Brexiteer May gets lip-service from Trump and Turkish promises from Erdogan

The rush announcement of a fabulous trade deal with the US, which ,Teresa May, the British Prime Minister sought last week in Washington D.C., didn’t materialize. As for the much advertised ‘special relationship’ between the US and Britain, it will bear no economic meaning whatsoever, at least in the foreseeable future. The governing Brexiteers in […]

“We need to use the momentum globally to ensure that corporations pay their fare share of taxation”, EU Commissioner Valdis Dombrovskis outlines from the World Economic Forum 2017.

At the third day of the World Economic Forum 2017 in Davos, the session “Taxation without Borders: A Fair Share from Multinationals” took place where tax-base erosion and profit shifting policies were discussed in view of the Panama Papers and the fact that countries lose tones of money when multinationals implement such strategies. Emerging countries […]

“China will strive to enhance the performance of economic growth”, President Xi highlights from the World Economic Forum 2017 in Davos

The first day of the World Economic Forum (WEF) began with the opening plenary with Xi Jinping yesterday, President of the People’s Republic of China, monopolizing the interest of the global economic status quo convening these days at the Swiss Alps. This was the first time ever a Chinese President accepts the Davos invite and naturally all the […]

Deutsche Bank chased away from US, threatened with more fines

The US Department of Justice settled its claims against Deutsche Bank, the biggest German lender, for packaging and selling toxic mortgage securities to uninformed customers prior to the 2008-2010 financial crisis. Initially, the Justice Department had asked for $14 billion, but it seems it settled for a fine of $7.2bn. However, this is not the […]

COP22 addresses a strong global pledge to effectively implement the Paris Agreement

Last Friday, more than 190 countries gathered at the United Nations Climate Change Conference (COP22) and jointly pledged through an Action Proclamation to implement the Paris Agreement showing a sense of global unity on climate change. The Proclamation was a clear call for more political commitment in order to fight climate change and prevent its […]

The COP22 is under full deployment while Donald Trump threatens openly to withdraw the US from the Paris agreement

The 22nd Conference of the Parties to the United Nations Framework Convention on Climate Change (COP22) which is taking place at the Moroccan city of Marrakech is already at its second week with the final meetings to be held under the fear that the newly elected U.S. government will step back from the Paris Agreement. It is […]

Trump’s blasting win causes uncertainty and turbulence to the global financial markets

So Donald Trump against all odds won the US elections and will become the 45th President of the United States of America. The latter had as a result to cause severe and immediate turbulences to the world’s financial markets which experienced serious losses in the first few hours of the elections. However, Trump’s victory speech that came right after […]

Will CETA be implemented after eight long years or it will be vetoed by the EU citizen?

It was last Sunday when the EU and Canada signed the free trade agreement CETA (Comprehensive Economic and Trade Agreement), despite the protest taking place just outside the European Council’s building. This deal is meant to create more jobs and growth through stronger economic relations. However, the approval of the national parliaments in Europe and […]

Who can compel Wallonia to unlock CETA, the EU-Canada free trade pack?

No, it wasn’t just the tiny Wallonia region of Belgium and its 3.6 million French speaking inhabitants who blocked CETA (Comprehensive Economic and Trade Agreement). This is an EU-Canada free trade and investment pact that took eight years to the Brussels Commission and the Canadian authorities to draft. It was also the Brexit and the […]

IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized

This year’s annual meetings of the IMF – World Bank Group in Washington D.C., which kicked off on Thursday 6 October, turned out to be an all out financial war of words between the United States and Germany. In the middle of it stands the battered Deutsche Bank. For a start, there was a confrontation […]