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Brazil Grants Maids, Domestic Workers Equal Labour Rights
The Brazilian Congress late Tuesday passed a new law that would give the country's domestic workers the same employment rights as any other worker in the country, reported Reuters,...
Turkey’s Sovereign Rating Raised One Level Below Investment Grade
Standard & Poor's on Wednesday upgraded Turkey's sovereign credit rating from BB to BB+, placing the nation one level below an investment-grade rating and setting the economic outlook to...
Russia, South Africa Plan ‘OPEC Style’ Platinum Bloc: Report
Russia and South Africa, who hold nearly 80 percent of the world’s platinum-group metal reserves combined, could create an ‘OPEC-like’ trading bloc in order to control exports of the...
Ecuador Targets Chinese Oil Bids For Amazon Land
Ecuador could auction off more than three million hectares of Amazonian rainforest to Chinese oil companies as part of a global road-show to develop its oil industry, reported The...
US Federal Reserve Orders Citigroup To Clamp Down On Money Laundering
The US Federal Reserve has warned Citigroup to fix "deficiencies" in its anti-money laundering controls, reported the Wall Street Journal, giving the financial institution two months to submit a...
“Superhuman Effort” Needed To Reopen Cyprus Banks, Says Central Bank Governor
Cyprus’s central bank governor Panicos Demetriades has called for a “superhuman effort” to meet a Thursday deadline for reopening banks, warning that any further delay could spur further doubts...
World Bank Keen To Work With New BRICS Development Bank
The World Bank on Tuesday said that it was ready to support the new development bank being established by Brazil, Russia, India, China and South Africa (BRICS), in a...
Russia Continues NGO Crackdown With Surprise Raid On Amnesty International
Russian prosecutors and tax authorities on Monday conducted a surprise “audit” at the Moscow office of human rights group Amnesty International's (AI), reported the New York Times, demanding for...
France Wary Of ‘Rushed’ EU-US Free Trade Talks
Although most French companies still favoured a proposed free-trade pact between the European Union and the U.S., France’s trade minister Nicole Bricq warned on Monday that the agreement was...
South Korea Launches $1.35 Billion ‘National Happiness Fund’ To Ease Consumer Debt
The South Korean government on Monday announced the creation of a $1.35 billion fund that will help low-income households restructure or repay overdue loans, the Associated Press reported. The...


