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VENEZUELA won a victory against Exxon Mobil on Thursday when a World Bank tribunal overturned a 2014 anti-nationalisation ruling.
The International Centre for Settlement of Investment Disputes upheld Caracas’s appeal against the ruling granting the oil giant $1.4 billion (£1.15bn) compensation over late president Hugo Chavez decision to take over the Cerro Negro project in 2007.
“We were confident all along that our position was correct and are very pleased that the annulment committee agreed,” Venezuela’s lawyer George Kahale said.
International solidarity can ensure that Trump and his machine cannot prevail without a level of political and economic cost that he will not want to pay, argues CLAUDIA WEBBE
The global left must be unwavering in it is support for Venezuela as Washington increases its aggression, and clear-eyed about the West’s cynical motives for targeting it, says CLAUDIA WEBBE
US baseless accusations of drug trafficking and the outrageous putting of a bounty on a president of a sovereign country do not bode well, reports PABLO MERIGUET