World & Politics
Is it possible for Euro to replace Dollar? - 09/20/2018
Next year, the euro will turn 20 years old. Despite the years of crisis, the single European currency is more important than any other national European currency after the end of World War II. Even countries that are not part of the euro area sometimes accept the euro as an alternative means of payment. However, the value of the euro is small compared with some other currencies, namely with the...
Elections in Brazil: Last nail in the system's coffin - 09/18/2018
One favorite is in a hospital ward after being stabbed, and the second is in the prison. And millions of Brazilians are so unhappy with their economic situation and the chaos that reigns in the country that they do not want to go to polling stations. On October 7, Brazil is holding general elections to choose the President, governors and legislators. The election campaign is really unusual even...
Typhoon Mangkhut and Hurricane Florence: Exhausted, but still dangerous - 09/17/2018
The strongest typhoon of this year, Mangkhut, formed in the Pacific Ocean and hit the countries of South-East Asia. The tropical storm caused the death of at least 69 people. And Hurricane Florence has already brought 17 victims in the east of the USA. Typhoon Mangkhut and Hurricane Florence continue to synchronously destroy infrastructure of settlements in the countries of South-East Asia and...
European Parliament approves new changes in the law on copyright in the Internet - 09/13/2018
On September 12, the European Parliament approved changes in European copyright law in the digital industry. MPs believe that the new law will allow content authors to receive a "fair" part of their profits from republishing of their works on social networks and video hosting. In turn, critics believe that Internet platforms can become censors, removing even excepts from works, songs and films...
Far-right are winning elections in Sweden. Is it a political crisis? - 09/11/2018
Counting of votes cast during the parliamentary elections in Sweden on 9 September continues. However, there is one thing that is already clear: the ruling Social Democratic Party showed the worst result in 100 years, although it won the first place again. Even a coalition with other leftist parties does not guarantee that it will be able to form a government. At the same time, supporters of...
IPPR: UK economy needs immediate reforms - 09/10/2018
The Commission for Economic Justice at the British Institute for Public Policy Research (IPPR) presented results of a two-year study of the state of the UK economy. They came out disappointing: the country's economy is not operating properly, it is not fair, is not contributing to the prosperity of citizens and, as a consequence, immediately needs fundamental structural reforms. For nearly two...
EU is accused of problems with money laundering fight - 09/06/2018
European regulators reported serious problems in coordinating actions of authorities of different EU countries in the fight against money laundering. The flaws have become clear after several scandals with money laundering in the banks of Denmark, Malta and the Baltic countries. Now the EU is considering a possibility of creating a separate pan-European agency that will specifically monitor...
Macron reshuffles cabinet as ratings hit new low - 09/05/2018
After the Minister of the Environment, Nicolas Hulot, resigned on August 28 on the air of France Inter radio, journalists and politicians argued about who would take his place. The former "green" European MP Daniel Cohn-Bendit was expected to fill...
Bank of Japan is bracing for trade war consequences - 09/03/2018
32 branches of the Bank of Japan, the central bank of the country, have launched a survey of companies in various districts to assess impact of the trade war on exports and the supply chain. This is reported by the Nikkei Asian Review. While the trade conflict between the US and China is darkening the outlook for the world economy and new sources of fear, such as the currency crisis in Turkey,...
The European Union marks record inflation - 09/03/2018
Price increases in the European Union countries reached a five-year high: inflation amounted to 2.1 percent in July this year, reports Eurostat. These are already adjusted data, confirming the first predictions of economists. Thus, the EU statistical office marked a record of the last five and a half years (the last time inflation was higher was in December 2012). The achieved level slightly...
