Finance

Parliament could force banking inquiry despite hostile Coalition, says Senate clerk

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Exclusive: Key adviser says rare and powerful ‘commission of inquiry’ could be launched without government approval if both houses vote in favour Gabrielle Chan The opposition and minor parties could force a rare and powerful “commission of inquiry” into the banks if the Coalition refuses a royal commission, according to the… Source: Parliament could force banking inquiry despite hostile Coalition, says Senate clerk | Australia news | The Guardian Read More »

Why the most resilient farmer cannot continue living on on fast-thinning hope

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Of late we have seen many positive but isolated efforts to upgrade the agriculture sector. By  GEORGE WACHIRA But these efforts may need to be raised to a higher level of national priority and visibility to make the big difference. The prime objectives in agriculture remain urgent jobs delivery, increased grassroots incomes, food security, and… Source: WACHIRA: Why the most resilient farmer cannot continue living on – Opinion and Analysis Read More »

London house prices set for post-Brexit fall

Home values will fall for the first time since 2009 next year on economic uncertainty Home values in London will fall for the first time since 2009 next year on economic uncertainty resulting from the UK’s vote to leave the European Union, according to real estate broker Countrywide… Source: London house prices set for post-Brexit fall Read More »

US and Asian buyers seek to cash in on weak pound

US and Asian companies are ramping up their interest in British firms as they look to capitalise on sterling’s collapse following the EU referendum. Despite fears that Brexit uncertainty would choke off M&A activity, dealmakers have seen a growing appetite from American, Chinese and Japanese firms looking to buy British, as the pound struggles to recover from record lows… Source: US and Asian buyers seek to cash in on weak pound – The Scotsman Read More »

UK’s De La Rue to compete for currency printing contracts

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British bank note printer De La Rue will be subject to competitive bidding for the impending multi-billion shilling contract to print new Kenyan currency despite co-owning the Nairobi subsidiary with the government.. Treasury secretary Henry Rotich said the joint venture agreement that was signed yesterday had no exclusivity clauses for the British firm, which has printed… Source: UK’s De La Rue to compete for currency printing contracts – Politics and policy Read More »

Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean

When it comes to oil and gas exploration and production, Egypt is in a different league than its neighbors in the Eastern Mediterranean. CAROLE NAKHLE Its oil activity spans more than one century and the country enjoys a colorful corporate landscape where large and small international companies and national companies cooperate and continue to make significant discoveries. From a regional perspective, having such a major competitor right at their… Source: Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean – Carnegie ... Read More »

GST: India’s taxing simplification stew

Indian shares,  after ending July ahead 5% on the MSCI Index despite price-earnings ratios above the emerging market average, were further buoyed with the unanimous passage of a national goods and.. The constitutional amendment culminated a decade-long effort under both the previous Congress Party and current BJP governments, and as a… Source: GST: India’s taxing simplification stew – Asia Times Read More »

America Is Smashing Russia and OPEC’s Grip On The Oil Market

The shale gas revolution in the United States is overturning the old order. Anthony Fensom Far from being threatened by recent weak prices, America’s status as an emerging energy superpower has solidified in 2016, weakening OPEC’s grip over the… Source: America Is Smashing Russia and OPEC’s Grip On The Oil Market | The National Interest Read More »

Freefall: from self-employment to unemployment

Rose, Joe, Jean and Gerard all worked for themselves. When the recession hit they had nothing to fall back on. Are things about to get better for Ireland’s 325,000 self-employed? Patrick Freyne ‘You drive around the country,” says Ray Butler, the Fine Gael Senator, “and look at all those closed-down shops in little towns and villages. They represent lives and families and people’s stories. They’re all self-employed people… Source: Freefall: from self-employment to unemployment Read More »

Green Gold: Global Avocado Boom Destroying Mexico’s Forests

Extreme demand for avocados is causing deforestation, along with other negative environmental effects, in Mexico, due to high profits for the fruit.. According to Mexico’s National Institute for Forestry, Farming and Fisheries Research, farmers are illegally destroying large areas of forest in the mountains of Michoacan, a… Source: Green Gold: Global Avocado Boom Destroying Mexico’s Forests Read More »

EU to invest €187.5m in Estonia-Finland gas pipeline

The European Union (EU) is set to invest €187.5m in the first Estonia-Finland gas pipeline, which will be known as Balticconnector. EU will also support infrastructure that is needed to unite the energy markets. The new pipeline will put an end to the gas isolation of Finland and… Source: EU to invest €187.5m in Estonia-Finland gas pipeline – Hydrocarbons Technology Read More »

Putin-Erdogan meeting in St. Petersburg: Economy before politics

According to experts, talks between the Russian and Turkish presidents in St. Petersburg on Aug. 9 yielded impressive results on economic issues. At the same time analysts warn that many elements in relations between Moscow and Ankara depend on whether or not solutions to political problems will be found, primarily concerning the Syrian issue… Source: Putin-Erdogan meeting in St. Petersburg: Economy before politics | Russia Beyond The Headlines Read More »

Does TPP matter? Does Singapore matter?

During his recent trip to the US, Singapore Prime Minister Lee Hsien Loong, along with US President Barack Obama, made a joint pitch for the ratification of Trans-Pacific Partnership (TPP) trade agreement. However, the hope that the TTP would form the foundation of a robust and prosperous East Asian security regime centered on economic integration and positive US engagement is fading as China… Source: Does TPP matter? Does Singapore matter? – Asia Times Read More »

Sharing economy will have dramatic effect on workplace conditions, says law firm

In a world of digital disruption with the likes of Uber and Airbnb, the focus is now turning to how rapid changes to business and lifestyles could translate to the workplace. In a report released today, law firm Corrs Chambers Westgarth said there would be likely challenges to legal rights for both employers and employees given the move to contracting and more flexible work arrangements… Source: Sharing economy will have dramatic effect on workplace conditions, says law firm – ABC ... Read More »

IMF admits disastrous love affair with the euro led to immolation of Greece

The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory. Ambrose Evans-Pritchard Source: IMF admits disastrous love affair with the euro led to immolation of Greece Read More »

Yahoo sold for $4.8bn to telecom giant Verizon

US mobile network provider buys the struggling internet company after a five-month auction.. Yahoo has agreed to sell its core assets to telecom giant Verizon for $4.8bn, ending a 20-year run by the internet pioneer as an independent company… Source: Yahoo sold for $4.8bn to telecom giant Verizon – News from Al Jazeera Read More »