1. Rising Rail Fares Boost Support for Renationalization in Britain

    Rising fares and rail ownership by foreign companies fuels British support for renationalization.

    This week, it was announced that rail fares in the United Kingdom will rise 3.5 percent -- more than double the rate of consumer price inflation and six times as fast as the growth in wages. This has led to some head…
  1. Russia Retaliates Against Western Sanctions, Economy on the Brink

    Banning cheap fruit and vegetables from Europe could push the Russian economy over the edge.

    Russia on Wednesday suspended beef and cattle imports from Romania. While it cited an outbreak of mad cow disease in the former Soviet satellite state -- first reported in July -- the timing of the embargo suggests it…
  1. Hungary to Build Russian Pipeline Over European Objections

    Prime Minister Viktor Orbán has no intention of withdrawing Hungary from the construction of Russia’s South Stream pipeline.

    Hungarian prime minister Viktor Orbán said on Tuesday his country will go ahead with the construction of its part of Russia's South Stream gas pipeline, despite objections from other European Union member…
  1. Japan’s Abe Shies Away from Structural Economic Reforms

    The “third arrow” of the Japanese prime minster’s economic reform program underwhelms.

    Japan's prime minister, Shinzō Abe, finally unveiled the "third arrow" of his economic reform program on Tuesday but the measures hardly signified a decidedly more liberal policy. The conservative leader promised to lower Japan's corporate tax rate, currently the highest in…
  1. As Obama Dithers on Keystone, Canada Approves Competing Pipeline

    With China seeking more oil imports to fuel its economy, the Canadians can ill afford to wait for the president to make up his mind.

    While the United States have yet to decide to import more oil from Canada, the conservative government in Ottawa on Tuesday approved a pipeline proposal that would allow more…
  1. By Cutting Gas, Russia Forces Ukraine to Make Painful Choice

    Ukraine must either leave its own citizens in the cold or antagonize the very European countries whose support it needs.

    Russia reduced its natural gas supplies to Ukraine on Monday after negotiations between the two countries over outstanding gas debts collapsed. But Russia continued to send gas down the pipeline for its European customers, forcing Ukraine's government to decide whether to siphon off the gas and antagonize its Western backers or…
  1. Portugal Rejects European Aid to Avoid More Austerity

    Portugal rejects the latest tranche of its bailout program after the supreme court strikes down a series of austerity measures.

    Portugal rejected more financial aid from other European Union member states and the International Monetary Fund on Thursday after its constitutional court struck down a series of austerity measures that were…
  1. Chinese Shopping Spree Raises Strategic Concerns in Israel

    Will foreign, and specifically Chinese, control of key Israeli industries endanger its security or is this a case of “strategic prejudice”?

    Last month, Israel's commissioner for capital markets, insurances and savings indicated that it would not, "at this time," allow a group of Chinese investors to buy control of one of the country's largest insurance corporations, Klal Insurance Ltd.…