Business

Rubbish to energy as Sweden wages war on waste with incinerators

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Sweden has become the darling of the press when it comes to waste management. Articles claim Sweden “recycles nearly all of its waste” and in doing so “generates electricity and heating”. Foreign Correspondent – By Craig Reucassel ABC As I’ve made a bit of a habit of going around looking in people’s bins, I’m constantly being told we should be more like Sweden and make our waste useful. And when Australia was struck by the so-called China recycling crisis recently, it ... Read More »

Economic war on Iran is war on Eurasia integration

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US sanctions on Iran should be interpreted as a piece in a much larger chessboard Hysteria reigned supreme after the first round of US sanctions were reinstated against Iran over the past week. Pepe Escobar Asia Times War scenarios abound, and yet the key aspect of the economic war unleashed by the Trump administration has been overlooked: Iran is a major piece in a much larger chessboard. The US sanctions offensive, launched after Washington’s unilateral pullout from the Iran nuclear ... Read More »

How we use good deeds to justify immoral behaviour

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We all like to think of ourselves as morally sound individuals. However in doing so we often assume that morality is static – that we are consistently moral to some extent over time. Nishat Babu The Conversation In reality, research suggests that most of us will behave in contradictory ways and act both morally and immorally from time to time. Interestingly, when we think about our past moral actions, we are likely to engage engage in compensatory behaviour and act ... Read More »

Turkey’s lira crisis: ‘economic war’ sees Erdoğan look east for new allies

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Global markets are on edge once again, this time thanks to the Turkish lira. It crashed more than 15% against the US dollar, euro and pound sterling on August 10 and continued to fall when markets reopened after the weekend on August 13. Emre Tarim The Conversation The latest trigger was Donald Trump’s announcement that he would double import tariffs on Turkish steel and aluminium. But the lira has been falling consistently over the past year as markets fear for ... Read More »

Fresh blood: Australia is still lucky, thanks to our young migrants

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Reserve Bank governor Dr  Philip Lowe thinks Australia’s strong population growth in recent years is a wonderful thing, and he sings its praises in a speech this week. Ross Gittins WAtoday I’m not sure he’s right. Like most economists and business people, Lowe is a lot more conscious of the economic benefits of population growth than the economic costs. As for the social and environmental costs, they’re for someone else to worry about. But whatever your views, you’ll be heaps better informed ... Read More »

‘Stand up if you’re an asylum seeker’: the night corporate Australia made me cry

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A networking night, a LinkedIn profile, a new suit: these white collar acts that seem so banal may change the life of an asylum seeker Brigid Delaney The Guardian In the foyer of the building off Martin Place there is a corporate networking event in full swing. People in suits are talking to other people in suits (while juggling a beer and a rice paper roll) about jobs and internships and degrees and experience: all the stuff that people at ... Read More »

Dow drops about 200 points as financial crisis in Turkey spooks global markets

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Stocks fell on Friday as geopolitical concerns pushed the Turkish lira to a record low against the dollar and rattled investors. Fred Imbert | Alexandra Gibbs CNBC The Dow Jones Industrial Average dropped 196.09 points to 25,313.14 as Intel declined. The Dow also erased its gains for the month of August and posted a three-day losing streak. The S&P 500fell 0.7 percent to close at 2,833.28 as financials and materials lagged. The Nasdaq Composite also pulled back 0.7 percent to 7,839.11 and snapped an eight-day winning ... Read More »

Embattled Nord Stream 2 seeks to skirt Danish veto

FILE - In this May 8, 2017 photo steel pipes for the North Stream 2 pipeline are stacked in Mukran harbour in Sassnitz, Germany. American officials say a pipeline project between Russia and Germany risks triggering U.S. sanctions because of security concerns. Senior State Department diplomat Sandra Oudkirk says the United States opposes the Nord Stream 2 gas pipeline because it could increase Russia's "malign influence" in Europe. (Stefan Sauer/dpa via AP, file)

Russia’s controversial Nord Stream 2 pipeline consortium on Friday said it had applied for an alternative route to skirt a new Danish law that threatened to block the project. AFP New legislation which took effect in January allows the Danish government to veto pipelines passing through the Nordic nation’s territorial waters based on its foreign policy, security and defence interests. Led by Russia’s gas giant Gazprom, the consortium said in a statement that the law gives the Danish foreign ministry ... Read More »

Profit, not free speech, governs media companies’ decisions on controversy

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For decades, U.S. media companies have limited the content they’ve offered based on what’s good for business. The decisions by Apple, Spotify, Facebook and YouTube to remove content from commentator Alex Jones and his InfoWars platform follow this same pattern. Amanda Lotz The Conversation My research on media industries makes clear that government rules and regulations do little to limit what television shows, films, music albums, video games and social media content are available to the public. Business concerns about ... Read More »

After the Showdown in Libya’s Oil Crescent

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A renewed struggle this summer over Libya’s main oil export zone cut sales in half, squeezing hard currency supplies amid outcry about mismanagement of hydrocarbon revenues. ICG To build trust, Libyan and international actors should review public spending and move toward unifying divided financial institutions. What’s new? Fighting in June in Libya’s “oil crescent”, a coastal area home to most of its oil export terminals, led to a brief military takeover of oil installations and, subsequently, an attempt to deepen ... Read More »

The huge food company with the worst health rating

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The federal government is being urged to make the health star rating system mandatory, with new figures showing only 28 per cent of food and drinks display stars. Esther Han The Sydney Morning Herald A George Institute for Global Health study found only about 4350 of 15,770 eligible products on supermarket shelves in 2017 featured a health star rating. Food multinationals General Mills, PepsiCo and Mondelez, which sell household brands such as Latina, Oreo and Doritos, have opted out of the system altogether. ... Read More »

The devastating reality of Australia’s crippling drought: Shocking maps show just how parched the country has become as desperate farmers continue to pray for rain – but experts say it’s only going to get WORSE

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Australia has been suffering one of the most intense droughts of the past century, and meteorologists believe that it is only going to get worse. Laura Hedges DailyMail These maps from the Australian Bureau of Meteorology (BoM) show how the country has been getting increasingly dry since 2010. The latest – and most shocking – map from BoM shows next to no average rainfall across the majority of the country from 1 April to 6 August this year. It has ... Read More »

Prospects of huge gas reserves in deep sea

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Bangladesh could have a minimum of 5 prospective structures in the Bay of Bengal in Block D-12, block operator Daewoo Corporation says Shahed Siddique The Independent Bangladesh has discovered the prospects of a big deep-sea gas reserve after the resolution of its maritime boundary dispute with Myanmar and India. A 2D seismic survey along the Myanmar border has revealed that Bangladesh could have a minimum of five prospective structures in the Bay of Bengal in Block D-12. The operator of ... Read More »

Rick Gates Delivers a Public Lesson on Money Laundering and Political Corruption

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Tuesday was Rick Gates’s second day testifying as a witness for the prosecution in the trial of Paul Manafort, his former boss, and he spent a lot of time explaining how money flowed from Ukraine, where he and Manafort had a run of lucrative years doing consulting work for pro-Russian interests, to shell companies in Cyprus, to other shell companies in the Caribbean, and… John Cassidy The New Yorker In the afternoon, Gates was subjected to a withering cross-examination by ... Read More »

Your choice of holiday destination is a political act

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Tickets, money, passports! We all know what to check for during that last minute packing panic. Brendan Canavan The Conversation But preparing for your holidays is about more than what you squeeze into your suitcase. It is about making a political choice. Tourism is an industry tied up with national and international politics like no other. Tourists are a source of foreign exchange, governments promote themselves through visitors, and politicians quite often worry about the social freedom that tourism can ... Read More »

Europe vows to preserve Iran deal as US sanctions return

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EU diplomats say they will work to protect Iran’s continued export of oil and gas as US threatens ‘severe consequences’. AlJazeera Europe’s top diplomats have vowed to work together to preserve a multinational nuclear deal with Iran, as US President Donald Trump signed an executive order paving the way for the return of biting sanctions against Tehran on… In a joint statement issued on Monday, EU foreign policy chief Federica Mogherini and the foreign ministers of France, Germany and Britain said the remaining ... Read More »