Economics

24.04.2013

Latin America to tackle exploitation by multinational companies

Latin America to tackle exploitation by multinational companies

Ministers from several Latin American nations have met in Ecuador to discuss ways to deal with the exploitative practices of some multinational companies operating in the region. The First Ministerial Meeting of Latin American Countries Affected by Multinational Interests has been held with the aim of working out a common… »

24.04.2013

Globalisation makes poor more vulnerable

Globalisation makes poor more vulnerable

Does globalisation promote development? If you scratch beneath the surface, the answer of OECD researchers to this crucial question in times of financial collapse and its atrocious consequences for the vulnerable sections of people around the world is: globalisation helps the rich get richer and the poor poorer. “The poorest… »

09.04.2013

Humanism in the Private Sector

Humanism in the Private Sector

Interview with Roberto Blueh and Juan Aviñó We had a chance to talk with the managers of a private company trying to implement a new model in the relations between capital and labour, as well as in the way their business is managed. Inspired by the Humanist Document, for the… »

03.04.2013

Petition for UK Work and Pensions Secretary to live on £53 per week reaches 300,000

Petition for UK Work and Pensions Secretary to live on £53 per week reaches 300,000

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 the changes. The interviewer then asked him if he could… »

02.04.2013

April Fools in the UK, cuts, freezing cold, benefits freeze and no Spring in sight

April Fools in the UK, cuts, freezing cold, benefits freeze and no Spring in sight

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 yet, and news from the rest of Europe anticipates more… »

27.03.2013

Statement by BRICS Leaders on the establishment of the BRICS-Led Development Bank

Statement by BRICS Leaders on the establishment of the BRICS-Led Development Bank

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 long-term financing and foreign direct investment, especially investment in capital… »

26.03.2013

New BRICS bank to rival World Bank, IMF

New BRICS bank to rival World Bank, IMF

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 progress” on the formation of a World Bank-analogue development agency. »

24.03.2013

Politicians and oligarchs empty their Cyprus accounts before the introduction of banking restrictions

Politicians and oligarchs empty their Cyprus accounts before the introduction of banking restrictions

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 on the country’s savers with the Eurogroup, the authorities in… »

24.03.2013

Bolivia will increase its income by 500% with hydrocarbon industrialisation

Bolivia will increase its income by 500% with hydrocarbon industrialisation

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 export of natural gas to Brazil and Argentina, an amount… »

17.03.2013

Ecuador to annul investment protection treaty with the USA

Ecuador to annul investment protection treaty with the USA

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 President of Ecuador, Rafael Correa, presented a bill to annul… »

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