An oil field in Venezuela. Ruined by sanctions and the collapse in the price of oil, Venezuela’s economy is in convulsions. Photograph: AP Photo/Ana Maria Otero

The perils of operating in a highly unstable market, such as Venezuela, are outlined in some detail in the annual report of the Smurfit Kappa Group (S(...)

Simone Menne, chief financial officer of Deutsche Lufthansa AG, speaks to employees following a minute’s silence for the victims of Tuesday’s plane crash, at the airline’s headquarters in Frankfurt. Photograph: Martin Leissl/Bloomberg 2:24

Germanwings has rounded up to 72 the number of German nationals who died in yesterday’s Alpine plane crash.Employees of Lufthansa and its Germanwings (...)

Venezuelan foreign minister Delcy Rodriguez told reporters Caracas would respond to the US sanctions move soon. Photograph: Carlos Garcia Rawlins/Reuters

The United States declared Venezuela a national security threat on Monday and ordered sanctions against seven officials from the oil-rich country in t(...)

People stand in front of the coffin of Kluiver Roa during his funeral. The 14-year-old was fatally shot at an anti-government protest in the western city of San Cristobal in Venezuela on Tuesday. Photograph: Carlos Eduardo Ramirez/Reuters

Sporadic protests flared in different parts of Venezuela on Wednesday, a day after a policeman shot dead a teenager during a demonstration against pre(...)

With an economy that is expected to contract by seven per cent this year, inflation running at 68 per cent, a currency devaluation put at as much as 7(...)

Lilian Tintori, wife of imprisoned opposition leader Leopoldo López, who has been imprisoned for the past year, at a Caracas demonstration against the detention of the city’s mayor,  Antonio Ledezma,  on Friday. Venezuela’s president Nicolás Maduro has adopted an increasingly shrill tone against critics of the country’s so-called Bolivarian Revolution. Photograph: Miguel Gutierrez/EPA

For a glimpse into Venezuela’s economic disarray, slip into a travel agency here and book a round-trip flight to Maracaibo, on the other side of the c(...)

Antonio Ledezma, the mayor of Caracas, Venezuela. Opposition leaders have demanded the mayor’s release following his arrest on the charge of plotting violence against the government. Photograph: Meridith Kohut/Bloomberg

Venezuelan opposition leaders have demanded the release of the mayor of Caracas following his arrest on accusations of plotting violence against presi(...)

Juan Carlos Monedero,  third-in-command of Spanish anti-austerity party Podemos, during a press conference in Madrid. Mr Monedero described a controversy over payments he received from from the Venezuelan, Bolivian, Ecuadorian and Nicaraguan governments as a ‘government set up’. Photograph: Javier Soriano/AFP/Getty Images

Podemos, the new anti-austerity party that is leading Spanish polls, has hit back at accusations that one of its leaders engaged in tax fraud, stemmin(...)

Exxon Mobil:  will reduce its share buyback programme in the first quarter by more than half to $1bn. Photograph: Jason Reed/Reuters

Exxon Mobil’s quarterly profit fell 21 per cent as weak oil prices took a toll, but results topped Wall Street expectations due to tax benefits and a (...)

A visitor passes ENOC-branded oil barrels stored at the Emirates National Oil   lubricants and grease manufacturing plant in Fujairah, United Arab Emirates. Photograph: Gabriela Maj/Bloomberg

Global oil prices extended their slide on Monday as Goldman Sachs lowered its short-term price outlook, while refineries in Ohio and Pennsylvania were(...)