Displaying items by tag: Business

Friday, 25 October 2019 09:51

Europe’s arms exports to Saudi Arabia

European countries temporarily halted arms exports to Turkey after its military incursion into Syria. But Europe’s other arms trading partner, Saudi Arabia, has caused deaths or injuries of 18,000 in Yemen, where 24.1 million need humanitarian assistance. Despite these figures, EU countries still have arms deals with the Saudis. The UK only halted arms exports in June after exports licences were found to be unlawful. Saudi Arabia was France's second-biggest weapons client last year: over €1 billion worth, including armoured vehicles used in or near Yemen. Only Spain suspended arms exports to Saudi Arabia, citing ‘use of this type of armament against a civilian population’. Why would EU countries halt arms to Turkey due to conflict, but not to Saudi Arabia for the same reasons? There could be several reasons, but two stand out - business and alliances.

Published in Europe
Thursday, 22 August 2019 23:14

Farming: five facts

1) The fatal accident rate on farms is higher than any other sector. 2) Theft from British farmers hit a seven-year high of £50m in 2018, with a 26% rise in stolen farm vehicles and a 3.7% rise in animal theft. 3) As a result of the crimes, farmers are reporting increased levels of anxiety and isolation. 4) Farmers fear they could go out of business following the post-Brexit trade deal with the USA that is being publicised as a way to boost the UK economy. They need reassurance that their high standards will not drop to compete with US chlorinated chicken, gamma radiation to eliminate microorganisms, and genetically modified crops. 5) Suicide rates in farming are reported to be among the highest of any occupational group, with more than one farmer a week in the UK taking their own life. See also 

Published in British Isles
Thursday, 22 August 2019 22:37

Africa: protecting wildlife and timber

Ending the illegal timber trade in Africa should be the first order of business at the G7 summit (see the article in Europe section). There is no wildlife sustainability when timber traffickers and their powerful backers get away with their crimes. Gambia, Madagascar and Senegal all have new governments, who must take steps against impunity for illegal timber trading. Before any new trade proposals can move forward, these countries must start holding perpetrators of past crimes to account. In the Gambia, US$325 million worth of illegal timber went through its ports from 2010 to 2016. Its former president took advantage of poverty and instability at the border to gain control of the illegal rosewood trade from neighbouring Senegal.

Published in Worldwide
Thursday, 01 August 2019 23:54

Praying into Bank forecast

The Bank of England's quarterly inflation report predicted modest growth in the coming months amid uncertainty over future relationships with Europe, global trade tensions, and worldwide growth slowdown since 2017. Economists are saying, ‘The bank has pulled into a lay-by, got out of the car, and is awaiting clearer indications of influences it cannot control’. Let us pray to the God who controls our destiny; Deuteronomy 28:12 says, ‘The Lord will open the heavens, the storehouse of his bounty, to send rain on your land in season and to bless all the work of your hands. You will lend to many nations but will borrow from none.’ On 1 November, may the UK enter a fruitful season of trade that is blessed by God and aligned to His purposes. Let us ask God to bless businesses with an inspired workforce who embrace opportunities with heaven’s wisdom, so that commerce and industry grow.

Published in British Isles
Thursday, 23 May 2019 22:32

British Steel collapse

As the Government looks for a new owner for British Steel, Liberty Steel has been flagged as a potential buyer, with a clear interest in the Scunthorpe plant. At present 5,000 jobs are at risk: 3,000 at Scunthorpe, another 800 in north-eastern England, and the rest in various sites around the world. The workers’ wages this week have been paid, and the Government will pick up the bill from now on. Pray for the workforce, in Scunthorpe and elsewhere, now in shock; for the families with mortgages on their homes not knowing where their next paycheck will come from; and for local shop owners who rely on steelworkers for their income. Pray for vision, skill, and wise investment in the British steel industry, enabling it to flourish and for jobs to be retained. See

Published in British Isles
Thursday, 26 July 2018 21:16

USA: inequality

The USA has the greatest inequalities, highest mortality rate, most regressive taxes, and largest public subsidies for bankers and billionaires of any developed capitalist country. According to the IRS, billionaire tax evasion amounts to $458 billion dollars in lost public revenues annually. Corporations sheltered over $2.5 trillion dollars in overseas tax havens and they paid no taxes. Bankers earned billions in profits from mortgage foreclosures of working class households through ‘favourable’ legal rulings. Over 20 million individuals lost their properties due to illegal or fraudulent debts. Silicon Valley’s billionaires pay manual and service workers poverty level wages. Class inequalities are reinforced by ethnic divisions. White, Chinese and Indian multi-millionaires exploit Afro-American, Latin American, Vietnamese and Filipino workers. Inequalities are a result of low wages, based on big profits, financial swindles, multi-trillion dollar public handouts and multi-billion-dollar tax evasion.

Published in Worldwide
Friday, 26 January 2018 09:54

Carillion's collapse and venture capitalists

Theresa May attacked executives who risked pension funds, and has set out a plan to defend capitalism from capitalists after the collapse of construction company Carillion plc. Pray for new laws that deal with executives who profit at the expense of workers’ pensions. Pray for an end to the culture that gives big bonuses to individuals who put short-term profit above long-term achievement. Carillion’s failure has prompted a debate about how companies are run, and about how much the Government relies on businesses to provide services. The UK spends £10.3 billion a year servicing public-private contracts of the type awarded to Carillion. Pray for politicians to come out of ‘blame game’ mode and make wise decisions which will move our government contracts and policies away from the Private Finance Initiatives (PFI) that have put millions of pounds into the pockets of venture capitalists.

Published in British Isles
Friday, 05 January 2018 12:22

Post-Brexit farming changes

To grow and prosper, UK agriculture needs to question its approach and thinking. With this in mind, the 2018 farming conference, which ran from 3 to 5 January, was on ‘Embracing Change’. The opportunities for our farming sector are huge, but farmers need to realise what changes must be made - at personal, family and business levels - for the sector to progress. The speakers came from around the world. They shared their approaches to tackling personal and professional adversity under headings of ‘behavioural changes needed within family businesses’ and ‘digital disruption taking British farming into a new realm of possibilities.’ Michael Gove, secretary of state for the environment, spoke of potential post-Brexit farm payments and systems. Farmers can expect change, with a capital C.

Published in British Isles
Friday, 04 August 2017 10:27

Palestinians are breaking with tradition

Palestinian women are scoring a sweet victory against gender discrimination in the West Bank by breaking with tradition and working alongside men at the largest pastry factory in Nablus. They are ignoring prejudices and competing with men for jobs that traditionally belonged to men. However the women only earn half of the amount of the men, even though they have proved to be more competent than the men. Now the factory, supported by women’s rights organisations, plan to provide pastry courses for other women who want to work.

Published in Praise Reports
Friday, 21 July 2017 09:27

Debt - a never-ending battle

The Office for National Statistics (ONS) reports that the proportion of UK residents' disposable income that goes into savings has fallen to a record low. The general secretary of the TUC said, ‘The figures make grim reading. People raiding piggy banks is bad news for working people and the economy.’ With falling wages as living costs rise, many families are running down their savings or relying on credit cards, loans and even foodbanks to get through the month as working households struggle to make ends meet. Vince Cable said, ‘Families are increasingly unable to live within their means or save for the future. Our economy's reliance on consumer spending, propped up by debt, is not sustainable.’ Recently, Moneyfacts said that savers have had a ‘never-ending battle’ to get a decent return on their cash over the past few years, and savings rates are failing to keep pace with the rising cost of living.

Published in British Isles
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