Banks can fight financial crime. But we can’t do it alone

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 deal will be signed on time; the path is set

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 […]

France, Germany challenge Trump’s America on Iran and the reign of the dollar

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 […]

What is inclusive capitalism, and why does it matter?

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, […]

EU-US ties to break over Iran; Democrats’ electoral win may not change it

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 […]

The Europeans back Russia-Turkey on Syria: A ‘Waterloo’ for Saudis and their Crown Prince

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 […]

US-China trade war: Washington now wants control of the renminbi-yuan

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 […]

How transparency can help the global economy to grow

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. […]

Who can unlock the stalled Brexit negotiations? UK Premier sticks to her proposal

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 […]

3 things the G20 can do to save the World Trade Organization

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 […]

Global trade is broken. Here are five ways to rebuild it

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 […]

Activist investors are more powerful than ever. Here’s what that means for the economy

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 […]

Trade, entrepreneurship and the future of ASEAN’s economy

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 […]

What do the economic woes of Turkey, Argentina and Indonesia have in common?

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 […]

Is this the way to finally beat corruption?

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 […]

US-China trade war at point of no return: Washington’s demands go beyond tariffs

It seems the US-China trade conflict, if not full scale trade war, is entering the phase of no return. Nothing will be as before in the economic and otherwise relations between the two largest economies of the world. Washington appears ready to push its cause to the end, while Beijing still pretends not to understand […]

How this one change can help people fight poverty

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Leora Klapper, Lead Economist, Development Research Group, World Bank Nearly 800 million people globally live in extreme poverty, estimates the World Bank. Africa is home to more extremely poor people than all other regions combined. Most of the […]

Which countries have the highest unemployment rates?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Johnny Wood The global financial crisis that began in 2008 shook the world’s economies, but the long-term impact hit some countries harder than others. First, though, the good news: the Organization for Economic Cooperation and Development’s (OECD) […]

CETA at risk again: Italy says it won’t ratify EU-Canada trade deal over product protection fears

Parmesan cheese on shelves in Italy (Copyright: European Union, 2014 / Source: EC - Audiovisual Service / Photo: Daniela Giusti)

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 […]

A Sting Exclusive: “EU’s Sustainable Finance Action Plan – Laying down the foundations for a Greener Financial System”, by European Commission’s Vice-President Dombrovskis

Mr Dombrovskis’ exclusive piece is another precious response to the United Nations Under-Secretary-General Erik Solheim’s cutting-edge article on renewable energy investment and Sustainable Finance, exclusively written for The Sting. European Commissioner Vella had initially replied to the Head of UN Environment with his own insightful article on Sustainable Finance. These world-shaping articles constitute the most consequential High Level dialogue in European media […]

Trump goes ahead with plan to undo globalization; targets China and EU

Harley-Davidson motor cycles is the first American iconic company to suffer in more than one way from Trump’s action aimed at reversing the world economic order. It’s a matter of fact by now that the ‘America first’ President seems decided to overturn globalization. In doing so, apart from causing global disorder, he will embarrass a […]

EU adopts retaliative measures in response to US steel and aluminum tariffs

This story is brought to you in association with the European Commission This is a European Commission release Brussels, 20 June 2018 The European Commission adopted today the regulation putting in place the EU’s rebalancing measures in response to the US tariffs on steel and aluminium. The measures will immediately target a list of products […]

Cutting money transfer fees could unlock $15bn for developing countries. Here’s how

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Alan Safahi, CEO, ZED Network The turn of the century marked a period of rapid migration: the total number of international migrants has increased by 60% since 2000. With more than 250 million immigrants and migrant workers […]

Commerce is on the cusp of radical change. Is your organization ready?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Anna Sofia Martin, Editorial director, sparks & honey Activities traditionally associated with commerce are being disrupted and transformed by innovations that will redefine how we produce, distribute, market and consume products and services. Our analysis points to a […]

Germany takes cover from Trump in Eurozone and decides to pay for it

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 […]

At last Germany to negotiate the costs for a really cohesive Eurozone

Finally, Germany blinked. Chancellor Angela Merkel at last decided  to clearly respond and, up to a certain degree, uphold French President Emmanuel Macron’s ideas, about reforming the Eurozone, in order not only to save it from unraveling, but, if  possibe, to make it more cohesive and stronger. In an interview to last Sunday’s issue of […]

Capitalism’s greatest weakness? It confuses price with value

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Mariana Mazzucato, Professor in the Economics of Innovation and Public Value, University College London (UCL) The global financial crisis, which began in 2008 and whose repercussions will continue to echo round the world for years to come, has triggered […]

Is Germany closer to Russia than the West? Nord Stream II and Iran count more

Last Friday, Angela Merkel, the German Chancellor, rushed to Sochi, the Black Sea seaside Russian resort to meet Vladimir Putin. It was the first visit by a Western leader to meet him at home, after his fourth inauguration on 7 May as President of the vast country, this time for six more years. Looking through […]

Europe split in confronting the US sanctions on Iran, Washington isolated

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 […]

France-Germany: Divided in Europe, USA united in…Iran

Last Tuesday afternoon the President of ‘America first’ Donald Trump withdrew the US from the Nuclear non-Proliferation Agreement with Iran. The deal is known as P5+1 and was co-signed by the US, France, Britain, Germany, Russia and China. There is no information regarding when the US is to re-introduce its economic sanctions against Iran, and […]