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· October, 2013

Stories about Economics & Business from October, 2013

South Korean Tear Gas Being Used in Bahrain?

  29 October 2013

Bahrain interior ministry allegedly ordered 1.6 million teargas canisters to use against protesters, and South Korean company DaeKwang is believed to be one of the major suppliers. R. Elgin wrote in Marmot's Hole blog about the ironic history of tear gas– a notorious symbol of Korean government's clampdowns back in...

Construction of 1 Billion Euro Resort Begins in Montenegro

  28 October 2013

Luštica Bay, near Tivat on the Montenegrin coast, is being developed by Swiss Orascom Development into a large-scale resort bay and marina. The resort is a colossal undertaking in the small Adriatic country and will spread across a 6.8 million square meter coastal area. The total value of the project...

Opposition MPs Suspect Foul Play as Croatia Airlines Prepares for Privatization

  28 October 2013

Some members of the Croatian parliament, all of different opposition parties, have voiced their concern in past days regarding safety issues that Croatia Airlines has had in recent weeks and, in particular, the unusual media attention these incidents have received. Croatia Airlines is currently being prepared for a long-awaited privatization...

Everyone Suffers in Manila Traffic

  28 October 2013

Filipino journalist Iris Cecilia Gonzales writes about how people suffer from Manila's notorious street traffic: When one is stuck in traffic in Manila's streets, there's no escape. Everyone suffers — whether you're driving a sleek Rolls Royce or a moving piece of junk; whether it's with a red plate or...

South Korea: Labor Worker's Posthumous Victory Over Samsung

  23 October 2013

South Korean conglomerate Samsung has come under fire for their notorious labor violations. ‘International Campaign for Health and Labour Rights of Samsung Electronics Workers‘ explains about South Korean Court's recent ruling that orders industrial-accident payouts to the bereaved family of a former Samsung employee who died of leukemia. 

Nicolás Maduro's First Six Months as President of Venezuela

  22 October 2013

Venezuela is sitting on top of the largest oil reserves in the world and has a continual flow of dollars coming in. So they are not on the brink of a collapse. But they are progressively sliding into the swamp of serious economic dysfunction that will make sustained growth difficult...

Property Bubble In Kathmandu

  18 October 2013

Chandan Sapkota reports that the rise in the cost of housing in Kathmandu has made them beyond the reach of most of the Nepalese people. Easy bank credits to developers and prospective buyers have possibly triggered the bubble.

Nepali Journalist Arrested For Sharing News On Facebook

  14 October 2013

Aakar Anil reports that Dinesh Acharya, the Editor of Nepali business weekly Share Bazaar, has been arrested on 30th September 2013 in Kathmandu, Nepal on charges of sharing a news article on a Facebook page. He was detained on charges of violating the controversial clause 47 of the Electronic Transaction...

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