An independent review panel has found that the World Bank has not considered fighting corruption seriously and has defended itself against efforts taken by anti-graft investigators.
The European Commission proposed this week to suspend for a year rules forcing grain farmers to leave a percentage of fallow land and thus helping to curb soaring prices of cereals such as wheat.
The area covered by sea ice in the Arctic has shrunk to its lowest level this week since satellite measurements began nearly 30 years ago, opening up the Northwest Passage – a long-sought short cut between Europe and Asia that has been historically impassable, the European Space Agency.
As representatives from almost 200 Governments prepare to gather next week in Montreal, Canada on the 20th anniversary of the United Nations-backed treaty to protect the world's ozone layer, a senior UN official today called for intensified action to eliminate the use of hydro chlorofluorocarbons (HCFCs) which damage it.
The Brazilian Senate narrowly voted Wednesday to absolve the embattled higher house president Renan Calheiros, a key ally of President Luiz Inacio Lula da Silva, who faced expulsion over corruption allegations.
The crisis of confidence in credit markets is likely to last longer than previous financial shocks of the past two decades warned United States Treasury Secretary Henry Paulson in an interview with the Financial Times.
The Brazilian economy expanded 0.8% in the second quarter over the first quarter reported Wednesday the Brazilian Geography and Statistics Institute. This represents a 5.4% increase over the same period a year ago.
The United Nations Economic Committee for Latinamerica and the Caribbean, CEPAL, recommends Latinamerica and MERCOSUR to have closer links with the Association of South East Asian nations, ASEAN.
Paraguay's government declared a national state of emergency on Wednesday amid the worst ever forest fires there.
Scientists are trying to find the cause of the latest foot-and-mouth outbreak and establish whether it is the same strain which infected herds last month.