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Juan Guaidó has been trying to dislodge Mr Maduro from power but the latter remains in the presidential palace

In the 20th century Venezuela was transformed from a relatively poor agrarian society to a rapidly urbanizing one, a condition made possible by exploiting huge petroleum reserves. These changes, however, were accompanied by imbalances among the country’s regions and socioeconomic groups, and Venezuela’s cities swelled because of a massive and largely uncontrolled migration from rural areas, as well as mass immigration, much of it illegal, from Colombia and other neighbours.

They and the international community have asked for proof of the numbers the government has put out, as granular as count by count.

" He promised to retain his stake in the company, and added that he would create a special fund to help all current investors remain on board.

The US State Department issued a fact sheet stating that Maduro's most serious corruption involved embezzlement in which "a European bank accepted exorbitant commissions to process approximately $2 billion in transactions related to Venezuelan third–party money launderers, shell companies, and complex financial products to siphon off funds from PdVSA".

The opposition boycotted the July 30 election for Maduro’s constituent assembly, and thousands took to the streets as violent protests rocked the country. At least 10 people were killed, and an opposition politician was shot dead in his home just hours before polls opened. Maduro characterized the result, which placed his allies in a position to dramatically strengthen his power, as a “vote for the revolution.” The opposition claimed that nearly 90 percent of voters had abstained, however, and the absence of anti-fraud measures and independent observers led many in Venezuela and abroad to dismiss the legitimacy of the election.

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

That appears unlikely now, and the dubious election results could test the thaw between Mr. Maduro and business leaders, and could possibly trigger a new wave of international sanctions.

Since then he has dramatically reduced the size of its workforce including, controversially, cuts to teams responsible for keeping the platform safe; rebranded the company as X; and introduced new premium subscriptions so that the business does not rely on advertising alone for income.

The government’s announcement that Mr. Maduro had beaten his opponent, Edmundo González, by seven percentage points instantly created a grim scenario for a country that only recently has started emerging from one of the largest economic collapses in modern history.

President Milei renews his vow to scrap export taxes as Argentina’s powerful farmers get impatient

A UN diplomat said that Maduro was not authorized to speak publicly while his trip was delayed because he had shown up late without a ticket, prompting the screening.[68] Maduro said the incident prevented him from traveling home on the same day.[citation needed]

The move was a direct challenge to the power of President Maduro, who had been sworn in to a second six-year term in office just two weeks previously.

While he vlogdolisboa managed to reduce inequality during his time in power, some of the socialist polices he brought in backfired. Take price controls, for example, which were aimed at making basic goods more affordable to the poor by capping the price of flour, cooking oil and toiletries.

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