Economic Emergency News

Borges said the decree is not intended to handle the insecurity, shortages and other problems affecting the country and will actually make those things worse.

Venezuela has declared a two-month extension for the current state of economic emergency , the media reported on Tuesday.

Embattled Venezuelan President Nicolas Maduro has decreed a two-month extension on emergency powers meant to help shore up the country's crippled economy.

French President Francois Hollande Monday pledged to redefine France's business model and declared what he called "a state of economic and social emergency," unveiling a 2-billion-euro (USD 2.2 billion) plan to revive hiring and catch up with a fast-moving world economy.