Uruguay, Chile, Costa Rica, Guatemala among nine countries remain in the so called “grey list” of tax havens from the Organization of Economic Cooperation and Development, OECD, one of the issues to be addressed by the G20 summit in Pittsburgh.
G20 is to take on an expanded role as part of a historic shift that recognises the rising influence of China, Brazil and India. The leaders of the world's top 20 wealthy and developing nations decided that the G20 will take over the role of pre-eminent council on global economic cooperation, a function that for more than three decades had been performed by a smaller club of leading industrial countries known as the G8.
US space agency NASA said India’s maiden lunar mission had confirmed the presence of water molecules in the polar region of moon’s surface. Indian Space Research Organisation’s. ISRO, chairman G Madhavan Nair called the finding “path breaking”.
The United Kingdom Members of Parliament expenses scandal which generated angry reactions from British public opinion began because the mole that caused the leak was angry about inadequate equipment for the armed forces, the Daily Telegraph published on Thursday.
Brazilian President Lula da Silva confirmed his Iranian counterpart Mahmoud Ahmadinejad is to visit Brasilia in November, while he plans to travel to Teheran in May, Brazilian media reported Thursday.
Ecuador is considering the purchase of 12 Atlas Cheetah C fighter bombers from South Africa, according to Defence minister Javier Ponce in an interview with Quito’s newspaper El Universal.
The activity displayed by ousted Honduran President Manuel Zelaya from the Brazilian embassy in Tegucigalpa has triggered controversy in Brazil’s political establishment and uncertainty about diplomatic jargon such as the extent of the “refuge” condition.
Brazilian president Lula da Silva’s main ally in the Senate, Jose Sarney is again on the “corruption” spotlight following the release of incriminating tapes, this time involving his son Fernando Sarney.
Russia's largest carmaker, Avtovaz, is to cut up to 27,600 jobs as it tries to cope with the global slump in demand. The job cuts are more than a quarter of the 102,000-strong workforce at Avtovaz, which makes Lada cars.
British unions have condemned plans by car giant Jaguar Land Rover to close one of its UK plants. The firm said it would decide next year whether to shut its factory at Castle Bromwich in the West Midlands, which makes Jaguars, or its site at Solihull, which makes Range Rovers.