IPS, civil society's leading news agency, is an independent voice from the South and for development, delving into globalisation for the stories underneath.
RSS FEED IDEMS: Global Trade and Finance Correspondent IPS - Inter Press Service
- POLITICS-EGYPT: Al Qaeda Faction Alters Course
CAIRO, Nov 20 (IPS) - The ideology al Qaeda rests on to justify its
activities suffered a major blow this week.
- EGYPT: Torture Ruling Boosts Rights
CAIRO, Nov 8 (IPS) - Anti-torture activists in Egypt scored a rare win
Monday when an Egyptian judge
handed down three-year prison
sentences in a high-profile case to two police
officers filmed
last year abusing and sodomising a man in custody with a
broomstick.
- EGYPT: U.S. Funnels Aid to Coptic Christians, Documents Show
WASHINGTON, Aug 14 (IPS) - The United States has quietly funnelled millions of
dollars of its annual aid to Egypt to groups among the
country's increasingly restless Christian Coptic community and
to areas with large Christian populations as part of an effort to
"empower" the religious minority in a little-noticed
multi-year aid programme, according to a review of several recent
congressional documents.
- FINANCE-US: OPIC Extension Tied to Terror and Environment
WASHINGTON, Jul 24 (IPS) - The U.S. House of Representatives extended funding
until 2011 for the Overseas Private Investment Corporation
(OPIC), a government agency that backs U.S. corporations in
developing nations, in an act that prohibits investment in
"terrorist nations" and requires more rigorous human
rights and environmental standards.
- POLITICS: Developing Nations Sidelined for IMF Top Job
WASHINGTON, Jul 23 (IPS) - A coalition of developing countries at the
International Monetary Fund issued a tacit warning Monday that
the highly political process of selecting the next IMF chief may
be intimidating non-European countries from putting forth
candidates, and further discrediting the institution.
- FINANCE: U.S. Brokers Afghan Debt Cancellation
WASHINGTON, Jul 19 (IPS) - The United States, Germany and Russia have agreed
to write off one billion dollars in bilateral debts owed by
Afghanistan, or 92 percent of the poor nation's debt to the
three nations.
- FINANCE-US: Fed Chief Downplays Effect of Yuan on Deficit
WASHINGTON, Jul 18 (IPS) - U.S. Federal Reserve Chairman Ben Bernanke told the
U.S. Congress Wednesday that the global economy was growing at a
strong pace bolstered by rising consumerism and demand, but the
U.S. trade deficit with the world remained at a high level
despite a sliding dollar.
- TRADE: WTO Offers New Proposal to Break Deadlock
WASHINGTON, Jul 17 (IPS) - The World Trade Organisation (WTO) proposed a new
plan Tuesday to unlock global trade talks that have stalled over
farm subsidies in rich countries and reluctance by poor nations
to further open their markets for Western goods and services
without reciprocation from industrialised nations.
- CORRUPTION: World Bank Debars Indian Firms in Fraud Probe
WASHINGTON, Jul 16 (IPS) - The World Bank ended a several-year investigation
Monday by debarring two Indian pharmaceutical companies, citing
corrupt procurement practices in a controversial Bank-funded
reproductive health programme.
- FINANCE: World Bank Moves into the Middle East
WASHINGTON, Jul 16 (IPS) - The Middle East and North Africa region has become
the fastest-growing area for investments from the World
Bank's private sector arm, the International Finance
Corporation (IFC), which surpassed one billion dollars for the
first time last year, according to the Bank Information Centre, a
Washington-based research group on international public lenders.
- FINANCE-US: Congress Reins in Foreign Investors
WASHINGTON, Jul 13 (IPS) - The U.S. Congress passed legislation this week that
strengthens the vetting system for foreign purchases of companies
in the U.S., a measure that observers say will mostly likely lead
other countries to tighten their rules as well.
- TRADE: US Complains to WTO as Deficit with China Creeps Up
WASHINGTON, Jul 12 (IPS) - Just hours after new data showed an ever-widening
U.S. trade deficit with China, Washington asked the World Trade
Organisation (WTO) Thursday to arbitrate its dispute with Beijing
over what Washington considers illegal trade subsidies.
- POLITICS: U.S. Ups the Ante Against Latin American Populism
WASHINGTON, Jul 6 (IPS) - The United States and the World Bank are launching
a new plan to fight poverty in Latin America by removing
obstacles to the flow of private investments, a step that
observers say is one of many designed to weaken rising
anti-capitalist sentiment in the region.
- FINANCE: Development Banks Lag on Sexual Health - Report
WASHINGTON, Jul 6 (IPS) - Despite strong verbal commitments to reproductive
and sexual health, the so-called multilateral development banks
(MDBs) that lend to poor nations have spent relatively little
money on such projects and, in some cases, have followed policies
on the ground that in fact impeded women's empowerment and
improved public health, a new study charges.
- TRADE: Starbucks Coffee Deal with Ethiopia Hailed as Model
WASHINGTON, Jun 29 (IPS) - A deal between Starbucks and Ethiopia that ends
their trademark dispute and offers more benefits to Ethiopian
coffee farmers has been hailed as a potential model for other
poor nations seeking to better use the modern trading system,
especially the often-controversial intellectual property rights
provisions.