Economics

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…

When we speak about Wall Street, what comes to mind most often are its greed, the big fat bonuses for its executives, its addiction to more and still more… This is known territory, with known defenders and detractors. Today, we…

Bolivian President Evo Morales has nationalized a Spanish company that operates the country’s three main airports. Morales said on Monday he had instructed the country’s ministry of public works, services and housing to take “full operational control” of SABSA, a…

The Bolivian Minister of Economics and Public Finances, Luis Arce reported yesterday that since 2006 the gap between the incomes of the richest and poorest in the country has reduced significantly. Arce reported that during the previous neoliberal governments the…

“Agriculture will be critical to future economic growth in Egypt,” says the International Labour Organization (ILO), “but only if the laws on farmers’ cooperatives are reformed.” While the political reverberations of the 2011 revolution continue to resound throughout Egypt, many…

The real value of British workers’ wages has fallen back to 2003 levels in 2012, raising fresh concerns at the time of the country’s ailing economy, a new report suggests. According to figures released by the Office for National Statistics…