As allegations of corruption and incompetence swamp Brazil’s government, and plummeting commodity prices sap its economy, hundreds of thousands of angry citizens are expected to descend on central squares across the country on Sunday, posing a key test for President Dilma Rousseff. This will be the year’s third mass protest against Rousseff, who is facing... Continue Reading →

Former President Luiz Inacio Lula da Silva will emerge clean from a wave of corruption probes sweeping the country and threatening the political stability of his successor President Dilma Rousseff, according to the Justice Minister. Investigations haven’t uncovered any evidence that could lead to Lula’s imprisonment or justify Rousseff’s impeachment, Jose Eduardo Cardozo, who is... Continue Reading →

The global oil glut will last through 2016 as the strongest demand growth in five years and faltering supply fail to clear the surplus, according to the International Energy Agency. Record inventories will expand further even as consumption growth doubles in 2015 and supplies outside OPEC contract next year for the first time since 2008,... Continue Reading →

Brazilian lawmakers are split whether to support impeachment proceedings against President Dilma Rousseff over allegations that range from doctoring last year’s fiscal accounts to being negligent while chairman of Petrobras. Right now, there are 10 such requests pending, according to the lower house of Congress. Impeachment proceedings only start if the house accepts what it... Continue Reading →

Vice President Michel Temer is increasingly seen as the man who could lead Brazil out of political crisis if President Dilma Rousseff is forced from office, but people who know him say he will do all he can to see her serve out her term. Even members of Temer's PMDB party who want Rousseff to... Continue Reading →

The biggest threat to Brazilian President Dilma Rousseff's hold on office may come not from a corruption scandal that has ensnared the country's business and political elite but from a less-heralded probe into accounting practices led by a computer science graduate turned lawyer. Julio Marcelo de Oliveira, a prosecutor at Brazil's Federal Accounts Court, known... Continue Reading →

The president of Brazil's Senate said on Monday that attempting to impeach President Dilma Rousseff was not a priority and warned that seeking her removal in Congress would "set the country on fire." Renan Calheiros, who is often critical of the administration, struck a more positive tone amid a deepening political crisis after seven months... Continue Reading →

When the financial crisis brought the global economy to its knees, Norway was largely unscathed. But oil under $50? That's another story. Unemployment peaked at about 3.7 percent in 2010 in the post-crisis aftermath. Falling oil prices already pushed the jobless rate to 4.3 percent in May, the highest in at least 11 years, and that... Continue Reading →