Venezuela

Brazil cautiously spearheads BRICS push for national currency trade

Marco Cacciati October 17, 2024

Brazil is taking a leading role in efforts to reduce the BRICS economic bloc's dependence on the US dollar, championing the use of national currencies in trade among member states.

Russian surveillance network in Nicaragua raises alarm

Alek Buttermann October 2, 2024

Recent reports have unveiled Nicaragua as a key hub for Russian espionage operations in Latin America. The nation hosts advanced surveillance systems, including the SORM-3 technology, enabling the interception of various communications.

Brazil may derail Venezuela’s BRICS dream as bloc gears up for expansion

bne IntelliNews September 30, 2024

The BRICS group is moving forward with plans for expansion, with an announcement expected at the bloc's annual summit in Kazan this October. But Venezuela's inclusion in the next wave of expansion appears uncertain due to Brazil's resistance.

EU recognises Venezuela's Gonzalez as president in resolution backed by right-wing MEPs

bne IntelliNews September 19, 2024

The European Parliament on September 19 passed a non-binding resolution recognising Venezuelan opposition candidate Edmundo González Urrutia as the "legitimate and democratically elected President of Venezuela."

Venezuelan President Maduro backs Russia's stance on Ukraine war, lauds Putin

bne IntelliNews September 18, 2024

Venezuelan President Nicolas Maduro has expressed strong support for Russia in the ongoing Ukraine conflict and lauded President Putin, according to statements made on his weekly programme on state TV.

Venezuelans need to fork out 225 minimum wages to bag latest iPhone

bne IntelliNews September 11, 2024

The newest iPhone 16, unveiled this week at Apple’s annual showcase, has stirred excitement among tech enthusiasts worldwide. However, for most Venezuelans the flagship smartphone remains a pipe dream, as they endure a stark economic reality.

Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US

bne IntelliNews September 9, 2024

Global food security deteriorated between 2019 and 2022, according to the latest Global Food Security Index by the Economist Intelligence Unit, and even the US has been affected.

Venezuelan opposition leader Gonzalez flees to Spain as Maduro ramps up repression

bne IntelliNews September 8, 2024

Venezuelan opposition leader Edmundo González has left the country and sought asylum in Spain, following a disputed presidential election that has plunged the crisis-stricken South American nation into further political turmoil.

AI will be a major source of GHGs by 2030, says Morgan Stanley

bne IntelliNews September 5, 2024

Energy ravenous AI data centres are set to become a major source of GHGs emissions by 2030 as the number of server farms needed to run the artificial intelligence services is set to expand exponentially over the next two and half decades.

Maduro moves up Christmas in desperate bid to mask Venezuela's political crisis

bne IntelliNews September 4, 2024

In a bizarre move, Venezuelan President Nicolás Maduro has announced that Christmas celebrations in the country will begin on October 1 this year – a full three months ahead of schedule.

Colombian fighters returning from Ukraine face jail in Russia after Venezuela stopover

bne IntelliNews August 30, 2024

Two Colombian citizens have been arrested in Moscow on charges of mercenarism. The pair, who allegedly fought alongside Ukrainian forces in the current war between Moscow and Kyiv, were detained after being extradited by Venezuela.

Citgo teeters amid Venezuela crisis and $20bn creditor claims

Marco Cacciati for NewsBase August 28, 2024

The future of Citgo, once a crown jewel in Venezuela's overseas oil empire, hangs in the balance as the company grapples with mounting losses and legal challenges.

Italian journalist in Venezuela charged with terrorism amid post-election crackdown

José G. Marquez in Buenos Aires August 26, 2024

Venezuelan authorities have detained veteran entertainment journalist Carmela Longo in the wake of the country's disputed July 28 elections, according to local press freedom groups.

Maduro tightens grip as Venezuelan court rubber-stamps poll victory

bne IntelliNews August 23, 2024

Venezuela's Supreme Justice Tribunal on August 22 upheld President Nicolas Maduro's victory in the recent presidential election, despite ongoing controversy and widespread claims of fraud.

Isabel Allende slams Maduro “dictatorship” as betrayal of father's socialism

Marco Cacciati August 22, 2024

Isabel Allende, a Chilean senator and daughter of former socialist president Salvador Allende, has delivered a scathing critique of Nicolás Maduro's government in Venezuela, labelling it a "dictatorship in every sense of the word".

Venezuelans stage global protests in unprecedented challenge to Maduro

José G. Marquez in Buenos Aires August 19, 2024

Thousands of Venezuelans took to the streets in cities at home and across the globe on August 17, responding to a call from the country's political opposition to defend their claim of victory in last month's disputed presidential election.

Latin America trapped in low growth cycle, ECLAC warns

Marco Cacciati August 19, 2024

Latin America and the Caribbean are facing a "low economic growth trap" that threatens to stall progress across the region, according to a new report from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

IMF: Carbon emissions from AI and crypto are surging and tax policy can help

Shafik Hebous economist for the IMF, Nate Vernon-Lin economist for the IMF August 16, 2024

What do crypto assets and artificial intelligence have in common? Both are power hungry and that is increasing emissions.

Venezuelan opposition unveils plan to revive economy and rejoin global markets

José G. Marquez in Buenos Aires August 13, 2024

Venezuela's opposition has presented a comprehensive economic proposal aimed at revitalising the country's battered economy. The ambitious plan outlines a strategy for rapid economic recovery and reintegration into the global financial system.

US lab invents a Fremen-tech water harvester

bne IntelliNews August 13, 2024

An American lab has developed “Fremen-like” technology that can extract moisture from the air even in a desert.

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