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But that was before the European Union, working with Niger's government, bankrolled a crackdown on the trade. "We have seen the numbers fall dramatically since August," said Marina Schramm, deputy chief of mission at the International Organization for Migration, which monitors migrant flows at two points in the Agadez region. "Before, we saw several thousand passages per week. Now we're close to zero ... several dozen," she said, noting that numbers normally fall in the winter, but not by so much. Some are holding up Agadez as a sign of a breakthrough in tackling the migration crisis. Other experts have urged caution, saying the smugglers may have simply moved deeper underground. Either way, the immediate impact on the town and the arid region surrounding it is dramatic. The European Union said that only 1,500 migrants crossed Niger in November, down from 70,000 in May, crediting the change to a new partnership strategy it launched with Niger last year. In late 2015, the EU established a fund with 1.88 billion euros ($2.01 billion) aimed at addressing migration originating across West Africa's arid Sahel and Lake Chad regions, the Horn of Africa as well as North Africa.
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Media: WochIt Media Sea-Tac Airport could become one of the first major U.S. airports to start using biofuel for every flight that leaves its tarmac. Thats the lofty goal that drove a study released yesterday on how to build the infrastructure needed to get aviation biofuel into Sea-Tacs fuel supply. Here in Seattle, were in such a unique position to lead in this industry, said
"The operational cost of both buy-side and sell-side setting up for this new regulation could mean profitability is impacted and that ultimately impacts the person on the street with their pension and their portfolio." So why Mifid 2? It's the sequel to Mifid 1, which has been in force since November 2007 That made it easier and cheaper to buy investments across the EU, by allowing investment firms to operate across borders more easily But the financial crash exposed some of its weaknesses So the European Commission now wants to make financial markets "more efficient, resilient and transparent" and to "strengthen the protection of investors" The new regulations come into force in 2018 A recent survey of the City suggested two out of five companies are not prepared enough to implement the new rules. They'd better get a move on. The sprawling regulations come into force in January 2018. Way forward? There are some who argue that these complex EU rules could be a big help to the City after Brexit, because they contain something called "equivalence". That allows financial companies from outside the EU to do business inside it, as long as their home country has the same standards of regulation. Image copyright AFP Image caption The City is wary of what Mifid 2 will usher in "Potentially this could be a way through the mire," says David Biggin, an adviser at PA Consulting. "For a lot of the companies talking about relocating, actually this rule might allow some light at the end of the tunnel. It's a technocratic decision rather than a political decision. It is a way forward." However, not everyone thinks "equivalence" will save the City's bacon if it finds itself with less favourable access to the EU than it has today.