters and the national bolivarian guard have led to more than 70 fatalities.but interpretations of this political crisis as simply a dictatorial regime cracking down on a united and suffering population do not do justice to the complexities and severe polarisation of venezuelan society.jose only protests when he has earned enough to feed his family. whenever he spots the national bolivarian guard while out driving his taxi he calls them "cowardly rats" under his breath.he studied engineering at university, but because of the economic crisis, there isn't enough work for people with his skills






venezuela's worst economic crisis: what went wrong? | business & economy


story highlightsvenezuela is experiencing the worst economic crisis in its history, with an inflation rate of over 400 percent and a volatile exchange rate.heavily in debt and with inflation soaring, its people continue to take to the streets in protest.the opposition has called for new protests on may 1, international workers' day.president nicolas maduro has announced the highest increase in the minimum wage ordered by him - 65 percent of the monthly income - which will be effective from may 1.the country sits on the world's largest oil reserves and was the fifth largest economy in latin america.however, over the past decade, it has been the region's poorest performer in terms of growth of gdp per capita.the government has stopped reporting any economic data since 2014, making it difficu






venezuela's worst economic crisis: what went wrong? | business & economy


story highlightsvenezuela is experiencing the worst economic crisis in its history, with an inflation rate of over 400 percent and a volatile exchange rate.heavily in debt and with inflation soaring, its people continue to take to the streets in protest.the opposition has called for new protests on may 1, international workers' day.president nicolas maduro has announced the highest increase in the minimum wage ordered by him - 65 percent of the monthly income - which will be effective from may 1.the country sits on the world's largest oil reserves and was the fifth largest economy in latin america.however, over the past decade, it has been the region's poorest performer in terms of growth of gdp per capita.the government has stopped reporting any economic data since 2014, making it difficu






venezuela's nicolas maduro in high-stakes gamble | venezuela


caracas, venezuela - nicolas maduro admits that he prayed to god to help him make what may be the riskiest bet of his embattled presidency.by invoking his presidential powers to call for the formation of a constituent assembly to replace venezuela’s current constitution, he is essentially rewriting the rules of the game.the goal: to deal a death blow to the opposition-controlled national assembly and to calls for anticipated presidential elections to replace him.venezuela is undergoing an unprecedented economic, political and humanitarian crisis amid scarcities of basic goods and medicine, with inflation rocketing to over 700 percent.explainer: venezuela's worst economic crisis: what went wrong? the latin american nation has the second highest murder rate in the world.maduro says he was le






venezuela holds military drills after us threat | venezuela news


venezuela has kicked off two days of nationwide military drills seen as a deterrent against military intervention by the united states. war planes, tanks, and 200,000 troops of the national bolivarian armed forces (fanb) were deployed along with 700,000 reserves and civil militia members as the exercises formally launched on saturday."the people and the fanb are defending territory and sovereignty," president nicolas maduro wrote on twitter."against the belligerent threats of the united states, all venezuelans between the ages of 18 and 60 are required to contribute to the integral defence of the nation," said an announcement broadcast on state television.venezuela's display of military might comes in response to us president donald trump's threat of military action two weeks ago and new f






venezuela asks the un to help boost supply of medicines


image copyrightreutersimage caption the opposition says mr maduro's mismanagement is to blame for the economic crisis. venezuela's president nicolas maduro has asked for help from the united nations to boost supplies of medicine. mr maduro said the un had the expertise to normalise the supply and distribution of drugs in the country. venezuela's medical federation said recently that hospitals had less than 5% of the medicines they needed.the president blames the problems on an economic war against his government and the sharp fall in oil prices.``i've asked for support from the united nations to help treat the economic and social injuries that have hit our people,'' he said friday on television. the opposition says mr maduro's mismanagement is to blame for the country's worsening economic






famous mozart piece played in the style of surf rock


mozart is not usually equated with surf rock. but this guitarist reprised mozart’s symphony no. 21 in the style of surf rock, and it’s awesome.full story at youtube.more great . posted by josh urich