Reserve estimates in the Santos Basin off the coast of Brazil have an upside potential of 8 billion barrels of oil equivalent, an energy company in London said.
Deforestation rates in the Brazilian Amazon, the world’s biggest rain forest, more than doubled last month as farmers become more confident they’ll be granted amnesty for illegal logging.
Tobacco giant Philip Morris International launched legal action this week against the Australian government over the country's plans to strip company logos from cigarette packages and replace them with grisly images of cancerous mouths, sickly children and bulging, blinded eyes.
Australian lawmakers are demanding a review of foreign investment rules to stop foreign mining companies, including those from China, buying up prime farmland.
The European Union has published its long-awaited budget, which will see spending on the Common Agricultural Policy (CAP) frozen for the next seven years and make 30% of direct support conditional on ‘greening’.
The European Commission’s request for a 5% hike in member states’ contributions in the next EU budget met immediate resistance from big countries such as Germany, France and Britain yesterday.
Doctors detected and removed a cancerous tumor from Hugo Chavez's body, the Venezuelan president announced in a speech broadcast on state-run VTV Thursday night.
Brazil’s primary budget surplus exceeded expectations in May, providing additional support for the central bank in its efforts to cool the fastest inflation since 2005. The bank also revealed that net debt for May was 39.8% of GDP.
A Brazilian judge approved what is considered to be the country’s first gay marriage. Sao Paulo state Judge Fernando Henrique Pinto ruled on Wednesday two men could convert their civil union into a full marriage.
Foreign Affairs ministers from Brazil and Japan announced that over 100 nations have expressed support for a proposal to expand the United Nations Security Council.