Business

The Philippines’ Misguided Plan to Stop South China Sea Tensions

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Cooperating on oil won’t work – but fishing might. Former Philippine president Fidel Ramos was in Hong Kong earlier this month to meet his “old friends” in hopes of breaking ice with Beijing. In a statement issued Thursday, Ramos and his interlocutors, including prominent Chinese diplomat Fu Ying, said they discussed the… Source: The Philippines’ Misguided Plan to Stop South China Sea Tensions | International Crisis Group Read More »

Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean

When it comes to oil and gas exploration and production, Egypt is in a different league than its neighbors in the Eastern Mediterranean. CAROLE NAKHLE Its oil activity spans more than one century and the country enjoys a colorful corporate landscape where large and small international companies and national companies cooperate and continue to make significant discoveries. From a regional perspective, having such a major competitor right at their… Source: Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean – Carnegie ... Read More »

Kenya buys Sh3.6bn ship to battle illegal fishing in Indian Ocean

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Kenya has acquired a new ship to patrol its Indian Ocean territory as the country steps up the campaign against illegal fishing which has seen it lose up to Sh10 billion annually. The Sh3.6 billion ship, which has ability to detect illegal movement of fishing vessels in Kenya’s territorial waters, is expected in the… Source: Kenya buys Sh3.6bn ship to battle illegal fishing in Indian Ocean – Politics and policy Read More »

Concerns over whether USA can manage huge fishing protected zone

The Western Pacific Regional Fishery Management Council has agreed to ask the US government to address a range of concerns about a proposal to expand Hawaii’s protected waters. The government plans to expand the Papahānaumokuākea Marine National Monument in Hawaii five-fold, which would prohibit fishing in two-thirds of the US Exclusive Economic Zone… Source: Concerns over whether USA can manage huge fishing protected zone | Radio New Zealand News Read More »

GST: India’s taxing simplification stew

Indian shares,  after ending July ahead 5% on the MSCI Index despite price-earnings ratios above the emerging market average, were further buoyed with the unanimous passage of a national goods and.. The constitutional amendment culminated a decade-long effort under both the previous Congress Party and current BJP governments, and as a… Source: GST: India’s taxing simplification stew – Asia Times Read More »

America Is Smashing Russia and OPEC’s Grip On The Oil Market

The shale gas revolution in the United States is overturning the old order. Anthony Fensom Far from being threatened by recent weak prices, America’s status as an emerging energy superpower has solidified in 2016, weakening OPEC’s grip over the… Source: America Is Smashing Russia and OPEC’s Grip On The Oil Market | The National Interest Read More »

Freefall: from self-employment to unemployment

Rose, Joe, Jean and Gerard all worked for themselves. When the recession hit they had nothing to fall back on. Are things about to get better for Ireland’s 325,000 self-employed? Patrick Freyne ‘You drive around the country,” says Ray Butler, the Fine Gael Senator, “and look at all those closed-down shops in little towns and villages. They represent lives and families and people’s stories. They’re all self-employed people… Source: Freefall: from self-employment to unemployment Read More »

Green Gold: Global Avocado Boom Destroying Mexico’s Forests

Extreme demand for avocados is causing deforestation, along with other negative environmental effects, in Mexico, due to high profits for the fruit.. According to Mexico’s National Institute for Forestry, Farming and Fisheries Research, farmers are illegally destroying large areas of forest in the mountains of Michoacan, a… Source: Green Gold: Global Avocado Boom Destroying Mexico’s Forests Read More »

EU to invest €187.5m in Estonia-Finland gas pipeline

The European Union (EU) is set to invest €187.5m in the first Estonia-Finland gas pipeline, which will be known as Balticconnector. EU will also support infrastructure that is needed to unite the energy markets. The new pipeline will put an end to the gas isolation of Finland and… Source: EU to invest €187.5m in Estonia-Finland gas pipeline – Hydrocarbons Technology Read More »

Putin-Erdogan meeting in St. Petersburg: Economy before politics

According to experts, talks between the Russian and Turkish presidents in St. Petersburg on Aug. 9 yielded impressive results on economic issues. At the same time analysts warn that many elements in relations between Moscow and Ankara depend on whether or not solutions to political problems will be found, primarily concerning the Syrian issue… Source: Putin-Erdogan meeting in St. Petersburg: Economy before politics | Russia Beyond The Headlines Read More »

Does TPP matter? Does Singapore matter?

During his recent trip to the US, Singapore Prime Minister Lee Hsien Loong, along with US President Barack Obama, made a joint pitch for the ratification of Trans-Pacific Partnership (TPP) trade agreement. However, the hope that the TTP would form the foundation of a robust and prosperous East Asian security regime centered on economic integration and positive US engagement is fading as China… Source: Does TPP matter? Does Singapore matter? – Asia Times Read More »

Sharing economy will have dramatic effect on workplace conditions, says law firm

In a world of digital disruption with the likes of Uber and Airbnb, the focus is now turning to how rapid changes to business and lifestyles could translate to the workplace. In a report released today, law firm Corrs Chambers Westgarth said there would be likely challenges to legal rights for both employers and employees given the move to contracting and more flexible work arrangements… Source: Sharing economy will have dramatic effect on workplace conditions, says law firm – ABC ... Read More »

Former bankers sentenced to jail over Anglo fraud scheme

Willie McAteer and John Bowe of Anglo and Denis Casey of Irish Life convicted of fraud Ruadhán Mac Cormaic, Joe Brennan, Ciarán Hancock Three former bankers were in Mountjoy Prison in Dublin last night after receiving jail sentences for their roles in a €7 billion fraud committed at the height of the banking crisis in 2008… Source: Former bankers sentenced to jail over Anglo fraud scheme Read More »

Report highlights cosy relationship between mining industry and political parties

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THE cosy and often secretive relationship between political parties and their donors in the mining industry has been highlighted in a report that looks at six controversial projects in Queensland including Adani’s Carmichael mine… Source: Report highlights cosy relationship between mining industry and political parties | Greasing The Wheels Read More »

IMF admits disastrous love affair with the euro led to immolation of Greece

The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory. Ambrose Evans-Pritchard Source: IMF admits disastrous love affair with the euro led to immolation of Greece Read More »

Harvard Bioscience spends $1.7M on embezzlement investigation

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SAM BONACCI Harvard Biosceince has so far put $1.66 million into a forensic investigation, according to the company’s financial report in which a loss of $700,000 was reported for the first two quarters of the year. The company had undertaken an investigation of a possible embezzlement of less than $50,000 from a subsidiary company in March… Source: Harvard Bioscience spends $1.7M on embezzlement investigation | WBJournal.com Read More »