Business

The supermarket that shook Croatia

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Croatian Prime Minister Andrej Plenković’s coalition has fallen apart over a rescue plan for a food and retail giant. ZORAN RADOSAVLJEVIĆ Politico  It’s the supermarket group that’s too big to fail. But attempts to save it brought down Croatia’s ruling center-right coalition and may force an early parliamentary election. The story of Agrokor, a food and retail concern that employs around 60,000 people across southeastern Europe, has… The supermarket that… Read More »

Michael Heseltine: ‘Signing article 50 is the worst decision we’ve made’

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Lord Michael Heseltine, 84, the senior politician and businessman, reflects on what he owes his dyslexia, his fears over Brexit and why he has no plans to… Tim Adams The Guardian At my age there is no such thing as a good winter. There is a wonderful day in mid-March when you feel the sun on your back for the first time, and it straightens… I was no good at games and the only time I came top of the ... Read More »

Automakers: UK car industry will stall without Brexit deal

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British carmakers will struggle to absorb costs and face problems over rules of… JAKOB HANKE & JOSHUA POSANER Politico Britain’s car industry has issued a stark warning that it will struggle to compete if Prime Minister Theresa May delivers on a threat to walk away from an… The nightmare scenario for British industry is that the U.K. will crash out of the EU without a trade deal in 2019 and move on to tit… Automakers: UK car… Read More »

Eureka! the price is right

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Asia Times had one excited economist this week as a deeper delve into the first-quarter growth data threw up some intriguing… STEVE WANG Asia Times Anyone fortunate enough to have shared an office with a follower of the dismal science will know that when a eureka moment strikes, the… “I’d like to thank my mom, my first grade math teacher, professor Ma … ad… Eureka! the price… Read More »

MONA’s David Walsh defends ‘slaughter’ art show, says public outrage good for business, Tas economy

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David Walsh, millionaire founder of Tasmania’s acclaimed Museum of Old and New Art, responds to the controversy surrounding an upcoming performance a… James Dunlevie ABC Walsh suggested the backlash to a three-hour “installation” directed by Austrian artist Hermann Nitsch, titled 150 Action, had served his purposes and “spiked a… The work is described by MONA as “a… MONA’s David Walsh… Read More »

‘Need to protect interest in Exclusive Economic Zone’

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CM also appeals for steps to safeguard fishermen from attack by Sri Lankan… TAMIL NADU The Hindu Chief Minister Edappadi K. Palaniswami on Monday urged that the Indian fishermen must be protected from attacks (by Sri Lankan Navy) and called for safeguarding the maritime interests of the… Speaking at an event on board INS Chennai , which was dedicated to the… ‘Need to protect… Read More »

Minister: Watch over EEZ

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IT is imperative to stay alert and keep a close watch over our exclusive economic zone (EEZ), says Minister for Fisheries Semi… Alisi Vucago Fiji Times He said monitoring our territorial waters was imperative to not only monitor illegal fishing, but also other activities including the trafficking of drugs and… “We need to plan for the future and secure our expansion in… Minister: Watch over… Read More »

China factories put weight behind forecast-busting 6.9% GDP

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Economic growth accelerates in first quarter as signs emerge of recovery taking broader… STEVE WANG and BEN RICHARDSON Asia Times China’s economic growth accelerated for the second straight quarter, beating expectations as a robust performance by the nation’s manufacturers weighed in… Growth in the secondary sector of the economy — manufacturing and… China factories put… Read More »

CGA to buy devices to protect EEZ

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The Coast Guard Administration (CGA) is to buy thermal imaging devices and drones to boost its efforts in deterring Chinese fishing boats from… Cheng Hung-ta and Jonathan Chin Taipei Times Lee made the announcement at a meeting of the legislature’s Internal Administration Committee, during which lawmakers demanded that the… Lee was reporting to the committee in connection with the… CGA to buy… Read More »

Finally, a breakthrough alternative to growth economics – the doughnut

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Instead of growth at all costs, a new economic model allows us to thrive while saving the… George Monbiot The Guardian So what are we going to do about it? This is the only question worth asking. But the answers appear… Faced with a multifaceted crisis – the capture of governments by billionaires and their lobbyists, extreme inequality, the rise of demagogues, above all the… Even if they had the courage to act, they have no idea what to… Finally, ... Read More »

Explainer: how wage growth contributes to the economy

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The Fair Work Commission is considering whether to increase Australia’s minimum wage. The Australian Council of Trade Unions is arguing for a A$45-a-week… Graham White  The Converstation Industry, arguing that currently business has limited ability to afford wages increases, wants the increase capped at 1.5% (closer to… While I suspect most people immediately focus on wages as a… Explainer: how wage… Read More »

A Woman’s Death Sorting Grapes Exposes Italy’s ‘Slavery’

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SAN GIORGIO IONICO, Italy — Her husband can still recall how Paola Clemente used to set two alarms to make sure she woke in the… GAIA PIANIGIANI The New York Times There, she would pick and sort table grapes up to 12 hours, taking home as little as 27 euros a day, about $29, after middlemen… Her death of a heart attack at 49 in the fields has set off nearly two… A Woman’s Death… Read More »

Toward an enlightened environmentalism

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The relationship between business, politics and the environment is about to become more complicated. Mark Malloch Brown Arab News As US President Donald Trump’s administration threatens to dismantle vital environmental protections, some of which have existed for decades, business leaders are increasingly recognizing — and acting upon — the need for… Toward an enlightened… Read More »

Anti-graft body investigating China’s chief insurance regulator

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Xiang Junbo, head of the China Insurance Regulatory Commission and a member of the central bank’s monetary policy committee, is suspected of ‘serious disciplinary violations’, a… Reuters Asia Times The head of China’s insurance regulator is being investigated for… China’s top leaders have pledged this year to… Anti-graft body… Read More »

Crude oil jumps, yen gains, stocks slide as US attacks Syria

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Bonds and other so-called safe haven assets gained in Asia trading ASIA TIMES AND REUTERS Asia Times Oil prices jumped and the yen gained against the US dollar in Asia on Friday after the United States fired multiple cruise missiles at… Brent crude futures, the international benchmark for oil, jumped by… US President Donald Trump said he had ordered missile… Crude oil jumps… Read More »

Banks Join NFP Job Programs to Help Refugees

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Two major Australian banks are pushing their social responsibility activities into assisting refugees into work – and while one is celebrating a… Pb Welfare not-for-profit the Brotherhood of St Laurence and ANZ are celebrating a 10 year partnership which has supported 170 people from refugee and… Brotherhood executive director Tony Nicholson said the… Banks Join NFP… Read More »