Pensioner Jyparkul Karaseyitova says she cannot afford meat anymore. At her local bazaar in Kyrgyzstan’s capital, Bishkek, the price for beef has jumped nine percent in the last six weeks. And she is not alone feeling the pain of rising inflation.
The new European Commission looks more like an experiment in balancing opposite forces than an institution that is run by some kind of governance. It will probably end up being paralysed by internal conflicts, which is the last thing it needs.
The clock marks 9 AM when a bus coming from the Mexican city of Tapachula reaches Corinto, on the border between Honduras and Guatemala. It is the first bus of the day, carrying children and their families sent back from a failed attempt at making it across the border into the United States.
A United Nations panel reviewing the U.S. record on racial discrimination has expressed unusually pointed concern over a new pattern of laws it warns is criminalising homelessness.
The recent call from Russian Prime Minister Dmitry Medvedev for “tightening belts” has convinced even optimists that something is deeply wrong with the Russian economy.
A feeling of insecurity has overtaken broad sectors of Puerto Rican society as the economy worsens, public sector debt spirals out of control, and the island's creditworthiness is put in doubt.
Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt.
Scattered houses amidst small fields of vegetables and other crops line the road to the La China farm on the outskirts of the Cuban capital. This is where Hortensia Martínez works – a mechanical engineer who has been called crazy by many for deciding to become a small farmer.
It’s two in the afternoon, and María stirs tomato sauce into a huge pot of pasta. School is out for the summer in Spain, but the lunchroom in this public school in the southern city of Málaga is still open, serving meals to more than 100 children from poor families.
Tears, silence and evasive responses are the reactions from Cubans when they are asked about the “balseros” or rafters crisis; two decades after an exodus without parallel in Latin America, it remains a taboo subject in this Caribbean island nation.
Argentina’s supposed “default”, an unprecedented case in the history of world capitalism, sets a legal, political and financial precedent that indicates the need for concrete measures regarding the fine line between legal, ethical business activities and criminal usury.
“Only two years ago, the soup kitchen was serving 50 meals a day. Today the number has almost doubled and, what is even more worrying, we have started receiving families with children,” says Donatella Turri, director of the Caritas
Diocese of Lucca.
Millions still live in poverty and even those who have gained the security of the middle-income bracket could relapse into poverty due to sudden changes to their economic fortunes in South Asia, the latest annual Human Development Report by the United Nations Development Programme (UNDP) revealed.
The sixth BRICS Summit which has just ended in Brazil marks the transition of a grouping based hitherto on shared concerns to one based on shared interests.
A declining economy and a severe drought have raised concerns in Lebanon over food security as the country faces one of its worst refugee crises, resulting from the nearby Syria war, and it is these refugees and impoverished Lebanese border populations that are most vulnerable to this new threat.