Displaying items by tag: commerce

Thursday, 24 February 2022 21:09

Ways the UK could shake Putin

For Global Britain to be credible it is time for its architect, Boris Johnson, to intervene with retribution tactics not deterrence. Closing Russia’s embassy and removing their diplomats while removing ours from Moscow would indicate a fundamental shift in the understanding of Russia as not a partner in diplomacy, but a threat to other nations. Russian state outlets in the UK, like Russia Today, spouting propaganda masquerading as journalism, should be shut down immediately to prevent misinformation. Those operating in politics, law, and media while representing Russian state interests should be forced to declare who is paying their bills. Visas should be cancelled and assets of everyone linked to Putin’s regime frozen. Of all the economic sanctions, cutting Putin’s regime off from SWIFT international payment system would remove Russia’s ability to make international transactions, trigger capital outflows and currency instability, and hit buyers of Russian oil and gas.

Published in British Isles
Thursday, 28 January 2021 20:19

India: protests over farm laws

Indian farmers have been protesting against farm acts passed by the parliament last September. Their unions have demanded the laws be repealed, and will accept nothing less. The new acts, which exclude guarantees giving farmers a fair price for their produce, are described as ‘anti-farmer laws’ by the unions and opposition politicians. Since September the protests have become more violent. On 26 November a nationwide general strike by 250 million people took place in support of the farmer unions,and on 30 November 300,000 farmers converged in various places from the Punjab to Delhi. On 26 January tens of thousands violently fought the police, overturned vehicles, and hoisted religious flags from the ramparts of Delhi’s Red Fort. See

Published in Worldwide
Thursday, 23 April 2020 23:28

Barclays - climate plan

Pressure group ShareAction has called on Barclays Bank to ‘phase out’ financing energy companies that are not aligned with the Paris climate accord. Barclays is close to securing qualified investor support for a new action plan on climate change, as they move away from relationships with carbon-polluting companies. In May their shareholders will have the chance to vote on the proposal at their annual general meeting. City sources said that Barclays' alternative resolution would commit it to helping ‘transition’ energy companies towards the Paris goals. One investor briefed on the plan described it as a ‘landmark’ for a major lender. We can pray that other banks will commit to measures that will cause polluting companies to achieve Paris compliance across lending measures, underwriting, corporate finance and all forms of project financing.

Published in British Isles
Thursday, 12 March 2020 21:29

Budget with an eye on coronavirus

Chancellor Rishi Sunak delivered his first Budget in the House of Commons on 11 March. Parts of it appear to have been written at the last minute as coronavirus spreads across the nation. His spending plans include a £5bn emergency response to support the NHS and other public services with statutory sick pay for all who choose to self-isolate, even if they don't have virus symptoms. Benefit claimants will be able to claim sick pay on day one, not after a week, and there is a £500m hardship fund allocated to help vulnerable people. To try to save businesses from liquidation, firms with fewer than 250 staff will be refunded for sick pay payments for two weeks, and small firms will be able to access ‘business interruption’ loans of up to £1.2m. Business rates will be abolished for firms in the retail, leisure and hospitality sectors with a rateable value of less than £51,000.

Published in British Isles
Thursday, 16 May 2019 23:19

Ramadan ‘Iftar’ Kosher meal

A leading Palestinian businessman, Sheikh Ashraf Jabari, served a kosher spread to his Israeli guests at a traditional fast-breaking ‘Iftar’ meal, which Muslims eat during the holy month of Ramadan. He hosted several key Israeli leaders including the Samaria regional council head, a Jewish community leader, and Heather Johnston of the Israel-US Friendship Association, as well as members of the Chamber of Commerce and Industry. Jabari said, ‘This meal is a reinforcement, in the sense that economic-business relationships and the strengthening of relations and friendship lead us all to a more positive place. Breaking the fast together at a joint meal in Hebron clearly symbolises our ability to bridge all gaps.’ The meal is an example of Palestinian business leaders choosing to set aside political issues to focus on improving economic prospects for the Arab sector.

Published in Praise Reports
Thursday, 19 July 2018 22:42

Corruption in Africa

We recently had ‘African Anti-Corruption Day’ ,which recognised the progress made in the fight against corruption and the significant work still left to do. To highlight this point, the African Union (AU) designated 2018 as the year for ‘winning the fight against corruption’. The AU signed several treaties aimed at ensuring democracy, rule of law and good governance. But much more needs to be done. Corruption hampers development and the ability to bring people out of poverty. The continent ranks lowest amongst global regions in corruption perceptions, and the impact cannot be underestimated. 43% of Africans are living in poverty while over 50 billion US dollars’ worth of stolen assets flow out of Africa annually, money that could be invested in jobs and social services, where additional resources are needed most. Transparency International wrote an open letter to the AU highlighting seven areas where it could focus its efforts.

Published in Worldwide
Friday, 02 February 2018 09:21

PM urged to challenge China

Theresa May is currently on a three-day state visit to China, to discuss expanding trade between the two countries. CSW says that while such talks are important, they shouldn’t come at the expense of challenging President Xi on his treatment of Christians. Mrs May’s visit coincides with new restrictions on churches. The government wants all churches to be registered, and to control the appointment of pastors and what they teach. Some Christians simply cannot do that. Christians who are not part of the official, government-sanctioned, church are branded as evil cults. This month in Yunnan Province, six members of an unregistered church were sentenced to up to 13 years in prison for ‘using an evil cult to organise and undermine law enforcement’, and a 500-member church in Shanxi Province was demolished with dynamite.

Published in British Isles