China, South Korea, Japan, New Zealand, Australia, and the ASEAN countries have signed a Regional Comprehensive Economic Partnership (RCEP). Its ratification will result in the creation of the world's largest free trade area. The agreement maintains selective trade restrictions and is generally less advanced than the Comprehensive and Progressive Trans-Pacific Partnership initiated by the US,...

GDP of the UK increased by 15.5% in the third quarter compared to the previous quarter - these figures were published by the National Statistics Office (ONS) on Thursday 12 November. This is a record quarterly growth since 1955, reflecting the recovery of the British economy from the recession in the second quarter under particularly stringent quarantine measures - GDP then fell by 20.4%....

Deutsche Bank proposes to introduce a 5% tax for those who keeps their income unchanged and work from home during the pandemic. According to the investment bank's strategist, these funds can be used to support socially vulnerable groups. Deutsche Bank Chief Strategist Jim Reed's review "What we must do to rebuild" proposes introduction of a 5% tax for those who work from home during the pandemic....

As part of a trade dispute over subsidies for Boeing and Airbus, the European Union is imposing additional duties on a number of US products worth up to $4 billion in total. The tariffs are introduced in response to supposedly illegal US subsidies to the manufacturer of Boeing aircraft. The World Trade Organisation (WTO) authorized their introduction in October.  On Monday 9 November, the...

The US Presidential Administration of Donald Trump intends to announce new sanctions against Iran every week before the end of his term, reports Axios news portal. According to two sources of the publication, Washington together with Israel and the countries of the Persian Gulf plans to introduce a "flow" of restrictions against Tehran within 10 weeks remaining until the inauguration of Democrat...

The Greek authorities will only allow citizens to leave their homes if they have permits and will restrict the work of retailers. The reason for the new three-week lockdown was the 'particularly aggressive' wave of the number of COVID-19 infections: on Wednesday the country recorded a record increase in the number of infected people. To combat the new wave of coronavirus cases, Greece will...

The protection of objects in Vienna, where unknown persons staged shooting in six places in the city, will move from police to the armed forces. The police will take decisive action against those responsible for "this terrible terrorist attack," Austrian Chancellor Sebastian Kurz said. Chancellor of Austria Sebastian Kurz said it was a "horrific terrorist attack" in connection with the Vienna...

After a Pandemic Summit on the situation in the EU, the President of the European Council, Charles Michel, said that the health system and hospitals in the union’s countries were exhausted by the second wave of the novel coronavirus. Ursula von der Leyen, President of the EC, reported that the commission has allocated EUR 220M to ensure the safe transport of patients in medical facilities in...

South Korea's President Moon Jae-in has announced his country's plans to reach zero carbon footprint by 2050. Two days earlier, Japanese authorities had announced a similar initiative. Speaking to Parliament, the South Korean president said: “Together with the international community, we are committed to actively combat climate change and aim to achieve zero carbon emissions by 2050”. To this...