Economy

The “Israel”-Hellenic Alliance That May Push Turkey to Cut Ties With Tel Aviv

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The Turkish government has just announced the effective expulsion of Eitan Na’eh, “Israel’s” Ambassador to Ankara. According to the Daily Sabah, Adam Garrie EurasiaFuture “Na’eh was asked to leave Turkey indefinitely by the Turkish ministry of foreign affairs following the Israeli bloodshed and his tweets”. The move comes as Erdogan has openly challenged other nations that have formal relations with the occupier entity to question whether such relations are beneficial to the Muslim world. The clear targets of… The “Israel”-Hellenic… Read More »

Australia’s biggest solar farm switches on in Port Augusta

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Australia’s biggest solar farm – the 220MW (AC) Bungala solar project near Port Augusta in South Australia – has begun production marking the important first stage of the transformation of a former coal city into a… Giles Parkinson REnewEconomy The first output from Bungala – which could end up being a 300MW project if all three stages are built – was injected into the local grid last week, as final commissioning of the 110MW first stage continues. Bungala, located 12kms from ... Read More »

‘Walk away!’ City of London chief urges Theresa May to issue EU Brexit ultimatum

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A LEADING financial advisor in the City of London has urged Theresa May to get tough and “walk away” from Brexit negotiations until financial services are back on the negotiating table. David Dawkins Express Barney Reynolds, one of the UK’s leading voices on law and the City of London, has championed the need for the financial services to be the keystone feature of the final Brexit trade deal between the EU and the… With EU leaders increasingly reluctant to discuss the ‘Enhanced ... Read More »

Fishy Brexit dilemma: Want out of EU but need the market

Skipper Lewis MacMillan rows out to his boat the Guess Again in Loch Fyne where he catches prawns | Kait Bolongaro/POLITICO

Fishermen make up some of the most enthusiastic Brexiteers, but many in the industry fear a hard Brexit. Kait Bolongaro Politico FURNACE, Scotland — The Brussels-hating fisherman has become a staple Brexit stereotype, but the U.K.’s fishing industry is in reality profoundly split over Britain’s impending EU departure. Think of an ardent Brexit supporter and you may well conjure up a fisherman dumping dead fish into the Thames or steering a trawler with Nigel Farage at its bow.  Enthusiastic Leavers shout loudly about ... Read More »

Yanis Varoufakis: ‘Brexit is like watching a train crash in slow motion’

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The rebel former finance chief, Yanis Varoufakis, is back in the saddle at London’s Greek power diner Jonathan Heaf GQ If you want to get a Greek man or woman to smash a few plates, all you need do is mention Yanis Varoufakis. On the odd occasion I mentioned I was meeting the famed Greek former minister of finance, it resulted in such a response (from his fellow countrymen and women) that I wondered why I hadn’t brought him up ... Read More »

Erdogan: Cyprus Oil Drilling Is A Security Threat To East Mediterranean

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The Eastern Mediterranean will face a security threat should Cyprus continue its unilateral operations of offshore oil and gas exploration in the region, Turkey’s President Recep Tayyip Erdo?an said in a speech at think tank Chatham… Tsvetana Paraskova OilPrice Turkey, which recognizes the northern Turkish Cypriot government and doesn’t have diplomatic relations with the internationally recognized government of Cyprus, claims that part of the Cyprus offshore area is under the jurisdiction of Turkish… Tensions in the area flared up earlier ... Read More »

Ocean’s Monopoly: How Nations Use Science to Conquer the Sea

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A look into the complex world of ocean bed ownership and how nations are vying for their own piece of the puzzle. AlJazeera What if a country didn’t end at the coastline but would simply continue under water? A territory the size of a continent would come up – a territory uncontrolled and open for seizure. But who owns the sea bed, is it territory still to… The fact that the world’s oceans cover three-quarters of the earth’s surface once ... Read More »

Homelessness: Australia’s shameful story of policy complacency and failure continues

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Exactly a decade ago in 2008, the Australian government committed to an ambitious strategy to halve national homelessness by 2020. Authors: The Conversation Through stepped-up early intervention, better homelessness services and an expanded supply of affordable housing, the problem would be tackled with conviction. Instead, as succeeding governments regrettably abandoned the 2008 strategy, homelessness in Australia has been on the rise. Last week’s federal budget offered no response to this concern. And the problem is fast getting worse, as highlighted ... Read More »

We’re saved! David Miliband’s back from the USA to rescue the UK from Brexit!

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THE former Foreign Secretary David Miliband will launch his UK political comeback by joining a cross-party bid to try and stop the hard Brexiteers, including Boris Johnson and Jacob Rees-Mogg, claiming they are “holding Britain to ransom”. Laura Mowat Express The new bid will call on MPs to “reject siren calls to completely sever the UK’s deep economic ties with the EU”. Mr Miliband, Nick Clegg and Nicky Morgan – who share the distinction of no longer being frontline politicians ... Read More »

India Sends Warship And MARCOS To Maldives For Joint Surveillance Of Exclusive Economic Zone

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In an indication of a slight upswing in bilateral military ties after a distinct chill, India has dispatched a warship to Maldives to undertake joint surveillance and patrol of the archipelago’s… Rajat Pandit Originally Published In The Times Of India Two officers and eight sailors from the Indian Navy’s elite marine commandoes wing are also currently at Maafilhafushi in Maldives, which is 145 km north of Male, to train its personnel in diving and tactics under the…… “It is an ... Read More »

Spotting the political calculus behind some acts of corporate charity

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Over the past few years, I have teamed up with fellow economists Marianne Bertrande, Matilde Bombardini and Francesco Trebbi to look into one underappreciated way that businesses may attempt to influence politicians: corporate philanthropy. Raymond Fisman The Conversation We found that what we call “politically linked charities” get more money from corporate foundations in general. We also find that when politicians gain leverage on issues tied to a company’s interests, charities in their districts get more gifts from that company’s ... Read More »

Efforts being made for optimal exploitation of Exclusive Economic Zone: PM

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ISLAMABAD : Prime Minister Shahid Khaqan Abbasi has said that greater efforts are being made for optimal exploitation of Pakistan’s Exclusive Economic Zone. Orignally published by NNI Addressing an International Maritime Symposium, under the auspices of Bahria University, in Islamabad on Monday with the theme of “Impact of Belt and Road Initiative on Geo-Economics of Indian Ocean Region”, the… He said its development is critical as almost 80% of the trade volume in the world is done by sea. He ... Read More »

Most successful entrepreneurs are older than you think

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The romanticized image of entrepreneurs is a picture of youth: a 20-something individual with disruptive ideas, boundless energy and a still-sharp mind. Silicon Valley has bet on this image for years. But is this right? Authors: The Conversation Far from it, according to our recent research with Javier Miranda of the U.S. Census Bureau and Pierre Azoulay of MIT. Our team analyzed the age of all business founders in the U.S. in recent years. We found that the average age ... Read More »

As China leads the hunt for deep-sea minerals, environmental and financial concerns come to the surface

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David Dodwell says China is putting money into undersea mining in the hope of maintaining the supply of minerals that make much of today’s technology possible, but such endeavours may threaten marine ecosystems we know little about. David Dodwell South China Morning Post Nasa may be scouring deep space for signs of life. Elon Musk might be looking to Mars. China’s scientists have had an eye cast skyward too – but, at the same time, the country seems keenly focused on challenges much ... Read More »

Japan has a form of capitalism that works

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Japan deserves the Nobel Prize for applied economics. I say this not because Japan’s capitalism has no flaws, but because the overall outcome produced by the Japanese economic system is extremely… Jesper Koll The Japan Times Japan manages to balance income growth and income distribution so well that, unlike many other advanced economies, Japan’s society is resilient against the rise of popular nationalism a-la Donald Trump in America, Jean-Marie Le Pen in France or Xi Jinping in… The goal of ... Read More »

Portugal to Modernise Railway System and Increase Spanish Trade Via Upcoming Southern European Rail Line

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This spring, Portugal, Spain and the EU Commissioner of Transport announced plans to construct a new freight line that will link southern Portugal with Spain, upgrading Portugal’s railways and providing long-term economic benefits to the… Katrina Pirner SouthEUSummit Portugal is working in tandem with the EU to build a railway that will bring more logistical ease to companies transporting products to the country’s nieghbour and biggest trading partner, Spain. This is one of many infrastructure projects that highlights how the ... Read More »