Brazil's unemployment rate dipped slightly in July, as expected, extending a slow and bumpy labor market recovery as pivotal presidential elections loom.
A group of Venezuelan migrants has returned home from Peru at the expense of Nicolas Maduro's government. Facing an exodus from Venezuela, Maduro had proclaimed his countrymen “won't be slaves to anyone in the world.”
BMW and Hyundai Motor urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.”
Former Brazilian president Lula da Silva recommended European Union leaders to stop discussing balancing budgets and recapitalization of banks and find a solution to the current crisis through more economic growth, more trade and more jobs.
Economic stability depends on a strong middle class that can propel demand. We will not see this if growth does not lead to decent jobs, or if growth rewards the favoured few over the marginalized many.
Brazil’s President Dilma Rousseff said that Barak Obama’s visit this weekend strongly consolidates the perception that Brazil “could be an important partner” for the United States, during a press interview.
By President Barack Obama
In recent weeks, we've seen how turmoil and tragedy around the globe can affect our own prosperity and security; how events abroad often have implications for everything from markets on Wall Street to families' wallets on Main Street. And as a nation, we will continue to do everything we can both to promote stability and democracy in the Middle East and help the people of Japan recover from the devastating earthquake and tsunami.
The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned.
Figures in Brazil show that 2.52 million new jobs were created last year, the Brazilian Labour Ministry reported.
In a dramatic speech to the National Assembly Cuba’s Raul Castro said he wasn’t elected to restore capitalism nor to surrender Socialism but admitted that “too much secrecy and too many lies” had taken the revolution to a critical situation: “either we rectify or we will plunge from the cliff and the efforts of entire generations would be lost”.