The former French President Nicolas Sarkozy has been arrested last week for the financing of its 2007 Presidential campaign, with illicit funding coming from Libya’s Muammar Gaddafi. I never particularly liked the French politician, but it’s clearly one more blow toward the disintegration of the former left-right political landscape. Advertisements
The German agro-chemical giant Bayer bought a few months ago the American-based GMO’s giant Monsanto for $ 66 bn and the European Commission approved last week the merger, despite huge environmental concerns. At a time when the sector is consolidating with mergers like ChemChina & Syngenta, or Dow & DuPont, the EU cannot simply prevent the apparition of…… Continue reading Baysanto
Great photo article in the Atlantic about Chinese bike sharing : it’s also about oversupply, like in the Steel Trade War, only this time it’s an internal flood. Meaning the Chinese State Capitalism does not have enough the fine-tuning by the market, as balance of supply and demand.
So, the US eventually announced supra tariffs on imports of steel and aluminium, but excepted from their application seven countries, qualified as strategic allies (Australia, Argentina, Brazil, Canada, EU, Mexico, South Korea). Much ado about nothing in the end ? Well, yes, pretty much for the seven excepted countries, but not at all for the others,…… Continue reading Steel War Theater
So, when Mister Kim makes a secret visit to Beijing, his first ever in a foreign country as North Korea supremo, should we still believe that the Middle Kingdom has no leverage over the neighboring Democratic Popular Republic ? Or should we get accustomed faster to the new secretive foreign relations of the New Asian Century…… Continue reading Kim-jong Un in China
After the Salisbury novichok attack (Skripal affair), the Brits resembled a coordinated response, with almost 100 Russian diplomats expelled from the US, Canada, Ukraine and 14 EU countries. It is also interesting to note the nine countries who indicated their opposition to the common action : Portugal, Greece, Cyprus, Bulgaria, Slovakia, Slovenia, Austria, Luxembourg, Malta, while Ireland…… Continue reading Cold War 2.0 nonetheless
Richard N.Haass, head of the Council of Foreign Relations, and old-hand of the US foreign policy establishment: But the weakening of the liberal world order is due, more than anything else, to the changed attitude of the US. Under President Donald Trump, the US decided against joining the Trans-Pacific Partnership and to withdraw from the…… Continue reading Liberal World Order no more