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Brazil's Lula defends oil exploration near Amazon River
Brazil's Lula defends oil exploration near Amazon River
Business and Economy
by  AFP

Brazil's President Luiz Inacio Lula da Silva said Wednesday that a controversial offshore oil exploration plan near the mouth of the Amazon River was a key opportunity for the country's growth. Plans to explore for oil in an offshore basin near the mouth of the Amazon River have angered environmentalists and divided the Lula administration.

Ford says to cut 1,600 more jobs at Valencia factory
Ford says to cut 1,600 more jobs at Valencia factory
Business and Economy
by  AFP

US carmaker Ford on Friday said it would seek to cut another 1,600 jobs at its factory near Valencia in eastern Spain, where it already axed 1,100 positions last year. In March 2023, Ford announced plans to cut around 1,100 jobs at the same factory as it moved to reorganise its European operations, angering Spain's left-wing government.