Brazil's government managed oil company Petrobras announced this week the discovery of a huge second natural gas field 290 kilometeres off the coast of Rio do Janeiro and 40 kilometeres north of the Tupi field which is thought to be one of the largest discovered in the past twenty years.
Colombian president Alvaro Uribe has an 80% support, the highest since taking office back in 2002, according to the latest public opinion polls released this week. The previous poll in November showed Uribe with a 74% support and 14% negative response.
Economic turbulence largely due to credit market turmoil and rising oil prices could spur an increase in global unemployment by an estimated 5 million persons in 2008, the International Labour Office (ILO) said Thursday in its annual Global Employment Trends report (GET).