Business

Fishy Brexit dilemma: Want out of EU but need the market

Skipper Lewis MacMillan rows out to his boat the Guess Again in Loch Fyne where he catches prawns | Kait Bolongaro/POLITICO

Fishermen make up some of the most enthusiastic Brexiteers, but many in the industry fear a hard Brexit. Kait Bolongaro Politico FURNACE, Scotland — The Brussels-hating fisherman has become a staple Brexit stereotype, but the U.K.’s fishing industry is in reality profoundly split over Britain’s impending EU departure. Think of an ardent Brexit supporter and you may well conjure up a fisherman dumping dead fish into the Thames or steering a trawler with Nigel Farage at its bow.  Enthusiastic Leavers shout loudly about ... Read More »

Yanis Varoufakis: ‘Brexit is like watching a train crash in slow motion’

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The rebel former finance chief, Yanis Varoufakis, is back in the saddle at London’s Greek power diner Jonathan Heaf GQ If you want to get a Greek man or woman to smash a few plates, all you need do is mention Yanis Varoufakis. On the odd occasion I mentioned I was meeting the famed Greek former minister of finance, it resulted in such a response (from his fellow countrymen and women) that I wondered why I hadn’t brought him up ... Read More »

Erdogan: Cyprus Oil Drilling Is A Security Threat To East Mediterranean

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The Eastern Mediterranean will face a security threat should Cyprus continue its unilateral operations of offshore oil and gas exploration in the region, Turkey’s President Recep Tayyip Erdo?an said in a speech at think tank Chatham… Tsvetana Paraskova OilPrice Turkey, which recognizes the northern Turkish Cypriot government and doesn’t have diplomatic relations with the internationally recognized government of Cyprus, claims that part of the Cyprus offshore area is under the jurisdiction of Turkish… Tensions in the area flared up earlier ... Read More »

Ocean’s Monopoly: How Nations Use Science to Conquer the Sea

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A look into the complex world of ocean bed ownership and how nations are vying for their own piece of the puzzle. AlJazeera What if a country didn’t end at the coastline but would simply continue under water? A territory the size of a continent would come up – a territory uncontrolled and open for seizure. But who owns the sea bed, is it territory still to… The fact that the world’s oceans cover three-quarters of the earth’s surface once ... Read More »

We’re saved! David Miliband’s back from the USA to rescue the UK from Brexit!

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THE former Foreign Secretary David Miliband will launch his UK political comeback by joining a cross-party bid to try and stop the hard Brexiteers, including Boris Johnson and Jacob Rees-Mogg, claiming they are “holding Britain to ransom”. Laura Mowat Express The new bid will call on MPs to “reject siren calls to completely sever the UK’s deep economic ties with the EU”. Mr Miliband, Nick Clegg and Nicky Morgan – who share the distinction of no longer being frontline politicians ... Read More »

How can the D.C. region absorb an Amazon headquarters if it can’t cope now with gridlock and housing costs?

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Stephanie Landrum, a leader of Alexandria’s quest to lure Amazon.com’s second headquarters to the city, promises that a proposed site in Potomac Yard could handle an influx of up to 50,000… Robert McCartney and Katherine Shaver The Washington Post “We only offer them stuff where they could fit,” said Landrum, who calls herself the “salesperson for the city” as president of the Alexandria Economic Development Partnership. “The scale of… Many residents of the nearby Del Ray neighborhood are skeptical. They already ... Read More »

‘EFTA court SUITS Britain!’ Judges bold pitch for UK to cut ties with Franco-German ECJ

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BREXIT BRITAIN should join the EFTA court which suits British values a lot more than the German and French-influenced European Court of Justice, a former EFTA court judge has claimed. Darrent Hunt Express Brexit Britain has been urged to join the European Free Trade Association court by former judge Carl Baudenbacher. Mr Baudenbacher claimed EFTA would be a solution to Brexit for the UK insisting the court shared the same values as Britain and would allow the country to remain sovereign. ... Read More »

Despite diversity drive, Japan’s carmakers struggle to hire women engineers

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Facing the worst labor shortage in decades, Japan’s carmakers have seen the light: hire more women. Nao Sano and Kae Inoue Bloomberg The Japan Times The problem is they’re all having the same epiphany at the same time, and so now find themselves fighting over the world’s smallest pool of female engineering graduates. The story of Yui Mitsuhashi illustrates the bind. Captain of a team that builds race cars at prestigious Osaka University, the 24-year-old engineering student would be among ... Read More »

Spotting the political calculus behind some acts of corporate charity

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Over the past few years, I have teamed up with fellow economists Marianne Bertrande, Matilde Bombardini and Francesco Trebbi to look into one underappreciated way that businesses may attempt to influence politicians: corporate philanthropy. Raymond Fisman The Conversation We found that what we call “politically linked charities” get more money from corporate foundations in general. We also find that when politicians gain leverage on issues tied to a company’s interests, charities in their districts get more gifts from that company’s ... Read More »

Efforts being made for optimal exploitation of Exclusive Economic Zone: PM

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ISLAMABAD : Prime Minister Shahid Khaqan Abbasi has said that greater efforts are being made for optimal exploitation of Pakistan’s Exclusive Economic Zone. Orignally published by NNI Addressing an International Maritime Symposium, under the auspices of Bahria University, in Islamabad on Monday with the theme of “Impact of Belt and Road Initiative on Geo-Economics of Indian Ocean Region”, the… He said its development is critical as almost 80% of the trade volume in the world is done by sea. He ... Read More »

Most successful entrepreneurs are older than you think

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The romanticized image of entrepreneurs is a picture of youth: a 20-something individual with disruptive ideas, boundless energy and a still-sharp mind. Silicon Valley has bet on this image for years. But is this right? Authors: The Conversation Far from it, according to our recent research with Javier Miranda of the U.S. Census Bureau and Pierre Azoulay of MIT. Our team analyzed the age of all business founders in the U.S. in recent years. We found that the average age ... Read More »

As China leads the hunt for deep-sea minerals, environmental and financial concerns come to the surface

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David Dodwell says China is putting money into undersea mining in the hope of maintaining the supply of minerals that make much of today’s technology possible, but such endeavours may threaten marine ecosystems we know little about. David Dodwell South China Morning Post Nasa may be scouring deep space for signs of life. Elon Musk might be looking to Mars. China’s scientists have had an eye cast skyward too – but, at the same time, the country seems keenly focused on challenges much ... Read More »

Portugal to Modernise Railway System and Increase Spanish Trade Via Upcoming Southern European Rail Line

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This spring, Portugal, Spain and the EU Commissioner of Transport announced plans to construct a new freight line that will link southern Portugal with Spain, upgrading Portugal’s railways and providing long-term economic benefits to the… Katrina Pirner SouthEUSummit Portugal is working in tandem with the EU to build a railway that will bring more logistical ease to companies transporting products to the country’s nieghbour and biggest trading partner, Spain. This is one of many infrastructure projects that highlights how the ... Read More »

EU says protectionism poses threat to economic growth

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BRUSSELS, May 3 (Xinhua) — The European Commission said on Thursday that the eurozone growth was still set to remain strong, but warned an escalation of trade protectionism poses threat to global economic growth. According to the Spring 2018 Economic Forecast, the growth rates for the European Union (EU) and the euro area beat expectations in 2017 to reach a ten-year high at 2.4 percent. Growth in both the EU and the eurozone is set to remain strong in 2018 ... Read More »

Balkans: The troubled IGB pipeline in flesh and blood

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Approximately 145 million euros is expected to be available shortly by the ICGB consortium managing the Gas Interconnector Greece-Bulgaria gas pipeline on the occasion of the call for tender for the design and construction of the project. By Nefeli Tzanetakou / ibna This tender foresees the completion of the gas pipeline within 18 months. The launch is planned for the end of this year. The selection of a sponsor or consortium will take place in two phases, a pre-selection, where ... Read More »

Chinese dissident: Trump, don’t trade away democratic values

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As U.S. representatives visit China this week to talk about trade negotiations, President Donald Trump and his administration have an opportunity to take advantage of a pivotal moment. Chen Guangcheng The Washington Post Trump should pressure the Chinese regime to make real, substantive change regarding the rule of law and human rights, both to form the basis of a fair and stable trade relationship going forward and to reassert America’s embrace of… In 2001, the United States granted China a legal status ... Read More »