
Rampant corruption in Venezuela’s national oil company weighs down the economy




The inauguration of Nicolás Maduro last Friday ushers in a new chapter for Venezuela, marked by deep socioeconomic wounds. The ongoing financial crisis — arguably the population’s greatest source of discontent — persists despite a modest reactivation of consumption. Crisis and political conflict remain intertwined, and after a decade of catastrophic governance and escalating tensions between the ruling party and the opposition, the Maduro government now faces an especially turbulent period.

Venezuelan vice-president Delcy Rodriguez and Spanish foreign minister José Manuel Albares release statements saying the opponent of Nicolas Maduro had left
Venezuelan opposition presidential candidate Edmundo González has left the South American country after seeking asylum in Spain, according to the Spanish foreign minister.
“Edmundo González, at his own request, flew to Spain on a Spanish air force plane,” José Manuel Albares said in a statement online, adding that the “government of Spain is committed to the political rights and physical integrity of all Venezuelans”.
Nearly a month after the Venezuelan president’s roundup many expect him to ride out the threats to his 11-year rule
Nicolás Maduro has baptised his political crackdown Operación Tun Tun (Operation Knock Knock) after the spine-chilling visits his security forces pay their targets. But when members of Venezuela’s secret police came for Aixa Daniela Boada López, they announced their arrival with a thump not a tap.

Juan Diego Quesada
Caracas, 30 July 2024
Public anger over suspicions that the government committed fraud in Sunday’s presidential election has spread across Venezuela. Statues of Hugo Chávez, the founder of the left-wing populist movement known as Chavismo, were knocked down with sledgehammers in three cities. Protesters decapitated one of the statues and dragged the bronze head through the streets on a chain tied to a motorcycle, evoking what the Greek mythological hero Achilles did with the corpse of the Trojan prince Hector in Troy. People applauded as they passed.
Nicolás Maduro faces calls to publish transparent breakdown of vote but allies hail his apparent victory
Nicolás Maduro’s apparent re-election as Venezuela’s president has been met with scepticism, suspicion and calls for a transparent and detailed breakdown of the vote in Sunday’s controversial poll.
Result with 80% of votes counted goes against opinion polls that suggested incumbent was facing defeat
Patricia Torres in Caracas and Sam Jones in Madrid
Monday 29 July 3024
Nicolás Maduro has been declared the winner of Venezuela’s presidential election by the government-controlled electoral authority – a result that appeared to dash opposition hopes of ending his authoritarian, socialist rule after 25 years, and which was immediately challenged by rivals and several governments in the region and beyond.
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| Some Venezuelans find a way to use devalued money that is now just paper. Photograph: Juancho Torres |
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| Child in hospital Barquisimeto, Venezuela |
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| Nicolás Maduro |
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| A demonstrator prepares to throw an object during a protest against President Lenín Moreno’s austerity measures. Photograph: Carlos García Rawlins/Reuters |