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Plan to double sales tax approved in parliament, but enough fellow Democrats reject rise to threaten ruling-party unity.
Last Modified: 26 Jun 2012 15:57 GMT
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Developers insist their practices aim at feeding growing populations, but little oversight is performed.
Last Modified: 26 Jun 2012 20:33 GMT
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Four-day conference to discuss "second transition" as poverty, unemployment and inequality continue to blight progress.
Last Modified: 26 Jun 2012 22:30 GMT
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Growing gap between wealthy and poor on the minds of many voters as country prepares to elect new parliament.
Last Modified: 26 Jun 2012 14:53 GMT
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Moody's downgrades 28 Spanish banks, as Madrid formally requests a 100bn euro bailout for its struggling banking sector.
Last Modified: 25 Jun 2012 22:48 GMT
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Reports that Rupert Murdoch's media empire may separate its entertainment businesses from its publishing assets.
Last Modified: 26 Jun 2012 07:19 GMT
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A French-Italian company banks on turbo-propeller aircraft to make savings over more expensive jets.
Last Modified: 25 Jun 2012 19:47 GMT
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Gulf state applies for licence to invest $5bn in scheme allowing foreign exposure to Chinese stock and bond markets.
Last Modified: 25 Jun 2012 09:25 GMT
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Many doubt if politician associated with rolling blackouts can solve the country's crippling energy crisis.
Last Modified: 23 Jun 2012 19:00 GMT
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Government receives $1.7bn in winning bids to drill in new areas of Gulf of Mexico, scene of BP's 2010 oil disaster.
Last Modified: 22 Jun 2012 19:19 GMT
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