Finance

Cliff Taylor: Trump’s tax package is bad news for Ireland

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US president plans to increase taxes on those importing to sell into the American market Cliff Taylor The Irish Times From an Irish viewpoint, the tax debate in the US has taken a nasty… At their worst, the proposals now on the table could fundamentally change the world of foreign direct… Cliff Taylor: Trump’s… Read More »

The Chinese companies’ rise

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The IDC released a report on China’s 2016 smartphone market on Monday, where the most surprising result sees Apple losing market share for 4 percentage points on 2015, ending the 2016 with a… ALBERTO SPERINDIO, Xi’an Jiaotong University Asia Times The real market giants have been Oppo and Vivo, two sister companies based in Guangzhou, even… The Chinese companies… Read More »

No justification for IMF to be part of Greek rescue: ECB’s Nowotny

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VIENNA (Reuters) – There is no economic or political justification for the International Monetary Fund (IMF) to be part of the Greek rescue program, European Central Bank (ECB) Governing Council member Ewald Nowotny told an… Investing  The IMF and the European Union have been at odds over the terms of the… No justification for… Read More »

Australia Post salary scandal highlights our nation’s growing wage inequality

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How much more than an average worker should a… Research shows Australians believe CEOs should earn eight… Carl Rhodes  The Conversation It is perhaps unsurprising, then, that revelations about the salary of Australia Posts CEO Ahmed Fahour have caused a… Fahour’s pay is estimated at up to 119 times that of a Australia Post salary… Read More »

Amazon warns that trade protectionism could hurt business: filing

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(Reuters) – Amazon.com Inc (O:AMZN) warned on Friday that government actions to bolster domestic companies over foreign competition could hurt its business, in a potential reference to U.S. President Donald Trump’s “America First… Jeffrey Dastin Investing In a routine description of regulatory risks in its 2016 annual filing, the… Amazon warns that… Read More »

Machines Can Replace Millions of Bureaucrats

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When it comes to robots displacing humans from the job market, government bureaucrats are generally not what springs to… Leonid Bershidsky Bloomberg The recent McKinsey report on the future of jobs estimates the automation potential of administrative jobs at just 39 percent, far less than the… And yet the… Machines Can Replace… Read More »

A Quiet Giant of Investing Weighs In on Trump

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He is the most successful and influential investor you have probably never heard… Andrew Ross Sorkin  The New York Times His writings are so coveted and followed by Wall Street that a used copy of a book he wrote several decades ago about investing starts at $795 on Amazon, and a new copy sells for as much as… Perhaps that’s… A Quiet Giant… Read More »

The week in finance: US banks jump on deregulation, China tightens and RBA to hold

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After a recent loss of momentum, the so-called “Trump Trade” has bounced back on news the new administration will be taking the knife to tougher bank laws put in place in the wake of the… By business reporter Stephen Letts ABC The banking sector drove the S&P 500 up 0.7 per cent to just short of a… The ASX 200 futures were bid… The week in… Read More »

Trump’s trade advis​​er says Germany uses euro to ‘exploit’ US and EU

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Peter Navarro, head of new National Trade Council, claims currency is ‘grossly undervalued’, sending it to eight-week… Nick Fletcher The Guardian Donald Trump’s top trade adviser has hit out at Germany and accused the country of gaining an unfair trade advantage from the… In a sign that the… Trump’s trade advis​​er… Read More »

Whispers of ‘Grexit’ start again

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With Athens, EU creditors, and the IMF deadlocked on the bailout talks, some fear a renewed crisis. Simon Marks Politico ATHENS — Two years ago, Alexis Tsipras, the then 40-year-old leader of Greece’s Syriza party, swept to victory in snap elections claiming an end to the “vicious cycle of austerity” and years of “humiliation and suffering.” Now a veteran prime minister… Whispers of ‘Grexit’ start… Read More »

Euro ‘could fail’, says man tipped as US ambassador to EU

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The man tipped to be Donald Trump’s ambassador to the European Union has told the BBC the single currency “could collapse” in the next 18 months. Kamal Ahmed BBC News Professor Ted Malloch said he would “short the euro” – taking a market position which bets on the value of the currency falling. He also said Britain could… Euro ‘could fail’, says man… Read More »

Perspective for ‘Turkish Stream’ Project: Possible Scenarios and Challenges

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Following the cancellation of South Stream, Russia announced its plans to reroute the pipeline to Turkey, instead of… Ilgar Gurbanov * Natural Gas World The new pipeline was dubbed “Turkish Stream”, with same capacity of South Stream, but less vulnerable to EU competition… “Turkish Stream” has also experienced… Perspective for ‘Turkish… Read More »

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

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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 »

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

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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

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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

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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 »