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Tuesday, December 31, 2019

EU-US Trade Relations: EU seeks to reset US trade relationship

EU trade commissioner Phil Hogan told the Irish Times newspaper that he was seeking to reset trade relations with the United States during a planned visit in Washington in January. "I will be seeking a reset of the EU/US trade relationship on issues like tariffs on steel and aluminium and the threat of US tariffs in response to a digital tax in Europe, " he said.

Read more at: EU seeks to reset US trade relationsh

Monday, December 30, 2019

The Netherlands: Two-thirds of Dutch households own tablets

Around 5.0 million households in the Netherlands own tablets; that’s equal to two-thirds of all households according to Telecompaper’s Dutch Tablet Users 2015 Q2 report. Dutch consumers use their tablets most often for browsing the internet and gaming; those with an iPad are the most active tablet users, while Acer tablet owners use their tablet less than the market average. The most important factors when choosing a tablet are the brand and the price

Read more at:Two-thirds of Dutch households own tablets

Social Media:‘Facebook is the new cigarettes for our society,’ Marc Benioff says, calling for regulation

Salesforce founder rips Facebook and again calls for the social-network giant — which has been wracked by scandals in recent years — to be regulated or split..

Read more at:
https://www.marketwatch.com/story/facebook-is-the-new-cigarettes-for-our-society-marc-benioff-says-calling-for-regulation-2019-12-29

Saturday, December 28, 2019

California mulls electric-car requirement for ride shares

Uber may be on the brink of another clash with California lawmakers.

Los Angeles Mayor Eric Garcetti on Friday said that he was considering instituting a requirement that would force ride-share services to use electric vehicles.

“We have the power to regulate car share,” Garcetti told the Financial Times. “We can mandate, and are looking closely at mandating, that any of those vehicles in the future be electric.”

The measure would be a part of LA’s effort to slash its greenhouse gas emissions and reach carbon neutral status by 2050.

Read more at: California mulls electric-car requirement for ride shares

Friday, December 27, 2019

Iran: Rouhani calls on Muslim states to end US dollar domination

Iranian President Hassan Rouhani pointed to the potentials of Islamic countries in different economic fields, noting that measures should be adopted to put an end to the domination of the US dollar.

“The Islamic world should adopt measures to set itself free from the domination of America’s financial system and US dollar,” Rouhani told the Kuala Lumpur summit on Thursday in Malaysia.

He went on to say that Islamic countries complement each other and that signing banking cooperation and creating various financial mechanisms can lead to the mentioned aim.

Read more at: Rouhani calls on Muslim states to end US dollar domination - Mehr News Agency

Thursday, December 26, 2019

China: As Trump shuns US multilateralism, China ups diplomatic ante - by J. Keaten and M. Lee

Chinese leaders have long been sensitive about their communist country's international image. Now, they are battling back — investing in diplomacy and a courtship of hearts and minds, just as the United States digs in on the Trump administration's "America First" mindset.

A trade war and other frictions between the world's top economic power and the fast-growing No. 2 have exposed Washington's fears about technology, security and influence. U.S. political leaders have derided China's government over policies in protest-riddled Hong Kong, at detention centers in the majority Muslim Xinjiang region, and over allegedly underhanded business tactics by tech titan Huawei.

Read more at: s Trump shuns US multilateralism, China ups diplomatic ante - StarTribune.com

Wednesday, December 25, 2019

China-EU relations: What kind of Europe does China want to deal with: friend, business partner or strategic rival?

China is slowly losing Europe. This is happening even though transatlantic relations are at a low point and right when the European Union is finally aiming to become a global geopolitical player.

Ursula von der Leyen, the new president of the European Commission, has made it clear over the past months that she wants to lead a “geopolitical commission” and one of its priorities will be to “define our relations with a more self-assertive China”.

This means that the next few years will be decisive for China. Over the past three years, even in the context of EU-US disagreements and tensions,

China’s ties to Europe have frayed, with the EU branding it ” and “a systemic rival”, while numerous voices on the European continent are calling for a more confrontational attitude against what they perceive as a rising illiberal adversary.

Read more at: What kind of Europe does China want to deal with: friend, business partner or strategic rival? | South China Morning Post

Monday, December 23, 2019

EU-British Relations after Brexit: Toward a Privileged EU-UK Partnership - by Joschka Fischer

Following Boris Johnson’s landslide victory in the United Kingdom’s
general election this month, Britain is now on track to leave the
European Union on January 31, 2020. Johnson has a clear parliamentary
majority with which to secure a deal for an orderly exit from the bloc.
Although the UK and the EU now face long and difficult negotiations to
establish a mutually beneficial trade arrangement, Brexit itself is now a
certainty.

What will this mean for Europe? The UK is the EU’s second-largest
national economy, one of only two European nuclear powers, and a
permanent, veto-wielding member of the United Nations Security Council
(alongside France). The country has always been vitally important to
Europe, both culturally and historically. Whenever Europe’s liberty and
security have been at stake, Britain has reliably come to its defense.

After a great deal of pain and confusion, the Brexit decision is now
effectively behind us. Looking ahead, both sides will have to find ways
to cooperate more closely, particularly when it comes to shaping a joint
security and foreign policy. China and Russia’s geopolitical positions
have not changed because of Brexit, nor has the threat of terrorism
diminished. The collective challenges posed by migration, climate
change, and many other issues will remain, and it will be up to both the
EU and the UK to manage them effectively.

Read more: Toward a Privileged EU-UK Partnership by Joschka Fischer - Project Syndicate

Sunday, December 22, 2019

Nord Stream: Germany, EU decry US Nord Stream sanctions

Berlin and Brussels have criticized White House sanctions against companies involved in building a Russian natural gas pipeline to Germany. They accused President Trump of interfering in national and bloc sovereignty.

Note EU- Digest: who made the US the master of all living things ?

Read more at:
https://www.dw.com/en/germany-eu-decry-us-nord-stream-sanctions/a-51759319

Saturday, December 21, 2019

European liquor off the menu in Indonesia as trade row escalates - Reuters

What started as a spat with the European Union over Indonesian palm oil has escalated into a far broader trade dispute with imported European spirits and now dairy products caught in the crossfire.

Read more at :

https://uk.reuters.com/article/us-indonesia-palm-eu/european-liquor-off-the-menu-in-indonesia-as-trade-row-escalates-idUKKBN1YQ00I

Friday, December 20, 2019

Poland: Why Poland couldn't sign up to Green New Deal - by Piotr Arak

In her stirring speech to the European Parliament last week the president of
the European Commission, Ursula von der Leyen, presented the European Green Deal she confirmed the earlier announcements about substantial upscaling of the EU climate targets for 2030 and 2050.
 
In a later press conference, she justified it as the "man-on-the-moon moment".

She underlined that we don't know yet all the answers on how to do it.

This month EU leaders have reached an agreement on achieving climate-neutrality by 2050 but with Poland opting-out of the target. For one member state, it is necessary to take more time to implement this objective.

What does this mean for Poland and the EU?
 
Read more at: Why Poland couldn't sign up to Green New Deal

Wednesday, December 18, 2019

Russia-Germany relations: Kremlin: US sanctions won′t stop Nord Stream 2 gas pipeline to Germany

Russia has slammed US sanctions over the mammoth gas pipeline to Germany as illegal and an example of "unfair competition." The measures, which still need Donald Trump's approval, target firms involved in the project.

Read more at:

https://www.dw.com/en/kremlin-us-sanctions-wont-stop-nord-stream-2-gas-pipeline-to-germany/a-51720728

Monday, December 16, 2019

Finland: ICMIF Meeting of Reinsurance Officials 10-12 June 2020

All sessions of the MORO 2020 will take place in the offices of our host company,
ICMIF member LocalTapiola. Their modern and spacious headquarters are situated
in the province of Espoo which is located around 20 minutes’ drive outside of Helsinki
city centre where the conference hotel is located. ICMIF has arranged
transportation by bus for each of the conference days and also for the evening
events, from the hotel to the conference or dinner venues and return.

The full address of the conference venue is:

LocalTapiola General Mutual Insurance Company
Revontulenkuja 1
02010 LähiTapiola
Finland

Read more at: ICMIF Meeting of Reinsurance Officials 2020

Sunday, December 15, 2019

China-USA Relations: You call this a trade deal? Not Really

The phase one trade deal with China cannot possibly serve U.S. interests.

Read more at:
https://www.marketwatch.com/story/you-call-this-a-trade-deal-2019-12-13

Saturday, December 14, 2019

German Economy: German balanced budget policy should not be a fetish - Bundesbank chief

Germany does not need an economic stimulus package and its 'black zero' balanced budget policy is useful for achieving sound finances but should not become a fetish, the head of the national central bank told the Sueddeutsche Zeitung.

Read more at:
https://uk.reuters.com/article/uk-germany-economy-weidmann/german-balanced-budget-policy-should-not-be-a-fetish-bundesbank-chief-idUKKBN1YH2DA




Friday, December 13, 2019

China, US agree on text of phase one trade deal

Contrary to President Trump's bullish, self congratulating statements on a new China US Trade Deal, the official China News Agency posted a more sober worded report noting "China and the United States have agreed on the text of a phase one economic and trade agreement based on the principle of equality and mutual respect".

The text includes nine chapters: the preface, intellectual property rights, technology transfer, food and agricultural products, financial services, exchange rate and transparency, trade expansion, bilateral assessment and dispute settlement, and the final terms, according to a statement issued by the Chinese side Friday night.

Both sides have reached consensus that the U.S. side will fulfill its commitments to phase out its additional tariffs on Chinese products, so as to achieve a switch from hiking to cutting additional tariffs.

"The Chinese side believes that China and the United States, the world's two largest economies, must deal with bilateral economic and trade relations with the big picture in mind. Reaching the agreement will serve the fundamental interests of the people of the two countries and the world, and is expected to bring positive influences on areas including economy, trade, investment and the financial market.

The agreement is generally in line with the main direction of China's deepening reform and opening up as well as the internal needs for advancing the high-quality economic development".

Read more at: China, US agree on text of phase one trade deal - Chinadaily.com.cn

Thursday, December 12, 2019

WTO: EU to give themselves new powers after WTO deadlock

Brussels might soon be able to bypass the US-crippled WTO to impose punitive tariffs on trade partners. The EU cannot afford to be "defenseless", said the bloc's trade commissioner Phil Hogan.

Read more at: 
https://www.dw.com/en/eu-to-give-themselves-new-powers-after-wto-deadlock/a-51646530

Wednesday, December 11, 2019

China-US Trade Relations: Washington's disruptive trade practice knows no bounds - Opinion - by Chen Weihua

The punitive tariffs announced by the United States against importsfrom Brazil, Argentina and France on Monday are nothing but the latestdisplay of its unilateral, protectionist and bullying trade policy and practice.

US President Donald Trump tweeted on Monday morning that he would slap tariffs on steel and aluminum from Brazil and Argentina because the two countries "have been presiding over a massive devaluation of their currencies". The two largest South American economies had been exempted
from US tariffs last year.

Just like the US' false accusation in August that China manipulates its currency, its allegation against Brazil and Argentina has not been supported by facts. The two currencies have been depreciating due to the poor economic performance of the two countries. In fact, both governments have tried to prop up their currencies.

Read more at: Washington's disruptive trade practice knows no bounds - Opinion - Chinadaily.com.cn

Tuesday, December 10, 2019

U.S. and Chinese trade negotiators planning for delay of December tariffs - MarketWatch

U.S. and Chinese trade negotiators are laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15, officials on both sides said,...

Read more at:

https://www.marketwatch.com/story/us-and-chinese-trade-negotiators-planning-for-delay-of-december-tariffs-2019-12-10-191035918

Monday, December 9, 2019

USA - the economy and the nation will face a "perfect storm" politically and economically:the 2020s will see 'real turmoil' as US debt woes come home to roost, says Gundlach - by Julia La Roche

Influential bond investor Jeffrey Gundlach, the CEO of $150 billion DoubleLine Capital, sees trouble brewing in the debt market, despite interest rates hovering near historic lows.

In a recent discussion with Yahoo Finance, Gundlach compared the current expansion to the boom that took place nearly 100 years ago. But the next decade will be the opposite of the roaring 1920s, he said, as the debt bomb the U.S. is sitting on becomes untenable in the next economic downturn.

"It's pretty interesting because the 20s in the 20th century, the 20s were super boom times. And weirdly, I think the 20s this time will be very much different than that, with real turmoil," the 60-year-old billionaire said in a recent wide-ranging interview with Yahoo Finance.

In Gundlach's view, the 2020s will see "the crescendo" of many unattractive trends that have been talked about for years, but finally come home to roost. 

"[We're] going to have to face Social Security, health care, all of these things, deficit-based spending — all of that is going to have to be resolved during the 2020s because the compounding curve is just so bad," the billionaire added.

According to the Congressional Budget Office, the federal deficit will top $1 trillion every year beginning in 2022. Yet Gundlach said the agency’s forecast may be too rosy, given that it assumes a "pretty benign future" with no recession and interest rates that are not very high. 

Interest costs to the government, as a percentage of gross domestic product are expected rise from 1.25% to at least 3% by 2027. “That's a big, big increase. And that's coming,” the investor told Yahoo Finance.

“And when you do that, it kind of says, ‘Hey, GDP is going to be knocked by 2%-2.5% because we have to pay interest,’” he added.

Note EU-Digest: these economic problems will be compounded by a totally inept Trump Administration, which has turned the Republican party of Lincoln, Eisenhower and Reagan into a Trump loyalist party which is now based on State Planning and Crony Capitalism

Read more at: Gundlach: The 2020s will see 'real turmoil' as US debt woes come home to roost

Sunday, December 8, 2019

China-US relations: U.S. bill on China's Xinjiang violates international law, regional official says

Recent U.S. legislation on Xinjiang is a severe violation of international law and gross interference in China's internal affairs, the governor of the far western region said on Monday, accusing the United States of launching a smear campaign.

Read more at:
https://uk.reuters.com/article/uk-china-xinjiang/u-s-bill-on-chinas-xinjiang-violates-international-law-regional-official-says-idUKKBN1YD05C

Saturday, December 7, 2019

British Elections - Voodoo Economics: Sterling soars against dollar as traders bet on Johnson election win

The Pound raced to a seven-month high against the dollar on Wednesday as City traders bet that Boris Johnson was on course for victory in the general election.

Sterling jumped above $1.30 to hit 1.311, its highest level since May, while the euro rate moved above €1.18 from close to parity in the ummer when the Conservative leadership contest triggered a fresh round of Brexit uncertainty.

Read more at: Sterling soars against dollar as traders bet on Johnson election win | Business | The Guardian

EU Poll: Most Italians want to remain part of the European Union, poll finds

The majority of Italians would like to keep their EU membership, but half are also yearning for a "strongman" leader, according to the latest national Censis poll.

Read more at:
https://www.thelocal.it/20191206/most-italians-want-to-be-part-of-the-european-union-poll-finds

Tuesday, December 3, 2019

Global Warming: Europe Set to Overhaul Its Entire Economy in Green Deal Push - by Ewa Krukowska and Nikos Chrysoloras

The European Union is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy.

At a summit in Brussels next week, EU leaders will commit to cutting net greenhouse-gas emissions to zero by 2050, according to a draft of their joint statement for the Dec. 12-13 meeting. To meet this target, the EU will promise more green investment and adjust all of its policy making accordingly.

Read more at: Europe Set to Overhaul Its Entire Economy in Green Deal Push - Bloomberg

Monday, December 2, 2019

France-US relations: US mulls retaliation to French tech tax

The list of items that could be hit with tariffs includes cheese, sparkling wine, make-up and handbags.

Read more at:
https://www.bbc.com/news/business-50636521

Sunday, December 1, 2019

EU Insurance Industry: Capco launches Insurance practice in France and Switzerland

Globally, Capco specialises in consulting and technology services mainly to the financial services industry. 

The firm helps among others banks, insurance companies, wealth & asset  managers, capital market players and fintechs with transformation and  delivery services to drive growth and increase efficiency.

In two of the European markets the firm serves, Capco has now extended its service portfolio to include insurance services.  Commenting on the expansion, Marc Pfeifer, a Managing Principal at Capco in Switzerland, said, “The insurance industry faces unprecedented  challenges and changes. By bringing Capco's capabilities to market, we will help our customers shape a successful future.”

In a recent study of executives in the insurance industry, it was found that digitisation and regulation are the two main top topics on the agenda of leaders. Other areas sparking major change include the growing impact of InsurTechs, market openness, the threat ofthe BigTechs and the evolving demands of customers expecting more  user-friendly and personal offerings.

Read more at:
Capco launches Insurance practice in France and Switzerland

Saturday, November 30, 2019

Google: EU antitrust regulators say they are investigating Google's data collection

GOOGLE: EU antitrust regulators are investigating Google's collection of data, the European Commission told Reuters on Saturday, suggesting the world's most popular internet search engine remains in its sights despite record fines in recent years.

Read more at:
https://uk.reuters.com/article/us-eu-alphabet-antitrust-exclusive/exclusive-eu-antitrust-regulators-say-they-are-investigating-googles-data-collection-idUKKBN1Y40NX

Friday, November 29, 2019

USA: Dow Jones Today: Stocks Drop On China Turmoil; Apple Algorithm Probed - by A.R. Elliot

Stocks came off their early lows in Monday's Veterans Day trading session, as political unrest in Hong Kong upended confidence across global markets. A slow start to a big earnings week left analyst actions and company news driving early trade. Cisco Systems (CSCO) and Home Depot (HD) lagged on the Dow Jones today, following downgrades. Apple (APPL) traded lower as New York regulators announced a company probe.

Read more at: Dow Jones Today: Stocks Drop On China Turmoil; Apple Algorithm Probed | Investor's Business Daily

Wednesday, November 27, 2019

EU parliament approves, von der Leyen, commission team,Presidency

Brussels’ next top official Ursula von der Leyen will take office on Sunday after winning a comfortable parliamentary majority for her plan to build a green superpower.

Read more at:
https://www.france24.com/en/20191127-eu-parliament-approves-new-commission-team-von-der-leyen

Tuesday, November 26, 2019

The Netherlands: Rutte Government under fire over costly healthcare and educational student loan programs - by RM

The Netherlands privatized Healthcare and Educational programs are not proving to be one of  the Dutch PM's Rutte success stories. As a matter of fact, they are both a disaster, too costly and worst of all undemocratic.

It seems that Mr. Rutte and some of his colleages in the Dutch Government don't seem to be aware that education and healthcare, are not, and can never be seen as marketable commodities.

They are a basic democratic right for everyone, poor or rich, and must be free and widely available to all citizens.

The present privatized health and educational programs, applied by the Dutch Government and a few other Governments in the EU, and around the world, are not only undemocratic, they are also proving to be a financial barrier in providing proper education and healthcare to every level of the population, and when all is said and done, actually do not benefit the overall economy.

It is regrettable that some countries, including the Netherlands, have turned these basic human rights, related to education and healthcare, into marketable commodities.

Almere-Digest

Monday, November 25, 2019

Global Economy:The Calm Before the Economic Storm - by John Mauldin

The Friday after Thanksgiving is known for heavy spending in retail stores, but it’s clear that consumers are increasingly turning to the Internet to make their holiday purchases,” said Comscore Chairman Gian Fulgoni at the time. “Online spending on Black Friday has historically represented an early indicator of how the rest of the season will shake out. That the 22-percent growth rate versus last year is outpacing the overall growth rate for the first three weeks of the season should be seen as a sign of positive momentum.

The Great Recession began one month after this “sign of positive momentum.” A strong holiday shopping season won’t mean we are out of the woods and could mean we are just entering them.

Read more at:The Calm Before the Economic Storm | Equities.com

Sunday, November 24, 2019

US economy: after holiday forecasts disappoint

The holiday season is no longer expected to pull corporate earnings out of a recession that has lasted the entire year..

Read more at:
https://www.marketwatch.com/story/earnings-recession-is-expected-to-swallow-all-of-2019-after-holiday-forecasts-disappoint-2019-11-22

WTO: Canada urges U.S. to save WTO from chaos " brought on by the US Trump Administration"

The global trading system that took decades to build is days away from disarray as the U.S. appears keen to paralyze the World Trade Organization's enforcement system.

Read more at:
https://www.cbc.ca/news/world/canada-urges-u-s-to-save-wto-from-chaos-1.5369843

Friday, November 22, 2019

ECB: Christine Lagarde′s first speech as ECB chief: The Main Points

The European Central Bank's new president has urged European countries to invest and innovate as concerns of an economic slowdown intensify. She warned that export growth could no longer be relied upon to boost growth.

Read more at:

Thursday, November 21, 2019

Tourism: Spain set for tourism record as U.S. visitors counter Brexit blues

Spain is on track for a record year of tourist arrivals, the seventh straight year of new highs, with U.S. and Asian visitors countering the disruption of Brexit and collapse of tour operator Thomas Cook, the industry minister said on Wednesday.

Read more at:
https://uk.reuters.com/article/uk-spain-economy-tourism/spain-set-for-tourism-record-as-u-s-visitors-counter-brexit-blues-idUKKBN1XU20E


Wednesday, November 20, 2019

EU-Singapore free trade agreement comes into force - by Choo Yun Ting

The landmark trade agreement between the European Union and Singapore, which removes nearly all Customs duties between the two jurisdictions, comes into force today.

The reduction of tariff and non-tariff barriers under the EU-Singapore Free Trade Agreement (FTA) provides Singapore companies with greater market access to all EU member states.

It also containsrules on trade and sustainable development, including the protection of labour rights and the environment.

Prime Minister Lee Hsien Loong noted that it has been almost a decade since negotiations began.

Mr Lee added that Singapore hopes that the agreement will eventually lead to an EU-Asean FTA, enhancing region-to-region connectivity between the EU, the world's largest single market, and Asean, which is slated to become the fourth-largest economic bloc in the world by 2030.

Read more: EU-Singapore free trade agreement comes into force, Economy News & Top Stories - The Straits Times

Tuesday, November 19, 2019

Airline Industry: EasyJet plans to offset carbon on all flights

European budget airline easyJet says it will become the first major carrier to operate net-zero carbon flights, offsetting carbon emissions from the fuel used on every flight.

Read more at: 
https://www.cbc.ca/news/technology/easyjet-net-zero-carbon-1.5255977

Monday, November 18, 2019

Britain: Johnson drops corporate tax cut plan in bid to woo voters

British Prime Minister Boris Johnson said on Monday he was putting on hold further cuts in corporation tax and told voters he would use the money for spending on health and other priorities.

Read more at:
https://uk.reuters.com/article/uk-britain-election-corporationtax/johnson-drops-corporate-tax-cut-plan-in-bid-to-woo-voters-idUKKBN1XS1AZ

Sunday, November 17, 2019

Bank of England considered bigger increase to banks' risk buffer last week

The Bank of England considered raising banks' capital requirements lastweek by more than it had previously signalled to tackle risks to the financial system including those from Brexit, the BoE said on Tuesday.

Read more at: Bank of England considered bigger increase to banks' risk buffer last week - World - Chinadaily.com.cn

Saturday, November 16, 2019

Aircraft Industry: China and Russia want the CRAIC CR929 aircraft to challenge Airbus and Boeing - By David Reid

State-owned companies in Russia and China have been working together on a wide-body jet program since 2014 and was originally planned to enter the market by 2025.

Russia’s United Aircraft Corporation (UAC) and the Commercial Aircraft Corporation of China (COMAC) are building the CR929, a long-range, 250-320-seat, wide-body plane powered by two engines. The joint venture, headquartered in Shanghai, operates under the name CRAIC.

Read more at: China and Russia want the CRAIC CR929 aircraft to challenge Airbus and Boeing

Friday, November 15, 2019

Italy: Venice flooded again 3 days after near-record high tide

Exceptionally high tidal waters returned to Venice on Friday, prompting the mayor to close the iconic St. Mark's Square and call for donations to repair the Italian lagoon city just three days after it experienced its worst flooding in 50 years.

Read more at:
https://www.cbc.ca/news/world/venice-flood-tide-st-mark-s-square-1.5360583

Monday, November 11, 2019

Britain: Brexit impasse takes its toll on British business investment

As uncertainty over Brexit spills into its fourth year, Swiftool Precision Engineering has taken a tough investment decision: it will press ahead with a plan to spend 250,000 pounds ($323,000) on a 3D printer but a new workshop roof will have to wait.

Read more at:
https://uk.reuters.com/article/us-britain-eu-investment/brexit-impasse-takes-its-toll-on-british-business-investment-idUKKBN1XH0KX

Sunday, November 10, 2019

Iran-Oil Reserves: Iran says it has discovered a massive new oil field with 50B barrels

Iran has discovered a new oil field in the country's south with over 50 billion barrels of crude oil, its president said Sunday, a find that could boost the country's proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions.

The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the U.S. pulled out of its nuclear deal with world powers last year.

Rouhani made the announcement Sunday in a speech in the desert city of Yazd. He said the field was located in Iran's southern Khuzestan province, home to its crucial oil industry.

Read more at: Iran says it has discovered a massive new oil field with 50B barrels | CBC News

Saturday, November 9, 2019

China-US rivalry on brink of becoming a ‘financial war’, former minister says

The growing rivalry between China and the United States is at risk of becoming a “financial war”, a former Chinese finance minister said on Saturday.

Speaking at an industry forum in Beijing, Lou Jiwei, chairman of the foreign affairs committee of the Chinese People’s Political Consultative Conference (CPPCC) National Committee, said that despiten the compromises the two countries were trying to reach on trade, the dispute was likely to roll over into other areas.

“The next step in the frictions between China and the United States is a bfinancial war,” he said. “It is characterised by the use of long-arm jurisdiction, by various excuses to block specific enterprises, such as the bans on ZTE and Huawei.”

Read more at: China-US rivalry on brink of becoming a ‘financial war’, former minister says | South China Morning Post

Friday, November 8, 2019

The Netherlands: Dutch gov't supports EU on new air travel tax

The Netherlands and eight other European countries are calling on the European Union to implement a tax on air travel. The nine countries' governments signed a manifesto calling on the European Commission to come up with a proposal on this front, which will be handed to European Commissioner Frans Timmermans, NU.nl reports.

In addition to the Netherlands, the manifesto is signed by Germany, France, Italy, Belgium, Luxembourg, Demark, Sweden and Bulgaria.

Read more at:
https://www.dutchnews.nl/news/2019/11/dutch-spearhead-nine-country-efforts-for-a-european-tax-on-flying/

Thursday, November 7, 2019

France's privatisation push with sale of national lottery stake

The French government has launched its biggest wave of privatisations in more than a decade, kicking off the process with the sale of the majority of its stake in the national lottery monopoly.

Read more at:
https://www.france24.com/en/20191107-france-s-privatisation-push-with-sale-of-national-lottery-stake

Tuesday, November 5, 2019

Britain - Elections : Labour's Corbyn brands PM Johnson's Brexit plans Thatcherism on steroids

British opposition leader Jeremy Corbyn accused Prime Minister Boris Johnson on Tuesday of seeking to hijack Brexit to unleash a Thatcherite bonfire of regulation that would usher in what he cast as a much harsher brand of American-style capitalism.

Note EU- Digest : Corbyn hit the nail on the head by the way he described "tricky Boris Johnson"

Read more at:
https://uk.reuters.com/article/uk-britain-election-corbyn/labours-corbyn-brands-pm-johnsons-brexit-plans-thatcherism-on-steroids-idUKKBN1XE2AS

Monday, November 4, 2019

France: Trump trade war: Macron pushes for EU deals in China

A French presidential adviser said it's time for China to prove its openness to trade with "progress on the EU-China deals." European businesses have long complained of restricted access to China's market.

Read more at:
https://www.dw.com/en/trump-trade-war-macron-pushes-for-eu-deals-in-china/a-51101055

Sunday, November 3, 2019

Thailand: ASEAN summit: Asia trade bloc deal 'expected' in Feb 2020

Hopes of signing the world's largest free trade pact at a regional summit in Bangkok have been thrown into doubt after objections from India.

China, hurt by its trade war with the US, is keen to see the deal finalized.

Read more at:
https://www.dw.com/en/asean-summit-asia-trade-bloc-deal-expected-in-feb-2020/a-51097080

Wednesday, October 30, 2019

USA - California: Fires spread as Northern California deals with widespread power outages

As nearly 200,000 people remain under evacuation order from threat of wildfire, some of the millions of people in Northern California on track to get their electricity back may not have it restored before another possible round of shutoffs and debilitating winds.

Read more at: https://www.cbc.ca/news/world/california-wildfires-spread-power-outages-1.5337673

Tuesday, October 29, 2019

Monday, October 28, 2019

Inovation: The Netherlands Ranks Among Top 5 countries in The Global Innovation Index

The Global Innovation Index 2019 (GII 2019), collated by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO), has ranked the Netherlands amongst the global leaders in innovation. The report mentions that even in economic slower times, innovation still thrives. “In developed and developing economies alike, formal innovation—as measured by research and development (R&D) and patents—and less formal modes of innovation are thriving.” According to the GII 2019, Switzerland, Sweden, United States, the Netherlands and the United Kingdom complete the top five of most innovative nations in the world.


Top scores in innovation output en knowledge absorption:  The Netherlands scores particularly well on sub-rankings on innovation output (2) and knowledge absorption (2). The country remains in top position for IP payments and scores consistently strong on regulatory quality, online participation, intensity of local competition, collaboration between universities and industries, cluster development and inflows of foreign direct investment. The report specially mentions that it sees great improvements in government expenditures on R&D financed by business, and an increase in women that are employed having advanced degrees.

Online creativity and knowledge diffusion push Dutch innovative outputs:  The report mentions specifically that innovation outputs are high, because the Netherlands is strong on Knowledge diffusion (2nd) and Online Creativity (2nd), in particular in indicators such as IP receipts, FDI net outflows, ICTs and business model creation, and ICTs and organizational model creation. The GII 2019 also sees improvements in the quality of scientific publications (8th) and in cultural and creative services exports (10th).

Read more: The Netherlands Ranks Among Top 5 countries in The Global Innovation Index

Sunday, October 27, 2019

Saturday, October 26, 2019

EU Parliament: Gas and oil spent €250m lobbying EU - by Nikolaj Nielsen

The fossil fuel industry pumped €250m into lobbying the EU in the,past 10 years to water down climate friendly laws and targets, according to a new report.

"A cool quarter of a billion over the last decade buys a lot of access and influence in Brussels," said Pascoe Sabido of Corporate Europe Observatory, a Brussels-based NGO, and one of the authors of the report.

Read more at: Gas and oil spent €250m lobbying EU

Friday, October 25, 2019

Amazon Inc. : Jeff Bezos lost about $7 billion on Thursday

Amazon reported third-quarter earnings Thursday that disappointed investors and sent Amazon stock spiraling down. For Bezos, that means an on-paper loss of around $7 billion, putting his status as richest person in the world at risk.

Read more at: Jeff Bezos lost about $7 billion on Thursday


Thursday, October 24, 2019

Britain: Boris Johnson calls for a snap general election on December 12

eneral election on December 12

  • UK Prime Minister Boris Johnson on Thursday called for a snap general election on December 1
  • The prime minister is expected to bring forward a motion next week to hold an election before Christmas.
  • It would require the support of two-thirds of MPs in the House of Commons.
  • Opposition parties have rejected previous election motions for fear that Johnson would take the UK out of the European Union without a deal during the election period.
  • However, the EU is expected to grant the UK another Brexit delay on Friday, paving the way for opposition parties to back a fresh election.
  • The Labour Party is set to back a snap election once Brexit has been delayed.
VIDEO: Boris Johnson calls for a snap general election on December 12 - Business Insider

Tuesday, October 22, 2019

Netherlands - Social Security Fraud: UN rapporteur criticises Dutch system to identify social security fraud

UN human rights and
poverty rapporteur Philip Alston has criticised the way the Netherlands
is using an automated system to identify social security fraud,
broadcaster NOS said on Tuesday.

Alston has said in a letter to a court in The Hague that the system goes
against human rights because it appears to discriminate against people
with little money and people with a minority background.

Campaigners are taking the Dutch state to court to force officials to
stop experimenting with the scheme, known as SyrRi after a trial in
Rotterdam was abandoned this summer.

Read more at DutchNews.nl:
UN human rights and poverty rapporteur Philip Alston has criticised the way the Netherlands is using an automated system to identify social security fraud, broadcaster NOS said on Tuesday. 

Alston has said in a letter to a court in The Hague that the system goes against human rights because it appears to discriminate against people with little money and people with a minority background.

Campaigners are taking the Dutch state to court to force officials to stop experimenting with the scheme, known as SyrRi after a trial in Rotterdam was abandoned this summer.

Read more at: UN rapporteur criticises Dutch system to identify social security fraud - DutchNews.nl

Sunday, October 20, 2019

Britain - the Brexit drama: UK PM Johnson sends conflicting messages to EU on Brexit delay request

British Prime Minister Boris Johnson sent an unsigned letter to the European Union on Saturday requesting a delay to Brexit but he also sent another message in which he stated he did not want the extension, a government source said.

Johnson was compelled by a law, passed by opponents last month, to ask the bloc for an extension to the current Brexit deadline of Oct. 31 until Jan. 31 after lawmakers thwarted his attempt to pass his EU divorce deal earlier on Saturday.

The government source said Johnson sent a total of three letters to Donald Tusk, the president of the European Council: a photocopy of the text that the law, known as the Benn Act, forced him to write; a cover note from Britain's EU envoy; and a third letter in which he said he did not want an extension.

As Parliament met in London Saturday morning and voted to force a Brexit delay, hundreds of thousands of anti-Brexit protesters marched in the city’s streets demanding citizens be given a second chance at deciding whether to leave the European Union. 
The massive crowds moved through the city towards Parliament in a festive and defiant demonstration of frustration with the country’s impending break with the EU, the New York Times reported.

Organizers of the effort told the Times they expected more than a million demonstrators, which would make it one of the largest protests Britain has ever had.
The demonstrators were joined by a host of current and former politicians, as well as celebrities, who addressed the crowd. In his speech, former Conservative deputy prime minister Michael Heseltine said Brexit represents “a creeping paralysis, where yesterday’s nostalgia distorts tomorrow’s opportunities”.

Note EU-Digest: Boris Johnson by politically manuevering in a very devious and undemocratic way, without letting the people have a final say on the agreement he reached with the EU, is taking Britain on a disastrous destructive path, from which they probably will never recover .

Read more at: UK PM Johnson sends conflicting messages to EU on Brexit delay request

Saturday, October 19, 2019

EU - US relations: US can expect counter measures after tariff move

The EU said Friday it "regrets" the US decision to impose tariffs over the WTO's ruling on illegal subsidies to aircraft manufacturer Airbus.

It leaves the EU with "no alternative but to follow through in due course with our own tariffs" in a similar case involving Boeing, trade commissioner Cecilia Malmstrom said . "The European Commission is committed to defending European companies, farmers and consumers," she added.

Read more at: EU: US can expect counter measures after tariff move

Thursday, October 17, 2019

EU-Britain: Brexit Deal in Brussels, but British Parliament has the last say, and that is not sure at all

Britain and the European Union on Thursday agreed on the draft text of a Brexit deal, setting up a fateful showdown in the British Parliament on Saturday, where it was not clear that Prime Minister Boris Johnson could marshal the votes to nail down his plan after three anguished and politically damaging years of debate.

But Mr. Johnson may already be thinking beyond whether Parliament approves his plan. Even if he loses, analysts say, he may call for a general election, hoping voters will rally behind him and deliver him a strong majority.

EU-Digest

Tuesday, October 15, 2019

Brexit - Britain - EU: Michael Barnier gives three possible scenarios

The European Union's Brexit negotiator told the 27 EU states staying on together that he saw three possible scenarios ahead:

1) A deal with Britain later on Tuesday
2) Another delay to Britain's departure
3) A "breakdown" of talks

This is according to EU diplomats.

Monday, October 14, 2019

Communications - 5G: New German rules leave 5G telecoms door open to Huawei

Germany has finalised rules for the build-out of 5G mobile networks that, in a snub to the United States, will not exclude China’s Huawei Technologies.

Government officials confirmed that Germany’s so-called security catalogue foresaw an evaluation of technical and other criteria, but that no single vendor would be barred in order to create a level playing field for equipment vendors.

“We are not taking a pre-emptive decision to ban any actor, or any company,” German government spokesman Steffen Seibert told a news conference in Berlin on Monday.

New German rules leave 5G telecoms door open to Huawei – EURACTIV.com

Friday, October 11, 2019

Brexit: EU and UK to 'intensify' Brexit talks

The European Commission on Friday released a statement saying the "EU and the UK have agreed to intensify discussions over the coming days."

The statement followed a meeting between EU chief negotiator Michel Barnier and Brexit Secretary Steve Barclay.

The UK is set to leave the European Union on 31 October as outstanding issues remain entrenched on efforts to avoid a hard border on the island of Ireland after Brexit.

Read more: EU and UK to 'intensify' Brexit talks

Wednesday, October 9, 2019

EU-US Trade War: A flood of new data from the US and eurozone suggests recession risks are flashing red. Here's a full rundown of the wreckage - by Ben Winck

Key economic metrics are flashing red for the US and the European Union as tensions between the two reach new highs.

The latest readings from prominent purchasing managers' indexes show manufacturing sectors the US and EU struggling amid global trade conflict and slowing economies. Service and non-manufacturing industries also slowed through September in both areas.

The negative signs arrive after the WTO granted the US permission to levy $7.5 billion in tariffs on EU imports, specifically targeting Boeing competitor Airbus.

Further escalation of trade conflict between the bloc and the US could plunge the two economies into deeper economic woes.

Read more at: A flood of new data from the US and eurozone suggests recession risks are flashing red. Here's a full rundown of the wreckage. | Markets Insider

Wednesday, October 2, 2019

Brexit: UK′s Boris Johnson sends last-gasp Brexit proposals to Brussels

British Prime Minister Boris Johnson sent European Commission President Jean-Claude Juncker a four-page letter on Wednesday offering what he described as a "fair and reasonable" compromise to get Brexit over the line before the October 31 deadline.

The proposal said it would be a "failure of statecraft for which we would all be responsible" if the two sides failed to reach an agreement. He added that "both sides now need to consider whether there is sufficient willingness to compromise" to get a "rapid" deal done in time.

According to a UK official, Johnson subsequently spoke with European leaders, including Germany's Angela Merkel and Ireland's Leo Varadkar, in addition to the EU's Juncker.

Later on Wednesday, 10 Downing Street also announced plans to prorogue parliament from Tuesday, October 8 until the following Monday. This follows the recent Supreme Court decision nullifying the government's bid to shutter parliament for 5 weeks.

The end date for the prorogation, October 14, just before the decisive EU leaders' summit, is the same as the previous attempt to shut the chamber.

No backstop, but also few details, for Northern Ireland

The core suggestion in the letter to Brussels was the abolition of the backstop for Northern Ireland — an insurance policy designed to ensure there is no return to customs posts or other infrastructure on the UK border in Ireland.
 
Instead, the government suggested "the potential creation of an all-island regulatory zone on the island of Ireland, covering all goods including agrifoods."

The letter offered few details on how or whether this could be achieved and said it should depend on consent from the Republic of Ireland and Northern Ireland.

Northern Ireland's Assembly at Stormont has not been in session since January 2017.

Read more at: UK′s Boris Johnson sends last-gasp Brexit proposals to Brussels | News | DW | 02.10.2019

Monday, September 30, 2019

EU-US Relations: Huge trade tariffs on Europe could come soon if US wins WTO fight - by David Reid

The World Trade Organization (WTO) has found that both European planemaker Airbus (AIR.PA) and its U.S. rival Boeing (BA.N) received billions of dollars of illegal subsidies in a pair of cases that have run for 15 years.

Both sides have threatened tariffs after the Geneva body found neither adhered fully to its findings. However, the United States has a head start, with the European Union having to wait until early in 2020 to hear what level of retaliation it can exact over Boeing.

The WTO is expected this week to reveal the amount of EU goods the United States can target. People familiar with the case say the three-person tribunal is expected to award it around $7.5 billion, a record for the 24-year-old watchdog.

Such retaliation rights are rarely granted by the WTO - most parties reach settlements - and in many cases complainants do not exercise their rights. The United States though has indicated it will target EU goods to the fullest extent.

It has already published a $25 billion list from which it will pick items to target from aircraft and aerospace parts to wine, cheese and luxury goods.

The WTO award in the world’s largest corporate trade dispute could fuel already strained trade tensions, diplomats say.

Read more at: Huge trade tariffs on Europe could come next week if US wins WTO fight

Saturday, September 28, 2019

Friday, September 27, 2019

EU-Japan Relations: EU and Japan join forces to counter US and Chinese initiatives – by Jorge Valero

The EU and Japan signed on Friday (27 September) a holistic partnership to promote investment projects based on rules-based and sustainable principles, and to counter the risks posed by the US and China.

The EU-Japan partnership on sustainable connectivity – a term covering an array of trade, economic, transport and environmental fields – and quality infrastructure was presented to other Asian partners during the EU-Asia connectivity forum held on Friday.

Both partners agreed to “promote free, open, rules-based, fair, non- discriminatory and predictable regional and international trade and investment, transparent procurement practices, the ensuring of debt sustainability and the high standards of economic, fiscal, financial, social and environmental sustainability,” the text reads.

The deal will cover all dimensions of connectivity including digital, transport, energy and people-to-people exchanges.

Read more: EU and Japan join forces to counter US and Chinese initiatives – EURACTIV.com

Thursday, September 26, 2019

China: economic slowdown. How bad is it?

China's economic slowdown: How bad is it?

Read more
https://www.bbc.co.uk/news/business-49791721

Wednesday, September 25, 2019

The Netherlands - healthcare: profits skyrocket at 85 Dutch Healthcare firms

Read more at: 

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GLOBAL Trade and Tariffs: US president Trumps dealmaking skills as India and Japan Trade deals hit snags

Trump's dealmaking skills on trial as India, Japan trade deals hit snags.

Read more at:
https://p.dw.com/p/3QA53

Tuesday, September 24, 2019

Britain: More Problems For Boris Johnson: Boris Johnson given two weeks to explain links to entrepreneur - by Laura Hughes

Boris Johnson has been given two weeks by London’s assembly to explain his relationship with an American entrepreneur who received up to  £126,000 in public funds during the prime minister’s eight-year tenure as mayor of the UK capital.

Read more: Boris Johnson given two weeks to explain links to entrepreneur | Financial Times

Monday, September 23, 2019

BRITAIN: THOMAS COOK BANKRUPTCY - Thomas Cook crash is dry run for Brexit failures

Read more at:
https://uk.reuters.com/article/us-thomas-cook-grp-investment-breakingvi/breakingviews-thomas-cook-crash-is-dry-run-for-brexit-failures-idUKKBN1W80Y2

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Sunday, September 22, 2019

Climate Change: 90 large companies from several sectors are pledging to slash their greenhouse gas emissions

Almost 90 large companies in sectors from food to cement to telecommunications are pledging to slash their greenhouse gas emissions in a new campaign to steer multi-nationals towards a low-carbon future, organizers said on Sunday.

Read more at:
https://reut.rs/2V51E5I

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Saturday, September 21, 2019

Cruise Line industry: Norwegian hybrid electric- diesel cruise ship navigates through Northwest passage

A Norwegian company says it has navigated the first hybrid-powered cruise ship through the Northwest Passage using a combination of massive batteries and diesel engines.
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Friday, September 20, 2019

France - Food additives: French supermarket chain to remove additives using phone app that rates products

French supermarket chain to remove additives using phone app that rates products

Read more at: 

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Thursday, September 19, 2019

USA: Revealed: how US senators invest in firms they are supposed to regulate

Revealed: how US senators invest in firms they are supposed to regulate

Read more at: 
https://www.theguardian.com/us-news/2019/sep/19/us-senators-investments-conflict-of-interest?CMP=Share_AndroidApp_Blogger

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Wednesday, September 18, 2019

IRAN: The Real Reason Trump Won’t Attack Iran – Emily Meierding

A war in the Persian Gulf would profoundly destabilize the global oil system. If the Trump administration strikes Iran, unilaterally or in conjunction with Saudi Arabia, and targets the state’s oil facilities, these attacks will take more resources offline. Although Iran’s oil output has declined significantly since the United States reimposed sanctions in 2018, the country still produces more than 2 million barrels of oil per day and exports about half a million barrels per day of petroleum products and liquefied petroleum gas to a variety of resource consumers.  Airstrikes would remove these supplies for the market, while other oil producers are struggling to compensate for the loss of Saudi resources.

Unsurprisingly, Chinese and European officials have adopted a cautious attitude toward the crisis. Although China’s foreign ministry condemned the attack, spokesperson Hua Chunying advised the parties “to avoid taking actions that bring about an escalation in regional tensions.” She also refrained from attributing responsibility for the strikes to a specific actor. German Chancellor Angela Merkel and British Prime Minister Boris Johnson pushed for an international response to the attacks. However, they also emphasized the “importance of avoiding the further escalation of tensions in the region.” Given this reticence, if the United States wants to strike Iran, it will have to go it alone.

Starting a war to protect oil markets will only backfire for the US.

Read more: The Real Reason Trump Won’t Attack Iran – Foreign Policy

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Tuesday, September 17, 2019

The Netherlands: the Dutch Healthcare system is among the most costly in Europe - by RM

Dutch citizens did not get a good deal under the current Dutch health insurance law.

It has become an extremely expensive business to get health Insurance in the Netherlands.   

Especially if you add up  all the costs.

First of all there is the obligatory deductible of Euro 385, then the monthly premium, which  on average is around Euro 250 per month.

That makes a total "out of pocket expense" of Euro 3,385 per year, and even than you are not there yet.

There are also a variety of  other provisions, whereby certain costs incurred for pharmaceuticals, and medical services, are not reimbursed.

Not only is Dutch healthcare  too costly for the average citizen, it also is a cash machine for Dutch Insurance companies and the pharmaceutical industry.

Healthcare Insurance services and costs should also be uniformly regulated throughout the EU, which is not the case right now.

It is high time that the "political establishment" and the voters start paying more attention to the fact that this issue needs to get fixed without delay. 


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Britain - Saudi Arabia sales were inadvertently made says Liz Truss

International British Trade Secretary Liz Truss apologises over 'inadvertent' Saudi military sales


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