Economics

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… »

16.03.2013

BRICS to create their own bank to rid themselves of the US dollar

BRICS to create their own bank to rid themselves of the US dollar

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 to resort to the US dollar. The initial capital for… »

09.03.2013

Do we know what we eat?

Do we know what we eat?

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 Ikea meatballs are some of the products that… »

03.03.2013

Portuguese people rally against austerity measures

Portuguese people rally against austerity measures

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 its austerity policies. The troika (the European Union, the… »

23.02.2013

Wall Street de-capitalizes one of its own

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 take a detour, and… »

19.02.2013

Bolivia nationalizes Spanish company

Bolivia nationalizes Spanish company

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 joint venture of Spanish Abertis and airport authority Aena. He… »

15.02.2013

Bolivia reducing the gap between rich and poor by 60 since 2006

Bolivia reducing the gap between rich and poor by 60 since 2006

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 richest 10% of the population generated around 95 times more… »

15.02.2013

Cooperatives: Egypt’s Farmers Sow the Seeds of an “Agricultural Revolution”

Cooperatives: Egypt’s Farmers Sow the Seeds of an “Agricultural Revolution”

“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 of the country’s farmers are hoping positive change… »

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