Apart from “foreigner crime” (see the previous WPR report), the other issue that has been dominating the headlines in the German media in the run up to important regional elections on Sunday is the decision of the Finnish mobile phone manufacturer Nokia to shutter a plant in Bochum in North Rhine-Westphalia and to transfer the production capacity to the Romanian city of Cluj. In an interview with the public television network ZDF, the Christian Democratic governor of North Rhine-Westphalia, Jürgen Rüttgers, went so far as to describe Nokia as a kind of “locust”: namely, for having benefited from public subsidies [...]
More than a year ago, the Organization of Petroleum Exporting Countries (OPEC) officially welcomed its newest and 12th member, Angola. Such a move by the cartel is rare. The last time OPEC admitted a country into its ranks was 1975, the year Angola secured its independence from Portugal. What undoubtedly prompted the invitation was the southern African country’s oil reserves, standing at more than nine billion barrels: it is the fourth-largest total in Africa, trailing only Libya, Nigeria and Algeria. In fact, Angola is now the continent’s second-largest producer after Nigeria. It is also a major supplier to China, providing [...]
France, Germany, and the United Kingdom may have new leaders who bring the promise overall of better trans-Atlantic relations, but when it comes to the politics of global trade, some things never change. This month, the European Union missed yet another deadline for correcting its illegal regulation of gene-spliced, or “genetically modified” (GM), crop varieties, following a World Trade Organization decision in November 2005 that some European countries were breaking international trade rules by prohibiting the import of GM foods and crops. Although the WTO bluntly scolded the EU for imposing a moratorium on gene-spliced crop approvals from 1998 to [...]
