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.