Christopher Columbus must be having nightmares: according to the Brazilian state of Sao Paulo latest edition of public school books, the Genoa navigator arrived to America in 1942, that is 67 years ago and not in 1492.
Antarctica's ice shelves are melting more rapidly than previously known because of climate change, according to a new US Geological Survey report prepared in close collaboration with the British Antarctic Survey, the Scott Polar Research Institute and Germany's Bundesamt fűr Kartographie und Geodäsie.
President Lula da Silva said he wants to be the first Brazilian leader whose administration will lend money to the International Monetary Fund. His comments were done following the G20 summit when it was agreed to supply the IMF with additional funding to the tune of 750 billion US dollars.
President Barack Obama singled out a Bulgarian university student who published an article on the functioning of democracy in the Falkland Islands, to take part in a youth forum during the NATO summit in Strasbourg reports Sofia news agency, Novinite.com.
Brazilian President Lula da Silva said Friday that he supports alternatives to the dollar as the world's premier currency who anticipated the issue will be addressed when he visits China next month. Senior Chinese and Russian officials have talked in recent weeks about a new reserve currency to replace the dollar.
The Organization for Economic Cooperation and Development, (OECD) welcomed on Thursday the formal endorsement by Uruguay of its tax information exchange standards.
Economic activity is expected to plummet by an average 4.3% in the OECD area in 2009 while by the end of 2010 unemployment rates in many countries will reach double figures for the first time since the early 1990s, according to the OECD’s Economic Outlook Interim Report
As G20 negotiations on a new regulatory blueprint bogged down, President Barack Obama pulled French President Nicolas Sarkozy and Chinese President Hu Jintao into a corner of a room in London’s Excel Centre, according to press reports from London.
Leaders of the world's largest economies have reached an agreement to tackle the global financial crisis with measures worth 1.1 trillion US dollars.
The European Central Bank said Thursday it would lower its key lending rate a quarter of a percentage point to 1.25%, effective April 8. It is the sixth time the ECB has lowered its key rate since October 2008, when it stood at 4.25%, as it tries to boost economic activity.