Economy

Why the Panama Papers might not lead to a tax crackdown

Massive leak has sparked a global uproar and calls for action, but concrete measures will be tricky. Much ado about Panama? Maybe not. This month’s release of “the Panama Papers” — more than 11 million files on the alleged offshore tax arrangements of politicians, corporate chieftains and… Source: Why the Panama Papers might not lead to a tax crackdown – POLITICO Read More »

If Britain leaves EU, Germany could be one of the biggest losers

BERLIN – The Germans are not known for emoting, and the country’s famously flinty finance minister, Wolfgang Schäuble, is no exception… Source: If Britain leaves EU, Germany could be one of the biggest losers – Houston Chronicle Read More »

Brexit makes for EU banking shake-up

If the U.K. opts for the Brexit in June, the European banking system will feel the impact first.. The banking industry is set for big changes if Britons vote to quit the European Union in June… Source: Brexit makes for EU banking shake-up Read More »

The Panama Papers told us what we already knew. How we respond will be the story

There’s nothing more demoralising than understanding the world is rigged against you but you can do nothing about it. But can recent leaks spark a revolt? It’s one of the more famous experiments in modern psychology. In the late 1960s and early 1970s, Martin Seligman set about electrocuting dogs… Source: The Panama Papers told us what we already knew. How we respond will be the story | Jeff Sparrow | Opinion | The Guardian Read More »

Brexit and the Balance of Power

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Faced with a rising China, a declining but risk-inclined Russia, and the prospect of prolonged turmoil in the Middle East, close transatlantic cooperation will be crucial to maintaining a liberal international order over the long term. By weakening both Europe and Britain, the UK’s withdrawal from the EU would threaten such an order… Source: Brexit and the Balance of Power by Joseph S. Nye – Project Syndicate Read More »

Q&A With Christine Lagarde

With so many financial markets driven by the utterings of central bankers, the words of the woman who is in effect the central banker’s central banker matter enormously. Christine Lagarde, 60, who is about to begin her second five-year term as head of the International Monetary Fund, has a remarkable… Source: Q&A With Christine Lagarde Read More »

What the Panama Papers tell us about Ireland

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What links Putin, Flannery, and a Cavan man called ‘Paudie’? The Panama Papers dominated global media this week, toppling the Icelandic prime minister and embarrassing the UK’s, infuriating President Putin and prompting China to leap into censorship mode to try to protect its political… Source: What the Panama Papers tell us about Ireland Read More »

Future bright for Timor-Leste with hatchery opening

A new hatchery has been unveiled in Timor-Lester as a crucial part of its National Aquaculture Development Strategy (2012-2030). The plan aims to reduce undernourishment by increasing the consumption of fish per capita from 6-15kg by 2020… Source: World Fishing & Aquaculture | Future bright for Timor-Leste with hatchery opening Read More »

Britain suffers biggest downturn in productivity since the financial crisis

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Britain has lurched further into its national productivity crisis, with hourly output at the end of last year registering its biggest quarterly fall since the 2008 financial crisis. Productivity, the crucial statistical metric that underpins overall economic growth and sustainable increases in national living standards, fell by 1.2 per cent in the three months to December, the Office for National Statistics has confirmed… Source: Britain suffers biggest downturn in productivity since the financial crisis | Business News | News | ... Read More »

Why few Americans in Panama Papers? Lawyer doesn’t want them

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Rich and influential people around the globe have found themselves under siege since a major data leak revealed their ties to secretive financial accounts and shell companies in low-tax havens used to hide wealth.. The uproar has brought down the prime minister of Iceland and raised questions about the presidents of Argentina and Ukraine, senior… Source: Why few Americans in Panama Papers? Lawyer doesn’t want them – Chicago Tribune Read More »

The IMF In The Eurozone Crisis: Political Bankruptcy

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It was wrong from the start. Going on the incorrect assumption that the Eurozone crisis could only be overcome with the help of the crisis-proven IMF, it was the German government above all that insisted on embedding the Fund as an equal partner in the Troika meant to draw up and monitor the rescue… Source: The IMF In The Eurozone Crisis: Political Bankruptcy Read More »

Venezuelans get Fridays off for two months to save energy

Venezuelan workers will get Fridays off for the next two months as part of an emergency plan to save electricity, the president said. Venezuela has the world’s largest proven oil reserves but its economy is a mess, with rampant inflation, shortages of goods as basic as soap and toilet paper and constant blackouts… Source: Venezuelans get Fridays off for two months to save energy – AMERICAS Read More »

Hundreds arrested as French police assault student protests against labour reform

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After more than a million workers and youth marched Thursday in defiance of the state of emergency to protest Socialist Party (PS) labour minister Myriam El Khomri’s law, security forces yesterday violently attacked continuing demonstrations against the reactionary labour law reform… Source: Hundreds arrested as French police assault student protests against labour reform – World Socialist Web Site Read More »

French Students Protest at Labor Law Changes Despite Not Being Employed

Fresh demonstrations take place today in Paris, Marseille, Lille, Nantes, Rennes, Strasbourg and many other towns and cities as students on their Easter break take to the streets in protest at proposed changes to labor reforms which are being debated in the French parliament Tuesday… Source: French Students Protest at Labor Law Changes Despite Not Being Employed Read More »

Panama Papers: information sharing could bust open secretive companies in tax havens

The essence of the problem highlighted in the major leak from the Panamanian law firm Mossack Fonseca is that the governments of tax havens still allow intermediary firms to establish shell companies or trusts and don’t comply with international standards on sharing the… Source: Panama Papers: information sharing could bust open secretive companies in tax havens Read More »

“Nuit debout” movement grows in France to push back against labor reforms

Protesters took to the street in more than 30 cities in France today, in ongoing demonstrations against proposed changes to the country’s labor laws. The growing protests have morphed into what many liken to the Occupy movement in the U.S. FSRN’s Raphaël Krafft reports from Paris. Download Audio “Night on our feet, Prime Minister Valls on his knees” demonstrators chant, referring to French Prime… Source: “Nuit debout” movement grows in France to push back against labor reforms – FSRN Read More »