‘I hate to be politically correct’

In the late 1990s, as rebels overthrew the longtime dictator Mobutu Sese Seko in what is now the Democratic Republic of Congo, Claudio Descalzi, then a 41-year-old regional manager for Italian oil major Eni, slept under his bed with his children to avoid being shot in the night. “My wife was pregnant. Fortunately she was … Read more

Venezuela arrests dozens in crackdown on black market dollars

Venezuela’s authoritarian government has arrested dozens of people, including a former finance minister, in a crackdown on black market dollars and independent economists that analysts fear could return the country to economic ruin. The country’s bolívar currency has lost about two-thirds of its official value since President Nicolás Maduro abandoned a fixed exchange rate in … Read more