10,000 farmers protect in Brasilia
June 28, 2005
More than 10,000 farmers turned out on Tuesday in Brasilia to call attention to Brazils worst farm crisis in over 10 years. The farmers paraded in front of President Luiz Inacio Lula da Silvas palace to emphasize their request for financial aid to help refinance their expenditures for this years harvest. Finance minister […]
Japanese concern at rising oil prices impacting economic recovery
June 24, 2005
In Japan on Friday, chief cabinet secretary Hiroyuki Hosoda said that rising oil prices concerned him because they have a negative effect on global economic development. In separate remarks, Economics minister Heizo Takanaka worried that while there are signs that the nations economy is showing signs of coming out of a soft patch, oil […]
Greenspan against trade sanctions
June 23, 2005
Federal Reserve Chairman Alan Greenspan said today in testimony before the finance committee of the US Senate that trade sanctions against China would not hold any advantages for the United States. The hearings grew out of increasing concerns about China on the subjects of that nations exports and its current high interest in investing […]
G8 to cancel African debts
June 13, 2005
The finance minister of the G8 met this past weekend and agreed to cancel the debts of 18 poor but well-governed nations around the world. The nations whose debt was cancelled include Benin, Bolivia, Burkina Faso, Ethiopia, Ghana, Guyana, Honduras, Madagascar, Mali, Mauritania, Mozambique, Nicaragua, Niger, Rwanda, Senegal, Tanzania, Uganda, and Zambia. Nine […]
South Africa seeks call center expansion
June 1, 2005
With an unemployment rate sitting at between 30 and 40 percent, South Africa has begun to look to the call center industry as a solution to this problem as more and more international companies have begun to outsource that portion of their operations. At the present time, South Africa employs approximately 50,000 individuals in […]
Airline subsidies row to go to WTO
June 1, 2005
The European Union on Tuesday returned to the World Trade Organization to pursue action against the United States for what the EU says were illegal subsidies that the US government paid to Boeing, the US aircraft manufacturer. According to EU trade commissioner Peter Mandelson, the EU has not ruled out pursing action against Japan […]