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· May, 2012

Stories about Economics & Business from May, 2012

North Korean Restaurant in Kuala Lumpur Dishing up Dollars?

  31 May 2012

Diana van Oort wrote a post on North Korean restaurants in Kaula Lumpur in one travel site. After explaining her general impressions of food, service and atmosphere, the author included some context on how the North Korean regime use chains of restaurants to earn foreign currency.

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Bangladesh: Questions Over Indian ‘Tourism City’ Investment Proposal

  31 May 2012

The story of a 10 Billion Taka (US$120 million) investment in Bangladesh has made it into the country's headlines, following a visit by Subrata Roy Sahara, chairman of Sahara India Pariwar, one of India's largest business conglomerates. The group are planning to develop a 40 square kilometre housing project situated approximately 50 kilometres from Bangladesh's capital Dhaka.

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Qatar: Deadly Blaze in Shopping Mall

On May 28 a fire broke out at Doha's Villaggio Mall, leaving 19 dead, 13 of whom were children. The children were trapped in a nursery within the mall, and they and four teachers died of smoke inhalation. Two firefighters died as they attempted to rescue them.

Somaliland: Sectors for Potential Investment

  27 May 2012

John identifies sectors in Somaliland that are attractive for potential investment: “Although not blessed with mineral wealth, arable land, or a large population, Somaliland does have a few sectors that might interest seasoned investors or savvy entrepreneurs. Infrastructure is one major area.”

Africa: Hands Off Africa Event in London

  26 May 2012

Hands Off Somalia blog announces hand Hands off Africa! meeting: “Join us at 2pm on Saturday 16 June at the Horn of Africa Community Group centre to listen to speakers discuss the recent new scramble for African resources by Britain and its imperialist allies in Europe and around the world.”

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Myanmar: Power Shortage Protests Spread

  25 May 2012

Power blackouts in several Myanmar towns triggered peaceful protests in the country. Several protesters were detained but it didn't stop the gathering of ordinary residents and consumers who are angry over the electricity shortage. The protesters also want the government to explain why it continues to sell power supply to China despite the electricity shortage in the country

Armenia: Fascist Rubo (Hayrapetyan)

With anti-gay hysteria breaking out in nationalist and official circles, Unzipped: Gay Armenia now reports that Ruben Hayrapetyan, a ruling Republican Party MP and President of the Armenian Football Association, has joined in by declaring that homosexuals should be ‘punished.’ One of Armenia's notorious oligarchs also known as ‘Nemetz (German)...

Tajikistan: Did Drug Money Finance Cell Phone Company?

Diplomatic cables made available by WikiLeaks reveal interesting details about who stood behind the creation of Tajikistan's major companies. In his blog, journalist Zafar Abdullayev analyzes [ru] documents that suggest the formation of one of Tajikistan's largest cell phone operators was financed by drug money. Another major cell phone company...

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Germany: #Blockupy Protests Against Pan-European Austerity

  21 May 2012

'Blockupy' protests against the austerity measures being implemented in the Eurozone shook the financial epicenter of Europe - Frankfurt - last week. Online social networks buzzed with citizen reports on the mobilizations that occurred under massive police presence and repression.

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Ethiopia: G8 Summit Casts Fresh Light on Ethiopia

  18 May 2012

Netizens have stepped up their effort to draw attention to Ethiopia’s independent media situation as the G8 Summit approaches. Ethiopia's Prime Minister Meles Zenawi and three other African heads of state are expected to attend. The upcoming G8 Summit in the United States will be held at Camp David in Maryland from 18-19 May, 2012.

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Ukraine: Yulia Tymoshenko's Plight and Euro 2012

There must be some corners on the web where football fans are still having apolitical discussions of Euro 2012, scheduled to take place in Poland and Ukraine from June 8 to July 1. For the past few weeks, however, the upcoming sporting event has featured prominently in arguments and discussions among those who seem more interested in the Ukrainian and European politics than sports.

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