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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Harry Kretchmer, Senior Writer, Formative Content Remittances – the money sent home by individuals to family and friends – are in crisis because of the global economic downturn. It comes after the total value of remittances reached $714 […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Justin Jensen, Project manager, World Economic Forum Investors are looking to grow their portfolios in emerging markets. They must take the time to understand the local business environment, culture, and evolving regulations. Partnering with local investors can be […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mario Greco, Chief Executive Officer, Zurich Insurance Group Prices shape the behaviours of individuals and companies alike. Insurers are incentivizing customers to tackle climate change. A carbon tax would encourage users to put less of it into the […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Ministers at Davos announced negotiations between 99 economies on a new international framework on investment facilitation for development at the World Trade Organization (WTO), with the strong support of business and other key stakeholders. The framework is aimed at […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Milton Cheng, Global Chair, Baker McKenzie & Beatriz Pessoa de Araujo, Partner; Head, Corporate Governance, Baker McKenzie & Julia Hayhoe, Chief Strategy Officer; Member of the Global Executive Committee, Baker McKenzie Shareholder capitalism is making way for stakeholder […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jennifer Morgan, Executive Director, Greenpeace International To continue financing fossil fuel expansion is today’s equivalent of betting the bank – and the global economy – on subprime mortgage-backed securities over a decade ago; it is fuelling a crisis […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Not so long ago, our fates as future TaskRabbit handymen and Uber drivers seemed to be sealed. We were being told that freelance work in the “gig economy” would reshape careers, and even entire workforces in a way that […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Katharine Rooney, Senior Writer, Formative Content What if more money went into financing projects and policies that help the planet? Creating a greener economy requires significant investment, whether that is funding a new network of electric buses, the creation […]
Unquestionably, everything is wrong in the international financial system, even though the major central banks have actually donated trillions to the banking ‘community’. The US central bank, the Fed, has lent almost free of charge $4.5 trillion to the American banking hub. On this side of the Atlantic Ocean, the European Central Bank has done […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content The rate of inflation has a big impact on your financial situation, affecting mortgage payments, savings and the cost of your weekly shopping. How the price of goods and services we regularly spend […]
Last week’s G20 meeting in Osaka confirmed that the forum’s commonly shared concern about our future on the planet is definitively a thing of the past. Last week, the cacophony at the table of the 20 heads of the largest countries of the world – which first appeared last December in Buenos Aires – became […]
Super Mario did it again. Only months before leaving the helm of the European Central Bank he made sure his accommodative monetary policy will hold well, even after he leaves Frankfurt am Main. Last Thursday, he pushed interest rates below the zero level for at least another year. Even if his successor will be a […]
One after the other, all the major central banks of the world follow the regrettable example of the Fed and the ECB in reversing their efforts to contain the greed of the financial mammoths. The American central bank, the Fed, and the European Central Bank will continue feeding the giant financial conglomerates with $4.5 trillion […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University & Ross Chainey, Digital Media Specialist, World Economic Forum The financial crisis of 2008 may have started in the US banking sector but it […]
Last week, the UK Parliament, the Commons, before rejecting PM Theresa May’s deal with large majority for a third time, had also voted down all eight alternative exit options, ranging from a wild divorce to no exit at all. So far, the legislative has agreed only on delaying the exit. Now, the Prime Minister says […]
A round $10 trillion worth of bonds are currently being traded in world markets on negative interest rates. At the same time, the European Central Bank prepares to flood the Eurozone and the banking world with hundreds of billions of zero interest rate euros, in an abrupt change of monetary policy course from restrictive to […]
Last Thursday, the EU’s 27 leaders unanimously agreed to delay the departure of Britain from the club by at least a fortnight. The exit date had been fixed on 29 March 2017 for exactly two years on. However, the postponement of the divorce sets a tough task for Jeremy Corbyn, the head of the major […]
Last Thursday, the European Central Bank decided to start again feeding the bankers with more zero cost trillions. This was a surprise to many, because everybody thought the €2.6 trillion the ECB has already handed to banks free of charge were enough. Seemingly, Mario Draghi thinks it is not and hurried to invite the bankers […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mario Mesquita, Chief Economist, Itaú Unibanco To estimate the effects of trade tensions on global growth, we created an economic simulation. First, we calculated the direct impact of tariff hikes on GDP. Our simulation assumes that the US will […]
The US and China agreed to hold talks on 7-8 January in Beijing to settle their trade differences, which have already eaten into both economies and disturb the global financial universe. If they fail to agree this week, the impact will be worse. It seems things are so bad, that the US Federal Reserve Chairman […]
The global outlook for 2019 was already looking unpredictable and dangerously confrontational, but the firing of US Defense Secretary, the moderate retired general Jim Mattis makes it exponentially more so. During the past few months ‘America first’ President Donald Trump has dismissed all the top three reasonable American policy makers. First it was the State Department […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Axel P. Lehmann, Group Chief Operating Officer, UBS Group AG Crypto-assets and cryptocurrencies have soared in popularity since 2008, with more than 1,000 of the latter in existence today. Recently, large gains followed by steep declines led to […]
This newspaper has repeatedly asserted there will be no real Brexit, at least in the foreseeable future. Last week, the European Council in Brussels confirmed this. The President of the Council, Donald Tusk, made it clear. He plainly said Britain can remain as a full EU member after the Brexit day of 29 March 2019, […]
The North America Free Trade Agreement (NAFTA) is dead. Long live the new United States, Mexico, Canada Agreement (USMCA). The three North American nations will continue trading goods of a value of at least $ 1.2 trillion yearly between them. The US President Donald Trump had termed NAFTA as the worse trade deal his country […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Enass Abo-Hamed, CEO, H2GO Power & Daniel Evans, Co-founder, Gibraltar Stock Exchane If we want to prepare for the future, we must acquire a stake in the new and crucial area of technology called blockchain. Amongst other applications, […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Zhu Ning The US Federal Reserve governor, Jerome Powell, stated in the recent Jackson Hole meetings of global central bankers that the US economy is doing well at present and confirmed the continuation of interest-rate hikes in […]
This article was written by Ms Christine Lagarde, Managing Director of the International Monetary Fund. The opinions expressed belong to the distinguished writer. The article was first published in IMF blog. The artist Claude Monet once said, “I worked without stopping, for the tide at this moment is just as I need it.” As the Group […]
The Comprehensive Economic and Trade Agreement, simply known as CETA, may be under threat again. The shocking news came out last Friday, when Italian Deputy Prime Minister Luigi Di Maio said Italy will not ratify the European Union’s free trade agreement with Canada, which mostly took effect last year. The EU-Canada FTA, which is EU’s […]
The announcement of the end of the monthly money injections into Eurozone by Mario Draghi, the President of the European Central Bank was not received in the capital markets as a hawkish toughening of monetary policy, as it theoretically should have been. The reasons are many. On the contrary, the euro lost more ground with […]
Nobody in Germany doubts it any more that Donald Trump’s America is not a friendly country and market any more, or a guarantor of European security, as was the case for the last 70 years after WWII. To ward off any confusion about that, the German ambassador to the US made a clear statement. Peter […]
Finally, Trump did it. He declared war against his country’s closest and more loyal allies Canada, the European Union and Mexico. In the case of the EU though, things may be more complicated than the super tariffs on steel and aluminum products of 25% and 10% respectively, imposed as from 1 June by the US […]
This article is brought to you based on the strategic cooperation of The European Sting with the World Economic Forum. Author: Sonia Hierzig, Project Manager – Banking, ShareAction Banks are exposed to a number of climate-related risks through the diverse range of sectors they finance. Across the world, they continue to fund high-carbon industries, thus enabling a range of […]
Donald Trump, the ‘America First’ President in withdrawing from the Iranian nuclear non-proliferation deal, doesn’t seem to be honoring his lead electoral motto. It seems that he is serving more the interests of Saudi Arabia and to a lesser extent of Israel. Riyadh has much at stake in its inimical interaction with Iran. Israel on […]
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