World & Politics
Venezuela: We do not support US-proposed political settlement plan - 04/01/2020
The Venezuelan government criticized the plan proposed by the US authorities to resolve the domestic political conflict in the country. Washington believes that it is necessary for Caracas to create an interim government, which would include representatives of the opposition. Head of the Venezuelan Foreign Ministry, Jorge Arreaza, called this plan an attempt to intervene in the country's internal...
IMF Head: We are entering global recession - 03/31/2020
The global economy has entered a recession, said the IMF Head Kristalina Georgieva. She believes that recovery in the next year will not be possible unless the coronavirus pandemic is restrained. The coronavirus has already plunged the global economy into recession, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), said in an interview with CNBC. The extent to...
US watchdog cancels Detroit auto show - 03/30/2020
The North American international auto show, which was supposed to take place in June, was canceled; the venue will be repurposed into a hospital for those infected with coronavirus, NBC News reported. It is reported that the decision on the cancellation was made after the US Federal Emergency Management Agency decided to use the site where the car dealership was supposed to go as a hospital for...
US seeks Venezuelan President arrest on drug trafficking - 03/27/2020
For the second time in its history, US authorities have charged a serious criminal offense to the incumbent head of a foreign state, Venezuelan President Nicolas Maduro. The US authorities accuse Mr. Maduro (who, however, has not been recognized as a legitimate leader for a long time) of "direct participation in the drug trade" and his desire to "flood the United States with cocaine." Washington...
US pushes on Saudi Arabia to restrict oil production amid crisis - 03/20/2020
Washington is increasing pressure on Saudi Arabia, trying to push Riyadh to limit oil production in a situation where the collapse in world prices is increasingly affecting the American economy. The US believes that America has fallen victim of the Russian-Saudi oil war. At that, opponents of US President Donald Trump accuse him of unjustified support for Saudi Crown Prince Mohammed bin Salman Al...
South Korea is getting ready for election with COVID-19 outbreak - 03/19/2020
84 new cases of infection with coronavirus were registered in South Korea on Wednesday; the total number of cases rose to 8320 people. Although the peak of the epidemic is over, the authorities are tightening the procedure for entering the country and postponing the start of the school year for the third time. At the same time, the general elections scheduled for April 15 will be held on time. As...
Iran demands to lift US sanctions because of medical reasons - 03/18/2020
The coronavirus epidemic in Iran, which is becoming increasingly rampant, has forced Tehran to launch a diplomatic counteroffensive. The goal is to get rid of unilateral US sanctions against the Islamic Republic. The country’s government appealed to the UN Secretary General and world leaders, urging them to intensify their efforts to abolish Washington's punitive measures that prevent an...
Fitch: Coronavirus spread in EU adds to the region’s economic risks - 03/06/2020
Spread of the coronavirus COVID-2019 in the EU poses risks to the Eurozone economy, where Italy suffered the largest outbreak, analysts at Fitch, the international rating agency, say. The experts note the importance of urgent political measures for economic growth. The number of cases in Europe is relatively less than the total in the world: about 4.2 thousand in the EU and the Eurozone,...
Number of super-rich people grows by 6.4% worldwide in 2019 - 03/05/2020
According to Knight Frank consulting company, in 2019 number of people with net wealth of $ 30 million and above grew by 6.4% despite the slowdown in economic growth. Now there are more than 513 thousand of them around the world. In 2019, another 31 thousand people with net worth of $ 30 million or more appeared in the world. The growth was 6.4%. As Knight Frank consulting company noted in its...
"A feasible idea": World Bank introduces paper on universal basic income - 03/04/2020
A group of economists under the auspices of the World Bank Group issued a report systematizing the current state of the idea of “universal basic income”. Eventually, they concluded that the basic income and its analogues are practically feasible; it is more complicated and significantly more expensive than existing models as a means of improving the social protection. Perhaps, the idea does not...
