Violent clashes erupted in Venezuela between armed forces and Juan Guaido’s supporters and America claimed President Maduro was ready to escape to Cuba.
IMF expects hyper-inflation in Venezuela to hit 10 million per cent in 2019, nearly 10 times more than the 1.37 million per cent inflation rate predicted for 2018.
Venezuela is in economic turmoil, and US-backed opposition leader Juan Guaido has declared himself president after protests against incumbent Nicolas Maduro.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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