In Brief – N.19 – August 16, 2015

Greece’s stock market in Athens has reopened after 5 weeks. Financial institutions will closely monitor the situation and will try to interpret if investors’ behavior translates their assessment of the deal finally reached between Tsipras government and Greece’s creditors.

Cartography is a major issue for car industry. Audi, BMW and Mercedes’ parent company Daimler have teamed up to buy HERENokia’s maps business – as the German car giants face growing challenges from technology groups.

For the second consecutive year, the number of people who pay taxes in France has decreased, wrote Valeurs Actuelles. “Whereas in 2013, 52% of taxpayers were taxable, they’re now just 46.5% this year. In all, 10% of taxpayers pay 70% of all taxes collected in France.”

According to the Nebraska Radio Network which interviewed Patrick DeHaan, a senior petroleum analyst with GasBuddy.com, oil prices are expected to tumble again. DeHaan spoke about Iran possibly increasing oil production and exports and China’s economic slowdown as the two main reasons for the drop.

US President Barack Obama delivered to American University a milestone speech on the Nuclear Deal with Iran, drawing a parallel between Republicans’ opposition to the Deal with Iran today with their support to Operation Iraqi Freedom that was launched in 2003 on flawed information.

The strong dollar is tamping down demand for American-made goods overseas while giving foreign manufacturers an edge in the US, wrote the Wall Street Journal (WSJ), as US trade gap expanded 7% in June 2015.

Civilian casualties are rising in Yemen where US-backed Saudi-led coalition and Yemeni government forces are said to be progressively retaking ground against Iran-backed Houthis. Less humanitarian aid is reaching civilian population at high risk of both war fighting and hunger.

WWIII will take place between the United States and China. This is the scenario introduced by a new novel titled Ghost Fleet and written by P.W. Singer and August Cole. If this war might have already started in the cyberspace, today’s financial interdependences make it very unlikely for now.

The European Commission (EC) has approved 23 multiannual national programs under the Asylum, Migration and Integration Fund (AMIF) and the Internal Security Fund (ISF). €2.4 billion will flow to frontline Member States dealing with high migratory flows.

Maldivian President Abdulla Yameen has assured India’s Prime Minister Narendra Modi that no country can set up a military base in Maldives and that it will be a demilitarized Indian Ocean,” official sources said.

“The return on investment of a college degree is still worth it. On average, people with four-year degrees earn over half a million dollars more over their careers than people with high school degrees,” wrote Hillary Clinton who introduced her $350 billion New College Compact.

Naval training exercises could be taking place shortly between Iran and Russia in the Caspian Sea. According to the Fars news agency, two Russian warships, Volgodonsk and Makhachkala docked in Anzali Port on August 9, 2015.

Cyceon warned about it as soon as February 2015. The People’s Bank of China allowed the Yuan to depreciate by nearly 2% against the U.S. dollar – the largest move in two decades – on August 11, 2015, the result of a surprise policy change that roiled international currency markets, wrote CNN Money.