An economist explains how to go carbon neutral in our lifetime

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Nicholas Stern, President, Royal Economic Society & Ceri Parker, Commissioning Editor, Agenda, World Economic Forum Fear and despair are an understandable reaction to climate change. Unless we radically change the way we live, we’re on the path to a […]

What Mary Poppins teaches us about behavioural economics

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Matthew Willcox, Founding partner, The Business of Choice & Nicholas Peters, Professor of Cardiology and Head of Cardiac Electrophysiology, Imperial College London In every job that must be done There is an element of fun You find the fun […]

Wide-ranging reforms needed to ensure Italy’s economic recovery

This article is brought to you in association with OECD. Stronger, more inclusive and sustainable growth, better job opportunities and a reduction in the level of public debt in Italy require a comprehensive programme of far-reaching reforms while maintaining the important measures taken in recent years, according to a new OECD report. The latest Economic Survey […]

The countries most ready for the global energy transition

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Harsh Vijay Singh, Project Lead, System Initiative on Shaping the Future of Energy, World Economic Forum Geneva Countries around the world are upping the share of renewables in their energy mixes. The bad news is, they’re not doing it […]

OECD will follow Canadian proceedings addressing allegations of political interference in foreign bribery prosecution

This article is brought to you in association with OECD. The OECD Working Group on Bribery is concerned by recent allegations of interference in the prosecution of SNC-Lavalin that are subject to proceedings in the House of Commons Standing Committee on Justice and Human Rights. The Canadian engineering and construction group is the subject of an […]

MEPs reject making EU regional funding dependent on economic targets

This article is brought to you in association with the European Parliament. Parliament adopted simplified 2021-2027 common rules for investing in all EU regions and opposed suspension of EU regional funding dependent on national economic targets. The new rules were adopted by the full House on Wednesday with 460 votes to 170 and 47 abstentions. These […]

How trade wars pose a threat to the global economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Pamela Coke-Hamilton, Director, Division on International Trade and Commodities, United Nations Conference on Trade and Development (UNCTAD) In a year defined by retaliation and counter-retaliation, resulting in a trade impasse between the United States and China, more than half […]

We could be sleepwalking into a new crisis. How should the business world prepare?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alison Martin, Group Chief Risk Officer, Zurich Insurance Group The World Economic Forum has released its annual Global Risks Report (GRR), which in particular highlights: – We will need to find new ways of practicing globalization that respond to […]

The experience economy is booming, but it must benefit everyone

  This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.  Author: Jonathan Yaffe, Co-founder and CEO, AnyRoad & Andrew Moose, Head of Retail, Consumer Goods and Lifestyle Industries, World Economic Forum & Dana Marquardt, Community Lead – Retail, Consumer Goods & Lifestyle Industries, World Economic Forum In our overpopulated […]

4 big trends for the sharing economy in 2019

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: April Rinne, Founder and Adviser, April Worldwide In 2019, it is a mind-bending exercise to reflect on the past decade of the sharing economy. A time traveller who skipped here from 2009 would note that it has fulfilled both […]

MEPs want to fund crucial areas to stimulate European growth

This article is brought to you in association with the European Parliament. MEPs call for EU resources that match ambitions on research, environment, transport, energy, telecom, defence, space and digitalisation under the 2021-2027 EU budget. Following Parliament’s adoption of its position on the EU’s long-term budget (2021-2027 multiannual financial framework – MFF), MEPs are this week […]

How the finance industry can save the world

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Jonathan Wichmann, Co-founder, Wichmann/Schmidt For millennia, the finance industry has been a primary culprit in global warming. Now it’s time for finance to right its wrongs and provide the solution. It’s easy to read about the current and […]

Want a fairer society? This economist says he has the answer

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Emma Charlton, Writer How broken is Europe? With daily headlines about the UK leaving the bloc and rising populism in other countries, it’s easy to become disillusioned. Now, some blue-sky thinkers say they have the answer: a new […]

High internet taxes are restricting access and slowing economic growth

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Oren Pinsky, Project Coordinator, Internet for All, Latin America, World Economic Forum Geneva & Sebastian Cabello, Head, Latin America, GSMA Using the internet is expensive for most of the world’s population. Africans spend 17% of their average income […]

Growth is running out of steam. How do we prepare for the next crisis?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Guy Miller, Chief Market Strategist and Head of Macroeconomics, Zurich Insurance As the end of the year beckons and we ponder what the world will look like in 2019, the World Economic Forum’s latest report on Regional Risks […]

How banks should prepare for robots going rogue

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Elizabeth St-Onge, Partner, Financial Services, Oliver Wyman & Ege Gürdeniz, Principal, Digital, Technology, and Analytics, Oliver Wyman Banks are rolling out machine-learning applications to handle all manner of tasks once reserved for humans, from customer service to automated […]

Forget GDP – for the 21st century we need a modern growth measure

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Pushpam Kumar, Chief, Ecosystem Services Economics Unit It is critically important we monitor societal progress and design responsive policies to 21s- century challenges, such as climate change, the marginalization of more than a billion people, resource depletion and […]

What is inclusive capitalism, and why does it matter?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Miguel Milano, President, Salesforce The concept of building shareholder value has been a driving force of business since companies began to go public. Yet as businesses and governments adjust to the new realities of the Fourth Industrial Revolution, […]

With the right leadership, sustainable finance can help us shift to a low-carbon economy

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Sasja Beslik, Head, Sustainable Finance, Nordea Bank “There is no time to lose: sustainable finance is the answer.” Such a ringing endorsement for our sector is always welcome – all the more so when it appears in The […]

Draghi strives to control the unruly exploitation of financial markets by banking leviathans

During the past few weeks, financial markets sharks have been sending stock and bond prices and money parities wildly up and down, while busy securing for themselves hefty short term gains. Obviously, this is to the detriment of the real economy, where values are produced by technology and sweat. In Europe and, partly, in the […]

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 […]

Gloomy new statistics signify no end to Eurozone’s economic misery

The economic misery of the Eurozone doesn’t seem to have an end. According to a preliminary estimate by Eurostat, the EU’s statistical service, GDP growth in the 19 member state monetary zone during the second quarter of this year was as miser as ever. On top of that, inflation continues to oscillate around zero, while […]

To Brexit or not to Brexit: British exceptionalism doesn’t allow any Obama telling Brits what to do

Barack Obama visited the UK last week clearly in an attempt to boost the “Remain” campaign urging Britain to stay within the EU. This move has not yet been exactly measured as beneficial or not for David Cameron’s campaign but has certainly caused several reactions to the British voters about two months before the referendum. The […]

No recovery for EU economy in sight and a Brexit can aggravate things for everyone

The Eurozone economy doesn’t seem able to gain a sustainable growth path, despite the hundreds of billions that, lately, European Central Bank has injected into the financial system. Analysts say, though, that ECB’s intervention came too late. There is more bad news for the real economy coming from the prices front. Last week, Eurostat, the […]

Failing to see reality or deceiving the masses? The EU about poverty and social exclusion

Some six years ago the European Union set targets for an ambitious project called “The Europe 2020 Strategy”. Amongst other equally fallacious if not deceitful objectives, the leaders of the 28 EU member states undersigned the Commission’s proposal to “lift 20 million people out of poverty and social exclusion by 2020”. No need to say […]

WEF Davos 2016 LIVE: The health of capitalism won’t be the only worry for those who head for Davos

The great world fair of the super rich business people, bureaucrats, academics, journalists and powerful politicians starts tomorrow at Davos, in a tiny Alpen valley surrounded by snowy mountain tops radiating the winter sun. It’s the traditional Swiss way of doing business, by guaranteeing everybody that everything will evolve as planned and nothing will disturb […]

One more country to test the EU project: Kaczynski’s Poland

Poland, with a population of 40 million or 8% of the EU is not the land locked and Russia loving Hungary that Brussels may easily pretend doesn’t exist. The October electoral triumph of the Eurosceptic, if not anti-EU, Law and Justice party (PiS) under the extreme right wing politician Jaroslaw Kaczynski, a rampant populist, decisively […]

G20 LIVE: “International communities and leaders have great expectations for 2016 G20 summit in Hangzhou China”, Mr Wang Xiaolong, the Chinese Foreign Ministry’s special envoy stresses live from G20 in Antalya Turkey

During the second day of the G20 Leaders Summit in Antalya Turkey HE Mr Wang Xiaolong, the Chinese Foreign Ministry’s special envoy for G20 gave a press conference regarding the G20 2015 developments and upcoming G20 2016 in China. The conference took place in the hotel hosting the International Media Center and the European Sting was certainly […]

G20 LIVE: “Re-envisioning the economy to enable women to reach their full potential” live from Antalya Turkey

Gender inequality pervades G20 economies and beyond. Women carry out the vast majority of unpaid labor around the world and are vastly overrepresented in informal, insecure and vulnerable employment. They are also subject to occupational discrimination and lack access to social protection and pension systems. Women’s unemployment accounts for three quarters of the global job […]

Family incomes stagnate in the EU; people excluded from ‘moderate recovery’

The Brussels Eurocrats are trying to convince us all that the European economy, after the 2008-2010 fallout, is now on the right track towards an era of growth and financial security. However, real people out there are still waiting to taste the benefits of this impalpable improvement. Apart from the fact that Eurostat, the EU […]

Eurozone stuck in a high risk deflation area; Draghi expects further price plunge

This newspaper has been following very closely the Eurostat statistics, including inflation, which paint an accurate picture of Eurozone’s economic condition. Then, not without good reason, during the last few months or even years the European Sting didn’t share the reserved optimism of Brussels about euro area’s prospects and unfortunately Eurostat confirmed this prediction once […]

European Business Summit 2015: In search of a vision for the future

It only happens once a year in Brussels and the time is now. The European business leaders gather presently in the Belgian and EU’s capital for two days to stage the European Business Summit. It started yesterday Wednesday 6 May and is concluding today. The business leaders are taking stock of the present and plan […]

Will Eurozone be able to repay its debts? Is a bubble forming there?

This newspaper has been very reluctant in endorsing the widely accepted view that Eurozone has left behind its stagnation if not recession phase. The reason is that despite the GDP increases by a few decimal points – not more than three – of a percentage unit, inflation kept falling for more than twelve months until […]