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Brazil's new Petrobras chief calls to speed up oil exploration
Brazil's new Petrobras chief calls to speed up oil exploration
by  AFP

The new boss of Brazil's Petrobras said Monday it was crucial that the state-run company "accelerate" oil exploration, including in a controversial offshore basin near the mouth of the Amazon River. The Equatorial Margin is a basin near the mouth of the Amazon River, that is considered Brazil's most promising frontier for oil exploration, with studies suggesting it holds massive crude deposits.

Debt, suicide, fraud: South Koreans hit by real estate scams
Debt, suicide, fraud: South Koreans hit by real estate scams
by  AFP

For a decade, Park Hyeon-su lived in a windowless micro-apartment in Seoul, working double shifts and saving every penny for a deposit on a nice home. To repay his original bank loan, Choi took out high-interest credit card loans and sold off his stocks, working gruelling shifts in restaurants and living on cheap food to save cash.

Most Asian markets rise as traders eye US inflation
Most Asian markets rise as traders eye US inflation
by  AFP

Most Asian markets rose Monday, tracking a bounce on Wall Street at the end of a painful week for investors, with eyes now on the upcoming release of key US inflation data. Focus is now turning to the release on Friday of the US personal consumption expenditures (PCE) index, which is the Fed's preferred gauge of inflation.

Families of Texas school shooting victims sue gunmaker, Instagram
Families of Texas school shooting victims sue gunmaker, Instagram
by  AFP

Several families whose children were killed or wounded in a mass shooting at their Texas school two years ago have sued the gun manufacturer as well as Instagram and video game company Activision for marketing the weapon, their lawyer said Friday.

Eiffel Tower ticket prices to rise by 20 percent
Eiffel Tower ticket prices to rise by 20 percent
by  AFP

Paris city hall on Friday voted to increase the Eiffel Tower adult admission price by 20 percent from next month to help pay for urgent renovation work. Visitors currently pay 29.40 euros ($31.90) for a ride by lift to the top of the Eiffel tower, a price tag that is set to rise to 35.30 euros on June 17.