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 […]

What’s behind South Korea’s elderly crime wave?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rosamond Hutt, Formative Content Elderly crime is on the rise in South Korea. The number of crimes committed by senior citizens increased by 45% in the past five years, according to police and government statistics reported by the South […]

Every year, South Korea comes to a standstill for an exam marathon

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Authors: Kate Whiting, Senior Writer, Formative Content Silence. No hammering from construction sites. No planes taking off. Even the banks stay shut on the most important day of the year for South Korea’s students. But crowds cheered and beat […]

How energy infrastructure is shaping geopolitics in East Asia

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Miyeon Oh, Director and Senior Fellow of the Asia Security Initiative, Scowcroft Center for Strategy and Security, Atlantic Council Large-scale, cross-border energy infrastructure connects states in long-term relationships. A choice of a pipeline route or a decision about […]

What lies ahead for the Korean Peninsula?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Ruediger Frank, Department Head and Professor of East Asian Economy and Society, University of Vienna In 2017, the Korean Peninsula seemed to be on the brink of war. The risk of disastrous human and economic consequences was high, […]

Trump doesn’t only target Germany, aims to crack the entire EU

The EU-US trade war is now deeply dividing Europe between those who export cars to America and those who don’t. Germany and France have for quite some time been at odds, regarding the handling of the latest Donald Trump threat to impose import super-tariffs on cars assembled in Europe. Now, however, their differences are becoming […]

Britain aligns with EU rivaling US on trade and Iran, abandons bilateral ‘Midsummer Night’s Dream’

Last Sunday 29 April, Britain determinedly joined the other two major European Union powers, Germany and France in cautioning the US not to activate its super levies of 25% and 10% on imports of steel and aluminum respectively. Donald Trump, the president of ‘America first’, on 23 March had announced the imposition of the above […]

ECB to people: Not responsible if you lose money on Bitcoin, your governments are

Last Tuesday, 13 February Mario Draghi, the President of the European Central Bank in the most solemn terms said regulating or even banning Bitcoin “it’s not the ECB’s responsibility to do that”. However, he didn’t refrain from eagerly pointing out the very risky and misty nature of the digital ‘monies’. So, when asked again if […]

Will Qualcomm avoid Broadcom’s hostile takeover post the 1 bn euro EU antitrust fine?

The EU antitrust fine to Qualcomm comes as the latter attempts to avoid the 105 billion dollar hostile takeover by competitor Broadcom which keeps on biding higher and higher. Qualcomm seems to be in serious pressure as several fines have been imposed on the company for market dominance abuse and there are plenty of cases […]

Trump: Hostile to Europe, voids Tillerson’s “ironclad” ally pledge

At the end of last week, Rex Tillerson, the US State Department Secretary was intentionally undermined by President Donald Trump. This surprise move from the White House came only hours after the former gave an “’ironclad’ promise of U.S. support to its oldest allies in Europe”. To undercut this pledge, the White House leaked information […]

Trump ‘used’ G20 to side with Putin and split climate and trade packs

While protesters were dynamically trying to reach the part of Hamburg where the G20 leaders of the largest economies of the world were gathered, the most powerful politicians of the globe were reduced to the status of viewers, in the Donald Trump and Vladimir Putin spectacle of rapprochement. Trump also ‘used’ the G20 to tell […]

Elections in Britain may reserve a surprise for May’s Tories

The easy ride for the 8 June election in Britain that Prime Minister Theresa May planned for the Tories seems to be turning sour. When same weeks ago she negatively surprised everybody in Europe by announcing early elections, public opinion polls allocated to her conservative party double ratings than Labour, 48% to 24% – not […]

Mario Draghi didn’t do it but Kim Jong-un did

Last Thursday, Mario Draghi, the President of the European Central Bank, was unable to move the capital and money markets with his customary monetary policy Press conference in Frankfurt am Main. On the contrary, North Korea’s leader Kim Jong-un, a global castoff, did it the next day just by pressing a button. However, it took […]

EUREKA @ European Business Summit 2014: A European patent system can help European businesses lead industrial research and innovation on a global scale

Written by Pedro Nunes, HEAD of EUREKA secretariat A patent filing is usually the very first step before the commercialisation of a new product involving any kind of innovation. It is an important step to any person wanting to develop a new technology, especially if it involves transnational collaboration.  The challenge is to find a […]

The EU Diplomacy in North Korea promotes peace or war?

It was last Friday that the seven EU embassies located in Pyongyang received a formal warning by the North Korean regime to evacuate the premises and leave the country as soon as possible. As it was explicitly stated by the world’s most obscure totalitarian regime, the local authorities could not guarantee their safety after the […]

Is South Korea set to lose from its FTA with the EU?

The recent announcement (issued at the highest level by three presidents; Barack Obama, Herman Van Rompuy, Manuel Barroso), that the European Union and the United States were ready to start negotiations, aiming at the conclusion of a far-reaching Free Trade Agreement (FTA), sounded the alarm to other EU’s major trading partners and more so in […]

An FTA between EU-US to hurt South Korea

Ten days ago, Brussels and Washington issued a joint statement signed by three Presidents, namely the US leader Barack Obama, the European Council President Herman Van Rompuy and European Commission President José Manuel Barroso. With it, the EU and the US announced their decision to conclude a bilateral Free Trade Agreement (FTA) by the end […]

Everybody against Japan over yen’s devaluation

Yesterday, Jörg Asmussen, Member of the ECB’s Executive Board speaking in an interview to a Greek newspaper said, that the issue of the Japanese yen devaluation should be referred to the G7 and the G20 councils. He added that if each-one goes for himself with national currency competitive devaluations, the outcome will be catastrophic for […]

The developing countries keep the world going

The developing countries, led by the industrialised nations of Asia, are playing a fast growing role in the world economy and may soon overshadow the developed triangle of US-EU-Japan. Actually they have already overtaken them in key sectors. According to the UNCTAD’s Handbook of Statistics 2012 the share of emerging countries in “the most heavily […]

South Korea: A cherished partner for the EU

South Korea or the Republic of Korea (RoK) is a privileged trading partner of the European Union. The Free Trade Agreement the two sides have concluded was signed on 6 October 2010 and entered into force in July 2011. This FTA was the first one the European Union penned down with an Asian nation and the […]