Business

Future bright for Timor-Leste with hatchery opening

A new hatchery has been unveiled in Timor-Lester as a crucial part of its National Aquaculture Development Strategy (2012-2030). The plan aims to reduce undernourishment by increasing the consumption of fish per capita from 6-15kg by 2020… Source: World Fishing & Aquaculture | Future bright for Timor-Leste with hatchery opening Read More »

Britain suffers biggest downturn in productivity since the financial crisis

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Britain has lurched further into its national productivity crisis, with hourly output at the end of last year registering its biggest quarterly fall since the 2008 financial crisis. Productivity, the crucial statistical metric that underpins overall economic growth and sustainable increases in national living standards, fell by 1.2 per cent in the three months to December, the Office for National Statistics has confirmed… Source: Britain suffers biggest downturn in productivity since the financial crisis | Business News | News | ... Read More »

Turkey’s economic interests key motive in restoring ties with Israel

The Turkish foreign ministry announced on Friday that Israel and Turkey were on the brink of restoring relations, following a fresh round of talks between political leaders the day before. NATO member Turkey was a key regional ally of Israel until the two countries fell out in 2010… Source: Turkey’s economic interests key motive in restoring ties with Israel – Middle East – RFI Read More »

Why few Americans in Panama Papers? Lawyer doesn’t want them

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Rich and influential people around the globe have found themselves under siege since a major data leak revealed their ties to secretive financial accounts and shell companies in low-tax havens used to hide wealth.. The uproar has brought down the prime minister of Iceland and raised questions about the presidents of Argentina and Ukraine, senior… Source: Why few Americans in Panama Papers? Lawyer doesn’t want them – Chicago Tribune Read More »

Bribing Nigerian official ‘a cost of doing business’, ex-Securency employee tells UK court

Bribing a Nigerian official was just “a cost of doing business”, the former financial director for Australian Reserve Bank subsidiary Securency has told a London court.. “At the time there was disappointment, but I agreed to proceed with it,” said David Ellery, who was Securency’s financial controller and company secretary until 2010… Source: Bribing Nigerian official ‘a cost of doing business’, ex-Securency employee tells UK court Read More »

The IMF In The Eurozone Crisis: Political Bankruptcy

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It was wrong from the start. Going on the incorrect assumption that the Eurozone crisis could only be overcome with the help of the crisis-proven IMF, it was the German government above all that insisted on embedding the Fund as an equal partner in the Troika meant to draw up and monitor the rescue… Source: The IMF In The Eurozone Crisis: Political Bankruptcy Read More »

Venezuelans get Fridays off for two months to save energy

Venezuelan workers will get Fridays off for the next two months as part of an emergency plan to save electricity, the president said. Venezuela has the world’s largest proven oil reserves but its economy is a mess, with rampant inflation, shortages of goods as basic as soap and toilet paper and constant blackouts… Source: Venezuelans get Fridays off for two months to save energy – AMERICAS Read More »

Energy firms eyeing consortium to carry Israeli gas through Turkey

At least 15 energy companies want to be part of a planned consortium which will carry Israeli gas to Europe via Turkey, according to Turcas CEO Batu Aksoy, who said the first Israeli gas may reach Turkey in the next five years… Source: Energy firms eyeing consortium to carry Israeli gas through Turkey – ENERGY Read More »

French Students Protest at Labor Law Changes Despite Not Being Employed

Fresh demonstrations take place today in Paris, Marseille, Lille, Nantes, Rennes, Strasbourg and many other towns and cities as students on their Easter break take to the streets in protest at proposed changes to labor reforms which are being debated in the French parliament Tuesday… Source: French Students Protest at Labor Law Changes Despite Not Being Employed Read More »

Panama Papers: information sharing could bust open secretive companies in tax havens

The essence of the problem highlighted in the major leak from the Panamanian law firm Mossack Fonseca is that the governments of tax havens still allow intermediary firms to establish shell companies or trusts and don’t comply with international standards on sharing the… Source: Panama Papers: information sharing could bust open secretive companies in tax havens Read More »

“Nuit debout” movement grows in France to push back against labor reforms

Protesters took to the street in more than 30 cities in France today, in ongoing demonstrations against proposed changes to the country’s labor laws. The growing protests have morphed into what many liken to the Occupy movement in the U.S. FSRN’s Raphaël Krafft reports from Paris. Download Audio “Night on our feet, Prime Minister Valls on his knees” demonstrators chant, referring to French Prime… Source: “Nuit debout” movement grows in France to push back against labor reforms – FSRN Read More »

When China’s far-flung fishing fleet trespasses in other nations’ waters, Beijing has its back

With fish stocks declining in much of the Asia-Pacific region, it’s tempting for fishing fleets—from any country—to venture into waters belonging to another nation. In the case of China, fishing boats appear to be giving in to that temptation with some confidence, perhaps… Source: When China’s far-flung fishing fleet trespasses in other nations’ waters, Beijing has its back – Quartz Read More »

Decision on coal mine ‘defies reason’

The decision on Sunday to approve mining leases for Queensland’s Carmichael coal mine is akin to “evil”, according to one of the world’s foremost marine scientists. “It defies reason,” said Dr Charlie Veron, former chief scientist at the Australian Institute of Marine Science. “I think there is no single action that could be as harmful to the Great Barrier Reef as the Carmichael coal mine.”… Source: Decision on coal mine ‘defies reason’ Read More »

Greens pledge to scrap capital gains tax discount and raise $119.5bn in decade

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Labor’s plan to halve capital gains tax discount would generate just $32.1bn over decade, but both parties say their policies will slow increase in housing prices.. The Greens have announced the detail of a plan to phase out capital gains tax discount over five years, raising much more revenue than Labor’s plan to halve it. Investors now get a 50% discount on the tax they pay on capital gains when… Source: Greens pledge to scrap capital gains tax discount and ... Read More »

Shaking up the Federation through taxation

This week’s announcement by the Prime Minister about a possible change in income taxation might have come as a surprise to many people. As it was pointed out by many economists, journalists and the opposition leader, the current income taxation structure, where the Federal Government collects all income tax and doles it out to the States has been in place since 1942… Source: Shaking up the Federation through taxation | Constitution Education Fund Australia Read More »

The Chinese want to buy more American companies — and we should let them

Instead of being a threat to U.S. security, it’s the best way to reduce tensions… Zachary Karabell is the head of global strategy at Envestnet, a financial services firm, and the author of “The Leading Indicators: A Short History of the Numbers That Rule Our World.” China was poised to make its largest-ever investment in the United States this past week, after the Chinese insurance group Angbang topped Marriott in a… Source: The Chinese want to buy more American companies ... Read More »