A Qatari technical delegation held talks in Israel and the Gaza Strip this week about helping pay for a proposed new power line between them, officials on both sides said on Tuesday, marking a potential expansion of Doha’s aid efforts for Palestinians.
Qatar has in recent years funneled hundreds of millions of dollars into relief projects in Hamas-controlled Gaza, which it views as helping stave off privation and fighting with Israel.
President Donald Trump likes trade wars because he thinks they are “easy to win,” as he infamously put it, and because he thinks they will help improve the trade balance. Trump claims past American presidents have been weak, allowing other countries to take advantage of the United States in trade negotiations. As evidence, he points to the large American trade deficit.
But any economist worth her salt will tell you that the deficit doesn’t reflect what Trump thinks it does.
Instead, it simply reflects the propensity of Americans to spend more than they save and invest.
Rostin Behnam, who sits on the powerful five-member Commodity Futures Trading Commission, told the New York Times in an interview Monday that the financial risks from climate change are akin to those posed by the mortgage meltdown that caused the 2008 financial crisis.
“If climate change causes more volatile frequent and extreme weather events, you’re going to have a scenario where these large providers of financial products—mortgages, home insurance, pensions—cannot shift risk away from their portfolios,” Behnam said. “It’s abundantly clear that climate change poses financial risk to the stability of the financial system.”
France’s arms sales in 2018 were worth €9.118 billion, up 30% compared to 2017. Exports to European countries are seeing a strong increase, according to the French Ministry for Armed Forces. EURACTIV’s partner Brussels2.eu reports.
For the first time, the sale of weapons from France to Europe represents 25% of France’s total sale of weapons, which amounts to a total of €2.293 billion. This is compared to an average of around 10% in previous years.
The next European Commission must revamp its trade policy for the next five years to focus on sustainability, writes Jude Kirton-Darling.
We still have four months to go before the new European Commission is appointed, but officials at DG Trade – the institutions’ arm responsible for conducting the EU’s international trade policy – would do well to reflect on the European election results.
The European Parliament’s champions of free trade – a block comprised of the EPP, ALDE and ECR groups – has lost 15 seats and is now 29 seats short of a majority. Meanwhile, groups that are staunchly hostile to trade deals – the GUE, ENF and EFDD groups – have gained 20 seats.
This new set up could make matters difficult for the Commission if it stays on the same track.
America cannot have close security, intelligence and technology ties with Europe unless the EU cuts ties with Chinese tech giant Huawei and embraces “Western telecom industry”, the US ambassador to the European Union told EURACTIV in an exclusive interview.
Gordon Sondland also said the EU is “quite protectionist by nature” but added he expects the new European Commission, due to take office in November, to “start on a fresh page and on a new footing with the United States.”
I don’t think we’re foes any more than General Motors and Ford are foes. They’re friendly competitors, they’re each trying to gain market share – and I think so do the US and the EU. They are each trying to gain market share and currently the EU has a greater percentage of the US market share, than the US does of the European market – and we’re trying to rebalance that. It makes total sense to me.
The battle over AI technologies has already fueled a full-scale trade dispute between the US and China. And the economic powerhouses are quickly entering into a full-blown war in the artificial intelligence (AI) arena.
As a pioneer of AI, the US has always remained one step ahead of China and the rest of the world where the technology is concerned.
But will it relinquish this lead in the foreseeable future? Current trends show that’s certainly a possibility.
Australia’s Telstra has been approached by web giants and offered “exclusive deals” to partner on edge services if it restricts its role to that of connectivity provider.
The operator appears to have spurned those offers as it eyes a much bigger role in the market for edge computing, one of the main opportunities associated with the rollout of next-generation 5G mobile networks.
The revelation came at this week’s 5G World event in London and highlights the concern that Internet giants may continue their advance into telco territory with the rollout of 5G networks.