CARACAS/MARACAIBO, Venezuela (Reuters) – Angelica Vera of Venezuela’s western state of Zulia planned to cremate her father’s remains after he died of cancer in November because hyperinflation has pushed the cost of funeral services beyond her financial reach. But the cemetery could not offer a cremation because it had no natural gas, which is in ever shorter supply even though… Read more »
Venezuelan President Nicolas Maduro visited Moscow Wednesday for talks with Russian President Vladimir Putin. The Kremlin said assistance for Maduro’s regime was on the agenda. The two leaders will discuss Russian-Venezuelan trade and economic cooperation, the Kremlin said. Russia’s aggregate investment in Venezuela currently exceeds $4.1 billion, according to the Kremlin. Russia provides significant economic, defense and energy assistance to Venezuela and the embattled… Read more »
QUITO (Reuters) – Ecuador’s Vice President Maria Vicuna announced her resignation on Tuesday, one day after President Lenin Moreno relieved her of duties amid an investigation into payments she received as a legislator years ago. Vicuna’s resignation was the second time a vice president left since Moreno took office in May 2017. Moreno on Monday assigned Secretary General Jose Augusto… Read more »
Instead of celebrating minimum wage hikes in hyperinflation-pummeled Venezuela, consumers now run as fast as they can to buy goods before the inevitable price increases. In other words, higher wages are as much bad news as good news as they simply mean the printing press will run faster at the central bank and businesses will react accordingly. a staggering 150… Read more »