Most of Brazil's oil revenues benefit Rio, São Paulo, and Espirito Santo states. But now the Supreme Court will determine if a Congressional vote to spread oil royalties into other states will stand.
Cities currently pocketing royalties oppose the vote, but a study found that despite a rise in GDP, those receiving the most royalties accomplished little in terms of improving employment, literacy, and wages.
India’s Supreme Court has ordered the government to cancel telecommunications licenses awarded in 2008 that are at the center of one of the country’s largest corruption scandals.
India's huge domestic demand helped it weather the financial crisis of 2008. But since then, Indian companies have invested internationally, increasing India's vulnerability to economic downturns.
This week's arrest and detention of former telecoms minister Andimuthu Raja on corruption charges comes amid a wave of high prices and high-profile scandals rattling investor confidence.