France, Germany, Italy join China’s Infrastructure Investment Bank

France, Germany and Italy have confirmed they’ll join China’s new Asian Infrastructure Investment Bank (AIIB). Participation in the rival to the US-led World Bank is seen as a setback for the Obama administration.

The three European countries on Tuesday confirmed … Read the rest

‘The goal of sanctions is a color revolution in Russia’

The goal of Western economic sanctions is a “color revolution” in Russia, Russian Academy of Sciences presidium member, academician Yevgeny Primakov is convinced. He told TASS in a jubilee interview of conspiracy theories around oil prices, the U-turn of Russia’s … Read the rest

‘Russian Invasion’

by Peter Koenig

Interestingly, most of us who are seeking the truth are primarily attempting to undo the lies – lies umpteen times repeated, lies about Russian invasions, first proclaimed by Poroshenko, Ukraine’s oligarch leader (sic), lies of Russia not … Read the rest

by Peter Koenig

Interestingly, most of us who are seeking the truth are primarily attempting to undo the lies – lies umpteen times repeated, lies about Russian invasions, first proclaimed by Poroshenko, Ukraine’s oligarch leader (sic), lies of Russia not … Read the rest

BRICS to set up own IMF

bricsmapVery soon, the IMF will cease to be the world’s only organization capable of rendering international financial assistance. The BRICS countries are setting up alternative institutions, including a currency reserve pool and a development bank.

The BRICS countries (Brazil, Russia, … Read the rest

World Bank to map Africa’s natural resources

africa3The World Bank plans to launch in July a $1 billion plan to map Africa‘s natural resources with the aim of delineating more clearly the continent’s uncovered mineral wealth.

The project, dubbed the Billion Trillion Dollar Map, “will unlock the … Read the rest

Despite radical affirmative action, racial income gap remains in South Africa

Inequalities in South Africa are threatening economic growth, with children born into poor families unlikely ever to escape poverty or reap the rewards of living in Africa’s largest economy.

The World Bank’s sobering assessment released last week found that a … Read the rest