Papua New Guinea fails to make any progress on the human development front in spite of its growth in GDP. What could be the possible reason? IPS informs that it is due to the corruption level which has been brought to light by ITFS and other anti-corruption teams. Sydney- 24 February 2015- Although GDP (Gross Domestic Production) rate of Papua New Guinea has seen a rise of eight percent, the...

Parity with dollar will be reached, most likely in 2015 - analysts converge in this major international banks. The rate of fall of the euro against the dollar surpassed all expectations: in 2015 the single currency began at $ 1.21, a year ago costing about $ 1.40. Over the past 12 months, euro fell against the dollar by almost 23% and is now worth $ 1.06. In summer of 2014 we talked about the...

The Eurogroup extended duration of Greece Financial aid program. However, the chance of salvation suddenly turned to the increase of internal government contradictions, argues Deutsche Welle. Intra-party disputes in the ruling coalition government in Greece are not only around the country's membership in the euro zone, but also on relations of Athens and creditors. In late February, the EU...

American economist, Professor at the Institute for Advanced Study in Princeton, Dani Rodrik, noted in his column on the website Project Syndicate that recent discussion about economic growth in developing countries made a sharp turn. Inspiring, which was observed in recent years around the prospects of developing countries, has evaporated. According to him, there are only a few serious economists...

There have been numerous citing of Russian military aircrafts flying with their transponders witched off, and coming close to civilian passenger planes. What should be NATO’s response to such threats? The Russians are back, flexing their muscles. Their warplanes are increasingly flying dangerously close to civilian aircrafts. And that too with their flight transponders off. Typically aircrafts...

Thanks to the global oil price slump, Kenya is projected to be one of the speediest growing economies of Sub-Saharan Africa by a latest report published by the World Bank. According to the latest Kenya Economic Update (KEU) by the World Bank, Kenya’s growth is estimated to go up from last year’s 5.4% to 6-7%  over the next three years. The report noted that external and internal balances...

Plastic trashed into the oceans is harmful for marine ecosystem as well as marine life. Every year, nearly 8 million tons of plastic wastes are tossed in the oceans worldwide. It is equivalent to 5 bags full of plastic trash that is sufficient to cover every inch of coastlines across the globe. Science journal published that such huge amount of plastics dumped into the ocean is coming from 192...

A peek into how ISIS, or more correctly Daesh, recruits its fighters and sex slaves “brides of Jihadists” The Bard had once said “What’s in a name?” Well going by France’s Foreign Minister Laurent Fabius, quite a bit actually. ISIS, or the ‘Islamic State of Iraq and Syria’ has been splattering itself all over the news lately with its shocking brutalities which only goes to highlight its...

China's international payment system (CIPS) can be launched in September or October, reports Reuters, citing sources familiar with the situation. China's international payment system (CIPS) may be launched in September or October, reports Reuters, citing sources familiar with the situation. The system, which will make payments in RMB worldwide, would replace a number of existing systems and...