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Global Systemic Crisis

  • mossul Mosul residents were told not to flee before airstrikes that killed civilians - Residents in Mosul were instructed not to leave their homes ahead of airstrikes last week that are reported to have killed more than 150 civilians, Amnesty International has said. The recent spike in civilian casualties suggests the US-led coalition in Iraq is not taking adequate precautions to prevent civilian deaths as it battles Isis alongside Iraqi ground forces, according to a report by the human rights group on Tuesday. The coalition has acknowledged that the US military was behind an airstrike on 17 March that hit a western Mosul neighbourhood. Residents have said at least 150 civilians were killed. US officials have not confirmed that there were civilian casualties but have opened an investigation. The Pentagon said on Monday it was reviewing more than 700 video feeds of coalition airstrikes on ... Leggete
  • cph Russian gas pipeline splits Parliament - To allow, or not to allow. That is the question the Danish government will be entertaining in the coming week when the Russian gas pipeline Nord Stream 2 formally asks for permission to lead the pipeline through Danish waters in the Baltic Sea. But in Denmark’s political arena, the question has divided a number of parties. Dansk Folkeparti (DF) is in favour of giving the Russians access. “It’s a Russian company out to make some good business and deliver energy to the west. I don’t see that as a problem,” Søren Espersen, DF’s spokesperson for foreign affairs issues, told DR Nyheder. “There are loads of Chinese companies that are owned by the Chinese communist state that we also have a normal relationship with. There are plenty of dictator states around ... Leggete
  • arlene Arlene Foster blames Sinn Féin as Northern Ireland talks stall - Arlene Foster, the first minister in Northern Ireland’s recently dissolved power-sharing government, has accused Sinn Féin of not wanting to secure a deal to restore a regional administration in Belfast. The Democratic Unionist party (DUP) leader said that during weekend negotiations Sinn Féin had behaved “as if they were the only participants whose mandate mattered”. As the clock ticked towards a 4pm Monday deadline on the Northern Ireland parties making an agreement to re-establish devolution, there appeared little likelihood that a deal was possible in the short term. The focus now shifts to the Northern Ireland secretary, James Brokenshire, who has to decide whether to hold a snap second assembly election or impose direct rule from London by which British ministers would run devolved government departments. Sinn Féin announced on ... Leggete
  • borisov Borissov’s GERB wins Bulgarian election, difficult coalition talks ahead - Former Bulgarian Prime Minister Boyko Borissov’s centre-right GERB party won 32.7% of the votes in the parliamentary election on Sunday (26 March), data from the central electoral commission showed today (27 March), with 78.9% of the ballots counted. The leftist Socialists (BSP) came in second with 26.8% of the vote, followed by the nationalist alliance United Patriots with 9.1%. A victory for the Socialists would have raised the prospect of the NATO member of 7.4 million people in south-eastern Europe tilting closer to Russia. Two more political parties will enter the Balkan country’s next parliament – the ethnic Turkish “Movement for rights and Freedoms” (DPS) with 8.4% and the populist “Volya” (Will) party with 4.1%. Its leader Veselin Mareshki, sometimes called the Bulgarian Donald Trump, has promised to turn politics ... Leggete
  • may May to pledge more power to Scotland in bid to derail second vote - Scotland will be offered more powers by the prime minister in a bid to dampen calls for Scottish independence. Theresa May will pledge to give more power to Scotland and assure it that Europe will remain the ‘closest friend and ally’ to the whole of Britain, according to The Times. May (pictured) is due to hold her first face to face meeting with Nicola Sturgeon since the Scottish first minister announced her plan to call a second independence referendum. The paper quoted Downing Street sources as saying they hoped for a ‘constructive’ meeting. It said May is expected to claim her Brexit plan will create a ‘more united nation’. ‘In Scotland, Wales and Northern Ireland that means fully respecting, indeed strengthening, the devolution settlements, but never allowing the Union to become looser ... Leggete
  • echos Les banques se ruent au guichet de la BCE pour emprunter à taux négatif - C’est la dernière fois que les banques se voient proposer des prêts à 4 ans à des taux de -0,4 %. Une mesure phare de la lutte contre la déflation dans la zone euro. C’était l’une des mesures emblématiques du dispositif anti-déflation de la Banque centrale européenne (BCE). Les prêts de très longue durée à taux très avantageux accordés aux banques qui s’engagent à faire crédit à l’économie (ou « TLTRO » dans le jargon monétaire). Ce dispositif a démarré, dans sa première mouture, en septembre 2014. Il prend fin ce jeudi. Pour cette dernière opération, les établissements bancaires ont emprunté 233,5 milliards d’euros au guichet de la BCE. Un montant deux fois plus élevé que prévu… Lisez la suite sur : Les Echos, Mars 2017
  • gu Europe poised for total ban on bee-harming pesticides - The world’s most widely used insecticides would be banned from all fields across Europe under draft regulations from the European commission, seen by the Guardian. The documents are the first indication that the powerful commission wants a complete ban and cite “high acute risks to bees”. A ban could be in place this year if the proposals are approved by a majority of EU member states. Bees and other pollinators are vital for many food crops but have been declining for decades due to habitat loss, disease and pesticide use. The insecticides, called neonicotinoids, have been in use for over 20 years and have been linked to serious harm in bees. A fierce battle has been fought between environmental campaigners and farming and pesticides groups. The latter argue the insecticides ... Leggete
  • Extraordinary joint meeting of the Conference of Presidents and the Bureau -  Celebrations of the 60th anniversary of the signing of the Treaties of Rome. 
60th Anniversary of the Treaty of Rome From Bratislava to Rome: Little more than a show of unity - With the ceremonial signing of the Rome Declaration on Saturday (25 March), the so-called Bratislava process designed to rethink the EU after the shocking Brexit vote last year has come to an end. The result is a fragile display of unity, with simmering tensions and deep divisions on policies among the member states. Last September, the EU-27 held their first soul-searching meeting in Bratislava in an effort to reconnect with citizens and make the bloc more responsive to their needs and concerns. Migration, strengthening the EU’s external borders, deeper defence cooperation, and the need to reinforce the European economy after the bruising eurocrisis and subsequent austerity measures emerged as key points of agreement. The common objectives were designed to allow the bloc to “rebuild a sense of political community”, European ... Leggete
  • irish3 France outpaces Germany in economic activity - The euro area’s unexpectedly upbeat economic data on Tuesday might have come with more than one positive message. A gauge for economic activity rose to the highest level in almost six years in February, following previous signals that the region’s frail recovery is finally taking shape. National gauges showed France outpacing Germany for the first time since 2012, a development that could signal growth in the 19-nation region is becoming more broad-based. “France’s revival represents a much-needed broadening out of the region’s recovery and bodes well for the euro zone’s upturn to become more self-sustaining,” said Chris Williamson, chief business economist at IHS Markit. A composite Purchasing Managers’ Index for the euro area climbed to 56.0 from 54.4 in January, putting the region on track for quarterly growth of 0.6 ... Leggete
  • irish2 German Ifo business morale brightens unexpectedly in March - German business morale brightened unexpectedly in March, a survey showed on Monday, suggesting company executives in Europe’s largest economy are brushing off concerns about the threat of rising protectionism. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 112.3 from an upwardly revised reading of 111.1 in February. This was the highest reading since July 2011 and it came in stronger than a Reuters consensus forecast for 111.0. “The upswing in the German economy is gaining impetus,” Ifo chief Clemens Fuest said in a statement, adding that the upwards trend in assessments of the current business situation continued unabated and the business outlook also improved. The rise in the headline figure was driven by improved sentiment in the ... Leggete
  • hongkong Newly elected Hong Kong leader Carrie Lam vows to unite sharply divided city - Carrie Lam Cheng Yuet-ngor was elected as Hong Kong’s first ­female leader on Sunday, promising to unite a divided city with a more inclusive style of governance and appealing for the chance to start a new chapter. The former No 2 official, who secured 777 out of the 1,186 votes cast by the Election Committee tasked to pick the next chief executive, also vowed to find ways to improve relations between the executive and the legislature. However, opposition politicians remained sceptical, given her non-committal response to their demands for universal suffrage. They also pointed out that she was picked by a small-circle electorate despite being eclipsed in the popularity stakes by John Tsang Chun-wah, who finished a distant secondwith 365 votes. The third candidate, retired judge Woo Kwok-hing, managed only ... Leggete
  • bloom Dollar, Equities Drop on Doubts Trump Can Deliver: Markets Wrap - The dollar extended its decline and stocks fell as investor doubts grew that U.S. President Donald Trump will be able to implement his economic agenda. Gold advanced and industrial commodities dropped. The greenback was on the verge of erasing the rally spurred by Trump’s election victory, falling against all of its Group of 10 peers after the president and Republican legislators failed to proceed with health-care reform Friday. U.S. equity index futures suggested stocks would retreat for the seventh time in eight days, while European shares slumped. Oil slipped and iron ore futures paced losses in raw materials, while havens including the yen and bonds climbed. Trump’s inability to push through his flagship health-care bill has derailed investor hopes that his pro-business agenda — featuring tax cuts and regulatory changes — will enjoy ... Leggete
  • irish Brexit: everything you need to know about Article 50 - One of the biggest events in Britain’s postwar history is at hand, as Theresa May notifies the EU of the UK’s plans to withdraw. Both the British government and its critics agree that after the prime minister’s activation of the Article 50 divorce clause in the EU treaty, scheduled for Wednesday, there is no way back. At stake are not just the country’s ties with its European neighbours — the largest trading bloc in the world — but its economic relations with many other states. All sides of the debate agree that Brexit will shape what kind of country the UK becomes once it ends more than four decades of EU membership. The country’s prospects will in large part depend on the 262 words of Article 50. What is Article ... Leggete
  • scmp2 China, New Zealand agree to develop ‘most advanced’ trade ties - China and New Zealand ramped up their cooperation on Monday, pledging to expand their existing free trade agreement into what visiting Premier Li Keqiang called China’s “most advanced” with a developed country. The two governments also promised to work together on a Chinese trade and business expansion strategy that Beijing calls “One Belt, One Road”. Li signed nine pacts with New Zealand Prime Minister Bill English, who said talks to upgrade their free trade agreement, in effect since 2008, would begin on April 25. The upgrade would produce an arrangement of the most advanced level between the nations and the first of its kind between China and a developed country, Li said in Wellington. New Zealand ‘won’t choose sides’ between US and China on trade In a column published on ... Leggete
  • scmp What a stronger Modi means for China - Dai Bingguo, former State Councillor and China’s special representative for border talks with India, said in an interview this month that a final settlement was within grasp. “After more than 30 years of negotiations, China and India are now standing in front of the gate towards a final settlement of their boundary question. Now, the Indian side holds the key to the gate,” Dai told a Beijing publication. That gate could well have just opened in Uttar Pradesh. Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) swept to power in India’s most populous state with a thumping majority last week. With that, it is on course to form governments in four of the five states that went to polls recently. Can India’s IT sector thrive in world of Uber and ... Leggete
  • space-conquest The Conquest of space and multipolarity – Shooting Star Wars - . $100 billion: the potential market for rare earths in outer space. . 680,000: the number of asteroids identified in the solar system. . $500,000: the price offered by Elon Musk for a round trip to Mars. This is what Capital newspaper says in its article named: “They already do business on the Moon … or almost![1]” In 1967 the United States, Russia, India, Great Britain, France, Germany, Italy (which launched its first satellite in 1964! [2]), and many other states from Europe and the world signed the Outer Space Treaty[3]. This fundamental act states that outer space belongs to all mankind and that no state can appropriate its resources. Two years later, the first man walked on the Moon and ever since nothing has stopped the expansionism of the ... Leggete
  • dedollarization Deflation and real economy in the United States: the black hole - This report appeared initially in the GEAB Bulletin No 102 / Febr 2016. The systemic crisis is spreading much faster in the real economy than in 2008-2009. This low dormancy is a sign that the economic protection dikes are severely lowered, the synergies are broken and the common strategies of global resilience have vanished. Within this statistical fog, not even fully lifted yet, our team needs once more to assess the health of the real economy, particularly in the United States. Measuring the real economy The irretrievable loss of confidence in the US dollar which we have constantly documented month after month for ten years now, and the currency war, soon in full swing with a risk of cascading devaluations, finally show the aberration to measure the economy with this ... Leggete
  • eurocrisis September 2017. Euro crisis: The ECB loses its independence - The post-Brexit Europe does not need the extreme right-wings, it is already lining up with the national-European model proposed by the British. The antagonism between European and national levels, which has dramatically increased within the crisis, due to a lack of democratic anchoring at the European level, has led in just 6 months to a complete takeover of the European institutions by the Member States. The problem is that the failure of the community method results a “might makes right” system: when it comes to economic and monetary matters, Germany, for whom it’s more than it can handle. We anticipate that the very independent ECB – the last bulwark of resistance to this trend – will soon be taken away. On June 23, 2016 the decision of the British to ... Leggete
  • modi trump Multipolar World, 2022: India’s power strategy via Washington - In view of China’s demographic being overtaken by India by 2022, India will use the structuring rivalry of the new world order emerging between the United States and China to advance its own interests, by operating a tactical rapprochement with Washington. This new partnership will be part of a struggle against Chinese trade surpluses and India’s determination to become a world power. From then on, India led by a Narendra Modi more solidly anchored than ever in power, could especially play its card more strongly than the United States. The India of Narendra Modi could play a major role in the new world order that is trying to build the new US president Donald Trump. The latter has a strategy that resonates with the interests of the New Delhi government… ... Leggete
  • euobss Greek bailout talks to ‘intensify’ - Greece and its creditors decided on Monday (20 March) to “intensify” talks to agree on reforms needed to unblock a new tranche of financial aid, amid concerns over the country’s economic situation. The talks will take place in Brussels this week. They will involve representatives from the creditor institutions – the European Commission, the European Central Bank, the European Stability Mechanism (ESM) and the International Monetary Fund (IMF) – and from the Greek government, including finance minister Euclid Tsakalotos. Talks could last two or three days, according to a source that will be involved, who added that “the number of issues is not so big that we need longer than that”. The conclusion, agreed in 2015, of the second review of the bailout programme, has been blocked for several months. ... Leggete
  • london Post-Brexit: European schemes of dismemberment of the City of London - The tiny financial centres of the Eurozone have been rubbing their hands since the British chose to leave the EU, positioning themselves in order to recuperate significant market shares of the City’s activity. A recent study made by the Brussels think-tank Bruegel proposes two scenarios of possible gains for a number of financial centres, depending on whether the EU27 succeeds in integrating a network of European financial centres or results in a fragmentation of the European financial market. The financial centres identified as likely to get a share from London’s financial activity are mainly Frankfurt, Paris, Dublin and Amsterdam. Of the 30% of the European market that technically must get a share of the continental places, . in the event of a fragmentation, Frankfurt could share 45% with Paris (20%), ... Leggete
  • trump Donald Trump’s US Strategy - The long-term strategy can only be understood by returning to its nationalist objective, summarised by the slogan “America First,” hammered three times during the inauguration speech of January 20, 2017. This desire to defend the interests of the United States first, again expresses the idea, often put forward in the election campaign by Donald Trump, of an American decline linked to its dependence on foreign countries. The United States has become weak because they borrow too much from overseas, because they import too much from abroad, in particular goods that they can no longer produce themselves, and because they over-use their military power for the benefit of the other countries. The United States is enriching the rest of the world by impoverishing itself. Donald Trump has consistently criticised the “billions ... Leggete
  • Turkish President Tayyip Erdogan arrives for a meeting in Istanbul, Turkey, March 5, 2017. Murat Cetinmuhurdar/Presidential Palace/Handout via REUTERS Turkey-EU relations plumb new depths - Turkey’s quarrel with the EU escalated on all fronts over the weekend, with fresh “Nazi” insults, “terrorism” accusations, and death penalty and migrant threats. The Turkish leader, Recep Tayyip Erdogan, personally accused German chancellor Angela Merkel of being a Nazi at a rally in Istanbul on Sunday (19 March). “You are right now employing Nazi measures. Against who? My Turkish brother citizens in Germany and brother ministers,” he said. He accused Germany of backing the Kurdish separatist PKK group, which both the EU and Turkey have designated as a terrorist entity, saying “the masked ball is over” on Turkey-EU relations. He also accused Deniz Yucel, a Turkish-German journalist, of being a Kurdish “terror agent”. Yucel was working for Germany’s Die Welt newspaper in Turkey until his arrest last month after ... Leggete
  • Dutch Prime Minister Mark Rutte of the VVD Liberal party appears before his supporters in The Hague, Netherlands, March 15, 2017.  REUTERS/Yves Herman      TPX IMAGES OF THE DAY PM Rutte wins Dutch election, Wilders contained - Dutch prime minister Mark Rutte’s centre-right Liberal party remains the largest political party in the Netherlands, after lower house elections on Wednesday (15 March). The Party for Freedom (PVV) of anti-EU MP Geert Wilders gained five seats, as of Thursday morning with 95 percent of the votes counted. Wilders ended up in second place with 20 seats out of 150, a less triumphant victory than in the 2010 elections, when his party won 24 seats. Rutte said following the UK’s decision to leave the EU, and the US election of Donald Trump, that the Netherlands had said “stop” against “the wrong type of populism”. “The message that we want to continue the course the coming years, to keep this country safe, stable and wealthy, has been heard,” he said, adding ... Leggete
  • Germany could file WTO suit against U.S. over border tax - BERLIN, March 17 (Reuters) – Germany could file a suit against the United States at the World Trade Organization over President Donald Trump’s proposed border tax, the economy minister said on Friday ahead of a meeting between Chancellor Angela Merkel and Trump later in the day. Trump has warned that the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. Asked how Germany would react to the proposed tax, Economy Minister Brigitte Zypries told Deutschlandfunk radio it was very difficult because of the complexities of such a tax system. “The other option is that we file a suit against him at the WTO – there are procedures laid ... Leggete
  • bloom Trump Wiretap Claims Rejected by Senate Intelligence Chiefs - The top Republican and Democrat on the Senate Intelligence Committee said there’s no evidence that any surveillance was conducted at Trump Tower in New York City, contradicting President Donald Trump’s claim. “Based on the information available to us, we see no indications that Trump Tower was the subject of surveillance by any element of the United States government either before or after Election Day 2016,” the panel’s chairman, Richard Burr of North Carolina, and vice chairman, Mark Warner of Virginia, said in a joint statement Thursday. Trump initially said on Twitter that his phones at Trump Tower were “wire tapped” by former President Barack Obama during the campaign. Trump walked that claim back on Wednesday, telling Fox News that “‘Wiretap’ covers a lot of different things.” He also suggested that ... Leggete
  • eb Gazprom reaches provisional gas deal with EU - The provisional deal reached between Russian gas giant Gazprom and the EU Monday will enable the free flow of gas in Central and Eastern Europe at competitive prices, says the Commission. The EU executive is now inviting comments from interested parties on the commitments submitted by Gazprom to address the Commission’s competition concerns as regards gas markets in Central and Eastern Europe. Competition Commissioner Margrethe Vestager welcomed Gazprom’s commitments, saying they “address our competition concerns and provide a forward looking solution in line with EU rules.” She said they would “help to better integrate gas markets in the region. This matters to millions of Europeans that rely on gas to heat their homes and fuel their businesses.” … Read more : EUBusiness, 13.03.2017
  • israel Israël lance des bombardements en Syrie, Damas échoue dans sa riposte - Des raids aériens israéliens ont été lancés dans la nuit du vendredi 17 mars 2017 en Syrie. Plusieurs cibles ont été visées. En représailles, trois missiles ont été tirés depuis le territoire administré par le régime de Damas. Ils n’ont pas fait de dégât. Cet accrochage est le plus sérieux entre les deux pays, toujours officiellement en guerre depuis le début du conflit civil syrien, il y a six ans. Avec notre correspondant à Jérusalem,  Guilhem Delteil Depuis six ans, l’armée israélienne scrute attentivement l’évolution de la situation en Syrie. Le régime de Bachar el-Assad est soutenu par le grand ennemi d’Israël : le Hezbollah. Et le gouvernement israélien s’inquiète de voir le mouvement libanais renforcé par ce conflit. A plusieurs reprises, des positions du régime syrien et des convois d’armes ... Leggete
  • alj Israel carries out air strikes inside Syria - The Israeli army says its aircraft have carried out several strikes inside Syria overnight, prompting Syrian forces to retaliate with ground-to-air missiles, one of which was intercepted. It was one of the most serious incidents between the two countries, which remain technically at war, since civil war broke out in Syria in March 2011. In response of Thursday night’s attack, the Syrian government deployed air defence systems and fired a number of missiles towards Israeli jets, Israeli daily Haaretz reported. None of the missiles struck the jets, the army said, though one of the projectiles was intercepted by Israel’s Arrow missile defence system north of Jerusalem, according to Haaretz. “Overnight … aircraft targeted several targets in Syria,” an Israeli army statement said. “Several anti-aircraft missiles were launched from Syria following ... Leggete
  • Oil pump jacks are seen next to a strawberry field in Oxnard, California February 24, 2015. REUTERS/Lucy Nicholson Légère baisse du pétrole à New York, les Saoudiens au centre du jeu - Les cours du pétrole ont terminé en légère baisse jeudi, résistant à une rechute plus marquée grâce à des commentaires jugés encourageants de l’Arabie saoudite. Le baril de “light sweet crude” (WTI), référence américaine du brut, a perdu 11 cents à 48,75 dollars sur le contrat pour livraison en avril au New York Mercantile Exchange (Nymex). A Londres, le cours du baril de Brent de la mer du Nord a concédé 7 cents à 51,74 dollars sur le contrat pour livraison en mai à l’Intercontinental Exchange (ICE). Les prix baissaient plus nettement en cours de séance “quand ils ont reçu le soutien de déclarations du ministre saoudien de l’Energie se disant prêt à agir si les stocks restaient plus élevés que la normale”, a rapporté John Kilduff, de Again Capital. ... Leggete
  • bloom Trump Plans Historic Cuts Across Government to Fund Defense - President Donald Trump is proposing historically deep budget cuts that would touch almost every federal agency and program and dramatically reorder government priorities to boost defense and security spending, although it’s likely to face a fight in Congress. The president’s fiscal 2018 budget request, which will be formally delivered Thursday to U.S. lawmakers, would slash or eliminate many of the Great Society programs that Republicans have for decades tried to peel back while showering the Pentagon and Department of Homeland Security with new resources. House Speaker Paul Ryan said in a statement Thursday he welcomed the Trump blueprint because it “turns the page from the last eight years” of President Barack Obama, though he did not go as far as endorsing specific, individual department reductions. Senate Minority Leader Chuck Schumer ... Leggete
  • saudi Oil Erases Losses, API Said to Report U.S. Crude Stockpile Drop - Oil erased losses after an industry report was said to show U.S. crude stockpiles unexpectedly fell last week. Inventories declined by 531,000 barrels last week, according to an American Petroleum Institute report Tuesday, people familiar with the data said. Analysts surveyed by Bloomberg said stockpiles probably increased by 3.13 million barrels last week ahead of an Energy Information Administration report on Wednesday. A draw in crude inventories would be the first decline since December when compared with EIA data. Saudi Arabia raised its production back above 10 million barrels a day, yet OPEC’s largest producer was said to have put its extra February oil output into domestic storage. Oil broke below the $50-a-barrel level last week for the first time since December as rising U.S. crude inventories and output counteracted reductions ... Leggete
  • Erdogan Invokes Srebrenica Massacre as Dutch Crisis Deepens - Turkish President Recep Tayyip Erdogan sharply escalated a diplomatic confrontation with the Netherlands, blaming the nation’s “corrupt” character for the 1995 massacre of thousands of Bosnians under the watch of a Dutch contingent of peacekeepers. “We know the Dutch from the Srebrenica massacre. We know how their character is corrupt from the massacre of 8,000 Bosnians,” Erdogan said on Tuesday in a televised speech in Ankara. He spoke a day after Turkey announced it would bar the Dutch ambassador from re-entering the country in retaliation for the Netherlands’ decision to deny entry to Turkish ministers campaigning to expand Erdogan’s powers. The Srebrenica massacre — acknowledged by the United Nations as the deadliest such crime on European soil since the organization’s founding at the end of World War II — was ... Leggete
  • eubusiness2 Tusk re-elected EU president despite Polish objection - European leaders at a summit in Brussels Thursday re-elected Donald Tusk as European Council president, despite angry objection from the eurosceptic right-wing government of his home country Poland. An emotional Mr Tusk, re-elected by nearly all Member States of the EU, said he would “continue to work for a better and more united Europe with all Member States, without exception.” The Polish government said it did not want to deal with Mr Tusk, who was Poland’s prime minister for 7 years, but it was left out on a limb when it tried to find support to block Mr Tusk’s re-election. Mr Tusk, who has been appointed for a second term of two and a half years, till 30 November 2019, is the second full-time President of the European Council, following ... Leggete
  • Turkey bans Dutch ambassador as diplomatic crisis escalates - Turkey has suspended high-level political contacts with the Netherlands and threatened to re-evaluate a key deal to halt the flow of migrants to Europe in a dramatic escalation of its diplomatic row with EU member states. Numan Kurtulmuş, a deputy prime minister and chief government spokesman, said on Monday that the Dutch ambassador, who is on leave, would not be allowed to return in response to a ban on Turkish ministers speaking at rallies in the Netherlands. Turkey would also close its airspace to Dutch diplomats, Kursulmuş said, adding: “There is a crisis and a very deep one. We didn’t create this crisis or bring to this stage … Those creating this crisis are responsible for fixing it.” The spokesman’s remarks came hours after President Recep Tayyip Erdoğandefied pleas from ... Leggete
  • Traders joke around on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 10, 2017. REUTERS/Brendan McDermid Wall Street on hold before U.S. rate decision; oil at three-month lows - Major U.S. stock indexes paused on Monday as investors braced for a potential U.S. interest rate hike by the Federal Reserve later in the week, while oil prices hovered near three-month lows. The dollar steadied against a basket of currencies after touching a two-week low. Friday’s strong U.S. employment report solidified a view among Wall Street’s top banks that the Federal Reserve will boost interest rates when its policymakers meet this week. With a rate hike widely expected, market watchers will be looking for signals about the pace of future increases. “Other than the Fed on Wednesday, I don’t see anything going on to make any decisions on,” said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont. The Dow Jones Industrial Average fell 21.5 points, or ... Leggete
  • gu BJP landslide in Uttar Pradesh a boost for India prime minister Narendra Modi - India’s ruling Bharatiya Janata party (BJP) has won control of the country’s most populous and influential state by an unexpectedly large margin, cementing Narendra Modi’s dominance of Indian politics and putting the prime minister on track for re-election in 2019. Final results released by the Indian election commission on Saturday showed the BJP had won 311 of 403 seats in Uttar Pradesh, enough to form a rare majority government in the north Indian state of 220 million people. Its chief rival, a coalition between the Congress and the incumbent Samajwadi party, had won just 54 seats and was leading in one more. As the scale of the victory became clear, Modi tweeted that he was overjoyed his party had “received unprecedented support from all sections of society”… Read more : The ... Leggete
  • eubusiness EU defence ministers agree joint military HQ - EU foreign affairs and defence ministers agreed Monday to establish joint military headquarters for the planning and conduct of non-executive military missions initially in Somalia, Central Africa and Mali. The Council’s conclusions set out progress achieved in implementing the EU global strategy in the area of security and defence. The conclusions assess what has been done to implement the various lines of action agreed by the European Council on 15 December 2016. They form the basis of a report for the European Council of 9 and 10 March 2017. “EU foreign and defence ministers meeting jointly today all gave a very clear message: we are progressing steadily towards strengthened defence cooperation and we will continue to do more,” said the EU’s High Representative for Foreign Affairs and Security Policy Federica ... Leggete
  • china China calls for stop to North Korea missile tests and US-South Korean military drills - Amid growing tension in the Korean peninsula, China proposed on Wednesday that North Korea could suspend its nuclear and missile activities in exchange for a halt of the military drills held by the US and South Korea. This could be a first step to prevent a “head-on collision,” Foreign Minister Wang Yi said. “The two sides are like two accelerating trains coming toward each other with neither side willing to give way,” Wang told reporters. “Our priority now is to flash the red light and apply the brakes on both trains.” “This ‘suspension for suspension’ can help us break out of the security dilemma and bring the parties back to the negotiating table,” he said. Pyongyang shot four ballistic missiles towards US bases stationed in Japan on Monday, with all four ... Leggete
  • logo Wikileaks :’Cyberwar’ programs are a serious proliferation risk - Today, Tuesday 7 March 2017, WikiLeaks begins its new series of leaks on the U.S. Central Intelligence Agency. Code-named “Vault 7” by WikiLeaks, it is the largest ever publication of confidential documents on the agency. The first full part of the series, “Year Zero”, comprises 8,761 documents and files from an isolated, high-security network situated inside the CIA’s Center for Cyber Intelligence in Langley, Virgina. It follows an introductory disclosure last month of CIA targeting French political parties and candidates in the lead up to the 2012 presidential election… Read more : Wikileaks, 07.03.2017
  • bs May and Kenny to discuss Northern Ireland at summit - The leaders of the United Kingdom and Ireland will discuss the Northern Ireland election results at Thursday’s EU summit in Brussels, they announced on Sunday (5 March). UK prime minister Theresa May and taoiseach Enda Kenny spoke on the phone about “their shared commitment to work with the parties to move forward and create a stable administration which ensures a strong, peaceful and prosperous Northern Ireland”. Over the weekend, the election results showed that most people in Northern Ireland still vote sectarian. “Some day Northern Ireland will vote as a normal democracy,” said Mike Nesbitt, who stepped down as leader of the Ulster Unionist Party after his party’s poor showing at Thursday’s elections for Northern Ireland’s local assembly. “We will vote in a post-sectarian election, but it’s now clear it ... Leggete
  • cnbc India’s oil boom: Growing into role as No. 1 in global demand - India is moving into position to be the biggest driver of global oil demand growth, and it is seeking new investment in its own energy industry. India’s energy minister announced a new round of bidding for upstream and downstream investments on Monday. “We want to increase our production. We want to invite investment,” said Shri Dharmendra Pradhan, the country’s minister of petroleum and natural gas, speaking at the annual CERAWeek conference in Houston. “I must tell you there was never a better time to be in India. I encourage both existing and new players to come forward and avail the opportunity,” he said in prepared remarks. Just before the minister addressed media, Fatih Birol, International Energy Agency executive director, told reporters that India and China would be responsible for about ... Leggete
  • euobs Hollande: EU will be multi-speed or will ‘explode’ - A multi-speed Europe, where some countries integrate more than others, is necessary to avoid the bloc “exploding”, the French president has said ahead of a meeting of four countries to prepare plans. “Europe at 27 cannot be anymore the uniform Europe at 27,” Francois Hollande said in an interview with six European newspapers published on Monday (6 March). “For a long time, this idea of a differentiated Europe, with different speeds and distinct paces to progress, has provoked a lot of resistance. But today this idea is necessary. Otherwise Europe explodes,” he said. Hollande gave interviews to France’s Le Monde, Germany’s Sueddeutsche Zeitung, Italy’s La Stampa, Spain’s La Vanguardia, Poland’s Gazeta Wyborcza and Britain’s The Guardian. The interviews were held ahead of a meeting in Versailles on Monday between France, ... Leggete
  • chinadaily Seoul should stop dancing to wrong tune of THAAD - The Republic of Korea’s defense ministry signed a land swap deal with Lotte Group on Tuesday to deploy the Terminal High Altitude Area Defense anti-missile system in the country, which China and Russia believe will further compromise regional security. Reports say THAAD could be installed as early as June, before the ROK elects a new president. That THAAD’s deployment will escalate tensions on the already tense Korean Peninsula is a foregone conclusion. The missile interceptor, which is to be deployed at the forefront of the United States’ anti-missile system in West Pacific, not only makes the ROK an expendable chess piece in Washington’s “rebalancing to Asia” game, but could also trigger a new “cold war” in Northeast Asia where distrust already prevails. On Thursday, China’s Ministry of Commerce spokesman Sun ... Leggete
  • dw Former journalist Juan Thompson arrested on suspicion of threatening Jewish centers - A former journalist has been arrested in relation to threats to Jewish centers across the US. There have been more than 100 bomb threats against US Jewish organizations since the start of the year. A former journalist was arrested in St. Louis by the Federal Bureau of Investigation Friday over bomb threats to Jewish organizations across the US in an attempt to frame an ex-girlfriend. The arrested man, Juan Thompson, was charged with cyberstalking and appeared in federal court. His lawyer did not comment on the case. Thompson started making threats on January 28 according to a criminal complaint. In the complaint, an email account that was made to appear it came from his ex-girlfriend threatened the Jewish History Museum in New York City (pictured above), saying Thompson “put two ... Leggete
  • alj Iraq says 14,000 people fled western Mosul in one day - A rapidly increasing flow of people is pouring out of western Mosul, fleeing fierce battles between Iraqi security forces and ISIL fighters, as medical workers warned that women and children have been exposed to toxic gas near the city. Iraq’s interior ministry said on Friday that 14,000 people fled the northern Iraqi city on Thursday alone, the largest wave of internally displaced people (IDPs) since a US-backed operation in west Mosul was launched on February 19. The total number of IDPs who fled western Mosul since the start of the military push has reached 46,000, the ministry said. The announcement followed a previous statement by the United Nations warning that around 4,000 civilians were fleeing the city, ISIL’s last major urban stronghold in Iraq, each day. Al Jazeera’s Stefanie Dekker, reporting ... Leggete
  • Peugeot-Citroen strikes deal with GM to buy Vauxhall-Opel - The French company that owns Peugeot and Citroen has struck a deal to buy General Motors’ (GM) European unit, including the Opel and Vauxhall brands. PSA is on its way to becoming Europe’s second-largest carmaker. Ahead of a press conference in Paris on Monday, French carmaker PSA announced the acquisition of General Motors’ (GM) European subsidiary, which includes the Opel and Vauxhall brands, for 1.3 billion euros ($1.38 billion). PSA said in a statement it was also buying GM Europe’s financial operations for 900 million euros in a joint deal with bank BNP Paribas. With GM’s Opel and Vauxhall operations, PSA would become Europe’s second-largest carmaker behind Volkswagen, but overtaking Renault-Nissan. The takeover includes six assembly plants and five component-making facilities and some 40,000 employees. PSA CEO Carlos Tavares said the firm was ... Leggete
  • globalisation Globalisation’s not dead, it just has a new powerhouse – Asia - The so-called anti-globalisation wave has become one of the most popular themes for panel discussions, articles, television programmes and the like. Don’t take it too seriously. Globalisation cannot be stopped. No matter what particular political leaders say and anti-immigration proponents take to the streets to demand, interdependence is growing. The volumes of goods, services and capital crossing borders continue to increase, and so do the numbers of people working outside their home countries. What we are really witnessing is not the halt of globalisation, but the rise of anti-globalisation sentiments that translate into policies negatively influencing international macroeconomic activities as well as everyday lives. But globalisation goes on, just changing its forms, channels and leading actors. Anti-globalisation sentiments are spreading in America and Europe, but definitely not in Asia, the ... Leggete
  • cliff US Isolation: When global finance turns away from the dollar system, it means the cliff is near - The United States has been voluntarily isolating itself from the rest of the world, and not just from a geopolitical point of view. This terrible isolation can only get worse, whatever the result of the presidential election: if Trump wins, it will be due to a lack of foreign policy; in the case of Clinton, her iron-fist will have a word. Another domain, namely finance, which has so far been spared, is being added to this political dimension; something which has always been at the centre of America’s power in the world. No wonder this happens at the very moment the US can no longer hold itself. The Deutsche Bank case: a very useful scarecrow  When in trouble, the US always uses the same method, which consists of hiding its ... Leggete
  • erdogan Erdogan says Yucel was a PKK plant with German support - President Recep Tayyip Erdogan has accused an arrested newspaper reporter of being a “German agent.” Multiple German cities have banned rallies of support for Erdogan’s presidential referendum. As the spat between Ankara and Berlin becomes increasingly angry, President Recep Tayyip Erdogan called Deniz Yucel, a Die Welt reporter with dual nationality, a “German agent” and a member of the Kurdistan Workers’ Party (PKK). “This person hid in the German embassy as a member of the PKK and a German agent for one month,” Erdogan told an awards ceremony in Istanbul on Friday. Turkey has charged Yucel with propaganda in support of a terrorist organization. Authorities say he spread propaganda for both the banned PKK and the movement of exiled cleric Fethullah Gulen, whom Erdogan has accused of masterminding a military coup in ... Leggete