Revue de Presse

Global Systemic Crisis

  • nato Nato hit by Turkish veto on Austria partnership - Turkey has vetoed Nato’s co-operation with Austria, a move which had blocked the alliance’s partnership activities with 41 countries. As a result, Nato members recently agreed to change its procedures, allowing partnerships to go ahead on a country-by-country basis. Austria is not in Nato, but co-operates closely with it and has more than 400 troops serving in Kosovo. Turkey is angry with Austria for trying to block its bid to join the EU. It has the second-largest military in Nato, after the United States. Austria has condemned the Turkish action, calling it “irresponsible”. A well-informed source told the BBC that heightened tensions between Turkey and Austria had essentially blocked Nato co-operation with the government in Vienna for the past year. The veto originally affected all the Western alliance’s partnership activities, ... Lire
  • arctic Arctic stronghold of world’s seeds flooded after permafrost melts - It was designed as an impregnable deep-freeze to protect the world’s most precious seeds from any global disaster and ensure humanity’s food supply forever. But the Global Seed Vault, buried in a mountain deep inside the Arctic circle, has been breached after global warming produced extraordinary temperatures over the winter, sending meltwater gushing into the entrance tunnel. The vault is on the Norwegian island of Spitsbergen and contains almost a million packets of seeds, each a variety of an important food crop. When it was opened in 2008, the deep permafrost through which the vault was sunk was expected to provide “failsafe” protection against “the challenge of natural or man-made disasters”. But soaring temperatures in the Arctic at the end of the world’s hottest ever recorded year led to melting ... Lire
  • bloom Move Over Tesla, Europe’s Building Its Own Battery Gigafactories - Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla Inc. is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities. German Chancellor Angela Merkel on Monday is scheduled to break ground at a 500 million-euro ($543 million) plant to assemble lithium-ion energy-storage units for Daimler AG, which produces Mercedes-Benz and Maybach luxury cars. The facility 130 kilometers (81 miles) south of Berlin highlights a push by both major automakers and power companies into energy storage. The technology is crucial to drive the next generation of green vehicles and to hold electricity from wind and solar farms for when it’s needed most. With two dominant industries moving in the same direction, the cost of batteries is ... Lire
  • scmp Ousted South Korean leader Park Geun-hye avoids eye contact with friend of 40 years at start of corruption trial - South Korea’s ousted president Park Geun-hye, grim-faced and brought to court in handcuffs, went on trial Tuesday over a sprawling corruption scandal that saw millions take to the streets and led to her downfall. Only two months after leaving the presidential palace in disgrace, Park appeared at the Seoul Central District Court with a badge bearing her prisoner number pinned to her blue trouser suit, and no make-up. She avoided meeting the glance of her long-time secret confidante and co-accused Choi Soon-sil. The trial, expected to last for months, is the final act in the drama that engulfed Park, the daughter of a dictator who went on to be elected president herself before being sacked by the country’s top court. Presiding judge Kim Se-yun, who heads a three-man panel – ... Lire
  • scmp With trillions of US dollars on the line, Hong Kong and London bid to become finance hub of China’s global trade strategy - Hong Kong and London have locked horns at a two-day high-level forum in Beijing over which city is best placed to act as the ­finance hub for China’s global trade and commerce strategy. At the first day of the Belt and Road Forum for International Cooperation, Hong Kong Chief Executive Leung Chun-ying ­insisted the city was “the preferred destination” for capital flows from the mainland. Leung cited the city’s status as the largest offshore settlement centre for yuan trade and its title as the world’s No 1 stock market for new listings in 2016… Read more : SCMP, 15.05.2017
  • guardian Iran: Hassan Rouhani wins landslide in huge victory for reformists - The Iranian president, Hassan Rouhani, has won a sweeping endorsement for efforts to end Iran’s international isolation and bring greater freedoms at home, with an unexpected landslide victory in a fiercely contested re-election bid. His powerful mandate protects the nuclear deal, which has been his landmark achievement to date, and his courting of foreign investment. It could also have much longer-term implications for Iran’s future, by giving reformists a greater influence over the looming battle to choose a new supreme leader. Polling stations were forced to stay open until midnight in parts of the country because so many Iranians wanted to vote, defying fears of voter apathy. Rouhani claimed 23.5 million votes, while his rival Ebrahim Raisi trailed on 15.8 million, after nearly three-quarters of the electorate cast their votes, ... Lire
  • eubs2 Austria heading for snap elections - The slender 30-year-old foreign minister, Sebastian Kurz, announced at a brief press conference on Sunday evening (14 May) that he had taken over the leadership of the Austrian People’s Party (OeVP), and was committed to snap elections in the autumn. After this, the prospect of a return to government for the far-right Freedom Party (FPOe) moved a concrete step closer. It is widely anticipated that early elections will be held after the summer and that the acrimonious break-up of the current coalition between the ruling Social Democrats (SPOe) and the OeVp removes the possibility of continued cooperation for the foreseeable future. Since none of the three front-runner parties will win enough votes to rule alone, the FPOe, led by Heinz-Christian Strache, is well-placed to play a governing role for the ... Lire
  • euobserver UK blocks blueprint for EU military HQ - The UK has blocked legal preparations for an EU military headquarters in the run-up to Brexit and national elections. Boris Johnson, its foreign minister, took the step at a meeting in Brussels on Monday (15 May) citing disagreements over “language”. “There’s a discussion still going on about some of the language there”, he said. “If they want to come together [on joint defence plans] … then, you know, we’re not going to stand in their way. We’re just working on some of the language to make sure that we get it totally right”. The new HQ is to be an office inside the EU foreign service in Brussels that would take charge of EU military training missions, such as the ones in Mali or Somalia, which are currently run out ... Lire
  • xi Xi Jinping rolls out global welcome mat for new Silk Road grand plan - Chinese President Xi Jinping has urged countries around the world to join an ambitious China-led revival of ancient trade routes, pledging at least US$113 billion in extra funding for the new Silk Road initiative. In his keynote speech to the Belt and Road Forum for International Cooperation in Beijing on Sunday, Xi promised free trade, openness and shared prosperity. He projected China as a willing driver of global trade and investment – a sharp contrast to the isolationist agenda in Washington and the growing fractures in the European Union. “We will build an open platform, defend and develop an open world economy, jointly create an environment good for opening-up and development, and push for a just, reasonable and transparent international trade and investment system so that production materials can circulate ... Lire
  • bloomb Saudis, Russia Favor Extending Oil Cuts Until End-March 2018 - Saudi Arabia and Russia said they favor prolonging oil-output cuts by global producers through the end of the first quarter of 2018, setting a firmer timeframe for a likely extension of the curbs into next year. Crude prices jumped. Extending the curbs at already agreed-upon volumes is needed to reach the goal of reducing global inventories to the 5-year average, the energy ministers of the world’s biggest oil producers said in a joint press conference in Beijing. They will present their position ahead of a meeting between OPEC and other nations that are part of the agreement later this month in Vienna. Russia and Saudi Arabia, the largest of the 24 nations that agreed to a deal to cut production for six months starting in January, are reaffirming their commitment to ... Lire
  • euobs Macron victory fires up German campaign - Next week, Angela Merkel will welcome the fourth French president of her chancellorship to Berlin. In Emmanuel Macron, she will meet the man who staved off the far-right threat and possibly saved the European Union from breaking apart, but also a man whose ambitious ideas for shaking up the eurozone are anathema to many in Germany, particularly in her conservative Christian Democratic Union (CDU) party. Macron’s resounding victory over the National Front candidate and arch eurosceptic, Marine Le Pen, last Sunday (7 May) was greeted with massive relief across the political spectrum in Berlin. But almost immediately, there were also the first voices of scepticism on the young politician’s proposals, including a common finance minister, a budget for the eurozone, and an investment program funded by a form of eurobonds. ... Lire
  • alj2 Iran’s presidential election puts populism to the test - As the Iranian presidential election campaign gets into full swing, sitting president Hassan Rouhani is facing two strong favourites from the clerical establishment. As with the first time he ran, in 2013, Rouhani, a “moderate”, is battling “hardline conservatives”, Judge Ebrahim Raisi (protegee of the Supreme Leader), and military heavyweight Mohammad Bagher Qalibaf, the current mayor of Tehran. They have also been called “Principalists” (the label they prefer), and, often in the West, “religious extremists” – Rouhani used the term in his first campaign in reference to his predecessor, Mahmoud Ahmadinejad. Today, another label has slipped in quietly to describe Rouhani’s rivals: Populists. However, unlike in the West, where populism has been used in relation to US President Donald Trump, French presidential candidate Marine Le Pen or Italian Beppe Grillo, ... Lire
  • South Korea election: Moon Jae-in declared winner - South Korea’s presidential election has been won by Moon Jae-in, a liberal who favors a more open policy toward North Korea. Moon, the Democratic Party’s candidate to replace ousted President Park Geun-hye, was declared the winner by the country’s National Election Commission. With 100% of the votes counted, Moon won with 41.08%, the commission said. According to the commission, 13,423,800 voters selected Moon Jae-in as their preference for President. Prior to the announcement, speaking to supporters Tuesday at a rally on Seoul’s historic Gwanghwamun Square — the site of mass protests that helped eject Park — Moon said he would be a “president for the people.” … Read more : CNN, 09.05.2017
  • dw EU court slams EU Commission for blocking anti-TTIP movement - The General Court of the European Union passed a ruling in support of public initiatives critical of EU legislation. The court said that movements like “Stop TTIP” could contribute to public debates on pressing issues. The ruling in the case of the citizens’ initiative “Stop TTIP” on Wednesday effectively annulled a previous decision made by the commission several years ago. In 2014, the EU’s executive arm blocked the registration of the citizens movements, which aim to prevent the conclusion of two major trade agreements between the EU and the US (TTIP) and with Canada (CETA). The bloc’s lower court ruled that “nothing justifies excluding legal acts from democratic debate” by “Stop TTIP” and added that the commission had been wrong to reject the initiative and its efforts as something outside the scope of citizens. The EU had argued ... Lire
  • china China is about to hold a giant meeting on spending billions to reshape the world - China’s CRRC ‘achieved success participating in the One Belt One Road initiative’: Chairman  Monday, 8 May 2017 | 8:59 PM ET | 03:50 China has rapidly climbed the ranks to become the world’s second-largest economy. Now, the most populous nation on the planet wants to increase its influence by digging further into its pockets — flush with cash after decades of rapid growth — to splash out with its “One Belt, One Road” policy. The initiative is meant to connect Asia, Europe, the Middle East and Africa to bolster trade and development. This weekend, hordes of foreign diplomats and business leaders are expected to descend on Beijing for a two-day meeting about the policy. What is “One Belt, One Road?” President Xi Jinping first announced the policy in 2013; it was ... Lire
  • alj Why are Palestinian prisoners on hunger strike? - When nearly 1,500 Palestinian prisoners declared an open hunger strike on April 17, protesting about unfair and degrading conditions in Israel jails, much of the US mainstream media ignored them. There was a single exception. The New York Times allowed the leader of the strike, a top Fatah leader, Marwan Barghouti, to share with a wider audience the reasons behind the strike. However, the backlash was instant. So-called Honest Reporting, a pro-Israel media watchdog whose tagline is, oddly enough “defending Israel from media bias”, summarised much of the outrage that resulted from the Times’ decision to allow Barghouti to share his and the grievances of 6,500 Palestinians in Israeli jails. Under the title “Marwan Barghouti: New York Times Sanitises a Terrorist”, the media monitoring platform ran a synopsis of many reactions ... Lire
  • cnbc US likely to expand airline laptop ban to Europe, officials say - The Trump administration is likely to expand a ban on laptops on commercial aircraft to include some European countries, but is reviewing how to ensure lithium batteries stored in luggage holds do not explode in midair, officials briefed on the matter said on Wednesday. Any expansion of the ban could impact U.S. carriers such as United Airlines, Delta Air Lines and American Airlines Group. Six U.S. and European officials said they expect the U.S. Department of Homeland Security (DHS) to make an announcement but declined to say when. In March, the U.S. announced laptop restrictions on flights originating from 10 airports including in the UAE, Saudi Arabia, Qatar and Turkey because of fears that a concealed bomb could be installed in electronic devices taken onto aircraft. Britain quickly followed suit ... Lire
  • euobs Where might Macron clash with Europe? - Despite the warm welcome from almost all corners of Europe, the new French president, Emmanuel Macron, made it clear during his presidential campaign that he wants to reform the EU, otherwise the rise of nationalists and populists will be unstoppable. Some of Macron’s ideas for reform might lead to clashes on the European political minefield – either with the EU, or with heavyweight capitals on the continent. Here are some of the potentially explosive issues: It’s the economy, stupid Macron will have to deal swiftly with the French budget, as the European Commission is rolling out its forecast for European economies on Thursday (11 May). France will likely miss the 2017 budgetary targets, and could be in danger of facing penalties. EU commission president Jean-Claude Juncker warned on Monday (8 ... Lire
  • medium 4 pistes pour que la France reprenne l’initiative sur l’Union européenne - Tiraillée par de fortes contradictions internes, l’UE vient de célébrer le 60e anniversaire du traité de Rome, ce qui a engendré un fort activisme diplomatique pour tenter de renforcer sa cohésion, sans réel résultat concret. Le nouveau président de la République prend ses fonctions dans un contexte de crise, marqué en outre par des doutes profonds de la part de ses partenaires sur le sérieux de l’engagement européen de la France. Celui-ci est pourtant au cœur de la politique étrangère française depuis 1957. En tant que pays fondateur et puissance de premier rang, la France pèse dans le débat européen. Elle est attendue par ses partenaires, qui lui reprochent néanmoins ses oscillations entre arrogance et désinvolture. Depuis l’élargissement des années 2000, Paris peine à formuler une politique européenne globale. Le ... Lire
  • bloom JPMorgan to Move Hundreds of Staff to Three EU Offices on Brexit - JPMorgan Chase & Co. plans to move hundreds of London-based bankers to expanded offices in Dublin, Frankfurt and Luxembourg to preserve easy access to the European Union’s single market after Brexit, the firm’s head of investment banking said. “We are going to use the three banks we already have in Europe as the anchors for our operations,” Daniel Pinto said in an interview Tuesday in Riyadh, referring to the New York-based firm’s local entities. “We will have to move hundreds of people in the short term to be ready for day one, when negotiations finish, and then we will look at the longer-term numbers.” Global banks are preparing to move some London-based operations into new or expanded bases inside the EU after British Prime Minister Theresa May began the formal ... Lire
  • Turkey to hold ‘Brexit-like’ vote, Erdogan says - Turkish leader Recep Tayyip Erdogan has repeated his threat to hold a referendum on breaking off EU accession talks. He issued the threat amid a series of anti-EU jibes while visiting India and Pakistan in a show of his ambition to make Turkey a leading power in the Islamic world. “After some time, Turkey will choose the next path of a Brexit-like referendum,” he told WION, an Indian TV station, in an interview broadcast on Sunday (1 May), referring to Britain’s vote, last year, to exit the EU. Asked when the EU referendum would take place, he said: “We have not decided yet. We will discuss it in parliament, and if need be, turn to the people”. He added: “The EU was never sincere or honest. Turkey is working [on ... Lire
  • bserver Deal on Greece paves way for debt relief talks - Greece and its international creditors have agreed a “technical deal” that allows them to move on to discussions about debt relief, finance minister Euclid Tsakalotos said on Tuesday (2 May). “The negotiations for a technical deal were concluded on all issues,” he said, adding that “the way has now been paved for debt relief talks”. The deal includes a promise by Greece to cut pensions and increase taxes, in exchange for permission to give rent subsidies and increase child support, a Greek government source told the Bloomberg news agency. Tuesday’s agreement between Greece and its lenders – the European Commission, the European Central Bank, the European Stability Mechanism, and the International Monetary Fund (IMF) – was needed before the two sides could discuss debt relief. The IMF says debt relief ... Lire
  • alj2 UN Peacekeepers: Keeping the peace or preventing it? - Last month’s Associated Press (AP) report on the estimated 2,000 allegations of sexual abuse and exploitation by peacekeepers and United Nations personnel around the world wasn’t precisely breaking news. Allegations of serious misconduct directed by peacekeeping troops have dogged the UN for years. But the AP report contained several testimonies from the victims of Sri Lankan peacekeepers, who sexually abused and raped children during the UN Stabilisation Mission in Haiti (MINUSTAH), and these searing testimonies once again highlighted the cost of impunity for sexual violence by UN personnel. Beyond a blemish on the reputation of the UN, these violations fuel a culture of violence that undermines the potential for sustainable peace. Within the organisation, sexual violence by peacekeepers is treated with condemnation and, at most, re-location. The UN has no ... Lire
  • timesof Trump, Abbas gear up for Washington meet Wednesday - US President Donald Trump will play peacemaker at the White House on Wednesday, meeting with Palestinian Authority President Mahmoud Abbas as part of an effort to end the long-running Palestinian-Israeli conflict.  After hosting Prime Minister Benjamin Netanyahu in February, the self-styled deal-maker-in-chief will host Abbas for the first time since coming to office. “The president’s ultimate goal is to establish peace in the region,” said White House press secretary Sean Spicer. That long-shot effort — which has eluded US presidents since the 1970s — got off to a rocky start early in Trump’s administration, when Trump appeared to walk away from the US’s longstanding commitment to Palestinian statehood and signaled the American embassy could be moved from Tel Aviv to Jerusalem… Read more : Times of Israel, 03.02.2017
  • FILE PHOTO: An airplane of Alitalia is seen at the Leonardo da Vinci-Fiumicino Airport in Rome, Italy, April 28, 2017. REUTERS/Tony Gentile/File Photo Alitalia kicks off bankruptcy proceedings, government grants loan - Alitalia filed to be put under special administration for the second time in less than a decade, starting a process that will lead to the loss-making Italian airline being overhauled, sold off or wound up. The company’s board took the formal decision on Tuesday after workers rejected its latest rescue plan last week, making it impossible for the airline to secure funds from shareholders to keep its aircraft flying. The government appointed three commissioners to assess whether Alitalia can be restructured, either as a standalone company or through a partial or total sale, or else liquidated. Rome also threw the airline a short-term lifeline by guaranteeing a bridge loan of 600 million euros ($655 million) for six months to see it through the bankruptcy process. “We wanted to protect ticketed ... Lire
  • modi India is set for a flood of new jobs and a public spending spree. Deutsche Bank explains why - History suggests India’s government is about to embark on a spending spree. A Deutsche Bank analysis shows government spending picks up in the last two years of an Indian government’s five-year term. That’s exactly where Prime Minister Narendra Modi’s administration is right now, with three years behind him as of May and a general election due in 2019. The uptick makes sense. Like other democracies, Indian politicians want to show voters the government is doing its part .. Read more at: Economic Times, 03.05.2017
  • bloom Oil’s Plunge Accelerates Below $45 as U.S. Shale Confounds OPEC - Oil slid below $45 a barrel for the first time since OPEC agreed to cut output in November as U.S. shale confounds the producer group’s attempts to prop up prices. In less than 10 minutes on Friday, futures slumped more than $1 amid a surge in volume. They have collapsed 9.6 percent this week, sliding to the lowest since Nov. 15 — two weeks before the Organization of Petroleum Exporting Countries signed a six-month deal to curb production aimed at easing a global glut. The decline is being driven by expanding U.S. output before OPEC is set to decide whether to prolong its cuts. While OPEC’s curbs drove oil in early January to the highest since July 2015, that increase encouraged U.S. drillers to pump more. The result has been ... Lire
  • alj Regional powers agree on Syria ‘de-escalation zones’ - Russia, Iran and Turkey have signed a deal calling for the setup of so-called de-escalation zones in war-torn Syria during talks in Kazakhstan’s capital, Astana. The signing ceremony on Thursday was briefly interrrupted as some members of the Syrian armed opposition’s delegation stormed out in protest against Iran’s participation in the deal. “We saw several members of the opposition delegation stand up furiously condemning what was going on,” Al Jazeera’s Jamal Elshayyal, reporting from Astana, said. “They shouted that Iran should not be a signatory to this. In fact, they went as far to saying that Iran is a criminal entity that shouldn’t be here and they stormed out.” READ MORE: Syria’s war explained from the beginning The latest round of talks in Astana is sponsored by opposition supporter Turkey ... Lire
  • electric Electric Car Sales Are Suddenly Taking Off in Europe - It’s no secret that Americans are embracing electric cars. But new data show that increasingly Europeans are too. Sales of battery-powered cars soared 38 percent in the first quarter after models including Renault SA’s improved Zoe won buyers in Germany and Spain. That compares with a gain of 2.9 percent for all of last year. New registrations—a proxy for sales—for battery-powered cars increased in the first quarter to 32,627 from 23,703 in the EU, Norway and Switzerland, the Brussels-based European Automobile Manufacturers’ Association said Thursday in a statement. That surge still couldn’t match demand in America, where electric car sales jumped 49 percent to 40,700 units in the period, according to Bloomberg New Energy Finance. (The U.S. car market is some 16 percent larger than Europe’s.) Manufacturers including Germany’s Volkswagen AG, BMW AG and Daimler ... Lire
  • podemos Podemos vs the Spanish media - Over the past few months, The Listening Post has examined populist, right-wing political movements on the rise – like the National Front in France – and the kind of news coverage they’ve attracted. This week, we look at Spain’s left-wing political party Podemos and its issues with the mainstream media. Podemos is Spanish for “we can”. The party is barely three years old and it’s already Spain’s third-largest. Its leader, Pablo Iglesias, doesn’t look like your typical Spanish politician. And Podemos’ anti-austerity/anti-establishment platform was destined to get a hostile reception from Spain’s mainstream media outlets, most of which lean to the right. From 2014 onwards, Podemos made a series of electoral breakthroughs and the tone of media coverage switched from curiosity to alarm. The party was described as undemocratic, with ... Lire
  • bbc Venezuela’s President Maduro calls for new constituent body - Amid continuing anti-government protests, Venezuela’s President Nicolas Maduro has called for a new constitution. Speaking at a May Day rally, Mr Maduro said a new constitution was needed “to restore peace” and stop the opposition from carrying out a “coup d’etat”. He decreed that a citizens’ assembly be convened to write the new document. Opposition leaders said the move was aimed at neutralising the opposition-led legislature, the National Assembly. What happened? Speaking to thousands of his supporters, President Maduro said he would use his presidential power to convene a constituent assembly. He later issued a decree to that effect. Under the existing constitution, “the people of Venezuela” can “convene a constituent assembly with the aim of transforming the state, creating a new legal framework and writing a new constitution”. Mr ... Lire
  • China reiterates opposition to THAAD anti-missile system in South Korea - China on Tuesday reiterated its opposition to the deployment of the U.S. THAAD anti-missile defense system in South Korea and urged it to be stopped immediately. The Terminal High Altitude Area Defense system has reached an initial operating capability to defend against North Korean missiles, U.S. officials said on Monday, forging ahead with its deployment despite China’s objections. “We will resolutely take necessary measures to defend our interests,” Chinese Foreign Ministry spokesman Geng Shuang told a daily news briefing, without elaborating. Beijing argues THAAD’s radar could be used to spy into its territory, despite assurances from Washington that THAAD is purely defensive. U.S. President Donald Trump has urged China to do more to rein in its neighbor’s nuclear and missile programs and recently has been full of praise of Chinese ... Lire
  • alj Critics blast US shipment of fighter jets to Israel - Israel received three F-35 stealth fighter jets from the United States at the weekend – a new generation of “near-invisible” planes that critics fear will free the country’s hand to launch air strikes and spying operations against neighbouring states undetected. In total, Israel has bought 50 F-35s from manufacturer Lockheed Martin, and claims it will have the first squadron combat-ready before the end of the year. Israel is the first country outside the US to be allowed access to the warplane, said to be the most expensive ever developed. The F-35’s main selling point is its advanced stealth capabilities, reportedly allowing it to evade even the most sophisticated anti-aircraft missile systems. Lockheed describes the plane as “virtually invisible”. According to Israeli officials, the jet will be able to outsmart Russian ... Lire
  • Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, April 28, 2017. REUTERS/Staff/Remote - RTS14BV7 Strong earnings power global shares higher - Stocks rose in Europe and Asia on Tuesday after technology industry shares hit record highs on Wall Street and investors focused on strong corporate earnings while shrugging off weaker-than-expected Chinese factory activity data. European stock markets opened higher after the May 1 holiday, reflecting the bullish mood on Wall Street, where the closely watched “fear gauge” of implied equity market volatility closed at its lowest since before the global financial crisis. Forecast-beating earnings have helped push shares higher across the globe this year. First-quarter profits at S&P 500 companies are expected to have risen 13.6 percent, the strongest rise since 2011, according to Thomson Reuters I/B/E/S. European equivalents are seen up 13.9 percent. Wall Street is expected to open slightly lower, index futures show. The dollar hit a one-month high ... Lire
  • ‘Israeli strikes’ hit arms depot in Damascus - Israeli strikes have hit an arms depot operated by the Lebanese Hezbollah group near Damascus airport, Syrian opposition sources told Al Jazeera. Witnesses said a total of five strikes occurred near the Damascus airport road, about 25km from the capital, early on Thursday. Syrian state TV quoted a military source saying rockets fired from Israeli territory targeted a military area in the southwestern part of the airport which caused explosions. Later on Thursday, Israeli military reported shooting down an aerial “target” over the Golan Heights. Israeli media said residents in the northern Israeli town of Safed reported seeing two missiles being launched and of explosions occurring afterwards. Al Jazeera’s Imtiaz Tyab, reporting from Beirut, said the missiles were so powerful that the impact was felt several kilometres away in the ... Lire
  • trump Trump Weighs Breaking Up Wall Street Banks, Raising Gas Tax - President Donald Trump said he’s actively considering a breakup of giant Wall Street banks, giving a push to efforts to revive a Depression-era law separating consumer and investment banking. “I’m looking at that right now,” Trump said of breaking up banks in a 30-minute Oval Office interview with Bloomberg News. “There’s some people that want to go back to the old system, right? So we’re going to look at that.” Trump also said he’s open to increasing the U.S. gas tax to fund infrastructure development, in a further sign that policies unpopular with the Republican establishment are under consideration in the White House. He described higher gas taxes as acceptable to truckers — “I have one friend who’s a big trucker,” he said — as long as the proceeds are ... Lire
  • alj Turkey threatens more strikes on US-allied Syrian Kurds - Turkish President Recep Tayyip Erdogan on Sunday said Ankara was “seriously saddened” by footage showing US military vehicles operating close to the border with Syrian Kurdish fighters, threatening further military action against a group Turkey sees as “terrorists”. His comments came amid rising tensions over the weekend along the border, with both Ankara and Washington moving armoured vehicles to the area. Turkish forces last week carried out deadly air strikes on military positions belonging to the Syrian Kurdish People’s Protection Units (YPG), angering the US and sparking days of border clashes with the Kurdish fighters. The US sent military vehicles with American flags to the Syrian side of the frontier accompanied by YPG fighters to carry out patrols, in an apparent bid to prevent further fighting. Turkey views the YPG ... Lire
  • cnbc Deal on government funding reached, averting shutdown - A deal has been reached on a bill to fund the government for the final five months of this fiscal year, an agreement that is likely to avert a government shutdown, aides to senior members of Congress told NBC News on Sunday. Congressional negotiators had been working through the weekend to hash out the last remaining complications in a bill to fund the government. After President Donald Trump backed down on funding for the construction of a border wall, some additional sticking points remained, including health benefits for coal miners, funding for Puerto Rico and an additional $30 billion for defense, delaying congressional negotiators and causing them to miss their deadline of Friday… Read more : CNBC, 30.04.2017
  • FRANCIA UE:STR002. ESTRASBURGO (FRANCIA), 01/02/2016.- El presidente del Banco Central Europeo (BCE), Mario Draghi, participa en el debate del informe anual de la entidad de 2014, en el Parlamento Europeo de Estrasburgo, Francia, el 1 de febrero del 2016. EFE/Patrick Seeger 2017-2020, Euro crisis: A compromise solution for a non-democratic Euroland - In the GEAB no 109 of November 2016 we wondered if “the euro would survive beyond the year 2017”. Five months later, we wish to deepen and complete our analysis. One reason for the weakness of the euro comes from the political anaemia of the euro zone, which is ultimately far too un-integrated to afford a single currency, or (the other side of the coin, if we may say it this way) afford misconceptions around this single currency for a heterogeneous zone. The well known thesis driving us on this topic is the anchoring of the governance of the single currency in a common democracy which would immediately set in motion all the principles of solidarity, of economic convergence and upgrading, which would be required in order to make the ... Lire
  • guardian Mélenchon puts left in contention as French election becomes too close to call - Will the real Jean-Luc Mélenchon stand up? On Tuesday, Mélenchon, the rising star of the French presidential election, will appear in the eastern city of Dijon. Simultaneously a 3D hologram of the veteran hard-left politician will be beamed to six other French cities. He may not literally be there, but just days from France’s heavily contested leadership vote “JLM” will be attempting to show that his programme has more substance than his ethereal appearance might suggest. In an election where historic and “never before” moments have become commonplace, the spectacular rise of Mélenchon has crossed a new line. Pollsters agree he is now a serious challenger to Les Républicains candidate François Fillon, who is in third position. Whether he can go further is anyone’s guess. The favourites to make the ... Lire
  • scmp33 28 heads of state confirm attendance at China’s belt and road summit next month - Heads of state from more than two dozen countries will attend a major summit in May to discuss China’s new Silk Road initiative, said foreign minister Wang Yi, although there is a notable absence of leaders from major Western countries. The summit, scheduled to be held on May 14 and 15 in Beijing, will be China’s major diplomatic event this year as it pushes ahead with President Xi Jinping’s flagship “Belt and Road Initiative” to launch a series of infrastructure projects across Asia, Europe and Africa. Top leaders of 28 countries had confirmed they would attend the summit, including Russian President Vladimir Putin, Philippine President Rodrigo Duterte, Turkish President Recep Tayyip Erdogan, Malaysian Prime Minister Najib Razak, Indonesian President Joko Widodo, Vietnamese President Tran Dai Quang and Myanmar’s leader Aung ... Lire
  • IMF Panel Drops Anti-Protectionist Pledge in Nod to Trump View - Global policy makers dropped another pledge to resist protectionism on trade, as Donald Trump’s election win continues to shake up the consensus at gatherings of finance ministers and central bank governors. A communique from the IMF’s steering committee, released Saturday in Washington, said that officials “are working to strengthen the contribution of trade to our economies.” Such language echoes a statement last month from Group of 20 nations reflecting the Trump administration’s call to rethink the global order for commerce. Like the G-20 communique, the committee’s statement omits a call from its last statement in October to “resist all forms of protectionism.” The Trump administration has threatened to raise tariffs if partners don’t agree to renegotiate trade agreements and create fairer conditions for U.S. goods. Since the joint statements at gatherings such ... Lire
  • H.E. Ms Federica Mogherini High Representative of the European Union for Foreign Affairs and Security Policy and Vice President of the European Commission and H.E. Mr YANG Jiechi, State Councilor at a press point after their meeting at Diaoyutai State Guest House in Beijing, China China and EU push for global free trade - Top diplomats from the EU and China have pledged closer cooperation on trade and geopolitical issues amid concerns about US protectionism under president Donald Trump. EU foreign policy chief Federica Mogherini co-chaired the seventh EU-China Strategic Dialogue with state councilor Yang Jiechi, China’s highest-ranking diplomat, in Beijing on Wednesday (19 April) in their first high-level meeting since Trump took office in January. “We are living times of growing tensions and geopolitical unpredictability, so our cooperation has never been so important,” Mogherini said after the meeting. “China and EU are global powers, we have a joint responsibility to work together towards a more cooperative, rule-based global order,” she told reporters. Mogherini said the EU-China strategic partnership had reached an “unprecedented level of maturity”. China was keen to cast itself as a ... Lire
  • 24matin Elections françaises : ça change tout ! - Dans une Europe « ré-atterrie » au niveau national, le résultat de l’élection présidentielle française donnera bientôt une indication claire sur les pistes de recomposition de l’UE. Une anticipation à ce stade n’a pas beaucoup d’intérêt. Nous avons toujours dit que cette campagne était atypique à bien des points de vue et que bien malin qui pourrait en prédire l’issue. Aujourd’hui, force est de constater que les évidences dans lesquelles on a essayé d’enfermer les Français ont cessé d’en être. L’inévitabilité de la présence de Marine Le Pen au second tour, le « devoir moral » du vote Macron pour la contrer au second tour, est une stratégie de manipulation des opinions à laquelle les Français ne se sont pas tant que cela laissés prendre. Ce que nous appelons le piège « la raison ou ... Lire
  • gatew IMF spring meetings: projecting a pickup - The 2017 Spring International Monetary Fund (IMF) and World Bank meetings begin later this week. Despite the tide of populism and geopolitical uncertainties, the global economic recovery is gaining traction. Have we reached a turning point? And are global reform commitments needed to sustain the recovery? The short answer to both questions is yes and yes. The growth outturns in the second half of last year have generally strengthened in the first quarter. Market sentiment has been rising, manufacturing and confidence indicators have picked up, and global trade volumes and commodity prices are rising. The world is clearly witnessing a strong cyclical recovery in investment, manufacturing, and trade. The IMF is likely to project a pickup in global growth this year and next—closer to 4%—compared to just over 3% in 2016… Read ... Lire
  • Venezuelan protests against government leave three dead - Two Venezuelan students and a National Guard sergeant died on Wednesday after being shot during protests against unpopular leftist President Nicolas Maduro, increasing turmoil in the volatile nation amid a devastating economic crisis. Opposition supporters protested in Caracas and other cities in what they called “the mother of all marches,” denouncing Maduro for eroding democracy and plunging the oil-rich economy into chaos. Crowds swelled to hundreds of thousands, including Maduro supporters who held a counter-demonstration in the capital at the urging of the president, and clashes were reported across the country during the most sustained protests since 2014… Read more : Reuters, 19.04.2017
  • geab 114 pic The Global Europe Anticipation Bulletin – April edition is now available! - PERSPECTIVES Global Systemic Crisis 2017-2021 – A phase of chaotic recomposition of the World: national re-landing, crash or rebound? This expression “chaotic recomposition” seems best to summarise the phase where we currently are with regards to the development of the crisis, a step indicated here as extending over four years and which will include distinct progression phases. It is quite clear that efforts to reorganise the world on a transnational logic have all failed in this first half of 2017 … Sub-chapters: -Stylistic exercise: what might the Middle East look like in 2021? -Latin America: the end of the Bolivarian left wings -European Union / United Kingdom: same challenge of union reinvention \ -French elections: everything changes! Read more in the GEAB 114 TELESCOPE Euro governance / Horizon 2020: The ... Lire
  • gibr A rocky approach to Gibraltar’s sovereignty - Peter Hain’s 2002 co-sovereignty negotiations with Spain were conducted over the heads of the Gibraltarians, against their wishes, and in the knowledge that any co-sovereignty proposal would be rejected if put to the people in a referendum (Joint sovereignty of Gibraltar is win-win, says former minister, 6 April). The timing of the negotiations may explain why they went ahead anyway. The Blair government was working hard to convince the Spanish government to back the invasion of Iraq, in the face of overwhelming opposition among the Spanish public. Eventually, as Hain notes, it was Prime Minister Aznar who pulled the plug on the co-sovereignty proposal. The Spanish government could be persuaded to support an illegal war, but it was never going to accept a deal over Gibraltar that did not lead, ... Lire
  • scmp2 Will China stay the course to cleanse its corruption-ridden financial system? - Andy Xie says with regulators making serious moves to rein in excesses, Beijing must also recalibrate its policy and bring monetary growth in line with economic growth, even at the risk of recession, because financial health is vital. The central government is tightening risk control in the banking system and launching a broad-based anti-corruption campaign in the financial system. This is the first major attempt to reverse the trend of China’s economy turning into a financial Ponzi scheme since 2003. The creation of high-risk credit has come to a screeching halt. But, as economic slowdown is sure to follow, would China bite the bullet and follow through with the necessary cleansing and reform of the country’s financial system? China’s economy has been in stop-and-go mode since 2012, when renminbi appreciation ... Lire
  • scmp British Prime Minister Theresa May calls for early election on June 8 to strengthen Brexit hand - British Prime Minister Theresa May called on Tuesday for an early general election on June 8 in a surprise announcement as Britain prepares for delicate negotiations on leaving the European Union. “We need a general election and we need one now. We have at this moment a one-off chance to get this done … before the detailed talks begin,” May said, despite previously denying that she would do so. Speaking outside her Downing Street residence in London, May warned that “division in Westminster will risk our ability to make a success of Brexit”. She said parliament would be asked to vote on Wednesday to decide on whether or not to hold an election… Read more : SCMP, 18.04.2017