While the biggest European leagues are thriving, it's a much different story in Africa and South America. This inequality is visible in World Cup squads as few players from these two continents play for domestic clubs.
Petrobras has selected Jose Mauro Coelho to become the next CEO of Latin America's largest oil producer at a time high fuel prices have put it under politi.
Petrobras' shareholders appointed Jose Mauro Coelho as a board member on Wednesday, a key step to making him CEO and ending a tumultuous leadership transit.