The Brazilian government gave a clear signal Monday that is intends to advance in the consolidation of a defense industry in the country. A decree signed by President Dilma Rousseff releases 45 million Real in funds for the launching of the Astros Project 2020 to equip the Brazilian army.
Brazil's economy showed new signs of a slowdown on Tuesday as steelmakers slashed their growth forecasts, the country's No. 1 airline scaled down its expansion plans and a new poll showed growing pessimism in the manufacturing sector.
Mexico's state oil monopoly Pemex said on Tuesday it aims to boost its access to top-end technology to explore for oil in the deep waters of the Gulf of Mexico by increasing its stake in Spanish oil firm Repsol.
ENAP, Chile’s national oil and gas corporation announced it will invest 30 million dollars in drilling ten exploratory wells in Magallanes province, extreme south Patgonia and where the country’s main hydrocarbons resources are located.
Last night's USA debut of “HELL” (which is the German word for “Bright”), was perhaps a wake-up call to those who do not heed the warnings of global warming.
US oil major Exxon Mobil has clinched an Arctic oil exploration deal with Russian state-owned oil firm Rosneft. The venture seemingly extinguishes any remaining chance of UK’s BP reviving its own deal, which lapsed in May.
The cleanup after tropical storm Irene continued Tuesday across the Canadian province of Quebec, where the storm washed out roads, downed power lines and possibly contributed to one death. An 81-year old man died after he disappeared for several hours during the storm northeast of Montreal.
The IMF has slashed its growth forecasts for the United States and said the Federal Reserve and the European Central Bank must be ready to ease policy.
Former IMF chief Dominique Strauss-Kahn apologized Monday to the institution's staff in his first return visit since charges of sexual assault against him were dropped last week. He was greeted with warm applause.
FAO urged heightened readiness and surveillance against a possible major resurgence of the H5N1 Highly Pathogenic Avian Influenza amid signs that a mutant strain of the deadly Bird Flu virus is spreading in Asia and beyond, with unpredictable risks to human health.