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.
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.
Britain’s Chancellor of the Exchequer Alistair Darling has warned bankers that the party is over and they must realise the world has changed. He made the comments in a BBC interview before leaving for the G20 summit in Pittsburgh.
Trouble has flared as world leaders gathered Thursday in the US city of Pittsburgh for the G20 summit. Reports said riot police used pepper gas and fired rubber bullets at protesters on a march near the venue.
British Prime Minister Gordon Brown denied Thursday reports of a rift with Barack Obama following reports that Washington repeatedly rebuffed requests for a one-to-one meeting with the US president.
Margarita Island, in north-eastern Venezuela, has geared up for the upcoming second South America-Africa Summit (SAAS), which will take place on Saturday and Sunday hosted by President Hugo Chavez.
The Organization of American States, OAS, and the European Union agreed Wednesday to send their ambassadors in Honduras back to Tegucigalpa, the city which they left following the June coup that deposed constitutional president Manuel Zelaya.
Inflation in the United Kingdom has proved more stubborn than expected and is now no longer estimated to fall below 1% this autumn, according to minutes from the Bank of England's rate-setting committee. But there is still a lot of uncertainty about the economy and the impact of the ongoing reluctance of banks to lend.
Japan’s new centre-left government has urged Australia to help prevent violent attacks by activists on Japanese whalers as it stood by the country's traditional support for whaling, an official says.