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Nyheter från Expressen via RSS: Nyheter -
12 hours and 44 minutes ago
Minst nio människor omkom i Venezuela när skyfall orsakade jordskred och
översvämningar.img
src="http://server-dk.imrworldwide.com/cgi-bin/imodecount?url=http://www.expressen.se/RSS;cid=se_expressen-se_0"/
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FOXNews.com -
18 hours and 36 minutes ago
Heavy rains unleashed flooding and mudslides in Venezuela that killed at least eight people,
including four children, authorities said Friday.
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Libération.fr > Culture -
1 days and 1 hours ago
Elections régionales et municipales ce dimanche au Venezuela. Malgré l’enjeu,
ce sont les pluies torrentielles qui font jaser. Et on fait des réserves avant
l’interdiction de la vente d’alcool... Le témoignage de notre envoyé
spécial Gérard T
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Le Monde.fr : International -
1 days and 2 hours ago
Dimanche 23 novembre, les Vénézuéliens éliront les gouverneurs des
Etats et les maires. Le président souhaite effacer sa défaite lors du
référendum de 2007.img width='1' height='1'
src='http://rss.feedsportal.com/c/205/f/3052/s/26a775d/mf.gif' border='0'/br/br/a
href="http://da.feedsportal.com/r/24192764933/u/0/f/3052/c/205/s/40531805/a2.htm"img
src="http://da.feedsportal.com/r/24192764933/u/0/f/3052/c/205/s/40531805/a2.img" border="0"//a
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Le Monde.fr : International -
1 days and 2 hours ago
Dimanche 23 novembre, les Vénézuéliens éliront les gouverneurs des
Etats et les maires. Le président souhaite effacer sa défaite lors du
référendum de 2007.img width='1' height='1'
src='http://rss.feedsportal.com/c/205/f/3052/s/26a775d/mf.gif' border='0'/br/br/a
href="http://da.feedsportal.com/r/24192764933/u/5/f/3052/c/205/s/40531805/a2.htm"img
src="http://da.feedsportal.com/r/24192764933/u/5/f/3052/c/205/s/40531805/a2.img" border="0"//a
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Romandie News -
1 days and 3 hours ago
CARACAS - Le Venezuela et le Vietnam ont conclu un accord pour la création d'un fonds commun
de développement de 200 millions de dollars ainsi qu'un ...
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FAZ.NET -
1 days and 4 hours ago
div style='clear:left;'img style="float:left;padding-right:5px;"
src="http://www.faz.net/m/{4856819E-CA88-464B-B0A8-7B0092D01486}File2.jpg" width=111 height=115
border=0 /Seit dem Amtsantritt von Hugo Chávez wird Venezuela von Drohungen, Verleumdungen
und Gewalt regiert. Der Militär verliert an Beliebtheit - doch präsentiert das Volk ihm
bei den Kommunalwahlen an diesem Sonntag die Quittung, muss es mit dem Schlimmsten rechnen.div
style="margin: 5px 0 5px 0; border-top:1px solid #7A89CC; font: 10px arial; color: #7A89CC; clear:
both;" a href="http://www.faz.net/s/homepage.html" style="font-size: 10px; color: #7A89CC;
text-decoration: none;" target="_blank"FAZ.NET - Homepage/a a href="http://www.faz.net/politik"
style="font-size: 10px; color: #7A89CC; text-decoration: none;" target="_blank" | Politik/a a
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none;" target="_blank" | Gesellschaft/a a href="http://www.faz.net/wirtschaft" style="font-size:
10px; color: #7A89CC; text-decoration: none;" target="_blank" | Wirtschaft/a a
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color: #7A89CC; text-decoration: none;" target="_blank" | Sport/a a
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/div

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Romandie News -
1 days and 5 hours ago
CARACAS - Au moins cinq personnes ont été tuées au Venezuela à la suite
de pluies diluviennes, qui ont provoqué des inondations ...
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LE FIGARO - Une -
1 days and 15 hours ago
Au moins deux personnes ont été tuées en raison de pluies diluviennes au
Venezuela, qui ont également provoqué le chaos dans plusieurs quartiers de la
capitale Caracas, selon les autorités locales...
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Guardian Unlimited -
1 days and 17 hours ago
divimg alt=""
src="http://hits.guardian.co.uk/b/ss/guardiangu-feeds/1/H.15.1/85170?ns=guardianpageName=Business%3A+From+the+Kremlin+to+Caracas%2C+how+oil+collapse+changes+everythingch=Businessc3=The+Guardianc4=Oil+and+gas+companies+%28Business%29%2CGlobal+economy+%28Business%29%2CRussia+%28News%29%2CSaudi+Arabia+%28News%29%2CIran+%28News%29%2CBusiness%2CVenezuela+%28News%29%2CCredit+crunch+%28Business%29%2CEnergy+%28Environment%29%2CEnvironment%2CWorld+news%2CMiddle+East+%28News%29%2CSaudi+Arabia+%28Football+club%29c5=Football+World+Cup%2CCredit+Crunch%2CNot+commercially+useful%2CBusiness+Markets%2CEnergy%2CEthical+Livingc6=Luke+Harding%2CIan+Black%2CRory+Carrollc7=2008_11_21c8=1121611c9=articlec10=GUc11=Businessc12=Oil+and+gas+companiesc13=c14=h2=GU%2FBusiness%2FOil+and+gas+companies"
width="1" height="1" //divh2Russia/h2pRussia is lurching towards a major economic crisis, experts
predicted yesterday, following news that the price of oil had slumped to under $50 (pound;33.72) a
barrel. The collapse was likely to have catastrophic consequences including a possible devaluation
of the rouble and a severe drop in living standards next year, they said. /ppWith oil prices
tumbling and his credibility at stake, Russia's prime minister, Vladimir Putin, yesterday insisted
that the economy was still robust. The country would survive the global financial turmoil - which
he blamed on the US - he told delegates from his United Russia party./ppBut the Kremlin is aware
that any loss of confidence in the Russian economy could lead to a loss of confidence in Putin and
his ally Dmitry Medvedev, who took over from Putin as president in May. /ppPutin said his
administration would do everything it could to prevent a recurrence of the last oil-related crash
in 1998, which saw the savings of many ordinary Russians wiped out. But the plummeting oil price
leaves him little room for manoeuvre. Experts suggest Russia's economy is facing profound
difficulties, despite two huge stabilisation funds accumulated during the booming oil years. /ppThe
fall in oil prices from $147 this July has blown a hole in the government's budget calculations. It
is now facing a $150bn shortfall in its spending plans and will have to slash expenditure in 2009.
Putin sought to assure hard-up Russians that their social benefits would not be affected. "We will
do everything in our power ... so that the collapses of the past years should never be repeated,"
he said./ppThe oil slump, however, exacerbates Russia's already severe problems. Since May Russian
markets have lost 70% of their value. Russia's central bank has spent $57.5bn trying to prop up the
ailing currency. "If the trend continues, with the government supporting the rouble, oil prices
falling and a slowing economy, we are going to have a major crisis," said Chris Weafer, of the
Moscow brokerage Uralsib.br /strongLuke Harding in Moscow/strong/ph2Iran/h2pIran is the second
largest Opec oil producer and already feeling the pain of declining prices more than any other in
the Middle East. Its "rainy day" oil stabilisation fund, used to release profits when revenues
decline, is reportedly badly depleted as a result of mismanagement by Mahmoud Ahmadinejad's
government. The precise figure is a state secret, but a member of parliament revealed recently it
was $7bn - just enough to cover one year of imported petrol./ppAhmadinejad has seen two central
bank governors resign and faces daily criticism of his policies. A strike by the powerful "bazaari"
class over a new VAT tax - which would have aggravated inflation already at nearly 30% - was seen
as a warning. Iran is especially vulnerable because 80% of its revenue comes from oil. The IMF
calculated recently that for Iran to balance its budget, the price of crude oil must not fall below
$95 a barrel. With prices now below $50 the shortfall could be staggering./ppThe effect of
declining oil prices will be felt both domestically and internationally. Ahmadinejad is expected to
stand for a second presidential term next June but the lack of cash will restrict his plans to
replace subsidies with direct cash payments - widely seen as a vote-buying tactic. US and UN
sanctions imposed over the nuclear issue are already limiting Iran's ability to issue letters of
credit and thus increasing its cost of trade./ppSaudi Arabia has been happy to use high Opec
production levels and low prices to contain Tehran's plans for regional hegemony. US experts and
lobbyists now talk openly of exploiting the drop in oil prices to make the sanctions more
effective.br /strongIan Black, Middle East editor/strong/ph2Saudi Arabia/h2pSaudi Arabia, the
world's leading oil producer and exporter, is expected to cut back on current spending and also
adjust ambitious long-term development plans in the light of the slump in prices./ppBut cautious
fiscal policies will place the kingdom in a relatively strong position, with the current budget
based on a price of around $45-50 a barrel. Expansion next year will require around $55-62./ppThe
worry must be that in a country with no elections, parliament, political parties or taxes, the
combination of slowing development projects and a widening gap between the wealthy elite and
ordinary people could be destabilising./ppPublicly, the message from the top has been that there is
no need to panic, even as falling prices of crude oil and the global financial crisis were becoming
inextricably linked and starting to wreak havoc in the Gulf economies./ppBy mid-November, the stock
exchanges of Dubai, Saudi Arabia and Kuwait had declined by 62.5%, 50.4% and 29.5% respectively.
Kuwait, which sits on 9% of world oil reserves, is expected to see its first budget deficit in 10
years if prices continue to fall. That will mean a long-term incentive to diversify away from
oil./ppIn Kuwait, Qatar, and the United Arab Emirates, government-run investment funds have also
suffered from heavy exposure to US and European stocks. But the UAE's Abu Dhabi Investment
Authority has assets of $500bn to $1tn./ppDubai, the glitziest part of the UAE, which has seen an
oil-fuelled boom in property but has little oil of its own, is starting to see a slowdown. But some
welcome that as a way of reducing the number of foreign expatriates and re-establishing a
disappearing sense of national identity.br /strongIan Black, Middle East
editor/strong/ph2Venezuela/h2pHugo Chávez has reduced Venezuela's support for foreign allies
and is poised to make deeper cuts at home and abroad as plunging oil revenues hit his socialist
revolution. The government has warned of austerity measures after years of high spending on social
programmes, nationalisations, arms and diplomacy. South America's energy giant relies on oil for
half its exports and 95% of government revenue, leaving the president's ambitions vulnerable to a
crunch./pp"Oil revenues are the weapons he has been using to fight this war. He is going to have to
make big changes," said Pietro Pitts, of Latin Petroleum magazine. "He will have to cut spending,
or devalue the bolivar, or both."/ppChávez recently said Venezuela would ride out any
financial storm and that oil prices of $80 or $90 a barrel would be sufficient. This now looks
optimistic. With next year's budget in tatters, and foreign investment slowing, the government made
cuts even before the latest price fall. Last month it postponed construction of a $4bn refinery in
Nicaragua, a key ally, and announced tougher terms for subsidising oil exports to some Caribbean
countries./ppThe state oil company slashed spending on the social programmes which have underpinned
Chávez's popularity. Aid to Bolivia and Ecuador, and subsidised oil to Cuba, may be hit
next. The finance minister, Alí Rodríguez, said the 2009 budget "will have
significant restrictions" compared with this year's $63.9bn and officials would have to cut back on
luxuries./ppSome analysts think Venezuela can weather the crisis with the help of rumoured $40bn
reserves. But Venezuela is racked by 36% inflation, and previous governments crashed when oil
crashed.br /strongRory Carroll in Caracas/strong/pdiv style="float: left; margin-right: 10px;
margin-bottom: 10px;"ullia href="http://www.guardian.co.uk/business/oilandgascompanies"Oil and gas
companies/a/lilia href="http://www.guardian.co.uk/business/globaleconomy"Global economy/a/lilia
href="http://www.guardian.co.uk/world/russia"Russia/a/lilia
href="http://www.guardian.co.uk/world/saudiarabia"Saudi Arabia/a/lilia
href="http://www.guardian.co.uk/world/iran"Iran/a/lilia
href="http://www.guardian.co.uk/world/venezuela"Venezuela/a/lilia
href="http://www.guardian.co.uk/business/creditcrunch"Credit crunch/a/lilia
href="http://www.guardian.co.uk/environment/energy"Energy/a/lilia
href="http://www.guardian.co.uk/world/middleeast"Middle East/a/lilia
href="http://www.guardian.co.uk/football/saudiarabia"Saudi Arabia/a/li/ul/divdiv
class="guRssAdvert"a
href="http://ads.guardian.co.uk/click.ng/richmedia=yessite=Businesscountry=(none)spacedesc=rsssystem=rsstransactionID=1227227727753112100421654622"img
src="http://ads.guardian.co.uk/image.ng/richmedia=yessite=Businesscountry=(none)spacedesc=rsssystem=rsstransactionID=1227227727753112100421654622"
border="0" //a/diva href="http://www.guardian.co.uk"guardian.co.uk/a copy; Guardian News Media
Limited 2008 | Use of this content is subject to our a
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Reuters: Top News -
1 days and 23 hours ago
MOSCOW (Reuters) - Russian President Dmitry Medvedev's visits to Venezuela and Cuba during a
week-long trip to Latin America look set to irk Washington, highlighting a foreign policy challenge
facing President-elect Barack Obama.div class="feedflare" a
href="http://feeds.reuters.com/~f/reuters/topNews?a=7DN7BhkU"img
src="http://feedproxy.google.com/~f/reuters/topNews?d=41" border="0"/img/a a
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src="http://feedproxy.google.com/~f/reuters/topNews?i=ML0uIggc" border="0"/img/a /divimg
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