Business

A new and more efficient payments system will be a magnet for fraud. Here’s how to prepare

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Most credit card fraud takes place online or over the phone. It’s not the cards that are stolen, but the details. The Conversation, By Steve Worthington ABC The Australian Payments Network finds they are used to amass 85 per cent of the money stolen using Australian credit cards, without the need to steal the cards themselves. Usually, we are not liable for the money lost. It is reimbursed through our card provider if we have quickly reported the breach and ... Read More »

Working long and hard? It may do more harm than good

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Nearly half of people in the EU work in their free time to meet work demands, and a third often or always work at high speed, according to recent estimates. Authors: The Conversation If you are one of them, have you ever wondered whether all the effort is really worth it? Employees who invest more effort in their work report higher levels of stress and fatigue, along with lower job satisfaction. But they also report receiving less recognition and fewer ... Read More »

Construction Of TurkStream’s 2nd Leg In Russia’s Exclusive Economic Zone Over – Gazprom

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Russian energy giant Gazprom has completed the construction of the second leg of the TurkStream gas pipeline in Russia’s exclusive economic zone, the company said in a statement Wednesday. Rukhshan Mir MOSCOW (UrduPoint News / Sputnik – 05th September, 2018) Russian energy giant Gazprom has completed the construction of the second leg of the TurkStream gas pipeline in Russia‘s exclusive economic zone, the… “Gazprom’s Management Committee considered the current status of the TurkStream project. It noted that the… Construction Of ... Read More »

No more ‘leaning in’ – the neoliberal myth of the superhero businesswoman holds us all back

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We’ve read the stories and seen the figures. We know that women are still underrepresented at the decision making table. Melissa Yoong The Conversation We know women across professional fields get paid less than their male peers for doing the same job. We know about the #MeToo movement. Yet, those who call for structural reforms are still often dismissed as whiners or unreasonably demanding. This could be partly due to the pervasiveness of neoliberalism and post-feminism. Traditionally understood as the ... Read More »

How solar kits and battery lamps are replacing kerosene across Africa

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For decades, people in rural Africa have been using sooty kerosene lamps to dimly light their homes. Jörg Peters The Conversation But in recent years households, even in poor areas, have started to replace their kerosene lamps with non-rechargeable dry-cell battery driven lamps and solar kits. This is happening largely without any governmental or donor involvement. These devices are equipped with light-emitting diodes (LED) that have become significantly cheaper over the years. This has, in turn, made them a highly ... Read More »

Lawyers perceived as only slightly more ethical than bankers

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Even in the wake of the banking royal commission, Australians perceive lawyers to be almost as unethical as bankers, insurers and financial services professionals, according to new research. Jerome Doraisamy Lawyers Weekly The Governance Institute Australian Ethics Index 2018 found that while the banking, financial services and insurance sectors have a net ethical score of -15, with only 30 per cent of respondents thinking tha… All sectors implicated in the Royal Commission into Misconduct in the Banking, Superannuation and Financial ... Read More »

Happiness at work trumps money for most Australians

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What is more important to you at work: happiness or money? If you’re like me, you’ll be wondering why you need to choose. And yes, I’m the first to argue that “both” is a reasonable answer in the real world. But let’s say… Caitlin Fitzsimmons Brisbane Times If you’re like most Australians, you’ll plump for happiness. Nearly two out of three Australians value happiness over work, according to a survey commissioned by workplace meaning and happiness consultancy Rise. The poll, ... Read More »

Coast Guard interdicts lancha crew illegally fishing in U.S. waters

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Coast Guard crews from Corpus Christi interdicted a Mexican lancha crew illegally fishing in waters off the Texas coast on Sunday. KRIS Communications According to the Coast Guard, four fishermen onboard the boat were detained and turned over to Border Patrol for processing. Coast Guard also seized 113 red snapper and two sharks from the vessel. A lancha is a fishing boat used by Mexican fishermen that is approximately 20 to 30 feet long, with a slender profile, typically has ... Read More »

Chilean Navy captures Peruvian vessel fishing in Exclusive Economic Zone

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SANTIAGO – During a surveillance patrol, the Chilean Navy captured the fourteenth foreign vessel in the early hours of Friday morning, which was fishing in waters belonging to the Exclusive Economic Zone of the… The Santiago Times While the Maritime Zone Patrol Officer OPV-84 “Cabo Odger”, dependent of the Fourth Naval Zone, carried out surveillance operations, it detected a Peruvian minor vessel within the Exclusive National Economic Zone, 172 kilometers west of… The fishing vessel named “Jean Anthony” was inspected ... Read More »

Demonetisation in India: A Democracy Deficit

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Demonetisation On November 8, 2016, when the United States of America was busy electing a populist president in Donald Trump, India’s own populist prime minister, Narendra Modi came up with a unique economic decision. Shubbam Ghosh EurasiaFuture In one stroke, he invalidated two high denomination currency notes the nation had been using –  Indian National Rupee notes (INR) valued at INR 1,000 and INR 500. According to Modi and his supporters, the move was a… On August 29, 2018, almost ... Read More »

What would happen if we banned emails at the weekends

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Maybe we all need ‘the right to disconnect’ Chris Stokel-Walker BBC For the average working person, there’s no greater feeling than powering down your computer and kissing goodbye to your avalanche of work emails for the day. If we’re lucky enough to disconnect from the job on evenings and weekends, we’re overjoyed to leave work email and the stress that comes with it in the office. But experts say we’re increasingly failing to do so, instead bringing the burden home ... Read More »

The Slavery Incentive

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By restricting the workers’ outside options, employers may get them to accept terms that freer individuals would reject. Ricardo Hausmann Project Syndicate That may be a reason why there is so little urgency in solving the problem of undocumented immigrants in the US, and why many countries protect citizens differently than foreigners. CAMBRIDGE – Have you ever wondered why business schools do not teach the proper way to whip a worker to obtain maximum effort without damaging the asset? Had ... Read More »

The Decade of a Rising China: 10 Years After the Financial Crisis

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It is 10 years in September since Lehman Brothers went bankrupt bringing global capitalism to the point of collapse. Jenny Clegg CounterPunch Although the crash did not finally lead to a total meltdown, it triggered a slump of 1930s proportions and for most economies the last decade has been a lost decade of low growth, low investment, low productivity, marked by debt and deficit, with virtually no improvement in real incomes for the… The stand-out story of the period has ... Read More »

Turkey calls on country’s religious authority in struggle to keep prices down

BURSA, TURKEY - JUNE 10: An imam leads the first Friday Prayer during the Muslim holy fasting month of Ramadan at Fatih Sultan Mehmet Mosque in Bursa, Turkey on June 10, 2016. Ali Atmaca / Anadolu Agency

As the Turkish lira continues to be hit by losses in value against foreign currencies, the government has been struggling to keep prices down, even going to the extent of using the… TM “[Islam] certainly forbids unlawful profits such as bribery, usury, speculation, black marketing and rigging prices, which challenge moral values and disrupt the peace in the society,” the weekly sermon said, according to the… Earlier this week one of Turkey’s biggest retailers, BİM, known for its cheap prices ... Read More »

MAPPED: Where can the British and French fish for scallops? Where are the boundaries?

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A SCALLOPS war has broken out over the English Channel, with British and French vessels clashing in angry exchanges over capture of the valuable shellfish. Where can they fish for scallops and what are the boundaries? Paul Withers Express This map from the Government shows the territorial sea limits of the UK, Isle of Man and the Channel Islands. In particular in the latest outbreak with fishermen from across the channel, it illustrates a clear red line there the UK-France ... Read More »

Greece and the Balkans: opportunities across borders

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Greece’s recent exit from its economic adjustment programme last week has generated some long overdue welcome headlines for the country. Peter Sanfey EBRD But how can the country generate sustainable growth in the coming years? And what would a lasting Greek recovery mean for its neighbours throughout the Balkan region? One way to promote growth in Greece is to foster trade and investment linkages and develop interconnections with neighbouring countries, a fact recognised by the Greek government in their recently ... Read More »