Business

Lessons in Chinese history as America shuts off from the world

Those who have studied history understand the importance of being engaged in the global economy. Walid Hejazi The Conversation Two thousand years ago, China represented nearly 25 per cent of the global economy. In 1600, it was 30 per cent, and a third in 1820. The country was a global powerhouse, to say the least. There is a famous story from 1792 when King George III’s ambassador led a trade mission to China with a cargo of the latest European ... Read More »

Clothing Brands Need to Step Up and Keep Women Safe in Their Factories

In a recent survey of experts, countries were ranked according to how safe they are for women. India came out as the most dangerous, followed by Afghanistan and Syria. Aruna Kashyap HRW Leaving aside the survey’s obvious challenges – including its attempt to use six measures to compare 10 very different countries – it paints a dire picture for women’s safety in the world. One area in which women everywhere face discrimination, inequality, harassment or violence in their everyday lives ... Read More »

‘She’s in BIG trouble’ Ministers warn May – Brexiteers will REJECT EU customs union plan

THERESA MAY has been warned by senior ministers that her latest EU customs plan will be rejected by Brexit-backing Tory MPs. By MACER HALL – EXCLUSIVE Express The Prime Minister is due to brief her top team on a new “third way” compromise proposal for future customs links with Brussels at a crunch Cabinet meeting at her country residence Chequers on Friday. And her officials expressed hope that the blueprint – combining two earlier options that bitterly divided ministers – will be a ... Read More »

Prawn white spot virus, and how we tracked down its source in Asia

This week Four Corners aired Outbreak – an investigation into alleged “quarantine failures putting the Australian economy at risk”. Wayne Knibb The Conversation The story in part reviewed how a pathogen known as White Spot Syndrome Virus (WSSV) had decimated prawn farms located along the Logan River in Queensland. Some of my published research was presented as part of this ABC report. These data, with earlier reports, support the argument that Australia’s biosecurity arrangements were breached by WSSV from Asia. ... Read More »

Qatar to maintain LNG dominance despite regional embargo

In 2017, Qatar produced 18.1 billion cubic feet of natural gas per day (bcfd). Almost all natural gas comes from various developments on the North Field, which is considered the largest non-associated gas structure in the world. By GlobalData Energy Hydrocarbons Technology The field has a combined processing and export capacity of 77.4 million tonnes per annum (mtpa) of LNG. The Qatargas and Rasgas projects are the largest contributors to production on the field and are joint ventures between Qatargas ... Read More »

An Alternative Way to Deal with the Cyprus Co-Op Bank

Socialising the losses and privatising the gains I have written two articles on the subject of “the Deal” sought and negotiated by the Government for privatising the ailing Co-Op Bank in Cyprus. Savvas Savvides StockWatch I continue here with “Socialising the losses and privatising the gains – Part 3” which provides an alternative proposal than the one that the Government arrived at with Hellenic Bank. It makes the argument that the concessions made in desperation to the Hellenic Bank (which ... Read More »

What happens when you give up plastic, and is it a lifestyle option for the lucky few?

Reducing plastics when shopping for food, toiletries and travel products should be easy – so why is it so difficult? Stephanie Convery The Guardian A few months ago, my partner and I went snorkelling off the coast of Indonesia. We dove off tiny deserted islands and swam in the deep with giant manta rays, but what I remember most vividly about that trip was not the stunning coral or dazzling array of colourful, curious fish; it was the sheer amount ... Read More »

China-Pakistan Economic Corridor: Opportunities and Risks

The China-Pakistan Economic Corridor, opened in 2015, could bring needed jobs and investment to Pakistan. But many projects also risk widening social divides and heightening political tensions along the route. With Beijing’s support, Islamabad should seek the… ICG What’s new? Pakistani leaders say the China-Pakistan Economic Corridor (CPEC), launched in 2015, is a “game changer” for the country’s ailing economy. But opaque plans for the corridor, the upheaval likely to affect locals along its route, and profits flowing mostly to ... Read More »

How the Iran sanctions drama intersects with OPEC-plus

Major states buying oil from Iran are unlikely to heed the US call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting output in the short-term; the puzzle is not solved, but there are dark clouds. Pepe Escobar Asia Times History may have registered stranger geoeconomic bedfellows. But in the current OPEC-plus world, the rules of the game are now de facto controlled by OPEC powerhouse Saudi Arabia in concert with non-OPEC Russia. Russia ... Read More »

Macron on Trump suggestion to leave EU: ‘You can imagine my response’

The US president offered a better trade deal for France than with the rest of the EU. Andrew Gray Politico French President Emmanuel Macron said Friday he would not comment directly on a report that Donald Trump suggested France leave the EU — but his commitment to Europe made clear what his response would have been. Back in April, Trump proposed to Macron that France leave the EU, the Washington Post reported, citing two European officials, and said that if Paris ... Read More »

‘Bringing reusable bags has been a challenge’: Woolworths backflip on plastic bags

Woolworths has backflipped on its plastic bag ban after irate customers refused to pay for plastic bags at the checkout. Melissa Cunningham Brisbane Times The supermarket giant will hand out free reusable plastic bags for 10 days, after stores were inundated with complaints from customers who refused to pay for bags or did not have enough of their own stored up. It comes a week after Woolworths issued a ban on single-use plastic bags in stores across Victoria, New South Wales, ... Read More »

China caught in a conundrum over economic policy

Central bank governor Yi’s calming message fails to ease market and currency concerns as NIFD warns of ‘financial panic’ in leaked report Gordon Watts Asia Times Stay calm and don’t panic. Sound advice. But it appears no one is listening to Yi Gang, the People’s Bank of China governor. As fears grow of a trade war between Beijing and Washington, the… Last week, Yi called for investors to “remain calm” after the benchmark Shanghai Composite Index dropped 3.78%, dipping below ... Read More »

It’s not personal, but Twiggy is making life hell for Gina

As the Queen and Prince of Australia’s iron ore industry, Gina Rinehart and Andrew Forrest going head to head in a fight over junior producer Atlas begs the question of whether the battle is personal or strategic. Elizabeth Knight The Sydney Morning Herald Given the history of animosity between these two big personalities – one which exploded into the public arena during the mining tax saga – there is undoubtedly an element of the personal involved in this contest. There has been ... Read More »

Why middle-aged entrepreneurs are better than young ones

Bill Gates, Steve Jobs, and Mark Zuckerberg are three of the biggest role models for entrepreneurs. They are all famous for starting their companies in their early 20s and in many ways set the… Sukanlaya Sawang The Conversation And yet, there is reason to believe that we’d be better off investing in older entrepreneurs. They are actually far more successful than younger ones, according to new research, which analysed the age of all business founders in the US in recent ... Read More »

Hack warning: Secure your data or risk a $31 million fine

How do you store your customers’ personal data? Are you one hundred percent sure it’s safe from hackers? These are very important questions for small businesses. Alexandra Cain WAtoday Just last week Fairfax reported a conveyancing firm’s IT system had been compromised by hackers who were able to steal $250,000 of a client’s funds from it. Plus, stiff new data privacy rules in the European Union last month mean it’s now more important than ever for small businesses to get their cyber security right. ... Read More »

China’s scrap plastic ban saddles neighbors with piles of problems

Thailand and Vietnam struggle with redirected waste but is there a silver lining? NIKKI SUN and APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writers Nikkei Asian Review HONG KONG/BANGKOK — The world is awash with scrap plastic, six months after No. 1 importer China closed its doors to the recyclable materials on environmental grounds. The ripple effects are hitting the shores of Southeast Asia’s emerging countries, which have seen a surge in plastic shipments — not all of them legal. “Thai people are ... Read More »