Lebanon’s Central Bank has the foreign-currency reserves it needs to keep the pound stable against the U.S. dollar at its pegged rate for the foreseeable future, the Central Bank governor said . Riad Salameh also told Reuters in an interview that since June the Central Bank has been engaged in ... Read More »
Climate change is a threat to rich and poor alike
From Miami and Puerto Rico to Barbuda and Havana, the devastation of this year’s hurricane season across Latin America and the Caribbean serves as a reminder that the impacts of climate change know no borders. In recent weeks, Category 5 hurricanes have brought normal life to a standstill for millions ... Read More »
The Nobel in economics rewards a pioneer of “nudges”
Richard Thaler becomes one of very few behavioural economists to receive the discipline’s highest honour NOT long ago, the starting assumption of any economic theory was that humans are rational actors who maximise their utility. Economists summarily dismissed anyone insisting otherwise. But over the past few decades, behavioural ... Read More »
EU ‘wants €50bn from UK’ as part of Brexit negotiations, according to senior diplomats
EU officials are pushing for clarification on the rights of their citizens as well as the monetary deal The Independent Fiona Keating 25 September, 2017 Europe is set to seek a €50bn (£44bn) divorce bill to break the stalemate as Britain haggles over a deal to leave the European Union, according to ... Read More »
MENA economies prepare for global economic shift: Experts
Arab News BAKER ATYANI 18 September, 2017 MANAMA: The US posture toward the Middle East and North Africa (MENA), as well as global institutions, is negatively impacting business and regional growth, according to experts at the second International Institute for Strategic Studies (IISS) Bahrain Bay Forum 2017. A panel, including ... Read More »
UK plans treaty to remain inside Europol after Brexit
Amber Rudd proposes new UK-EU security treaty that is not conditional on success of Brexit talks The Guardian Alan Travis 18 September, 2017 Proposals for a new UK-EU security treaty to “lock in” membership of Europol, the European arrest warrant and other existing joint measures to combat crime and terrorism ... Read More »
UK signs deal with Qatar for 24 Typhoon jets in boost for BAE
The Telegraph James Titcomb 17 September 2017 BAE Systems will supply 24 Typhoon fighter jets to Qatar, preserving thousands of British manufacturing jobs in the biggest export deal for the Typhoon project in a decade. Defence secretary Michael Fallon signed a statement of intent with his Qatari counterpart Khalid bin ... Read More »
‘There’s no way out’ US heading for total currency COLLAPSE 10 years after financial crash
THE US is heading for a dollar disaster 10 years after the financial crash – which might end its economic domination of the world. Daily Star Tom Towers 15 September, 2017 Tomorrow marks the 10th anniversary of the 2007 disaster, when wages froze, house prices tumbled and cost of living ... Read More »
Fears next financial crash has ALREADY started – and will be WORSE than 2007 disaster
BRITAIN may already be on the brink of financial disaster and nobody knows it, it has been warned. Daily Star Tom Towers 13 September, 2017 Tomorrow marks the 10th anniversary of the 2007 crash, which saw wage freezes, falling house prices and a higher cost of living with millions still ... Read More »
Third of Earth’s soil is acutely degraded due to agriculture
Fertile soil is being lost at rate of 24bn tonnes a year through intensive farming as demand for food increases, says UN-backed study The Guardian Jonathan Watts 12 September, 2017 A third of the planet’s land is severely degraded and fertile soil is being lost at the rate of 24bn ... Read More »