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venezuela alleges fraud in $1.3 billion oil-rig lease


caracas, venezuela—the venezuelan government is investigating alleged corruption in a $1.3 billion contract between the state oil company and a private contractor co-founded by a saudi prince, according to law-enforcement officials and related documents.venezuela’s inspector general’s office on march 6 recommended that the public prosecutor’s office investigate and charge five current and former executives at petróleos de venezuela sa, or pdvsa, for allegedly embezzling public funds by paying inflated fees for the lease...






panel rules venezuela won't have to pay $1.4b to exxon mobil


washington — a world bank arbitration panel has determined that venezuela will not have to pay $1.4 billion to exxon mobil corp. for confiscating company assets during a wave of nationalizations.exxon mobil asked the bank's investment dispute panel for $12 billion for the seizure of its cerro negro facilities in the orinoco basin under then-president hugo chavez. the panel awarded $1.4 billion, a decision that was appealed by venezuela.the washington-based panel issued a ruling friday that annulled most of the overall $1.6 billion judgment against venezuela. the decision was celebrated in caracas, where the socialist government is facing a cash shortfall triggered by collapsing oil production.a lawyer for venezuela said the decision was "correct and courageous." exxon mobil did not immedia






peru's president recalls envoy over attacks by venezuela


lima, peru — peruvian president pedro pablo kuczynski is calling his ambassador to venezuela back home for consultations to protest a barrage of attacks by venezuela's socialist government.monday's move statements by venezuela foreign minister delcy rodriguez in which she called kuczynski a "coward" and "friendly dog" working in the interests of the united states.kuczynski has been an outspoken critic of venezuela's government and he discussed the need for joint action to contain the country's economic and political problems during a meeting last month with president donald trump at the white house.venezuelan president nicolas maduro has also criticized kuczynski, saying the peruvian leader's statements from the u.s. were offensive to latin americans resentful of past u.s. military interve






reprieve! venezuela still alive in wbc after loss to mexico


guadalajara, mexico — venezuela got a major reprieve at the world baseball classic.after thinking they had been eliminated with an 11-9 loss to mexico early monday, venezuela players were informed in the locker room that they could still advance thanks to a tiebreaker.despite the victory, mexico was the team eliminated. venezuela will play italy in a one-game tiebreaker monday night, with the winner advancing to the second round.venezuela rallied for an 11-10 victory over italy in 10 innings on saturday.mexico, italy and venezuela all finished 1-2 in the first round of pool play behind puerto rico, which went 3-0. mexico was eliminated on a tiebreaker — runs allowed per inning played.at first, however, venezuela players thought they were the team that had been knocked out.the world basebal






panel rules venezuela won't have to pay $1.4b to exxon mobil


washington — a world bank arbitration panel has determined that venezuela will not have to pay $1.4 billion to exxon mobil corp. for confiscating company assets during a wave of nationalizations.exxon mobil asked the bank's investment dispute panel for $12 billion for the seizure of its cerro negro facilities in the orinoco basin under then-president hugo chavez. the panel awarded $1.4 billion, a decision that was appealed by venezuela.the washington-based panel issued a ruling friday that annulled most of a $1.6 million judgment against venezuela. the decision was celebrated in caracas, where the socialist government is facing a cash shortfall triggered by collapsing oil production in recent years.a lawyer for venezuela said the decision as "correct and courageous." exxon mobil did not im






panel rules venezuela won’t have to pay $1.4b to exxon mobil


washington (ap) — a world bank arbitration panel has determined that venezuela will not have to pay $1.4 billion to exxon mobil corp. for confiscating company assets during a wave of nationalizations.exxon mobil asked the bank’s investment dispute panel for $12 billion for the seizure of its cerro negro facilities in the orinoco basin under then-president hugo chavez. the panel awarded $1.4 billion, a decision that was appealed by venezuela.the washington-based panel issued a ruling friday that annulled most of a $1.6 million judgment against venezuela. the decision was celebrated in caracas, where the socialist government is facing a cash shortfall triggered by collapsing oil production in recent years.a lawyer for venezuela said the decision as “correct and courageous.” exxon mobil did n






mlb baseball notes: venezuela gets another chance after loss


venezuela got a major reprieve at the world baseball classic.after thinking they had been eliminated with an 11-9 loss to mexico early monday in guadalajara, mexico, venezuela players were informed in the locker room that they could still advance thanks to a tiebreaker.despite the victory, mexico was the team eliminated. venezuela played italy in a one-game tiebreaker late monday night, with the winner advancing to the second round.mexico, italy and venezuela all finished 1-2 in the first round of pool play behind puerto rico, which went 3-0. mexico was eliminated on a tiebreaker — runs allowed per inning played.at first, however, venezuela players thought they were the team that was knocked out.the world baseball classic twitter account initially announced that monday's tiebreaker game wo






bolivia's leader in venezuela after treatment in cuba


caracas, venezuela — bolivian president evo morales has left cuba after being hospitalized for medical problems and is in venezuela's capital to participate in a meeting of the alba bloc.venezuelan state television has broadcast images of morales arriving sunday and he appears slimmer. he spoke hoarsely, as he has for several weeks. in brief remarks, he said: "i had a problem, but thanks to the cuban doctors we are recovering."morales flew to cuba on wednesday for treatment. the next day, his government said cuban doctors had determined morales suffered from a treatable viral infection.in bolivia's capital, communications minister gisela lopez said the 57-year-old morales would return to cuba after the meeting in venezuela.






reprieve! venezuela still alive in wbc after loss to mexico


guadalajara, mexico — venezuela got a major reprieve at the world baseball classic.after thinking they had been eliminated with an 11-9 loss to mexico early monday, venezuela players were informed in the locker room that they could still advance thanks to a tiebreaker.despite the victory, mexico was the team eliminated. venezuela will play italy in a one-game tiebreaker monday night, with the winner advancing to the second round.venezuela rallied for an 11-10 victory over italy in 10 innings on saturday.mexico, italy and venezuela all finished 1-2 in the first round of pool play behind puerto rico, which went 3-0. mexico was eliminated on a tiebreaker — runs allowed per inning played.at first, however, venezuela players thought they were the team that had been knocked out.the world basebal






norwegian diplomat named to mediate venezuela-guyana dispute


united nations (ap) — u.n. secretary-general antonio guterres has appointed a norwegian diplomat who dealt with the colombian peace process to try to settle the longstanding border dispute between venezuela and guyana by the end of the year.u.n. spokesman stephane dujarric announced the appointment of dag halvor nylander on monday, saying he has “a strengthened mandate of mediation.”if guterres concludes that no significant progress has been made by dec. 31, dujarric said he’ll refer the issue to the international court of justice, unless both governments request him not to do so.the dispute has its origins in the “arbitral award of 1899,” a decision on the frontier between venezuela and what is now guyana. venezuela contends the decision is null and void and claims about 40 percent of guy






venezuela supreme court assumes powers of opposition-controlled congress


caracas, venezuela—venezuela‘s supreme court has assumed all powers of the opposition-controlled congress, in what lawyers and rights activists said amounted to the effective dissolution of the legislature in latin america’s largest oil producer.“this ruling marks the point of no return for the dictatorship,” national assembly vice president freddy guevara said. assembly president julio borges called the act a coup and urged...






us, 13 other nations demand venezuela hold elections soon


washington — the united states and group of 13 nations across the americas on thursday called on venezuela's government to hold elections and immediately free political prisoners, setting up a potential diplomatic showdown with president nicolas maduro's socialist administration.the statement comes as the head of the organization of american states is pushing to expel maduro's government from the washington-based group for breaking the country's democratic order.the 14 nations, including canada, mexico, brazil, colombia and argentina, said they see expulsion as a last resort and instead urged dialogue to resolve venezuela's entrenched economic and political problems.the u.s. state department called for venezuela to hold elections "as soon as possible."department spokesman mark toner said t






venezuela supreme court assumes powers of opposition-controlled congress


caracas, venezuela—venezuela‘s supreme court has assumed all powers of the opposition-controlled congress, a move lawyers and rights activists said amounted to the effective dissolution of the legislature in latin america’s largest oil producer.“this ruling marks the point of no return for the dictatorship,” national assembly vice president freddy guevara said. assembly president julio borges called the act a coup and urged...






venezuela supreme court assumes congress role | venezuela news


venezuela's supreme court has ruled that it will take over the opposition-led congress' legislative powers, in a move condemned by opposition parties as an attempt to install a dictatorship.the court, which has consistently sided with president nicolas maduro's administration, said late on wednesday that as long as the congress remains in "contempt" of past court rulings "congressional functions will be exercised by this chamber or another chosen organ".maduro extends economic emergencythe dispute centres on three legislators banned over vote fraud accusations.maduro critics say is an excuse for the government to muzzle opposition during a mounting economic crisis in the oil-rich country.the democratic unity organisation, an opposition bloc, criticised the supreme court's decision on thurs






oas head urges bloc suspend venezuela over elections


bogota, colombia (ap) — the head of the organization of american states is recommending to regional governments that venezuela be suspended from the washington-based group unless general elections are held soon.oas secretary general luis almagro makes the request in a 75-page report in which he says the socialist administration of venezuelan president nicolas maduro has broken the country’s democratic order by disregarding the results of 2015 legislative elections and jailing dozens of opponents.maduro’s government has yet to comment but in the past has accused almagro of doing the bidding of the u.s. government and trying to isolate venezuela.






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 45 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 26 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 10 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 31 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 29 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 35 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 39 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 44 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 47 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 46 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela high court reverses move to strip congress’ power


closeskip in skipxembedxshare venezuela's supreme court has removed the legislature's lawmaking powers. those who oppose president nicolás maduro say it's a coup. video provided by newsy newslookopposition members shout slogans against venezuelan president nicolas maduro during a protest in caracas, venezuela, on friday.(photo: fernando llano, ap) 14 connectlinkedinemailmorecaracas, venezuela — venezuela’s president and supreme court backed down saturday from a surprise move to strip congress of its legislative powers that had sparked widespread charges that the south american country was no longer a democracy.president nicolas maduro asked the supreme court in a late-night speech to review a ruling nullifying the lawmaking body after that decision set off a storm of criticism from the opp






venezuela leader backs supreme court gutting congress powers


caracas, venezuela — venezuelan president nicolas maduro is defending a supreme court ruling gutting the opposition-controlled congress of its last vestiges of power.in an appearance on state tv, maduro said friday that venezuela's institutions are operating normally and that it is his "right-wing, fascist" opponents which are attempting to break the constitutional order.governments around the world and even venezuela's normally loyal chief prosecutor have condemned this week's decision by the high court to take over powers assigned to lawmakers. the court says it will hold those powers as lawmakers remain in contempt of previous court rulings that nullified all legislation voted by the body.maduro says he will assume personal responsibility for resolving any dispute among the government's






wbc: dominican republic shuts out venezuela, 3-0


nelson cruz hit his third home run of the tournament and gregory polanco also went deep, leading defending world baseball classic champion the dominican republic to a 3-0 victory thursday night that pushed venezuela to the brink of elimination. the dominican republic (1-1) had won 11 straight wbc games until losing to puerto rico in the pool f opener on tuesday night. venezuela (0-2) fell victim to a united states comeback on wednesday night. the americans play puerto rico on friday night. on saturday, puerto rico faces venezuela and the dominican republic faces the united states. the top two teams advance to the semifinals at dodger stadium. the pool f winner plays the netherlands on monday while the pool f runner-up plays japan on tuesday. the championship game is wednesday night.






canada joins 13 nations calling on venezuela to release political prisoners and


mexico city/washington — a group of 14 nations urged venezuela on thursday to hold elections and release “political prisoners,” in a joint statement that kept open the option of seeking to suspend the south american country from the organization of american states.the statement, which mexico’s foreign minister luis videgaray said was aimed at encouraging venezuela to “re-establish democracy,” called for dialog and negotiation to resolve a crisis in the oil-exporting country, which is suffering severe food and fuel shortages.suspending venezuela from the oas was a last resort, the nations said, and something that should be avoided unless other diplomatic efforts have been exhausted.“we reiterate that inclusive and effective dialog is the right path to achieve lasting solutions to the challe






norwegian diplomat named to mediate venezuela-guyana dispute


united nations — u.n. secretary-general antonio guterres on monday appointed a norwegian diplomat who dealt with the colombian peace process to try to settle the longstanding border dispute between venezuela and guyana by the end of the year.u.n. spokesman stephane dujarric announced the appointment of dag halvor nylander as guterres' personal representative "with a strengthened mandate of mediation."dujarric said on dec. 16 that then-secretary-general ban ki-moon and guterres, who succeeded him on jan. 1, had agreed that the u.n. chief's use of his "good offices" to resolve the dispute, which started in 1990, would continue for a final year until the end of 2017.if guterres concludes that no significant progress has been made by that time, dujarric said the secretary-general will refer th






nicolas maduro seeks un help to ease medicine shortages | venezuela news


venezuela's president nicolas maduro has asked the united nations for "help" boosting medicine supplies as he struggles to combat crippling shortages."i've asked for support from the un to help treat economic and social injuries that have hit our people caused by the economic war and the sharp fall in petroleum prices," maduro said in a televised appearance on friday.he did not provide any details about the request except to say that the un has the expertise to normalise the supply and distribution of pharmaceutical drugs in the country.but just acknowledging that venezuela needs outside help is a telling sign of how deep in crisis the country, sitting atop the world's largest petroleum reserve, has fallen.the country is suffering from triple-digit inflation as well as severe shortages of






nicolas maduro seeks un help to ease medicine shortages | venezuela news


venezuela's president nicolas maduro has asked the united nations for "help" boosting medicine supplies as he struggles to combat crippling shortages."i've asked for support from the un to help treat economic and social injuries that have hit our people caused by the economic war and the sharp fall in petroleum prices," maduro said in a televised appearance on friday.he did not provide any details about the request except to say that the un has the expertise to normalise the supply and distribution of pharmaceutical drugs in the country.but just acknowledging that venezuela needs outside help is a telling sign of how deep in crisis the country, sitting atop the world's largest petroleum reserve, has fallen.the country is suffering from triple-digit inflation as well as severe shortages of






venezuela supreme court assumes congress role | venezuela news


venezuela's supreme court has ruled that it will take over the opposition-led congress' legislative powers, in a move condemned by opposition parties as an attempt to install a dictatorship.the court, which has consistently sided with president nicolas maduro's administration, said late on wednesday that as long as the congress remains in "contempt" of past court rulings "congressional functions will be exercised by this chamber or another chosen organ".maduro extends economic emergencythe dispute centres on three legislators banned over vote fraud accusations.maduro critics say is an excuse for the government to muzzle opposition during a mounting economic crisis in the oil-rich country.the democratic unity organisation, an opposition bloc, criticised the supreme court's decision on thurs






oas head urges bloc suspend venezuela over elections


washington (ap) — the head of the organization of american states wants regional governments to suspend venezuela from the washington-based group unless general elections are held soon to break a political impasse that he said tuesday is destroying the country’s democracy.oas secretary general luis almagro made the request in a 75-page report on venezuela’s political crisis, in which he accused president nicolas maduro’s socialist government of systematically violating human rights and standards of democracy enshrined in the inter-american democratic charter, to which venezuela is a signatory.maduro’s government had no immediate comment, but in the past it has accused almagro of doing the bidding of the u.s. government and trying to isolate venezuela.almagro asked the oas’s 34 member state






venezuela court says it can take over congress' powers


caracas, venezuela — venezuela's supreme court ruled it can take over the powers of congress in what opponents of socialist president nicolas maduro as well as foreign governments denounced as the latest step toward installing a dictatorship in this south american nation.in a decision late wednesday, the magistrates said that as long as lawmakers remain in contempt of past court rulings nullifying all legislation coming out of the opposition-controlled national assembly, the high court can step in and assume congressional duties itself.peru's government immediately recalled its ambassador in protest while condemnations poured in from governments across latin america. the head of the organization of american states called for an emergency meeting to deal with what he called a "self-inflicte






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






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