Pressespiegel

Global Systemic Crisis

  • reuters Cuadrilla to start fracking in England in weeks - Shale gas developer Cuadrilla will start fracking at its Preston New Road site in northwest England in the next few weeks, it said on Wednesday as it announced government approval for a second well. Hydraulically fracturing, or fracking, involves extracting gas from rocks by breaking them up with water and chemicals at high pressure and was halted in Britain seven years ago after causing earth tremors. But the British government, keen to cut its reliance on imports as North Sea supplies dry up, has tightened regulation of the industry and gave consent in July for Cuadrilla to start fracking a first well at Preston New Road… Read more : Reuters, 19.09.2018
  • nytimes An Offensive Plan for the Balkans That the U.S. Should Get Behind - The Balkans remains in strategic limbo. Kosovo declared independence from Serbia 10 years ago, but Serbia has yet to come to terms with its loss — refusing to recognize Kosovo and stirring trouble between the country’s ethnic Serbs and the ethnic Albanian majority. Almost two decades after the NATO bombing campaign to drive Yugoslav forces from Kosovo, some 4,000 NATO troops remain there to keep the peace. A breakthrough may now be in the making. It is a morally offensive one, but nonetheless the United States and the European Union should get behind it. President Aleksandar Vucic of Serbia and President Hashim Thaci of Kosovo are apparently working on a proposal to engage in a land swap that could bring the simmering conflict to an end. Northern Kosovo, which is populated mainly ... Lesen
  • whitehouse Get ready for Big Bitcoin: Cryptocurrency industry opens a D.C. lobbying arm - The price of bitcoin may be down, compared with last year’s meteoric heights. But industry officials aren’t waiting for the next spike in investor demand to launch a charm offensive targeting federal lawmakers and regulators who’ve taken an interest in cryptocurrencies. Tech veterans and a number of high-profile cryptocurrency companies on Tuesday said they are forming the Blockchain Association, the first fully fledged lobbying group in Washington representing entrepreneurs and investors who are building off the technology behind bitcoin. Joining the initial push are companies such as Coinbase and Circle, which operate some of the world’s most popular virtual currency exchanges, as well as the technology start-up Protocol Labs. Investors, such as Digital Currency Group and Polychain Capital, are also among the founding members… Read more : Washington Post, 11.09.2018
  • China won’t weaken currency to help exporters amid US trade war, Premier Li Keqiang says - China has no intention of weakening its currency to help exporters and will not engage in any form of “competitive devaluation” of its exchange rate, Chinese Premier Li Keqiang said on Wednesday, a day after the latest tit-for-tat measures in the US trade war. Li told the World Economic Forum in Tianjin that Beijing had not manipulated the exchange rate of yuan to cope with trade tensions, rejecting speculation that the Chinese government deliberately engineered the 8 per cent depreciation of the yuan seen since March to offset the effects of US tariffs on Chinese imports. “Some people think China deliberately [devalued the yuan]; this is groundless,” Li said, in an indirect response to US President Donald Trump’s allegations that Beijing is manipulating its currency… Read more : SCMP, 19.09.2018
  • bloom Jack Ma Warns Alibaba, China to Prepare for 20-Year Trade War - Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the U.S. to last longer and have a bigger impact than most people think. China’s richest man said the dispute could last 20 years and persist beyond the presidency of Donald Trump, as the world’s two strongest economic powers battle for global supremacy. China needs to strengthen its economy to deal with the conflict and shift trade relations from the U.S. to regions like Southeast Asia and Africa, Ma said during a speech at the company’s investor day conference in Hangzhou… Read more : Bloomberg, 18.09.2018
  • reuters Poland suggests ‘Fort Trump’ as U.S. weighs military base - President Donald Trump said on Tuesday the United States is considering a request from Poland for a permanent U.S. military presence in the fellow NATO country, acknowledging that he shares Poland’s concerns about possible Russian aggression. Polish President Andrzej Duda asked Trump for a permanent U.S. base during a White House meeting, offering to name it “Fort Trump,” and explaining it would be a bulwark against what he considers a threat from Russia… Read more : Reuters, 18.09.2018
  • alj Russia: Syrian missiles shot down Russian aircraft in crossfire - A Russian military aircraft was brought down by a Syrian missile over the Mediterranean Sea, killing all 15 people on board, the Russian defence ministry said. Moscow blamed Israel for the crash, saying the reconnaissance plane was caught in the crossfire as four Israeli fighter jets attacked targets in northwestern Syria. “The Israeli pilots were using the Russian aircraft as a shield and pushed it into the line of fire of the Syrian defence,” ministry spokesperson Major General Igor Konashenkov said in a statement on Tuesday… Read more : Aljazeera, 18.09.2018
  • scmp European firms mull relocating mainland production to Southeast Asia amid escalating US-China trade war - The European Union Chamber of Commerce in China says the issue can be easily resolved if Beijing opens up further, takes away market access barriers and conducts more economic reforms. European companies operating in China are extremely worried about getting caught in the US-China trade war crossfire and some are considering relocating to Southeast Asia as punitive tariffs slapped by the world’s two largest economies take a toll on multinational firms, according to the European Union Chamber of Commerce in China… Read more : SCMP, 18.09.2018
  • typhoon Super Typhoon Mangkhut: Hundreds of thousands flee homes as Philippines braces for direct hit from monster storm, while China raises threat level - Hundreds of thousands of people are fleeing their homes in the Philippines as Super Typhoon Mangkhut bears down on the region, while China’s meteorological authority raised a yellow storm alert on Friday. The alert is the second level on a four-tier warning system, and the authority has predicted the monster storm would make landfall near western Guangdong and eastern Hainan late Sunday, or early Monday. In Hong Kong, a very hot weather warning was issued by the Hong Kong Observatory on Friday morning, with temperatures expected to rise to 35 degrees Celsius on Saturday as the city awaits the arrival of Mangkhut, which is packing sustained winds of 205km/h (127mph) and gusts measured at 255km/h… Read more : SCMP, Sept 2018
  • ‘Lost for words’: Somerset cuts £28m of help for most vulnerable - On Wednesday the eight-person cabinet of Somerset county council voted through £28m of spending cuts, spread over the next two years. Over the previous six months, speculation had raged about whether Somerset would become the next Conservative-run council to join Northamptonshire in effectively going bankrupt and to call in government commissioners to sort out its mess. And here was the answer, delivered at not much more than a week’s notice. To avoid a final disastrous plunge into the red, there would be a hacking down of help for vulnerable families and children with special educational needs, youth services, road gritting, flood prevention and much more. The proceedings took place at Shire Hall, a mock-Gothic Victorian edifice in Taunton, Somerset’s county town. An hour before they started, around 80 people had gathered to ... Lesen
  • reuters Gunman kills five in ‘new normal’ shootings in California – police - The man went with his wife to a trucking company in Bakersfield, California, where he shot and killed a man and then turned his gun on his spouse, killing her, Kern County Sheriff Donny Youngblood told a news conference. He then chased another man from the trucking company before he shot and killed him in front of a nearby sports store. The gunman later killed two men at a residence. He then commandeered a vehicle from a woman and her child before he killed himself when he was confronted by a sheriff’s deputy, Youngblood said… Read more : Reuters, 13.09.2018
  • scmp Even with US help, Taiwan is fighting a losing battle against China to keep its friends and influence - Gary Sands says Taiwan will struggle to turn the tide of allies abandoning it for China, even with backing from the US. Beijing is simply making its new friends more generous offers than Taipei and Washington can match. In an effort to discourage other nations from cutting ties with Taiwan, US Senators Cory Gardner, Ed Markey, Marco Rubio and Bob Menendez introduced new legislation last week, the cleverly titled Taiwan Allies International Protection and Enhancement Initiative Act. If passed, the Taipei Act would end or diminish foreign assistance to countries that abandon Taiwan… read more : SCMP, 13.09.2018
  • reuters1 Protests dash Iraqi PM’s chances of new term, hit U.S. hopes of shaping government - Violent protests in the Iraqi city of Basra have all but ended U.S.-backed Prime Minister Haider al-Abadi’s chances of winning a second term and shattered Washington’s hopes of shaping the next government. Fifteen people have been killed protesting against power cuts, polluted water, poor services and perceived corruption in Iraq’s second city, many of them in clashes with security forces. Political allies and leaders of the religious establishment blame Abadi for the turmoil, putting an alliance he has formed with populist cleric Moqtada al-Sadr under threat… read more : Reuters, 13.09.2018
  • reuters France says talks with Britain over scallop fishing end in failure - Talks between French and British fisherman over rights to catch scallops have ended in failure, France’s agriculture ministry said on Wednesday, raising the risk of further tensions at sea. French fishermen have accused the British of unfairly catching scallops in the Baie de Seine off the coast of Normandy during the summer, when French boats are banned from doing so because of French regulations aimed at protecting shellfish stocks. “Agriculture and Food Minister Stephane Travert notes the failure of the fishermen to reach an agreement for this season’s scallop fishing,” the ministry said in a statement… Read more : Reuters, 12.09.2018
  • Five Chinese Ships, Led by Russian Icebreakers, Make Arctic Transit - A convoy of Chinese cargo ships, with at least two carrying turbine blades and other equipment for the wind power industry, has traveled via the Northern Sea Route from Asia to Europe across the Arctic Ocean. Led by the nuclear-powered Russian icebreakers Taymyr and Vaigach, a convoy of four ships made the transit in August and early September and has begun arriving in European ports. A fifth Chinese cargo vessel is still making its way across the Arctic Ocean. One ship, the Tian En, arrived in the French port of Rouen on September 5 carrying 63 pieces of equipment for the wind industry, including 21 wind turbine blades. It was the vessel’s first Arctic transit and the first cargo shipment ever transported through the Arctic between China and France. Russian officials said the most difficult part of the ... Lesen
  • independent New York replaces London as world’s top financial centre due to Brexit, survey says - London has been replaced by New York as the world’s most attractive financial centre, a survey has indicated, as Brexitprompts banks to shift jobs out of the city to keep access to Europe’s single market. Britain’s decision to leave the EU poses the biggest challenge to the City of London‘s finance industry since the 2007-2009 global crisis, since it may mean banks and insurers lose access to the world’s biggest trading bloc. New York took first place, followed by London, Hong Kong and Singapore in the Z/Yen global financial centres index, which ranks 100 centres on factors such as infrastructure and access to quality staff… Read more : The Independent,  12.09.2018
  • Guardian Battle over EU copyright law heads for showdown - It is an argument that has drawn in the likes of Paul McCartney, Plácido Domingo and the Vienna Philharmonic, as well as pioneers of the internet from Tim Berners-Lee to the founder of Wikipedia, Jimmy Wales. Fought with hashtags, mailshots, open letters and celebrity endorsements, the battle over the European Union’s draft directive on copyright heads for a showdown this week. After two years of debate, members of the European parliament will vote on Wednesday on the legislation, which could change the balance of power between producers of music, news and film and the dominant websites that host their work… Read more : The Guardian, 09.09.2018
  • independent Egypt sentences 75 protesters to death after demonstrations where 900 were people killed by security services - Egypt has sentenced 75 protesters to death and dozens more to life behind bars in a mass trial over a 2013 protest in support of the Muslim Brotherhood. In August 2013 up to 900 people were killed in Rabaa and nearby al Nahda square by security services after they gathered to demonstrate against the coup which had removed the elected president Mohamed Morsi. At what was initially intended to be a sit-in protest, the mood soon turned violent after Egyptian police moved to disperse the camps. The government said many protesters were armed and that eight members of the security forces were killed… Read more : The Independent, 07.09.2018
  • asia Two Koreas agree to hold summit in Pyongyang Sept. 18-20 - The two Koreas agreed to hold a three-day summit in Pyongyang from Sept. 18, as they seek to break a stalemate in denuclearization talks between the U.S. and North Korea. National Security Adviser Chung Eui-yong said Thursday that North Korean leader Kim Jong Un accepted South Korean President Moon Jae-in’s offer to hold their third summit in the reclusive country’s capital. Chung, a special envoy of Moon, met with Kim in Pyongyang on Wednesday and delivered a letter from the president. “The South and the North agreed to hold the inter-Korean summit for three days between Sept. 18 and 20 in Pyongyang,” Chung said in a press briefing. “In the inter-Korean summit, we agreed to discuss on how to establish sustainable peace on the Korean Peninsula, in particular, practical measures ... Lesen
  • UPDATE 2-Brazil hikes freight rates 5 pct, lifting agriculture costs - Brazil’s transportation regulator on Wednesday raised minimum truck freight rates by 5 percent on average, as the government walks a tight line between the demands of the agriculture and trucking industries following a truckers’ strike in May. Exporters group Anec criticized the higher rates for raising costs for the country’s grain sector by 3.4 billion reais ($818 million), while truckers association Abcam said the adjustment did not go far enough… Read more : Reuters, 05.09.2018
  • scmp2 Subs, ships and aftersales service: how Russia’s military is making Moscow a player in the Asia-Pacific - When Russian troops stage their biggest military exercise in decades in the country’s far east later this month, Chinese counterparts will be there alongside them. Even though the countries’ militaries routinely hold joint exercises, the decision to include China in Vostok 2018 surprised some defence analysts because the drills had previously been off-limits to foreign armed forces – and in some cases included potential conflict scenarios with China. With both countries seeking to check US influence in the region, Russia’s invitation to China is a strong step forward in the already close military relationship between the countries – one that has been marked lately by increased bilateral drills, as well as technology and classified information exchange. But Russia’s break from precedent this year can also be seen as a sign ... Lesen
  • bloom These Are the Cities With the Most Ultra-Rich People - New York has lost its crown as home to the most ultra-rich people, beaten out by the rising tide of extreme wealth in Asia. Hong Kong surpassed the Big Apple as the city with the highest population of people worth at least $30 million, according to a new report. The former British colony saw its number of ultra-wealthy increase 31 percent last year, to about 10,000, research firm Wealth-X found, higher than the nearly 9,000-strong population of the U.S.’s largest city. Tokyo came third, while Paris beat out London to take the European crown as Brexit weighed down the U.K. capital… Read more : Bloomberg, 06.09.2018
  • wired Brazil’s museum fire proves cultural memory needs a digital backup - FIRE DOESN’T HEED history. It doesn’t care about posterity or culture or memory. Fire consumes everything and anything, even if that thing is the last of its kind. On Sunday night, it came for the National Museum of Brazil, burning for six hours and leaving behind ashes where there had been dinosaur fossils, the oldest human remains ever found in Brazil, and audio recordings and documents of indigenous languages. Many of those languages, already extinct, may now be lost forever. It’s the kind of loss that’s almost impossible to quantify. For the researchers who worked in the museum, the conflagration sent their life’s work up in smoke. “It is very difficult to react to reality and try to return to life,” linguist Bruna Franchetta, whose office burned down in the fire, ... Lesen
  • scmp Trade war: China’s surplus with US grows 10 per cent to US$31 billion as Donald Trump ups ante - China’s trade surplus with the United States widened by 10 per cent in August to US$31 billion, data showed on Saturday as the trade war between the two nations escalated with Donald Trump threatening duties on more Chinese imports. Data from China’s General Administration of Customs showed that exports to the US in August jumped by 6.9 per cent from July to US$44.38 billion, but imports dropped by 0.9 per cent to US$13.3 billion. China’s trade surplus therefore grew by more than 10 per cent to US$31.08 billion. The figure surpassed June’s surplus of US$28.97 billion and July’s US$28.08 billion… Read more : SCMP, 08.09.2018
  • vietnam Vietnam’s economic zones derailed by anti-China protests - The Vietnamese government’s plan to open the country’s first three special economic zones have been stalled until next year at the earliest due to large demonstrations by those wary of an influx of Chinese businesses. In early June, protests erupted throughout the country, including in Hanoi and Ho Chi Minh City. Factories and shops were destroyed, and at least 1,000 people were arrested — an unusual display in Vietnam, where public security forces keep a close eye on the public. The national legislature responded by postponing deliberation and voting on laws related to the special zones that month, and recently decided to leave the matter alone once more in an October session… Read more : Asia Nikkei, 03.09.2018
  • brexit Et si le Brexit était un succès ? Un regard sur le Royaume-Uni 2019 - Ceci est un article déconfidentialisé du bulletin GEAB 123 (mars 2018). Bonne lecture ! Jusqu’à présent, médias et analystes ont été unanimes : le Brexit représente un avenir incertain et dangereux pour le Royaume-Uni… et seulement pour le Royaume-Uni. Nos lecteurs savent que nous avons toujours été plus circonspects à ce sujet. Alors que la première phase de négociation s’est achevée (en fin d’année dernière) et que la seconde s’apprête à commencer, il est temps d’admettre, d’une part, que cette sortie de l’UE ouvre également bien des opportunités au Royaume-Uni ; et d’autre part, qu’elle induit de nouveaux risques réels pour l’Union européenne. En effet, dans cette seconde phase de négociation qui portera sur la période de transition et la relation future entre les deux parties, le rapport de force pourrait s’inverser. ... Lesen
  • bloom Macron Push to Drop CIA Code Turns Serious as Trump Calls EU Foe - Just weeks after Emmanuel Macron took office last year, his team went over the French state’s most sensitive activities. What it found provided a wake-up call. The team learned that the country’s intelligence agency — which, among other things, tracks French citizens for homegrown terrorism or anarchist activities — uses software from a CIA-backed startup. Its code is provided by Palantir Technologies Inc., a data-mining company that started out working for the Pentagon and the Central Intelligence Agency… Read more : Bloomberg, 06.09.2018
  • france24 French Rafale jets deal sparks political storm in India - A 2015 Indian deal to buy 36 French Rafale fighter jets has whipped up a political storm in India with the opposition claiming Prime Minister Narendra Modi’s “friends” – and not the country – is benefitting from a bad deal. Back in April 2015, when Narendra Modi announced India’s order of 36 French-made Rafale fighter jetson the first day of his first official visit to France, it was hailed as proof that the self-styled “man of action” prime minister could deliver. Negotiations for the high-profile deal had dragged on for three years with deadlocks over the costs and subsidiary clauses frequently stalling the process. But when the French-Indian intergovernmental deal was finally struck, it was hailed by all parties with then French President François Hollande noting that it showed the partnership between India and France ... Lesen
  • db Deutsche Bank drops out of Euro Stoxx 50 index - Deutsche Bank must leave the Euro Stoxx 50, Europe’s most important blue-chip stock index, by the end of the month, Germany’s largest bank confirmed on Tuesday. Deutsche Bank hereby responded to the publication of the new composition of the index by Stoxx Ltd., the index arm of German stock exchange operator Deutsche Boerse. Given a steep fall during Deutsche Bank’s market capitalization in recent years, the Frankfurt-based lender is no longer included in the list of Europe’s 50 most valuable publicly-listed companies as of September 24. The Euro Stoxx 50 has traditionally included several corporate heavyweights from Germany, including the business software provider SAP, the Siemens industrial group and luxury carmaker Daimler. The energy company E.ON will be demoted alongside Deutsche Bank in September as well, while industrial gas producer ... Lesen
  • economy E-economy: We haven’t seen anything yet - In the West, we are still much too invested in the real economy. Looking at China, however, we can get an idea of ​​what an e-economy will look like. In August 2017, China accounted for 40% of global online transactions, making 11 times more online transactions than the United States.[1] In this instance, China has the immense advantage over the West to build its market economy directly on the Internet. Emerging powers like Africa[2] and India,[3] in particular, will also have this advantage. Also, e-economy is not just real economy duplicated on the web. It is a whole new ecosystem, or even ‘eco-paradigm’, developed from specific principles (so specific that the economy is built purely on this new foundation, free from any previous reference).[4] To give a particularly eloquent example ... Lesen
  • a;j India may face sanctions if it buys Russia’s S-400 missiles: US - The United States cannot guarantee India will be exempt from sanctions if it purchases weapons and defence systems from Russia, a top Pentagon official said. Randall Schriver, the Pentagon’s top Asia official, called into question on Wednesday the idea that the US would protect its relationship with India and that it will be insulated from any fallout if the purchase happens. “I would say that is a bit misleading. We would still have very significant concerns if India pursued major new platforms and systems (from Russia),” Schriver said at a think-tank event, according to Reuters news agency… Read more : Aljazeera, 30.08.2018
  • alj Wishing away Palestinian refugees: End of US’ UNRWA aid explained - The UN Palestinian refugee agency (UNRWA) has called the decision by the Trump administration to no longer commit funding “deeply regrettable” and “shocking”. Chris Gunness, spokesperson for the United Nations Relief Works and Agency, said on Saturday Friday’s move would affect “millions of people” including “some of the most disadvantaged and marginalised on this planet”. For nearly 70 years, UNRWA has provided lifesaving assistance to more than five million Palestinian refugees in the occupied territories, as well as Lebanon, Syria and Jordan… Read more : Aljazeera, 02.09.2018
  • scmp Canada’s Conservatives seek to end citizenship by birthplace as Chinese maternity tourism booms - The policy resolution, adopted by the Conservative Convention, was attacked by the left-leaning NDP as an example of ‘division and hate’ that went beyond the tactics of Donald Trump. Canada’s opposition Conservative Party has voted at its convention to end citizenship by birthplace if neither of the child’s parents holds Canadian citizenship or permanent residency, in the face of a booming Chinese birth tourism industry in British Columbia. “We encourage the government to enact legislation which will fully eliminate birthright citizenship in Canada unless one of the parents of the child born in Canada is a Canadian citizen or permanent resident of Canada,” said the Conservative resolution, passed in Halifax on Saturday… Read more : SCMP, 27.08.2018
  • UK to start work on satellite system to rival EU’s Galileo – Sunday Telegraph - Britain is to start work on its own satellite navigation system to rival the European Union’s Galileo project because the UK’s access to sensitive security information could be restricted after Brexit, the Sunday Telegraph reported. Galileo, a 10 billion euro (8.97 billion pounds) satellite programme being developed by the EU as a rival to the U.S. Global Positioning System, has emerged as a flashpoint between Britain and the EU, which is already beginning to treat Britain as an outsider… Read more : Reuters, 26.08.2018
  • bloom Macron Urges EU to Boost Defense, Finance Autonomy From U.S. - French President Emmanuel Macron called on Europe to build its financial and defense autonomy in response to the shifting balance of power as partners like the U.S. “turn their back” on the current world order. “The real question for Europe is if China and the U.S. see Europe as being strategically autonomous; today they don’t,” Macron told French ambassadors in Paris on Monday during the president’s annual foreign-policy speech. “Europe can no longer rely solely on the United States for its security. We must guarantee our own security and sovereignty.” Echoing German Chancellor Angela Merkel’s calls 24 hours earlier for a more assertive European Union in the face of President Donald Trump’s protectionism, Macron said the alliances designed after the Cold War must be revised and that Europe must now ... Lesen
  • reuters Japanese PM Abe seen headed for extended term despite policy doubts - The expected victory over ex-defence minister Shigeru Ishiba in the Sept. 20 Liberal Democratic Party (LDP) poll would put Abe on track to become Japan’s longest-serving premier. The winner becomes prime minister due to the LDP-led coalition’s grip on parliament. “It is my responsibility to respond to the mandate of the people,” Abe told reporters during a trip to southwestern Japan. “I am resolved to steer Japan for another three years as LDP president and prime minister.” Analysts say Abe looks set hold on to the top job because his nearly six years in power have enabled him to woo LDP backers with cabinet posts and other favours and to shut out rivals, while a weak opposition makes his lukewarm popularity among the electorate less relevant… Read more : Reuters, ... Lesen
  • scmp Tax cut back on the table for China’s legislature but impact on growth likely to be modest - Chinese lawmakers are debating an amendment to the nation’s tax code this week but analysts say any extra cash for consumers will be unlikely to offset the impact of the trade war with the United States and other economic headwinds. The Standing Committee of the National People’s Congress, China’s legislature, will consider a revised version of the tax bill, which failed to pass on its first reading in June. The initial proposal was rejected when many legislators – supported by a strong online campaign – called for a bigger reduction in the individual tax burden for most Chinese citizens. While the size of the tax cut is still be determined, it is unlikely to achieve the government’s aim of stimulating consumer spending enough to offset the effects on exports and ... Lesen
  • bloomb Euro Pessimism Reaching Point Where Some Say It’s Time to Buy - The next turn in the euro’s roller-coaster ride may not be far. After starting the year with a bang, the common currency was ambushed by adversities from dollar strength to turmoil in Italy and Turkey, and slid to a 14-month low last week. The selloff now looks overdone, and the euro may recover on the prospect of stronger growth and reduced political risks in the region, according to Aviva Investors Global Services. Europe’s shared currency has dropped almost 4 percent against the dollar this year, after a stellar 14 percent rally in 2017. Its declines in recent months prompted a slew of forecast cuts, lowering the year-end target in a Bloomberg survey of strategists to $1.17 from as high as $1.27 in March. The latest projection still implies a 1.1 percent ... Lesen
  • putin Europe Is Warming Up to Putin - On his way to Berlin for a meeting with German Chancellor Angela Merkel, Vladimir Putin stopped in the Alps on Aug. 18 for the mountain­side wedding of Austrian Foreign Minister Karin Kneissl. Seated at her right hand at one point, Putin traded toasts with the bride, waltzed with her, and even stuck around for the Cossack singers and dancers he’d brought as guest performers. It was just long enough for Russian official media to tout the appearance as evidence Putin is no longer unwelcome in Europe. Later that day, the German government tried to play down the significance of his meeting with Merkel, but it was hard to deny the symbolism. It was the Russian president’s first one-on-one meeting on the home turf of his most implacable European opponent since relations froze ... Lesen
  • businessinsider Les 24 pays et territoires qui émettent le plus de dioxyde de carbone par habitant dans le monde - L’Australie a décidé de ne pas inscrire dans la loi les engagements de réduction des émissions de gaz à effet de serre qu’elle avait pris dans le cadre de l’Accord de Paris de décembre 2015, rapportent Les Echos. Pourtant, le pays est témoin au quotidien des conséquences du réchauffement climatique. La Grande barrière de corail, dont la moitié a disparu depuis 2016, en est l’exemple parfait. Selon les dernières données de la Banque Mondiale, datant de 2014, l’Australie fait également partie des pays qui émettent le plus de dioxyde de carbone — l’un des principaux gaz à effet de serre impliqué dans le réchauffement climatique — par habitant. Mais l’Australie n’est pas le plus mauvais élève, loin de là… Lire la suite: Business Insider, 22.08.2018
  • figaro Le Venezuela veut sauver son économie grâce à sa cryptomonnaie petro - La nouvelle devise vénézuélienne verra sa valeur calquée sur le petro, la cryptomonnaie lancée par le gouvernement ce printemps pour échapper à l’hyperinflation. Une première mondiale qui équivaut à une dévaluation massive par rapport au dollar. La tourmente financière du Venezuela n’offre pas de signes de répit. Dans un pays où la monnaie nationale a perdu toute sa valeur, le Fonds monétaire international prédit que l’inflation atteindra 1 million de pourcents en 2018. Le président vénézuélien Nicolas Maduro a annoncé vendredi dans une intervention télévisée l’introduction d’une nouvelle monnaie, le bolivar souverain, qui compterait cinq zéros en moins par rapport au bolivar actuel. La valeur de cette devise serait calquée sur celle du petro, la cryptomonnaie lancée par le gouvernement vénézuélien au printemps dernier. Première cryptomonnaie au monde à être produite par ... Lesen
  • qz New Zealand is yet another beautiful place that doesn’t want foreign home buyers - When LinkedIn founder Reid Hoffman told a friend he was thinking of getting a place in New Zealand, his friend asked if he was getting “apocalypse insurance.” He told the New Yorker last year (paywall), “Saying you’re ‘buying a house in New Zealand’ is kind of a wink, wink, say no more.” Fellow billionaire Peter Thiel, the Trump-supporting PayPal co-founder, bought 193 hectares of untouched land on Lake Wanaka years earlier, ostensibly for that very reason. Read more : QZ, 20.08.2018
  • reuters BOJ may be ‘stealth tapering’ in stock markets, analysts say - Japan’s central bank appears to be growing more comfortable with larger declines in the country’s stock prices, a sign it may have begun in the share market what analysts describe as “stealth tapering” of its massive monetary stimulus. The Bank of Japan refrained from buying stocks on two days this week when the Topix .TOPX index was down more than 0.4 percent by midday, a departure from a previous pattern in which it bought exchange-traded funds (ETFs) on days when the index fell more than 0.2 percent. The BOJ already has a precedent of stealth tapering in its bond buying and similar moves in its stock market operations come after it said last month it would make its asset purchases “more flexible”. That change met stiff resistance from some BOJ board members, ... Lesen
  • figaro Grèce : après l’hécatombe, les entreprises redressent la tête - Le troisième plan de sauvetage de la Grèce prend fin officiellement ce 20 août. Huit ans de crise ont causé des dizaines de milliers de faillites. Mais les sociétés qui ont survécu retrouvent leurs marges. Les dix années écoulées ont provoqué une hécatombe pour l’économie grecque. Ces chiffres sont souvent cités: entre 2008 et 2015, le PIB, la richesse produite par le pays, s’est contracté de 25%; le chômage a grimpé jusqu’à 28%. Moins connu mais tout aussi effrayant: sur la même période, l’investissement s’est effondré de 60% et le chiffre d’affaires des entreprises grecques a perdu 66% de sa valeur. Coface, l’assureur-crédit français, dresse dans une note, au moment où Athènes sort officiellement de la tutelle de ses créanciers, un bilan de santé des entreprises grecques, souvent oubliées derrière ... Lesen
  • scmp Chinese delegation to visit US for trade war talks as analysts doubt new round leading to resolution - US stock markets opened strongly on Thursday following news of a further round of trade talks between the US and China later this month, despite gloomy forecasts from observers as to whether the new round will lead to any sort of resolution. China’s commerce ministry announced earlier on Thursday that it had accepted an invitation for the talks from the US, and would be sending a delegation led by Commerce Vice-Minister Wang Shouwen. White House economic adviser Larry Kudlow confirmed that the US would receive the delegation later this month as the two countries seek to find a way out of an increasingly volatile trade war. In an interview with CNBC, Kudlow, the director of the National Economic Council, warned ahead of the talks that “the Chinese government, in its ... Lesen
  • reuters U.S. tariffs to stay on Turkey, Qatar offers Ankara aid - The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The White House stance appeared to give Turkish authorities little incentive to work for the release of Andrew Brunson, a pastor on trial in Turkey on terrorism charges and whose case Turkish officials have said was a matter for the courts. The dispute is one of several between the NATO allies, including diverging interests in Syria and U.S. objections to Ankara’s ambition to buy Russian defence systems, that have contributed to instability in Turkish financial markets… Read more : Reuters, 15.08.2018
  • beijing Beijing ‘strongly dissatisfied’ as Donald Trump signs defence act upping US support for Taiwan and scrutiny of foreign companies - Beijing has condemned US President Donald Trump for signing an act committing to stronger military support for Taiwan and placing Chinese companies under closer scrutiny, saying the move will damage the countries’ ties. In a statement released on its website, the foreign ministry said Beijing was “strongly dissatisfied” with Trump signing the defence act. It said the US should “abandon its cold war mindset and zero-sum philosophy and view China and Sino-US relations in an objective perspective”. It urged the US not to implement the “negative contents related to China so as not to cause damages in Sino-US relations and bilateral cooperation in key areas”… Read more : SCMP, 14.08.2018
  • iran Iran’s Khamenei rejects Trump offer of talks, chides government over economy - Iran’s Supreme Leader on Monday rejected U.S. President Donald Trump’s offer of unconditional talks to improve bilateral ties and he also accused the Iranian government of economic mismanagement in the face of reimposed U.S. sanctions. Washington reimposed the sanctions last week after pulling out of a 2015 international deal aimed at curbing Iran’s nuclear programme in return for an easing of economic sanctions. Trump has also threatened to penalise companies that continue to operate in Iran. “I ban holding any talks with America… America never remains loyal to its promises in talks,” said Ayatollah Ali Khamenei, who has the final say on policy in the Islamic Republic… Read more : Reuters, 13.08.2018
  • irishtimes Brexit: France to veto re-routed trade plan between Ireland and Europe - France will not accept a European Commission proposal to exclude French ports from a re-routed trade corridor between Ireland and mainland Europeafter Brexit, the government has said. At the moment much of Ireland’s trade with the continent goes via Britain in trucks. But with less than eight months to go until Britain leaves the European Union there is still little clarity on its future trade relations with the bloc, or the Republic’s Border with Northern Ireland. The new route advanced by the commission would connect Ireland by sea with Dutch and Belgian ports, including Zeebrugge and Rotterdam. French ports such as Calais and Dunkirk would be bypassed… Read more : Irish Times, 11.08.2018
  • monsanto Monsanto ordered to pay $289 million in California Roundup cancer trial - A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company’s glyphosate-based weed-killers, including Roundup, caused him cancer and ordered the company to pay $289 million in damages. The case of school groundskeeper Dewayne Johnson was the first lawsuit alleging glyphosate causes cancer to go to trial. Monsanto, a unit of Bayer AG following a $62.5 billion acquisition by the German conglomerate, faces more than 5,000 similar lawsuits across the United States. The jury at San Francisco’s Superior Court of California deliberated for three days before finding that Monsanto had failed to warn Johnson and other consumers of the cancer risks posed by its weed killers… Read more : CNBC, 10.08.2018