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GiveLife.ca

    
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PRINT EDITION
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Globe Columnists
Friday, December 15




  Eric Reguly
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To The Point



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Israeli minister eyes PM's job - and an 'anti-Iran axis' space
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By ERIC REGULY
Friday, December 15, 2017 – Page A1
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JERUSALEM -- Yisrael Katz, Israel's Intelligence and Transportation Minister, wants Prime Minister Benjamin Netanyahu's job. And if he ever gets it, he would try to launch his country into a novel - and perhaps revolutionary - direction, one that would see a new ''anti-Iran axis'' formed along with Saudi Arabia and other Sunni powers.  FULL STORY arrow
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Palestinians search for allies on Jerusalem issue space
Protests continue against Trump's decision, but Arab nations in Mideast have their own crises
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By ERIC REGULY
Monday, December 11, 2017 – Page A1
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RAMALLAH, WEST BANK -- Visit any government or business office in Ramallah, the Palestinians' commercial and political centre in the West Bank, and you'll see a huge panoramic photo of Jerusalem showing the al-Aqsa Mosque, one of Islam's holiest sights. They consider Jerusalem the capital of their future state.  FULL STORY arrow
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Palestinians protest to mark 'day of rage' space
Fears of a new intifada dissipate as dissent simmers over Donald Trump's decision to recognize Jerusalem as Israeli capital
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By ERIC REGULY
Saturday, December 9, 2017 – Page A3
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JERUSALEM -- Violent protests over U.S. President Donald Trump's recognition of Jerusalem as the Israeli capital have erupted in the Palestinian territories, with reports of hundreds of injuries and at least one fatality, but there was little sign Friday of a sustained Palestinian uprising in the making.  FULL STORY arrow
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Palestinians protest to mark 'day of rage' space
Fears of a new intifada dissipate as dissent simmers over Donald Trump's decision to recognize Jerusalem as Israeli capital
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By ERIC REGULY
Saturday, December 9, 2017 – Page A3
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JERUSALEM -- Violent protests over U.S. President Donald Trump's recognition of Jerusalem as the Israeli capital have erupted in the Palestinian territories, with reports of hundreds of injuries and at least one fatality, but there was little sign Friday of a sustained Palestinian uprising in the making.  FULL STORY arrow
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Protests, violence over Jerusalem decision raise spectre of new intifada space
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By ERIC REGULY
Friday, December 8, 2017 – Page A1
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JERUSALEM -- Mention the second intifada to Israelis and Palestinians and they wince. That intifada - one of the Palestinian uprisings against Israel - started in 2000, lasted almost five years and killed about 3,000 Palestinians and 1,000 Israelis.  FULL STORY arrow
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Israel welcomes U.S. decision as Palestinian leaders call for 'three days of rage' space
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By ERIC REGULY
Thursday, December 7, 2017 – Page A13
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JERUSALEM -- On a cool, rainy Wednesday night in central Jerusalem, the streets were oddly quiet. Even the area in front of the U.S. consulate was largely devoid of protesters. But that was before President Donald Trump announced formally that the United States would recognize Jerusalem as the Israeli capital.  FULL STORY arrow
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Yemen's crisis deepens after Saleh's killing space
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By ERIC REGULY
Wednesday, December 6, 2017 – Page A3
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-- The war in Yemen has moved into the realm of unresolvable as Iran and Saudi Arabia, the two great rival powers of the Middle East, resort to brute force to try to carve up the region.  FULL STORY arrow
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A fight on the farm exposes EU dysfunction space
Herbicide boondoggle threatened Europe's farmers, as politics - not science - dominated the agenda
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By ERIC REGULY
Saturday, December 2, 2017 – Page B4
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-- After the spring election of the pro-Europe French President, Emmanuel Macron, the euro zone's return to steady, if not robust, growth and the end of fears that bailed-out Greece would sink under the Aegean waves, the European project seemed to spring back to life this year, in spite of Brexit.  FULL STORY arrow
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Will realignment in the Middle East lead to rare stability or an eruption? space
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By ERIC REGULY
Saturday, November 25, 2017 – Page F1
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BEIRUT -- Lebanon's newest political crisis began during a routine lunch in Beirut on Nov. 3, when prime minister Saad Hariri was playing host to a visiting French dignitary. Partway through the meal he received a phone call. He vanished shortly thereafter, only to resurface hours later in Riyadh, the Saudi capital. He had apparently told no one he was leaving the country.  FULL STORY arrow
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Lost in the razzle-dazzle of driverless cars: They still pollute and cause congestion space
Politicians, urban planners buy into a new utopia. As for public transit, just visit Beirut to witness transportation dystopia
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By ERIC REGULY
Saturday, November 25, 2017 – Page B4
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BEIRUT -- In my 10 days in Beirut this month, I never once spotted a bus, as least not one that you and I would consider a city-run bus with a set route. Beirut, cosmopolitan and delightful in many ways, is a transportation nightmare. There is no subway, no trams, no bike lanes - just cars, cars, cars.  FULL STORY arrow
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CEO(s) OF THE YEAR space
Meet our bargain-hunting, globe-trotting, skyline-dominating, ruthlessly smart CEOs of the Year. How the five Brookfield bosses have quietly transformed their company into Canada's most successful international player
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By ERIC REGULY
Friday, November 24, 2017 – Page P27
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-- Flatt is the CEO of Brookfield Asset Management, and the Brookfield companies clustered beneath it are London's top office landlords, as well as some of the world's top investors in the burgeoning market for high-return hard assets such as pipelines, hydro dams and toll roads.  FULL STORY arrow
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Confusion reigns in Lebanon as PM delays plans to resign space
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By ERIC REGULY
Thursday, November 23, 2017 – Page A1
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BEIRUT -- Saad Hariri, Lebanon's Prime Minister, returned to home soil after a baffling absence of nearly three weeks only to create more confusion by withholding, at least temporarily, his decision to resign.  FULL STORY arrow
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In Lebanon, an economy built on chaos and crisis space
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By ERIC REGULY
Tuesday, November 21, 2017 – Page B1
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-- It's not easy running a business in Lebanon, and it's about to get even less easy.Since the mysterious resignation of Lebanese Prime Minister Saad alHariri on Nov. 4, in Saudi Arabia, the Lebanese don't even know if they will have a government much longer. He is due back in Beirut by Wednesday, where he will reveal his intentions. Most Lebanese think he will not rescind his resignation, leaving the government without its popular unity leader.  FULL STORY arrow
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In Lebanon, everyone has a favourite Hariri conspiracy theory space
What is certain is the Saudis want the PM out of the political picture, Eric Reguly writes. But if their plan is to ensure the government's destruction, they may have miscalculated
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By ERIC REGULY
Monday, November 20, 2017 – Page A1
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BEIRUT -- At a late Saturday dinner in a smoky bar in central Beirut, where patrons were drinking gin from sleek copper martini glasses, the topic was, of course, Lebanon's ongoing political thriller. Two weeks after the mysterious disappearance of Lebanese Prime Minister Saad alHariri, his fate, and the fate of the suddenly fragile government, were still unknown.  FULL STORY arrow
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Rivalry leaves Lebanon on tenterhooks space
PM's shock resignation brings stark reminder to people in diverse country that they're stuck in the middle of regional power struggle
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By ERIC REGULY
Saturday, November 18, 2017 – Page A4
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BEIRUT -- Enormous posters of Saad al-Hariri, the popular Lebanese Prime Minister who mysteriously vanished two weeks ago, only to surface in Saudi Arabia, hang almost everywhere in central Beirut. Mr. al-Hariri abruptly resigned while in the Saudi capital, but the Lebanese want him back and, by Friday, their man had still not made it home.  FULL STORY arrow
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The Saudi Prince, the Iranian threat - and the drumbeats of war space
The era of Mohammed bin Salman has arrived and all of the Middle East is on edge, trying to guess how he will curtail Iran's expanding influence and what might get damaged along the way
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By ERIC REGULY
Saturday, November 11, 2017 – Page A12
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-- Inside Saudi Arabia, the agenda set out by Mohammed bin Salman, the young Crown Prince, is in motion. After last weekend's sensational purge of princes and government officials, his power seems unchallenged, bolstering his credentials as the man who would modernize a patriarchal society and a sclerotic economy overly dependent on oil.  FULL STORY arrow
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Sicilian vote marks return of Berlusconi space
Alliance formed by four-time Italian PM wins big in contest seen as last test ahead of federal election
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By ERIC REGULY
Thursday, November 9, 2017 – Page A5
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-- The perma-grin, the perma-tan, the swagger and the cheesy charm - Silvio Berlusconi is back and, once again, he's winning votes.The four-time Italian prime minister isn't letting old age - he's 81 - an endless string of sex scandals and a conviction for tax fraud slow him down. Sunday's regional election in Sicily, the last big test before Italy's general election, expected some time between February and April, has thrust Mr. Berlusconi back into the political limelight.  FULL STORY arrow
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Saudi elite swept up in corruption purge space
Crackdown not just a princely power play, but a populist ploy
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By ERIC REGULY
Monday, November 6, 2017 – Page A1
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-- Late on Saturday, the King of Saudi Arabia conferred yet another title on his already powerful son, Crown Prince Mohammed bin Salman - head of a new anti-corruption committee. Hours later, MBS, as he is known in the West, drove a battering ram through the ranks of Saudi royalty, arresting princes major and minor, one of them the country's richest businessmen.  FULL STORY arrow
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Expect Saudis to keep Aramco IPO listing on their home turf space
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By ERIC REGULY
Saturday, November 4, 2017 – Page B4
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LONDON -- The Saudi Aramco initial public offering, potentially the biggest equity sale in stock-market history, has been buffeted by rumours that it will be delayed, shelved, confined to a Saudi listing only or converted into a private placement.  FULL STORY arrow
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The Gulf's buyout king goes where others fear to tread space
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By ERIC REGULY
Saturday, October 28, 2017 – Page B1
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LONDON -- In 2008, when Hezbollah fighters seized control of much of western Beirut, the employees of Spinneys supermarket feared street fighting would wreck their outlets.Phone calls were placed to the owner of the supermarkets, the AbrAj Group of Dubai. ''The employees asked, ''What should we do?' '' says Arif Masood Naqvi, AbrAj's founder and chief executive.  FULL STORY arrow
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Trump's win in Bombardier dispute is Boeing's loss space
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By ERIC REGULY
Saturday, October 21, 2017 – Page B7
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LONDON -- Watch for it. Any day now, Donald Trump will take to Twitter to announce the ''great'' news that he has created manufacturing jobs in Alabama, where Airbus is to build the American version of Bombardier's C Series jet.  FULL STORY arrow
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How Airbus landed the C Series space
Bombardier resumed talks with the European plane maker after examining three other options
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By NICOLAS VAN PRAET, ANDREW WILLIS, DANIEL LEBLANC, ERIC REGULY
Wednesday, October 18, 2017 – Page B1
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-- Bombardier Inc. was pushed into the hands of Airbus SE after holding talks with Chinese investors that went nowhere and being sued by Boeing Co., which the company had earlier approached to partner on the C Series airliner.  FULL STORY arrow
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For Airbus, the Bombardier deal is money for nothing - and it gets the C Series for free space
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By ERIC REGULY
Wednesday, October 18, 2017 – Page B4
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LONDON -- You've got to hand it to the brilliant, Machiavellian minds at Airbus.In one fell swoop, like an eagle descending on a dove, Airbus Group SE has seized the world's most technologically advanced small passenger jet, the Bombardier C Series, for nothing - as in zero, zilch, nada - even though Bombardier Inc., with a little help from its government friends, had sunk about $6-billion (U.S.) into developing the product. In doing so, Airbus has neutered a potentially strong competitor and dealt a blow to arch-rival Boeing Co., which does not have a plane that can compete with the C Series.  FULL STORY arrow
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The wave of Big Agriculture mergers needs to be monitored space
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By ERIC REGULY
Saturday, October 14, 2017 – Page B4
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ROME -- Who will feed us?That was the question asked on Friday in Rome at a United Nations panel on Big Agriculture as mega-mergers reshape the industry. Even as the panelists were speaking about the potential threats of massive consolidation, Germany's BASF, the world's top chemicals company, announced a deal to pay $7-billion (U.S.) for big chunks of rival Bayer's seeds and herbicide business.  FULL STORY arrow
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Is Europe's airline industry in crisis? space
Investors will cheer as the continent's carriers consolidate, but it could spell the end of cheap air travel
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By ERIC REGULY
Thursday, October 12, 2017 – Page B12
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-- The world's most competitive airline market - Europe - just got a little less competitive.That's good news for airline investors, bad news for airline customers.The collapse last week of Britain's Monarch Airlines followed the bankruptcy filings of two other big-name carriers - Alitalia and Air Berlin.  FULL STORY arrow
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Another victory for Boeing but the real loser is the taxpayer space
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By ERIC REGULY
Saturday, October 7, 2017 – Page B4
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-- Boeing, Airbus and Bombardier - the top three aerospace companies - are failures. They cannot survive on their own, never have, never will. Taxpayers are always on the hook, often lavishly so, and they can't ever win. Capitalism at its finest, they are not.  FULL STORY arrow
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Dyson faces an uphill battle in taking on Tesla space
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By ERIC REGULY
Wednesday, October 4, 2017 – Page B2
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-- James Dyson's tilt at Tesla Inc. might not be as far-fetched as it seems, at least to the casual eye.The British inventor became a billionaire by taking household products - the vacuum cleaner, the hand dryer, the fan - and reinventing them to make them easier to use, quieter, more efficient and stylish, if not cheaper.  FULL STORY arrow
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Women driving is only the start for Saudi Arabia space
Lifting the ban isn't just about righting an old wrong - it's a big step in the reinvention of the economy
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By ERIC REGULY
Saturday, September 30, 2017 – Page B3
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ROME -- Three years ago, I travelled from western Saudi Arabia to Al-Khobar, in the country's wealthy Eastern Province, to interview some oilmen. Al-Khobar and the sprawling city next to it, Dhahran, lie next to the Persian Gulf and are home to Saudi Aramco, the world's biggest oil company and the country's biggest employer. In effect, they are company towns on a grand scale.  FULL STORY arrow
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Death by Amazon space
Value investors say the battered retail sector has bottomed out, but they're missing the big picture. Powerful forces have changed the way we shop, and there's no going back
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By ERIC REGULY
Friday, September 29, 2017 – Page P20
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-- A friend of mine who runs a private equity shop in Toronto has a problem. His fund owns a medium-sized retail footwear chain that is making profits. He and his partners want to unload it but can't find any buyers willing to offer a non-giveaway price (he did not want the store's name publicized for fear of looking like a desperate seller). That's because traditional retailing is dying, he says, and the sell-off might just be getting started.  FULL STORY arrow
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Bombardier's rail loss boils down to geopolitics space
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By ERIC REGULY
Thursday, September 28, 2017 – Page B4
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ROME -- Bombardier's PR whizzes pulled the oldest trick in the book on Tuesday night, when they realized they had to say something, however bland, on the blockbuster merger of Alstom SA of France and the rail division of Germany's Siemens AG, creating the world's secondlargest train maker. They made a virtue of a necessity.  FULL STORY arrow
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European rail deal presses Bombardier space
Merger of Siemens, Alstom train units narrows strategic options of Canadian aerospace firm's transportation wing
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By ERIC REGULY, NICOLAS VAN PRAET
Wednesday, September 27, 2017 – Page B1
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ROME, MONTREAL -- A rail version of Europe's Airbus has been born and will put enormous pressure on Bombardier Inc.'s train division.Directors at Siemens AG of Germany signed off on a deal Tuesday to merge its train unit with that of France's Alstom SA, creating what will be Europe's dominant rail business, with combined annual sales of about 15.3-billion ($22.3-billion).  FULL STORY arrow
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Merkel victory marred by rise of Germany's far-right party space
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By ERIC REGULY
Monday, September 25, 2017 – Page A1
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BERLIN -- Angela Merkel secured her fourth term as German chancellor but her victory was marred by a huge fall in her party's vote and the astounding rise of an extreme right-wing party whose nationalistic members have vowed to ''hunt'' Ms. Merkel in parliament.  FULL STORY arrow
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Why Merkel's CDU is winning the youth vote space
Despite traditionally leaning toward the centre-left SPD, young voters are increasingly looking to their Mutti in the next election
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By ERIC REGULY
Saturday, September 23, 2017 – Page A13
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BERLIN -- The youth office in the headquarters of the Social Democratic Party in central Berlin - known as Willy Brandt Haus, after the late SPD chancellor and Nobel Peace Prize winner - was not a happy place in the week before Germany's federal election.  FULL STORY arrow
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In Florence, May preaches to the never-converted space
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By ERIC REGULY
Saturday, September 23, 2017 – Page B3
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BERLIN -- Most Germans are genuinely perplexed by Brexit. They think the Brits are victims of collective insanity.Didn't they have the best of all worlds? They had their own currency and were not in Schengen, the passport-free zone that covers 26 European countries. They had various opt-outs from European Union treaties, such as the Charter of Fundamental Rights.  FULL STORY arrow
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How Germany's right-wing AfD party emerged from the sidelines space
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By ERIC REGULY
Thursday, September 21, 2017 – Page A1
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BERLIN -- Christian Von Hoffmeister rarely voted in German elections because he felt no party was sympathetic to his views that Muslims were incapable of integrating into society. That changed a couple of years ago when the Alternative for Germany (AfD) party quickly evolved from a Euroskeptic party of minor appeal to the voice of the anti-immigrant right.  FULL STORY arrow
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Germany crumbles even as it boasts rock-solid finances space
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By ERIC REGULY
Wednesday, September 20, 2017 – Page B7
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-- Germany may be the global byword for efficiency and business success, but you wouldn't know that from the country's infrastructure: Much of it makes Italy's look robust, and some politicians are finally starting to take notice on their way to the polls Sunday.  FULL STORY arrow
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U.K. cites Xiao in report on Hong Kong space
Apparent abduction of Chinese-Canadian billionaire is example of eroding freedoms in ex-British colony, Foreign Secretary writes
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By ERIC REGULY
Monday, September 18, 2017 – Page A6
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LONDON -- The British government has cited the apparent abduction of Chinese-Canadian billionaire Xiao Jianhua in a new report that highlights concerns about potential abuses of human rights and freedoms in Hong Kong, the semi-autonomous former British colony.  FULL STORY arrow
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Qatar is feeling serious pain from the Saudi blockade space
Britain, which receives large amounts of foreign investment from Qatar, is getting nervous as the dispute drags on between Persian Gulf countries
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By ERIC REGULY
Monday, September 18, 2017 – Page B4
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LONDON -- Qatar has the highest per-capita income on the planet. Its monarchy government is flush with cash and its global investment portfolio is studded with trophy assets, including London's Canary Wharf and the Paris Saint-Germain soccer team, which just bought Brazilian superstar Neymar for an astounding 222-million ($323-million).  FULL STORY arrow
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The KPMG embarrassment proves auditing needs a shakeup space
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By ERIC REGULY
Saturday, September 16, 2017 – Page B1
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LONDON -- The often cozy - sometimes way too cozy - relationship between auditors and their clients was put on humiliating public display Friday, when the fallout from the Bell Pottinger PR scandal in South Africa hit the local arm of KPMG, one of the world's Big Four auditing firms.  FULL STORY arrow
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Why we should care about the lacklustre German election space
Achtung! What happens on Sept. 24 will have long-lasting implications for democracy and liberal values, writes Eric Reguly
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By ERIC REGULY
Saturday, September 9, 2017 – Page F1
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-- Germans go to the polls on Sept. 24 after a campaign that failed to stir the soul inside or outside of Germany. Chancellor and Christian Democratic Union (CDU) leader Angela Merkel, seeking her fourth term, has played it safe, solidifying her hold on the middle ground as she deftly pinched bits of territory from the parties on her left and right flanks.  FULL STORY arrow
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U.K. firm's collapse a lesson for PR industry space
Bell Pottinger's self-inflicted wounds stem from not following the type of crisis-management advice that such companies dispense
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By ERIC REGULY
Saturday, September 9, 2017 – Page B2
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ROME -- In early 2014, I received a phone call from Tim Bell - by then Lord Bell - the London PR guru who is still best known as the spin-doctor genius who helped to propel Maggie Thatcher to three election victories and later cofounded the London PR firm Bell Pottinger. Mr. Bell had invited me to interview Dmitry Firtash, the billionaire Ukrainian oligarch who had landed in a spot of trouble with the law, and spent half an hour or so giving me some background on the man.  FULL STORY arrow
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How Trump's tax plan might be weighing on the ECB space
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By ERIC REGULY
Friday, September 8, 2017 – Page B4
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ROME -- The Americans are doing it.The Canadians are doing it.Why not the Europeans?The United States and Canada are raising interest rates - the Bank of Canada did so again on Wednesday, fully reversing the cuts of 2015. At the same time, the U.S. Federal Reserve is now examining ways of selling the massive amounts of bonds it acquired under the quantitativeeasing (QE) program.  FULL STORY arrow
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Bayer, Monsanto tie-up sows seeds of discord for competition space
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By ERIC REGULY
Saturday, September 2, 2017 – Page B1
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-- In late July, Werner Baumann, chief executive of German chemicals, life sciences and pesticides giant Bayer AG, was full of confidence. Bayer's $66-billion (U.S.) takeover of Monsanto Co., the United States' leading agricultural chemicals and seeds company, was in the bag, he told analysts on a conference call.  FULL STORY arrow
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ECB has no easy path out of quantitative easing space
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By ERIC REGULY
Saturday, September 2, 2017 – Page B2
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-- If quantitative easing - the mass buying of bonds and other financial assets - is good for the economy and for investors, if follows that the withdrawal of quantitative easing is bad for them.  FULL STORY arrow
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Rich and desperate space
Saudi Arabia wants to diversify away from oil, funding the shift with a massive oil company IPO. But oil prices have already cratered-and it may be too late
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By ERIC REGULY
Friday, August 25, 2017 – Page P20
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-- Less than 50 years ago, Saudi Arabia was a still a poor desert country. It changed virtually overnight in 1973, when the Saudis led the oil embargo against the United States and other countries that had supported Israel in the Yom Kippur War. Oil prices quadrupled, the petrodollars rolled in, and Saudis lunged for a piece of the golden pie.  FULL STORY arrow
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Conservation the key to putting a lid on global warming space
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By ERIC REGULY
Saturday, July 15, 2017 – Page B4
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ROME -- The string of announcements would have you think the clean-energy revolution has finally arrived.Tesla, the leader in all-electric cars, begins deliveries this month of their first mass-market machine, the $35,000 (U.S.)  FULL STORY arrow
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Trade pacts need an overhaul - why not start with EU-Japan deal? space
Global leaders champion the deal even as the U.S. backs away from free trade, but pushing too fast risks a weak agreement, giving Trump the last laugh
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By ERIC REGULY
Wednesday, July 12, 2017 – Page B4
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ROME -- On the eve of the Group of 20 summit in Hamburg, the European Union and Japan, figuratively speaking, raised their right arms and extended their middle fingers in the general direction of Donald Trump.  FULL STORY arrow
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Why the G20 is needed more than ever space
As Trump leads the United States into increasing isolation, the rest of the world must have forums to meet and fill the vacuum
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By ERIC REGULY
Monday, July 10, 2017 – Page A4
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ROME -- The Group of 20 is such a flawed beast that it should be put out of its misery. The latest G20 summit, in Hamburg, where Donald Trump - surprise! - wrecked any sense of unity, seems to support the argument that the G20 and the smaller, richer club of countries, the G7, have reached the point of uselessness, even farce.  FULL STORY arrow
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Volvo scores PR coup from the back seat space
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By ERIC REGULY
Saturday, July 8, 2017 – Page B4
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-- Volvos were never big sellers, but they always had a loyal following. For decades, they were known as the safe-but-bland Swedish cars that would get you home in one piece. They were loved by middle-aged professors and dentists in tweed jackets who lived in Vermont and Stockholm. Young men cruising the strip wouldn't be caught dead in the plodding, boxy machines.  FULL STORY arrow
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Trump vs. Merkel: Who will triumph at G20? space
It's an open question whether the summit will be sabotaged by 'America First' or saved by the German Chancellor's liberal views
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By ERIC REGULY
Friday, July 7, 2017 – Page A4
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-- Germany was inviting trouble by choosing to host this weekend's Group of 20 summit in Hamburg. Since the violent G7 summit (then the G8) in Genoa in 2001, when thousands of antiglobalization protesters clashed with police, almost all G7 and G20 summits have been held in small towns, where the access roads could be easily blocked.  FULL STORY arrow
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Italy overwhelmed by migrant influx space
EU aid plan falls short of what the country had hoped would address surge of new arrivals and the closing of Austria's border
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By ERIC REGULY
Thursday, July 6, 2017 – Page A10
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ROME -- Italy has turned into a migrants' trap.Tens of thousands of African migrants are landing in southern Italy. Few want to stay in a country with limited job opportunities - Germany and Scandinavia have better prospects - but the northern route is all but blocked. This week, Austria announced it would send armoured cars and 750 troops to its Italian border to stop migrants travelling through the Brenner Pass, the alpine route between Austria and Italy.  FULL STORY arrow
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A new drug deal space
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By ERIC REGULY
Saturday, July 1, 2017 – Page B12
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-- We have a budding global corporate champion that thousands of Canadians walk through every day, completely oblivious to its star potential.It's the University of Toronto.The school and the laboratories and research hospitals that feed off it form one of the world's greatest life sciences clusters. U of T alone has one of the continent's largest medical schools and produces more peer-reviewed research papers than any other medical centre, according to the Canadian Trade Commissioner Service. Too bad all this talent and investment has not spawned a proper industry.  FULL STORY arrow
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Note to Brexiters: The EU is back space
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By ERIC REGULY
Saturday, July 1, 2017 – Page B4
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ROME -- The European Union is a dysfunctional beast. It is undemocratic. It is obsessed with regulations that are either ignored or drive businesses mad. It is not growing and the euro's one-size-fits-all approach is patently unworkable in such diverse countries. Its regulatory institutions are weak. The banking union is going nowhere.  FULL STORY arrow
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CHILD-ABUSE SCANDAL ROCKS VATICAN AS CHARGES LAID AGAINST CARDINAL PELL space
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By ERIC REGULY
Friday, June 30, 2017 – Page A1
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ROME -- Not long ago, Cardinal George Pell of Australia was being talked up by Vatican cardinals as a potential successor to Pope Francis. Today, he is best known as the highest-ranking prelate, and only Vatican insider, to face criminal charges for sex offences in the Catholic Church's seemingly endless child-abuse scandals.  FULL STORY arrow
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Scary monsters space
The so-called FANG tech giants are building some of the largest monopolies we've seen. Rising prices are next
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By ERIC REGULY
Friday, June 30, 2017 – Page P19
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-- The largest ransomware attack in history came in May and shut down more than 300,000 computers around the world, including those used by FedEx, Britain's National Health Service and the Russian Interior Ministry. The so-called WannaCry outbreak hit devices that used old versions of Microsoft Windows, especially the XP edition, highlighting the danger of using systems that lack the latest security updates. It was also a glaring and frightening example of the dangers of monopolies.  FULL STORY arrow
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Parliamentary sweep strengthens Macron space
French President now has power to enact his reform program, but low voter turnout hints that he still faces significant opposition
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By ERIC REGULY
Monday, June 19, 2017 – Page A6
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ROME -- France's Emmanuel Macron was a complete unknown three years ago. Today, after his win in the May presidential elections and his party's parliamentary sweep on Sunday night, he and the centrist political movement he launched - Republique En Marche (Republic on the Move) - can lay claim to political prodigy status.  FULL STORY arrow
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Turmoil at Uber could mark turning point for tech sector space
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By ERIC REGULY
Saturday, June 17, 2017 – Page B1
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-- I am happy that Uber is still around and expanding. A lot of businesses are net transfers of wealth from the unrich to the rich, such as banks and their endless fees, paid by you and me to keep bank shareholders happy.  FULL STORY arrow
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Canada, a climate hero? It's far too soon to say space
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By ERIC REGULY
Thursday, June 15, 2017 – Page B6
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ROME -- Since Justin Trudeau became Prime Minister two years ago, Canada has been trying to rebuild its credibility on the climatechange file. Canada gave the 2015 Paris Agreement back-slapping support and has vowed to stay put even though its largest trading partner, the United States, has bolted in a cloud of coal soot.  FULL STORY arrow
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Glencore Agri seen taking new steps to winning grain giant space
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By ERIC REGULY
Tuesday, June 13, 2017 – Page B1
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ROME -- Bunge Ltd.'s cool response to takeover interest from Glencore Agriculture, a Swiss-Canadian company whose ambition is to become one of the world's biggest grain traders, should not be interpreted as pulling up the drawbridge.  FULL STORY arrow
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Britain's position is weakened just as Brexit talks to begin space
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By ERIC REGULY
Saturday, June 10, 2017 – Page A4
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-- The brutality of British politics has again proved delicious. It has also proved messy - the Brexit file is now in a shambles.In the year since she replaced the hapless David Cameron, Prime Minister Theresa May has made zero progress in delivering Brexit or even defining precisely what it would look like when it comes into place. The outcome of the cynical and unnecessary election she called has actually piled another layer of uncertainty on the Brexit negotiations, which are to start in a week.  FULL STORY arrow
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Can Qatar endure the economic blockade? space
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By ERIC REGULY
Thursday, June 8, 2017 – Page B1
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EUROPEAN BUREAU CHIEF ROME -- The images apparently showed a country in near panic. Supermarket shelves were empty, the airports in chaos and the borders jammed with cars. Invasion or natural disaster?The country is Qatar and it is the victim of neither. Instead, a diplomatic and economic boycott - a blockade, in effect - is under way. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed ties with Qatar on Monday and Qataris rushed to the supermarkets to stock up on food and water. The borders were jammed because the countries behind the boycott ordered Qatari diplomats and citizens to leave.  FULL STORY arrow
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Brexit blues: For U.K. winner, a soft economy space
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By ERIC REGULY
Wednesday, June 7, 2017 – Page B1
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ROME -- Who wants to be shackled to a static economy?That was the question asked early last year by Britain's proBrexit crowd. The European Union was trapped in a seemingly bottomless pit of low growth, high unemployment and crushing debt. Let's free ourselves of the EU and thrive! The argument helped secure Brexit in last year's referendum; look how the tables have turned.  FULL STORY arrow
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BA's meltdown a symptom of wealth divide in air travel space
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By ERIC REGULY
Saturday, June 3, 2017 – Page B4
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-- There was a time when British Airways, the carrier that left 75,000 passengers stranded last weekend after a computer meltdown, carried elite status. In sober blue and white livery, it was the airline of Britain's lost empire, capable of delivering passengers in style to the bits of the planet that were coloured pink in the imperial maps. It was the airline you flew to Rome or Marrakesh if you wanted your upscale holiday to start at the boarding gate. BA was (and remains) the Royal Family's go-to airline.  FULL STORY arrow
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Paris Agreement could soon become the walking dead space
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By ERIC REGULY
Friday, June 2, 2017 – Page B4
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ROME -- The lobbying power of Pope Francis, six of the Group of Seven leaders and the CEOs of some of the world's biggest companies failed to do the trick. They all begged Donald Trump to stick with the Paris climate agreement.  FULL STORY arrow
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Europe-U.S. rift develops after a tense, Trump-filled G7 summit space
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By ERIC REGULY
Monday, May 29, 2017 – Page A1
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EUROPEAN BUREAU CHIEF TAORMINA, ITALY .. -- The transatlantic friendship that has seen Europe and the United States forge alliances on everything from defence and culture to trade and climate change since the Second World War seems to be unravelling.  FULL STORY arrow
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G7 discord killing hopes for migrant relief space
Security and terrorism issues dominate summit in Sicily, leaving little room to discuss migration problems many countries face
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By ERIC REGULY
Saturday, May 27, 2017 – Page A6
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TAORMINA, ITALY -- The Italian hosts of the Group of Seven summit did not choose Taormina, Sicily, as the G7 site just because nature and history had made it a pocketsized heaven on Earth. They chose it also because it has a front-row seat to one of the greatest humanitarian tragedies of the decade - the too-oftenfatal migrant crossings across the Mediterranean from North Africa.  FULL STORY arrow
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At G7, nervous Italy plays host to newbies - including an unpredictable Trump space
Leaders likely to press U.S. President for answers on Paris climate agreement, with terrorism and migrants also high on the agenda, Eric Reguly writes from Taormina
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By ERIC REGULY
Friday, May 26, 2017 – Page A8
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-- The Italian hosts of the Group of Seven leaders summit, in this idyllic Sicilian resort town, are nervous, and you can understand why. Four of the seven leaders are G7 newbies and one of them, U.S. President Donald Trump, is unpredictable and could wreck their consensus-building agenda.  FULL STORY arrow
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Highway (back) to hell space
As driverless cars overrun cities, we could be returning to the destructive auto addiction of the 1950s and '60s
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By ERIC REGULY
Friday, May 26, 2017 – Page A21
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-- In my mind, the model city of the 21st century is Venice. It is a city on a human scale, where you walk without fear of being flattened by a truck, talk on the streets without raising your voice and breathe without ingesting fumes from gasoline or diesel, because there are no cars.  FULL STORY arrow
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Trump family pays Pope a visit space
President and Francis hold private talks and exchange gifts as onlookers express skepticism over the men finding common ground
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By ERIC REGULY
Thursday, May 25, 2017 – Page A4
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-- Christian pilgrims amassed in St. Peter's Square on Wednesday morning received a double treat in the form of huge video images of U.S. President Donald Trump meeting Pope Francis for the first time, followed by the Pope himself holding his regular, open-air prayer session in the square.  FULL STORY arrow
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Ford's middle-of-the road strategy is not working space
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By ERIC REGULY
Wednesday, May 24, 2017 – Page B4
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ROME -- Mark Fields, the ousted chief executive officer of Ford Motor, did nothing wrong even if he did not do a lot right. What ended his career was being stuck in the middle of the road. Ford was neither a Tesla nor a traditional car company that steered clear of unproven technologies that might prove to be fads. It was somewhere in between, its strategy undefined.  FULL STORY arrow
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How to sell climate change to Trump: Jobs, jobs - and tech space
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By ERIC REGULY
Tuesday, May 23, 2017 – Page A4
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ROME -- If you believe in miracles, pray for one when Donald Trump meets Pope Francis at the Vatican on Wednesday, two days before the U.S. President is to make his maiden appearance at a Group of Seven summit, in Sicily.  FULL STORY arrow
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Italy's potential downfall could prove fatal to EU space
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By ERIC REGULY
Saturday, May 20, 2017 – Page B4
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RIMINI, ITALY -- Which country is deeper in the hole, Greece or Italy?Obviously Greece - the country has been in near recession or depression since the 2008 financial crisis.But extend the measurement period and it is Italy that emerges as the dud economy. Between 1998 and 2016, real gross domestic product per person in Greece rose more than 3 per cent, suggesting the poster child of the European debt and economic crisis is still wealthier now than it was two decades ago - as incredible as that sounds. Italy? Real GDP per person is actually down 0.4 per cent since 1998, making it the big loser among the 19 European Union countries that use the euro.  FULL STORY arrow
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Home Capital risk contained, Poloz says space
Bank of Canada Governor says sharp rise in housing prices and the potential effect on the financial system is a larger concern
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By ERIC REGULY
Monday, May 15, 2017 – Page A1
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BARI, ITALY -- Breaking his silence on Home Capital, Bank of Canada Governor Stephen Poloz said the mortgage lender's problems are contained but the sharp rise in house prices and their potential effects on the financial system have emerged as a primary concern.  FULL STORY arrow
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'Mini G7': Who's hot and who's not space
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By ERIC REGULY
Saturday, May 13, 2017 – Page B4
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-- One of the joys of watching a Group of Seven meeting is determining who's hot, who's not, who's up and who's down. It's all good sport and, this year, at the mini G7 of finance ministers and central bankers, some of yesterday's losers are today's winners.  FULL STORY arrow
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Beaudoin is moving down - he should be moving out space
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By ERIC REGULY
Friday, May 12, 2017 – Page B1
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ROME -- Companies run by families often operate as if they have a genetic right to ensure their DNA infuses the executive ranks forever. Once in a while, their offspring add value. More often than not, they fail to do so, yet the kids stay in power while shareholders pray for miracles.  FULL STORY arrow
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Macron's big win doesn't mean European populism is dead space
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By ERIC REGULY
Tuesday, May 9, 2017 – Page B4
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-- Europe's risk profile dropped a notch or two on Sunday night, when Emmanuel Macron won the French presidential election. But it did not disappear. To declare populism dying or dead is wildly premature.  FULL STORY arrow
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Macron isn't Merkel's lap dog in waiting space
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By ERIC REGULY
Saturday, May 6, 2017 – Page B4
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ROME -- Emmanuel Macron was judged the winner of the French TV debate on Wednesday, the last before Sunday's presidential runoff vote, but his opponent Marine Le Pen did manage to fire off a few zingers. Her best line?  FULL STORY arrow
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Backed by Canadian pension funds, a giant of global agriculture rises space
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By ERIC REGULY
Thursday, May 4, 2017 – Page B1
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-- We could be in a movie set for a Western shot in Utah.Before us is a near-vertical mountain of what looks like sandstone.With its sharp ridges and peaks, the yellow-brown pile just needs a fire pit at its base to look like a cowboy camp at dusk.  FULL STORY arrow
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Basic income: opiate of the masses, not a sustainable solution space
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By ERIC REGULY
Saturday, April 29, 2017 – Page B4
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ROME -- If a group of undiluted communists and capitalists were to join forces and concoct a recipe for a utopian society, they might produce a socioeconomic system anchored by a basic, or guaranteed, annual income.  FULL STORY arrow
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Too clever for comfort space
As the smart devices of the Internet of Things invade your home, hackers, hucksters and Big Brother are close behind
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By ERIC REGULY
Friday, April 28, 2017 – Page P21
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-- I''ve always been a fan of useless gadgets. High on my list were pizza scissors, the smartphone case that doubles as a hairbrush, and a battery-powered, swirling spaghetti fork. Lately, thanks to the Internet of Things--loosely defined as everyday devices linked to the Internet, thereby making them smart--I'm spoiled for choice.  FULL STORY arrow
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Le Pen's attack on globalization ensures she stays a political force space
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By ERIC REGULY
Tuesday, April 25, 2017 – Page B4
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PARIS -- Marine Le Pen of the National Front almost certainly will not win the run-off election next month against Emmanuel Macron. Mr. Macron, of the centrist En Marche! party, is headed to a coronation even though Ms. Le Pen came a close second in Sunday's first-round presidential vote.  FULL STORY arrow
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Macron, Le Pen to face off in final French vote space
Centrist ex-banker comes out on top in first round of election and is now clear front-runner to defeat National Front leader
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By PAUL WALDIE, ERIC REGULY
Monday, April 24, 2017 – Page A1
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PARIS -- French voters have handed the European Union a badly needed boost, making centrist Emmanuel Macron the favourite to become the country's next president and forcing the far right anti-globalist National Front to regroup.  FULL STORY arrow
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FEELING FORGOTTEN, AND LURCHING TO THE RIGHT space
The ongoing decimation of industrial jobs is convincing many French workers and young people to overlook Marine Le Pen's xenophobia - and throw their support to the once-fringe National Front. Eric Reguly reports
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By ERIC REGULY
Saturday, April 22, 2017 – Page F3
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AMIENS, FRANCE -- The industrial site now occupied here by Whirlpool, the American home-appliances maker, has been a remarkable survivor.Its 17 hectares of factory buildings and loading docks on the River Somme in Amiens, in northeast France, began life in 1910 as an agricultural-equipment factory. It somehow made it through the First World War, whose bloodiest battlefields lay not far away, the Great Depression and the Second World War, later transforming itself into a maker of clothes dryers.  FULL STORY arrow
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EU on edge as Le Pen rallies her support space
Far-right leader could be one of two candidates emerging victorious in the first round of the presidential election. While the European Union might survive Brexit, the loss of France as well would be a huge blow
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By ERIC REGULY
Thursday, April 20, 2017 – Page A1
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PARIS -- Marine Le Pen and the party she leads, France's xenophobic and fiercely anti-EU National Front (FN), have never been so close to power. In three days, she stands to become one of two candidates to emerge victorious in the first round of the presidential election.  FULL STORY arrow
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Don't be distracted by Britain's snap election space
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By ERIC REGULY
Thursday, April 20, 2017 – Page B4
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PARIS -- Shame on us, the media, for not figuring out weeks or months ago that British Prime Minister Theresa May would call a snap election this year. Why wouldn't she be opportunistic?  FULL STORY arrow
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It's time to call in the oligopoly busters space
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By ERIC REGULY
Saturday, April 15, 2017 – Page B1
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ROME -- I hope David Dao, the 69-yearold doctor dragged off the United Airlines flight screaming and bleeding, his nose and teeth smashed, will win millions in compensation - he is planning to sue the company.  FULL STORY arrow
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Bombardier shares jump on news of rail merger talks space
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By ERIC REGULY
Wednesday, April 12, 2017 – Page B1
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ROME -- A new report that Bombardier Inc. is in talks to merge its vast trains operations with those of a rival drove the Canadian company's shares up and revived speculation that the train industry is on the verge of consolidation to cure overcapacity problems.  FULL STORY arrow
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Why French bond markets may be headed for big trouble space
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By ERIC REGULY
Wednesday, April 12, 2017 – Page B4
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ROME -- The European bond markets are getting the message. The French election is turning into a tight, four-way race - a cliffhanger - and two of the four leading candidates have no love for the European project.  FULL STORY arrow
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Le Pen waves adieu to fake populist Trump space
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By ERIC REGULY
Saturday, April 8, 2017 – Page B4
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ROME -- Marine Le Pen, the electionbound Leader of France's National Front, was thrilled when Donald Trump took the White House. The Americans had woken up, she said, predicting the Europeans ''will wake up,'' too, in 2017.  FULL STORY arrow
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Deadly earthquake strikes L'Aquila, Italy space
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By ERIC REGULY
Thursday, April 6, 2017 – Page A2
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-- April 6, 2009 Eight years after the devastating earthquake that struck L'Aquila in the mountainous Abruzzo region (about 100 kilometres east of Rome) and killed 309 residents, 55 of them students, the city remains a ghost town.  FULL STORY arrow
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Britain is leaving the EU - and jobs will follow space
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By ERIC REGULY
Saturday, April 1, 2017 – Page B4
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ROME -- On Thursday, the day after British Prime Minister Theresa May sent her goodbye letter to the European Union, J. K. Rowling used a slapstick tweet to conjure up an image that the anti-Brexiters no doubt adored. ''Happy Boxing Brexit Day! The name derives from a ritual dance in which we skip around a burning bus while punching ourselves in the face.''  FULL STORY arrow
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Dirty deeds space
Many of Donald Trump's wars and crusades could be quickly reversed, but not the environmental damage from reviving the coal industry
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By ERIC REGULY
Friday, March 31, 2017 – Page P23
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-- In the late 1970s, fresh out of high school and keen to finance a university degree, I spent a year in mining camps in Northern Ontario and Northern Manitoba. I remember great heaping portions of potatoes and steak in the mess halls, shower water that ran yellow with sulphur, and armies of young men. In those days, mining was back-breaking work that required lots of employees doing lots of walking, shovelling, pushing, drilling, driving and fixing.  FULL STORY arrow
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ITALY'S POPULAR POPULISTS space
Beppe Grillo's anti-establishment, Euroskeptic Five Star Movement is leading the polls and draws support from the entire political spectrum. Eric Reguly explores what makes it a hit with Italian voters
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By ERIC REGULY
Monday, March 27, 2017 – Page A8
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LIVORNO, ITALY -- Beppe Grillo, leader of Italy's populist, Euroskeptic Five Star Movement, was not spotted anywhere near the European Union's 60th-anniversary celebrations in Rome on Saturday, which was attended by 27 EU leaders. But there is no doubt his presence was felt as some of the leaders tallied up the threats to the union's integrity, ranging from immigration and youth unemployment crises to the rise of populist parties.  FULL STORY arrow
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The EU is not as bad as advertised space
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By ERIC REGULY
Saturday, March 25, 2017 – Page B6
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... ROME -- If you just read the headlines, especially in North American papers, you might think Europe had plunged back into the Dark Ages. Immigration crisis, terrorist attacks, rising populist and neofascist parties, Brexit, ailing banks, gruesome youth unemployment - all that's missing on the horror front is the bubonic plague and Trump Towers in the capital cities.  FULL STORY arrow
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How Trump can be brought to the green side space
To get U.S. President to stay on board with Paris Agreement, Germany's Merkel can appeal to the job-creation aspect of clean energy
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By ERIC REGULY
Saturday, March 18, 2017 – Page B6
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ROME -- German Chancellor Angela Merkel must feel as if she's Sisyphus, forever doomed to roll an immense boulder up a hill. She is being punished not because she is a deceitful braggart, as Sisyphus was, but because boulders are in plentiful supply in Europe and no one else seems readily available to do the pushing.  FULL STORY arrow
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High anxiety in European politics, and yawns in British markets space
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By ERIC REGULY
Tuesday, March 14, 2017 – Page B1
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ROME -- Investors this week face a barrage of European economic and political events that should leave them rattled. But on Monday, as they were allegedly staring into the great unknown, they were as complacent as cattle grazing on a mountain pasture. How to explain that?  FULL STORY arrow
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How forces are building for a Trumpian recession space
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By ERIC REGULY
Saturday, March 11, 2017 – Page B4
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ROME -- If the markets are good predictors of economic downturns, we've got nothing to worry about as Donald Trump dips into his economic stimulus bag of tricks. But what if the markets are wrong? More than a few strategists and economists think the forces are building for a Trumpian recession, and wouldn't that be ironic for a President who vows to ''make America great again.''  FULL STORY arrow
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PSA-Opel union leaves FCA chief out in the cold - for now space
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By ERIC REGULY
Tuesday, March 7, 2017 – Page B1
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-- After a long lull, the auto industry's merger game is back. On Monday in Paris, France's PSA Group announced the purchase of Opel, the longsuffering European division of General Motors, for 2.2-billion ($3.2-billion). The takeover reshapes the European car market overnight, thrusting PSA, owner of the Peugeot and Citroen brands, into second spot, behind Volkswagen.  FULL STORY arrow
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QE, a saviour for EU, could be its undoing space
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By ERIC REGULY
Saturday, March 4, 2017 – Page B4
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... ROME -- In his five years as President of the European Central Bank, Mario Draghi has been Capitano Europe, battling on every front to keep the euro zone intact and inflation alive. Bloodied and exhausted, he can declare a victory of sorts. No country has left the euro zone, although Greece threatens to do so with tedious regularity, and the deflation threat seems to have vanished.  FULL STORY arrow
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Brexit is the real reason the LSE-Deutsche deal fell apart space
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By ERIC REGULY
Wednesday, March 1, 2017 – Page B4
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ROME -- The excuse was Italy; the real reason might have been Brexit. The merger of the London Stock Exchange Group (LSE) and Deutsche Boerse (DB), a 29-billion ($41-billion) combination that would have created a formidable rival to the mightiest American exchanges, is dying, if not quite dead. The LSE in effect said so Sunday night with the surprise announcement that it could not meet the European Commission's demand that the LSE, for antitrust reasons, sell MTS, its Italian electronic bond trading platform.  FULL STORY arrow
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Complete Index of Today's Print Headlines
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