The World Trade Organization (WTO) has published its 2022 edition of the World Trade Report, which pushes for more globalization and a shift away from fossil-fuel vehicles as part of its fight against climate change. One of the messages of the report is that trade is a force multiplier as countries adapt and adjust to…
WTO Wants More Globalization and Asks How to ‘Redesign Global Financial Architecture’ in Name of Climate Change
November 7, 2022
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Business & Marketsclimate changeclimate change agendaCO2 emissionseconomyglobalizationInternationalwarming periodsWorldWorld Trade Organization (WTO)
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Europe Blames Washington of WTO Violation Following Incentives on Green Energy
November 7, 2022
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Business & Marketseconomic policieseconomyenergyEuropegreen energyinflationInternationalPolicies & ImpactsUSWashingtonWorldWTO
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The European Union (EU) has sent its first formal response against the U.S. Inflation Reduction Act (IRA) due to the billions of dollars worth of tax credits and subsidies set aside for local manufacturers. The IRA provides $369 billion in funds to climate and green energy policies, including tax credits to electric cars made in…
Europe Blames Washington of WTO Violation Over Green Energy Incentives
November 7, 2022
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Business & Marketseconomic policieseconomyenergyEuropegreen energyinflationInternationalPolicies & ImpactsUSWashingtonWorldWTO
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The European Union (EU) has sent its first formal response against the U.S. Inflation Reduction Act (IRA) due to the billions of dollars worth of tax credits and subsidies set aside for local manufacturers. The IRA provides $369 billion in funds to climate and green energy policies, including tax credits to electric cars made in…
UK Minister Visits Taiwan to ‘Future-Proof’ British Economy
November 7, 2022
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ChinaChinese RegimeEurope-China RelationsInternationalInternational RelationsSpecial TopicsTaiwanUKWorld
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The UK’s trade policy minister Greg Hands on Monday landed in Taiwan to boost trade between the two partners, which he said would help the UK to “future-proof” the British economy. The minister called Taiwan a “vital [trade] partner” for the UK as the former EU country tilts toward the Indo–Pacific. The UK’s Department for International Trade said…
Kremlin, White House Tight-Lipped Following Reports of ‘Secret Talks’
The Kremlin has declined to comment on a recent report in the western press that a top U.S. security official held a number of secret phone conversations with high-ranking Russian officials. “We have nothing to say about this publication,” Kremlin spokesman Dmitry Peskov told reporters on Nov. 7. One day earlier, the Wall Street Journal…
Japan Hosts Multilateral Naval Parade Amid Rising Tensions With China, North Korea, Russia
November 7, 2022
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Asia & PacificInternationalInternational Fleet ReviewJapanPrime Minister Fumio KishidaSouth KoreaUSWorld
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Japan’s prime minister vowed on Sunday to bolster Japan’s defenses alongside the U.S. and its allies as the country hosted another international fleet review to mark the birth of its Naval forces. The review was held in Sagami Bay near Tokyo with the participation of 18 vessels from 12 nations, including the United States, South…
Popularity of Ardern’s Labour Party Plummets According to New Poll
The New Zealand Labour Party’s popularity has fallen to the lowest level since it came into government, according to a new Newshub-Reid research poll. Labour dropped 5.9 percentage points to 32.3 percent, while its opposition, the National party, had edged up 0.2 points to 40 percent. For the minor parties, the right-leaning ACT hit 10…
Medibank Refuses To Pay Hackers Ransom
Australia’s largest health insurer Medibank has announced it will not give in to a cyber hackers ransom demands after at least 9.7 million of its customers had data, including full names, birth dates, phone numbers, medicare numbers, and addresses, accessed in a cyberattack in October. “Based on the extensive advice we have received from cybercrime…
Recklessly Charging Towards Renewable Energy Could Be Detrimental
November 6, 2022
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anthony albaneseAustraliaBusiness & MarketsChris BowenCOP27energyfossil fuelInternationalNuclearOpinionRenewable EnergyViewpointsWorld
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Commentary Australia Energy Minister Chris Bowen left the country on the weekend to attend COP27 at the luxurious location of Sharm-el-Sheik on the Red Sea, Egypt. Leaving aside the huge carbon emissions just for getting himself there, one would have thought that presiding over the steepest rise in energy prices since records began should be…
Midterms Will Set the ‘Zeitgeist’ for the Rest of the World
Commentary American power is such that no matter where in the world one lives, elections are keenly watched. While only U.S. citizens get to vote, non-Americans still have a team they barrack for. The reason for this type of behaviour is because of the major political, cultural, and social influence the United States has on…
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