Africa 54. 00 of 55. 00 leaders attending the recent African Union summit in nigeria has signed an agreement to create the african Continental Free Trade Area the proposal under discussion for 4 years advanced after Regional Power nigeria was convinced to support it. As one of the remaining holdouts on the continents agreement which would eliminate most tariffs has been ratified in the National Parliaments of about half of the African Union members the unions trade and industry commissioner predicted that the area would become operational by july of 2020 that gathered elders also advanced plans for pan african Payment System to maximize efficiencies within the trading bloc and reduce trade barriers created by the region scarcity of foreign exchange. And japan has launched another round in the back and forth with south korea over new restrictions on export materials used in semiconductors and smartphone displays japanese trade and industry minister here a show. Tokyo was not thinking at
A big round of applause in brussels this week when the e. U. Announced its agreement with south americas nations brazil argentina uruguay and paro but could the deal be a headache for europe in the coming months or even a failure a vocal opposition suggests ratifying the deal wont be easy. After the celebration comes the backlash french farmers are among those coming out against the methods or agreement brussels says it will bring their products to new markets while saving 4000000000. 00 euros in customs but many worry about the effects on their local market. And the markets hang by a very fragile balance we add a little more volume prices will collapse and if prices collapse there is no life for us. Hes not alone similar concerns are coming out of ireland poland and germany a focal point is the e. U. Concession to south american beef producers 99000. 00 tons at a lower tariff of 7 and a half percent european beef producers say their market is already tight and theyll now have to compe
I judge banks message to the world is that they are undergoing a restructuring a routine restructuring like the ones that have happened every quarter for the past few years in order to return the business to profitability in this current iteration davie is attempting to shed its Equities Investments its trading business and shift over to primarily a lending business now on the surface this move makes perfect sense but lets dig a little deeper remember when bear stearns underwent a restructuring translation they are in a full on crisis mode now the debts of Lehman Brothers and bear stearns were quick and painless but the coming the rise of Deutsche Bank has been long drawn out and very painful and recent times daveys Investment Banking division has been among the largest in the walls comparable to goldman j. P. Morgan and they have led book writers and notable i. P. O. s such as go daddy and aston martin and ali baba. And more but today with the stock trading at 7. 00 per share that is
Part of why but could the deal be a headache for europe in the coming months or even a failure a vocal opposition suggests ratifying the deal wont be easy. After the celebration comes the backlash french farmers are among those coming out against the methods or agreement brussels says it will bring their products to new markets while saving 4000000000. 00 euros in customs but many worry about the effects on their local market. And the markets hang by a very fragile balance we add a little more volume prices will collapse and if prices collapse there is no life for us. Hes not alone similar concerns are coming out of ireland poland and germany a focal point is the e. U. Concession to south american beef producers 99000. 00 tons at a lower tariff of 7 and a half percent european b. Producers say their market is already tight and theyll now have to compete against low cost producers. In the eyes of the German Farmers association the e. U. Is favoring car makers above everyone else. Other
Kong have used batons to disperse demonstrators at the end of a largely peaceful demonstration against a controversial extradition bill organizers say well over 200000 joined a rally in an area popular with tourists from the chinese mainland it was the 1st protest since demonstrators stormed the Parliament Last week. U. S. Secretary of state mike pompei o has warned iran will face further isolation and sanctions after tehran said it will breach a cap on ukrainian in richmond sat by a landmark 2050 nuclear deal european signatories expressed concern over the step as iran tries to force them to shield it from u. S. Sanctions. Cutting 18000. 00 jobs in a multibillion dollar restructuring germanys biggest lender is laying off one in 5 of its workforce over 3 years in the hope of stemming huge losses georgia bank is also. Dating back its global stocks and Investment Banking operations. This week on world stories. Protests against moscows waste. Homosexuality in the us and the stonewall riot