Turkey remains numb while its economy is expected to shrink further due to a cocktail of EU and US sanctions

The EU Council decided to impose sanctions on Turkey for continuing its illegal drilling operations in the Cypriot territorial waters violating the EU member’s sovereignty rights. The Turkish side however keeps claiming the natural sources in the area and insists on the myth that they have equal rights with the Republic of Cyprus. The under […]

Why do US presidential elections last so long? And 4 other things you need to know

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content On Tuesday 3 November, 2020, the US will choose whether to give Donald Trump a second term as the world’s most powerful leader – or vote for a change at the top. It […]

How the North Korea-U.S. detente is a leveling of the playing field

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Syed Munir Khasru, Chairman, Institute for Policy, Advocacy and Governance After a bleak and unfinished ending to the Hanoi summit earlier this year, Donald Trump made a historic walk on June 30 as the first sitting US president to […]

Trump after marginalizing G20 attacks Europe and China where it hurts, brandishes currency war

Last week’s G20 meeting in Osaka confirmed that the forum’s commonly shared concern about our future on the planet is definitively a thing of the past. Last week, the cacophony at the table of the 20 heads of the largest countries of the world – which first appeared last December in Buenos Aires – became […]

This is how much the US-China trade war could cost the world, according to new research

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Formative Content The US-China trade war does not appear to be edging closer to a resolution. Both sides have failed to find a compromise so far, while rising tariffs have been jolting financial markets. And as the […]

3 unexpected consequences of the US-China trade war

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Senior Writer, Formative Content Almost 10,000 kilometres separate the winemakers in California’s Napa Valley and consumers in Beijing. Even so, they’re both affected by the trade war between the two largest economies in the world. The stand-off […]

Trump blocks US warmongers from bombing Iran

Last week the American military-industrial complex (MIC) was ‘cocked & loaded’ to attack key targets in Iran, after Tehran downed a US military unmanned spy drone. Of course, the two sides clash over the exact position of the drone’s hit. However, the Iranians should have avoided hitting an American war machine outside of their air […]

A quarter of Americans have no retirement savings

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Formative Content A quarter of non-retired adult Americans have no retirement savings or pension at all. Only 36% think their savings are on track. While financial preparedness increases with age, a new report from the US Federal Reserve […]

Who is to pay for Trump’s trade war against China?

The US President Donald Trump and the big American tech companies have raised the stakes this week in the ongoing Pacific war. Japanese and South Korean tech giants have also joined the Americans in black listing Huawei and other Chinese companies in an all out war against China. As expected, Japan supports the US policy […]

Where America’s refugees came from in 2018

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rosamond Hutt, Senior Writer, Formative Content Historically, the United States has resettled more refugees than any other country. Since the creation of the United States Refugee Admissions Program (USRAP) in 1980, it has taken in 3 million of the […]

China rare earth prices soar on their potential role in trade war

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Tom Daly, Reporter, Reuters & Shivani Singh, Reporter, Reuters Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponize its supply-dominance of the prized minerals […]

Trump in London poisons UK and Europe

The unbelievable American President, while on a full state visit to Britain, didn’t hesitate to target the British crown jewel which is the country’s health system, the National Health Service. Trump plainly said he wants Britain out of the European Union, in order to open the NHS budget for the American health contractors to scavenge. […]

Who gains when the US and China fight over trade?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content China and the United States are at a trade stand-off after both countries have implemented hundreds of billions of dollars in tariffs on each other’s goods over the past year. The US is […]

Rare earths are the new battlefront in the US-China trade war. But what are they?

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 China dominates the rare earth market, responsible for around 80% of the world’s supply – something it is keenly aware of. As the trade war between the US and China rolls on, rare […]

The US will impose tariffs on Mexico, says President Trump

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Steve Holland, Reuters & Frank Jack Daniel, Reporter, Reuters U.S. President Donald Trump, responding to a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at […]

Trump’s America divides the world, bullies China and Europe

The American administration in concerted action at the end of last week told everybody, how they want the world to function, singling out foes and friends. Leading members of the Trump executives attacked China, Germany and the EU. Washington, probably, senses that those global entities are able to withstand and effectively counter the wider American […]

Climate change is destroying a barrier that protects the US from hurricanes

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 The US East Coast could soon be pounded by more intense and destructive hurricanes than ever before. The cause: greenhouse gases, which researchers say are disrupting patterns of air circulation known as wind […]

More than 30 years of US trade with China, in one chart

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Formative Content The ongoing US-China trade dispute has put into sharp focus one of the world’s most consequential trade relationships – and the impact any disruption can have on the global economy. The relationship itself […]

Why Trump’s tariffs are good news for US garlic farmers

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Unlike millions of other U.S. farmers, garlic growers are profiting from the trade war with China and have cheered President Donald Trump’s latest economic attack accordingly. Sales of California-grown garlic are now increasing after decades of losing ground to […]

EU elections 2019: Trump’s share in the support of populism

It was last Monday when the US President Donald Trump met the Hungarian Prime Minister Viktor Orbán at the White House. Both leaders had the beautiful chance to praise each other at a gathering which lasted less than an hour. Only a few days ahead of the EU elections, the US President clearly shows his […]

Trump wants to implicate China in US attacks against global order

Global trade prospects and order is in the hands of a New York bankrupt realtor who is addicted to risk. He doesn’t care if his moves in the trade negotiations harm his own country, as long as the spectators applaud. On Thursday 9 May the American President Donald Trump didn’t hesitate to hike import tariffs […]

The world condemned by neo-liberals to feed trillions to banks: the New Deal exorcised

One after the other, all the major central banks of the world follow the regrettable example of the Fed and the ECB in reversing their efforts to contain the greed of the financial mammoths. The American central bank, the Fed, and the European Central Bank will continue feeding the giant financial conglomerates with $4.5 trillion […]

The EU’s trading partners: US, China and the rest

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Formative Content One-third of all EU trade last year was with the US and China. Combined, EU countries conducted €674 bn ($750 bn) worth of trade with the US in 2018. Import and export deals with China […]

US-EU trade negotiations: pointless tariffs against real economic growth

The European Council approved last Monday the European Commission’s proposals authorizing the latter to start negotiating with the US in order to eliminate industrial goods tariffs and reach an agreement on conformity assessment. Most of the member states were in favour of the commencement of the bilateral trade negotiations except for France. However, the fact […]

3 charts to help you understand the American shale boom

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content The US will drive global oil supply growth over the next five years, overtaking Russia and challenging Saudi Arabia as the world’s leading oil producer according to the International Energy Agency’s 2019 oil […]

In the United States, there aren’t enough hours in the week to make rent

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Letzing, Digital Editor, Knowledge Networks and Analysis, World Economic Forum & Andrew Berkley, Data Science and Analysis Specialist, Strategic Intelligence, World Economic Forum The mayor of Brisbane, a small city squeezed between San Francisco and Silicon Valley, shares […]

How the United States is falling in love with secondhand clothes

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sebastian Ko, Co-founder/COO, DHB Global One person’s trash can be another’s treasure, as the saying goes. And now one of the fashion industry’s fastest-growing sectors is helping prove that point. The secondhand clothes market in the United States has […]

The financial world upside-down: debt failure closer

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 […]

EU Copyright Directive: Will US tech giants comply or ditch the EU market?

The Members of the European Parliament (MEPs) approved yesterday the new Copyright Directive by 348 votes in favour, 274 against and 36 abstentions. Should the member states accept this vote, the reforms will be effective immediately and EU countries will have two years to implement them. The copyright changes will affect mainly big online platforms […]

In polarized America, a new divide looms

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 If you’re concerned that the times we live in feel increasingly polarized, what follows might not help you feel any more relaxed. There’s yet another divide threatening to cut across the United States. […]

How three US cities are using data to end homelessness

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content Homelessness is a complex issue, but one that’s possible to solve, if the success of three cities in the United States is anything to go by. Policy-makers and non-profit organizations worldwide have wrestled […]

Draghi: ECB to flood Eurozone and the world with more zero cost money; risk of drowning in cash

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 […]

Traffic congestion cost the US economy nearly $87 billion in 2018

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 Have you ever found yourself stuck in a traffic jam on the way to work? If you’re a driver, there’s every chance you have. Congestion is a blight on most major towns and […]