Economy & Trade

Antarctic Ice Lowest Ever – Asia at High Risk – Africa Drying Up

For those who still deny the tangible impact of climate change, please note that the extended spell of high global temperatures is continuing; the Arctic is witnessing exceptional warmth with record low ice volumes--the lowest on record; global heat is putting Asia on higher risk than ever, and Africa is drying up.

Netherlands to Host Global Centre of Excellence on Climate Adaptation

The Netherlands announced that it will work with Japan and UN Environment Programme (UNEP) to establish a Global Centre of Excellence to help countries, institutions and businesses to adapt to a warming climate, which is increasing the frequency of natural disasters and causing economic disruptions.

UN Declares War on Ocean Plastic

The available data is enough for the United Nations to literally declare war on oceans plastic: more than 8 million tonnes of leaks into their waters each year – equal to dumping a garbage truck of plastic every minute, wreaking havoc on marine wildlife, fisheries and tourism, and costing at least 8 billion dollars in damage to marine ecosystems.

Humankind’s Ability to Feed Itself, Now in Jeopardy

Mankind’s future ability to feed itself is in jeopardy due to intensifying pressures on natural resources, mounting inequality, and the fallout from a changing climate, warns a new United Nations’ report.

Shrinking and Darkening, the Plight of Kashmir’s Dying Lakes

Mudasir Ahmad says that two decades ago, his father made a prophecy that the lake would vanish after the fish in its waters started dying. Three years ago, he found dead fish floating on the surface, making him worried about its fate.

Trump Marks the End of a Cycle

Let us stop debating what newly-elected US President Trump is doing or might do and look at him in terms of historical importance. Put simply, Trump marks the end of an American cycle!

Tax Evasion Lessons From Panama

Unlike Wikileaks and other exposes, the Panama revelations were carefully managed, if not edited, quite selective, and hence targeted, at least initially. Most observers attribute this to the political agendas of its main sponsors. Nevertheless, the revelations have highlighted some problems associated with illicit financial flows, as well as tax evasion and avoidance, including the role of enabling governments, legislation, legal and accounting firms as well as shell companies.

Making the Deep Blue Sea Green Again

Kids growing up in the Seychelles think of the ocean as their backyard, says Ronald Jean Jumeau, Seychelles' ambassador for climate change and SIDS.

Alternative Mining Indaba Makes Its Voice Heard

“Comrades, we have arrived. This cherry is eight years awaited. We have made it to this place,” Bishop Jo Seoka told the crowd, pausing to allow for the whistles and cheers.

Expansion of Renewable Energies in Mexico Has Victims, Too

The growing number of wind and solar power projects in the southern Mexican state of Yucatán are part of a positive change in Mexico’s energy mix. But affected communities do not see it in the same way, due to the fact that they are not informed or consulted, and because of how the phenomenon changes their lives.

The Planned US Border Tax Would Most Likely Violate WTO Rules – Part 2

As American lawmakers and the Trump administration prepare the ground for introducing a border adjustment tax, many controversial issues have emerged, including whether they go against the rules of the World Trade Organisation (WTO).

Still in Limbo, Somaliland Banking on Berbera

Crossing African borders by land can be an intimidating process (it’s proving an increasingly intimidating process nowadays in Europe and the US also, even in airports). But crossing from Ethiopia to Somaliland at the ramshackle border town of Togo-Wuchale is a surreally pleasant experience.

Beware of the New US Protectionist Plan, the Border Adjustment Tax – Part 1

A new and deadly form of protectionism is being considered by Congress leaders and the President of the United States that could have devastating effect on the exports and investments of American trading partners, especially the developing countries.

Washington Rules Change, Again

Over the last four decades, the Washington Consensus, promoting economic liberalization, globalization and privatization, reversed four decades of an earlier period of active state intervention to accelerate and stabilize more inclusive economic growth, associated with Franklin Delano Roosevelt and John Maynard Keynes.

Energy Access Builds Inclusive Economies and Resilient Communities

Jaipal Hembrum runs three one-man home enterprises - a bicycle repair shop, a tiny food stall and a tailoring unit in Kautuka, a remote village in eastern India. Sewing recycled clothes into mattresses late into the evening, the 38-year-old father of three girls says two light bulbs fed by a solar power system have changed his life.

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