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.
Over nearly 10 years, the world economy has been growing by a moderate but steady clip. In 2019 though, risks such as Brexit, trade wars and higher interest rates could spell the end to an unprecedented economic boom.
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.
Global economic growth has peaked, the Organization for Economic Cooperation and Development has said in its latest economic outlook. And more clouds are appearing on the horizon in the form of trade disputes.
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.
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