Venezuela
Venezuela and Iran deepen trade ties to circumvent sanctions at Caracas forum
Venezuela and Iran moved to reinforce their bilateral cooperation during a business forum held in Caracas on June 2, with senior officials from both nations discussing new trade and technology initiatives.
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Latin America faces investment drought as fiscal space shrinks, ECLAC says
ECLAC report highlights the region's struggle with low public investment amid mounting debt pressures.
LATAM BLOG: Venezuela's latest electoral charade marks final break with democracy
The May 25 parliamentary and regional elections delivered Nicolás Maduro a sweeping triumph, but the price was democratic legitimacy itself.
Venezuela elects governor for Guyana-controlled Essequibo in sovereignty escalation
Venezuela conducted regional and parliamentary elections on May 25 for a governor and lawmakers to represent Essequibo, an oil-rich region that remains under Guyana's administration.
Rubio rules out Chevron Venezuela licence extension after conflicting signals
The US administration is set to revoke Chevron's licence to operate in Venezuela on May 27, as initially scheduled, contrary to recent Bloomberg reports that suggested a longer extension was likely.
US poised to extend Chevron's Venezuela operations as detained American veteran freed
The Trump administration is poised to prolong Chevron's authorised operations in Venezuela by an additional 60 days, as Washington continues sensitive talks with Nicolás Maduro’s government regarding American detainees.
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Venezuela suspends Colombia flights after alleged election sabotage plot
Days before Venezuela's regional elections, the Maduro government has halted all flights to and from Colombia, stranding thousands after claiming to uncover a US-backed conspiracy.
COMMENT: China and Latin America forge ‘shared future’ as US wields coercive diplomacy
China hosted Latin American leaders at the China-CELAC Forum, pledging $9.2bn and deeper ties. As US influence fades, Beijing’s “shared future” vision gains ground, fueling a shift in global alliances and challenging Washington’s dominance.
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Latin American EV market accelerates threefold in 2024
The number of light electric vehicles in Latin America and the Caribbean saw a dramatic surge last year, tripling in size from 154,966 registered units at the end of 2023 to 444,071 vehicles by December 2024, according to data from Olade.
China woos Latin America with $9bn credit line amid Trump trade tensions
China has offered Latin American and Caribbean countries a CNY66bn ($9.2bn) credit line as part of a comprehensive economic and political cooperation package presented during the CELAC-China summit in Beijing.
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HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
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Putin rolls out red carpet for Maduro as Venezuela cements Russian alliance
President Nicolás Maduro arrived in Moscow on May 7 for talks with Vladimir Putin, where both sides committed to expanding cooperation across defence, energy, technology, and finance.
Venezuelan dissidents escape Argentine embassy after year-long standoff in Caracas
Five Venezuelan dissidents who had sought refuge in Argentina’s embassy in Caracas have escaped the country after more than a year in hiding, in what sources described as a covert military operation led by the United States.
ECLAC cuts Latin America growth forecast amid global uncertainties
The UN's Economic Commission for Latin America and the Caribbean (ECLAC) has downgraded its 2025 growth forecast to 2%, adding to a chorus of international institutions painting a bleak outlook for the region.
Trinidad opposition sweeps to power in decisive election victory
Trinidad and Tobago's parliamentary elections on April 28 delivered a victory for Kamla Persad-Bissessar's centre-left United National Congress (UNC) party, which secured 26 of 41 seats in the House of Representatives.
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Venezuela embraces Russian GLONASS in challenge to US satellite dominance
Russia is accelerating the expansion of ground correction stations for its GLONASS satellite navigation system across Latin America, with Venezuela set to become the latest country to host the technology within weeks.
LatAm set to be world's slowest-growing region as World Bank slashes forecasts
Economic expansion for region projected to be slowest globally as external pressures mount
Venezuela’s Henrique Capriles expelled from opposition party
Venezuela’s opposition party Primero Justicia has expelled six senior members, including former presidential candidate Henrique Capriles, over their decision to contest upcoming legislative and regional elections in May.
Venezuela's Maduro to attend Moscow's Victory Day parade
Venezuelan President Nicolas Maduro will travel to Moscow to participate in Russia's Victory Day celebrations on May 9, Russian Foreign Minister Sergei Lavrov has announced.
Latin American leaders blast US tariffs at CELAC summit as China offers economic lifeline
Latin American leaders gathered in Honduras on April 9 to condemn United States trade measures during the ninth summit of the Community of Latin American and Caribbean States (CELAC).