Europe’s rising demand for cocaine and other illegal drugs has opened up new territories on Africa’s west coast to Latin American drugs cartels, which see higher margins in Europe and an easier time with the law in West African countries. The US Drugs Enforcement Agency (DEA) reports that it is seeing the same gangs it fights in Mexico and Colombia appearing in countries like Guinea-Bissau, dubbed Africa’s first “narco-state.” Rising demand from Europe and a strong Euro have fueled the supply, according to a report from George Mason University in Virginia, USA. West African countries are a trans-shipment area of choice to Europe because of its proximity and because poverty, years of war, and endemic corruption have weakened institutions that could combat drugs crime. BBC, CNN
India’s consumers have the world’s biggest sweet tooth, and are struggling with rising prices for sugar and a dramatic drop in domestic production. For 60 million Indians, sugary milky tea is the main source of carbohydrates. Poor rains in June in India and excess rains in Brazil contributed to the world sugar shortfall, estimated at nine million tonnes, in 2009. It is the second year running that demand outstrips supply. Domestic production in India dropped 43 percent to 15 million tonnes, reports Bloomberg.
The price of refined, white sugar increased four percent in trading 10 September on speculation that India, Indonesia and Pakistan were to import more sugar. The world price of sugar almost doubled in 2009. BBC, Bloomberg, Economic Times, India
A three-part special on housing and the international population in the Lake Geneva region: part 1
(Also see part 2: Myth and reality: how housing in the Lake Geneva region adds up)
Geneva, Lausanne, Switzerland (GenevaLunch) - Switzerland’s population grew by 1.6 percent in 2007, the highest rate since 1963, thanks to immigration fueled by a healthy economy and the country progressively opening up to the Schengen Area free movement of labour, starting in 2002. One result was to put more pressure on the demand for housing, especially in the Lake Geneva region where demand has long been greater than supply.
A new peak in housing demand in 2008 in canton Geneva coincided with new construction falling off, leaving Geneva with an apartment vacancy rate of 0.25 percent on 1 June 2008, the date when national figures are compiled.
