Ethical Banks Weather Crisis in Spain

Where do banks invest their depositors' money? Whose interests do they serve, and what criteria do they apply? Increasing numbers of dissatisfied customers want to know what happens to their money, and are opting for alternative financial services which are growing in spite of the economic crisis choking Spain.

U.S. Financial Professionals Call for Transaction Tax

In an open letter published Thursday, 52 professionals from the financial sector urged the U.S. Congress to pass legislation mandating a tax on financial transactions.

G20 Produces Little for Developing World – or Anyone Else

The release of the final communiqué of the Group of 20 (G20) summit in Los Cabos, Mexico, on Tuesday evening has been met with widespread derision from observers across the ideological spectrum.

Rio Outcome Bleak With No New Funding*

Amidst recrimination, anger and charges of “strong arm tactics”, negotiators eventually endorsed a global plan of action for sustainable development following marathon sessions lasting over six weary days.

G20 to See Showdown on IMF Reforms

The head of the International Monetary Fund (IMF), Christine Lagarde, on Wednesday urged countries to act on a suite of reform measures that would significantly increase the voices of developing countries within the agency.

Crisis Sows Community Gardens in Spain

The economic crisis is fuelling the search for less individualistic ways of life in Spain, and a growing interest in urban agriculture has given rise to flourishing community gardens on vacant lots in cities and towns.

Private Interests Infiltrate G20 Summit

Business will push for the freeing up of trade in green goods and services, at the upcoming summit of heads of state of the Group of 20 (G20) industrialised and emerging countries in Mexico.

More Austerity Won’t Solve European Crisis, U.N. Says

The increasingly precarious financial situation in Europe remains the biggest threat to the world economy, warns a U.N. report released here.

Rio+20 – a Call to Responsibility, a Call to Action

We are all going through a period of great confusion and uncertainty.

After War, Economic Crisis Hits South Sudan

The United Nations has warned that despite the austerity measures put in place by South Sudan to deal with its economic woes, humanitarian agencies will have to increase relief efforts in order to keep the country’s poor alive as the financial situation worsens.

Canadian Banks Navigate Treacherous Waters

Potential storms are on the horizon for much praised, regulated and privately-owned Canadian banks which survived the 2008 financial meltdown unscathed, unlike some of their larger counterparts in the United States.

‘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.

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.