On April 16, following the arrest of former Ecuadorian Vice President Jorge Glas, Venezuelan President Nicolás Maduro ordered the closure of his country’s embassy and two consulates in Ecuador. The closures, impacting the embassy in Quito and consulates in Quito and Guayaquil, underscore a sharp protest against what Maduro views as a breach of international […]
Related Posts
Soaring Revenues in Brazilian Soccer
In 2023, Brazilian soccer achieved a record with marketing revenues reaching R$1.4 billion ($275 million), marking a 22% increase from the prior year. Amidst rising sponsorships, licensing, and merchandise sales, the top 20 clubs’ revenues grew 55% over five years, showing resilience against economic fluctuations. Marketing revenues accounted for a significant portion of the clubs’ […]
Venezuela Seals Oil Deals After U.S. Sanctions Ease
Venezuela unveiled significant new partnerships in its oil sector, involving agreements with eight multinational oil companies. These partnerships became possible after the U.S. eased energy sanctions against Venezuela. The easing of these sanctions was a direct result of an electoral agreement. In October, U.S. President Joe Biden’s administration relaxed sanctions. These sanctions, imposed by the […]

Brazil’s environmental agency Ibama postpones award of license to Petrobras in Amazon estuary region
The Ibama President, Rodrigo Agostinho, voiced his concern over Brazil’s decision to allow Petrobras, the state-run oil company, to explore the ecologically sensitive Foz do Amazonas basin without exhaustive studies. He argued that the nation should have ensured a more detailed investigation of the potential environmental impacts as part of Petrobras’ strategic business planning. The […]