Finance

The Demise of the Anatolian Tiger

Turkish Lira 1a Reuters LLLL

Turkey’s Struggling Economy Turkey’s economy is suffering badly amid the country’s political… By Maximilian Popp Spiegel Investors have lost confidence, tourists are staying away and the lira is rapidly losing… President Erdogan hasn’t grasped the severity of the… Until recently, Haci Boydak was a… The Demise of… Read More »

The Trump Administration’s Potentially Constructive Objectives for NAFTA

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After a campaign in which presidential candidate Donald Trump(link is external) vilified the North America Free Trade Agreement (NAFTA) as one of the worst trade deals in history, the… Jeffrey J. Schott (PIIE) Photo Credit: REUTERS/Eric Thayer In a few areas, as expected, new US goals sharply deviate from past US practice and the provisions of the… These need clarification and… But in a draft letter… The Trump Administration’s… Read More »

Brexit kick-off: a historic day for the EU anticlockwise

May - European Sting

The beginning of the two-year negotiations is about to begin as UK submits today the letter to the EU today informing the latter about the decision of the British people to leave the bloc. Chris Anyfantis European Sting However, it is still too early to say whether a deal will be reached within the timeframe that is set in Article 50 since two years is a very short time when dealing with such a very complex agreement. Financial markets haven’t… ... Read More »

How to make an Internet of Intelligent Things work for Africa

Africa - The Conversation

Late in 2016 Senegal’s Banque Regionale De Marches announced the launch of the eCFA Franc; a cryptocurrency for the countries of the West African Monetary Union – Senegal, Cote d’Ivoire, Benin, Burkina Faso, Mali, Niger, Togo and Guinea-Bissau. Martin Hall The Conversation This and similar innovations mark the coming of age of a new generation of applications – an Internet of Intelligent Things – that could provide a new infrastructure for economic development across Africa. The Internet of… How to ... Read More »

Third of Australian youth have no job or are underemployed, report finds

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Youth jobless rate rises to 13.5% and underemployment to 18%, hitting highest level in 40… Helen Davidson The Guardian Almost one-third of Australian young people are unemployed or underemployed, the highest level in 40 years, according to a… The rate of underemployment – now at 18% – has become an entrenched feature of the… Third of Australian… Read More »

Greece to Break Off Face-to-Face Review Talks as Issues Persist

Athens Parliament

Greece and the institutions managing its bailout review will break off negotiations in Brussels without having cleared a path to conclude the deliberations that would release needed rescue funds. Marcus Bensasson Bloomberg Finance Minister Euclid Tsakalotos, who was meeting with officials from the euro area and the International Monetary Fund, will return to Athens by Saturday, a Greek government officials said in a text message. The two sides… Greece to Break… Read More »

A threat to globalism

Arab news

The G-20 convened its first summit during the global financial crisis in 2008, sending a signal to the world that emerging markets deserved a greater role in global finance and trade. John Defterios Arab News After the Trump administration last weekend shaped a final communique that was against free trade, many are beginning to question the future role of the G-20 and all the institutions born after World War II including the… A threat to… Read More »

This 50 Year-Old Economics Book Helps Explain the Corporate Republic We Live In

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Revisiting my father’s great work of theory can help us figure out what will take the place of faith in the free… James K. Galbraith The Nation The New Industrial State was my father’s great work of theory. First published in 1967, nearly a decade after the triumph of The Affluent Society, The New Industrial State went beyond criticism of… This 50 Year… Read More »

PM: Timor-Leste should be in WTO

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Prime Minister Hun Sen yesterday called for Timor-Leste to be made a member of the World Trade Organization (WTO), so the… Khmer Times Mr. Hun Sen made the call at the opening of the Fifth China Round Table on World Trade Organization Accessions in… Mr. Hun Sen recalled how joining the WTO in 2004 helped Cambodia open its… PM: Timor-Leste… Read More »

How homophobia hurts workers and businesses

Homophobia - ABC

Homophobia is costly to workers and the businesses that employ them, research shows. Raymond Trau ABC Unfortunately, it’s still prevalent in Australia and the latest lobbying from 34 business leaders for marriage equality emphasises the need for it to be addressed both within and outside the workplace. It’s little wonder… How homophobia hurts… Read More »

EU income inequality and the Great Recession

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EU-wide income inequality declined notably prior to 2008, driven by a strong process of income convergence between European… Eurofound The Great Recession broke this… After 2008, income convergence has been sluggish, while inequality within many countries has increased… Despite the implicit… EU income inequality… Read More »

British banks handled vast sums of laundered Russian money

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Exclusive: Billions of dollars were moved out of Russia in ‘Global Laundromat’ operation, with anonymously owned UK companies playing major… Luke Harding, Nick Hopkins and Caelainn Barr The Guardian Britain’s high street banks processed nearly $740m from a vast money-laundering operation run by Russian criminals with links to the Russian government and the KGB, the… British banks handled… Read More »

Empire 2.0 is dangerous nostalgia for something that never existed

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Hopes that post-Brexit Britain can boost Commonwealth trade is ill-founded Those countries have moved on… David Olusoga The Guardian When Lord North, prime minister at the time of the American revolution, received the news that British forces had lost the war, and with it the… Empire 2.0 is… Read More »

Reunited Cyprus’ property compensation bill

Achilleas Demetriades 1a LLLL

His vast legal experience in displaced persons’ property cases before Strasbourg-based EU courts have prompted Nicosia lawyer… Annie Charalambous in-cyprus “Because, at the end of the day, one has to think for himself and decide whether he/she is part of the solution or part of the problem… “I am not an economist, but I adopted a model on an X and… Reunited Cyprus’ property… Read More »

Arthena uses data science to find the best investments in art

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We all have our opinions about art (even if that opinion is just I don’t get it) — but what about art as an investment? TechCrunch Arthena, which is part of the current batch of startups at Y Combinator, says it can help investors make money reliably from… Founder and CEO Madelaine D’Angelo said Arthena first launched… Arthena uses data… Read More »

G20 finance ministers drop anti-protectionist pledge

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Finance ministers from world’s biggest economies have dropped an anti-protectionist commitment after opposition from the… BBC G20 ministers left the two-day meeting without renewing their long-standing pledge to bolster free… Last year, the group of the world’s 20 largest economies vowed to “resist all forms of… G20 finance ministers… Read More »