“China will strive to enhance the performance of economic growth”, President Xi highlights from the World Economic Forum 2017 in Davos

President Xi Jinping at World Economic Forum 2017 in Davos. Copyright by World Economic Forum / Destination: Davos Klosters.

The first day of the World Economic Forum (WEF) began with the opening plenary with Xi Jinping yesterday, President of the People’s Republic of China, monopolizing the interest of the global economic status quo convening these days at the Swiss Alps. This was the first time ever a Chinese President accepts the Davos invite and naturally all the […]

COP22 addresses a strong global pledge to effectively implement the Paris Agreement

COP22, Marrakesh, 07/11-12/11/2016
Salaheddine Mezouar, President of the COP22
Date: 08/11/2016   Location: Marrakesh
© European Union , 2016 / Photo: Mohammed Kamal

Last Friday, more than 190 countries gathered at the United Nations Climate Change Conference (COP22) and jointly pledged through an Action Proclamation to implement the Paris Agreement showing a sense of global unity on climate change. The Proclamation was a clear call for more political commitment in order to fight climate change and prevent its […]

The COP22 is under full deployment while Donald Trump threatens openly to withdraw the US from the Paris agreement

Miguel Arias Cañete, in the center, during the conference "Joint Solutions for a Sustainable Planet" as part of EU Energy Day.
Date: 14/11/2016   Location: Marrakesh
© European Union , 2016 / Photo: Ouarrak Abdessaliaa

The 22nd Conference of the Parties to the United Nations Framework Convention on Climate Change (COP22) which is taking place at the Moroccan city of Marrakech is already at its second week with the final meetings to be held under the fear that the newly elected U.S. government will step back from the Paris Agreement. It is […]

Trump’s blasting win causes uncertainty and turbulence to the global financial markets

Van Rompuy meets top US CEO’s at NY stock exchange.
Location: New York, United States 
Date: 23/09/2011
© European Union
Source: EC – Audiovisual Service

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 […]

Will CETA be implemented after eight long years or it will be vetoed by the EU citizen?

From left to right: Mr Jean-Claude JUNCKER, President of the European Commission; Mr Justin TRUDEAU, Canadian Prime Minister; Mr Donald TUSK, President of the European Council; Mr Robert FICO, Slovak Prime Minister.
Location: Brussels - BELGIUM 
Date: 30/10/2016 
Copyright: European Union 
Source: EC – Audiovisual Service

It was last Sunday when the EU and Canada signed the free trade agreement CETA (Comprehensive Economic and Trade Agreement), despite the protest taking place just outside the European Council’s building. This deal is meant to create more jobs and growth through stronger economic relations. However, the approval of the national parliaments in Europe and […]

VW emissions scandal: EU unable to protect its consumers against large multinationals

Volkswagen_logo

  European governments and officials seem incompetent to protect on the one hand their car consumers and on the other the environment, despite the crucial role Europe played in the climate change agreement that was signed last December in Paris. VW’s diesel emissions scandal has revealed so far that the multinational framework in Europe is much more beneficial for […]

Turkey to let EU alone struggle with the migrant crisis while enhancing its economic ties with Russia instead?

Handshake between Ömer Çelik, on the left, and Federica Mogherini
Date: 30/06/2016. Location: Brussels - EC/Berlaymont. Source: EC - Audiovisual Service. © European Union, 2016. Photo: Georges Boulougouris

The Turkish President Recep Tayyip Erdogan met the Russian President Vladimir Putin yesterday in St. Petersburg to improve their relationships after the sanctions that Russia imposed on tourism and Turkish exports due to the deadly air fighter incident that took place last November, when Turkey took down a Russian fighter. Turkey’s approach towards a revival of a […]

2016 crisis update: the year of the Red Fire Monkey burns the world’s markets down

STOXX Europe 600 Index record low: 10 January -09 February 2016

The Chinese New Year began two days ago and has brought already significant turbulences and volatilities to the global financial markets and economies. Luckily for the world’s second largest economy, Chinese stock markets are closed due to New Year’s festivities and haven’t experienced, at least yet, the losses of the European, U.S. and Japanese markets. This […]

COP21 Paris agreement: a non legally-binding climate pact won’t stop effectively global warming while EU’s Cañete throws hardest part to next Commission

Paris COP21 Agreement UN 12 December

Last Saturday the COP21 Paris agreement was unanimously signed by 195 countries in Le Bourget, France. Everyone voted in favor of the new attempt to reverse the downhill of our planet regarding temperature rise and agreed to take all the necessary actions to cut all fossil fuels subsidies by the end of this century. This is seen by […]

Is continuous sanctioning the way to resolve the Ukrainian crisis?

Vladimir Putin, Herman van Rompuy and José Manuel Barroso (in the foreground, from right to left) at EU-Russia Summit (28/01/2014, EC Audiovisual Services)

The E.U. together with the U.S. decided to impose harsher economic sanctions against Russia last Wednesday. This action was expected since Russia continued to further scale its violent military intervention in eastern Ukraine despite the warnings that were given by the U.S. and E.U. U.S. sanctions focus on financial and energy sectors The U.S. are taking advantage of what is […]