Business

What other industries can learn from the failures of greyhound racing

By Roger Burritt, University of Kassel and Katherine Christ, University of South Australia Those in the greyhound racing industry were surprised by Premier of New South Wales Mike Baird’s announcement on the banning of the industry in NSW from July 1, 2017, which was closely followed in the ACT. But the writing has been on the… Source: What other industries can learn from the failures of greyhound racing – SmartCompany Read More »

Estimated cost of Hinkley Point C nuclear plant rises to £37bn

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Critics point to volatility of scheme but energy department says price ‘will not affect bill payers’.. The total lifetime cost of the planned Hinkley Point C nuclear power plant could be as high as £37bn, according to an assessment published by the UK government. The figure was described as shocking by critics of the scheme, who said it showed just how volatile and uncertain the project had become, given that the same energy department’s estimate 12 months earlier had been ... Read More »

Dick Ahlstro: the genetically modified human – has its time come? 

It should be possible to improve our immunity against viruses and cancer.. Learning how to read DNA, the blueprint for life, has revolutionised science and medicine. It gave us new ways to intervene in disease, a deeper understanding of evolution and relatedness and the potential to introduce modifications in humans, animals and plants. Now a group of US scientists argue it is time to move on from just reading an existing genome, to writing the genetic code… Source: Dick Ahlstrom: ... Read More »

‘Credibility of Europe’s trade policy at stake’

Commission dubbed ‘traitors’ for handing over approval of Canada trade deal to national parliaments.. If there was ever such a thing as an easy trade deal for the EU, Canada was supposed to be it. As Chrystia Freeland, Canada’s trade minister, put it last month: “If the EU cannot do a deal with Canada, I think it is legitimate to say: Who the heck can it do a deal with?”… Source: ‘Credibility of Europe’s trade policy at stake’ – POLITICO Read More »

Amazon is quietly eliminating list prices

Amazon is quietly changing how it entices people to buy… Source: Amazon is quietly eliminating list prices Read More »

ECB asks Italian lender to cut bad loans by 40%

Monte dei Paschi may have to raise capital quickly to meet the ECB’s target.. The European Central Bank has asked Italy’s third-largest lender, Banca Monte dei Paschi di Siena, to slash its bad debts by 40 per cent to €14.6 billion over three years, heaping more pressure on Rome and Brussels to stabilise the Italian banking system… Source: ECB asks Italian lender to cut bad loans by 40% Read More »

The market is getting the Fed wrong, JPMorgan’s Lebovitz says

The Federal Reserve could very well increase rates once this year, even though the market is not expecting it, David Lebovitz, global market strategist at JPMorgan Asset Management, said Friday. “I’m not exactly sure the market is getting this right. The first-quarter growth numbers, they were weak. We saw GDP revised down to 1 percent, which is half of the average growth rate we’ve seen over the course of the recovery,” Lebovitz told CNBC’s “Squawk Alley.”… Source: The market is ... Read More »

Brexit: Uncertain outlook for EU ‘fish pond’ as sea boundaries are redrawn

Oblivious to Brexit, fish know no boundaries – but fishermen will be held to account, conference told.. Lorna Siggins When Donegal fisherman Cara Rawdon puts to sea from Greencastle on the Inishowen peninsula he doesn’t have to steam too far before he is in British waters… Source: Brexit: Uncertain outlook for EU ‘fish pond’ as sea boundaries are redrawn Read More »

EU to Ireland: You cannot go back on water charges

Commissioner Karmenu Vella tells MEP country must not back out of commitment.. The European Commission has insisted Ireland cannot abolish water charges without breaching European law. In a written response to MEP Marian Harkin, the Commission said Ireland had committed to water charges in 2010 and it could not revert on that… Source: EU to Ireland: You cannot go back on water charges  Read More »

Nirmala Sitharaman talks of pulse imports from Burma, Africa

Commerce and Industry Minister Nirmala Sitharaman today said pulses will be imported from Burma, Africa and Canada and 1 lakh tonnes of lentil will be available in markets soon to keep a lid on prices.. The government is also encouraging farmers to increase production of pulses. Sitharaman, who was at Bilaspur to highlight achievements of the Modi… Source: Nirmala Sitharaman talks of pulse imports from Burma, Africa | The Financial Express Read More »

Fintan O’Toole: Brexit fantasy is about to come crashing down

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Brexit vote reveals rancour and distrust at the heart of the English body politic.. Mark Paul and Joe Brennan look at how Brexit will affect the Irish economy. Did you ever see a slightly drunk man trying that trick with the tablecloth? He thinks he can whip the cloth off the table with a fast, clean snap, but leave all the crockery perfectly intact… Source: Fintan O’Toole: Brexit fantasy is about to come crashing down Read More »

PM: Malaysia well-positioned to face any volatility post-Brexit referendum

KUALA LUMPUR: Malaysia, which has sound fundamentals, diversified economic structure and ample liquidity in its financial markets, is well-positioned to face any volatility following the UK referendum result, said Prime Minister Datuk Seri Najib Tun Razak. “I am confident we will be able to weather this period of uncertainty. The government will also continue to strengthen the economy and further our fiscal reforms,” he said in a statement yesterday. He said exit from the 28-nation European Union (EU) would not ... Read More »

Brexit vote raises global recession fears

The risk of another global recession escalated Friday after Britain’s stunning decision to leave the European Union plunged financial markets into free fall… Source: Brexit vote raises global recession fears Read More »

World gas production increases – OPEC

Baku, Azerbaijan By Elena Kosolapova – Trend: The world marketable gas production has increased by 1.9 percent and neared 3.644 trillion cubic meters in 2015, as compared to 2014, according to OPEC Annual Statistical Bulletin 2015. The US became the largest marketable gas producer in 2015. The country’s marketable gas production increased by 5.3 percent in a year and stood at 768.83 billion cubic meters. Russia ranked second, as it produced 637.39 billion cubic meters of marketable gas in 2015, ... Read More »

China to generate a quarter of electricity from wind power by 2030

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Report says figures could rise to nearly one-third with power sector reforms, making it the world wind energy leader by a large margin.. China is on track to generate more than a quarter of its electricity from wind power by 2030, and the figure could rise to nearly a third with power sector reforms, a new study has found… Source: China to generate a quarter of electricity from wind power by 2030 | Environment | The Guardian Read More »

Refugees can offer economic boost to their host countries

Refugees are often considered an economic burden for the countries that take them in, but a new study conducted by UC Davis with the United Nations World Food Program indicates that refugees receiving aid—especially in the form of cash—can can give their host country’s economy a substantial boost. The researchers found that these economic benefits significantly exceeded the amount of the donated aid. The findings come as refugee numbers around the world are growing. In 2015, an estimated 15.1 million ... Read More »