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.
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 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.
German exports dipped unexpectedly at the beginning of the year, a sign that Europe's largest economy may be feeling the effects of the global economic slowdown and the strengthening euro.
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