Brazil's lower chamber of Congress approved this week the main points of a bill removing a requirement that state-led oil company Petrobras be the sole operator of vast offshore oil reserves in the costly subsalt layer with a minimum 30% stake in their development.
Two U.S.-based professors won the Nobel prize in economics on Monday for studying how to best design contracts, work that sheds light on when it makes sense to give a CEO a bonus or privatize public services like schools, hospitals and prisons.
Brazilian prosecutors said on Monday they had charged former President Lula da Silva and Marcelo Odebrecht, ex-CEO of engineering group Odebrecht SA, with corruption related to contracts in Angola.
Argentine ambassador in UK on Monday rejected pointblank that the veto to foreign minister Susana Malcorra's UN Secretary General candidacy could have been linked in any way to the Falklands/Malvinas dispute between UK and Argentina.
Venezuelan President Nicolas Maduro on Friday announced the creation of peace prize in honor of late socialist leader Hugo Chavez, and said he was awarding it to Russian President Vladimir Putin. The announcement comes on the same day that the Nobel Committee awarded its annual Peace Prize to Juan Manuel Santos, president of neighboring Colombia, for his role in negotiating a peace agreement with Marxist FARC rebels.
Brazil’s Prosecutor-General’s Office questioned the constitutionality of President Michel Temer’s proposed public spending cap and recommended that Congress shelve the austerity measures. The office said in a statement the proposal interferes with the autonomy of other federal powers and would weaken the country’s judicial system, handicapping efforts to combat corruption.
The US economy created 156,000 jobs in September, official figures show, slightly fewer than expected. However, August figure was revised higher to 167,000 from 151,000. Both figures are lower than 180,000 average for this year. The unemployment rate edged up to 5% from 4.9%, although that was due to more people looking for work.
A group of major business lobby groups has written an open letter urging the United Kingdom government to preserve barrier free trade with Europe. The letter is signed by leaders of the Confederation of British Industry, CBI, and manufacturers' body the EEF.
Matthew, meanwhile, lost its hurricane status, subsiding to a “post-tropical cyclone” after cutting a swath from Florida to South Carolina in United States. Matthew crashed ashore on Haiti’s southern coast on Tuesday as a monster Category 4 storm, packing 230 km winds.
Tuesday 4 October was the 25th anniversary of the Protocol on Environmental Protection to the Antarctic Treaty which was created in order to protect the unique and pristine Antarctic landscape. The Protocol designates Antarctica as a natural reserve, devoted to peace and science; and bans the commercial extraction of minerals (mining and drilling).