The US restoring diplomatic relations with Cuba is a Trojan horse strategy which is set to mask Washington’s intentions to re-colonize Cuba, tap into its market and return it to neo-colony status, says political analyst Daniel Shaw.
Beijing needs to quicken financial sector reform. The model of “the traditional investment-driven growth shaped by heavy state intervention” has started slipping, says the World Bank report. This could overshadow 30 years of “stellar performance”.
Australian lawmakers have slammed the country’s deal-making process as one lacking transparency and oversight. They’ve particularly criticized the currently negotiated Trans-Pacific Partnership for its “excessive secrecy.”
MPs, trade unionists, economists and campaigners have called upon David Cameron to support debt cancellation for Greece, saying it could be funded by seizing capital from speculators and banks that were the true beneficiaries of Athens’ bailouts.
Though there is a lot of noise concerning the Greek crisis and the Greek economy is likely going to collapse this week, three months from now no one will remember Greece going bankrupt, financial commentator Jim Rogers told RT.
China is expected to become the world’s biggest overseas investor by 2020. Beijing’s global offshore assets will likely triple from $6.4 trillion, to more than $20 trillion by then, says research reported in the Financial Times (FT).
Starting Monday Saudi Arabia is giving foreign investment institutions access to one of the world’s most-restricted stock markets in an effort to diversify its capital base, in a country which gets 90 percent of its revenue from oil.