Republished with full copyright permissions from The San Francisco Press. The European Union Council recently reached a significant agreement on fishing opportunities for 2024, covering fish stocks managed by the EU in the Atlantic, Kattegat and Skagerrak, as well as the Mediterranean and the Black Sea. Environment, Oceans, and Fisheries Commissioner Virginijus Sinkevičius emphasized the importance of a balanced and responsible agreement, with the goal of preserving fishers’ livelihoods in the long term and promoting stock recovery and healthier stocks. He expressed gratitude to fishers for their dedication to sustainable fishing practices. In the North-East Atlantic, the Council implemented 14 … Continue reading EU Council Agrees on Fishing Opportunities for 2024

Republished with full copyright permissions from The San Francisco Press. As the European Union grapples with imposing sanctions on Russian businesses, a startling trend emerges. Despite repeated restrictions and a growing number of sanctions, the wealthy elite of Russia seem to find new avenues to evade these measures, resulting in unprecedented financial gains. This troubling reality raises serious concerns about the efficacy of sanctions and the challenges faced by the EU in creating a synchronized and impactful approach. An in-depth analysis reveals the intricate strategies employed by Russian oligarchs to circumvent sanctions, with a focus on the enigmatic figure of … Continue reading Circumventing Sanctions: The Unchecked Rise of Russian Oligarchs

Republished with full copyright permissions from The San Francisco Press. The global financial landscape has been abuzz with significant developments across various sectors. From central bank decisions to major investment moves, here’s a roundup of the latest news making waves in the financial world. World Central Banks Signal Victory Over Inflation Is In Sight [WSJ] The recent decisions by the European Central Bank, the Bank of England, and the Federal Reserve to hold interest rates steady reflect a repositioning towards a world where inflation is anticipated to be under control. With the Federal Reserve projecting three interest-rate cuts for 2024, … Continue reading Inflation, Berkshire, Vivendi, China and More

Republished with full copyright permissions from The Washington Daily Chronicle. South Korea is facing a daunting demographic reality as its record-low fertility rate continues to plummet. According to the latest population forecasts from the statistical office, the number of babies expected per woman has dropped to a staggering 0.72 this year and is projected to decrease even further, reaching 0.65 by 2025. These figures paint a troubling picture of the country’s demographic landscape, with South Korea already holding the unenviable title of having the world’s lowest fertility rate at 0.78 as of 2022. The implications of this demographic decline are … Continue reading The Unfolding Demographic Challenge in South Korea

Republished with full copyright permissions from The San Francisco Press. In a significant development, the Council and the EU Parliament have reached a provisional agreement on the establishment of the new European authority for countering money laundering and financing of terrorism (AMLA). This groundbreaking authority, a pivotal aspect of the anti-money laundering package, is designed to safeguard the EU’s financial system and its citizens against the perils of money laundering and terrorist financing. AMLA is poised to exercise both direct and indirect supervisory powers over high-risk obliged entities within the financial sector. Notably, the recent agreement has deferred a decision … Continue reading Milestone in the Fight Against Financial Crime: The Creation of AMLA