Economics

On Monday’s Today Programme (Radio 4) David Bennett, a market trader, said that after his housing benefit had been cut, he lives on £53 per week. The next interviewee was Work and Pensions Secretary Iain Duncan Smith, who was defending…

Metaphors don’t come more satirical than this. The weather refuses to let Spring arrive, with the coldest Easter in living memory. The Chancellor chose April 1st, aka April’s Fool day, to effect the most draconian cuts to benefits and services…

We, the Leaders of Brazil, Russia, India, China and South Africa met on the occasion of the Fifth BRICS Summit on 27 March 2013 in eThekwini, KwaZulu-Natal. We considered that developing countries face challenges of infrastructure development due to insufficient…

The BRICS group of emerging economies has unveiled a new development bank, which is aimed at breaking the monopoly held by Western-backed institutions. “It’s done,” said Pravin Gordhan, South African Finance Minister, on Tuesday, adding that “we made very good…

The Cypriot opposition is demanding to have the identity of depositors who emptied their accounts before the bank restrictions revealed. The controversy is served.  In the early hours, a week last Saturday, when the Cyprus Government agreed the controversial tax…

The Deputy Minister for Industrialisation, Commerce, Transport and Hydrocarbon storage, Alvaro Arnez, confirmed on Wednesday that with industrialisation of natural gas, Bolivia will increase its income by 500%. According to Arnez, Bolivia will earn around 6 billion dollars from the…

The Government of Ecuador reported on Tuesday that the country has started a process to revoke an investment protection treaty with the USA due to legal deficiencies when facing claims by US oil companies. This decision was adopted after the…

The countries of the BRICS group (Brazil, Russia, India, China and South Africa) are planning to create their own Development Bank at the end of March with the goal of investing in internal, sustainable infrastructure and development projects without having…

Knowing what we eat has become something which is every day more difficult. The recent food scandal where horse meat was detected in beef highlights this clearly. Cannelloni from La Cocinera, burgers from Eroski, ravioli and tortellini from Buitoni, and…

Over one million people are out again in a rally against tough economic measures. The Portuguese took to the streets on Saturday March 2nd 2013 to say enough is enough and to demand the government to put an end to…