Bloomberg The highly-indebted oil company at the center of Brazil’s biggest corruption scandal still has cash to support top athletes in the run-up to the Olympic games being held in its home city. Rio de Janeiro-based Petrobras has expanded its budget for athletes, even as it cut overall sponsorship spending by 27 percent this year to 228 million reais ...

  Bloomberg Accused by one of its founders of nepotism and greed, Hyperloop Technologies Inc., a startup dedicated to fulfilling Elon Musk’s dream of high-speed transportation, is taking steps to rein in the power of its major stakeholders. At a series of all-hands meetings in recent weeks, according to two people familiar with the situation, the company told employees it’s ...

  Cucuta, Colombia / AFP Thousands of Venezuelans crossed into the Colombian city of Cucuta to buy food and medicine, taking advantage of another brief opening in the border that’s been closed nearly a year. Caracas authorized the temporary opening a week after some 35,000 Venezuelans poured across the border during a 12-hour opening of the pedestrian bridge that connects Tachira, ...