Economics

The Panama Papers leak exposed how some of the world’s richest people hide their money. German prosecutors are looking for those behind the law firm at the center of the tax haven scandal. Prosecutors in Germany have issued international arrest warrants for the cofounders of a Panama-based law firm behind… »

This story could be a classic example of entrepreneurship, one that we see all the time on TV screens, especially in bank advertisements that offer easy credit, but it is much more than that: it contains empowerment, training and, above all, hope. The central character of this story is the… »

By Kester Kenn Klomegah Largely dictated by the results of the first Russia-Africa summit and the persistent harsh economic sanction by the United States and European Union, Russia is seriously reorganizing towards increasing economic prints in Africa. Russia is, indeed, putting its house in order, identifying strategies… »

By Countercurrents Collective China’s top diplomat has urged neighboring states to guard against Washington’s geopolitical ambitions in Asia and called for regional cooperation to thwart foreign provocations in the South China Sea. Media reports said: Wang Yi, Chinese Foreign Minister, said during a joint news conference with his Malaysian counterpart… »

While the ongoing Corona pandemic continues to threaten millions of lives around the world, the first half of 2020 saw an unprecedented decline in CO2 emissions – larger than during the financial crisis of 2008, the oil crisis of 1979, or even World War II. An international team of researchers… »

Foreign investors and multinational companies have been pushing countries like India to become food-import-dependent and divert land devoted to food grain toward crops that imperialist countries can’t grow. By Prabhat Patnaik The two bills rushed through India’s parliament on September 20 were objectionable in every conceivable sense. The very… »

Despite the series of sanctions, corporate European businesses are still highly interested in Russia and Russia recognizes the enormous significance and invaluable contributions of these businesses in its economy. The stark reality is that there are more European businesses in Russia than Russian enterprises in Europe. Russians simply adore… »

By Vijay Prashad and John Ross U.S. President Donald Trump—supported by most of the U.S. establishment—deepened the U.S. government’s assault on the Chinese economy. The “trade war” seemed to play well with Trump’s political base, who somehow hoped that an economic attack on China would miraculously create economic prosperity for… »

Economic recovery from the COVID-19 pandemic in Latin America and the Caribbean will be slower than the return to productivity following the subprime mortgage crisis more than a decade ago, the head of the UN’s office for the region, ECLAC, said on Tuesday. Alicia Bárcena was speaking during a virtual… »

With her “Doughnut Economy”, British economist Kate Raworth brings a breath of fresh air into the discussions about sustainable economy. Of all things, she stylizes a greasy, sweet pastry rollas a symbol of doing economy in a sustainable way. According to Raworth, the donut model points “to a… »