Pope Francis on Thursday called on world leaders to put an end to the “cult of money” and to do more to help the poor, warning that insecurity was rising in many regions of the world and the “joy of life” was diminishing in developed countries.
“The worship of the golden calf of old has found a new and heartless image in the cult of money and the dictatorship of an [...]
World Bank President Jim Yong Kim has warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.
In his first public speech since taking the helm of the World Bank on July 1, Mr Kim said even if the eurozone crisis is contained, it [...]
KFC’s trademark buckets of chicken and other paper products are the product of deforestation in Indonesia’s rain forests, Greenpeace International claims in a newly published report.
Independent testing on the fast-food restaurants’ pulp-based products in three regions of the world found fibres of tropical hardwood trees, specific to Indonesia’s forests, the group claims.
Home to many endangered species including the last of originally three species of Indonesian tigers, according to Global Forest Watch the [...]
Among the traditionally meandering permabullish ramblings of a man who continues to ignore the disconnect between reality and his view of the world, tonight’s note by GSAM loss leader Jim O’Neill “Surreal Times” has a very ominous rhetorical question inbetween all the bullish propaganda: “The ECB doesn’t seem to regard 10-year Italian bonds as a bargain and, of course, it is rather tricky as they need to be sure [...]
“At a time when the legitimate aspirations of people in many regions of the world for greater freedom, dignity and a better life are too often met with violence and repression, I urge States to respect the fundamental rights of all people. Torture and other forms of cruel, degrading and inhuman treatment and punishment, wherever they occur and whatever the circumstances, can never be justified.”
The Chinese mining sector is currently producing 340 tonnes of gold a year and rising. No doubt there is every encouragement from the State for this figure to rise. We believe that no matter how high it rises, little if any of that supply will reach the world’s ‘open’ market in London. Even global gold production is not likely to rise significantly from the current [...]
Global market pulp production increased by seven percent in 2010, which increased demand for wood raw-material. As a result, prices for wood chips and pulplogs were up in most regions of the world, according to the Wood Resource Quarterly. The Softwood Wood Fiber Price Index (SFPI) has increased 16.5 percent the past two years, while the Hardwood Wood Fiber Price Index (HFPI) went up 17.7 percent.
For Immediate [...]