Petrobras announced it plans to sell voting control of Petrobras Distribuidora SA after a bidding round for a minority stake in the fuels retailer failed to attract bids that met the state-controlled oil company's needs.
Brazil's Finance Minister Henrique Meirelles has warned that if Congress does not approve a ceiling for public spending, the country will have chosen a most cumbersome path with new rounds of tax increases and higher interest rates which will further delay sustainable growth.
Next month's summer Olympic Games in Rio de Janeiro will take place under watchful eyes of 10,000 Brazilian soldiers and police officers and all have been highly trained for the job by Israelis, according to a report on the Israel NonStop website, based on details broadcast by Israeli Channel 2 television news reporter Nir Dvori.
Two nephews of Venezuela’s powerful first lady Cilia Flores, confessed to trying to smuggle 800 kilograms of cocaine into the US, according to prosecutors in the politically-charged case. The court filings by prosecutors shed new light on the case that has sounded alarm bells about high-level corruption and drug trafficking by Venezuela’s political elite at a time of increasing economic and political turmoil in the country.
Thousands of women across Argentina on Sunday gathered at landmarks and public squares to breastfeed their children in solidarity with a San Isidro woman who was reprimanded by local police and threatened with resisting authority for doing just that even though breastfeeding in public is legal.
The rapid warming of the Antarctic Peninsula, which occurred from the early-1950s to the late 1990s, has paused. Stabilisation of the ozone hole along with natural climate variability were significant in bringing about the change. Together these influences have now caused the northern part of the peninsula to enter a temporary cooling phase.
The Premier of the British Virgin Islands Dr D Orlando Smith has called for the relationship between the United Kingdom (UK) and its Overseas Territories (OTs) to be re-framed to become more mutually beneficial.