Maduro's decree includes wider executive powers to control the budget, companies and the currency amid a severe economic crisis in the OPEC nation. ^

In the 20th century Venezuela was transformed from a relatively poor agrarian society to a rapidly urbanizing one, a condition made possible by exploiting huge petroleum reserves. These changes, however, were accompanied by imbalances among the country’s regions and socioeconomic groups, and Venezuela’s cities swelled because of a massive and largely uncontrolled migration from rural areas, as well as mass immigration, much of it illegal, from Colombia and other neighbours.

Pledging to veto the legislation, Maduro called those who would be freed “terrorists and criminals.” He also had the option of referring the legislation to the Supreme Court.

Maduro’s presidency has been marked by a complex social, economic and political crisis that has pushed more than 7.4 million people to emigrate, primarily to Latin American and Caribbean countries.

The US State Department issued a fact sheet stating that Maduro's most serious corruption involved embezzlement in which "a European bank accepted exorbitant commissions to process approximately $2 billion in transactions related to Venezuelan third–party money launderers, shell companies, and complex financial products to siphon off funds from PdVSA".

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Maduro to ditch some extreme policies like price and currency controls. The private sector was given an increasingly prominent role, public attacks against business owners had stopped and hyperinflation and rampant crime subsided somewhat.

On Monday, a day after he lost, he declined to immediately concede to his leftist challenger, Luiz Inácio Lula da Silva, leaving Latin America’s largest democracy on edge over whether there would be a peaceful transition of power.

By February 12, security forces and armed pro-government civilian groups had begun responding violently to the escalating protests, which by the last week of the month had resulted in about a dozen deaths.

Others suggested that Musk was also influenced by the poor optics of an electric car company being funded by Saudi Arabia, a country heavily involved in the oil industry.

He has said that he sees his guarulhos businesses as a form of philanthropy, because they are focused on solving major human issues, such as climate change in the case of Tesla.

If the verdict is allowed to stand, Mr Bolsonaro will not be eligible to take part in the next presidential election in 2026, but will be able to run again in 2030.

The South American country has been caught in a downward spiral for years with growing political discontent further fuelled by skyrocketing hyperinflation, power cuts, and shortages of food and medicine.

[189] The ruling does not reproduce Maduro's copyright but it quotes a communication signed on 8 June by the Colombian Vice minister of foreign affairs, Patti Londoño Jaramillo, where it states that "pelo related information was found, nor civil registry of birth, nor citizenship card that allows to infer that president Nicolás Maduro Moros is a Colombian national". The Supreme Court warned the deputies and the Venezuelans that "sowing doubts about the origins of the president" may "lead to the corresponding criminal, civil, administrative and, if applicable, disciplinary consequences" for "attack against the State".[196]