Author: Tasos Mallotis

The current interconnected global economic system just isn’t working, some economists say. They are calling for a recalculation of globalization, and what it means to be wealthy, independent, and secure. Globalization has had a rough time lately. Worldwide, just-in-time supply chains suffered under stiff tariffs. COVID-19 shutdowns and travel restrictions caused further distress. Now, the war in Ukraine and sanctions on Russian companies are making matters even worse. Inflation and price increases have made energy and food more expensive. Ordinary customers, especially the poor, are suffering. Is the world order falling apart? Is the status quo even worth saving? The world is changing, and…

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Sandoz has announced the opening of two new European facilities in Austria and Germany to strengthen the development and supply of critical medicines in the EU and beyond. The two facilities include a new facility for the production of penicillin at Kundl, Austria, along with a new biosimilar development centre in Holzkirchen, Germany. Both facilities align with Sandoz’s commitment to ensuring sustainable access to quality antibiotics as well as spearheading the development of biosimilars. Source : PT

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As the second largest agri-business market in Europe, France is a smart choice for Irish agri companies looking to expand overseas. And they’re more than welcome with French buyers, as a group of Irish businesses found recently when they visited France’s biggest agricultural show. The Sommet de l’Élevage show, which took place in the French city of Clermont-Ferrand in October, is also the biggest livestock show in Europe. Over four days, it welcomed 115,000 visitors, including 5,000 international visitors from 90 countries. Following in the footsteps of many Irish firms that have taken part in the show over decades, 11…

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The International Monetary Fund (IMF) on Tuesday said Germany was set to suffer from a deeper recession than previously predicted. Europe’s largest economy is expected to be the only one of the Group of Seven (G7) highly industrialized nations that will not enjoy growth in 2023. How the figures look The IMF said that Germany’s economy, rocked by high inflation and a slump in manufacturing, is expected to shrink by 0.5% this year. The Washington-based lender had forecast a 0.3% contraction back in July. In its revised opinion, the IMF said Germany was facing numerous obstacles, including “weakness in interest-rate-sensitive sectors and slower trading-partner demand.” The…

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Frankfurt, Paris (22/10 – 20)  Many tourists consider traveling to Europe during the summer months of June – September, but autumn’s cooler temperature, colorful leaves and diverse culinary choices can also charm visitors of the blue continent. Here are several events and attractions you can visit across Europe during autumn. 1. Amsterdam, Netherlands Amsterdam offers a wide array of activities during autumn, such as Amsterdam Marathon, an annual marathon in Amsterdam in the Netherlands since 1975. There is also Amsterdam Dance Event, held between Oct. 18 and 22, is the largest electronic club festival in the world but also the…

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EU

An American giant has arrived in Sweden. On Saturday morning, one of the world’s largest transport aircraft, a C-5 Galaxy, belonging to the US Air Force, landed at Malmö Airport. The aircraft departed from Travis Air Force Base in California and completed a non-stop journey before touching Swedish soil at approximately 10:30. The purpose of its presence in Sweden remains unclear. Fredrik Helmertz, the on-duty communicator at the Swedish Armed Forces, stated, “I do not know. They have applied for and been granted permission to enter Swedish airspace and then land.” The C-5 Galaxy, manufactured by Lockheed Martin and first…

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Prime Minister Narendra Modi will be travelling to South Africa and Greece next week, the Ministry of External Affairs said on Friday. While the PM will be attending the BRICS summit in Johannesburg from August 22 to 24, he will visit Greece on August 25 for a bilateral visit — first visit by an Indian Prime Minister to Greece in 40 years. The Ministry of External Affairs announced the visit in an official statement: “Prime Minister Shri Narendra Modi will be visiting Johannesburg, South Africa from 22-24 August 2023 to attend the 15th BRICS Summit at the invitation of Matamela Cyril Ramaphosa,…

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Generally favorable conditions for spring grain planting will see Kazakhstan harvest 14 million tonnes of wheat in marketing year 2023-24, according to a Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. The latest forecast for wheat is 1 million tonnes higher than FAS Post Astana’s original outlook in April with no significant changes to planted area at 12.9 million hectares, about 10,000 more hectares than 2022-23. Kazakhstan is estimated to have produced 16.4 million tonnes of wheat the previous marketing year. Wheat exports are seen at 9.5 million tonnes, the same…

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ASTANA – Kazakhstan shipped 8.3 million tons of cargo to China by rail in the first six months of 2023, 37% more than in the same period last year, according to the outcomes reported on July 21 by the Kazakhstan Temir Zholy (KTZ) national railway company. Kazakhstan has tripled grain exports to one million tons, metal ore by 15% to four million tons, including 2.6 million tons of iron, 25% more than in January-June last year. Exports of non-ferrous metals grew by 55% to 220,000 tons, and vegetable oils by 70% to 75,000 tons. The import from China increased by…

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Colombo (25/7 – 30.77) In his book “Sri Lanka’s Easter Sunday Massacre: Lessons for the International Community,” terrorism expert Dr. Rohan Gunaratna emphasizes the importance of de-radicalizing Islamic ideology to effectively combat Islamic terrorism. He identifies Wahhabism or Salafism as the root of Islamic terrorism, rapidly spreading worldwide through modern communication tools. Gunaratna warns that merely arresting perpetrators after attacks is insufficient; the focus should be on preventing radicalization in the first place. The Easter Sunday bombings in April 2019, which claimed over 200 lives, were fuelled by extremist ideologies inspired by events in the Middle East and Islamic extremists…

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