Economy

Tony Blair wonders what’s gone wrong with politics. How sad he can’t see it

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He oversaw the Iraq war and calamitous financial deregulation, and did lucrative work for foreign tyrants. Owen Jones No wonder faith in the centre-left has evaporated. If Tony Blair is the answer, then the question is high on illicit substances. He is reported to… Tony Blair wonders what’s… Read More »

Treasury warns Israel’s growth rate may not be sustainable

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The Finance Ministry says new car purchases and Intel’s fab upgrade are among the main causes of recent high growth Globes Moshe Golan “The figures for the composition of growth in 2016 could indicate that the current growth rate is not necessarily sustainable,” the Ministry of Finance chief economist states in his… Treasury warns Israel’s… Read More »

80% of IT Jobs can be Replaced by Automation, and it’s ‘Exciting’

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TAKING OVER IT Amidst the anxious grumbling of his audience at last week’s Structure Conference in San Francisco, billionaire Vinod Khosla asserted that 80% of jobs in an IT department could be replaced by AI-type… Author: Dom Galeon Editor: Patrick Caughill That, of course, is an…“I think that’s exciting,” added Khosla, founder of Sun Microsystems and Silicon Valley venture firm, Khosla Ventures. 80% of IT… Read More »

US dollar eases slightly after a week-long surge

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US dollar eases slightly after a week-long surge | i24news – See beyond By Yoni Dayan ‘Now that we have a new administration on the way, the dollar’s rally has received a fresh dose of octane’ The US dollar eased slightly after a week-long surge pushed the… US dollar eases… Read More »

Can the European Project be Re-boosted?

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The European project is at a critical juncture. According to the most recent Eurobarometer,[1] 36% of Europeans are opposed “to an economic and… Louka T. Katseli Progressive Economy Brexit is the most dramatic manifestation of a growing lack of trust in European institutions and their capacity to deliver observable benefits to the… The rise of extreme political parties in… Can the European… Διδάγματα από την Ελληνική κρίση – Εκδήλωση του ΔΟΒΕ προς τιμή του Γεράσιμου Αρσένη Lessons from the Greek Crisis “Policies, ... Read More »

Google commits to £1bn UK investment plan

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Google is to open a new headquarters building in London which could see 3,000 new jobs created by 2020. Kamal Ahmed BBC The news comes as a major boost to Britain’s technology sector. Sundar Pichai, the chief executive of Google, told the BBC that the… Google commits to… Read More »

The Guardian view on President-elect Donald Trump: a dark day for the world

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This is a political and cultural cataclysm that few believed would really happen. Editorial It’s a bleak day for America, and for the pluralism and diversity the country has come to stand for Donald Trump wins the US election – live Become a Guardian supporter or make a contribution The Guardian view on… Read More »

Why Morocco Is Investing in Africa

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Morocco wishes to help its fellow African nations claim their due from the West. Ahmed Charai In a historic speech in the Senegalese capital Dakar Sunday, Moroccan King Mohammed VI laid out his country’s commitment to the continent of Africa, and… Why Morocco Is… Read More »

Mark Carney writes his own departure script

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The governor of the Bank of England said he will step down in June 2019. By FRANCESCO GUERRERA LONDON — Mark Carney is going but not until after Brexit. Like all superstars, the photogenic governor of the Bank of England scripted his own exit from the U.K. political stage. After keeping politicians, investors, and… Mark Carney writes his… Read More »

Kristalina Georgieva to quit Commission for World Bank job

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A source said the Bulgarian was frustrated with the ‘poisonous’ influence of Jean-Claude Juncker’s chief of staff. By RYAN HEATH Kristalina Georgieva resigned Friday as vice president of the European Commission to take a job as CEO of the World Bank, after becoming frustrated by the… Kristalina Georgieva to… Read More »

Belgian politicians drop opposition to EU-Canada trade deal

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EU leaders hope deal will be signed as Belgian PM says leaders of five regional parliaments have reached an agreement Jennifer Rankin in Brussels European Union leaders have expressed hope of signing a trade deal with Canada after Belgian politicians overcame differences that had been blocking the treaty. The Belgian… Belgian politicians drop… Read More »

Pierre Moscovici, trying to make Italian duvet fit EU suitcase

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The economics commissioner on the challenge of keeping budget rules squishy enough. By PIERRE BRIANÇON PARIS — Pierre Moscovici has an expression to show the direction he’d like his high-stakes negotiations with Italy to take: “We have to fit the duvet into the… Pierre Moscovici, trying… Read More »

Australia is no longer the home of the ‘fair go’, says report

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Country is less fair, less safe and has more people in prison than comparable nations, says Community Council of Australia Calla Wahlquist A report by the Community Council of Australia has shattered perceptions that Australia is a country of the “fair go”, finding it is less fair, less safe, and with a… Australia is no… Read More »

The Goldman Sachs tape shows May is not leading on Brexit, but following

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In private comments pre-referendum the prime minister warned companies would relocate if the UK left the EU. So why is she pursuing hard Brexit? Anne Perkins The road on which Theresa May currently finds herself is well travelled. Most successful politicians rely on a… The Goldman Sachs… Read More »

Why the rich can’t be trusted with money

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The members of the investor class are programmed to destroy. by Larry Beinhart Every time the rich get too much money – as marked by a sharp rise in income inequality – the same things always happen. A bubble! A grand, exuberant, investing, spending, paper profits spree. It… Why the rich… Read More »

Last-ditch talks aim to save EU-Canada trade deal

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BRUSSELS: The head of the European parliament and Canada’s trade minister held last-ditch talks Saturday aimed at salvaging a trade deal threatened by a Belgian region’s refusal to sign on Agence France Presse EU assembly chief Martin Schulz also planned an 11th-hour huddle with Paul… Last-ditch talks… Read More »