Finance

Erdoğan’s call to citizens: Sell dollars for lira, gold

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President Recep Tayyip Erdoğan called on Turkish citizens on Dec. 2 to convert their foreign exchange into gold or the Turkish Lira, adding that there was no option other than cutting interest rates to spur growth. Ηurriyet Following his remarks in Ankara, the lira saw fresh lows against the U.S. dollar. “Those who… Erdoğan’s call to… Read More »

Hebrides Range missile range secure until 2028

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The future of the UK’s largest missile range, based in the Western Isles, will be secure until 2028 following an announcement by the range’s operators that it has been awarded a £1bn contract amendment from the Ministry of Defence. (MoD) The Scotsman SHÂN ROSS QinetiQ, a leading science and engineering company, the… Hebrides Range missile… Read More »

America Needs More Energy To Power Its Manufacturing Resurgence

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Due to a confluence of technology, existing infrastructure, workforce, rule of law and markets, America is on the verge of a massive manufacturing boom that will boost domestic energy demand while adding jobs and lifting incomes. The Daily Caller Chuck DeVore The fuel for this coming boom is simple: the… America Needs More… Read More »

ABCC: The deals done to get the key industrial relations bill through the Senate

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They say politics is the art of compromise and there is no better recent example than the bill to reinstate the Australian Building and Construction Commission. ABC Jane Norman After years of political warfare, the Senate has passed the ABCC bill with the support of the One Nation Party, Nick Xenophon Team and crossbenchers David Leyonhjelm and Derryn Hinch. But it took a whole lot of compromise and cross-trading to… ABCC: The deals done to get the… Read More »

Trump expected to name financier Steve Mnuchin to Treasury

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President-elect Donald Trump is planning to name investor and former Goldman Sachs executive Steven Mnuchin as treasury secretary, opting for an industry insider with no government experience to helm the agency in charge of the nation’s finances, according to people familiar with the matter. The Washington Post By Ylan Q. Mui and Philip Rucker Mnuchin (pronounced mah-NEW-chin) joined Trump’s whirlwind… Trump expected to… Read More »

How Iran Hopes the Nuclear Deal Will Revive Its Economy

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Rouhani’s first target is the country’s corrupt banking system. The National Interest Farhad Rezaei From the beginning of his presidency, Hassan Rouhani and his team considered the Joint Comprehensive Plan of Action (JCPOA) negotiated between Iran and… How Iran Hopes… Read More »

The economy may collapse soon: Daron Acemoğlu

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The Turkish economy may collapse in a couple of years if politicians do not show the West that the economy is trust-worthy, Daron Acemoğlu, Professor at the Massachusetts Institute of Technology (MIT), told the daily Hürriyet. Çınar Oskay – ISTANBUL “Economic growth comes from consumption and consumption is encouraged by loans. This is not… The economy may… Read More »

Poll: Two thirds of Scots back currency union post-independence

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More than two thirds of Scots want to keep using pound sterling if the country votes for independence, a new poll has found. The Scotsman The BMG poll for The Herald found that 64 per cent of those polled would prefer a currency union with the… Poll: Two thirds… Read More »

Germany’s Chinese investment problem

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European firms are being snapped up by China companies, and that’s causing headaches in Berlin. By JANOSCH DELCKER HAMBURG, Germany — In the conflict between Beijing, Berlin and Brussels over skyrocketing investment by Chinese firms in… Germany’s Chinese investment… Read More »

Joyce McMillan: The great right-wing economic project has failed

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Markets show hypocrisy over borrowing levels that would have seen a Labour government lambasted writes Joyce McMillan Outside, the weather is cold and strange, far more chill than in most recent autumns; and there’s a cold climate indoors… The Scotsman By JOYCE MCMILLAN Joyce McMillan: The… Read More »

There’s great potential in maritime heritage

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Leaders recently adopted the African Charter on Maritime Security, Safety and Development. Daily Nation By PAUL ODHIAMBO The charter has been developed at a time when African states are rethinking the potential of the blue economy in their territorial waters and… There’s great potential… Read More »

First Int’l Bank in Swiss unit sale talks

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The advantage of confidentiality in Swiss banking has been eroded and banks frequently find no substantial added value to offer their customers. Irit Avissar First International Bank of Israel (TASE: FTIN), controlled by Zadik Bino, is in negotiations to sell its business in Switzerland. The bank… First Int’l Bank in… Read More »

China to fill trade vacuum left by Donald Trump

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Donald Trump has thrust China into the driver’s seat on world trade by killing off the TPP, which may relieve Australian workers and consumers. Jackson Stiles President-elect Trump confirmed on Tuesday he will withdraw the US from Trans-Pacific Partnership negotiations on his first day in… China to fill… Read More »

Tony Blair wonders what’s gone wrong with politics. How sad he can’t see it

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He oversaw the Iraq war and calamitous financial deregulation, and did lucrative work for foreign tyrants. Owen Jones No wonder faith in the centre-left has evaporated. If Tony Blair is the answer, then the question is high on illicit substances. He is reported to… Tony Blair wonders what’s… Read More »

Treasury warns Israel’s growth rate may not be sustainable

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The Finance Ministry says new car purchases and Intel’s fab upgrade are among the main causes of recent high growth Globes Moshe Golan “The figures for the composition of growth in 2016 could indicate that the current growth rate is not necessarily sustainable,” the Ministry of Finance chief economist states in his… Treasury warns Israel’s… Read More »

US dollar eases slightly after a week-long surge

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US dollar eases slightly after a week-long surge | i24news – See beyond By Yoni Dayan ‘Now that we have a new administration on the way, the dollar’s rally has received a fresh dose of octane’ The US dollar eased slightly after a week-long surge pushed the… US dollar eases… Read More »