Japanese firms are increasingly involved in various global business operations - not only in traditional international trade in goods, but also in offshore production and the new mode of globalization: offshore outsourcing.

Last week Centrica announced having signed a three-year gas supply contract with Gazprom Marketing and Trading UK entirely priced against UK spot gas market (NBP). This move follows other announcements in the sector, such as EON long-term gas supply contracts renegotiation, which allowed it to almost double its net-profit forecasts for 2012, or BP intention to sell Shaz Deniz II gas with spot-indexed contracts. All major European suppliers have been able to renegotiate long-term oil-indexed contracts with Gazprom lately and, more generally, contracts are increasingly being based on some spot-indexed price formula. How could that happen and what does it mean?

The European coal industry is at a crossroads. The European Commission (EC) Energy Policy by 2020, the 20/20/20 targets, is not favourable to coal:

a 20% decrease in CO₂ emissions does not favour coal compared with natural gas, its main competitor in electricity generation;

a 20% increase in energy efficiency will lead to a decrease in energy/coal consumption;

a 20% increase in renewables will displace other energy sources, including coal.

Much of the analyses of German reactions to the Arab Spring uprisings have focused on Germany’s contentious decision relating to Libya. By siding with the critics of military intervention in abstaining from UNSC 1973, Germany vexed its allies and arguably displayed an astonishing lack of geostrategic foresight and moral rectitude.

Hardly a week goes by without an African investors’ conference or growth summit. 

There is a rich history of far-right political parties in Europe. Long-standing parties such as the French Front National (FN), mostly marginalized since World War II, have enjoyed a resurgence since the 1980’s. Under the very recent leadership of Marine Le Pen, the FN has undergone a rejuvenation of its communication strategy and gained two seats in the National Assembly, the first time that the FN won any seats since the end of the proportional representation system in 1988. There are also many newer far-right parties in Europe, such as the Dutch Party for Freedom (PVV). The PVV, formed in 2006 by Geert Wilders, has become the third most popular party in the Netherlands and was until recently a member of the governing minority coalition.

Strong states often fail to deter vastly weaker competitors. This paper explores some reasons of this failure and identifies factors that can increase the prospects that deterrence will succeed in these situations.