Showing posts with label ServerPress. Show all posts
Showing posts with label ServerPress. Show all posts

Saturday, October 7, 2017

Spain’s constitutional court has moved to stop the Catalan government making a unilateral declaration of independence by suspending the regional parliament session in which the results of Sunday’s referendum were due to be discussed. On Thursday, the court upheld a challenge by Catalonia’s Socialist party – which opposes secession from Spain – ruling that allowing the Catalan parliament to meet on Monday and potentially declare independence would violate the rights of the party’s MPs. Catalonia's political turmoil prompting firms to consider relocating . Banks Sabadell and Caixa among first to respond amid fears about access to rest of Spain and EU if independence is declared  The court warned that any session carried out in defiance of its ban would be “null”, and added that the parliament’s leaders could face criminal action if they ignored the court order.  Carme Forcadell, president of the Catalan parliament, said Monday’s session had not yet been formally convened, but that the court’s decision to suspend it “harms freedom of expression and the right of initiative of members of this parliament and shows once more how the courts are being used to solve political problems.” The Catalan government is understood to be meeting to discuss its response to the latest move by the court. It has previously ignored the constitutional court’s rulings, not least its order to suspend the referendum itself.  In a television address on Wednesday evening, the Catalan president, Carles Puigdemont, repeated his calls for mediation and dialogue with the Spanish government, but said the results of the vote would be put before parliament. “On Sunday we had a referendum under the most difficult circumstances and set an example of who we are,” he said. “Peace and accord is part of who we are. We have to apply the results of the referendum. We have to present the results of the referendum to parliament.”

Sunday, October 1, 2017

Saturday, September 30, 2017

SPAIN - Police have sealed off more than half of the 2,315 schools in Catalonia designated as polling stations for a banned independence referendum as tensions rise ahead of the controversial ballot.  Tens of thousands of Catalans are expected to vote in the ballot, which will have no legal status as it has been blocked by Spain’s constitutional court. Madrid has sent thousands of police to the north-eastern region to stop it taking place.  A Spanish government source said 163 schools designated as voting centres had been occupied by families as images of families including children in sleeping bags have emerged. Although the polls say the independence side would not win a referendum, Catalans, watching Brexit, have seen how easy it is for polls to be wrong.  
People supporting the referendum have camped out overnight in schools in an effort to prevent an order by the head of the Catalan regional police to evacuate and close polling stations by 6am on Sunday. Voting is due to begin at 9am.  Catalan police have been instructed to empty the buildings by Sunday morning, but not to use violence to remove the people occupying schools.
The police in the region issued an ultimatum to the separatists, parents and children who are occupying schools to leave by 6am on Sunday – a deadline designed to prevent the vote from taking place, since the polls are supposed to open three hours later.  Spain’s foreign minister, Alfonso Dastis, said on Saturday the Catalan government’s plan was anti-democratic and runs “counter to the goals and ideals the European Union” is trying to advance. “What they are pushing is not democracy. It is a mockery of democracy, a travesty of democracy,” he added.

Monday, September 11, 2017

When Truls Gulowsen began campaigning in the 1990s, telling Norway it had both a moral obligation and an economic interest in phasing out the industry that has made it rich was not what might be called a vote winner.  But as Norwegians go to the polls on Monday, the future of their country’s giant oil and gas business is a major electoral issue – with parties that back curbs or even a shutdown of the industry set to play a key role in post-election coalition-building.
“The public mood has changed,” said Gulowsen, who heads Greenpeace Norway. “Something’s really happening. For the first time, our national dependency on oil, our responsibility as oil pushers to the rest of the world, are real questions.” With the ruling rightwing bloc of parties and the opposition neck and neck, smaller parties may find themselves kingmakers   “It looks like it’s going to be very, very close,” said the election analyst Svein Tore Marthinsen. “Both major parties are declining and the landscape is fragmenting – we could have nine parties in parliament, a record. The final outcome is wide open.”
Public opinion certainly is split. “I think the government’s done OK,” said Harald Bergh, 73, a retired engineer. “They’ve spent wisely, cut taxes, kept us afloat. And no one should touch the oil industry – it’s been our salvation.”

Tuesday, August 15, 2017

President Donald Trump finally condemned the “evil” of “racist violence” in Charlottesville on Monday, two days after a white supremacist rally in the Virginia town that left three people dead. After mounting criticism at his failure to speak out against white supremacist groups, Mr Trump addressed the nation from the White House and warned those behind Saturday’s riots that they will be held criminally responsible. And, after widespread cross-party anger at his initial response – in which he condemned violence “on many sides” – the president on Monday delivered a more measured response, in which he called out neo-Nazis and the Ku Klux Klan. “To anyone who acted criminally at this weekend’s racist violence, you will be held fully accountable.” He described the rally on Saturday as an “egregious display of hatred and violence” which, he said, “has no place in America.” He continued: “Racism is evil. And those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans “We are a nation founded on the premise that all are created equal. We are equal in the eyes of our creator, we are equal under the law, and we are equal under our Constitution. "Those who spread violence in the name of bigotry strike at the very core of America. ” Mr Trump paid tribute to Heather Heyer, the 32-year-old who died when James Fields rammed his car into a group of anti-hate protesters. He also commended the two Virginia state troopers killed when their helicopter crashed on Saturday. “These three fallen Americans embody the goodness and decency of our nation. “In times such as these, America has always shown its true character.”Reading from a teleprompter, the president's remarks were seen as a belated condemnation of the white supremacists who politicians across the mainstream US political spectrum held responsible for the mayhem in Charlottesville.

Sunday, July 2, 2017

Liviu Dragnea "swore", in December 2016, on the electoral program, which then became the governing program and the "Bible of the PSD": he guaranteed, in a TV Show, that he would abide by it or else he would resign. Liviu Dragnea did not abide by the electoral program.
Liviu Dragnea did not resign, instead he changed the government....Along with the government, he also replaced the "Bible of the PSD". The new proposals of the PSD, published on the night prior to the investiture, have overturned the business environment. All the companies in Romania will pay, starting with January 1st, 2018, a turnover tax instead of the profit tax, which will disappear, according to the new governing program of the PSD-ALDE coalition. Also, according to the new proposal, the minimum wage level in Romania in the coming years would be 2,000 lei in 2018, 2,200 lei in 2019 and 2,400 lei in 2020, and for those with higher education it would be 2,300 lei in 2018, 2,640 lei in 2019 and 3,000 lei in 2020. According to the governing program, the solidarity contribution will be introduced starting with January 1st, 2018, as well as an additional tax on consumer products whose consumption has a major negative impact on the health of the population.  Analysts said that the government is blowing up the economy, businesspeople were shocked. The new ministers swore on the Bible to offer all their power for the material and spiritual progress of the Romanian people.  So help them God! 

Friday, June 9, 2017

ENGLAND - The prospect of a hung Parliament would throw serious doubt over Brexit negotiations, due to begin in earnest in just 10 days.  The BBC/Sky/ITV poll put the Conservatives on 314 seats, Labour on 266, the Scottish National Party on 34, Liberal Democrats on 14, Plaid Cymru on three and Greens on one.  The EU's chief Brexit negotiator Michel Barnier has set June 19 as his favoured date for the start of talks, due to last around 14-18 months.  Protracted negotiations over the formation of a new government - or even a second general election in 2017 - could put back the start of formal talks, squeezing even further the limited time available to forge a complex withdrawal agreement and a separate deal on future trade arrangements.  Theresa May repeatedly urged voters to hand her a large majority so that she could go into talks in Brussels with the firm backing of the country and the House of Commons behind her.  She warned that if she lost just six seats, she would no longer be Prime Minister, and an unprepared Jeremy Corbyn would go "naked and alone" to the negotiating table.  Under the terms of Article 50 of the EU treaties, the two-year deadline for the UK to leave the union can be extended only with the agreement of the other 27 member states.  It is unclear whether the letter informing the European Council of Britain's intention to quit can be revoked.

Friday, June 2, 2017

Today, in Romania, all the significant transactions are calculated in Euros, even though some of them are paid in lei. And "homo economicus" is in every man; all they need is the freedom to make decisions. In the end, the entire economy can be reduced to four words: people respond to incentives! Let's remember the skill of currency dealers on the black market, I the first years of transition, when the currency exchanges were not yet fully liberalized. In order to take their profit, they would keep their dollars in packs, depending on the exchange rate they got them at. I don't think that Romanians will have "cultural shocks" if they were to only operate in Euros, given that the vegetables traders in markets watch the exchange rate to see whether or not they should raise their prices for carrots, radishes, tomatoes, cucumbers, etc. Of course, we are living on the outskirts of the East, where there is no rush. The president of the European Commission, who recently visited our country, when listening to the questions of some politicians, about how Romania didn't want a two-speed Europe, gave us an answer that is worth thinking on: the current treaties of the European Union stipulate the possibility of a 2-speed Europe and it is up to every member state on where it wants to find itself. The trends in the European Union indicate a desire of the member states in the Eurozone to move faster towards integration (there is talk of a common budget of the Eurozone and even of a parliament of the Eurozone...). Member states from outside the Eurozone can not oppose those trends.  Romania will have the presidency of the European Union, in the first half of 2019, but unfortunately, Romania's weight in the decision making process for the decisions that concern the Eurozone will be low, because we are not yet part of it. I wish that this once at least, the intention of drawing up a plan of action for the move to the Euro, as well as the switch of this plan to be taken seriously by every politician and institution of the state that are concerned. Let's not forget that Romania, when it was accepted in the European Union, made the commitment to take all the necessary steps to carry out the conditions needed for the adoption of the Euro!  (Source bursa.ro)

Tuesday, May 23, 2017

U.K. - The home secretary, Amber Rudd, who will attend this morning’s emergency Cobra meeting, has added to the tributes to emergency services:  This was a barbaric attack, deliberately targeting some of the most vulnerable in our society – young people and children out at a pop concert.   My thoughts and prayers go out to the families and victims who have been affected, and I know the whole country will share that view.  I’d like to pay tribute to the emergency services who have worked throughout the night professionally and effectively; they have done an excellent job.  Later on this morning I will be attending Cobra, chaired by the prime minister, to collect more information, to find out more, about this particular attack, and I can’t comment any more on that at the moment.  The public should remain alert but not alarmed. If they have anything to report, they should approach the police.  But I have two further things to add. The great city of Manchester has been affected by terrorism before. Its spirit was not bowed; its community continued.  This time it has been a particular attack on the most vulnerable in our society. Its intention was to sow fear; its intention is to divide. But it will not succeed.

Sunday, May 21, 2017

German industrialists have warned that British hopes of their support in Brexit negotiations are misplaced and could backfire with dangerous consequences for international trade. Business leaders in Europe’s biggest economy are instead calling on Conservatives to rethink their commitment to leaving the single market, even though the party has doubled down on this promise in its election manifesto.  David Davis and Boris Johnson have repeatedly cited likely pressure from German exporters, such as carmakers, as a reason for thinking they can persuade European negotiators to maintain free trade access after Britain leaves. But the theory is increasingly rejected by those whose support they need most – scepticism relayed most forcefully by Steffen Kampeter, the chief executive of the German employers’ federation, on a trip to the UK this week. “The top priority of European business is the integrity of the single market; the second priority is making good business with the UK. We will see if there is a conflict, but the message is: do not harm the single market by cherry-picking deals,” he told a conference of British business leaders in London this week. “It’s not the German carmakers that are directing the negotiations,” added Kampeter, who said he knew of no one who thought a trade deal within 18 months was possible and called for “rhetorical disarmament on all sides”.

Thursday, May 18, 2017

Emmanuel Macron is the fourth French president to have been in office during Angela Merkel’s 12-year tenure as German chancellor, and so it was with a faintly indulgent smile that she greeted the Europe Union’s new young pretender as he arrived in Berlin on Monday.  The mismatch in experience was so apparently obvious that Mrs Merkel felt it necessary to say in advance that she would not behave like a “know-it-all” to the new occupant of the Elysee, but would listen carefully to his vision for France.  Such protestations of modesty on Mrs Merkel's part are to be expected, but they cannot conceal the reality that if France wants to rekindle its post-war partnership with Germany, it needs to demonstrate it is committed to reforms.

Wednesday, May 17, 2017

Britain’s ambition to sign a quick Free Trade Agreement with the European Union after Brexit has received a significant boost after a landmark ruling by the European Court of Justice handed expanded trade negotiation powers to Brussels.
The much-anticipated decision from the court in Luxembourg surprised experts by ruling that on key areas - including financial services and transport - the European Union does not need to seek ratification of a trade deal by the EU’s 38 national and local parliaments. Trade experts said the ECJ ruling could substantially reduce the risk of any future EU-UK free trade agreement getting bogged down in the EU national parliaments, opening the way for an FTA to be agreed by a qualified majority vote of EU member states.

Sunday, May 14, 2017

The chief executive of Goldman Sachs has warned that London’s financial centre will “stall” due to the turmoil of the Brexit process.  Lloyd Blankfein, who runs the world’s second-largest investment bank, said a three-decade expansion that has turned London’s financial services sector into a world leader could grind to a halt.  “It will stall, it might backtrack a bit, it just depends on a lot of things about which we are uncertain, and I know there isn’t certainty at the moment,” Blankfein said in an interview with the BBC. “I don’t think it will totally reverse.” Blankfein also said there would need to be an implementation period of at least a “couple of years” after the Brexit deal had been agreed in early 2019 to allow companies to adjust. “We are talking about the long-term stability of huge economies with hundreds of millions of people and livelihoods at stake, and huge gross domestic product,” he said. “So, if it takes a little while, I’d rather get it right than do things quickly.”   If not enough time were factored in, banks such as Goldman would have to act “prematurely” and possibly move some of their operations and jobs.

Saturday, May 13, 2017

In a number of recent analyses, Patrick Artus, chief economist of investment bank Natixis, writes that France has all the premises for a high degree of unemployment, which includes high social security contributions, high employee protections, the low degree of workforce skills and the chronic budget deficit. "France's economic and social situation since the crisis that began in 2008, characterized through de-industrialization, high unemployment among youth, the low quality of new jobs and the erosion of purchasing power has led to the results of the current elections", Artus further writes, who expresses his skepticism over the ability to resolve these problems, regardless of who the new president will be.  For the chief-economist of Natixis, "this perverse economic model has reached its limits and the structural adjustments have to begin". It is hard to believe, however, that Macron will be the "savior", when "his platform is typical for a bureaucrat, who offers a little something to everyone", according to Martin Armstrong.    On the contrary, "a victory of Macron would sentence the EU to a complete collapse and a hard landing in 2018", is the verdict of the American analyst, because "Brussels will celebrate the end of populism and will continue down the same path, without reforms". The cynicism of another American, Bill Bonner, the author of the books "Empire of Debt" and "Mobs, Messiahs, and Markets" and former French resident in France for 18 years, is heading towards an aspect that more is closer to the daily concerns of the French. "It is not a matter of whether the voters will be robbed or not, the question is by whom", Bonner writes.

Monday, March 20, 2017

President Trump on Saturday defended the success of his first face-to-face meeting with German Chancellor Angela Merkel, dismissing a barrage of critical news accounts that describe it as “awkward.”  “Despite what you have heard from the FAKE NEWS, I had a GREAT meeting with German Chancellor Angela Merkel,” Mr. Trump said Saturday morning via his personal Twitter account.  News reports of the the meeting and a joint press conference Friday at the White House were dominated by descriptions of “awkward” moments between the two leaders, including the president’s quip that he and Ms. Merkel had “something in common” in being wiretapped by U.S. spies.  Mr. Trump was referring to revelation in 2013 that President Obama authorized National Security Agency eavesdropping on her and his claim that Mr. Obama did the same to him during the 2016 presidential campaign.  National Public Radio declared the meeting “The Axis of Awkward.”  U.S. News and World Report dubbed it “Trump’s Awkward Merkel Summit.”

Sunday, March 19, 2017

The extraordinary public rebuke by the United States’ closest surveillance partner has revealed an emerging characteristic of Donald Trump’s White House: a willingness to antagonize even its allies instead of admitting error.  GCHQ, the UK surveillanceance mammoth intimately linked to the National Security Agency (NSA), has taken public exception to an allegation repeated from the White House podium that, if true, would probably shatter the Five Eyes intelligence alliance so dear to both Washington and London.  Sean Spicer, the White House press secretary, credulously repeated on Thursday an account by a Fox News pundit, Andrew Napolitano, that GCHQ laundered surveillance on Trump at the behest of Barack Obama. Napolitano, who is in no position to actually know, made the allegation apparently to explain away the emerging consensus, even from senior Republicans on the intelligence committees, that there is no basis to Trump’s claim that Obama ordered that surveillance.  GCHQ practically never responds to stories about its operations. But the implications of this one are severe. There would be no way for the NSA and GCHQ, which are joined at the hip, to continue their partnership if GCHQ was willing to interfere in the US political process.  On Friday, 10 Downing Street said it had received assurances from the White House that it will not repeat the allegation, which suggests that the White House did not realize the implications of what it said. The context matters here. Spicer repeated Napolitano’s allegation for the same reason Napolitano made it: to defend Trump’s evidence-free assertion, on 4 March, that Obama had Trump’s team placed under surveillance.

Thursday, March 16, 2017

The Fed’s chair, Janet Yellen, said a wide range of indicators showed the US economy was in rude health, allowing its interest rate setting committee to push rates back towards historically normal levels. Policymakers voted nine to one to raise rates.
Speaking after the decision, Yellen said she had met Donald Trump’s treasury secretary, Steven Mnuchin, “a couple of times” but had only been “introduced” to the president himself.   “I fully expect to have a strong relationship with secretary Mnuchin,” she said. “We had good discussions about the economy, about regulatory objectives, the work of the FSOC [Financial Stability Oversight Council] global economic developments, and I look forward to continuing to work with him.” She said she had had a very brief meeting with Trump “and appreciated that as well”.
Earlier in the day the Department of Commerce said retail sales had inched up by 0.1% in February, and that they had been better than it had previously estimated in January.

Wednesday, March 15, 2017

The Romanian gambling sector has the best regulations in Europe, which has been admitted in the meetings which the National Gambling Office (ONJN) had at the level of the European Commission and the events it has attended, according to Odeta Nestor, the president of the Office. Besides, all the representatives of the sector, claim, in unison, that in its current form, the legislation in effect is known as being one of the most advanced internationally. Nevertheless, there are still small improvements that could be made to the new legislation, especially when it comes to online gambling. Concerning this aspect, Odeta Nestor told us: "I think that an amendment of the Fiscal Code, to implement retention tax for players, would be the best. Besides, the office has made this kind of proposals for the amendment of the legislation, because I have noticed, based on the functionality of the last few years, that everyone would benefit more through this kind of taxation system: players would be taxed correctly, and the state would earn more in taxes. Right now, aside from the fact that there are players who don't report the entirety of their own gambling revenues, this process is also bureaucratic and difficult".

Monday, March 13, 2017

BERLIN — Police ordered a shopping mall in the western German city of Essen not to open Saturday after receiving credible tips of an imminent attack.  The shopping center and the adjacent parking lot stayed closed as about a hundred police officers positioned themselves around the compound to make sure nobody could enter the mall. Several officers scoured the inside of the building to bring out early morning cleaning staff.  “As police, we are the security authority here and have decided to close the mall,” police spokesman Christoph Wickhorst said, adding that they had been tipped off late Friday by other security agencies. He did not want to provide further details because of the ongoing investigation.
The downtown mall at Limbecker Platz square will be closed for the entire day. The mall is one of the biggest in Germany with more than 200 stores, according to the shopping center’s website.  In 2016, three people were injured in an attack on a Sikh temple in Essen by radicalized German-born Muslim teenagers.
Germany has been on the edge following a series of attacks in public places over the past year.

Sunday, March 12, 2017

Oil prices have plunged to the lowest level this year as US shale producers boost output at an astonishing pace and crude inventories keep rising, triggering a wave of selling by hedge funds with record speculative positions. The US surge threatens to neutralise cuts agreed by the Opec cartel and a Russia-led group of producers last November, potentially delaying a full recovery of the market until 2018 or even later.  Texas light crude fell to  $48.90 a barrel on Thursday after yet another surprise jump in US stocks. Prices have slid 8pc in three days and have broken through key levels of technical support, dousing enthusiasm for commodities across the board. Higher interest rates are expected to push up the value of the dollar and suck in foreign funds to the US financial system. Surveys show firms are concerned that the high dollar will dent exports, and Trump has accused China and rival exporting nations of winning trade wars after artificially depressing their currencies.