Category Archives: Economy/Finance and Startups

Greece is Committing “Financial Suicide”


By Peter Koenig  for Global Research, Original Source

Thursday late night, 18 May 2017, the Greek Parliament voted to accept another round of devastating troika (EC, IMF, ECB) conditions for an additional debt package of close to 5 billion euros. All of the 153 delegates of Alexis Tsipras’ Syriza-Anel coalition voted ‘en bloc’ for the suicide package, all 128 opposition members against. Nineteen didn’t show up. Perhaps they were too afraid to vote for the opposition. Just as a reminder, PM Tsipras, a socialist, is leading Syriza, Greece’s prominent left-wing party, that for reasons of majority decided to align with the extreme right-wing party ‘Anel’ which currently holds a mere 10 seats in Parliament.

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Oil prices rise on OPEC and Russia’s deal to cut production (en/fr)


According to Reuters, the Organization of the Petroleum Exporting Countries (OPEC) said Wednesday that it would cut production by 1.2 million barrels a day from 33.6 million barrels and said it expects producers from outside the group, including Russia, to join with additional cuts totaling 600,000 barrels a day. On Thursday, 12/1, Azerbaijan said it was also willing to engage in talks on cuts while Indonesia suspended its membership. 

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L’Arabie Saoudite réussira-t-elle son pari d’en finir avec sa dépendance à l’or noir?


Afin d’éviter qu’une crise comme celle qui se passe actuellement au Venezuela  arrive sur son sol, l’Arabie Saoudite, la plus grande puissance exportatrice de pétrole brut, planifie d’ores et déjà le changement pour lui permettre de produire 9.5 gigawatts d’énergie renouvelable en éléctricité avant 2030.Cette nouvelle a vite fait le tour des médias locaux et internationaux pendant les deux dernières semaines. Annoncé fin avril, le programme nommée « Vision saoudienne à l’horizon 2030 », vise à réduire la dépendance du royaume vis-à-vis des revenus pétroliers, dont les prix sont en chute libre. Le Royaume d’Arabie Saoudite opte pour une transition vers le solaire,l’éolien,le gaz, et développer des industries en aval, comme la pétrochimie. Continue reading L’Arabie Saoudite réussira-t-elle son pari d’en finir avec sa dépendance à l’or noir?

The Chinese yuan recognized as worldwide change currency by the IMF (INTERNATIONAL MONETARY FUND)


The yuan makes its entry to the club of the main international currency reserves by joining the unit of account of the International Monetary Fund. An ambition that China has cultivated for years. Shareholders in the International Monetary Fund voted on Monday to let the Chinese yuan (CNY) into the fund’s basket of reserve currencies. It will now be a member in the IMF’s elite club called the Special Drawing Rights (SDR).

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