If you are working in defense industry, Australia is your next eldorado !
Tuesday, March 8, 2016
Are we facing conditions which could be worse than the 2008 financial crisis ? Maersk group which owns the world's largest container shipping company, believes it.
Maersk is seen as a bellwether for global trade and it grew almost flat last year (between 0 and 1) against double digit before the financial crisis. It forecast a 1-3% growth this year, well below the post crisis trends.
Global trade conditions were abnormal last year with imports to Europe, Brazil, Russia and West Africa all falling. Low oil price is also considered as a main issue.
Keep an eye on 2016 Maersk growth figures to confirm or not the trend.
Roberto De Primis.
at 6:25 PM
Mastercard has just trialed the "selfie-pay" system in the US and the Netherlands and will launch it in the U.K. in the following days. Thanks to your smartphone, you buy and confirm your order with a selfie. The image taken is compared with an image stored in Mastercard's database. This system should be available in 14 other countries around summer 2016.
at 5:38 PM
Thursday, February 25, 2016
Monday, February 22, 2016
Thursday, February 18, 2016
With the oil price constantly falling, some oil countries such as Venezuela and Saudi Arabia are facing huge troubles. The latter one is really experiencing a moment of truth and will have to manage social and political stability. Indeed, Riyadh has just decided to cut subsidies in order to slash spending. The cut will cost the average household an extra $140 per month (rise of water, electricity and petrol prices).
at 10:10 AM
Wednesday, February 17, 2016
Tuesday, February 9, 2016
Saturday, February 6, 2016
highly ideological when we consider Venezuela and Ecuador.
But clever China is now pivoting from oil-dependent countries (Venezuela among others) because of the steep drop of oil price.
Nowadays, Beijing consider these countries as weak partners and not assets anymore.
at 2:39 PM
Friday, January 29, 2016
Wednesday, January 27, 2016
In the 70s, The US banned oil export because of the oil and gas crisis. In early January 2016, for the first time in 40 years, a ship full of US crude oil has left the country bounded to Europe.
After years of Gulf oil dependence, it's a concrete sign of the recent U-turn regarding energy security and supply (post 9/11).
Roberto De Primis.
at 3:42 PM