» 02/04/2011, 00.00
World food price uncertainty presents social risks
Food reaches record prices. Lower output cannot explain price hikes. Many point to speculation. The UN warns that hunger could lead to more social unrest.
Record rise in production costs, China's economy slows
Energy, food, and raw materials (especially metals) cause the greatest rise in production costs in three years. Meanwhile, the countermeasures of the government are not stopping inflation, which remains over 8%, in spite of a slowdown in exports and in demand for luxury goods.
08/04/2008 INDIA - AFRICA
The first India-Africa summit has opened
New Delhi wants to increase trade and diplomatic relations with the African continent. It is seeking energy and raw materials in exchange for loans and projects. Experts: to counter the strong Chinese presence, India must propose a different form of collaboration, more respectful of local needs and the rights of the people.
29/04/2008 SAUDI ARABIA
Riyadh announces measures against record inflation of 9.6%
The rise in the cost of living is affecting all of the Gulf countries, the leading oil producers in the world, and is linked in part to the weakness of the dollar. The Saudi government reduces tariffs on food products and construction materials, and offers subsidies to the population.
World Bank: global growth heading for a crisis from which "no one will be saved"
The world economy will grow by only 2.5, compared with forecasts of 3.6. Eurozone, U.S., China, India, Japan all se downward trend. Growth in developing countries will be 5.4, 1.4 in rich countries,. Need to promote social welfare and infrastructure programs. Food prices fall by 14%, but the problem of food will remain crucial for poor countries.
An additional 64 million poor in Asia this year
The Asian Development Bank says higher food and fuel prices will increase the ranks of the poor. Families that spend most of their revenue on food are most at risk. Long-term investments are needed to increase output, so are better social safety nets.
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