Venezuela threatens to slash petrol subsidies

Socialist President Nicolas Maduro announces plans to raise petrol prices in effort to save $12.5bn annually.

    Venezuela has announced plans to raise the country’s petrol prices, currently the lowest in the world, in an effort to shore up billions of dollars.

    Suffering from the world's highest rate of inflation, the government of Socialist President Nicolas Maduro believes the price hike could save an estimated $12.5bn annually.

    But the plan could create a backlash, as deadly riots broke out in 1989 at the possibility of a price hike.

    Al Jazeera's Lucia Newman reports from Caracas.

    SOURCE: Al Jazeera


    Meet the deported nurse aiding asylum seekers at US-Mexico border

    Meet the deported nurse helping refugees at the border

    Francisco 'Panchito' Olachea drives a beat-up ambulance around Nogales, taking care of those trying to get to the US.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.