Finance

Việt Nam’s economy grows robustly but risks intensify

HÀ NỘI — Economic growth in Việt Nam had proven resilient despite weakening external conditions, driven mainly by strong domestic demand and a dynamic export-oriented manufacturing sector, according to the… Việt Nam News According to Taking Stock, the WB’s bi-annual economic report on Việt Nam which was released yesterday, the pace of expansion was forecast to remain at 6.8 per cent this year, higher than the projected figure of 6.3 per… Over the medium term, in line with global trends, ... Read More »

VN and Greece promote trade and investment

Viet Nam News – HÀ NỘI — The Việt Nam Chamber of Commerce and Industry (VCCI) signed a co-operation agreement with the Federation of Greek Industries (SEV) and the Athens Chamber of Commerce and… The agreement was signed at the Việt Nam – Greek Business Forum, which attracted representatives from Vietnamese businesses and 16 leading Greek groups in the fields of food, olive oil production, garments and… Speaking at the forum, Greek Deputy Foreign Minister Terens-Nikolaos Quick said Việt Nam and ... Read More »

Not wiped out. Why Whyalla, of all places, now has a sustainable future

Whyalla will be wiped off the map by Julia Gillard’s carbon tax, Whyalla risks becoming a ghost town, an economic wasteland if this carbon tax goes ahead – Then opposition leader Tony Abbott, campaigning against Julia Gillard’s carbon tax in 2011. Michael O’Neil The Conversation Whyalla’s “death notice” has been written a number of times over the past 40 years, beginning with the closure of the shipyards in 1978, continuing with predictions of doom in the lead-up to the carbon ... Read More »

Sisi aspires for greater African integration

The “Africa 2018” forum held in Sharm al-Sheikh comes amid aspirations to achieve greater regional integration and to facilitate intraregional trade as well as increase investments between African… Al-Masry Al- Youm Egypt Independent He explained that this would be achieved through the implementation of joint and cross-border projects, especially in infrastructure, energy and information technology in light of the launch of the… In his speech at the opening session of the forum, Sisi said that Egypt aspires to achieve these ... Read More »

Huawei exec’s arrest opens a new front in the US-China trade war

Hong Kong (CNN Business) – The conflict between the United States and China over trade and technology is expanding. Analysis by Jethro Mullen, CNN Business The arrest of a top executive at Chinese tech giant Huawei at the request of the US government has angered Beijing, alarmed investors and raised new doubts about the fragile truce that the leaders of the world’s top two economies reached just days ago. “You have to see this as a significant escalation in the trade ... Read More »

What moves markets more, Twitter or traditional news?

Can a single tweet make a country’s currency depreciate by 16%? Apparently it did on August 10, when Donald Trump tweeted that US tariffs on Turkish steel and aluminium would rise sharply. Authors: The Conversation Amid 36,100 retweets, and calls by Turkish President Recep Tayyip Erdoğan for his people to dump foreign assets, the Turkish lira plunged. It’s not just the president of the United States that has such Twitter power. Around the same time, Elon Musk’s infamous tweet about ... Read More »

Russia’s Gas Strategy Gets Help From Turkey

The Turkish Stream pipeline will make Ankara more energy dependent on Moscow. It will also give Russia a bigger energy foothold in Europe. Marc Pierini Carnegie Europe It was November 19 in Istanbul. There, Russian President Vladimir Putin and Turkish President Recep Tayyip Erdoğan held a ceremony marking the completion of the first underwater segment of the Turkish Stream gas pipeline, linking Russia to Turkey’s European shores. The project is a vivid illustration of Moscow’s strategy to strengthen its position ... Read More »

The Pentagon Doesn’t Know Where Its Money Goes

The military finally submits to an audit, and the results are poor. The Editorial Board The New York Times After decades of ducking the legal requirement that it undergo a thorough financial audit, the Pentagon finally opened up its books to 1,200 outside accountants and analysts. The report was recentlycompleted, and here’s the good news: The Army Corps of Engineers (most of it, anyway) and the Military Retirement Fund passed the audit. The bad news: The Army, Navy, Air Force and Marines and most other ... Read More »

‘Escalation’: Trump’s meeting with Xi likely to make trade war much worse, says Goldman Sachs

President Donald Trump and his Chinese counterpart Xi Jinping will meet on the sidelines of the G20 summit in Buenos Aires, Argentina this weekend, in what is among the most widely watched bilateral meetings of 2018. Will Martin Brisbane Times There have been tentative signs that a deal may be struck, but according to analysts at Goldman Sachs, the most likely outcome of the meeting is that the trade war actually escalates. “We currently see ‘escalation’ as the most likely ... Read More »

Report of the Independent Commission for Sustainable Equality | 2019-2024

Report Join our visionary call to action for a radically different Europe, detailed across over 100 policy proposals to be pursued by progressive forces during the next term from 2019 to 2024, and embedded in a radically different approach to European governance built on a new Sustainable Development Pact! Annexes Topics Equitable society Ecological Transformation as a Social Lever Transforming Governance Sustainable Financing for Transformation ..Progressive Society… Read More »

Trump’s tariff tactics could make no-deal Brexit work for Ireland

Security exemption in WTO rules could enable tariff-free cross-Border trade David Singh Grewal, Richard Tuck The Irish Times It is widely agreed, on both sides of the Irish Sea, that a no-deal Brexit would be bad for Ireland. The UK’s Northern Ireland secretary, Karen Bradley, has even claimed that “no deal” would mean a hard border between the Republic and Northern Ireland, which in turn could end the Common Travel Area agreement between Ireland and… But, surprisingly, when World Trade Organisation (WTO) rules ... Read More »

Rio Tinto warns climate inaction poses ‘greatest long-term threat’

The new chairman of global mining giant Rio Tinto has described inaction on climate change as “perhaps the greatest long-term threat” facing the business and promised it would be part of the solution rather than the… Nick Toscano WAtoday Speaking at an investor meeting on Monday, Rio Tinto chairman Simon Thompson said society – particularly Millennials – were demanding higher standards from the companies they worked for and… He signalled a renewed emphasis from Rio Tinto’s board on environmental, social ... Read More »

How to Halt Yemen’s Slide into Famine

A Saudi-led coalition attack on the city of Hodeida risks plunging millions of Yemenis into famine and will meet fierce resistance from Huthi rebels. ICG The U.S. should stop enabling coalition offensives and international stakeholders must quickly place Hodeida under UN control. What’s new?  At the end of October, fighting reached the outer edges of the city of Hodeida, a gateway on Yemen’s Red Sea coast for trade that is a lifeline for some two thirds of the country’s population. ... Read More »

Breaking Algeria’s Economic Paralysis

Political paralysis in oil-dependent Algeria has blocked much-needed economic reform. ICG To avoid a new era of instability, the government should increase transparency and accountability within state institutions and the private sector, as well as improve opportunities for the country’s burgeoning youth. What’s new?  Since the 2014 oil price drop, Algeria’s economic model, which emerged from the civil war in the 1990s, appears increasingly unsustainable. Despite repeated reform promises, the political system remains paralysed, led by an… Why does it ... Read More »

APEC 2018: US-China clash at regional meeting leads to historic summit failure

Deep divisions between the United States and China have derailed the APEC meeting in Port Moresby, with regional leaders failing to agree on a final communique for the first time in the summit’s history. By Pacific affairs reporter Stephen Dziedzic ABC The two regional powers clashed repeatedly over the language on trade in the final document, with Beijing angrily rejecting paragraphs that called for an overhaul of the World Trade Organisation (WTO) and… The Trump administration has repeatedly accused China ... Read More »

The royal commission is about to grill the chiefs of the big four banks. Here’s why soon they mightn’t exist

It will be worth watching the final round of hearings at the banking royal commission, which begin on Monday. Pat McConnell The Conversation The chief executives of each of the big four will be recalled for reexaminations. It might be the final time they appear in the same room. It might even be the last time there’s even such a thing as the big four. Not only are the so-called four pillars under attack from the Commissioner Kenneth Hayne, but ... Read More »