Brexit was supposed to have been all sorted out by now, but it's March 29, 2019 and pretty much all scenarios — soft, hard and everything in between — are still in play. Keeping that in mind, a new study commissioned by the Irish Department of Finance seeks to outline the short-term, mid-term and long-term impact three different Brexit scenarios will have on the Irish economy. Although the issue of Ireland's multifaceted exposure to Brexit was largely absent during the 2016 referendum campaign in Britain, over the last two years, it has come to dominate much of the discourse around the UK's departure from the bloc. Much of the focus has been on the highly sensitive and seemingly intractable issue of the border between Ireland and the UK-controlled statelet of Northern Ireland, but Ireland's economic exposure to Brexit is also a matter of major concern to a country that in 2017 exported more to the UK ($18.5 billion, €16.5billion) than it did to any other EU country. … [Read more...] about Report shows stark effect Brexit will have on Irish economy, deal or no deal
Foreign direct investment by country
Amazon launched its biggest campus in the world when it opened a vast new building in India. Housing over 15,000 employees, the new site in Hyderabad, which used more than twice as much steel than the Eiffel Tower in Paris, covers 9.5 acres and has 1.8 million square feet of office space. The unveiling in the southern Indian city on Wednesday underscores the company's expansion plans in the country that has been one of its fastest growing overseas markets. It comes months after the Seattle-based company scrapped plans to build a major outpost in New York, blaming opposition from local leaders. Amazon.com Inc then picked Arlington, Virginia, as the site for its upcoming second headquarters. Amazon opened its biggest global building in Hyderabad covering 9.5 acres and with 1.8 million square feet of office space The new campus in the southern Indian city underlines Amazon's ambition to conquer the emerging Indian markets Construction workers at the site in Hyderabad. The … [Read more...] about Amazon opens its biggest campus in the world in INDIA covering 9.5 acres and housing 15,000 employees
Donald Trump’s bellicose policies, including new tariffs on steel and aluminium, have raised fears of a worldwide slide into protectionism and trade conflict. The US president’s unilateral and xenophobic approach to trade policy is reprehensible and dangerous from any perspective. But many progressives feel conflicted about Trump’s actions. After all, he is challenging business-friendly trade deals (including the TPP and Nafta) which labour, social and environmental advocates have opposed for years. And while his policies will clearly make life worse for working and poor people in the US, he is nevertheless speaking to their actual experience: unlike free trade defenders, who continue to pretend that the tide of globalisation has lifted all boats. Given Trump’s domination of the debate, progressives need to work quickly to distinguish our critique of globalisation from his. In particular, we must flesh out a vision of trade policy reforms that would genuinely … [Read more...] about Is Trump right about free trade or is there a fair alternative?
The man does not perspire. I discovered that on 12 September, on the island of Saint Martin, a French territory in the Caribbean that had been devastated a few days earlier by Hurricane Irma. Uprooted trees, roofs ripped from houses, streets blocked by mountains of debris: for three hours Emmanuel Macron, president of France, has been walking through what remains of the village of Grand Case in the sweltering, clammy heat amid the strong odour of burst sewage pipes – or in other words, of shit. Everyone accompanying him, including the author of these lines, is dripping with sweat, literally soaked, with large circles under their arms. Not him. Although he hasn’t had a second to change or freshen up, his white shirt with elegantly rolled-up sleeves is impeccable. And so it will remain until late in the night, when the rest of us are exhausted, haggard and reeking, and he’s still as fresh as a daisy, always ready to shake new hands. Every interaction with Macron follows … [Read more...] about Orbiting Jupiter: my week with Emmanuel Macron
Two years ago, GCHQ's annual sports day took place on Wednesday 15 June at the Civil Service Sports Club in London. A mixed six-a-side football tournament was the centrepiece of the day, with matches kicking off at 11am sharp. The event was a jolly for those routinely cooped up in the agency's distinctive doughnut-shaped headquarters in Cheltenham, and they were furnished with six pages of rules and regulations to ensure fair play. "Each team MUST field at least ONE lady player at all times," the note said. "Appropriate footwear shall be worn. No crocs, sandals or flip-flops will be allowed. The wearing of shin-pads is COMPULSORY." Of all the highly classified documents about GCHQ revealed by the whistleblower Edward Snowden, this has to be one of the least sensitive. But it offers a glimpse into the world of the 6,100 people crammed into the open-plan and underground offices at GCHQ; the fact that there is a sports day at all reveals something about the agency which most people … [Read more...] about GCHQ: inside the top secret world of Britain’s biggest spy agency