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Venezuela's 'Pearl of the Caribbean' loses its luster
Venezuela's 'Pearl of the Caribbean' loses its luster

One of the five stars that used to adorn the facade of the Margarita hotel on the Venezuelan paradise island of the same name has fallen off. The hotel is abandoned, its peeling facade a symbol of the decline of an island once dubbed the "Pearl of the Caribbean" that has been robbed of its shine by a severe economic crisis.

Stellantis says goodbye to 'performance psychopath' CEO
Stellantis says goodbye to 'performance psychopath' CEO

Carlos Tavares, a self-proclaimed "performance psychopath" who drove auto giant Stellantis with aggressive cost-cutting and high car prices, reached the end of the road as CEO when his strategy hit a dead end. "This is the end of the road for the strategy of cost cutting," said German car analyst Matthias Schmidt.