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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

“We need to accelerate our negotiation on the China-EU Investment Treaty”, Chinese Premier Li Keqiang highlights from the 21st EU-China summit in Brussels

The presidents of the European Commission and EU Council welcomed the Chinese Premier Li Keqiang yesterday at the 21st EU-China summit in Brussels where the two sides acknowledged their Comprehensive Strategic Partnership. EU and China agreed to a joint statement confirming their strategic intent and efforts for a more resilient cooperation in the framework of […]

The Sino-American trade conflict may be resolved soon

This newspaper for many months has been closely following the US-China trade conflict (if not at times a full trade war). The current negotiations in Washington D.C. are stuck at the same point as last summer. On August 27 our leading article said: “… Washington’s demands go beyond tariffs”. On October 18 we observed, “The […]

Fed and ECB prepare a new party for the financial sharks

At the time of trillion dollar companies and global borrowing much above the 2008 crisis levels, and after nine years of continued swelling of values in all and every western capital markets, bankers decided there cannot be turning back to normality, interest rates and debt wise. They say the thing must not be stopped from […]

Trade war or not New York bankers will have it their way

The US and China agreed to hold talks on 7-8 January in Beijing to settle their trade differences, which have already eaten into both economies and disturb the global financial universe. If they fail to agree this week, the impact will be worse. It seems things are so bad, that the US Federal Reserve Chairman […]

2019: An unpredictable, confrontational and financially ominous year

The global outlook for 2019 was already looking unpredictable and dangerously confrontational, but the firing of US Defense Secretary, the moderate retired general Jim Mattis makes it exponentially more so. During the past few months ‘America first’ President Donald Trump has dismissed all the top three reasonable American policy makers. First it was the State Department […]

Ukraine’s Poroshenko implicates NATO in his duel with Putin

Ukraine, once the breadbasket of central Europe and now the miserable wartorn offspring of the breakup of the ex USSR, keeps confirming her reputation for being a deeply divided country and society. The current governing oligarchy under President Petro Poroshenko supported by the West, having succeeded under obscure conditions the Moscow controlled administration of Viktor […]

Trump denies climate change existence while Paris Agreement is not fully supported by G20 ahead of COP24

The 24th United Nations Climate Change Conference (COP24) is going to kick off next week in Katowice, Poland but the US stance together with the latest draft communique from G20 is not promising and may weaken the fate of the Paris Agreement. Donald Trump seems to be questioning his own scientists who published a report […]

The German automotive industry under the Trump spell

Last week, the White House invited, or better summoned, the leaders of the German automotive industry to Washington D.C., in order to confer on the ‘problem’ of the missive imports of German cars in the US. The American President Donald Trump, in his belligerent line aggressively reshaping the American foreign trade policy with China and […]

4 ways the US can take the lead in the fight against human trafficking

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum.  Author: Troels Lund Poulsen, Minister for Employment, Denmark The US Senate recently endorsed the nomination of long-standing civil rights prosecutor, John Cotton Richmond, as new Ambassador-at-Large to Monitor and Combat Trafficking in Persons. This statutory post, created under 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 […]

Why are wildfires getting worse?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: John McKenna, Formative Content California is currently in the grips of its deadliest wildfire while two others rage, in what has been its worst wildfire year on record. The Camp wildfire in the north of the US state […]

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 […]

Erdogan vies to become Middle East Sultan over Khashoggi’s killing

It’s plain by now that the Turkish ‘Sultan’, President Tayyip Erdogan vies to directly implicate Saudi Crown Prince, Mohammed bin Salman bin Abdulaziz Al Saud or MbS, the actual ruler of his country in the murder of Jamal Khashoggi. The victim was for decades a very high placed systemic journalist in Riyadh, loyally serving the […]

The Khashoggi affair: A global complot staged behind closed doors

For two weeks now practically all Western governments and media are at rooftops for the barbaric murder of Jamal Khashoggi, who was killed inside the Saudi Arabia’s Consulate in Istanbul. Very few people outside the oil Kingdom and the circles of Middle East ‘experts’ knew about the man, before he was massacred by his compatriots. […]

What makes America the world’s most competitive economy?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Oliver Cann, Head of Media Content, World Economic Forum Any international economic index that finds America at the pinnacle of global success is sure to invite questions around whether such success can be attributed to the actions of […]

IPCC reports devastating climate consequences; US in denial while EU does not fully support the 2050 net zero emissions target

The Intergovernmental Panel on Climate Change (IPCC) published a report last week mentioning that limiting global warming temperature to 1.5°C is the only choice to ensure a more sustainable and equitable society compared to the 2.0°C. This assessment came out less than two months ahead of COP24 Katowice summit where all parties have to finalize […]

The new North America trade deal USMCA punishes German cars

The North America Free Trade Agreement (NAFTA) is dead. Long live the new United States, Mexico, Canada Agreement (USMCA). The three North American nations will continue trading goods of a value of at least $ 1.2 trillion yearly between them. The US President Donald Trump had termed NAFTA as the worse trade deal his country […]

Security spillovers from Trump’s trade wars: China, Germany prepare for global disorder

US President Donald Trump’s aggressive trade strategy has now gone past the economic landscape and touched security issues. There are strong signs that next month’s security meeting between US and China may be cancelled. If this is the case, the two largest economies of the earth may enter uncharted waters. Until now, they have been […]

EU confronts environmental threats as global leaders attempt to revive the global sentiment at NYC climate week

The climate week has kicked off with UN officials, businesspeople and global leaders to participate in a series of events from September 24-30 in New York. Patricia Espinosa together with UN Environment Executive Director Erik Solheim discussed yesterday about the financing of climate change measures and how infrastructure investments can be raised. The European Commission suggested […]

“America first” policy goes against EU-US partnership, say MEPs

This article is brought to you in association with the European Parliament. The US decision to quit key international deals and start a trade war harms EU-US ties; but the EU should not give up on the transatlantic bond, said MEPs on Wednesday. In a resolution on the state of EU-US relations, approved by 490 votes […]

Trump aims trade offensive solely to China, renews truce with EU

US President Donald Trump’s thundering trade salvos now seem to be concentrating exclusively against China. This week’s cannonade though didn’t remain unanswered. On Monday, the Chinese Foreign Ministry spokesman, Geng Shuang, said “China will inevitably take countermeasures to resolutely protect our legitimate rights”. On Friday 7 September, the ‘America first’ ex TV celebrity aboard ‘Air […]

Climate change update: consistent global actions urgently needed as we are running out of time

Record high temperatures and extreme weather events across the world urge leaders to focus more on climate actions that will stop temperatures increase by more than 2 degrees Celsius above pre-industrial levels through greenhouse gas emissions reductions. The progress at the Bangkok conference last week was not consequential leaving gaps at the completion of the […]

The Brexit factor in the US-China trade war and other conflicts

Last Friday, the American President Donald Trump aboard Air Force One threatened China with new tariffs on $267 billion of goods heading for the US markets, on top of the $200bn worth of Chinese exports Washington currently is ready to punish with extra levies. The US has already imposed extra tariffs on $50bn of Chinese […]

Trump rejects Europe’s offer for zero car tariffs; he had personally tabled that idea in July

The US-Mexico trade agreement, with or without Canada on board, targets Europe aggressively. For one thing, it will make life difficult for the German car companies which produce in Mexican assembly lines and sell in the US. Last Thursday, the European Sting reported the hidden sides of the US-Mexico trade deal in an article entitled, […]

The US-Mexico trade deal a threat for others, Trump to single out China, Europe

The North American Free Trade Agreement (NAFTA) between US, Mexico and Canada is reborn. It was discarded and denounced by the American President Donald Trump since the first days of his campaign to conquer the White House, and now it returns almost undamaged, just under another name. Last Monday, after more than one year of […]