fuel subsidies

Bolivia's President Paz declared a 90-day state of emergency and deployed the army to clear roads blocked by protests over scrapped fuel subsidies. The blockades, lasting nearly 50 days, isolated La Paz, resulting in at least 17 deaths, 365 arrests, and shortages in essential supplies including hospital resources.

Bolivia's President Rodrigo Paz declared a state of emergency, granting the military authority to remove road blockades causing fuel and food shortages. Protests against austerity measures, including canceled fuel subsidies, have led to violent clashes, 17 deaths, and disruptions in medical care. The government claims the emergency aims to restore order and supplies.

Bolivia's President Rodrigo Paz declared a state of emergency to remove road blockades causing fuel and food shortages in La Paz and other cities. Protests against austerity measures, including fuel subsidy removal, led to violent clashes, 37 injuries, and 17 deaths, with the government citing transportation disruptions as a cause. The emergency allows military support for police to restore order, with a 90-day duration unless violence ends.

Bolivia's President Rodrigo Paz declared a state of emergency to deploy military forces against road blockades disrupting fuel and food supplies in major cities. Protests over austerity measures, including fuel subsidy cancellations, have caused violent clashes, injuries, and deaths, with at least seven fatalities linked to medical care disruptions.

Bolivia's President Rodrigo Paz declared a state of emergency to address road blockades disrupting fuel and food supplies in major cities. Protests against austerity measures, including canceled fuel subsidies, have caused violent clashes, injuries, and deaths, with blockades isolating La Paz and causing medical supply shortages.

Fuel subsidies are keeping price pressures muted in Japan, but the Bank of Japan (BoJ) is concerned about inflation and may implement further tightening measures.

Brazil will end fuel subsidies for diesel and gasoline if oil prices stabilize near $80 a barrel, according to a senior Treasury official. The decision is linked to a U.S.-Iran deal aimed at resolving the Middle East conflict and reopening shipping lanes.

The Dominican Republic plans to increase or implement new taxes to generate $800 million annually, targeting companies earning over $17 million, airline tickets, casinos, gambling, and electronic cigarettes. Tax exemptions will apply to micro-enterprises and individuals earning less than $680 monthly, while fuel subsidies totaling $350 million have already been allocated this year to mitigate rising oil prices linked to the Iran war.

Protesters in Bolivia clashed with police after President Rodrigo Paz signed a law enabling a government crackdown, leading to arrests and road blockades. The protests, demanding Paz's resignation, are driven by economic issues like fuel subsidy removal and rising inflation, with reports of deaths and injuries.

US War Secretary Pete Hegseth reaffirmed American support for Bolivia's government amid claims of a coup d'état, citing threats from narco-terrorists. Protests in La Paz over economic issues and fuel price hikes have intensified, with Bolivian Defense Minister Marcelo Salinas resigning. Former President Evo Morales, hiding in the Chapare region, called for early elections.

European policymakers are subsidizing fuel to delay necessary adjustments in energy demand, which may hinder market efficiency. This approach risks prolonging reliance on fossil fuels and delaying transitions to sustainable energy solutions.