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Venezuela will not recognize World Bank ruling in Exxon case

by Daniel Wallis Reuters January 8, 2012 Venezuelan President Hugo Chavez said on Sunday that his country would not recognize any ruling by a World Bank tribunal in a multibillion-dollar arbitration case with Exxon Mobil Corp. Exxon took Venezuela to the World Bank’s International Center for Settlement of Investment Disputes, or ICSID, seeking as much as $12 billion in compensation after Chavez ordered the nationalization of the Cerro Negro ...Read full article...

More than 1 million children work in Brazil

AP December 28, 2011 A newspaper says that despite the economic advances achieved by Brazil over the past few years, children from low-income families are still forced to work in Latin America’s biggest country. The Folha de S.Paulo newspaper says Wednesday that its analysis of preliminary 2010 census figures compiled by Brazil’s government statistics agency shows that more than 1 million children between the ages of 10 and 14 ...Read full article...

Brazilian economy ‘overtakes Britain’ as sixth in the world

AFP December 26, 2011 Brazil has overtaken Britain as the world’s sixth largest economy, a London-based research group said Monday. In its latest World Economic League Table, the Centre for Economics and Business Research (CEBR) said Asian countries were moving up while European countries were slipping down. CEBR chief executive Douglas McWilliams told BBC radio that Brazil’s advance was part of a wider trend. “I think it’s part of ...Read full article...
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