In what is to be seen as a deal of profit, India's Videocon Industries Ltd, one of the leaders in India’s consumer electronics struck gold with Bharat PetroResources when the alliance found an Oil field in Brazil’s province.

The country’s second biggest refiner, Bharat Petroleum Corp holds 25 percent stake in the offshore block. This partnership has already bought ten deepwater offshore exploration blocks and the newly found block is located at Campos Basin in Brazil.

On the discovery, the Videocon's Chairman Venugopal Dhoot said excitedly, "We have discovered oil in Brazil, it is a very oil-rich area. The nearby field has already declared 7 billion barrels of oil." 

Rio de Janeiro - A Boeing 777-200 operated by Alitalia, with 295 people on board, made an unplanned landing Thursday in the north- eastern Brazilian city of Recife, due to mechanical problems on the flight from Rome to Buenos Aires.

Brazil's airport authority Infraero said the landing was completed without further problems at 2:15 am (0515 GMT), after the pilot informed the control tower that he was having "technical problems." No one was injured.

New York - Brazilian President Luiz Inacio Lula da Silva on Tuesday called for advanced economies to get a hold of the global financial crisis and criticized market speculators for putting global growth at risk.

Lula warned that the turmoil brought on by the "boundless greed" of investors could not be allowed to spread to the entire world, in an address before the United Nations General Assembly.

London  - An inquest opened in Britain Monday into the accidental shooting by police of a Brazilian man they believed was a terrorist in the immediate aftermath of the London tube and bus bombings in July 2005.

Relatives of 27-year-old Jean Charles de Menezes had demanded the inquest, which is presided over by a judge and will be heard by a jury of ordinary men and women who will decide whether or not de Menezes was "unlawfully killed."

It provides the first opportunity for members of de Menezes' family to question those involved in his death.

The hearing, expected to last three months, takes place in a specially-erected courtroom at the Oval cricket ground in south London, near where de Menezes was shot on July 22, 2005.

Rio de Janeiro - A 77-year-old Brazilian former model who was the young love of US Republican presidential candidate John McCain has been found by a newspaper in the South American country.

Maria Garcinda Tedixeira de Jesus met McCain in 1957 while he was in Rio de Janeiro on leave from his Navy ship. At the time, he was still a cadet at the US Naval Academy. He spent every free minute with the Brazilian beauty and describes the encounter in his 1999 memoir Faith of my Fathers.