Preşedintele ceh Milos Zeman, cunoscut pentru poziţiile sale anti-imigranţi, a declarat că integrarea musulmanilor în societate în Europa este 'practic imposibilă', relatează France Presse.   "Experienţa unor ţări din Europa Occidentală unde există ghetouri şi sate excluse arată că integrarea comunităţii musulmane este practic imposibilă", a declarat preşedintele Zeman într-o înregistrare video publicată duminică pe site-ul cotidianului de mare tiraj Blesk.  "Să-i lăsăm să îşi trăiască propria cultură în ţările lor şi să nu îi ducem în Europa, altfel se va termina ca la Koln", a adăugat el, făcând referire la violenţele împotriva unor femei în noaptea de Anul Nou în acest oraş din centrul Germaniei.  "Integrarea este posibilă în cazul unor culturi similare, iar similitudinile pot varia", a adăugat el, subliniind că unele comunităţi ne-musulmane, precum cea ucraineană sau cea vietnameză, s-au putut integra în societatea cehă.  În vârstă de 71 de ani, Zeman, preşedinte de stânga, primul şef de stat ales prin sufragiu universal în Cehia, şi-a exprimat în mai multe rânduri opoziţia faţă de primirea de imigranţi în Europa.  Potrivit preşedintelui ceh, confreria Frăţia Musulmană din Egipt se află în spatele actualului val de imigranţi care folosesc mijloace financiare "venite dintr-un anumit număr de state", pentru "a prelua progresiv controlul asupra Europei".  La sfârşitul lunii decembrie, în mesajul său de Crăciun, preşedintele ceh a calificat drept 'invazie organizată' actualul val migrator, invitându-i pe tinerii imigranţi din Siria şi Irak "să pună mai degrabă mâna pe arme" pentru a lupta împotriva grupării jihadiste Statul Islamic (SI).  Conform cifrelor ONU, peste un milion de imigranţi au ajuns în Europa în 2015, fugind de conflicte armate din Afganistan, Irak şi Siria.

GERMANY - Timmermans these days is having to exercise his utmost diplomatic skill in order to avoid an escalation of tensions. When, during a visit to Amsterdam on Thursday, Timmermans was asked about the Polish foreign minister's jibe, he could have struck back. But there is already enough tension, so he chose to take a different tack, instead praising the transformation of Eastern European countries from socialist dictatorships to free societies. But, he added, true democracies include two important elements: the protection of human rights and adherence to the rule of law. The fact that Timmermans had to utter something that obvious says a lot about the current state of the European Union -- and developments in Poland. In less than two months, the country's new nationalist-conservative government has succeeded in disempowering the constitutional court, passing a law establishing government control over public broadcasting and installing party-aligned political appointees at the head of its intelligence services. "We want to cure our country of a few illnesses," Foreign Minister Waszcykowski told Germany's tabloid Bild earlier this month.

Independent researchers reported detecting elevated methane levels as far as 8 miles from the massive, ongoing leak of natural gas from a storage site in northwestern Los Angeles. A ruptured well at Southern California Gas Co.'s Aliso Canyon underground facility has spewed more than 80,000 metric tons of methane into the atmosphere since the leak was discovered Oct. 23. The release of the powerful greenhouse gas led to the evacuation of thousands of people from the affluent Porter Ranch neighborhood a mile from the leak after reports by residents of nosebleeds, rashes, headaches and nausea.Finding elevated methane levels well beyond the Porter Ranch area raises potential health concerns for people living outside the immediate vicinity of the leak, the researchers said. Inhaling low concentrations of methane, the primary component of natural gas, is generally not considered a health concern, but natural gas often contains trace amounts of other, more harmful gases.  "Whatever else may be in the gas-benzene, toluene, xylene -- that is what people may be breathing," said Nathan Phillips, an earth and environment professor at Boston University. "Even though we're not measuring things other than methane, there is a legitimate concern that there is that other nasty stuff in there."  The findings challenge assurances from the South Coast Air Quality Management District, the regional air pollution control agency, and the state's Office of Environmental Health Hazard Assessment that the leak hasn't increased residents' exposure to toxic gases.  The cumulative methane emissions from the Aliso Canyon facility to date have the greenhouse gas equivalent on the Earth's atmosphere of burning nearly 800 million gallons of gasoline, according to the Environmental Defense Fund.  On Wednesday, Los Angeles City Councilman Mitchell Englander called on SoCal Gas to extend its residential relocation program to residents of neighborhoods adjacent to Porter Ranch, according to the Los Angeles Daily News. People in these communities were also reporting similar symptoms related to the leaking gas, according to the paper. SoCal Gas spokeswoman Kristine Lloyd said the gas company is providing temporary accommodation and air filtration for residents within a five-mile radius of the leak, extending beyond Porter Ranch.  Democratic US Senators Barbara Boxer and Dianne Feinstein of California sent a letter to the Department of Transportation, the Environmental Protection Agency and the Department of Justice Wednesday calling on the federal agencies to offer further assistance to the State of California in responding to the gas leak.  In a mapping effort funded by the Home Energy Efficiency Team, a Cambridge, Mass., nonprofit, Phillips and Robert Ackley of Gas Safety Inc. measured methane emissions for the past several days near the Aliso Canyon leak. Gas Safety Inc. provides natural gas leak detection services to industry, businesses and homeowners.  They used a laser-based system mounted to a car. It recorded methane concentrations and plotted the readings on Google Earth. On Tuesday and Wednesday the researchers drove further from the leak and recorded methane concentrations as much as two times higher than background levels, as far as 8 miles away from the site.

The International Accounting Standards Board^® (the Board) today issued a new accounting Standard, called IFRS 16 Leases. It replaces accounting requirements introduced more than 30 years ago that are no longer considered fit for purpose and is a major revision of the way in which companies account for leases. Leasing provides an important and flexible source of financing for many companies. However, the old lease accounting Standard (IAS 17 Leases) makes it difficult for investors and others to get an accurate picture of a company’s lease assets and liabilities, particularly for industries such as the airline, retail and transport sectors.  Listed companies using IFRS Standards or US GAAP are estimated to have around US$3.3 trillion of lease commitments; over 85 per cent of which do not appear on their balance sheets*. That is because leases to date have been categorized as either ‘finance leases’ (which are reported on the balance sheet) or ‘operating leases’ (which are disclosed only in the notes to the financial statements).  This somewhat arbitrary distinction made it difficult for investors to compare companies. It also meant that investors and others had to estimate the effects of a company’s off balance sheet lease obligations, which in practice often led to overestimating the liabilities arising from those obligations. IFRS 16 solves this problem by requiring all leases to be reported on a company’s balance sheet as assets and liabilities.  Accompanying the Standard, the IASB has also published a separate Effects Analysis, which outlines the costs and benefits of the Standard. It clearly demonstrates the need for the Standard and that the benefits outweigh the costs.  The Board has given careful consideration to feedback received and has introduced several cost-saving measures for preparers, such as exempting ‘small ticket’ items as well as leases of 12 months or less. The publication of a separate Effects Analysis follows on from a report to the IFRS Foundation Trustees in November 2014 by the Effects Analysis Consultative Group. The Effects Analysis can be accessed here. A separate Project Summary, including an overview of the project history and how the Board has responded to stakeholders’ comments during the development of the Standard, can be found here. *Based on a sample of 30,000 listed companies using IFRS or US GAAP, over 14,000 companies disclose information about off balance sheet leases in their 2014 annual reports. The future payments for off balance sheet leases for those companies totalled US$2.9 trillion (on an undiscounted basis).

The E.U. Commission has already written to the Polish government asking how its new media law will work with EU rules on media freedom. Schulz described the government’s actions as a “dangerous Putinisation of European politics”, while Oettinger suggested Poland should be put under rule of law supervision, legislation designed to deal with “systemic threats” to EU values.  Responding to the criticism, Poland’s government summoned Germany’s ambassador for talks and warned Brussels not to interfere in its affairs on the basis of “biased and politically engaged” reports. The defence minister Antoni Macierewicz went further, saying Poland would not be lectured by Germany “on democracy and freedom”, while his colleague, justice minister Zbigniew Ziobro, wrote an open letter to Oettinger alluding to the Nazi occupation of Poland.  “Such words, said by a German politician, cause the worst of connotations among Poles,” Ziobro wrote. “Also in me. I’m a grandson of a Polish officer, who during World War II fought in the underground National Army with ‘German supervision’.”

Sterling plunged to a five-and-a-half year low against the US dollar on Tuesday, as the UK's manufacturing sector shrank unexpectedly. Manufacturing production dropped by 0.4pc in November according to Office for National Statistics (ONS) data, compared to a 0.7pc fall in the wider industrial sector. The fall in industrial output was worse than any of the 30 analysts polled by Reuters had anticipated. There figures were described by Michael Hewson, chief market analyst at CMC Markets, as "unambiguously rubbish". No surprise at all....What do you expect with an overvalued currency, a global recession, rigged competition from the slave labor Chinese manufacturing system and a UK government hell bent on jobs at any price in the bloated service sector? There is no industrial strategy, vocational training is a mess and unlike Corporatist Germany, government leaves manufacturing industry to sink or swim on its own. We are headed for a full blown Sterling crisis and all those two million new jobs of phone sanitizers, Cab drivers, hairdressers and delivering online shopping will disappear overnight...Figures and statistics are always fiddled...in reality British people have been mislead by the politicians just as people are mislead in nearly all countries on the planet. When lying and morally corrupt politicians are the captains one never knows where the journey will take us. Britain's feel good factors are essentially due to nearly a decades printing of money and of course the false sense of security generated by a.......massively overheated property market...Britain is in effect a nation which doesn't produce very much any more, its a nation of supermarkets and banking and insurance.  Dear Mr. Cameron please lets have a breakdown of how Britain earns its money .Britain has possibly lived above its means since before the second world war.......with a few rare intervals.in between. Billions have been frittered away and yet we do not have a few pounds more for the junior doctors who keep our decrepit NHS afloat. Something seriously wrong here. The markets always know the truth though and the pound is likely to get whacked even more.  Wait till the euro recovers !!

The Belgian "fiscal incentive" scheme - which had been in force since 2005 - allowed companies to reduce the tax bill on their profits by as much as 90pc, said the Commission. The ruling is the first high-profile sweep of European, rather than US companies, and comes after the EU ruled against similar tax deals for Starbucks and Fiat in the Netherlands and Luxembourg. Brussels has also launched an investigation into McDonald's tax arrangements and is due to deliver verdicts on Apple and Amazon's deals with Ireland and Luxembourg this year.  Around €500m of the €700m will be paid by companies within the EU, said the Commission. Belgium" - afforded international corporates an unfair advantage by only taxing the "hypothetical" profits they they would have made if they did not enjoy economies of scale. "National tax authorities cannot give any company, however large, however powerful, an unfair competitive advantage compared to others," said Ms. Vestager. "If a country gives certain multinationals illegal tax benefits that allow them to avoid paying taxes on the majority of their actual profits, it seriously harms fair competition in the EU, ultimately at the expense of EU citizens."  The Belgian government said it had expected the ruling and had suspended the excess profits scheme in February last year.