Chinese Firm Wins Major Road Construction Contract in Afghanistan

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nsnbc : A Chinese firm was awarded a major road construction contract in Afghanistan. The agreement was signed in the Afghan capital Kabul in the presence of Afghan President Mohammad Ashraf Ghani. The contract was signed on the evening of January 8, 2017 in the presence of President Mohammad Ashraf Ghani. The road construction project, Dara-e-Suf More...

by nsnbc | Published 1 month ago
Growth accelerations in African countries have been short-lived. That might be about to change. Shutterstock
By nsnbc On Sunday, January 8th, 2017
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Africa is poised for sustainable growth and development. But there are risks

Alan Hirsch (TC) : As we know, growth accelerations are pretty commonplace among developing countries. Economist Ricardo Haussman and his colleagues identified 83 growth accelerations of eight consecutive years More...

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By nsnbc On Friday, January 6th, 2017
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Belgium to Increase Offshore Wind Turbine Subsidies

nsnbc : Belgium will increase its number of offshore wind turbines in the North Sea and will probably increase subsidies over the coming years as wind turbines become increasingly competitive in comparison with More...

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By nsnbc On Thursday, January 5th, 2017
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Iraq Cuts Back Oil Production Under OPEC Deal

nsnbc Iraq, on Thursday began the implementation of cuts in oil production in line with the OPEC agreement reached in December 2016. The agreement to cut back production in December came in response to plummeting More...

PDVSA is the single largest source of income for the Venezuelan government, and oil sales accounting for well over 90 percent of the country’s export revenue. (AVN)
By nsnbc On Thursday, January 5th, 2017
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Venezuela Begins 95,000 BPD Production Cut Under OPEC Deal

Lucas Koerner (VA) : Venezuela’s state oil company, PDVSA, began on Sunday a 95,000 barrels per day (BPD) reduction in its crude output as part of a production cap agreement brokered by the Organization of Petroleum More...

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By nsnbc On Monday, January 2nd, 2017
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Results of Poverty Elimination in Mozambique Lagging: World Bank

nsnbc : A report released by the World Bank notes that poverty in Mozambique has fallen but doesn’t benefit everyone and is lagging about 50 percent behind sub-Saharan standards. That said, the proposals that More...

Mossack Fonseca’s Panama office. EPA/Alejandro Bolivar
By nsnbc On Wednesday, December 28th, 2016
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Half of Panama’s Rural Population Affected by Poverty

nsnbc : Some 50 percent of the Panamanian rural population lives under what is regarded as the poverty line. 14 percent of the country’s urban population including those in the capital is also affected. Mossack More...

Bhutan’s flowing rivers could feed electricity to neighbouring countries. Inga Vitola/Flickr, CC BY-SA
By nsnbc On Saturday, December 24th, 2016
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Bhutan and Nepal: two ‘least developed countries’ that could change the face of Asia

Cecilia Tortajada (TC) : According to a recent UN report, “48 of the world’s most vulnerable countries will lose ground in economic development and face increasing levels of poverty” between now and 2030. More...

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By Ellen H. Brown On Thursday, December 22nd, 2016
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The Italian Banking Crisis: No Free Lunch – Or Is There?

Ellen Brown (nsnbc) : It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.” More...

Women shows stacks of 100 Bolivar bills. Courtesy (AFP).
By nsnbc On Monday, December 19th, 2016
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Venezuela Keeps Border to Colombia Shut until January 2 in Attempt to Counter Economic Chaos

nsnbc : Venezuelan President Nicolas Maduro issued a decree to keep the border between Venezuela and Colombia shut until January 2. The border was initially closed for 72 hours as the country withdraws its 100Bs More...