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The Organisation for Economic Co-operation and Development forecasts modest recovery in developed countries and sluggish economies in emerging ones. Brazil should see 4% recession.

Brazil’s Development Ministry and National Federation of Industry have entered into a cooperation deal to work in tandem to attract productive investments into the country.

The money is needed to address the needs of as many as 10.6 million malnourished people and 7.4 million with no access to freshwater due to ongoing clashes. The UN’s undersecretary-general calls for peace talks.

In a concerted effort with Russia and Venezuela, the two Arab countries have pledged to keep production at January levels to prevent prices from diving further. The goal, however, is not to drive prices up.

Banking institutions are expecting prices to go up 7.61% this year in Brazil, according to a Brazilian Central Bank poll. The estimate has been changed upward for the seventh straight time.