· April, 2013

Stories about Economics & Business from April, 2013

Iran: Investors Swarm Ahmadinejad over Losses

According to Payvand site and several bloggers, Iranian President Mahmoud Ahmadinejad was swarmed by a group of Iranians protesting the loss of their money in the Tabriz Nasr Secured Loans...

29 April 2013

‘Farmers Know Better’ in Turkmenistan

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?

25 April 2013

Cheap Gold Puts China in a Frenzy

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.

24 April 2013

Hong Kong Hit by Gold Tourism

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.

23 April 2013

Legal Checklist For Doing Business in China

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...

23 April 2013

Trinidad & Tobago: Jack Fell Down and Broke His Crown

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...

22 April 2013

YouTube Lags in South Korea While Internet Zips By

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.

22 April 2013

China Comes Down on Apple After Calling Company ‘Arrogant’

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.

18 April 2013

Mozambique: Coal mine blocked in protest

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...

17 April 2013

Madagascar's Economy Falling Behind Africa's

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...

17 April 2013