Former Brazilian president Fernando Henrique Cardoso said it was convenient to consider a trade integration with the Unites States given the very modest advances with Mercosur, where open trade has stalled or is far less than was expected when the original idea and is subjected to protectionist lobbies.
British Petroleum has been temporarily suspended from new contracts with the US government, the Environmental Protection Agency (EPA) has said. While it is unclear how long the ban will last, it follows BP's record fine earlier this month over the 2010 oil spill in the Gulf of Mexico.
US foreign policy is being reoriented to promote American economic interests after Washington was tied down by two wars in the past decade, Secretary of State Hillary Clinton said on Saturday.
US President Barack Obama plans to give new thrust to a comprehensive immigration reform in the country, one that would not only address the issue of illegal immigrants but also how to attract and retain highly skilled manpower from the rest of the world.
President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.
The United States is forecasted to overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy agency said on Monday. The International Energy Agency (IEA) said it saw a continued fall in US oil imports with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035.
Newly re-elected President Barack Obama said on Friday the wealthy must pay more taxes under any political deal to avert a looming budget crisis. He said Congress must act against the so-called fiscal cliff, a package of tax rises and spending cuts due early next year.
Former US Secretary of State Condoleezza Rice said the Republican Party must adapt rapidly changing demographics in the United States to remain politically relevant.
President Barack Obama’s victory over Mitt Romney is a landmark moment in US politics. He is only the second Democratic president to win re-election since Franklin Roosevelt in 1936, doing so despite a very challenging economic headwind of sluggish growth and comparatively high unemployment in the United States.
Colorado and Washington became the first US states to legalize the possession and sale of marijuana for recreational use in defiance of federal law, setting the stage for a possible showdown with the Obama administration.