Tanzania's mining revenues are touted as a key way to reduce reliance on foreign aid and pull people out of poverty, but experts argue companies are swindling the government out of at least $248 million a year. The East African nation topped the worst of a list of nations across the continent examined by the watchdog group Global Financial Integrity (GFI), with nearly $19 billion (14 billion euros) in illicit flows over the past decade, the equivalent to over seven percent of the country's total government revenue. There are a lot of illegal reasons to do this, including tax evasion and money laundering.
GRAYS (United Kingdom) (AFP) - Feeling "surrounded" by ethnic minorities, retired factory worker Peter Harvey voted for anti-immigration UK Independence Party (UKIP) in last month's European and local polls and plans to do so again in next year's national election. "I'm the only white British person in my area," the 66-year-old said, explaining his voting preference in Grays, a town in southeast England, where UKIP did particularly well amid spectacular gains across the country. Ostensibly fuelled by antipathy to immigration and Europe, UKIP's rise has nonetheless helped bring the issue of race to the fore ahead of the May 2015 general election. At the same time, there is a growing realisation of the importance of the ethnic minority vote, as studies show the numbers of black and Asian Britons growing at a faster rate than whites.
Britain is leading the way in so-called "zero-hours" contracts that keep employees available but with no guarantee of work -- and other countries are watching with interest. The latest skirmish is over plans by Prime Minister David Cameron's Conservative-led government to halt unemployment benefits to those who won't take a zero-hours contract.
After years of boom that have seen prices rocket, the prospect of a bust is looming over China's vast property sector, with authorities hoping to avoid a meltdown that could send shock waves through the world's second-biggest economy. But in the past two decades that has given way to market-oriented principles as China's economy has opened. New home prices have soared, more than quadrupling in Beijing and Shanghai since 2003, and more than doubling in the country as a whole, according to a report by Jeremy Stevens, Beijing-based Asia economist at South Africa's Standard Bank. The increases have been a key source of wealth for China's rising middle classes, and a major driver of the economy.
The EU lays down the law Monday on how member states manage their economies, with struggling France in focus just days after a stunning election breakthrough there for the anti-EU National Front (FN). The Commission has acquired new powers during the economic and ensuing debt crisis to ensure that the 28 member states respect European Union norms on sound finances and growth. Monday's review, to be published around 1200 GMT, will produce a scorecard that is expected to be very good overall for economic powerhouse Germany but much less so for others, such as France and Italy. The focus will be on deficit and debt levels, as well as what governments are doing to secure growth and jobs.
China's vast censorship machine does its utmost to wipe the slightest reference to the Tiananmen crackdown from books, television and the Internet, scrubbing the issue from public discussion and even from the minds of its younger generation. In an example of George Orwell's "1984" dictum that "who controls the present controls the past", it reflects both the ruling Communist Party's immense power and its enduring sensitivity about its actions on June 3-4, 1989. The overnight clearing of the square at the heart of Beijing, where student-led protesters had demanded reforms for seven weeks, left hundreds dead -- by some estimates more than 1,000 -- and the party isolated from its people and the world. A third of China's population today was born afterwards, while many of those alive at the time hesitate to broach the sensitive topic -- leaving a huge swathe of those under 25 ignorant of the event.
Ukraine accused Russia of unleashing a massive campaign to persuade global powers not to recognise polls that gave the presidency to a pro-Western tycoon as both sides readied for a new round of talks on disputed gas prices. The United States for its part acknowledged a "fundamental disagreement" with Russia and said President Barack Obama would extend his support to Petro Poroshenko when he meets the winner of the May 25 election in Warsaw on Wednesday. Ukraine's separatist insurgency only intensified after 48-year-old chocolate maker Poroshenko won 54.7 percent of the vote in a poll that was disrupted across swathes of the eastern rust belt.
A US soldier captured nearly five years ago in Afghanistan was freed Saturday in exchange for five Taliban inmates held at the Guantanamo prison in a dramatic deal brokered by Qatar. US Army Sergeant Bowe Bergdahl was in "good" condition after Taliban fighters handed him over to "a few dozen" US special operations forces backed up by helicopters at an undisclosed location in eastern Afghanistan, defense officials said. "Sergeant Bergdahl has missed birthdays and holidays, and the simple moments with family and friends which all of us take for granted," President Barack Obama said in the White House Rose Garden, flanked by the soldier's parents Bob and Jani. Obama thanked Qatar's emir, Sheikh Tamim bin Hamad Al-Thani, and the government in Kabul for helping to bring home the only American held captive by the Taliban in the 13-year-old war.