· April, 2013

Stories about Economics & Business from April, 2013

RSF Addresses the Situation at Ukraine's TVi Channel

  27 April 2013

On April 26, Reporters Without Borders (RSF) issued a statement [en; fr; uk – .pdf] on the situation at the Ukrainian TV station TVi: Reporters Without Borders condemns the sudden change of management at the opposition TV station TVi, announced three days ago, and is disturbed to learn that ensuing...

‘Farmers Know Better’ in Turkmenistan

  25 April 2013

When will [the Turkmen leader] finally understand that the planned economy is not working? In order for the cotton sector to develop, cotton should be grown by private farms. Wouldn't farmers be able to decide better how much cotton they should sow? Does the [president] sitting on a golden toilet in [the Turkmen capital] Ashgabat really know better how much cotton can be grown in the country than a person working on a field?

Hundreds Killed and Trapped in Bangladesh Garment Factory Collapse

  25 April 2013

Yet another factory disaster in Bangladesh, this time a nine story building collapsed killing more than 142 and injuring close to a thousand people. Many more are still trapped, and rescue operations continue. The tragedy is man-made as the factory management forced labors to work in an unsafe building.

Cheap Gold Puts China in a Frenzy

  24 April 2013

Mainland Chinese tourists tempted by the plunging price of gold emptied Hong Kong's local banks and jewelry shops over the weekend of the precious metal.

Hong Kong Hit by Gold Tourism

  23 April 2013

As the price of gold drops worldwide, mainland Chinese Tourists travel cross the border to Hong Kong to clear local banks and jewellery shops. See Hong Wrong for story detail.

Legal Checklist For Doing Business in China

  23 April 2013

Is Your Company Bribing Anyone?  The United States vigorously enforces its Foreign Corrupt Practices Act (FCPA), which penalizes improper payments to foreign officials by US companies.  In certain situations, US companies can be liable under the FCPA for payments made by their Chinese partner.  Canada and most European countries have...

Trinidad & Tobago: Jack Fell Down and Broke His Crown

  22 April 2013

Years of accusations against former FIFA Vice-President turned Trinidad and Tobago's Minister of National Security, Jack Warner, came to a head yesterday as the country's Prime Minister accepted his resignation from Cabinet. Netizens are watching the developments with interest, as they wonder who, if anyone, will come tumbling after...

Barbados: The Economy & Crime

  22 April 2013

This is not the Bimshire I moved to six years ago…there was no gun culture. The problem is still one we could control if we had leadership who put resources into fixing the problem rather than denying its existence. Notes From A Small Rock sees trouble in paradise.

YouTube Lags in South Korea While Internet Zips By

  22 April 2013

In South Korea where net users are accustomed to whizzing along with one of the fastest Internet connection speeds in the world, YouTube's sluggish performance is a source of constant complaints. The reason behind the video-hosting website's snail-like speed? The utter disrespect that South Korea's dominant corporations have for net neutrality.

China Comes Down on Apple After Calling Company ‘Arrogant’

  18 April 2013

China's industry and commerce authority has said that it will tighten its oversight of Apple as well as punish the technology giant for failing to comply with Chinese laws following a month-long media blitz accusing the company of "arrogance". The announcement came after Apple's public apology and some Chinese netizens described the incident as a drama of Rashomon.

Displaced Residents Accuse Brazilian Power Plant of False Promises

  17 April 2013

Among 4,325 people that have been either removed or indirectly affected by the construction of the Jirau and Santo Antonio dams in the Madeira river region, in the Brazilian Amazon, former river dwellers who now reside in New Mutum Paraná complain about promises that haven't been met concerning their displacement.

Mozambique: Coal mine blocked in protest

  17 April 2013

Mozambique's @Verdade newspaper is reporting on Facebook that about 500 residents of neighborhoods resettled by Brazilian mining company Vale are blocking road access to its coal mine in Moatize, Tete province. The peaceful protest is for greater compensation. The paper is reporting the rail line is also disrupted.

Madagascar's Economy Falling Behind Africa's

  17 April 2013

While sub-Saharan Africa's economic growth is projected to “outpace the global average“, a study by M. Razafindrakoto et al. from IRD (The Institute of Research on Development) published earlier this month unpacks the causes of Madagascar's economy lagging behind its African counterparts [fr] (Via Madagoravox).