Europe

Norway’s $1 Trillion Wealth Fund Has a First-World Problem

The world’s biggest SWF wants to cut back on the diversification of its fixed-income portfolio. It deserves a hearing, whatever the experts say. Marcus Ashworth Bloomberg It’s the very definition of a first-world problem, but Norway’s $1 trillion sovereign wealth fund is wrestling with whether to make its investment portfolio less diverse. It’s a subject that cuts to the heart of the “active manager versus passive index” debate. As part of a long-running review, which will lift the fund’s equity ... Read More »

Eerie recording reveals moment the guns fell silent at the end of WWI

On the eleventh hour, of the eleventh day, of the eleventh month, the guns fell silent. It brought an end to four years of war which crippled Europe, leaving 17 million dead including 888,246 British or Colonial servicemen. Jen Mills Metro As we approach the centenary of the Armistice on November 11, the Imperial War Museum has released a recording of the moment the war ended, patched together using recordings from their collections. The artillery activity it illustrates was recorded ... Read More »

Canada-EU Trade Deal A ‘Disappointment’ As Deficit With Europe Soars 46%

Dear Canada, free trade deals don’t make sense if you don’t sell things to your trade partners. Daniel Tencer HuffPost The conventional wisdom is that free trade deals are, on the whole, a net benefit to an economy. But that isn’t true if you don’t actually take advantage of the opportunities created by those deals. Canada has grabbed few opportunities from its one-year-old Comprehensive Economic and Trade Agreement (CETA) with the European Union. Twelve months in, it looks like European ... Read More »

Macron wants ‘Euro army’ to combat China, Russia and US

Paris: Emmanuel Macron, the French president, has called for a “real European army” to defend the continent against Russia, China and even the US. Henry Samuel The Age Telegraph, UK Mr Macron, who has pushed for a joint EU military force since his election last year, issued the call in northern France in the run-up to the centenary of the end of the First World War. “We will not protect the Europeans unless we decide to have a true European army,” ... Read More »

Scotland’s plot to REVERSE Brexit heard in top European court

A LEGAL case to reverse Brexit has made its way to the European Union’s top court. Laura Mowat Express The European Court of Justice (ECJ) will decide whether the UK can withdraw its decision to leave the EU without needing approval from Brussels. Two Scottish MEPs and two MSPs argue the UK should try to establish a legal right to stop Brexit regardless of whether the rest of the EU members agree. A Scottish court raised the case by asking ... Read More »

Macron criticizes ‘ultra-liberal’ Europe

French president points the finger at all those who have resisted his plans. By ZACHARY YOUNG AND NICHOLAS VINOCUR Politico PARIS — Emmanuel Macron is gearing up to win back his popularity and influence in the European Union — by railing against “ultra-liberals” who he says have failed the bloc’s working people. In his first appearance on a radio talk show since he was sworn in, the increasingly unpopular French president came out swinging against an EU he is better known for defending against ... Read More »

For millions of Europeans, the war did not end in 1918

Our narrative of the armistice is not the only one. In the east conflict continued, fuelled by the crumbling of empires Natalie Nougayrède The Guardian Emmanuel Macron is on a six-day tour of France’s first world warbattleground sites to commemorate the centenary of the armistice. Anyone who’s spent time in places where the 1914-18 bloodbath unfolded will know this could be an emotional visit. The fields and forests still bear the scars: the long sinuous furrows formed by the remains of ... Read More »

Khashoggi murder: how states are increasingly repressing dissidents beyond their borders

Authoritarian states have long tried to suppress dissidents who oppose the regime But in the age of globalisation, they are increasingly able to mobilise beyond their territorial borders and target political opponents overseas. Aurhors: The Conversation The brutal murder of Saudi journalist Jamal Khashoggi, a former Saudi regime insider who became a critic in self exile of Crown Prince Mohammed bin Salman, is an extreme example of this new reality. Although the precise details of Khashoggi’s murder have yet to be proved, his grim fate – he ... Read More »

Why a sack full of Russian cash won’t change UK Brexit debate

Leave voters have proved highly resistant to a change of heart on Brexit. James Randerson Politico CCTV footage emerges of Vladimir Putin entering the offices of unofficial Brexit campaign Leave.EU weeks before the 2016 referendum and handing over a sack of cash to figurehead Nigel Farage and main funder Arron Banks. Voters erupt in shock that they were duped and express indignation that a referendum on the most important British political decision in a generation was bought by a foreign ... Read More »

Foreign nationals to be allowed to join armed forces without having lived in UK amid recruitment crisis

Ministry of Defence scraps residency requirements in bid to tackle shortfall Peter Stubley Independent Commonwealth citizens who do not live in the UK will be allowed to join the British armed forces in greater numbers as part of a bid to tackle a growing recruitment crisis. The Ministry of Defence has revised residence requirements in the hope of attracting an extra 1,350 personnel a year to the army, navy and air force. At least 8,200 are needed to fill the biggest shortfall in the full time military in ... Read More »

‘May will have FIGHT on her hands!’ Fishing campaigner warns against Brexit backtracking

A BREXIT campaigner has warned that any extensions to the two year transition period will be met with fury among fishing communities. Freddie Jordan Express June Mummery, vice chairman of Lowestoft Fish Market Alliance (LFMA), told a BBC spokesperson: “We’ve had the Fisheries Bill, which is looking good. “But I just hope that it is the truth. “I hope we’re not going to get any of this backtracking again. That’s what worries me with my Prime Minister. BBC correspondent Andrew ... Read More »

Alexander Stubb’s campaign in vain

Former Finnish prime minister warns of digital upheaval in bid to be conservatives’ Spitzenkandidat. By DAVID M. HERSZENHORN Politico LISBON — It was more TED talk than campaign stump speech. In a Lisbon hotel ballroom, Alexander Stubb was making his pitch to be the European People’s Party nominee for European Commission president, telling young conservatives about the risks and possibilities of the… To the EU’s usual worries about populism and Brexit, Stubb added digital dictatorships, DNA manipulation and a… Alexander Stubb’s… Read More »

Russia sends new frigate with cruise missiles onboard to Mediterranean

Russia said it deployed its new frigate with long-range Kalibr cruise missiles to the Mediterranean Sea on Nov. 5, a few months after Moscow had reinforced its naval forces off Syrian cost. MOSCOW – Reuters Hurriyet “The Black Sea Navy Fleet’s frigate Admiral Makarov left (Navy base) Sevastopol and laid a course for the Black Sea straits. The vessel will be acting in the standing naval force of the Russian fleet in the Mediterranean,” the… Russia has in the past fired Kalibr cruise missiles from ... Read More »

Turkey warns oil companies against drilling near Cyprus

President Erdoğan calls foreign energy firms ‘bandits of the sea’ for defying Ankara over hydrocarbon resources Agence France-Presse in Istanbul The Guardian The Turkish president, Recep Tayyip Erdoğan, has warned foreign oil companies against energy exploration near Cyprus, describing those defying Ankara as “bandits of the sea” who would face a similar response as its foes in Syria. Drilling for hydrocarbon resources off the coast of Cyprus, an EU member, is hugely sensitive. The northern third of the island is occupied ... Read More »

Government faces new legal challenge over plans to speed up fracking

Opponents say revised definition of fracking will allow energy firms to bypass planning rules Adam Vaughan The Guardian The government is facing a fresh legal challenge to its proposals to fast-track new fracking sites by loosening planning regulations. Ministers said this summer they would drop the requirement for shale gas wells to obtain planning permission by designating fracking sites as national infrastructure projects. Greg Clark, the business secretary, used a written ministerial statement to tell local authorities they should abide by a ... Read More »

‘Don’t criticise DEMOCRATIC choices!’ JHB savages political elite in furious rant

RADIO host Julia Hartley-Brewer launched a scathing attack on Europe’s political elite and warned they will be “punished” by voters if they “criticise democratic choices”. Charlotte Davis Express Ms Hartley-Brewer ridiculed the decision of German Chancellor Angela Merkel, who, in 2015, declared all Syrian asylum-seekers welcome to remain in Germany no matter which EU country they first stepped foot in. The radio host hit out at Mrs Merkel’s decision and said “no one bothered to ask the people” in Germany. A party ... Read More »