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.... Globally, informal is the new normal. This is not only an issue in the developing world: over two million people work in the informal economy in the UK; over 12% of its GDP is in the informal sector, and all these numbers are steadily rising. ... [Read full article on Guardian ]
Friday 24th of March 2017 11:13:18 AM
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Latest Finance News related to Developing World

From smugglers to supermarkets: the 'informal economy' touches us all image
Source : Guardian [Read Article] Friday 24th of March 2017 11:13:18 AM
.... Globally, informal is the new normal. This is not only an issue in the developing world: over two million people work in the informal economy in the UK; over 12% of its GDP is in the informal sector, and all these numbers are steadily rising. ...
The South Africa township women learning tech image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:11:00 AM
....In a township in Cape Town, a new scheme is helping women develop web literacy. Far more men than women access the internet in the developing world, and the UN and the Mozilla Foundaton are trying to redress the balance. ...
Q&A: What will happen if the Federal Reserve raises US interest rates? image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:08:31 PM
.... This rise was heavily trailed in recent weeks and has been priced in as a certainty by market participants in New York, London and Tokyo – though some would be surprised by a half-point rise. Turbulence could come from the foreign exchange markets if the dollar rises following a slump in the Turkish lira, Indonesian rupiah, Mexican peso or other developing world currency. ...
Oil price will soar without investment in capacity, says watchdog image
Source : Guardian [Read Article] Monday 6th of March 2017 04:00:17 PM
....6mb/d last year. The developing world’s hunger for oil was one reason the situation today was different to the last time oil exploration investment collapsed so severely, in the early 1980s, the IEA said. ...
Fairtrade campaigners fear Brexit impact image
Source : BBC [Read Article] Monday 27th of February 2017 04:19:59 PM
.... . In December last year, its campaigners delivered a letter, with more than 50,000 signatures, to Downing Street asking the prime minister to pledge that any future trade deals would continue to tackle global poverty and deliver a fair deal for those in the developing world. ...
Want to know how society's doing? Forget GDP – try these alternatives | Mark Rice-Oxley image
.... You can’t eat a three-month Treasury bill, after all. In 2007/08, a wave of riots swept the developing world as the cost of basic foodstuffs soared. ...
Electric cars will not stem global demand for oil, says BP image
Source : Guardian [Read Article] Wednesday 25th of January 2017 02:47:17 PM
....Global demand for oil will still be growing in 2035 even with an enormous growth in electric cars in the next two decades, with numbers on the road rising from 1m to 100m, BP has predicted. The oil and gas giant predicted that despite electric cars spreading rapidly and renewable energy recording exceptional growth, oil demand would still rise because of rising prosperity in the developing world. ...
Rising inequality threatens world economy, says WEF image
Source : Guardian [Read Article] Wednesday 11th of January 2017 09:26:38 AM
.... The percentage of Japanese younger than 19-years-old, who constituted 40% of the population in 1960, are projected to decline to 13% in 2060. The rest of the developed and much of the developing world is heading in the same direction. ...
UK inequality narrows but many working people are worse off image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:16:03 PM
.... But it is a reliable and long-running series that goes back to 1977 on a consistent basis,” she said. Wanda Wyporska, executive director of the Equality Trust, said: “It is still a national scandal that the UK remains one of the most unequal countries outside the developing world. ...
UK MPs unite to push for greater transparency from tax havens image
Source : Guardian [Read Article] Tuesday 20th of December 2016 12:01:33 AM
....”. Sally Copley, the head of campaigns for Oxfam, the anti-poverty charity, said a number of developing world charities were backing the move. ...
This is a true age of uncertainty for the world economy | Barry Eichengreen image
Source : Guardian [Read Article] Wednesday 14th of December 2016 02:55:00 PM
.... China, still largely cut off from the world, did not figure in this discussion. And even if something went wrong in the developing world, the countries were simply too small to drag down the global economy. ...
Philip Morris's vision of cigarette-free future met with scepticism image
Source : Guardian [Read Article] Wednesday 30th of November 2016 11:14:07 AM
....2% over the same period. Maile said rising smoking rates in the developing world were partly the result of lower life expectancy reducing people’s fear of late-life diseases, as well the lack of social stigma attached to the habit. ...
Is Cadbury's move the end for Fairtrade? image
Source : BBC [Read Article] Monday 28th of November 2016 06:00:54 PM
....But not everyone wants to see Fairtrade stepping back from its role as a leading promoter of ethical trade. Anna Taylor, executive director of think-tank the Food Foundation, says the UK has seen a "rapid rise" in Fairtrade sales in the last two decades which has been of huge benefit to farmers in the developing world. ...
Council ponders workplace parking levy image
Source : BBC [Read Article] Tuesday 22nd of November 2016 01:20:53 AM
.... But in this case we felt confident that it was the right move and we have been proved correct. Firms can now see the advantage of being in a forward-looking city that's developing world-class public transport. ...
Protecting South Africa's macadamia nut crop image
Source : BBC [Read Article] Sunday 20th of November 2016 07:56:48 AM
. Macadamia nut farming is increasingly popular across the developing world and especially in Africa. ...
Shell to cut 380 jobs in Glasgow finance office image
Source : Guardian [Read Article] Wednesday 16th of November 2016 12:46:11 PM
. Shell is to shift nearly 400 jobs overseas as it looks to shore up its finances against persistently low oil prices by hiring cheaper workers in the developing world. ...
Poo power image
Source : BBC [Read Article] Wednesday 16th of November 2016 12:13:10 AM
.... There are really strong cultural attitudes to what's acceptable and what people contemplate," she says. She notes that while in the UK toilets and sewage systems mean we think little of the potential health risks connected to excrement, in the developing world there's little such certainty. ...
Economic frustration has spawned Trump and Brexit, warns UN labour chief image
Source : Guardian [Read Article] Monday 14th of November 2016 01:00:47 PM
.... But based on its own findings, the UN agency is facing an uphill battle. Casual forms of work more common in the developing world are being replicated in advanced economies – the “gig economy” – as on-demand services such as Uber and Deliveroo grow. ...
Too many clothes image
Source : BBC [Read Article] Wednesday 9th of November 2016 12:04:04 AM
....The firm made a loss last year and she says there is still very little capital for emerging ecological fashion brands trying to grow. She believes the government should not charge VAT "on fair trade, ethical and sustainable products from the developing world as a way of levelling the playing field". ...
Do you want your savings to go into selling cigarettes? image
Source : Guardian [Read Article] Saturday 29th of October 2016 06:00:12 AM
.... That means anyone investing in a FTSE All Share tracker will have 4% of their money in BAT, or 5% via a FTSE 100 index tracker. Campaigners argue that with few restrictions on how companies advertise in places like Indonesia, cigarette manufacturers are making huge profits from damaging the health of young people in the developing world. ...
Waiting to learn image
Source : BBC [Read Article] Tuesday 4th of October 2016 11:24:07 PM
...."A 10% increase in teachers' pay tends to result in a 5% to 10% increase in pupil performance. Given the stretched finances of developing world governments, the international community has a responsibility to help fund this. ...
Delivering results image
Source : BBC [Read Article] Sunday 21st of August 2016 11:02:19 PM
....Like Amazon, UPS is researching delivery by drones. But Mr Abney thinks that such flying deliveries would be more useful in the developing world. ...

How to avoid nuclear fallout and become equal partners with China
 image
Source : Telegraph [Read Article] Thursday 4th of August 2016 12:34:02 PM
.... In some countries in this category, Britain and China are competitors, but in others, there is an element of complementarity. Exploring these opportunities will help British business going global, as well as improving the quality and effectiveness of Chinese investments in parts of the developing world. ...
Nuclear delay image
Source : BBC [Read Article] Sunday 31st of July 2016 08:34:16 AM
....China has more than 30 nuclear power stations at home and nearly as many under construction. Exporting its nuclear technology is now the priority, and although it has customers like Pakistan in the developing world, the UK's track record and internationally respected safety regime would make it a hugely valuable showcase. ...
Cheap oil will weigh on global economy, says World Bank image
Source : Guardian [Read Article] Tuesday 7th of June 2016 08:01:30 PM
. Global growth will slow this year as oil exporters in the developing world struggle to cope with lower energy prices, the World Bank has said in its half-yearly economic health check. ...
Leave or remain – Britain’s fortunes hinge on a Europe in need of repair | Simon Jenkins image
....My indecision remains intact. In Germany this week I found alarming complacency towards the damage the euro is inflicting on Greece, Spain and Italy, and complacency too towards the harm the EU’s trade barriers do to the developing world. ...
UN urges countries to stem tide of firms profit-shifting to tax havens image
....Since then Cameron has come under pressure to secure tougher disclosure agreements with British dependencies and crown protectorates in the Caribbean and the Channel islands to end the secrecy that campaigners believe supports profit shifting to avoid tax. Unctad (the UN Conference on Trade and Development) said the growing practice among multinational corporations of diverting profits to low tax jurisdictions denied vital investment funds to developing world countries. ...
UN urges countries to stem tide of firms profit-shifting to tax havens image
....Since then Cameron has come under pressure to secure tougher disclosure agreements with British dependencies and crown protectorates in the Caribbean and the Channel islands to end the secrecy that campaigners believe supports profit shifting to avoid tax. Unctad (the UN Conference on Trade and Development) said the growing practice among multinational corporations of diverting profits to low tax jurisdictions denied vital investment funds to developing world countries. ...
The innovators: desalination unit brings clean water on wheels image
Source : Guardian [Read Article] Sunday 1st of May 2016 01:39:50 PM
....The “Desolenator” operates as a mobile desalination unit that can take water from the sea, rivers and boreholes – as well as rain – and clean it for human consumption. The device, which looks like a thick solar photovoltaic panel on wheels, is aimed at a wide range of users – from homeowners in the developing world who do not have a constant supply of water to people living off the grid in rural parts of the US. ...
Decline in iPhone sales leads to first revenue decline in 13 years for Apple image
....5bn. Annette Zimmerman, research director at tech research and advisory company Gartner, wrote last month that the problem was not Apple’s alone, pointing out that the entry price of a smartphone in the developing world was still a barrier, even among very inexpensive devices. ...
Antimicrobial resistance a 'greater threat than cancer by 2050' image
Source : Guardian [Read Article] Thursday 14th of April 2016 10:13:51 AM
....The chancellor will say: “My message here at the IMF meeting in Washington is that we need the world’s governments and industry leaders to work together in radical new ways. We have to dramatically shift incentives for pharmaceutical companies and others to create a long-term solution to this problem, with new rewards, funded globally, that support the development of new antibiotics and ensure access to antibiotics in the developing world. ...
Overseas territories spared from UK law on company registers image
Source : Guardian [Read Article] Tuesday 12th of April 2016 06:26:45 PM
....The party said the Luxleaks scandal demonstrated how the firms promoted international tax avoidance, which costs developing nations $200bn (£140bn) a year, 50% more than the total amount they receive in aid from rich countries. Diane Abbott, the shadow secretary for international development, said: “There is a clear conflict of interest in Dfid spending aid through these firms to reduce global poverty because these companies are themselves fuelling legal theft of the developing world’s public finances. ...
EU plans to tackle tax avoidance are a good start – but only a start image
Source : Guardian [Read Article] Tuesday 12th of April 2016 04:37:38 PM
....That means fresh tax data on most of the world’s largest multinationals will be publicly available, broken down by each member state. While the proposal stops short of demanding data for non-EU jurisdictions – much to the frustration of those campaigning for tax justice in the developing world – it will extend to recognised tax havens, a list of which has yet to be thrashed out. ...
An anti-trade America is a recipe for disaster image
Source : Guardian [Read Article] Friday 8th of April 2016 11:48:04 AM
....The rise of anti-trade populism in the 2016 US election campaign portends a dangerous retreat from the United States’ role in world affairs. In the name of reducing US inequality, presidential candidates in both parties would stymie the aspirations of hundreds of millions of desperately poor people in the developing world to join the middle class. ...
Source : Reuters [Read Article] Friday 8th of April 2016 06:27:04 AM
....SECURITY. Community Lands Scotland's campaign to double community land holdings in rural Scotland is part of an international movement mostly focused in the developing world to increase the amount of land formally held by communities. ...
GlaxoSmithKline to lower drug prices in poorer countries image
Source : Guardian [Read Article] Thursday 31st of March 2016 02:23:00 PM
....He has also led the way on opening access to clinical research and stopped controversial sales practices, after a corruption scandal in China in 2013 for which the company was fined £300m. The rest of the industry has also been moving towards tiered pricing for poorer countries, in response to criticism that many new drugs are too expensive for the developing world. ...
Maximising opportunities and minimising risk: how will we protect children online? image
....Half the world’s population now has a mobile subscription (pdf) – up from one in five 10 years ago – and there has been a rapid shift from fixed to mobile broadband. Many of those with access to the mobile internet will be children, and increasing numbers of them are in the developing world. ...
GSK to waive patents in poor countries image
Source : BBC [Read Article] Thursday 31st of March 2016 01:25:21 PM
.... . The step may make some important new medicines more affordable in the developing world, by leaving the way clear for generic companies to make cheap copies of GSK's drugs. ...
Is business ready for extreme weather? – open thread image
Source : Guardian [Read Article] Tuesday 29th of March 2016 01:35:48 PM
....Climate change is transforming weather patterns around the world. From Indonesia’s devastating forest fires at the end of last year, exacerbated by El Niño, to aid agencies calling for urgent action as droughts and floods trigger widespread food shortages in Africa, Asia and the Caribbean, it’s in the developing world where the impacts are most felt. ...
How small businesses can sell to foreign governments image
Source : Guardian [Read Article] Monday 21st of March 2016 07:30:02 AM
....Dulas has 30 years’ experience of selling to foreign governments in developing countries and to aid agencies but even so, Watson still describes the deals as difficult and daunting. “They [developing world markets] are still daunting even though we’ve been in them for a long time,” Watson says. ...
Gearing up: how Taipei's bike-sharing program is transforming citizens' commute image
.... Hangzhou, a city of 7 million people near Shanghai, leads Asia – if not the world – with 78,000 rental bikes. However, in many crowded cities – particularly in the developing world – bike programs are still an unaffordable luxury. ...
Marie Kondo tells us to ditch joyless items but where are we sending them? image
Source : Guardian [Read Article] Tuesday 23rd of February 2016 01:45:53 PM
.... Those wholesalers then determine what can be sold overseas, what can be downcycled into items like mattress stuffing or rags, what can be incinerated, and what can’t be used at all. The UK exports more used clothing to developing world markets —$481m or roughly 351m kilograms worth in 2014 according to UN comtrade data — than any other country besides the US. ...
Mobile World Congress: Europe's telecoms giants braced for global race to bring 5G to the market image
...." Günther Oettinger, European Commissioner . There will also be an appearance from Facebook’s billionaire founder Mark Zuckerberg, who is expected to defend ambitious plans for rolling out free internet in the developing world. ...
Automated farming: good news for food security, bad news for job security? image
Source : Guardian [Read Article] Thursday 18th of February 2016 07:00:27 AM
. Around the world, but especially in the developing world, food and farming systems continue to rely on 20th century technology. ...
Facebook ‘colonialism' row stokes distrust image
Source : BBC [Read Article] Thursday 11th of February 2016 08:26:30 AM
.... . When Marc Andreessen dismissed India's decision to block Facebook's "free" mobile internet scheme as "anti-colonialism", he stoked the fears of those who believe Zuckerberg's stated philanthropic ambitions are actually a front for his desire to dominate the internet in the developing world. ...
Amazon and easyFood have shaken up our shopping image
Source : Telegraph [Read Article] Wednesday 3rd of February 2016 07:24:46 PM
.... . For example, “golden rice” was developed by scientists as a breakthrough solution to cure malnutrition in the developing world. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 30th of January 2016 06:59:18 AM
....Readers say. • We’ve been living in the developing world for 10 years using our skills to help people. ...
Want to do good at work? Here's where to find a job in the sustainability market image
.... Instead, it will provide seed, angel and Series A investments, leading to a quick influx of investment into R&D followed by a quick move from lab to market. As part of COP21, developed countries will provide the developing world an estimated $100bn per year to help them convert to greener energy and adapt to climate change. ...
The woman who loves garbage: Veena Sahajwalla on making the best of waste image
Source : Guardian [Read Article] Thursday 21st of January 2016 12:40:05 AM
....”. Sahajwalla is working with companies in the developing world to extract maximum value from electronic waste products, and at the same time finding ways to reduce pollution and harmful health effects. ...
George Osborne backs Christine Lagarde for second term at IMF image
Source : Guardian [Read Article] Wednesday 20th of January 2016 07:58:20 PM
.... The current head of the World Bank, Jim Yong Kim, is a US citizen and was nominated by Barack Obama. There have been calls in recent years for the IMF to look for a leader from the developing world, but Lagarde’s championing of reforms to the IMF’s constitution – allowing for greater representation by poorer countries – is likely to be enough to deflect accusations of western bias. ...
Davos 2016: eight key themes for the World Economic Forum image
Source : Guardian [Read Article] Tuesday 19th of January 2016 06:00:17 AM
....Save the Children will warn that the fourth industrial revolution risks deepening the gap between rich and poor. That is because automation can destroy job opportunities for those with few educational qualifications, hollowing out labour markets in the developing world. ...
Davos: how can an event that's 82% male solve the digital gender divide? image
Source : Guardian [Read Article] Tuesday 19th of January 2016 05:00:15 AM
....There is plenty of evidence to suggest that digital access can help boost women’s personal development and wider prosperity. The Women and the Web report by Intel found that enabling greater internet access in the developing world would contribute an estimated $13bn-$18bn (£9bn-12. ...
Can technology help tackle the world's waste crisis? image
Source : BBC [Read Article] Tuesday 12th of January 2016 12:01:44 AM
....Dr Horsfall is now genetically engineering them to process metals more effectively. But as the developing world grows more industrial and urban, and the amount of waste we produce continues to rise, it's hard to see how such technologies alone will be enough to stem the tide. ...
Is 2016 the year when the world tumbles back into economic crisis? image
Source : Guardian [Read Article] Saturday 9th of January 2016 04:00:05 PM
.... If the Saudis are feeling the pinch from an oil price that has fallen from $115 a barrel in August 2014 to $33 a barrel on Friday, other countries in the emerging world are probably getting close to breaking point. The last time the developing world was in crisis, Alan Greenspan, the then chairman of the US Federal Reserve, rode to the rescue with cuts in interest rates. ...
World Bank warns on economic outlook image
Source : BBC [Read Article] Wednesday 6th of January 2016 08:14:43 PM
. The World Bank has warned of new threats to efforts to reduce poverty in the developing world. ...
Emerging economies can no longer power global growth, warns World Bank image
Source : Telegraph [Read Article] Wednesday 6th of January 2016 08:01:14 PM
.... . As a whole, the developing world underwent its worst year since the onset of the global recession, growing by just 4. ...
Factory figures make for grim reading as global stock markets fall image
Source : Guardian [Read Article] Monday 4th of January 2016 10:04:55 PM
....Some analysts have likened the current turmoil to the third and final act of the 2008 banking crisis. After the bank bailouts that crippled the west and the subsequent austerity, which delayed the recovery, the colossal borrowing by developing world nations must be reined in. ...
Radisson boss undeterred by Mali tragedy image
Source : Telegraph [Read Article] Saturday 2nd of January 2016 03:30:35 PM
.... Bullet holes in a staircase of the Radisson hotel in Bamako, Mali, after the attack  Photo: Joe Penney/Reuters. It was also a graphic reminder of the greater risks that multinationals face when operating in some parts of the developing world, markets that Stockholm-listed, Brussels-based Rezidor are hoping will power its growth. ...
Ethical spending rose in 2014 but solar cuts could hit this year's figures image
Source : Guardian [Read Article] Tuesday 29th of December 2015 12:01:10 AM
....The report found there was no growth in local shopping in 2014 but there was a 4% rise in charity shop sales. The authors highlight the first ever fall in Fairtrade sales since the launch 20 years ago of the scheme to offer developing world farmers a minimum price. ...
Can pedal power help with greener deliveries? image
Source : BBC [Read Article] Wednesday 23rd of December 2015 12:12:58 AM
.... But do governments have the political stomach for such a move? . "A number of governments in the developing world have taken the opportunity of falling oil prices to remove fossil fuel subsidies," he maintains. ...
IMF reforms clear last hurdle image
Source : BBC [Read Article] Saturday 19th of December 2015 01:20:31 PM
....The IMF aims to preserve economic stability and to tackle - or ideally prevent - financial crises. Over time, its focus has switched to the developing world. ...
International Energy Agency sees 'peak coal' as demand for fossil fuel crumbles in China image
.... . South Asia and parts of the developing world still want to build coal plants but they are finding it much harder to obtain funding. ...
Can Monsanto's CEO move the debate about GMOs beyond good versus evil? image
Source : Guardian [Read Article] Friday 11th of December 2015 02:00:14 PM
.... He’d eventually like to see farmers of arable crops get paid in the form of carbon offsets for sequestering CO2, just as forestry projects do. Adaptation, meanwhile, is underway in both the US and the developing world. ...
Care International: a golden age of charitable giving – now it’s your turn to help image
.... Currently, it works in 75 poor and developing countries and is playing a key role in assisting in the refugee crisis – it is helping families in urgent need in Syria, Jordan, Turkey, Lebanon and Serbia. Now Care International is giving people the chance to treat their loved ones to an ethical Christmas gift that’s a little bit different: a voucher that can help an entrepreneur in the developing world who is trying to build a better life for themselves – and this year it is offering the opportunity to transform two lives for the price of one. ...
Secret trade talks could weaken climate targets set in Paris, warn campaigners image
....The Geneva summit involving 22 countries including the US, Mexico, Australia and the 28 EU member states, aim to create a “level playing field”, with the possible consequence that fracking companies could dispute subsidies for solar or wind power. Unions and anti-poverty campaigners said the implications for developing world economies that want to promote investment in renewable energy would prove disastrous. ...
Mark Zuckerberg's billion-dollar chance to change the world image
Source : Telegraph [Read Article] Wednesday 2nd of December 2015 11:01:19 PM
.... A successful Doha trade agreement could lift 160m people out of extreme poverty – more than any billionaire could ever achieve alone. Each person in the developing world would become £670 richer per year. ...
Youth unemployment in Africa: projects to help a 'scarred generation' image
Source : Guardian [Read Article] Tuesday 1st of December 2015 04:04:16 PM
.... Youth unemployment is a global issue, with young people accounting for up to 40% of the world’s unemployed. However, nearly 90% of the world’s young people are based in the developing world, and sub-Saharan Africa has the youngest population of all. ...
Governments keep failing to tackle climate change. Maybe they should stop trying image
....He said: “This new approach will harness the power of markets and the creativity of entrepreneurs, and will draw upon the best scientific research. It will make possible a new partnership with the developing world to meet our common environmental and economic goals. ...
Energy firms 'risk losing $2tn' image
Source : BBC [Read Article] Wednesday 25th of November 2015 02:26:17 PM
...."The natural decline in the production rate of traditional energy sources is faster than increases we can likely achieve with alternative energy sources," a spokesperson for Shell told the BBC. "Therefore, continued substantial investment is required to meet this depletion, as well as to meet demand to fuel economic growth, especially in the developing world, while at the same time supporting the energy transitions that are underway. ...
Can we make it safer to fly? image
Source : BBC [Read Article] Tuesday 17th of November 2015 12:02:02 PM
.... Security in major hubs such as London Heathrow is generally very good, with state of the art technology being used by well-trained staff. But in regional airports, particularly in the developing world, standards can be more lax. ...

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