MWC 2016 LIVE: EC adds Brazil to partner tally

The European Commission (EC) announced an agreement with Brazil to develop 5G technology, building on similar partnerships with South Korea, China and Japan. In a signing held at Mobile World Congress, the parties committed to a joint collaboration to “strengthen cooperation in this strategic area and to make sure that 5G does not develop in […]

The European Sting writes down the history LIVE from G20 Leaders’ Summit in Turkey

Just a few days now remain until the world’s highest level Summit where the 20 most powerful leaders will convene. This year the exclusive G20 Leaders’ Summit will be taking place in Antalya Turkey on 15-16 November 2015. The Sting, faithful to the tradition it has created to cover the world’s most important Summits, like the […]

A few, or rather two, trade and economic alliances may rule our brave new world

Jean-Claude Juncker, the EU Commission President together with the Japanese Prime Minister Shinzo Abe gave a Press conference following the 23rd EU-Japan Summit which took place in Tokyo on 29 May. The focal point of the meeting was supposed to be the free trade agreement (FTA) between the two sides. However the EU dignitary spoke […]

OECD tells Eurozone to prepare its banks for a tsunami coming from developing countries

OECD is not like the IMF. The Organisation of Economic Co-operation and Development, unlike the International Monetary Fund doesn’t chew its words, when it comes to the economic prospects of the global economy. The reason is that its mandate obliges the Organisation to effectively protect its 34 member states from the dangers lurking ahead, by […]

Preparing for developing countries the ‘Greek cure’

IMF economists, Kalpana Kochhar and Roberto Perrelli, in their study entitled “How Emerging Markets Can Get Their Groove Back”, posted yesterday by iMFdirect, give a rather frightening response to this question. They conclude that “we estimate that emerging market’s “potential” growth needs to be revised down”. IMF Economic counsellor and director of the Research Department, […]

OECD: Mind the financial gap that lies ahead

A rather disappointing picture of the world economy drew OECD Deputy Chief Economist Jorgen Elmeskov last week, when he said that “The gradual pick-up in momentum in the advanced economies is encouraging but a sustainable recovery is not yet firmly established. Major risks remain”. If it was not for China’s predicted growth during the last […]

EU, Brazil to hold high level Summit in Brasilia

The European Union and Brazil are holding a bilateral Summit in Brasilia on 24 January. Already from 2007 the EU and the largest South American country have established a strategic partnership in recognition of both sides’ political and economic importance. According to a Commission Press release, bilateral Summits are held annually and focus on key […]

Brazil: A strategic partner for the EU

Brazil is one of the largest democracies of the world, and the offshore oil findings of the past few years, have helped the country become not only self-sufficient in hydrocarbons but also draw millions of its people out of poverty. The country is grouped by OECD to the BRICs (Brazil, Russia, India, China), constituting the […]