Industrialist Eike Batista, founder of Brazil's EBX Group, once strived to become the world's richest man. But the global economic slowdown has now devastated his empire.
President Michel Temer has delivered a national address in which he vehemently denied endorsing hush money for a jailed ex-parliamentarian. Brazil's Supreme Court has approved a formal investigation into Temer.
The World Bank's forecast marks a slight slowdown to last year's projected growth figures for the eurozone. The US and commodity-exporting nations are expected to reap the most benefits in 2017.
Brazil's President Michel Temer has denied an O Globo newspaper report that he endorsed hush money payments to parliament's jailed ex-speaker Eduardo Cunha. The paper cites a secret recording.
The US economy has grown at its fastest pace in two years as a huge surge in farm exports, notably soybeans, and a rebound in inventory investment offset a slowdown in consumer spending.
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