Decades of nationalization, socialism, crony hiring and money printing turned Venezuela’s oil sector into a hollow shell, shrinking output, crushing incomes and forcing a historic exodus.

Trump threatens to exclude ExxonMobil from future Venezuela oil deals after CEO calls the country "uninvestable" during White House meeting with other industry executives.

Venezuela defaulted in 2017 on government and PDVSA bonds, with accumulated interest swelling total liabilities far beyond original amounts.

Venezuela faces massive economic challenges after Maduro, from hyperinflation and oil collapse to currency reform and rebuilding PDVSA amid deep structural damage.

Venezuela's economy collapsed under Hugo Chavez's socialism, with hyperinflation reaching 63,000% in 2018 despite the country's vast oil reserves.

An Argentine court is forcing Google to pay around $12,500 to a man who was caught in the buff on a Street View camera in his own backyard, according to reports.

President Donald Trump announced that countries that buy Venezuela oil and gas would face a 25% tariff on U.S. trade.

Argentine President Milei has astounded many with his economic policies, but, contrary to what the main economic indicators reflect, some analysts remain critical of his policies.

President-elect Trump implied Saturday he may demand U.S. ownership of the Panama Canal, claiming the U.S. is being ripped off by unfair tolls.

Elon Musk and his allies have argued that the order to block X is unconstitutional in Brazil, and the wider Brazilian Supreme Court will consider the issue to render final decision.

Minnesota Attorney General Keith Ellison wrote, "Thank you Brazil!" on X just days after the country banned the Elon Musk-owned social media platform.

The U.S. was the world's leading exporter of liquefied natural gas (LNG) in 2023 after setting monthly and annual records in December, according to tanker tracking data

The company has shifted geologists and engineers who had worked on the years long drilling campaign from its offices in Rio de Janeiro to other countries, they said.

Brazil and China have reached an agreement to ditch the U.S. dollar in favor of using their own currencies for transactions, a move that officials say will save both sides costs.

Following Lula da Silva’s election victory over President Bolsonaro, analysts expect a moderate approach in the economic realm, but shifts to a more left-wing foreign policy.

Gold's Gym's parent company, RSG Group, confirmed that its CEO Rainer Schaller and his family were on the plane that disappeared off Costa Rica’s coast.

German entrepreneur Rainer Schaller was one of the passengers on a plane that crashed in Costa Rica early Saturday, according to Costa Rican authorities.

Brazil Economy Minister Paulo Guedes learned from Milton Friedman at the Chicago School and implemented his policies under President Jair Bolsonaro's administration.

Venezuelan oil could soon enter U.S. markets as the U.S. Treasury Department has renewed a license with Chevron to operate in the South American country.