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Brazil has slipped into recession, the government said Friday, deepening the gloom in the world's seventh largest economy already battered by falling commodity prices, political crisis and a corruption scandal. Brazil is now in its biggest contraction for six years and with the 2015 slump forecast to extend in milder form through 2016, economists believe the country is headed for the longest recession since 1931. Brazil's economy has been tailing off for four years, ever since the end of a boom fueled by commodity exports, principally to China.
CAIRO (AP) — An Egyptian court on Saturday sentenced three Al-Jazeera English journalists to three years in prison, the latest twist in a long-running trial criticized worldwide by press freedom advocates and human rights activists.
By Roberta Rampton WASHINGTON (Reuters) - President Barack Obama on Saturday defended his decision to allow Royal Dutch Shell to drill for oil in the Arctic Ocean under what he said were rigorous standards, fending off criticism by environmental groups. The trip is part of a broad campaign to seal an international deal later this year to curb carbon emissions, something the White House hopes will cap Obama's legacy on climate during his time in office. While Obama pushes the world to wean itself from fossil fuels, his administration gave Shell the green light earlier this month to drill in the oil-rich Chukchi Sea.