A paradigm shift is sweeping through Europe as former empires now turn to their ex-colonies for bailouts; inverting the dynamics between master and colony for the first time in history
For centuries, Europeans were the masters of countries in Africa, Asia and the Americas. Countries including Great Britain, Spain, Portugal and France all played their part in colonialism. They split the continent at their whim and exploited copious resou...
The US is a working contradiction. It currently boasts one of the most productive workforces in the world but in terms of job creation it has the lowest rate out of all the G7 nations. Barack Obama’s planned American Jobs Act has a lot of pressure on it to reform the employment system
Few Americans would pay any attention to such dry data as the monthly statistics for total nonfarm payroll employment. But one certainly does and he’s president Barack Obama. That’s because his re-election will by general agreement depend on how good ...
The anarchic nature of energy distribution has reached tipping point, with many countries across the globe deficient to the point of paralysis. Will events in Pakistan, Nigeria, Yemen and Japan serve as a wake-up call to the rest of the world?
Just as millions of people will ‘do their bit’ to save energy by switching off their lights during Earth Hour 2012, (March 31, 8.30-9.30 pm local time) the harsh reality for others across the planet will be power blackouts due to energy shortages â€...
The eurozone’s debt crisis has turned into a perpetual series of bad loans from super-organisations that don’t seem to really believe the strategy of borrowing more will work. So why prevent the inevitable?
When you have a fire raging out of control it seems counterintuitive to try to contain it by setting yet more fire, but fire-fighters know that removing the availability of fuel around its edges will inhibit further growth of the central inferno. Economis...
In October 2009 the US government imposed a record fine of $87.4m on BP for failing to fix hazards at its Texas City oil refinery in the wake of an explosion that killed 15 people. Following other misdemeanors at organisations such as UBS, the FSA and the US Department of Justice have stepped up inspections
There is nothing worse than a recession to show companies in the worst light possible. Not only are their balance sheets showing unhealthy returns, but regulators begin circling to uncover corporate wrongdoing. A recent survey shows that companies expect ...
The quiet signing of three long-disputed US free trade agreements as unions on edge, writes Martin Morris, but signals opportunities for a number of industries
After much political wrangling, US President Barack Obama finally signed into law in October 2011 three separate free trade agreements (FTAs) with South Korea, Colombia and Panama. A signing ceremony announced for the White House Rose Garden was later swi...
The January gathering of billionaires must find answers, writes Selwyn Parker
Every year the founder of the World Economic Forum, Klaus Schwab, draws up a highly intellectual agenda to focus the minds of the heads of state, Fortune 500 chief executives, billionaires and heads of charities who attend its annual meeting in Davos, hig...
Today’s risk leadership must understand that risks cannot be managed in isolation but need integrated management and measurement
The crisis that has enveloped the world for the last three or so years has resulted in dwindling margins, a lack of alternative investment strategies, and an uncertainty surrounding organisational survival. All of these have resulted in a closer scrutiny ...
Twelve years into his Bolivarian Revolution, paratrooper president Hugo Chavez is heading for a crash landing
So now Venezuela’s President Chavez wants the gold. After twelve years in power, the former paratrooper has decided to repatriate the country’s 211 tonnes of precious metal in what looks like another desperate throw of the dice for arguably South Amer...
China has begun work on an 18-month reshuffle of its top economic and regulatory policy officials as part of a leadership transition that will see President Hu Jintao and Premier Wen Jiabao hand their posts to a younger generation
Sources and analysts with ties to China’s ruling elite say the political musical chairs among ministers, cabinet officials, agency chiefs and provincial governors is underway and will run its course by early 2013. In the meantime, with officials unsu...
234.1% of GDP, pariah of debt markets, but with hopes for a healthy twelve months ahead
197.5%, hard-hit by the tsunami, and reeling from the internal corruption allegations
142.8%, possibly heading for default, and considered one of many eurozone bad boys
133.8%, deceptively, has a strong banking sector, but little more in an ailing economy
126%, hopelessly indebted banks and very little light at the end of a long and gloomy tunnel
119% of GDP, in need of reform, paying over 7% for its debt thanks to technocratic leadership
106%, to many an idyllic investment destination, a great borrower, repayer, and long term option
101%, no government for most of 2011 didn’t help a weak economy in dire need of stimulus
90%, high but it’s recovering from a long and protracted revolution and aiming high
82%, stronger countries like Germany are contaminated by the weakest. It could go on…