Crisis-hit Venezuela forces stores to hold Christmas sales
Caracas
EVER since Venezuelan government agents put up a giant "Sale" sign in his storefront, crowds have been lining up outside Juan Vieira's shoe shop.
But he's having a hard time getting into the Christmas spirit. "What good is it to sell shoes if I'm giving away my product?"
Stuck in a nasty economic crisis, Venezuela is facing a Scrooge-worthy Christmas this year.
The world's highest inflation rate has gutted Venezuelans' incomes and chronic shortages have left them struggling to buy food, let alone presents.
Seeking to spread some cheer, President Nicolas Maduro's s…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Sony deal for Paramount would draw added regulatory scrutiny
Lululemon to shutter Washington distribution center, lay off 128 employees
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
P&G raises annual core profit forecast on resilient demand, price hikes
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom