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 […]