Ero Partsakoulaki

Multimedia journalist skilled in financial markets, investigations and video production.

How India took over the global medicine market

India is known as the “pharmacy of the world” for good reason. The country supplies about 20% of all generic drugs – cheaper versions of brand-name medicines, widely prescribed around the world. As such, India’s pharma industry is never far from the headlines. But the coverage is mixed – while some stories tout the sector’s meteoric growth, others tell of harm done around the world by dangerous Indian-made drugs.

Meet the illegal oil refiners of Nigeria

Deep inside the mangrove forests of the Niger Delta, thousands of young men use makeshift equipment, risking arrest and accidents, to refine a valuable commodity: oil. They fill a pressing gap in Nigeria. Africa’s top petroleum producer can’t refine nearly enough oil to fulfil its citizens’ needs. As fuel prices have surged in the last year, demand is higher than ever for black market fuel. Yet illegal refiners face an increasingly intense clampdown from the government, which is trying to claw back lost revenue; and many communities in the Niger Delta blame them for contributing to decades of environmental damage caused by oil spills. But when those who endure the worst of oil’s environmental impacts are also helping to keep the business alive, what does this tell us about a dirty yet essential commodity? And what will it take to quit oil? We travelled to the heart of the Niger Delta to find out. 0:00 Intro 1:19 Nigeria's fuel needs 3:25 Meet the illegal oil refiners 5:32 The government's crackdown 6:56 Shell's presence in Nigeria 7:42 The legacy of Ken Saro-Wiwa 10:48 Moving forward for Nigeria's oil economy #oil #nigeria #fuel -- Subscribe: https://www.bit.ly/3L0j2Ro Watch more videos: https://www.bit.ly/3FPmblU Visit our site: https://www.context.news/ — We make short documentaries, explainers and original series for people who care about the world’s biggest challenges. Context is anchored around three of the most significant and interdependent issues of our time: climate change, the impact of technology on society and inclusive economies. We contextualize how critical issues and events affect ordinary people, society and the environment. Context is a media platform brought to you by the Thomson Reuters Foundation, the corporate foundation of Thomson Reuters, the global news and information services company. Through journalism, media development, free legal assistance, and convening initiatives, we combine our unique services to drive systemic change.

Fast fashion giant Inditex wants to be sustainable. But is it?

In recent years, fast fashion brands like Zara have promised to produce and sell clothes in a more sustainable way for both the planet and the people who make their clothes. But our reporting found that those promises are at risk, due to some of Zara's — and its parent company Inditex's — business tactics. We spent months digging through supply chain data and conducting interviews with garment workers, factory owners, and former employees, and we found that Inditex has dramatically increased its use of dirtier, more expensive airplanes in the last few years to ship clothes from manufacturing countries such as Bangladesh, India, and Turkey to warehouses in Europe and stores around the world. Not only is air shipping’s carbon footprint around 35 times higher than shipping by sea, its use as a last resort in order to make sure clothes arrive on time adds to the pressure that garment workers face: producing clothes as quickly as possible, at times working overtime shifts with delayed payments and under harassment. In the case of one particular Inditex brand called Lefties, costly air shipping exasperates what is already a low-margins business. From Bangladesh to Spain, we uncover how companies like Inditex built a supply chain network optimised for speed at the potential expense of the environment and workers. 0:00 Intro 1:39 Inditex’s production cycle 2:35 A garment worker’s evening 3:42 Wage and labor violations 5:08 Bangladesh’s rise as a garment giant 6:11 Inditex’s air-shipping footprint 10:28 The pressure on garment workers 12:56 Lefties: Inditex’s hidden brand 13:40 A former employee’s testimony 16:27 Better fashion for people and planet? -- Subscribe: https://www.bit.ly/3L0j2Ro Watch more videos: https://www.bit.ly/3FPmblU Visit our site: https://www.context.news/ — We make short documentaries, explainers and original series for people who care about the world’s biggest challenges. Context is anchored around three of the most significant and interdependent issues of our time: climate change, the impact of technology on society and inclusive economies. We contextualize how critical issues and events affect ordinary people, society and the environment. Context is a media platform brought to you by the Thomson Reuters Foundation, the corporate foundation of Thomson Reuters, the global news and information services company. Through journalism, media development, free legal assistance, and convening initiatives, we combine our unique services to drive systemic change.

Reporting restrictions explained: which parts of a court case make…

Most civil and criminal court hearings in the UK are open to the public and the media. This transparency is aimed at helping ensure fair trials as well as public understanding of – and trust in – the justice system. But there are times when exceptions are made: to protect the anonymity of minors, for example, or the victims of certain crimes. This came into the spotlight last month, when a British court order limited a New Yorker article about the criminal trial of Lucy Letby, a nurse convicted of killing seven babies.

European consumer sector carve-outs and strategic deals expected to drive 2H23 M&A

Dealmakers in the European consumer space are cautiously anticipating a more active 2H23, with some indications of a pickup in M&A. It, could, however, be early next year before a significant number of consumer companies hit the market, they said. There may not be enough positive sentiment around the consumer sector for processes to be launched with confidence, said one sector banker. A peak in interest rates would be necessary before more processes start coming to market, this banker said.

San Martin aims for USD 100m market-testing bond debut - Deal Preview _ Debtwire

The small size of San Martin Contratistas Generales’s (B+/B) planned USD 100m bond will be the main challenge as the Peruvian construction and mining services provider looks to make its market debut, a bond investor and two bankers following the transaction said. Weighed against the borrower’s strong client profile, its near-single-market exposure during a difficult political period is also a consideration, the investor said.

El Salvador president’s potential gains in legislative elections could lift market confidence _ Debtwire

A win for President Nayib Bukele’s party in the El Salvador (B-/B3/B-) legislative elections on 28 February would help boost the market’s confidence in the country’s debt sustainability and debt repayment capacity, according to three sovereign analysts. However, concerns persist about the controversial administration’s political willingness to pursue difficult fiscal consolidation measures rather than political reforms.

Nueva Elektra tests market with complex remittance securitization – Deal Preview _ Debtwire

The complex structure of Nueva Elektra del Milenio’s (NEM) USD 500m seven-year remittance securitization, and the issuer’s control by Grupo Salinas, make it difficult to judge pricing expectations, according to two buyside analysts and a sellside analyst. The notes will be amortizing, thus reducing their average life to 4.5 years, the first buyside analyst and the sellside analyst added.

New issue supply may decrease in 2021 following 2020 surge – LatAm Primary Market Outlook _ Debtwire

There is some question as to whether 2021 can match this year’s Latin American new issuance, but investors remain positive about the region’s issuers, despite the effects of the COVID-19 pandemic, according to several market sources. Mexico is expected to be an active sovereign, borrowing along with corporates throughout the region who have weathered this year well and can continue to recover.

Ακίνητα: Ελάχιστος ο αντίκτυπος από την αναπροσαρμογή των αντικειμενικών αξιών

Οι ειδικοί εκτιμούν ότι οι αλλαγές στις αντικειμενικές αξίες που βρίσκονται σε εξέλιξη δεν θα επηρεάσουν σημαντικά τις εμπορικές αξίες. Ανησυχία για τις επιπτώσεις την πανδημίας.

A Path from the public to the private

In the urban landscape of Athens, ‘polykatoia’ -the typical, space-efficient Athenian block of flats- has predominated the urban landscape of the city since the 50s and it’s mostly characterized by an intense horizontal component of balconies. In an attempt to defy common building codes, Inside Out’s architect Nikos Ktenàs focused on the reinvention of ‘polykatoia’ by proposing the transformation of the unoccupied, residual space of the lot into an open-air central entry-hall and a transitional
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