Venezuela hiked gasoline prices for the first time in almost two decades and devalued its currency as President Nicolas Maduro attempts to address triple-digit inflation and the economy’s deepest recession in over a decade.
The primary exchange rate used for essential imports, such as food and medicine, will weaken to 10 bolivars per dollar from 6.3, Maduro said in a televised address to the nation. The government will also eliminate an intermediate rate that last sold dollars for about 13 bolivars and improve an alter...
16:24 G.M. Operations in Venezuela Are Seized as Protests Swell17
13:44 Murray to play Barcelona in bid for claycourt time13
20:21 Will Smith's Killer, Cardell Hayes, Sentenced To 25 Years In Prison for Murder17
16:44 Venezuela seizes a General Motors plant amid anti-government protests19