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President Joko Widodo is not crying over cuts to Australian aid for Indonesia. AAP Image/Eka Nickmatulhuda

How will a 40% cut in Australian aid affect Indonesia?

Australia has cut aid to Indonesia by 40%. That may cause diplomatic displeasure, but the country has restructured its development programs in recent years to be less dependent on foreign money.
Tony Abbott is meeting Chinese President Xi Jinping in Beijing this week. Lukas Coch/AAP

Abbott’s awkward APEC moment over Asian infrastructure bank

Forget shirt-fronting Russian President Vladimir Putin. Prime Minister Tony Abbott’s most challenging task this week will be breaking an uncomfortable silence with Chinese President Xi Jinping. And he…
Banking on success. Ria Novosti/EPA

World Bank watch out, the BRICS Bank is a game-changer

The top news from this year’s BRICS summit was the announcement of a New Development Bank. Headquartered in Shanghai, the bank will become operational in 2016 with an initial capital of US$50 billion…
Does this mean Putin is the new Keynes? EPA

The BRICS plan for a new world order begins with a bank

Could history one day judge the latest BRICS summit as significant as the Bretton Woods conference of 1944? That is the hope of leaders from Brazil, Russia, India, China, and South Africa as they meet…
Professor turned politician: Ashraf Ghani. EPA/S. Sabawoon

Afghan election: Ashraf Ghani, my friend the frontrunner

Friendship is rare and to call a person “friend” is a serious matter. It’s not complicated – it implies really looking forward to the next conversation with that person. It implies sharing ideas, hopes…
World Bank President Jim Yong Kim warns investors not to ignore climate risks. EPA/Chris Kleponis

Fossil fuel campaigners win support from unexpected places

If you haven’t heard about the growing campaign for fossil fuel divestment, and what it means for both your retirement funds and for the global economy, it’s time to pay attention - because now even the…
A World Bank report gives a hopeful forecast for global growth. Image sourced from www.shutterstock.com

Growth spurt hopes for global economy, but challenges remain

The World Bank’s Global Economic Prospects report released this week is moderately optimistic about the short-term outlook of the global economy. World Bank economists anticipate an improvement in most…
Smiling now: Christine Lagarde ahead of the annual conference that brings together IMF and World Bank governors. EPA/Shawn Thew

Should the IMF announce its intentions on economic policy?

The International Monetary Fund and the World Bank will today begin their marathon three-day annual meeting in Washington D.C. to review the last year and set out strategies for the future. And while it…
What, you want all these new skyscrapers AND migrant rights? Omar Chatriwala

Less is more when it comes to migrant rights

This week the UN General Assembly is debating the global governance of international labour migration. This meeting is particularly timely, following reports of numerous deaths among Nepalese workers on…
From hot property to unwanted waste: it’s time to rethink the way we design, produce and reuse new products. Obsolete computer image from www.shutterstock.com

A cooler planet by design

Many of us get frustrated with the slow pace of international action on climate change. But powerless as we feel, we can still make a difference by rethinking the way we design our lives. Design is rarely…
Greece’s New Democracy party leader Antonis Samaras has gained sufficient votes to form a coalition - but there is a long way to go for Greeks yet. AAP

Greece stays with austerity, but scenarios abound

Greece’s New Democracy leader Antonis Samaras begins the task of building a coalition after emerging as the front runner to form a government. Reports indicate New Democracy has narrowly beaten leftist…

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