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"Taking a ’wait and see’ approach toward global recession simply won’t do in this fast-moving new economic reality that demands awareness and flexibility. Risk diversification, cost efficiencies, and sustainability will be crucial moving forward."

Are economic headwinds blowing in the direction of a global recession? Chief economists answer

Once-in-a-generation inflation in the US and Europe could choke off global growth, with a global recession possible in 2023, say economists

Despite the severe effect the pandemic has had on the world over the past two years, the Taiwan CAA has made every effort to maintain the strong safety record of the Taipei FIR while diligently adhering to relevant antipandemic measures and complying with ICAO’s Standards and Recommended Practices.

Call to support Taiwan’s participation in ICAO

By: EBR | Thursday, September 22, 2022

The International Civil Aviation Organisation (ICAO) develops common regulations and standards for civil aviation

While each person will see and understand what they will from the gathering, it is important to speak about the potential effects that the Congress may bring.

The New Kazahstan beyond energy opportunities: the Congress of Leaders of World Religions

By: EBR | Monday, September 12, 2022

While the world rediscovers the key importance or Kazahstan on the energy front, there are more things happening in the massive Central Asian republic than meets the eye

" As the world’s 22nd-largest economy in terms of GDP and a major semiconductor manufacturer, Taiwan plays a key role in global supply chains."

Working as one for the global good

By: EBR | Tuesday, September 6, 2022

The global community is confronting a number of unprecedented crises: from the ongoing challenge of COVID-19 variants and stalled efforts on climate change, to supply chain disruptions and Russia’s unprovoked invasion of Ukraine

Under a long-term, 15-year gas contract with Hungary, Russia is committed to supplying 4.5 billion cubic metres yearly to Budapest.

Hungary to buy more gas from Russian in new deal

By: EBR | Thursday, September 1, 2022

Under a new deal between Moscow and Budapest, Russia’s Gazprom will deliver up to 5.8 million cubic metres (mcm) more natural gas per day via Serbia on top of the volumes agreed in the long-term contract

"Mr Gorbachev made one ill-fated attempt to return to political life in 1996, receiving just 0.5% of the vote in presidential elections."

Mikhail Gorbachev: Last Soviet leader dies aged 91

By: EBR | Wednesday, August 31, 2022

Mikhail Gorbachev, the former Soviet leader who brought the Cold War to a peaceful end, has died aged 91

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"The government of the Republic of China (Taiwan) always extends welcome to international friends supporting Taiwan’s values of freedom and democracy."

Taiwan Solemnly Protests CCP Military Aggression and Sabotage of Peace Across the Taiwan Strait

By: EBR | Friday, August 5, 2022

Taipei Representative Office in Greece expresses strong protest and solemn condemnation in response to the Chinese Communist Party (CCP) using the US House Speaker’s visit to Taiwan as a pretext

The G7 – the United States, Canada, Japan, Germany, France, Italy and Britain – said last month they would consider setting a price cap on Russian crude to curb the oil revenue that Moscow uses to finance its invasion of Ukraine.

G7 aim to have price cap on Russian oil in place before 5 December

By: EBR | Thursday, July 28, 2022

The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place by 5 December, when European Union sanctions banning seaborne imports of Russian crude come into force

“Climate change… is literally, not figuratively, a clear and present danger,” Biden said, announcing executive actions including $2.3 billion in investments to help build US infrastructure to withstand climate disasters.

Biden seeks to revive climate agenda as heat waves slam US, Europe

By: EBR | Thursday, July 21, 2022

President Joe Biden, thwarted by lawmakers and the Supreme Court, sought to revive his ambitions to tackle climate change as heat waves batter the United States and Europe

The discussions between Chinese Vice Premier Liu He and European Commission Executive Vice President Valdis Dombrovskis were “pragmatic”, “candid” and “efficient”, the Chinese Commerce Ministry said in a statement after the virtual talks.

EU, China hold trade dialogue, no mention of frozen pact

By: EBR | Wednesday, July 20, 2022

Against the backdrop of geopolitical tensions, European and Chinese senior officials held high-level trade talks, but remained silent over an investment deal frozen by disputes

"The paradox is that the rich West is attractive but not influential enough, both at the international and grassroots level".

How big and powerful is the West?

By: EBR | Friday, July 15, 2022

We often speak of the “collective West” as the bulwark for democracy, individual rights, a free market economy, and the rule of law. We assume that the bloc to which we belong is not only big and powerful but also influential and attractive

"If we want to create a sustainable, resilient, and inclusive future for all, we must collaborate better on these four major issues".

These are the 4 steps we need to make economic growth sustainable, resilient and inclusive

By: EBR | Thursday, July 14, 2022

Investments, innovation, policy, and finance all play a central role in defining the economic growth model of the 21st century

The Nord Stream 1 pipeline transports 55 billion cubic metres (bcm) a year of gas from Russia to Germany under the Baltic Sea. Ukraine had urged Canada not to return the repaired part, saying it would undermine sanctions against Russia.

Ukraine cries foul as Canada sends Nord Stream 1 turbine to Germany

By: EBR | Wednesday, July 13, 2022

Ukraine’s energy and foreign ministries said on Sunday (10 July) they were “deeply disappointed” by Canada’s decision to hand back to Germany a gas turbine needed for the Nord Stream 1 pipeline

Global population will reach 8 billion in 2022 and 10.9 billion by 2100.

As the global population approaches 8 billion, is equal access to opportunity for all possible?

By: EBR | Tuesday, July 12, 2022

Global population growth is a testament to human progress, with an eight-fold increase in the number of humans alive since 1800

“Euro area banks must urgently step up efforts to measure and manage climate risk,” said Andrea Enria, chair of the ECB’s Supervisory Board.

Banks are unprepared for climate risks, stress test shows

By: EBR | Monday, July 11, 2022

A climate risk stress test that the European Central Bank (ECB) conducted with more than 100 banks showed that most banks lack a climate risk stress-testing framework and do not include climate risk in their credit risk models

DR couldn’t obviously subscribe to this idea. He did, however, affirm with a warm handshake the deal that still stands strong today: American access to rich Saudi oil fields in return for an unconditional U.S. backing of Saudi Arabia.

When the U.S. needs oil from the Saudis, all is forgiven, it seems

By: EBR | Monday, July 11, 2022

I don’t envy President Biden, who, on board of Air Force One heading toward Tel Aviv, probably will have to tell his aides to remind him whom he would meet upon landing at Ben Gurion Airport on July 13

"Already at 1.3°, the world’s greenhouse gas (GHG) emissions are increasing, not falling. All models keeping to the 1.5° limit assume huge immediate behaviour change and emissions slowdowns. To date, these assumptions are demonstrably wrong".

’Reduce, remove and repair’ - the 3 Rs needed to fight climate change

By: EBR | Friday, July 8, 2022

Hurtling towards deeper climate shifts, unless we act now there is little chance of a manageable future for humanity. The possibility of maintaining an average global temperature rise below 1.5°C, and the implied manageability that brings, is increasingly difficult

War brings out the worst in people and destroys the very foundations of humanity.

Why Leaders Won’t Stop Waging Wars

By: EBR | Tuesday, July 5, 2022

War, what a glorious venture. What a terrific way to embark on heroic deeds

Freshwater’s ability to sustain a stable Earth system is more strained than previously thought.

Human activity is disrupting the freshwater cycle, here’s how to change that

By: EBR | Monday, July 4, 2022

Green water – the rainwater available to plants in the soil – is indispensable for life on and below the land

At present, China’s military spending is only a quarter of that of the United States and even smaller if compared with that of NATO as a whole. China’s military budget accounts for about 1.3% of its GDP, much lower than the threshold of NATO countries.

Is China a Challenge to NATO?

By: EBR | Monday, July 4, 2022

At the 2022 Madrid Summit, NATO adopted a new Strategic Concept, claiming that NATO member states would work together to address the systemic challenges posed by China

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EU Actually

Does Germany cross a line?

N. Peter KramerBy: N. Peter Kramer

Germany’s Chancellor Olaf Scholz announced a new €200 billion gas subsidy fund that will benefit big and small companies in his country

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Europe

EU fumes as US, Norway energy profits put solidarity to the test

EU fumes as US, Norway energy profits put solidarity to the test

As the USA and Norway reap unprecedented profits from surging energy prices, EU countries are complaining more loudly

Business

A Look at CEE current and future Superclans: how does Old Money and New Money coexist in Central and Eastern Europe?

A Look at CEE current and future Superclans: how does Old Money and New Money coexist in Central and Eastern Europe?

The history of capitalism in Central and Eastern Europe differs markedly due to the rupture created by the communist period

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