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America is Africa’s 3rd biggest trade partner

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Online since 6 days

265 words On the occasion of a reception celebrating the “long-term (10-year) renewal” of the African Growth and Opportunity Act and just after stressing the importance of reauthorizing the Export-Import Bank, the White House ...

Endangered French Agriculture’s getting angry

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309 words There are two categories of workers that the French government fears more than others. These are truck drivers and farmers. Organized, coordinated and mobile, they are able with just several thousand people ...

General excitement for Iran’s economy

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272 words There’s a fact that stands out when you analyze the reactions that followed the signature of the “historicagreement between Tehran and the P5+1 on Iran’s nuclear program. Indeed, this is not ...

For China’s financial markets, trust is everything

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254 words “The Chinese government has the capability to handle various risks in economic development and maintain healthy growth in the Chinese economy,” said Chinese Premier Li Keqiang while meeting World Bank (WB) President ...

Why is Grexit still possible despite agreement?

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269 words The signature of the agreement between Greek Prime Minister Alexis Tsipras and the Euro area member countries has been welcomed by the overwhelming majority of European political leaders, on the contrary to ...

After agreement with Iran, convincing others

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286 words Historic. Disastrous. Two opposing viewpoints emerged about the signature in Vienna of an agreement between the P5+1 and Tehran paving the way after a 12-year-long negotiation to a lifting of banking and ...

Are Oil prices on the track of a structural fall?

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197 words According to the latest IEA monthly report, the OPEC output hit three-year high and OECD industry inventories surged to record level. Oil prices – at $55.54 OPEC daily basket price on July ...

Does the NSA want to finish Europe off?

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Online since 3 weeks

297 words This title is voluntarily a bit provocative. The US National Security Agency (NSA) has not specifically the purpose of “finishing Europe off”. The agency is in charge of Signals Intelligence (SIGINT) in ...

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“A tool such as sanctions should no longer be a part of international economic relations, or international relations in general. It should not be used in the global economy,” said Russian President Vladimir Putin following the BRICS and SCO summits.

The Iranian nuclear issue was tackled during a meeting of Russia’s Security Council. “The participants noted again that the leading role and constructive position taken by the United States played a big part in making it possible to finalize the agreements” between Iran and the P5+1, read a communiqué.

“There is no better friend to the state of Israel that the US. Israel’s security and military edge are a top priority to America, our military and for me. Make no mistake the Iran deal changes nothing for the DOD. Our pledge to defend Israel is rock solid,” said US Defense Secretary Ash Carter in Israel.

Hackers – allegedly The Impact Team – have threatened to expose private data from 37 million cheating spouses and customers of the website Ashley Madison. Hacked data would include name, credit card information, photographs and messages.

The IMF needed to look a bit more like the USG. The IMF named as its new chief economist Maurice Obstfeld, an academic and White House economic adviser known for his work on money flows and international finance.

Press articles published in recent days are confirming the assessment Cyceon has made for months. Debtcorporate debt particularly – would be threatening to derail China’s economy. While it is uncertain Beijing successfully halted its stock markets’ crash, the $16.1 trillion worth debt is a much greater issue.

Online retailer eBay and payment company PayPal are splitting their operations into two individual companies, having traded together since eBay bought PayPal in 2002. PayPal will continue to be used as eBay’s main payment provider.

Yahoo announced final step to spin off the company’s remaining holdings in Alibaba Group Holding Limited into a newly formed independent, publicly traded, registered investment company. The name selected for the new public company is Aabaco Holdings, Inc.

The foreclosure crisis in the US is dying a very slow death, wrote USA Today. However the good news is foreclosure starts (a first notice of loan default or notice that a lawsuit has been filed regarding the ownership of a property) are at a 10-year low.

The Asian Development Bank (ADB) has cut its 2015 growth forecast for Developing Asia to 6.1% from 6.3%, amidst slower-than-expected economic activity in the United States (US) and the People’s Republic of China (PRC), according to a new report.

While lower oil prices can mean significant losses in revenue for some oil exporting countries, consumers should be paying less for fuel and have more money to spend. IMF’s Aasim Husain said in a podcast the higher spending will be good for global growth.

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