What is ‘Editor’s Pick’?

In the most precise editorial language, it is a selection of the week’s best articles, condensed and reviewed for our users. Is this section of any good when we already provide daily reads to our users? Well, it most definitely is. The articles featured here will add to your knowledge bank as well as help you become better readers. Happy reading!

Article 1: BP in advanced talks on settlement with US over Gulf Disaster

An explosion in 2008 in the Gulf of Mexico on the Deep Water Horizon drilling rig that was connected to a well owned by the British oil Company had killed 11 oil workers and spilled millions of barrels of oil into the surrounding oceans. The discussions as to settle the claim were going on and no conclusion had been reached which was directly effecting the companies share prices as the company was under pressure from the investors to move on from the claims as it had hurt badly the company’s reputation in the market. The company said that it was on advanced talks with the United States about settling all the criminal claims. According to the article, this settlement if reached would cost the company about $21 billion.

Article 2: Double-dip recession confirmed in Euro-Zone

The European economy has failed to recover from the debt-crisis even in the third quarter of the year. Euro-Zone GDP fell by 0.1% in the third quarter after shrinking by 0.2% in the second quarter while the economists believe that the recession could be dragged into the next year as well. Even the Netherlands economy shrank by 1.1% in the third quarter while the Austrian GDP shrank by 0.1% beating all expectations of growth. Economists predict a decline in the interest rates sooner or later.

Burma frees more the 450 prisoners before Barack Obama’s visit

According to the article, announcing the amnesty the latest in the series have coincided with high profile visits of foreign dignitaries to promote goodwill and bilateral relationship. Moving on the same lines Burmese authorities have freed more than 450 detainees as a goodwill gesture before the historic visit by President Obama. According to the sources the released detainees do not include any political dissidents. While the detailed identities of those released still remain unclear but all of them seem foreign nationals from China, Thailand and neighboring countries the sources said.