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The IMD World Competitiveness Rankings are released by the IMD Business School evaluate countries on their ability to foster an environment where enterprises can achieve sustainable growth, generate jobs and increase welfare for its citizens. It takes into account 235 indicators with a wide range of statistics such as unemployment, GDP and government spending on ..
The legislators of Venezuela has stripped off Juan Guaido of the immunity thus giving way to the prosecution of the leader of the opposition and also his potential arrest. He is accused of violation of the Constitution when he had declared himself as the interim President. Diosdado Cabello, the head of the Constituent Assembly had ..
For the third consecutive day starting from Friday, power went out across Venezuela. Though some power returned by noon, most of the country was still in dark. Many began to protest against the President Maduro, hi they consider is responsible for the black out. The water supply, phone services, and internet are all shaky at ..
Nicolas Maduro has been sworn-in for a second term as Venezuela’s president on 10th January 2019, despite international criticism that his re-election was illegitimate. The result was denounced as fraudulent by many neighbouring countries, including Argentina, Mexico, Chile, Colombia, Brazil, Canada and the United States, as well as organizations such as the European Union, and ..
Nicolas Maduro Moro, the leftist leader and Venezuela’s President, has been re-elected to a second six-year term. Maduro hailed his win as a victory against imperialism, but his rival candidates have rejected the electoral process and called for new elections. The vote was marked by low turnout. Meanwhile, the United States, European Union and several ..
Venezuelan President Nicolas Maduro launched a crypto-currency “Petro” to advance issues of monetary sovereignty, make financial transactions and overcome the financial blockade. Beside this, Petro will also circumvent US-led financial sanctions. The digital currency will be backed by Venezuelan reserves of gold, oil, gas and diamonds.
Venezuela’s President Nicolas Maduro has signed an emergency decree ordering the 100 bolivar bill, the country’s largest banknote, out of circulation in the next 72 hours. This move has been taken to thwart mafias from hoarding cash in Colombia. Investigations conducted by Venezuelan agencies have found that billions of bolivars, in bills of 100, were ..