Global Political Economy News

The World’s 4th Largest Source of Migrants with 9.3 Million is China

(FINNBAY-ANSA-People’s Daily Online) – Beijing, 18 June 2014. With the rapid rise of the Chinese economy, buying overseas properties and investment migration have become the latest investment ideas for Chinese. According to a survey, among overseas investment projects buying property accounts for more than 40 percent, ranking first. Also Read: China Becomes World’s Largest Online Retail […]

Economics of the FIFA World Cup

(FINNBAY-ANSA-People’s Daily Online) – Beijing, 14 June 2014. The much anticipated 2014 FIFA World Cup has kicked off in Brazil. For soccer fans all over the world it is the top sports event, happening every 4 years; while for the sponsor FIFA (Federation international Football Association), it is a highly-profitable commercial feast. Also Read: Israeli Fans […]

Russia Warns Ukraine as Ukrainian Troops ‘Take Mariupol’

(FINNBAY-ANSA) Moscow, 14 June 2014. Ukraine said Friday its troops re-captured the port city of Mariupol as Moscow claimed Kiev’s forces had violated Russia’s frontier. Also Read: Finland Promises to Stay United with the EU Towards Russia-Ukraine Crisis Ukrainian President Petro Poroshenko claimed the victory over Russian-backed rebels in the strategic city and said he has […]

Eni Shows Commitment to Kazakh Gas

(FINNBAY-ANSA) – Rome, 13 June 2014. Eni on Thursday signed a strategic agreement with Kazakh gas giant KazMunayGas for KMG and Eni to hold 50% each of exploration and production rights in Isatay, an offshore exploration area located in the north Caspian Sea. Also Read: Kazakh Kashagan Oil Field “$30 bn Over Budget, Way Behind Schedule” […]

270 People Died Due to Ukraine Crisis Since April 2014

(FINNBAY-ANSA) – Moscow, 13 June 2014. Since the beginning of April, 270 people have died and more than 713 have been injured in fighting between pro-Russian separatists and Ukrainian military in the eastern Ukraine, the country’s health ministry reported. The city of Donetsk tallied 225 people killed and 576 requiring medical assistance, while Lungansk reported […]

Fiat, Apple, and Starbucks Under EU Antitrust Probe

(FINNBAY-ANSA) – Brussels, 11 June 2014. Italian-American car manufacturer Fiat is one of three multinational companies implicated in a probe by the European commission into whether tax arrangements granted by three EU countries amounted to illegal State aid. The EU’s antitrust regulator said Wednesday it had opened an investigation to examine whether tax deals granted […]

Children Account Up to 80% of Victims of Sexual Violence in Conflict Zones

(FINNBAY-ANSA) – London, 11 June 2014. Children account for up to 80% of the victims of sexual violence in conflict zones, Save the Children said on Tuesday. This translates into almost 30 million youngsters affected by rape and other sexual crimes, said the children’s aid agency at the opening of the Global Summit to End […]

Africa’s GDP to Rise About 4.8% in 2014, Says OECD

(FINNBAY-ANSAmed) – Rome, 10 June 2014. Africa’s GDP is expected to rise by 4.8% in 2014 and may reach a record 5-6% in 2015, according to a report by the OECD in collaboration with the African Development Bank and the UNDP. Also Read: 800,000 Migrants About to Depart the North African Coast for Europe A preview […]

Missing Malaysian Airlines Flight Families Launch Reward MH370 Campaign

(FINNBAY-ANSA) – Rome, 9 June 2014. Relatives of passengers on missing Malaysian Airlines flight MH370 have launched a $5-million fundraiser in a bid for information on the whereabouts of the plane. Also Read: Jet Search Failure Again: Malaysian Airplane still Missing Families fear a cover-up in the case of the Boeing 777-200ER that vanished without trace […]

Euromed Educators to Work on Intercultural Citizenship Manual

(FINNBAY-ANSAmed) – Alexandria, 9 June 2014. Over 30 experts in education and cultural training selected across 24 countries in the Euro-Mediterranean area have gathered in Alexandria, Egypt, for a two-day event aimed at drafting a ”manual” to train teachers to form an ”intercultural citizenship” so citizens from Europe and south-east Mediterranean countries can understand each […]

Euromed Citizenship Handbook Being Developed

(FINNBAY-ANSAmed) – Cairo, 7 June 2014. In order to gather educators’ feedback for the final draft of a handbook on citizenship in the Euromed area, rendering it as useful as possible for its intended purpose, the Third Alexandria Education Convention will be held on Sunday and Monday. The convention is another step towards completing a […]

Sunday’s Elections in Kosovo, A Test for Premier Hashim Thaci

(FINNBAY-ANSAmed) – Pristina, 7 June 2014. Kosovo’s electoral campaign ends on Friday ahead of early elections Sunday. The vote is considered an important test for the government of Premier Hashim Thaci and for Kosovo’s progress in Europe. After initial threats of a boycott, the Serbian community will take part in the vote, welcoming an appeal […]

800,000 Syrian Refugees in Turkey An Opportunity for Economy, Study Says

(FINNBAY-ANSAmed) – Rome, 6 June 2014. There are an estimated 800,000 Syrian refugees living inside or out of refugee camps in Turkey, according to official figures, and their presence can be an opportunity for security and stability in the country, rather than a problem, according to a report published by the Turkish Center for Middle […]

Putin Meets New Ukraine President Poroshenko and Obama at D-Day celebrations

(FINNBAY-ANSA) – Paris, 6 June 2014. Russian President Vladimir Putin meet Friday with United States President Barack Obama and Ukraine President-elect Petro Poroshenko Friday on the fringes of D-Day commemorations. Putin, who was excluded from this week’s summit of the Group of Seven (G7) industrialized nations, also met with German Chancellor Angela Merkel. The crisis […]

E.ON and Total Withdraw from Trans Adriatic Pipeline Project

(FINNBAY-ANSAmed) – Istanbul, 6 June 2014. France’s Total and E.ON of Germany plan to withdraw from the Trans Adriatic Gas Pipeline (TAP) project designed to transport Azeri gas to Italy and Europe. The news was reported in a statement from the Istanbul office of the Italian Trade Commission (ICE), which quoted statements by Vagif Aliyev, […]