Lufthansa has suspended flights to Venezuela over fears the country’s rapidly plummeting currency could lead to losses in foreign exchange. The country has descended into economic chaos – causing inflation to soar.
Thousands of people are fleeing Venezuela amid food, power and medicine shortages. President Nicolas Maduro's government now wants to strengthen border controls and has raised the price for passports.
Under a new economic program, Turkey wants to cut its growth sharply and promised to curb public spending, as it seeks to avoid a full-blown economic crisis fueled by massive inflation and a plunging currency.
The humanitarian tour will provide medical help to the crisis-ridden country, but Venezuelan officials said it was also part of a "strategic defense operation." Pharmaceutical prices have soared as the currency tanks.
Presidents Nicolas Maduro and Donald Trump both extended olive branches, saying they would be willing to meet. But Maduro also blamed the US for staging a drone attack against him and plotting his overthrow.
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