Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 34 n° 201

Posts Tagged ‘economic’

Committee on Economic and Monetary Affairs

Posted by fidest press agency su lunedì, 30 novembre 2020

Brussels. Wednesday 2 December, ECON meeting: 13.45 – 15.45 and 16.45-18.45 Room: József Antall (4Q2)Votes Framework for the recovery and resolution of central counterparties rapporteurs: Marek Belka (S&D, PL) Johan Van Overtveldt (ECR, BE) Adoption of draft recommendation for second reading Commission Regulation amending Regulation (EC) N° 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) N° 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard 39 and International Financial Reporting Standards 4, 7, 9 and 16 Adoption of a Recommendation for “early non-objection • Public Hearing with experts and representatives of stakeholders on improving the accountability of the European Central Bank 16.45-17.45 • Presentation of the study on the “Options for the ECB’s Monetary Policy Strategy Review” 17.45-18.45 Presentation of the “fast track peer review on the application of the guidelines on the enforcement of financial information (ESMA/2014/1293) by BaFin and FREP in the context of Wirecard” Exchange of views with Steven Maijoor, Chair of the European Securities and Markets Authority Next meetings Monday 7 December 2020, 11:00 – 13:00 (ECON-EMPL), Thursday 10 December, 09:00 – 11:00

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MEPs quiz experts on better designing taxation to help the economic recovery

Posted by fidest press agency su giovedì, 19 novembre 2020

MEPs discussed with experts ways in which taxation systems should be reformed to ensure big multinationals, traders and the wealthiest persons contribute more to the economic recovery. Grace Perez Navarro, Deputy Director of the OECD’s Centre for Tax Policy and Administration, Joaquim Miranda Sarmento, Professor of Finance at the University of Lisbon, and Liina Carr, Confederal Secretary at ETUC, all gave testimony in front of the EP’s subcommittee on taxation matters (FISC) on Monday.Opening the meeting, the Chair of the sub-committee, Paul Tang (S&D, NL) said that the economic crisis caused by the pandemic increases the need to secure tax revenues are delivered in a fair and sustainable way. More than ever, better coordination of tax policies at EU level can help alleviate this crisis and support the green and digital transition, he added. MEPs stressed the need to reduce the tax burden on SMEs and normal people, shifting it instead to those who could and should be paying more taxes. To this end discussions focussed on ways to develop the financial transactions tax, recalibrate corporate taxation and develop eco taxes. MEPs also quizzed the experts on how to better address money laundering and blatant tax evasion.

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Economic and monetary affairs committee calls for boostingthe EU FinTech sector

Posted by fidest press agency su domenica, 13 settembre 2020

MEPs advocated for a robust EU framework for crypto-assets, cyber resilience, data sharing and customer safety, in a non-binding report adopted on Thursday.MEPs of the Economic and Monetary Affairs committee welcomed the Commission’s commitment to finalising an Action Plan on FinTech by the third quarter of 2020. They stress that any measures taken at the EU level should leave all market participants space to innovate, be proportional and technologically neutral, risk based and allow for high levels of consumer and investor protection. They call for a common European model with a crucial role for the European Supervisory Authorities (ESAs) and international cooperation for standards setting.
In their recommendation, MEPs focused on crypto assets, calling for a comprehensive pan-European open-ended taxonomy for new products, as well as for a common monitoring and supervision framework. They point to regulatory gaps in the EU legislation such as that concerning anti-money laundering and advise targeted changes to the existing provisions.
In their report, MEPs highlight a need for a common approach to cyber resilience of the financial sector. They call for legislative changes in the area of ICT and cyber security requirements for the EU financial sector with a focus on modernisation, compliance with international standards and operational resilience testing.Finally, MEPs stress that the free flow of data within the EU is necessary to scale up innovative finance but cross-border data flows, including to and from third countries, must be monitored and governed under the EU legislation on privacy and data protection.Digital finance plays a key role in developing financial activities and will be integral to the success of the Capital Markets Union (CMU), says the text. It will increase financing and investment options for companies and citizens and has a potential to help close the SME financing gap. The text was adopted with 44 votes to 5 and 8 abstentions.

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Willis Towers Watson e World Economic Forum

Posted by fidest press agency su venerdì, 11 settembre 2020

Willis Towers Watson e il World Economic Forum hanno pubblicato: “L’asset risorse umane: un modello per ripristinare il valore del talento nel nuovo mondo del lavoro”, un white paper per fornire alle aziende uno strumento per ridefinire il modo di valutare e selezionare la propria forza lavoro nel post-COVID-19. Il documento, che si basa su principi sviluppati da Willis Towers Watson e dal World Economic Forum, delinea un quadro di riferimento per la gestione delle risorse umane che può aiutare le aziende a misurare e quantificare il contributo delle loro persone nello stesso modo in cui si misurano i rendimenti del capitale finanziario e intellettuale. Si stima che gli asset intangibili di un’azienda, compreso il capitale umano, rappresentino in media il 52% del suo valore di mercato. Edoardo Cesarini, Amministratore Delegato di Willis Towers Watson spiega che “il COVID-19 ha accelerato la transizione verso nuove modalità di lavoro, spingendo le aziende a ripensare come, dove e da chi il lavoro viene fatto”. “Poiché le aziende cercano di reimpostare i loro modelli di business, hanno bisogno di un approccio alla valorizzazione del talento come una risorsa e non come una spesa, in modo tale che i consigli di amministrazione e il management possano essere ritenuti responsabili per il loro investimento nelle persone e per il raggiungimento di risultati migliori”. Oltre a fornire un aggiornamento su come le aziende stiano incorporando le metriche del capitale umano nelle loro misure finanziarie e operative, il documento analizza anche come alcuni dei drammatici impatti della crisi COVID-19 sui mercati del lavoro avrebbero potuto essere attenuati se le aziende avessero valorizzato meglio il loro capitale umano. Il quadro di riferimento delinea sette principi guida per cambiare il modo in cui le organizzazioni valorizzano le persone. Questi includono: il passaggio dal profitto agli obiettivi, dalla politica aziendale alla responsabilità sociale, dalle entità autonome agli ecosistemi e dai dipendenti e dai posti di lavoro alle persone, al lavoro e alle competenze. Il documento include esempi di aziende che hanno messo in pratica questi principi – dalla riqualificazione della forza lavoro alla condivisione dei lavoratori per evitare i licenziamenti. “Le aziende che entrano in una nuova normalità dopo lo shock del COVID, devono mettere il talento al centro del loro business”, ha proseguito Cesarini. “Fondamentalmente, valorizzando e investendo nella loro forza lavoro, le organizzazioni saranno maggiormente in grado di fare ciò che è giusto per il loro business, per i loro dipendenti e per le società”.

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Committee on Economic and Monetary Affairs

Posted by fidest press agency su lunedì, 31 agosto 2020

Brussels Wednesday, 2 September, József Antall (4Q2), 9.00-9.35 Appointment of the Chair of the CCP Supervisory Committeerapporteur Irene Tinagli (S&D, IT)Exchange of views with the selected candidate, Klaus Löber
9.35-10.15 Appointment of an Independent Member of the CCP Supervisory Committee rapporteur Irene Tinagli (S&D, IT)
Exchange of views with the selected candidate, Nicoletta GiustoExchange of views with the selected candidate, Froukelien Wendt13.45-14.14: VOTES
14.14-15.45Economic dialogue and exchange of views with Olaf Scholz, ECOFIN Chair and Federal Minister of Finance and Vice Chancellor of Germany
Next meeting: BUDG-ECON: Monday 7 September 2020, 15:00 – 15:30 & 17:30 – 18:00

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MEPs: Focus on crisis response when coordinating economic and budgetary policies

Posted by fidest press agency su domenica, 31 Maggio 2020

Economic and Monetary Affairs Committee (ECON) MEPs stressed that in order to become a proper recovery tool, the Commission’s Country-Specific Recommendations (CSR) have to be implemented in the member states and must take into account a post-crisis reality. Executive Vice-President Dombrovskis pointed to the resilience facility, the new recovery instrument designed to improve the implementation of the CSR. Commissioner Gentiloni explained that each country, together with the Commission, will have to prepare a tailor-made recovery and resilience plan, in which the member states’ post-crisis priorities should be ensured.Other ECON MEPs were concerned about the general escape clause, which allows the excessive deficit procedure against a member state to be put on hold in times of a severe economic downturn. MEPs wanted to know when the procedure will kick in again and how to keep the right balance between debt sustainability and much-needed investments.
Mr Dombrovskis stressed that the Stability and Growth Pact has been put on hold until the economy is growing again; then the rules start to reapply. Commissioner Gentiloni called for the Council and the Parliament to come to an agreement quickly, so that funds can reach recipients on the ground and the economy can rebound.Finally, MEPs asked about the connection between the rule of law and access to EU funds. Executive Vice-President Dombrovskis reminded MEPs that rule of law is a condition to access EU funding.Commissioner for Jobs and Social Rights Nicolas Schmit said that the latest unemployment forecast for the EU in 2020 stands at 9 % and one out of four workers is currently on a short-time work schedule. Several Members from the Employment and Social Affairs Committee (EMPL) voiced their deep concern that the unemployment level for Europe’s youth is nearly twice as high as that of all job seekers.Commissioner Schmit underlined that fighting youth unemployment remains a priority and that the Commission will reinforce the youth guarantee to improve the prospects for young people.The risk of creating a digital divide when demand for highly-qualified workers will increase, especially in the context of the digital and green transition, was another point of concern for MEPs, who noted that the measures in the context of the green deal could lead to job losses and exacerbate poverty and inequality.According to Mr Dombrovksis, the green deal will actually have a positive effect on the economy and will create new jobs, with digital skills featuring prominently on the upcoming reinforced skills agenda.
MEPs also underlined that the crisis has exposed the shortcomings of our current social model and that the European Semester has to be at the service of recovery and a transformation that is social, economically fair and green. Commissioner Schmit highlighted that the social dimension is anchored in the European Semester by means of the social scoreboard and that the Commission tackles problems related to precarious work with initiatives such as fair and predictable working conditions, proposals for an EU minimum wage, working conditions of platform workers, and a child guarantee.

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COVID-19: Single market must emerge stronger from the crisis, say MEPs

Posted by fidest press agency su venerdì, 29 Maggio 2020

Economic and Monetary Affairs Committee MEPs voiced concerns about the internal market during a debate with Commission Executive Vice-President Vestager on Monday.The majority of MEPs perceive the timely state aid schemes as a lifeline for companies during the COVID-19 crisis. However, they stress that all national state aid instruments such as grants or zero interest rate loans must be proportional and allocated in a transparent way.They also pointed to huge differences between the member states’ fiscal firepower, which is likely to have long lasting consequences on the internal market’s cohesion and asked about the strings attached to state aid such as contributions to the green economy.Commissioner Margrethe Vestager focused on the recovery package to be presented on Wednesday and the new solvency instrument, which will help recapitalise healthy companies put at risk by the pandemic. She agreed that the single market is crucial for recovery and assured MEPs that state aid is temporary, limited and designed to protect from bankruptcies and lay-offs. Ms Vestager stressed that the new recovery architecture will focus on minimising internal market distortions.Addressing recurring concerns voiced by many MEPs that the majority of state aid (47%) was obtained by German companies, Mrs Vestager highlighted the interdependence of the EU economy and interlinked value chains. German spending will therefore benefit companies across the EU, she stressed.MEPs also asked about the weaknesses laid bare by the crisis such as the EU’s dependence on other countries or digital giants to get strategic products such as medicine, medical equipment or tracing apps.The executive Vice-President reiterated the importance of striking a balance between strategic independence, trade and an open economy, which constitutes one of the EU’s main strengths. She called for a nuanced approach between self-reliance and an open global economy, because many jobs and businesses depend on that balance.Some MEPs insisted that green transformation and accountability to taxpayers should be a precondition for companies to receive aid. The Vice-President assured them that such companies have every incentive to stand on their own feet because bonuses, dividends and share buy-backs are banned. She also stressed that the EU will build its recovery around the agreed climate and digital goals. Finally, she recalled her constant efforts to achieve more tax justice by introducing digital taxation and carbon border taxes as a compensation for green EU companies.

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Economic and Monetary Committee MEPs concerned about Karlsruhe ruling

Posted by fidest press agency su martedì, 12 Maggio 2020

During their meeting on Thursday with ECB Vice-President Luis de Guindos, MEPs focused on the German Constitutional Court ruling and the ECB’s response to the economic crisis.The German Constitutional Court Judgement, which came out on Tuesday, calling into question the European Central Bank bond-buying and demanding that the ECB produce the proportionality assessment within three months, was the focal point of the discussion. Many MEPs voiced their disappointment with the ruling and pointed out that it created instability by attacking both the decision of the European Court of Justice (ECJ), which approved the programme, as well as the EU legal order in general. While some MEPs in the committee demanded that Mr de Guindos declares that the ECB will give a clear signal to the financial markets and not change direction, others called for a proportionality assessment of the bond-buying programmes and pointed to the negative side effects, such as negative interest rates and low productivity.Vice-President de Guindos reiterated that the ECB is subject to the EU legal framework and the ECJ, and is accountable for its actions and transparent in its decision-making process. He reminded MEPs of the ECB’s two main principles: price stability and the bank’s independence. Finally, he explained that the ECB looks at interactions between fiscal instruments when taking monetary decisions. Side effects are taken into consideration and pros and cons of each policy decision are constantly assessed, he added.

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Discussions kick off among MEPs and national MPs on economic governance

Posted by fidest press agency su sabato, 22 febbraio 2020

MEPs and members of national parliaments kicked off their two-day yearly gathering on Tuesday, dedicated to discussing EU economic governance.The opening, chaired by Economic and Monetary Affairs Committee Chair Irene Tinagli (S&D, IT), saw interventions from top European politicians leading the implementation of economic governance and its reforms.Ms Tinagli highlighted the areas where progress is most pressing and on which the European Parliament is working, including completing the banking union and the capital markets union, reforming the architecture of economic governance and more particularly, making economic governance more democratically accountable.Commission Executive Vice-President Dombrovskis and Commissioner Gentiloni presented the institution’s plans to review the architecture of economic governance. Eurogroup President Centeno laid out what finance ministers would be prioritising in the coming months. Zdravko Marić, the current ECOFIN chair, presented the priorities of the Croatian Presidency of the Council.Fabio Panetta, Executive Board member of the ECB also presented the Eurozone’s monetary outlook and described the actions that the ECB still deems necessary to complete the economic and monetary union (EMU).
The meeting will continue on Tuesday and Wednesday with debates among parliamentarians on taxation, financial services as well as the fight against poverty and the EU long-term budget (MFF).EP President David Sassoli will open the plenary debate on Wednesday morning on climate change and the role that EU economic, budgetary and social policies can play in this regard.

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Argentina remains bottom of the table as economic woes continue

Posted by fidest press agency su venerdì, 15 novembre 2019

Argentina sits at the bottom of ECA’s table, with the forecast predicting a 22 percent decrease in the average real salary. This comes off the back of a 25.4 percent decrease in real salaries in 2019. Kilfedder said “The nominal salary increase for Argentina has stayed at a whopping 29%, the same as last year, but with inflation significantly higher at an alarming 51%, this means there will be another significant decrease in real salaries for workers in Argentina. Although President Macri and his government have now been replaced by their populist rivals in a recent election, the outlook for Argentina does not look promising and it is likely that the economic situation will get worse before it gets better.” (font: ECA International

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Quarta edizione del Turin Islamic Economic Forum

Posted by fidest press agency su lunedì, 7 ottobre 2019

Torino. Lunedì 14 ottobre, alle ore 12, a Palazzo Birago, in via Carlo Alberto 16, nella sede della Camera di commercio di Torino, la Sindaca Chiara APPENDINO, il Presidente dell’ente camerale Vincenzo ILOTTE, il Rettore dell’Università di Torino Stefano GEUNA, il responsabile dell’Osservatorio sulla Finanza Islamica dell’Università di Torino Paolo Pietro BIANCONE e il Managing Partner di Assaif Alberto BRUGNONI illustreranno alla stampa i dettagli del Forum che vedrà impegnati nel confronto di fine mese rappresentanti delle istituzioni, imprenditori, ricercatori universitari ed esperti del mondo finanziario internazionale. La conferenza verrà trasmessa in streaming sul canale Instagram del #TurinTIEF19 Intitolato “Creating a Holistic Environment for the Islamic Economy/Creare un ambiente olistico per l’economia islamica”, il TIEF 2019 propone tra i temi oggetto degli incontri: fintech, blockchain e intelligenza artificiale (tecnologie potenzialmente dirompenti che hanno dimostrato di essere, nella loro essenza, compatibili con la finanza islamica), nuove politiche urbane, politiche di ‘Social Impact’ ed economia creativa islamica. Il Forum ospiterà due tavole rotonde del Global Islamic Economy Summit (GIES) – l’evento mondiale organizzato dal governo di Dubai attraverso il Dubai Islamic Economy Development Center (DIEDC) – e un’intervista esclusiva a Massimo Lapucci, Direttore Generale OGR.
Sono anche previste due sessioni dedicate a iniziative specifiche. La prima, al progetto di cooperazione italo-palestinese New Urban Resources (NUR) Energia rinnovabile per Betlemme, co-finanziato dall’Agenzia Italiana per la Cooperazione Internazionale. La seconda, dedicata all’Hub Middle East, un nuovo focus geografico di ARTISSIMA 2019 in collaborazione con la Fondazione Torino Musei, che intende offrire una ricognizione sul collezionismo, le istituzioni e gli artisti attivi in un’area centrale per gli sviluppi della società contemporanea.

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Stanford Seed Partners with Entrepreneurs in Africa and India to Catalyze Economic Growth

Posted by fidest press agency su mercoledì, 29 Maggio 2019

Frank Omondi is a wildlife biologist turned entrepreneur. His desire to lead a business that makes a positive impact on the community led him to become the managing director of Ten Senses Africa, a fair trade cashew and macadamia nut processing company based in Nairobi, Kenya.With a background in wildlife biology, Omondi realized he needed further training to help him continue to drive the company forward. That realization led him to join the Stanford Seed Transformation Program in 2016.Stanford Seed is a one-year certificate program delivered by Stanford University through Stanford Graduate School of Business (GSB) that operates in East Africa, Southern Africa, West Africa, and India. The program, which is designed exclusively for busy business owners and CEOs, provides management training, one-on-one support, and networking opportunities to growth-minded business leaders.Following Omondi’s participation in the program, Ten Senses Africa doubled its sales, now provides 1 million cashew seedlings to support 30,000 local farmers, and employs 600 people, two-thirds of whom are single mothers. The company was able to expand to Tanzania with the support of the Seed Transformation Network, a group composed of past participants in the program.Surveys of past participants of the Seed Transformation Program reveal the impact participants and their organizations have on their communities. After completing the program, 89 percent of participants grew their customers, 72 percent introduced a new product or service, 64 percent increased their revenue, and 50 percent expanded into new geographies.Participants work with Stanford GSB faculty to gain the essential business and leadership skills that will enable them to grow their companies and, in turn, positively impact their communities. Admitted participants:Create an action plan to grow and scale their business;
Get in-company support from trained facilitators who help introduce what they’ve learned to their management team and promote buy-in;
Develop relationships with like-minded leaders to share experiences and develop an ongoing peer-to-peer support network;
Receive pro-bono project-based consulting services from senior executives.

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Edgeworth Economics Recognized as Top Economic Consultancy by Global Competition Review

Posted by fidest press agency su domenica, 24 marzo 2019

Edgeworth Economics has again been listed as a top competition economic consultancy by Global Competition Review (GCR) in its annual publication of the Economics 20. A subset of the GCR 100, the Economics 20 recognizes the leading competition economics practices around the world. GCR’s profile of Edgeworth showcased some of the firm’s competition work and accomplishments, including:
advising joint defense groups on antitrust matters in North America;
multiple jury verdicts in favor of Edgeworth clients;
testimony in Chinese court on standard essential patent issues;
advising leading technology firms on issues of FRAND for patent licensing; and
advisory to China’s antitrust agency on mergers.
In addition, a total of seven Edgeworth economists will be named to the forthcoming Who’s Who Legal: Competition 2019.
“Edgeworth’s continued recognition in the Economics 20 reflects who we are as a firm,” said Edgeworth CEO Dr. John Johnson. “Our team is at the forefront of antitrust economics and we are deeply committed to providing clients with rigorous, sophisticated analyses, explained clearly and simply.”
The Economics 20 is determined by criteria such as casework, reputation, size of practice, and individual expert recognition in Who’s Who of Competition Economists.

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Record high profits for EU fleet shows economic benefits of sustainable fishing methods

Posted by fidest press agency su venerdì, 19 ottobre 2018

The 2018 Annual Economic Report on the EU Fishing Fleet shows record-peak levels in economic performance of the EU fishing fleet in 2016 and closely links this achievement to the use of sustainable fishing methods.
Karmenu Vella, Commissioner for environment, maritime affairs and fisheries, said: “It is encouraging to see an ongoing positive trend, which has led to higher profits for the fishing sector and more value added for the EU’s fishing and coastal communities. This clearly demonstrates that our joint commitment towards sustainability pays off. The Ministerial Declaration just signed in Malta between EU member states and third countries from the Mediterranean and Black Sea offers a 10-year Action Plan so that their small-scale coastal fleets can also benefit from this positive trend.”
The 2018 Annual Economic Report on the EU Fishing Fleet points to a significantly improved economic performance of the EU fishing fleet from 2009 onwards. The EU fleet registered record-high net profits of EUR 1.3 billion in 2016, a 68% increase compared to 2015. Moreover, forecasts for 2017 and 2018 are looking positive. Continued improvements into 2016 were mainly a result of low fuel prices and higher average fish prices (more value for less quantity landed). The positive economic development of the EU fishing fleet is also closely linked to the sustainable exploitation of fish stocks. The report indicates that economic performance stagnates where fleets depend on stocks that are still overfished or overexploited. Fleets that fish sustainably, ever growing in numbers, have seen clear improvements in their profitability.
In 2016, the EU fleet’s gross added value, (i.e. the contribution of the fishing sector to the economy through wages and gross profit) amounted to EUR 4.3 billion, a 15% increase compared to 2015. This has led to an increase in the average salaries of the EU fleet employees. Since the large majority of vessels operate in a more efficient and environmentally friendly way, fuel consumption has decreased.The 2018 Annual Economic Report on the EU Fishing Fleet is based on data provided by national authorities and the result of combined work by economic experts from the Scientific, Technical and Economic Committee of Fisheries (STECF) and the European Commission.

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Financing for development meeting in Addis Ababa crucial for future

Posted by fidest press agency su domenica, 12 luglio 2015

caritasCaritas Internationalis says world leaders must show the ambition needed to lift millions of people out of poverty at a key aid summit.The Financing for Development Conference begins 13 July in Addis Ababa. It will determine the level of financial commitment to combat poverty and inequality over the next 15 years.It’s the first of three important meetings in 2015. It will be followed by the adoption of the Post–2015 Development Agenda (SDGs) in New York in September and a UN climate change meeting in Paris in December.Caritas Internationalis President Cardinal Luis Antonio Tagle said, “Governments must commit to financing the development of poor countries. Fair and inclusive international rules are needed that enable equitable allocation of resources and prevent the harmful activities of the private sector.“Failure in Addis Ababa risks harming the international community’s political will ahead of the other key deadlines in 2015. Governments must go beyond national selfishness and short-term interests. We need an agreement respecting the dignity and participation of all that does not endanger the discussions on sustainable development and climate change.”In the preparatory documents for the Addis meeting, the gap is currently huge between the objectives aimed at (a transformative agenda, a changed economic and social model) and the solutions proposed (increased room for large companies, international rules defined by the most powerful countries).On the one hand, the rich countries want to appeal to the private sector on a massive scale to finance this agenda via incentives. Bowing to the private sector however risks creating an economy dominated by finance with appalling consequences for countries where banking regulations are still fragile.But they also want to restrict decision-making to spaces they themselves control rather than more inclusive spaces like the UN. The push to merge the financing for development with the wider Post-2015 Development Agenda means it will gradually disappear to the benefit of not very inclusive G20, the OECD and the IMF and the World Bank.Caritas Internationalis will be present in Addis Ababa through Graham Gordon of CAFOD (Caritas England and Wales), Grégoire Niaudet of Secours Catholique (Caritas France), and Zan Akologo Caritas Ghana.

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Fashion and utility retailers join forces to debate sustainable shopping

Posted by fidest press agency su domenica, 27 aprile 2014

fashion2•First meeting of fashion and utility retailers to debate how to encourage customers to shop in a sustainable way
•Duchess of Cambridge Kate Middleton cited as a role model for re-wearing outfits
•Event spearheaded by University of Sheffield psychologists and management experts with the Centre for Sustainable Fashion at London College of FashionFashion and utility retailers will meet for the first time today (Friday 25 April 2014) as part of a unique collaboration to debate how best to encourage customers to shop in a sustainable way.The discussion at Westfield Shopping Centre, London, builds upon a growing recognition and requirement within both retail sectors of the need to encourage more conscientious consumption of their products in order to reduce the environmental impact of their activities.While utility companies are governed by legislation that requires they encourage people to use less energy and water, the fashion industry currently has no set regulations.However, fashion retailers are increasingly aware of the need to reduce their environmental impact and are keen to work with experienced retailers from other sectors to identify the best means of promoting more conscientious consumption of clothing while staying in business.The unlikely coupling of retail sectors has been spearheaded by psychologists and management experts at the University of Sheffield and fashion experts at the Centre for Sustainable Fashion at London College of Fashion in a multidisciplinary, knowledge exchange project called TRANSFER, funded by the Economic and Social Research Council (ESRC).Dr Natalie McCreesh, TRANSFER Research Associate at the University of Sheffield, said the Duchess of Cambridge, Kate Middleton, was a “great role model” for dressing and shopping in a more sustainable way.“She often re-wears the same items and shows how you can make the same dress look like a new outfit just by changing accessories. She even borrows clothes from her mum and sister, buys from outlet stores and consignment shops”All these things might not immediately seem environmentally friendly but they add up to make a huge difference. It’s about looking after what you already have and getting more use of what you do buy,” she added.The academic team is confident that TRANSFER can make a positive impact on sustainability in both the fashion and utility retail sectors and will extend their findings to consult members of the public later in the year.Dr Christopher Jones, TRANSFER lead investigator at the University of Sheffield, added: “We have brought together a diverse group of retailers to the table at today’s event. However, this diversity masks a number of common challenges and opportunities for those involved.“We hope the TRANSFER project will help to ensure that UK Plc develops in a more economically, environmentally and socially sustainable way.”Confirmed partners include ASOS, DED Associates, E.ON UK, Ecotricity, LUSH Cosmetics, Marks and Spencer, Meadowhall Sheffield, MK Things Happen PR, National Grid Plc, Neals Yard Remedies, Retail Centric, Reve en Vert, ReWardrobe, Susie Stone Ltd, Thames Water, UK Data Service, United Utilities, Westfield London and WRAP, as well as Sunday Times journalist Jessica Brinton and journalist and ethical consultant Marion Hume.

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The European Economic Model

Posted by fidest press agency su mercoledì, 25 gennaio 2012

The European growth model has been an engine for economic convergence during the past few decades and has delivered prosperity to hundreds of millions of people on the continent, says a new World Bank report “Golden Growth: Restoring the Luster of the European Economic Model”, launched today in Brussels. The newreport looks at long-term growth in Europe, paying special attention to the last two decades, and identifies what needs to be done to assure continued prosperity in the decades ahead. It assesses the six principal components of the European growth model: trade, finance, enterprise, innovation, labor, and government. Its main findings: most countries in Europe are doing well in trade and finance, many in enterprise and innovation, but few are doing well in labor and government. So Europe needs many changes to make governments and labor markets work better, fewer changes to foster innovation and productivity growth in enterprises, and fewer changes still to reform finance and trade. Stalled productivity, declining populations, and unsustainable fiscal imbalances have made many changes urgent.* To revitalize the European growth model, the report makes three sets of recommendations: restart the convergence machine that has allowed poorer countries become high income economies; rebuild “brand Europe” that has helped the region, with one-tenth of the world’s population, account for a third of the global economic output; and reassess what it takes to remain the world’s lifestyle superpower, with the highest quality of life on the planet.
Between 1950 and 1973, Western European incomes converged towards those in the United States. Then, until the early 1990s, the incomes of more than 100 million people in the poorer southern periphery—Greece, southern Italy, Portugal, and Spain—converged to those of advanced Europe. Starting with the first association agreements with Hungary and Poland in 1994, another 100 million in Central and Eastern Europe were absorbed into the European Union. Another 100 million in the candidate countries in Southeastern Europe are now benefiting from the same aspirations and similar institutions that have helped almost half a billion people achieve the highest standards of living. If European integration continues, the 75 million people in the Ukraine and other countries of the Eastern Partnership will profit in similar ways.Trade and financial integration are two of the strongest attributes of the European economic model. According to the report, the adjustments needed to strengthen these components are: better management of financial flows, quicker expansion of the modern services trade, and greater mobility of workers.
Europe is known for its combination of engineering and design. Since the mid 1990s, while Asia had a financial crisis and recovery and the United States had a technology boom and financial crisis, European enterprise has flourished. With few exceptions, every part of Europe has seen a growth in employment, productivity, and exports. But during the last decade, two growing shortfalls in productivity are threatening Europe’s global economic influence. The first is that since the mid-1990s, labor productivity in Europe’s leading economies has fallen relative to the United States and Japan. The productivity gap between advanced Europe and the United States today is more than twice what it was in the mid-1990s. The second is that enterprises in southern Europe have become less productive. To be competitive, productivity should have grown by about 3-4 percent each year during the 2000s. Instead, it fell by about 1 percent each year.

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World economic forum

Posted by fidest press agency su mercoledì, 25 gennaio 2012

Rome – The Executive Director of the United Nations World Food Programme (WFP), Josette Sheeran, will attend the World Economic Forum Annual Meeting 2012 in Davos, Switzerland, beginning on Wednesday, 25 January. The World Economic Forum is an opportunity for WFP to engage with the world’s political, economic and business leaders to discuss their role in supporting efforts to alleviate global hunger – the world’s greatest solvable problem. Sheeran will attend a number of panels and will moderate Thursday’s interactive session “Ensuring Food Security: How are new models of collaboration and innovation driving investment in food and nutrition security?” Participants will include Bill Gates, co-chair of the Bill & Melinda Gates Foundation; José Graziano da Silva, Director-General of the Food and Agriculture Organization; Goodluck Ebele Jonathan, President of Nigeria; Stefan Lippe, CEO of Swiss Re; and Paul Polman, CEO of Unilever and co-chair of the World Economic Forum Annual Meeting 2012.In addition, Sheeran will meet WFP’s private sector partners in order to discuss ways in which they can use their business knowledge and expertise to engage with WFP in the fight against hunger.

Posted in Economia/Economy/finance/business/technology, Roma/about Rome | Contrassegnato da tag: , , , | 7 Comments »

New Research Shows Costs of U.S.

Posted by fidest press agency su lunedì, 19 settembre 2011

Washington, Dc – Today, the pro-development NGO, World Growth, released a new study by Dr. Robert Shapiro, former Undersecretary of Commerce during the Clinton Administration and chairman of the economic advisory firm Sonecon, which concludes that trade restrictions imposed recently by the U.S. on certain coated paper products imported from Indonesia and China would have adverse effects on U.S. consumers. The analysis was released ahead of the one-year anniversary of the U.S. Department of Commerce’s issuance of anti-dumping and countervailing duty orders on coated paper product exports from China and Indonesia into U.S. markets.
In recent years, manufacturers in Indonesia, including pulp and paper producers, have become highly competitive in the U.S. and world markets by combining the effective use of advanced technologies and business methods brought in by foreign direct investors, with certain low costs. Their rapid growth has allowed them to both meet much of Indonesia own fast-growing demand for these products and compete directly in other markets with U.S. and European producers. The World Growth-commissioned report found that trade restrictions recently imposed on both Indonesian and Chinese coated paper products, through U.S. anti-dumping and countervailing duties, will prove to be counterproductive for U.S. consumers and businesses. The report recommends the U.S. Government and U.S. producers to drop their reliance on trade protectionism.
World Growth Chairman Ambassador Alan Oxley hopes the findings of the report to encourage the U.S. government to lift its trade sanctions against Indonesian products.
World Growth is a non-profit, non-governmental organization established to expand the research, information, advocacy, and other resources to improve the economic conditions and living standards in developing and transitional countries. At World Growth, we embrace the age of globalization and the power of free trade to eradicate poverty and create jobs and opportunities. World Growth supports the production of palm oil and the use of forestry as a means to promote economic growth, reduce poverty and mitigate greenhouse gas emissions. World Growth believes a robust cultivation of palm oil and forestry provides an effective means of environmental stewardship that can serve as the catalyst for increasing social and economic development. For more information on World Growth, visit

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Economic and Financial briefing for Euro Area journalists

Posted by fidest press agency su venerdì, 16 settembre 2011

European flag outside the Commission

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04 October – 06 October 2011, Brussels (Economic and Financial Policy 2011) In the midst of ongoing turbulence in financial markets, sluggish growth and elevating debt, the European Journalism Centre is organising in early October, in co-operation with DG Economic and Financial Affairs of the European Commission, an exclusive programme for journalists specialising in economic and financial issues from the Euro Zone-17 countries. This three-day seminar will feature panel discussions as well as on and off the record talks with senior members of the EU (including the Commission and the Parliament) as well as experts from the NGO, think tank and academic communities in Brussels. Economic governance will again be a key theme as well as economic forecasts. Participating journalists will have the opportunity to attend press conferences following the meetings of finance ministers from the EU-27 (ECFIN Council)as well as the European Commission midday briefing. The discussions will be lively, informal and should significantly help those attending get the inside track on where the Euro area economy and currency is and is forecast to go in the near future.

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