Wednesday, March 12, 2025

Brazil’s Senate Ousts President Dilma Rousseff from Office

From the Los Angeles Times Brazil’s Senate voted overwhelmingly on Wednesday to permanently remove President Dilma Rousseff from office, marking a turbulent finale to 13 years of center-left government in Latin America’s largest country. Rousseff, a onetime guerrilla turned economist, was convicted on a vote of 61 to 20 of breaking fiscal responsibility law. Brazil’s more conservative Vice President Michel Temer will

Iraq Prime Minister Says Iraq Supports a Freeze on OPEC Oil Production

From the Wall Street Journal BAGHDAD—Iraq would support a decision by members of the Organization of the Petroleum Exporting Countries to limit oil output to prop up petroleum prices, Prime Minister Haider al-Abadi said Tuesday. “We support freezing oil production by OPEC due to the sharp decline of oil prices,” Mr. Abadi said at a news conference, saying it would help government-salaried

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Canada’s Economy Shrinks 1.6% in Q2, Worst Since 2009 Crisis

From CBC News Alberta fires caused oilsands production shutdowns, mass evacuations Canada’s economy shrank in the second quarter as it dealt with the fallout from this spring’s devastating wildfires in northern Alberta, Statistics Canada confirmed today. On an annualized basis, the economy shrank by 1.6 per cent in the second quarter — the largest quarterly decline in gross domestic product since the second