Venezuela announces daily, nationwide power cuts on drought

Venezuela will begin cutting electricity supplies amid a prolonged drought that has limited power generation, the electricity minister said on Thursday, an unpopular measure for a population already struggling to obtain food and medicine. The rationing effort adds to the woes of President Nicolas Maduro, whose socialist administration is facing chronic problems in supplies of staple goods as low oil prices have stretched the OPEC nation's state-led economic model. "There will be restrictions," E