Brazilian oil company Petrobras made a new discovery in the Campos Basin this time 76 kilometres offshore the state of Spirito Santo just to the north of Rio do Janeiro. The new well 1-EES-116 was drilled seven kilometres from the Jubarte area that has proved reserves of 600 million barrels of oil.
Royal Air Force Chief of the Air Staff, Sir Peter Squire this morning laid a wreath at the monument to Argentina aircrews killed during the 1982 Falklands War.
According to reports in the leading US newspapers Monday edition, President George Bush has appointed John Snow from the freight transportation business as the new Treasury Secretary. Mr. Snow will replace Mr. Paul O'Neill who resigned last week together with White House Economic Advisor Lawrence Lindsay.
A strong assurance has been given that a strong body of Members of Parliament are ready to spring into action to kill any attempt to weaken British sovereignty over the Falkland Islands.
Headlines: Close friend of Wall Street in Argentina's Central Bank; Highest unemployment in two decades; Free trade talks remain locked; Chavez willing to talk elections; Mr. Lula in the White House.