June 16, 2021

Reuters special report challenges viability of Venezuelan cryptocurrency

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By Youri Kemp From Caribbean News Now CARACAS, Venezuela — A special report by Reuters news agency on August 30, 2018, said the Venezuelan cryptocurrency, the Petro, announced by the government in December 2017 and launched in February 2018 by embattled president, Nicholas Maduro, has no evidence of viability or of it being established in […]

Venezuelan parliament rejects oil-backed cryptocurrency as problematic and dangerous

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By Youri Kemp Caribbean News Now associate editor From Caribbean News Now CARACAS, Venezuela — The proposed oil-backed cryptocurrency, the “Petro”, set to launch in early 2018, has been challenged by the Venezuelan parliament on the grounds that it would be “illegal” to mortgage the countries oil reserves. The opposition-led parliament has signaled a strong […]

Venezuelan protesters, security forces clash at air base

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From Jamaica Gleaner CARACAS, Venezuela (AP) — Young protesters broke down a metal fence guarding an air base in Caracas yesterday before being repelled by security forces firing tear gas in another day of anti-government protests in Venezuela’s capital. Demonstrators threw stones, and some protesters were injured. The clashes took place after a peaceful mass […]

Venezuela government seizes Christmas toys to distribute to poor

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From Caribbean News Now CARACAS, Venezuela — Venezuelan authorities have arrested two toy company executives and seized almost four million toys, which they say they will distribute to the poor. Officials accused the company of hoarding toys and hiking prices in the run-up to Christmas, the BBC reported. Venezuela’s consumer protection agency, Sundde, said toy […]

Venezuela military to distribute medicine to hospitals

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From Caribbean News Service CARACAS, Venezuela, Nov 03 2016 – The Venezuelan Armed Forces are taking control of the distribution of medicine and medical equipment to public hospitals, Defence Minister Vladimir Padrino announced on Wednesday. Gen Padrino said the measure was taken to avoid medicine “being re-routed”. Venezuela is mired in an economic crisis which […]

Venezuela opposition marches against President Maduro

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By The Associated Press By Caribbean Business CARACAS, Venezuela — Police in riot gear on Friday blocked protesters from rallying in downtown Caracas outside election officials’ headquarters to demand a recall referendum against President Nicolas Maduro. Hundreds of thousands of opposition protesters had poured into the streets earlier in September to demand Maduro’s removal. Friday’s march […]

Venezuelan president threatens to jail US business executives

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From Curacao Chronicle CARACAS – President Nicolás Maduro has threatened to jail Kimberly-Clark executives by soliciting an Interpol red notice after the US paper products company shut down production in Venezuela last week. The Texas-based company produced items that are in critically short supply, like toilet paper, diapers and feminine hygiene products. Kimberly-Clark’s factory in the […]

Armed bandits rob 300 tourists on Venezuela beach

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From Caribbean News Now CARACAS, Venezuela — Just days after Venezuela’s tourism minister announced a plan to attract more tourists to the country, a group of seven armed bandits robbed some 300 people relaxing on a Caribbean beach in eastern Venezuela. The attack took place around noon on Friday at Arapito Isla Beach. Local media […]