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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Linda Yueh, Oxford and London Business School economist “Who the hell wants to copy a document on plain paper???!!!” Rejection letter sent to Chester Carlson, inventor of the XEROX machine in 1940. “This ‘telephone’ has too many shortcomings to […]
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 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 newspaper for many months has been closely following the US-China trade conflict (if not at times a full trade war). The current negotiations in Washington D.C. are stuck at the same point as last summer. On August 27 our leading article said: “… Washington’s demands go beyond tariffs”. On October 18 we observed, “The […]
At the time of trillion dollar companies and global borrowing much above the 2008 crisis levels, and after nine years of continued swelling of values in all and every western capital markets, bankers decided there cannot be turning back to normality, interest rates and debt wise. They say the thing must not be stopped from […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Børge Brende, President, Member of the Managing Board, World Economic Forum At the Munich Security Conference last week, I moderated a panel discussion with an intriguing headline: can we make [economic] competitors like the US, Europe and China trade […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Pamela Coke-Hamilton, Director, Division on International Trade and Commodities, United Nations Conference on Trade and Development (UNCTAD) In a year defined by retaliation and counter-retaliation, resulting in a trade impasse between the United States and China, more than half […]
It’s an established fact by now that the Eurozone economy is slowing down. The International Monetary Fund cuts down the relevant growth estimate for this year to 1.6% and 1.7% for 2020. This is far below the robust 2.4% of 2017. The German economy, the largest and the more competitive country of the club, is […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Angel Gurría, Secretary-General, Organisation for Economic Co-operation and Development (OECD) Discontent with globalization is a key factor behind the temptation to advance policy goals through unilateral actions rather than by working together. Notwithstanding the major net positive impact of economic […]
A small group of British Tory MPs numbering around 120 representatives are decisively planning to send Britain to the cliff in a no-deal Brexit. Before last Xmas, they triggered an intraparty procedure to oust Prime Minister Theresa May from the party Presidency and consequently drive her out from 10 Downing Street. They were in minority […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Guy Standing, Professorial research associate, School of Oriental and African Studies, University of London As a long-time proponent of basic income, and as someone who has been involved in pilots in four continents, the past year has been a […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Saadia Zahidi, Managing Director, Head of Social and Economic Agendas, World Economic Forum “It was a chance… for us to send pain the other way. And we took it.” A Brexiteer’s statement in the wake of the referendum in […]
Tomorrow, Tuesday, the British Parliament, the Commons, is to vote on Prime Minister Theresa May’s proposal, for a kind of soft Brexit withdrawal agreement. As everybody agrees, it’s most likely this PM’s plan will be rejected by the majority of the parliamentarians, as they have also voted down her other proposals during the past critical […]
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 […]
Like Christopher Clark’s ‘Sleepwalkers’, Britain alone on the one side and the European Union led by Germany and France on the other are walking apart, without a deal to jointly settle their future relations. One and a half years have elapsed since the 23 June 2016 referendum, with endless talks and self-complacency. Still, neither side […]
“This is the EU & the world in 2018 as we stung it and you read the most”, The Sting’s Team addresses its fondest 2019 wishes to our most powerful reader, You. January Trump reshapes the Middle East at the expense of Europe Will the end of QE come along with ECB’s inflation target? Hungary and Ireland […]
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 collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content More than 10 years since the global financial crisis, many people are still dealing with its aftermath. Global wage growth in 2017 fell to its lowest rate since 2008. Adjusted for inflation, real-terms […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Erik Barnett Head of Financial Crime Threat Mitigation, Europe, HSBC A young woman walks into a bank branch in London. She is soon noticed by a teller, who sees that she is closely followed by a man, who […]
The China-US trade truce agreed upon by the US President Donald Trump and his Chinese counterpart Xi Jinping has just prolonged the uncertainties haunting all and every world market. Stock exchanges on Monday went up and then on Tuesday fell on the news. The respite was struck last Saturday between the two leaders, in the […]
Last week, the French President Emmanuel Macron and the German Chancellor Angela Merkel challenged the US President Trump by deciding to create a real European army. This week, the two European leaders said they are seriously working on the project to build a financial/trade-clearing mechanism, meant to override the American sanctions against Iran. In both […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Miguel Milano, President, Salesforce The concept of building shareholder value has been a driving force of business since companies began to go public. Yet as businesses and governments adjust to the new realities of the Fourth Industrial Revolution, […]
After last Tuesday’s midterm elections in the United States, the Republicans of President Donald Trump lost the House of Representatives to the Democratic Party. The vote was turned out into a referendum for the Trump administration, and the GOP lost the full control of the two chamber Congress. From now on, the White House will […]
France and Germany have put their weight behind the Russia–Turkey agreement for a lasting ceasefire in Syria. The four leaders also said they agreed to put together a committee to draft a constitution for the political rehabilitation of the devastated country. Last Saturday, the French President Emmanuel Macron, German Chancellor Angela Merkel and the Russian […]
The US- China trade war is now taking new dimensions, touching the very financial heart of the most populous country on earth. The Washington administration has already more or less ordered Beijing to perform unbelievable structural changes of American liking in the economy. Now they say monetary issues have to be inserted in the trade […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Alex Konanykhin, CEO, TransparentBusiness Countries around the world spend an estimated $9.4 trillion a year on procurement – 15% of global GDP. Indeed, UN figures estimate that public procurement can account for 15-30% of GDP for many countries. […]
The Brexit cataclysm comes to its apex. On the one side is Prime Minister Theresa May, and on the other around 50 unrepentant Brexiteer Tory MPs. The sides are about to cross swords within and without Parliament. Reportedly, May could pass her own – not so mild but negotiable in Brussels – version of Brexit […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Shuaihua ChengManaging Director, ICTSD China, International Centre for Trade and Sustainable Development (ICTSD) This week, trade and investment ministers from the G20 will gather at Mar del Plata in Argentina for the first time since the tariff […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Wendy CutlerVice-president, Asia Society Policy Institute Tension, angst and mistrust pervade today’s global trade landscape. The multilateral trading system that has governed the international flow of commerce over the past 70 years is being tested in ways that […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Dominik BreitingerCommunity Lead, Professional Services Industry, World Economic Forum & Sophie Hardach Greedy locusts or corporate reformers? Ruthless predators or clear-eyed strategists? Activist investors are transforming the corporate landscape, but their broader impact is still far from clear. Their […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Sushant Palakurthi Rao, Head of Global Partnerships, Agility As the World Economic Forum comes to Ha Noi for this year’s ASEAN meeting, we’re reminded of how far Viet Nam has come since the country first hosted the gathering […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Michael Hanley, Head of Digital Communications, Member of the Executive Committee, World Economic Forum Since Turkey suffered an economic crisis of confidence in September – with its currency falling by some 40% that month – emerging markets around […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Isabel Cane, Project Lead, Partnering Against Corruption Initiative (PACI), World Economic Forum Corruption is a dirty word. The very definition of it is contested, its existence constantly denied and when you get close to shedding enough light on […]
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