Iran's oil exports have been slashed 40 percent in the past nine months because of tough Western sanctions, Oil Minister Rostam Qasemi was quoted as saying on Monday, in a reversal of his previous denials of any decline at all.
While it was certainly no secret that Germany, the EMU’s bastion of prudent finances and sound money, was no fan of the fiscally irresponsible eurozone periphery going into 2015, the extent to which Berlin’s relationship with Athens and the Greek people deteriorated over the course of six months of bailout negotiations was truly remarkable.
While politicians and policy makers may disagree about how to capitalize on the recent U.S. oil and gas boom, they do share enthusiasm for what it may bring: energy independence. But since conflict broke out between Russia and Ukraine last month, an increasingly vocal cohort in Washington has been touting another idea: energy diplomacy. The country has long been isolationist when it comes to its own energy resources — crude exports have been banned since the 70s — but some now see the opportunity to use the fruits of the boom as a new and powerful foreign policy tool.
Back in late April, I participated in panel "Europe at the Crossroads: The Euro Crisis and the Future of European Integration" (video). There're two graphs from my presentation I'd like to highlight, as they remain relevant even as the eurozone lurches into de facto recession .
Singapore is a well-run place by world standards, and has perhaps the world’s highest quality bureaucracy, yet right now the country faces a somewhat menacing constellation of silent risks, none of their own making:
KOLKATA: Apex industry body Assocham on Wednesday urged the government to extend incentives like interest subvention, merchandise exports from India scheme (MEIS) and others to promote gems and jewellery (G&J) exports that have been marred by global slowdown thereby putting at risk livelihood of over 30 lakh people employed by the sector across India.
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.Protest in Spain over high youth unemployment and a downgrade warning on Italy’s debt highlight political problems in the eurozone. FT Lex’s Edward Hadas and Vincent Boland discuss whether the lack of strong leaders (in Germany and Spain now, and soon in Italy) is pushing the sovereign debt crisis into a more dangerous phase.