Economy & Trade

The Poor, Squeezed by 10 Trillion Dollars in External Debts

The external debt of the world’s low and middle-income countries at the end of 2021 totalled 9 trillion US dollars, more than double the amount a decade ago. Such debt is expected to increase by an additional 1.1 trillion US dollars in 2023.

Europe’s Dash for Gas Presents Pitfalls for Africa

One of the knock-on effects of Moscow’s invasion of Ukraine is that European countries have embarked on a ‘dash for gas’ to find alternatives to Russian energy supplies.

Solar Energy Benefits Children and Indigenous People in Northern Brazil

Solar energy is booming in Roraima, a state in the far north of Brazil, to the benefit of indigenous people and children in its capital, Boa Vista, and helping to provide a stable energy supply to the entire populace, who suffer frequent electricity shortages and blackouts.

Experts Seek Appropriate Circular Solutions to Plastic Pollution

Experts agree that African economies need to develop innovative approaches to deal with plastic production, which is set to double in 20 years – adversely impacting rural communities.

Needed Global Financial Reforms Foregone yet Again

Calls for more government regulation and intervention are common during crises. But once the crises subside, pressures to reform quickly evaporate and the government is told to withdraw. New financial fads and opportunities are then touted, instead of long needed reforms.

European Court of Justice Ruling on Beneficial Ownership, a Major Blow to the Fight Against Environmental Crimes

The European Court of Justice on November 22, 2022, made a ruling that reversed much of the progress we have made in a decade in the fight against corruption, economic and natural resource crimes, tax abuses and other forms of illicit financial flows across the world. In the ruling, the court declared invalid the part of the European Union’s Anti Money Laundering Directive that allowed public access to registries about companies’ beneficial owners (that is, the real people who own or actually control them).

Africa Fights Back Against Wildlife Poachers, but Drought is Devastating

Elephant populations are starting to recover in parts of Africa as law enforcement agencies and local communities turn the tide in their long-running battle against wildlife poachers and traffickers.

Energy Efficiency Is Law in Chile but Concrete Progress Is Slow in Coming

The Energy Efficiency Law began to gradually be implemented in Chile after the approval of its regulations, but more efforts and institutions are still lacking before it can produce results.

Corruption: Europe Doing Nothing – Part II

"Western Europe and the European Union remains the highest scoring region in the world’s corruption index, progress has halted and worrying signs of backsliding have emerged.”

COP15: Shift in Societal Values Needed to Address Biodiversity Loss

Policymakers were encouraged to look at the economic and social aspects with the environmental elements of biodiversity losses to meet the Global Biodiversity Framework (GBF) targets.

Corruption: The Most Perpetrated –and Least Prosecuted– Crime – Part I

In these times when all sorts of human rights violations have been ‘normalised,’ a crime which continues to be perpetrated everywhere but punished nowhere: corruption is also seen as a business as usual. A business, by the way, that relies on the wide complicity of official authorities.

Iconic Atlantic Bluefin Tuna in Less Troubled Waters

The Atlantic bluefin tuna is among the largest, fastest, and most beautifully colored of all the world’s fish species. They can measure more than 10 feet in length, weigh over 700 kilograms, and can live longer than 30 years. With their metallic blue coloring on top and shimmering silver-white on the bottom, the giant bony fish is a sight to behold.

Rich Nations Doubly Responsible for Greenhouse Gas Emissions

Natural flows do not respect national boundaries. The atmosphere and oceans cross international borders with little difficulty, as greenhouse gases (GHGs) and other fluids, including pollutants, easily traverse frontiers.

India’s Extensive Railways Often Conduit for Child Trafficking

Deeepti Rani (13) lives with her mother in a dilapidated dwelling near a railway track in India’s southern state of Karnataka. The mother-daughter duo sells paperbacks on trains for a living.

Egypt Racing to Supply Wind, Solar Energy to Greece, EU via Submarine Cables

As Europe braces for an unusual winter due to a global energy crisis, Greece is embarking on one of Europe's most ambitious energy projects by connecting its electricity grid to Egypt's.

Africa’s Processing Industry Holds Promise for Broader Economic Growth

As a central pillar of African diets for thousands of years, millet has a prized position as one of the continent’s most important crops. And with the onset of climate change, millet offers valuable security to the continent’s smallholder farmers due to the crop’s tolerance for dry soils.

Can Asia and the Pacific Get on Track to Net Zero?

The recent climate talks in Egypt have left us with a sobering reality: The window for maintaining global warming to 1.5 degrees is closing fast and what is on the table currently is insufficient to avert some of the worst potential effects of climate change. The Nationally Determined Contribution targets of Asian and Pacific countries will result in a 16 per cent increase in greenhouse gas emissions by 2030 from the 2010 levels.

AGRA Gets Make-Up, Not Make-Over

Despite its dismal record, the Gates Foundation-sponsored Alliance for a Green Revolution in Africa (AGRA) announced a new five-year strategy in September after rebranding itself by dropping ‘Green Revolution’ from its name.

Black ‘Fraud-Days’ and the Shocking Cost of Staying Fashionable

Please take a quick look at this short report before rushing to shop on a Black Friday, Christmas sales and all those long chains of big discounts and wholesales, most of them are fake, as often denounced by consumers organisations that report that the business usually inflates prices before launching such deals.

Cattle Turn Into New Currency Amid Inflation in Zimbabwe

In 2007 as inflation walloped the Zimbabwean currency, rendering it valueless, then 54-year-old Langton Musaigwa of Mataruse village west of Zimbabwe in Mberengwa district switched to cattle as his currency.

The World Cup of Opportunity

The sun is shining, and the temperature sits at an idyllic 28 degrees Celsius. The Uber driver taking me to work is from Pakistan and devastated about the recent loss to England in the T20 Cricket World Cup final in Australia.

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