Petrobras struggling with the biggest debt load among global oil firms, on Monday cut $11 billion from capital spending plans for this year and next as Brazil's currency and oil prices slump. Petrobras plans to cut 2015 investment by 11% to $25 billion from the previous $28 billion, according to a statement.
Brazil's attorney general argued on Sunday for the removal of a judge overseeing an investigation of embattled President Dilma Rousseff's accounts, a last-minute attempt to avoid a ruling that could lead to her impeachment.
After a week filled with controversy over his position on gay marriage, Pope Francis reminded his flock that he does not support same-sex marriage. The pontiff made the declaration during the opening mass of this year’s Synod on the Family, telling approximately 270 bishops and other Catholics from around the world.
The organisers of the Rio 2016 Olympic and Paralympic Games are making cutbacks of up to 30% to avoid going over the $3.6bn dollars budget. Rio 2016 communications director Mario Andrada said the Brazilian public would not tolerate an overspend.
On Friday Ecuador kick-off their 2018 World Cup qualifying campaign with a tough game against Argentina in Buenos Aires, and 24 year old RENATO IBARRA is hoping that he will be selected to play from the very beginning of the game and not have to sit on the bench as a substitute which has been his fate for sometime now.
Oil giant BP has agreed to pay $20bn to settle claims with the US stemming from the company's Deepwater Horizon oil spill. An explosion on BP's deep-water drill, off the coast of Louisiana in 2010 killed 11 workers.
Companies should pay tax in the countries where they conduct business under new proposals intended to cut corporate tax minimization. An OECD/G20 report found laws allowing companies to shift profits to low-tax jurisdictions means that between $100bn and $240bn is lost annually. That equates to between 4% and 10% of global corporate tax revenues.
Foreign Secretary Philip Hammond, MP Andrew Rosindel and Charles Tannock MEP, were among several personalities that visited the Falkland Islands stand at the Conservative Conference which is taking place in Manchester. He was met by Falklands lawmakers Jan Cheek and Roger Edwards, and Sukey Cameron, head of FIGO, Falklands' government office in London.
Nobel prize in medicine went Monday to three scientists hailed as heroes in the truest sense of the word for saving millions of lives with the creation of the world's leading malaria-fighting drug and another that has nearly wiped out two devastating tropical diseases.
The room in Comodoro Rivadavia from where the Argentine Air Force command operated its attacks on the Falkland Islands during the 1982 conflict has been renamed 'Malvinas Hall', and has been declared part of the city's heritage, a place where students and visitors can recall “the ever present Argentine claim over the Malvinas Islands, and the heroism of its pilots”.