News

Venezuela is blaming a crippling 5-day blackout on US cyber warfare — but experts say it’s probably the country’s neglected power network

Venezuela is entering the fifth day of its worst blackout in decades. President Nicolás Maduro blamed “American imperialism”, specifically US cyber attacks, for the power outage. But experts believe the lack of maintenance and funding of the national power grid is the real culprit. Many hospitals are without power, public […]
Venezuela is blaming a crippling 5-day blackout on US cyber warfare — but experts say it’s probably the country’s neglected power network
Markets

Venezuelan assets are rallying as the world’s biggest economies recognise Juan Guaidó as the country’s new president

Venezuela’s credit markets are rallying after President Trump announced that he would recognise Juan Guaidó as the country’s legitimate head of state. Guaidó’s initial legislative challenge sent the country’s bonds to a five month high which has been surpassed today. Venezuela’s state-owned oil company Petroleos de Venezuela’s bonds also rallied […]
Venezuelan assets are rallying as the world’s biggest economies recognise Juan Guaidó as the country’s new president