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Seoul mayor begins 5th term with promise of more opportunities for young people

Seoul Mayor Oh Se-hoon takes the oath of office during his inauguration ceremony at Seoul City Hall on Wednesday. Pool Photo by Yonhap

Seoul Mayor Oh Se-hoon promised Wednesday to provide more opportunities for the younger generation, who are facing severe economic threats, including drastic changes in the job market, as he began his fifth term at the helm of the city government.

Oh was reelected for a fifth term in the June 3 local elections — the first such case in South Korea’s political history. During his inauguration ceremony held at Seoul City Hall, he delivered five pledges, including providing Seoul’s youth with education and housing.

“Today’s youths are facing great pressure to survive more than ever before amid rapid job transformations, technological shifts and high housing prices,” the newly inaugurated mayor said.

Oh said he would ensure that every young citizen can learn and utilize artificial intelligence (AI) so that no one gets isolated from ongoing technological developments.

“I will make a Seoul where people can grow as much as they work and be recognized solely for their skills,” he emphasized.

Oh also promised to supply 310,000 newly built housing units by 2031 and complete urban railway projects to open an era where “a subway station is within a 10-minute walk of every home.”

He further pledged to create a city where residents can find a place to exercise within a 10-minute walk from their homes and vowed to revitalize local commercial districts by providing comprehensive support for small business owners.

“Making Seoul a global top three city is not just about raising its international ranking,” Oh said. “It means transforming it into a city where global citizens want to visit and where our residents want to live for a lifetime.”

Oh previously served his first two terms as the capital’s mayor from 2006 to 2011, when he voluntarily stepped down after losing a municipal referendum on a citywide free lunch program.

Following a decadelong hiatus from public office, Oh made a dramatic comeback by winning the 2021 mayoral by-election, stepping into his third term. After finishing his third term and winning reelection in 2022, he served his full fourth term until this year.

“I will work with the mindset that true achievements are only those felt by the citizens,” Oh said.

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‘I was set for fame after a popular BBC Show – but I was forced to turn down big opportunities’

The now-influencer appeared on BBC’s Song Marry Avoid when she was just 19-years-old

A woman who appeared on a popular BBC show says she had no choice but to turn down some major opportunities.

Sophie Bow received a dramatic ‘makeunder’ on BBC’s Snog Marry Avoid, which featured the sassy robotic style guru POD (Personal Overhaul Device).

Rather than being given a makeover, those who appeared on the show were given a ‘makeunder’ as they were persuaded less is more.

The show was a huge hit with fans in the late 00s with singer Jenny Frost followed by comedian and Strictly Come Dancing star Ellie Taylor as the host. The BBC Three show aired from 2008 until its sixth and final series in December 2013.

Sophie was just 19 when she first appeared on our TV screens, when she encountered POD as a teenager who loved lots of fake tan, heavy makeup and eye-catching outfits covered in sequins and glitter.

At the time, viewers fell in love with the teen and show bosses were keen to get her back on our TV screens for other projects.

Now 33, she has become a popular social media content creator but revealed that she was forced to turn down a number of TV opportunities because of her anxiety.

Looking back on her journey since appearing on Snog Marry Avoid, she took to TikTok and gave fans an update on her life today.

She started off by saying: “I would say appearing on telly back in the day definitely helped my career.

“Back then it was a very popular show but it disappeared off the face of the earth and no one knows why or where it went but it would be so good if they brought it back.”

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She revealed: “After being on that show, I did actually get casted for the first ever Love Island but I was in a relationship. I’ve always been in a relationship so I never went on the show. “

However her relationship wasn’t the only thing holding her back as she explained: “But there have been so many opportunities that I actually did miss out on – throughout my life because I do have anxiety – I suffer badly with anxiety.

“I don’t really know what triggered it but I do get quite back anxiety. Even to this day I get asked on brand trips or anything outside my comfort zone, if I’m not going with somebody I can’t.”

The influencer added: “I really need to push myself to do more. I have a little boy and he is the best thing ever so I did take a little break from social media for a little while but then I did go back into social media.

“I did lose quite a lot of following from having the break then I started a TikTok account and here I am.”

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Venezuela: Rodríguez Eyes Investment, Trade Opportunities in India Trip

Delcy Rodríguez was hosted by Narendra Modi in New Delhi. (EFE)

Mérida, June 8, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez concluded a four-day high-profile diplomatic tour of India on Sunday, having held meetings with Prime Minister Narendra Modi, Indian cabinet members, and major business conglomerates.

Rodríguez, who assumed the acting presidency after the kidnapping of President Nicolás Maduro in a US military operation on January 3, led a large ministerial delegation including the foreign affairs, science, and transport ministers. The visit was Rodríguez’s sixth trip to India.

Caracas’ main stated goal was to deepen long-term energy ties with the Asian giant and expand crude exports. The Trump administration has publicly backed India to increase purchases of Venezuelan crude as part of efforts to move its Asian partner away from Russian energy imports.

One of Rodríguez’s first meetings was with Petroleum and Natural Gas Minister Hardeep Singh Puri, who stated that Indian companies are looking to “build upon” existing investments in the Caribbean nation.

“Indian companies are additionally looking for newer opportunities for fruitful collaborations which will provide momentum to our quest towards energy security,” Singh Puri wrote on social media.

For her part, Venezuela’s acting president described India as a “reliable partner” and invited Indian corporations to explore new investment opportunities in the country’s energy sector. Rodríguez highlighted the “energy complementarities” between the two nations.

Venezuela’s oil exports reached 1.25 million barrels per day (bpd) in May, with India reportedly receiving 427,000 bpd, making it the second-largest destination after the US. In recent years, under wide-reaching US sanctions, Venezuela had repeatedly sought to increase exports to India, only to see efforts blocked by US threats of secondary sanctions.

The meeting with Singh Puri likewise featured executives from several Indian public energy companies, including ONGC, Indian Oil Corporation (IOLC), Oil India, and ONGC Videsh (OVL). The companies own multiple minority stakes in the San Cristóbal and Petrocarabobo heavy crude projects in the Orinoco Oil Belt. 

Indian authorities stressed addressing an outstanding US $500 million debt in unpaid dividends to ONGC Videsh as a priority before new investments are to be considered.

Rodríguez went on to tour the Jamnagar refinery complex, owned by Reliance Industries, in Gujarat state. The refinery is the world’s largest, with a daily capacity to process 1.4 million bpd. In recent months, Reliance has emerged as a top buyer of Venezuelan crude, purchasing cargoes directly from state-owned PDVSA as well as from traders Vitol and Trafigura.

The Venezuelan delegation held further meetings with top Indian business conglomerates. On June 6, it toured Tata Group facilities in Mumbai. According to Venezuela’s embassy in India, the discussions centered on renewable energy, ecological projects, and urban transport. Venezuelan Transport Minister Jacqueline Faría highlighted Tata’s cutting-edge electric public transportation vehicles.

Rodríguez’s agenda also included talks with Indian dairy giant Amul. Venezuelan state media emphasized interest in Amul’s massive production of buffalo milk. Venezuela currently holds the largest buffalo herd in South America and officials have touted buffalo dairy as a priority export venture.

Likewise in Mumbai, the Venezuelan officials visited multinational conglomerate Essar, with discussions reportedly focusing on infrastructure and electricity. Venezuela’s National Assembly is presently advancing legislation to open electricity, from generation to distribution, to private sector investment and participation.

Rodríguez’s visit featured a meeting with Indian Prime Minister Narendra Modi in New Delhi. In a social media message, Modi praised Venezuela as a “valued partner” and disclosed that discussions had centered on “expanding cooperation in energy, critical minerals, technology, agriculture, health, and people-to-people ties.”

The Venezuelan delegation was also hosted by External Affairs Minister Subrahmanyam Jaishankar, who praised Rodríguez’s “longstanding commitment” to deepening Venezuela-India ties.

In a press briefing, Rudrendran Tandon, Secretary (East) in the Ministry of External Affairs, emphasized discussions on pharmaceutical cooperation and increasing supplies of low-cost generic drugs for Venezuela’s public healthcare system. Tandon also brought up a $700-800 million debt to Indian pharmaceutical manufacturers but said the Venezuelan side was “very sensitive” to the issue.

While no formal agreements were announced, Venezuela’s acting president offered a positive balance of a visit that “consolidated the friendship and cooperation between the two nations.” She went on to thank Modi for the hospitality.

Rodríguez’s last day in India included a visit to the Prasanthi Nilayam ashram in Andhra Pradesh, a spiritual center founded by Indian religious guru Sathya Sai Baba (1926-2011). In a social media message, Rodríguez expressed her “deep belief” in Sai Baba’s “love all, serve all” motto.

The Venezuelan leader’s tour featured a stop in Istanbul on Tuesday before the return to Caracas. Rodríguez met with Turkish President Recep Tayyip Erdoğan to discuss bilateral trade and diplomacy between Venezuela and Türkiye.

Edited by Ricardo Vaz in Caracas.

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Venezuela’s Rodríguez Hosts World Bank Delegation as Trump Allies Eye Investment Opportunities

The acting Rodríguez administration received a World Bank delegation and will hold talks with the IMF later this month. (Presidential Press)

Caracas, May 19, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez held a meeting with a World Bank delegation at Miraflores Palace on Friday.

In a statement, Caracas described the summit as “cordial and constructive,” with both parties “exploring possible collaboration in matters of technical assistance.”

“The Venezuelan government and the World Bank agreed on the need to deepen dialogue and agreed to work together to establish concrete areas for technical collaboration for the benefit of the Venezuelan people,” the communiqué read.

Rodríguez was flanked by Economy Vice President Calixto Ortega and Finance Minister Anabel Pereira. The World Bank delegation was led by Susana Cordeiro Guerra, the US-based organization’s vice president for Latin America and the Caribbean.

The Rodríguez administration recently reestablished ties with both the World Bank and the International Monetary Fund following a seven-year hiatus due to Washington’s non-recognition of Venezuelan authorities. However, relations with the two institutions had been frozen several years prior. Former President Hugo Chávez disengaged Venezuela from the multilateral bodies in 2007, calling them “weapons of US imperialism,” though the country remained a formal member.

Since the January 3 US attacks and kidnapping of President Nicolás Maduro, Caracas has fast-tracked diplomatic rapprochement with the Trump administration, which recognized Rodríguez as Venezuela’s “sole leader” in March. The Venezuelan government has launched a series of pro-business reforms and struck agreements with Western energy and mining corporations.

On May 13, Venezuela’s acting president announced the launch of a debt restructuring process as part of efforts to return the Caribbean nation to global financial markets. Venezuelan authorities plan to present a macroeconomic framework and debt sustainability analysis to stakeholders next month.

Venezuela’s foreign debt is estimated as high as US $170 billion, from a combination of defaulted bonds and loans with accrued interest, as well as international arbitration awards. US financial sanctions from 2017 severely exacerbated Venezuela’s economic crisis and blocked the country from fulfilling its debt obligations.

The acting Rodríguez administration has vowed that the country’s priority is to access $5 billion in IMF Special Drawing Rights and that there are “no plans” to contract IMF loans. Venezuela’s Central Bank President Luis Pérez recently announced that a delegation will head to Washington to meet with IMF officials by the end of May.

Trump billionaire allies move in

Caracas’ opening to Western conglomerates has seen multiple Trump officials visit the country alongside business executives to discuss investment opportunities.

Erebor Bank, backed by far-right tech mogul and close Trump ally Peter Thiel, has reportedly pitched its services to Venezuelan officials to restore the country’s access to the US financial system. According to Bloomberg, Erebor co-founder Jacob Hirshman has made several trips to Caracas in recent weeks and met with Central Bank authorities and private bank executives.

Hirshman reportedly told Venezuelan authorities that he counts on US government support. For its part, Erebor confirmed that it held “preliminary conversations about correspondent banking and related financial services” with Venezuelan counterparts. 

Erebor is a digital-only bank registered in Ohio that received its US banking charter in February.

The lure of lucrative investment prospects has also attracted smaller players such as Yorkville Advisors, a New Jersey-based financial firm with ties to Trump’s family, which plans to raise $200 million for acquiring assets in Venezuela.

The company created a special purpose acquisition company (SPAC) and stated that businesses in Venezuela will require “substantial capital investment […] to capitalize on improving macroeconomic conditions.”

In April, Acting President Rodríguez installed a commission to evaluate the “strategic” value of Venezuelan state assets and their possible privatization. Venezuelan private sector companies have begun raising funds ahead of potential sell-offs.

Caracas’ pro-business overtures have also caught the eye of US billionaire investor Fred Ehrsam. The co-founder of crypto exchange Coinbase has likewise made multiple visits to Venezuela in recent weeks to explore “investments ranging from oil and gas to fintech and digital payments,” according to Bloomberg.

Ehrsam held discussions with Venezuelan government officials and reportedly argued that the present moment was ripe for investment as Venezuelan assets remained “deeply undervalued.”

Edited by Lucas Koerner in Caracas.

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