Brazil

    Brazil will use revenue from newly discovered offshore oil fields to eradicate poverty, President Luiz Inacio Lula da Silva has vowed. In a TV address, Lula said Brazil would not squander the money but invest in technology and education. The exact scale of the deepwater fields, discovered last year, is not known but Lula believes they could triple Brazil’s reserves. In other news, Brazil offered humanitarian aid to Haiti and Cuba on Sept. 9 after hurricanes Gustav and Ike caused substantial damage to both nations. Recent storms have killed hundreds of people in Haiti, where Brazilian troops make up a large part of the UN peacekeeping force. (BBC, Reuters)

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