Financial Crisis

‘More Indian Working Women Aborting Motherhood’

A young professional in India’s burgeoning IT hub Gurgaon, a major satellite city of national capital New Delhi, Manideepa Moitra works as a software content writer not just to make a living but to secure a career in the demanding sector that catapulted India on the global outsourcing  industry map.  

Conference Reaffirms Reproductive Rights

While much of the world is facing a global financial crisis, made worse by government cuts in social spending, members of parliament meeting here Wednesday agreed the economic crunch is no reason for governments to relax their commitment to women’s reproductive rights and health, made 18 years ago.

Grim News for Caribbean Economies

For yet another occasion, it was not the good news Caribbean leaders wanted to hear.

EU Summit Ends with Warning for Greece

A European Union summit has ended with a warning to Greece that it will have to stick to its bailout terms if it wants to stay in the eurozone, but failed to resolve Franco-German differences over the issue of eurobonds.

NATO’s Twin Crises

It's not an easy time for the North Atlantic Treaty Organization (NATO).

Round One to Radical Left, Round Two to Europe?

Kosmas Bitros (29) didn’t "believe in politics and in elections as a way of changing society". Still, he showed up at the ballot boxes for the first time last Sunday to cast a vote against austerity in the Greek national elections.

Spain’s “Indignados” Take to the Streets Again

A filthy vacant lot is now sprouting strawberries, tomatoes and carrots. This small community garden in the centre of the southern Spanish city of Málaga was created by the "Indignados" protest movement, which is celebrating its first anniversary Saturday by taking to the streets across the country.

Demonstrators in southern Spanish city of Málaga protesting cuts in health and education. Credit: Inés Benítez/IPS

U.N. Warns of Social Fall-Out from Spain’s Austerity Plan

An expert body of the United Nations has warned the Spanish government that the severe budget cutbacks it is applying must not undermine its commitment to upholding the economic, social and cultural rights of the country's people.

OP-ED: Waiting for Copernicus

It's happening in Buenos Aires. It's happening in Paris and in Athens. It's even happening at the World Bank headquarters.

Greek, French Elections Sound Death Knell for Austerity

The voting out of conservative governments in France and Greece this weekend heralds the end of harsh European austerity programmes and ushers in an era of new economic, investment, and social policies aimed at restoring growth and employment across the continent.

Central America Seeks to Buffer Effects of Crisis in Europe

The economic crisis plaguing many countries in the European Union has forced Central America to look at preventive measures to mitigate the effects in this region, which could include a decline in tourism, migrant remittances, exports and investment.

U.S.: Marches and Militancy at Occupy Oakland’s May Day

It was May Day and Oakland was bathed in sunshine. Union workers staged militant actions; immigrants and allies marched for justice with brass bands and drummers; spontaneous street parties erupted.

U.S. Workers, Students Reclaim May Day

Tens of thousands of people took to the streets here and around the United States Tuesday calling for an end to what they described as the mounting and corrosive influence of money in politics.

ILO Urges Worker-Friendly Recovery Policies

Although economic growth has resumed in much of the world since the 2008 financial crisis, the global unemployment situation remains alarming and could worsen, according to the International Labour Organisation (ILO).

In Debt Debate, Most US Voters Prefer Tax Fairness to Cuts

A giant digital "clock" on Sixth Avenue in New York keeps track of a number, currently at 15.6 trillion dollars and counting. As the number soars ever higher into the stratosphere, so U.S. voters are increasingly concerned, for the number represents the debt of the United States.

PORTUGAL: Legacy of Carnation Revolution Withers under Austerity Measures

For the first time in 38 years, the former soldiers and officers who opened the doors to democracy in Portugal did not take part in the official celebration of the Carnation Revolution, which toppled Europe’s longest dictatorship in 1974.

U.S.: Occupiers Confront Wells Fargo Shareholders

More than 1,000 people took the Occupy Wall Street Movement message straight to the one percent Tuesday, most of them rallying outside the Wells Fargo stockholders meeting in the heart of San Francisco's financial district - and some 30 of them "mic-checking" inside the meeting.

Future of UNCTAD in Balance at Doha

Profound discord between industrialised nations and developing countries is threatening to ruin the UNCTAD meeting being held this week in Doha, and may even endanger the survival of this United Nations body that defends the interests of the developing nations of the South.

Economic Crisis Hits Gender Budgeting

Worldwide, women are largely responsible for managing family budgets, controlling 65 percent of global spending. But, women’s needs are often ignored when it comes to government budgeting, delegates at an international meet in Turkey's largest city observed.

B20 press conference in Puerto Vallarta. Credit: World Economic Forum

Business20 Makes Its Weight Felt at G20 Meeting

The concerns of the business community basically monopolised the first day of the meeting of trade and economy ministers of the G20 group of industrialised and emerging countries in this Mexican resort city Thursday.

Europe Loses Billions to Tax Evasion

Swiss banks are facing prosecution in several European countries, accused of complicity in tax evasion and money laundering schemes, especially with French, German, and wealthy Greek citizens.

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