Business

Finnish citizens given universal basic income report lower stress levels and greater incentive to work

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Participants receive €560 (£473) every month for two years and do not have to demonstrate that they are actively seeking work Ben Chapman Independent Finland has been giving 2,000 of its citizens an unconditional income for the last five months and some are already seeing the benefits, reporting decreased stress, greater incentives to find work and… The scheme is the first of its kind in Europe and sees participants receive €560 (£473) every month for two… Finnish citizens given… Read More »

Let Us Not Ignore Our Ocean, EEZ’

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Minister for Fisheries, Semi Koroilvesau spoke to more than 50 Republic of Fiji Military Forces (RFMF) personnel at the RFMF Training Centre in Vatuwaqa over the weekend on Fiji’s Exclusive Economic Zone (EEZ) and… FijiSun “Ideally, this topic should of concern to every Fijian as it is this important geographical feature that has given us the greater bounds within which we have derived great values and… “Fiji, like any other island state, is surrounded by the… Let Us Not… Read More »

Ten years since the global financial crisis, world still suffers ‘debt overhang’

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It is almost exactly 10 years since the financial world began a wobble that would swing into what we now know as the global financial crisis. Nassim Khadem Brisbane Times On June 22, 2007, the public downfall of New York-based global investment bank Bear Stearns began in earnest. America’s then fifth-largest investment bank was among a number of Wall Street giants exposed to bad bets on the US subprime mortgage… Ten years since… Read More »

Israeli planes ‘may soon be allowed’ into Saudi airspace as the two countries ‘negotiate ties’

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Israeli El Al airline may soon be allowed to fly over Saudi airspace… Saudi Arabia and Israel are on the path to normalising relations by negotiating ties, according to a report by British newspaper The… The New Arab According to the report, the negotiations will lead to a range of provisions for Israel, such as allowing Israeli businesses to operate in the… Palestinian officials are said to be anxious about the… Israeli planes ‘may… Read More »

‘Purposeful leaders’ are winning hearts and minds in workplaces, study finds

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People are happier and more productive when their leaders show strong morals, a clear vision and commitment to stakeholders, a new study has… University of Sussex EurekAlert! The growing importance of what is being described as ‘purposeful leadership’ for the modern workplace is outlined today in a new report for the CIPD, the professional body for HR and… When modern managers display ‘purposeful’ behaviours, employees are less… ‘Purposeful leaders’ are… Read More »

Ali Sherif al-Emadi: Sanctions will not harm economy

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Finance minister says Qatar can defend economy and currency against tough sanctions imposed by neighbouring GCC nations. Al Jazeera and news agencies Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC television in an interview broadcast on… He said that the countries that had imposed sanctions on Qatar would also lose money because of the damage to business in the… Ali Sherif al… Read More »

Govt working on legal framework for quick offshore auction

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The government today said that the mines ministry is closely working with its law counterpart to evolve an enabling framework which would result in auction of offshore mineral blocks… DNA “We are working with the Law Ministry to work on what enabling framework can be quickly brought up by which we can quickly start that auction,” Mines Minister Piyush Goyal said while addressing a… As far as the current law is concerned, Goyal said, there… Govt working on… Read More »

Egypt will not reinstate ban on grain fungus

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CAIRO: Egypt will not reinstate a controversial ban on ergot, state grain buyer General Authority for Supply Commodities (GASC) told Reuters on Saturday, despite a court ruling, which could allow a return to the… Reuters Arab News Traders said the previous zero-tolerance requirement, which the Egyptian agricultural department said was to protect human and plant health, is impossible to fulfill and… But an Egyptian court said this week it was planning to overturn a… Egypt will not… Read More »

Xi: Security key to development

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SCO members urged to strengthen coordination in fighting terrorism President Xi Jinping sent a strong voice of fighting terrorists and safeguarding regional peace during a summit of the Shanghai Cooperation Organization in Astana, the capital of Kazakhstan, on… AN BAIJIE ChinaDaily China calls for the SCO to strengthen regional counterterrorism institution building to enhance the capacity of member states in coordination and… Xi: Security key… Read More »

Universities the biggest winners from China’s top 100 philanthropists

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Beijing: China’s billionaires have been so busy making money that they haven’t had time to spend it – and universities are winning from a resulting boom in… Kirsty Needham Brisbane Times China’s 2017 top 100 philanthropist list shows the trend for the country’s wealthiest property developers, finance and technology tycoons to make big charitable donations is… Almost half (44 per cent) of donations in 2017 were made to universities, up from a third (27 per cent) three years ago, according… Universities the biggest… Read More »

Top 10 world’s most competitive economies

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China’s Hong Kong has ranked first on the world’s most competitive economies list for two consecutive… China Daily The United States, however, fell out of the top 3 this year, according to the International Institute for Management Development (IMD) in… The list consisted of ranking 63 economies based on 260 indicators – two thirds of which came from hard data, such as national employment and trade statistics, and the… Top 10 world’s… Read More »

Big Business Welcomes Anti-Slavery Legislation

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A coalition of Australian big businesses has backed calls to introduce Australia’s first anti-slavery legislation. Rachel McFadden Pb The Modern Slavery Act, introduced by the federal opposition to Parliament on Monday, will mean big business will be forced to clamp down on slavery in their supply chains. If passed, the policy will mean that major Australian companies will have to publicly report all of their efforts to identify and… Labor’s legislation also called for the Read More »

Big business backs Labor call for new anti-slavery legislation

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Big business has backed a Labor Party push for new laws to force major Australian companies to report on modern slavery in their supply chains. Anna Patty The Age Federal Labor will on Monday announce the new policy and call for the introduction of a Modern Slavery Act to impose new requirements on big business to report on slavery and… The policy includes the introduction of a… Big business backs… Read More »

Expert: Don’t rule out buying and selling water

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The biggest problem the country has in terms of water management is not technical, it’s about how to overcome the divisions that have developed among us, says Ecological Foundation executive director Guy… Nicki Harper The Country Mr Salmon was a keynote speaker at day two of the water symposium held in Havelock North, and said there were five main building blocks that could form the basis of reaching solutions to the… ● Efficiency is a value worth pursuing from a… ... Read More »

Tillerson Present as Exxon Signed Major Deal with Saudi Arabia During Trump Visit

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During his recent trip to Saudi Arabia, President Donald Trump announced an array of economic agreements between the U.S. and… Steve Horn CounterPunch While the $350 billion, 10-year arms deal garnered most headlines, a lesser-noticed agreement was also signed between ExxonMobil and… In addition, ExxonMobil’s press release for the agreement mentions that Darren Woods, the company’s CEO, was in the room for the… Tillerson Present as… Read More »

Brazil emerges from recession as GDP grows 1%

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Brazil’s economy has grown 1% in the first three months of 2017, putting an end to the country’s longest recession in history, officials have announced. BBC The GDP increase came after two consecutive years of negative growth, during which the Brazilian economy shrank by almost 8%. A record harvest of soybeans, one of Brazil’s main exports, gave the economy a… Brazil emerges from… Read More »