Globalization: Crony capitalism and its effect on...

Globalization: Crony capitalism and its effect on the African nations

by Berhane Woldu | 1971 Nixon dismantled the Brinton Woods system deregulated currencies, ending the gold’s role in finical trading. He introduced the flotation system that expanded the unregulated capital and the formation of globalization. This gave way to tax inversion, cheap export, low wages, overseas head quarters and increase corporate profits. Read more

Global resources depletion – Part I

Global resources depletion – Part I

by Fred Magdoff | Environmentalists and scientists often refer to the two different ends of the environmental problem as sources and sinks. Read more

China Imports $20 million Worth of Copper from...

China Imports $20 million Worth of Copper from Eritrea

The press reports state that the copper was imported from Eritrea, but do not mention the exact port of origin. The cargo was probably shipped via Dubai as it is the vessel’s closest port of call to Eritrea.

According to Chinese media reports on Monday, it is the first time that the Port of Nantong imported copper concentrate from the East African country. Eritrea is rich in mineral resources and has several international mining companies exploring metals near its capital Asmara. Read more

Turkish Airlines to Begin Flights to Eritrea on...

Turkish Airlines to Begin Flights to Eritrea on May 29

In an interview with Voice of America’s Tigrinya program, Tsehaye Fassil, the Director at the Ministry of Foreign Affairs, confirmed Turkish Airlines will commence flights to Eritrea in May. “Turkish Airlines will begin flights to Eritrea on May 29.” Said Tesehaye. Read more

Lufthansa Airlines Request to Start Flights Back...

Lufthansa Airlines Request to Start Flights Back to Asmara

Lufthansa Airlines has sent an application to the Eritrean government requesting to commence flights to Asmara, according to a source with knowledge of the situation. Read more