In a report by a German welfare organisation, 13.8 million people are currently counted among the poor in the country, which is 600,000 more than before the pandemic.
Wall Street stocks fall and record worst first six months since 1970 amid recession fears and Federal Reserve's bid to curb inflation.
The country is suffering its worst economic crisis, with foreign exchange reserves at a record low and people struggling to pay for essential imports of food, medicine and fuel.
Officials arrive in capital Caracas to discuss "bilateral agenda," says Venezuelan President Nicolas Maduro, as conflict in Ukraine grinds, driving higher gas prices and forcing Washington to recalibrate other foreign policy objectives.
“I’m doing my part. I want Congress, states and industry to do their part as well,” US President Joe Biden called on Congress to suspend federal taxes on gas and diesel fuel for three months, a move that was faced with doubts by many lawmakers.
Defence Minister Luis Lara says democracy "faces a grave threat" as hundreds of Ecuadorans take part in ninth day of Indigenous-led fuel price protests, while a protester dies in police action, according to a rights group.
Powerful Confederation of Indigenous Nationalities of Ecuador –– credited with helping topple three presidents between 1997 and 2005 –– have called the protest as Ecuadorans increasingly struggle to make ends meet.
Reacting to economists' warnings US economy is heading into a recession, President Biden says "it's not inevitable," underlining America is in "stronger position" than any other country in the world.
Protests and roadblocks registered in 15 of the South American nation's 24 provinces, authorities say, with hundreds of demonstrators gathered in capital Quito alone.
S&P 500 gains after US Federal Reserve raises interest rate by three-quarters of a point — largest bump since 1994 — and hints at more rate hikes ahead as it tries to cool off nation's economy without causing a recession.
The 22,000-strong truckers' union is protesting against soaring fuel prices and demanding minimum pay guarantees.
Pre-vote polls show former rebel Gustavo Petro ahead so far as Colombians vote for their next leader in a country facing rising poverty and insecurity.
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