“A sustainable economy, low-carbon, resource-efficient, resilient and more competitive on the global stage”, EU Commissioner Vella in a Sting Exclusive

EU Commissioner Vella’s exclusive opinion editorial is published in response to the United Nations Under-Secretary-General Erik Solheim’s cutting-edge article on renewable energy investment and sustainable finance exclusively published at The Sting on 13 April 2018. The opinions expressed in this Sting Exclusive belong to the EU Commissioner. Environmental risks to the economy cannot be ignored. The […]

“The markets have moved on renewables, policy makers must keep up”, A Sting Exclusive by Erik Solheim, Head of UN Environment

This article was exclusively written for The European Sting by Mr. Erik Solheim, Executive Director of the United Nations Environment. The opinions expressed in this article belong to the distinguished writer. Just in case there was ever any doubt, it’s now crystal clear that clean, renewable energy is the future. The latest data shows a […]

Banking on sunshine: world added far more solar than fossil fuel power generating capacity in 2017

Endorsed content China leads with more than half of world’s new solar capacity Global solar investment jumps 18 percent to $160.8 billion Cumulative renewable energy investment since 2004: $2.9 trillion  Frankfurt/Nairobi, 5 April 2018 – Solar energy dominated global investment in new power generation like never before in 2017. The world installed a record 98 […]

Mainland Europe adopts Germanic cartel business patterns

As in VW’s diesel engines emissions scandal, in the case of Estonia’s half banking system working as mafia’s financiers, it was the Americans to unveil the wrongdoings. Is it by chance or the Europeans are looking the other way, when it comes to their own dirty laundry? Those calculated frame ups are not only meant […]

Trump’s trade wars: Aiming at long term gains for America

Last Friday, President Donald Trump again surprised  the world by imposing new import tariffs on Chinese products of a value of $60 billion and deferring the imposition of import super levies on European Union steel and aluminum for 1st May. In the latter case he also postponed the new tariffs for another six exporting countries […]

A Sting Exclusive: “Infrastructure can lay the groundwork for the Sustainable Development Goals” by Mr Fulai Sheng, UN Environment Senior Economist

Exclusively written for The Sting by Mr Fulai Sheng, UN Environment senior economist. The opinions belong to the distinguished writer. Infrastructure’s importance is often overlooked. Similar to the circulatory and nervous systems in the human body, infrastructure underpins our economies and allow them to function. Energy, transport, telecommunications and water infrastructure provide the framework that […]

Trump’s trade war splits the EU; Germany upset with Juncker’s “we can be stupid too”

The US-EU trade war starts on 23 March, with the first shot fired by Washington at 12:01 a.m. (04.01 GMT). From what we know so far, from that minute onward the American customs authorities will impose extra tariffs on steel and aluminum imports, set by President Trump at 25% and 10% respectively. However, it seems […]

Trump systematically upsets global order and trade: Where does this end?

The extra import tariffs Donald Trump, the ‘America first’ President, the US is to impose on steel (25%) and aluminum (10%) imports have provoked a tsunami of reactions and widespread consequences without and even within the country. The European Commission President reacted swiftly and stated the EU is to retaliate with tariffs of an equal […]

Is Britain to sail alone in the high seas of trade wars?

If Britain is counting on the US for a favorable bilateral trade agreement after Brexit, Donald Trump the President of ‘America first,’ rushed last Thursday to destroy that Brit dream; he announced 25% extra tariffs on steel and 10% on aluminum imports, prompting anger and retaliatory measures from America’s closest political allies, Canada and the […]

A Trumpist squad shook Davos and the world

Towards the end of last week, in Davos, a money devaluation war broke out. In the ‘magic’ Alpine mountains American Trumpist dignitaries did what was expected of them: they told the world they don’t give a damn about it…Trump himself, however, appeared a bit less Trumpist than his folk. Overall though, a US administration squad […]

Fed, ECB take positions to face the next global financial crisis; the Brits uncovered

The appointment of Jerome Powell as the next head of the US central bank, the famous Fed, is a reassurance to the financial world that the giant lenders will continue being favored by ample and very cheap money. Last Thursday, Donald Trump, the American President didn’t dare to change the cautious approach to monetary policy. […]

Brexit: The Conservative Party drives the UK and Europe to a perilous road

The Tories, the governing party of Britain is falling apart, being deeply divided about the kind of Brexit their country should pursue. It’s not the disastrous political circumstances of Prime Minister Theresa May that blocks the negotiations with the European Union, but the chaos dividing the hard Brexiteers from their colleagues preferring a smooth partition […]

The EU Commission vies to screen Chinese investment in Europe

Last week, Jean-Claude Juncker, the head of the powerful European Commission, the executive arm of the European Union, announced a plan to screen foreign investments. The idea is to hold back or even effectively block business acquisitions or other investment plans financed by third country companies, in key sectors allegedly considered to be sensitive from […]

Europe to turn the Hamburg G20 Summit into a battlefield

This week’s G20 Summit in Hamburg, Germany is expected to become a battlefield from the very first gathering. Chancellor Angela Merkel is to attack the US President Donald Trump, about his rejection of the Paris Climate Agreement. The American will reply with a demand for ‘free and fair trade’ as he ventures it, especially for […]

Human rights in Brussels and in Beijing: a more balanced approach needed

At the last United Nations Human Rights Council meeting, which was held in Geneva earlier this month, Greece shocked the world by objecting a common EU statement regarding the condemnation of  human rights violations in China. EU diplomats were not happy about that as it was the first time that the EU did not agree […]

19th EU-China Summit: A historical advance in the Chino-European rapprochement

Mainstream media and the two EU Presidents (Donald Tusk of the Council and Jean-Claude Juncker of the Commission), during and after last week’s groundbreaking 19th EU-China Summit (1-2 June), focused on the joint and unreserved pledge of Europe and China to wholeheartedly uphold the Paris Climate Agreement. This was a direct reply to Donald Trump’s […]

Trump enrages the Europeans and isolates the US in G7

Last Thursday, Donald Trump, at a superb hall in the new glass and steel NATO building in Brussels, delivered an unruly speech, after having pushed aside Prime Minister Dusko Markovic of Montenegro (the related video has become viral) while walking towards the rostrum. He came out with a blatant and derogatory account aimed at 23 […]

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 […]

Trailing the US-EU economic confrontation

More than one economic pundit felt relieved learning that Eurostat, the EU statistical service last Friday estimated the September CPI inflation in Eurozone at 0.4%, the highest level in two years. Understandably, they think that the stagnating and almost deflationary euro area is leaving behind its grim past, aided by ECB’s liquidity injections of €80 […]

The Americans are preparing for the next financial crisis

Last week, Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, in more than one ways revealed that the American central bank prepares to confront the next financial downturn. On Wednesday, 28 September, speaking at the House Financial Services Committee in Washington D.C. , she defended the Fed’s rigorous supervision over […]

Deutsche Bank again in the middle of the US-EU economic skirmishes

The US government is reacting in many ways against the fine in back taxes of €13 billion which the European Commission imposed on Apple. Firstly, Jack Lew, the American Secretary of the Treasury, accused the EU of grabbing tax incomes which belong to the US. On 31st August he said, “What’s not appropriate is for, […]