Business

Republicans step up push for Arctic drilling in wildlife refuge

WASHINGTON, D.C. (Bloomberg) — Far above the Arctic Circle, one of the longest-running controversies in U.S. oil drilling is about to… ALEX NUSSBAUM World Oil Bouyed by Donald Trump’s election, Republicans are pushing to allow oil exploration in the Arctic National Wildlife Refuge, the… Republicans step up… Read More »

George Soros: Theresa May won’t last and Donald Trump is ‘would-be dictator’

Billionaire investor delivers bleak Brexit forecast at World Economic Forum and says Donald Trump is ‘gearing up for trade war’ but will… •Donald Trump inauguration live: the world holds its breath •Inauguration day schedule: our guide to the day Graeme Wearden, Larry Elliott in Davos and agencies The Guardian Theresa May will not remain in power long as Brexit cripples her government, while Donald Trump is a… George Soros: Theresa… Read More »

Doing Business With Putin

A Test For Leaders Who Tried Henry Meyer and Ilya Arkhipov Bloomberg “If Putin likes Donald Trump, I consider that an asset, not a liability,” the incoming U.S. president said at a January 11 press conference. But other U.S. and European… Doing Business With… Read More »

Taiwan joins global anti-nuclear trend

Island’s legislature approves changes to shut down all nuclear power plants by 2025, following a global movement since Japan’s Fukushima disaster in 2011 Liu Hsiu Wen Asia Times The government will shut down all of the island’s nuclear power plants and liberalize the domestic market by 2025 in Taiwan’s biggest energy reforms in three decades. Lawmakers approved changes to… Taiwan joins global anti-nuclear… Read More »

A Fresh Start for Former Offenders

Social enterprise Fruit2work creates second-chance jobs, hiring former offenders to pack and deliver fresh fruit to businesses around Melbourne. Ellie Cooper Pro Bono Australia Statistics show that employment for former offenders is linked to an increase in their sense of self-worth and financial security, and a decreased likelihood of reoffending. But sadly, unemployment among… A Fresh Start for Former… Read More »

Middle classes in crisis, IMF’s Christine Lagarde tells Davos 2017

IMF head wins support from outgoing US vice-president Joe Biden as she uses American term for working people in demanding action over rising… Larry Elliott in Davos The Guardian The head of the International Monetary Fund, Christine Lagarde, has called for urgent action to tackle a “middle-class crisis” hitting working people as… Middle classes in… Read More »

Border tariff fears as UK edges towards hard Brexit

Theresa May expected to say Britain prepared to exit single market and customs union Pat Leahy, Gerry Moriarty The Irish Times Fears that Britain will leave the European Union’s customs union, raising the prospect of tariffs on goods moving across the Border, have intensified in Dublin following leaks of British prime… Border tariff fears… Read More »

For Israel, energy boom could make friends out of enemies

ABOARD THE ATWOOD ADVANTAGE — In the ship’s control room, facing four video screens, a driller from Mississippi in dark shades and a black baseball cap with a skull on it held what could be the future of Israel in his… Peter Baker, New York Times The Boston Globe The massive drill he controlled extended down 11,345 feet, more than 2 miles below the… For Israel, energy … Read More »

Are global stock markets headed for a meltdown?

Bank of America calls it the Icarus Trade. Global stock markets will surge by another 10 per cent in a parabolic “melt-up” this quarter, akin to the final stage of the… Ambrose Evans-Pritchard The Daily Telegraph, London The Sydney Morning Herald This will be followed by a mirror “melt-down” later in 2017 as the US Federal Reserves squeezes global liquidity, and rising bond yields puncture the… Are global stock… Read More »

‘China will be biggest loser under protectionist Trump’

Customs agency official says export growth by world’s largest trading nation will be limited if US president-elect imposes greater trade measures Reuters Asia Times US president-elect Donald Trump may limit the growth of China’s exports by imposing greater trade protectionist measures, the mainland customs agency said on Friday. China is the biggest loser in… ‘China will be biggest loser… Read More »

The calm before the storm for China inflation

Acceleration of supply side reforms may push up consumer prices faster than expected, with medical inflation already at its highest since 1997 Steve Wang Asia Times China economists have been nodding off at the wheel on inflation figure predictions, underestimating how quickly prices are rising across factory gates and potentially overlooking the trickle down effect on consumers. The biggest surprise in… The calm before the… Read More »

Fiat Chrysler accused of emission cheating by U.S.

Fiat Chrysler CEO Sergio Marchionne has denied any wrongdoing, saying the Environmental Protection Agency was blowing the issue out of proportion. By TOM KRISHER Associated Press MICHAEL BIESECKER The Associated Press The Star WASHINGTON—The U.S. government accused Fiat Chrysler on Thursday of failing to disclose software in some of its… Fiat Chrysler accused… Read More »