Brazil aims to stop deforestation of the Amazon

Brazil's President Lula is hosting a summit in Belém, northern Brazil alongside seven other nations that share the Amazon. This is in a bid to save it and bring it out of economic turmoil. The Taiwanese chipmaker, TSMC, is to open a new semiconductor factory in Germany, strongly boosting Europe's microchip industry. The firm, which already controls more than half the world's semiconductor output, will put over three billion dollars into the facility in Dresden. We take a look at how important this is for the two economies. And the Federal Reserve reports that U.S. credit card debt has hit $1 trillion for the first time toward the end of July. We find out what it means for US consumers and the country.