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Slovakia property prices outlook: will demographics trigger a real estate slowdown?
Reliable transport solutions across Slovakia and the European Union – EuroLogix s. r. o.
Kirchner meets Picasso in Davos: landmark Swiss exhibition unites two giants of modern art
Belgians more downbeat than most Europeans about the future, new EU survey shows  
EU approves €551 million recovery payment to the Netherlands for innovation, housing and health reforms
Indonesia takes delivery of first Rafale fighter jets in $8 billion defence upgrade
Italy protests Swiss court ruling, recalls ambassador after New Year’s bar fire suspect freed
German producer prices drop 2.5% in December, meeting market expectations
Swiss unemployment climbs to 3.1% as job market weakens at year-end
French aerospace warns global supply chains are becoming geopolitical weapons

Economics

Brexit a godsend for satirists

Category: Economics
06 November 2016

 

Divisive, chaotic and with implications for almost every aspect of national life, Brexit has been a godsend for political satirists -- giving them a wealth of material -- and audiences desperate for a laugh.

"There's a voracious appetite in the UK for anything to do with Brexit, and there's a huge appetite for satire," said Neil Rafferty, editor in chief of the popular satirical website The Daily Mash.

He told AFP: "It's a massive subject. There's also a massive number of colourful characters involved. There are some very extreme views, which are great for satirists."

Britons have a long tradition of turning to humour in troubled times, and the June referendum vote to leave the European Union has inspired comedians across the country -- even if most of them opposed the decision.

"When it comes to writing jokes, this referendum outcome is a better one," comedian Al Murray, who adopts the persona of a xenophobic pub owner, told The Guardian newspaper.

 

Read more …

Panamanian attorney Ismael Gerli indicted for forgery of public documents

Category: Economics
04 November 2016

The District Attorney N15 of Panama has formally charged Ismael Gerli Champsaur, a Panamanian attorney, with forgery of public documents.

Earlier this year, Ismael Gerli, director of a Panamanian law firm Gerli&Co, has been charged with embezzlement which allowed him to take over properties belonging to one of his clients.

Apparently, Gerli forged a number of documents that allowed him to take possession of 100% of shares belonging to the company of Vladimir Kokorev, a Spanish citizen of Russian origins. Several years ago, Mr. Kokorev retained the services of Ismael Gerli for the acquisition of an apartment where he resided in Panama, and which the Panamanian lawyer recently registered under his own name using a series of forged documents.

Read more …

Tribal militia torturing detainees in Mosul offensive: Amnesty

Category: Economics
03 November 2016

 

Men and boys from Iraqi villages recaptured from the Islamic State group in the operation to retake Mosul have been unlawfully detained, tortured and ill-treated by tribal militia, Amnesty International said Thursday.

The Hashed al-Ashaeri (Tribal Mobilisation), made up of Sunni tribal militiamen, have been carrying out revenge attacks in villages south-east of Mosul against those residents suspected of having ties to IS, the London-based rights group said.

Some were beaten with metal rods and given electric shocks, and some were tied to the bonnets of vehicles and paraded through the streets or placed in cages, it said, citing interviews with local officials and village witnesses.

"There is strong evidence that Sabawi tribal militia members have committed crimes under international law by torturing and otherwise ill-treating residents in Qata al-Sabaween (Sabaween sector) in revenge for crimes committed by IS," said Lynn Maalouf, Amnesty's deputy director for research in Beirut.

 

Read more …

Colombia's Santos to visit N. Ireland to study peace process

Category: Economics
20 October 2016

 

Colombian President Juan Manuel Santos, winner of this year's Nobel Peace Prize, will visit Northern Ireland in November to learn about its peace process, the Colombian embassy said on Thursday.

Santos, who is struggling to implement his peace accord with the Revolutionary Armed Forces of Colombia (FARC) after it was rejected by voters, will visit the British-ruled region on November 2.

The embassy said in a statement that the Colombian leader's visit was due to Northern Ireland's "importance as a model of peace and reconciliation".

Santos will meet officials and visit the Girdwood community centre in north Belfast on November 3 to discuss peace and reconciliation with local residents.

His state visit to Britain at the invitation of Queen Elizabeth II will begin on November 1.

 

Read more …

Saudi Arabia raises $17.5 bn in first global bond issue

Category: Economics
20 October 2016

 

Saudi Arabia raised $17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy.

The bond issue -- the first time Saudi Arabia has turned to international markets for financing -- was hailed as historic by investors and according to official media was nearly four times oversubscribed.

"It was the biggest syndicated issue ever by any country," said Jean-Marc Mercier, co-director of the debt capital markets division at HSBC, which took part in the transaction and confirmed the figure.

The world's largest oil exporter, Saudi Arabia is seeking financing as it moves to diversify its economy following the global collapse in crude prices.

The kingdom is projecting a budget deficit of $87 billion this year after a fall in oil revenues, which still account for most of its income.

It has taken a series of austerity measures, including subsidy cuts and reductions in cabinet ministers' salaries, and earlier this year announced an ambitious plan to diversify its economy.

 

Read more …

US, Britain and UN demand Yemen ceasefire within days

Category: Economics
17 October 2016

 

The United States, Britain and the UN peace envoy to Yemen on Sunday urged the warring parties in the country's civil war to declare a ceasefire they said could start within days.

The United Nations envoy, Ismail Ould Cheikh Ahmed, said: "We are here to call for an immediate cessation of hostilities, which will be declared in the next few hours."

Cheikh Ahmed said he had been in contact with the rebel Huthi militia's lead negotiator and with Yemeni President Abedrabbo Mansour Hadi's government.

But he also warned that he hoped for "clearer plans" for a ceasefire in coming days.

US Secretary of State John Kerry would not predict whether Yemen's government or rebel forces had accepted the demand, but said the diplomats were not operating "in a vacuum."

 

Read more …

Stock markets diverge, weighing oil output deal

Category: Economics
29 September 2016

 

Asian and European stocks mostly rallied Thursday but failed to provide momentum to Wall Street which edged lower as traders weighed OPEC's surprise deal to limit oil output.

After initially lighting a fire under oil prices, enthusiasm for the announcement by major oil producers fizzled on questions about OPEC's ability to seriously tackle a supply glut.

Crude prices fell back as doubts set in about the deal, struck in Algiers Wednesday, but energy-linked currencies and petroleum-linked shares held on to strong share price gains.

The oil price then recovered to show small gains in the late European afternoon.

 

Read more …

In US visit, London mayor Khan criticizes Trump

Category: Economics
19 September 2016

 

Visiting London mayor Sadiq Khan criticized Republican presidential candidate Donald Trump's comments on Muslim immigration.

Khan, who is of Pakistani descent and became the first Muslim mayor of a major Western capital when he was elected in May, arrived in Chicago to begin a US trip promoting trade ties.

Trump at one point called for a ban on Muslim immigration into the US. The candidate has since modified his stance to urge an immigration ban from countries with "a proven history of terrorism" and for "extreme vetting" of immigrants.

"We play straight into the hands of those who seek to divide us, of extremists and terrorists around the world, when we imply that it's not possible to hold Western values dear and to be a Muslim," Khan said to applause from an audience at The Chicago Council on Global Affairs. It was his first visit to the US as London's mayor.

 

Read more …

Fugitive Snowden urges Obama to pardon him

Category: Economics
14 September 2016

 

US intelligence whistleblower Edward Snowden called on President Barack Obama to pardon him, saying in comments published Tuesday it had been morally "necessary" to shine a light on mass surveillance.

The former intelligence contractor has spent three years in exile in Russia after initiating the largest data leaks in US history, fuelling a firestorm over the issue of mass surveillance.

"If not for these disclosures, if not for these revelations, we would be worse off," he told Britain's Guardian newspaper in a video-link interview from Moscow on Monday.

"Yes, there are laws on the books that say one thing, but that is perhaps why the pardon power exists -- for the exceptions, for the things that may seem unlawful in letters on a page but when we look at them morally, when we look at them ethically, when we look at the results, it seems these were necessary things," he said.

 

Read more …

Brexit would shut UK out of EU trade zone: Schaeuble

Category: Economics
13 June 2016

 

German Finance Minister Wolfgang Schaeuble on Friday issued a stark warning to Britain that it would face costly barriers to the European Union trade zone if it left the bloc.

The comments by one of Europe's most senior officials is a blow to Brexit supporters, who have argued that Britain could negotiate deals to access the single market similar to those in place for non-members Norway and Switzerland.

"That won't work," the veteran minister told Germany's Der Spiegel weekly, which on Saturday plans to publish a German-English edition at home and in Britain with "Please don't go!" on the cover.

"That would require the country to follow the rules of a club which right now it wants to leave."

European Commission president Jean-Claude Juncker last month said that British "deserters will not be welcomed with open arms" by European partners if Britain votes to leave in the June 23 referendum, but Schaeuble's intervention is the most explicit threat so far.

Vote Leave chief executive Matthew Elliott hit back, saying there was "no question about it, Britain will still have access to the single market.

"It would be perverse of the eurozone to try to create artificial barriers -- and would do far more damage to them than to anyone else," he said.

The EU accounts for 47 percent of British exports and 54 percent of imports, according to latest government figures.

 

Read more …

More Articles …

  1. Yellen confidence boosts Wall Street
  2. At least 41 killed in IS-claimed bombings on Yemeni forces
  3. G7 warns over global economy as currency row flares
  4. French investigators to grill Paris attack suspect Abdeslam
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