For years, Latin America has exported its raw materials to China’s voracious factories, fuelling economic growth. But now that the Asian giant is putting a priority on domestic consumption over industrial production, how will this region react?
The long saga on Greece is apparently over – European institutions have given Athens a third bailout of 86 billion euros which, combined with the previous two, makes a grand total of 240 billion euros.
Just over a month ago, Greek citizens were asked to go to the polls for a referendum that posed the country with an unprecedented existential dilemma and challenged the EU with the possibility of its collapse.
The extraction of deepwater oil, the most abundant kind in Brazil, is costly but foments technological and industrial development, requiring increasingly complex production equipment and techniques.
Recovering from a broken femur following a bicycle accident suffered in Switzerland, U.S. Secretary of State John Kerry – former senator and former presidential candidate – is anxious to accelerate his convalescence and will visit Cuba on Friday Aug. 14, where he will hoist the Stars and Stripes flag over the emblematic U.S. embassy building in Havana.
The investor-state dispute settlement (ISDS) system has come under increasing criticism in recent years.
Brazil’s rush to build hydroelectric dams, refineries, railways, ports and other megaprojects since the last decade, not only at home but in other countries as well, has been fueled by the sheer volume of financing from its development bank.
Renewable energy is now being seen by many people around the world as a cost-effective development solution both for developed and developing nations. Countries have slowly been realising that the use of coal and the huge amount of carbon emissions it generates harms the environment and impacts our daily activities.
At about a quarter to seven on the evening of Sunday, Aug. 2, the member states of the United Nations adopted the post-2015 development agenda outcome document, titled "Transforming Our World: The 2030 Agenda."
Following growing concerns in the United States about the risks of trans fat since 1999, demand for palm oil, a cheap substitute for trans fat, more than doubled over the last decade and is expected to increase, eliciting concerns about deforestation in several Southeast Asian countries that provide 85 percent of the world’s palm oil.
The Addis Ababa Action Agenda is widely seen as a major disappointment for developing countries as well as others hoping for adequate means of implementation to realise national development ambitions and the Sustainable Development Goals (SDGs).
When the United Nations seeks outside financial assistance either for development needs or to advocate social causes, it invariably turns to the private sector these days.
Ships at sea around the world will blast their horns on Aug 6 to mark the re-opening of the world-famous centenarian waterway in Egypt, local officials there say.
Paulo de Oliveira drives a taxi in the northern Brazilian city of Altamira, but only when he is out of work in what he considers his true profession: operator of heavy vehicles like trucks, mixers or tractor loaders.
The digital economy permeates countless aspects of the world economy, impacting sectors as varied as banking, retail, energy, transportation, education, publishing, media or health. But the full potential of the digital economy has yet to be realised even in the world’s most advanced and emerging countries, says a new report.
The final round of negotiations on the Sustainable Development Goals – the successor to the Millennium Development Goals, due to be inaugurated in September at the U.N. General Assembly – is now underway in New York.
"A serious political and social crisis will sweep through the euro countries if they do not decide to strengthen the integration of their economies. The euro zone crisis did not begin with the Greek crisis, but was manifested much earlier, when a monetary union was created without economic and fiscal union in the context of a financial sector drugged on debt and speculation.”
The nuclear agreement concluded last week between Iran and six big powers, the United States, Britain, France, Russia, China and Germany, is threatening to trigger a new Middle East military build-up – not with nuclear weapons but with conventional arms, including fighter planes, combat helicopters, warships, missiles, battle tanks and heavy artillery.
The United Nations is the only universal forum that connects systemic issues to the global partnership for development. The latter recognises North-South cooperation based on historical responsibility and varying levels of development and capacity among member states of the U.N.
The formal opening of the BRICS Bank in Shanghai on Jul. 21 following the seventh summit of the world’s five leading emerging economies held recently in the Russian city of Ufa, demonstrates the speed with which an alternative global financial architecture is emerging.
A leading geothermal expert warns that the small island states in the Caribbean face “a ticking time bomb” due to the effects of global warming and suggests a shift away from fossil fuels to renewable energy is the only way to defuse it.