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· August, 2012

Stories about Economics & Business from August, 2012

Central African Republic: Less than 3% have Access to Electricity

Louis Philippe Wallot writes in Journal de Bangui [fr]: According to the statistics of the ministry of energy, only  3% of the capital city Bangui  has access to electricity and it is even at...

Tracking Counterfeit Medicines in the Developing World

Some 700,000 people die annually from fake malaria and tuberculosis drugs alone. The WHO reports that the annual earnings from substandard or counterfeit drugs stand at about USD 200 billion....

Chinese Weapons Flooding Africa

Deborah Brautigam from China in Africa provided more background information about the importation of Chinese Weapons in African countries and explained the incentive of arms sale is from private sector:...

Hungary: Shantytown Destroyed to Help Real Estate Investment

Some 45-50 people have been living in their makeshift shacks in the abandoned woods of District X in Budapest. Some of the residents have built up self-supporting farms, but in...

Mexico: Egg Price Hike Causes Speculation

The increasing price of eggs, a staple in Mexico, has caused speculation and malpractices, as well as discontent and suspicion among consumers. The price of a kilo of eggs has...

Assessing Quality of Life in African Cities

One study on the quality of life in cities across the world reports that, of the ten least liveable cities, six are situated in Africa. However, another finds that the...

Trinidad & Tobago: Independence & Governance

Afra Raymond uses the recent firing of a junior minister in the Ministry of National Security, Colin Partap, and Trinidad & Tobago's upcoming 50th anniversary of Independence to think about issues of governance, responsibility,...

Lebanese Tourism Pays the Ultimate Price

Recent political upheavals in the region and kidnappings in Lebanon have made tourists, mainly Gulf nationals, flee the country. Lebanese and Gulf netizens react to the development.

Kyrgyzstan: China Inc. Under Attack

China’s growing economic presence in Kyrgyzstan continues to be a topic for heated discussion in Kyrgyz society. In the country’s regions, this discourse is reflected in acrimonious standoffs between Chinese...

Bermuda: Learning from London

Respice Finem says that there are valuable lessons to be learned from the London Olympics.

Angolan Tourists Spend Big Bucks in Portugal

'Little by little we see Angolan money starting to dominate businesses and the economic sectors in Portugal.' According to a netizen this is in stark contrast to 70% of Angola's...

Portugal: The Dark Side of the National Dam Program

The dams in the Programa Nacional de Barragens (National Dam Program) will cost the Portuguese government €16 billion, to be spent on construction, subsidies and interest on loans. Together with...

Azerbaijan: An Alternative Energy Partner for Europe?

Baku Views, a blog on economic commentary and opinion from Azerbaijan reflects on a recent NY Times column by Paul Krugman on Europe's dependence on Russian energy, noting that with...

Debit Cards in Myanmar

Starting September 2012, Myanmar consumers would be able to use[my] debit cards serviced by the Myanmar Payment Union. Using a credit/debit card as a mode of payment in Myanmar has never been...

South Korea: Controversial Launch of Online Music Video Rating

South Korean authorities have launched a new ratings system for music videos posted online. The new bill requires every music video (or promotional video) and even movie trailers to be...

Cameroon: Contesting Magazine's “Failed States” Report

Francois-Xavier from Cameroon wrote: “Foreign policy in collaboration with the Fund For Peace has issued the eight annual failed states index and a joint photo essay which they titled Postcards from...

Guyana: Linden Protests Intensify

The protests in Linden, Guyana have intensified with the recent burning of buildings. Netizen commentary suggests that what began last month as a peaceful demonstration about increased electricity rates has...

Nepal: KFC and Pizza Hut closed in Nepal

Chandan Sapkota informs that the closure of KFC and Pizza Hut in Nepal due to militancy shown by ad-hoc committee of All Nepal Hotel and Restaurant Workers Union-Revolutionary (ANHRWU-R) will...

Italy: Uncertain Future for Polluting Ilva Steel Plant – and its 12,000 Employees

Europe's biggest steel plant in Taranto, Italy, has been put under judicial seizure: the last chapter of a complex struggle involving high environmental risks and occupational issues. Along with street...

Russia: Millions of Taxpayer Rubles Earmarked for Facebook “Likes”

Earlier this week, Aleksei Navalny took aim at a pending state tender for advertising services to aid the state-owned broadcasting company The Voice of Russia. The dispute surrounding VoR and...

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