At the end of her political career, Angela Merkel decided to protect the global order and give the final battle to the nationalists and populists. After a long break related to solving internal problems, German Chancellor Angela Merkel is going back to the international arena. She commenced the New Year with a two-day visit to Greece, the first in five years. In Athens, she was received with...

Losses of the American economy as a result of suspension of a part of the US federal agencies may amount to about $ 1.2 billion a week if the “shutdown” drags on, says Kevin Hassett, adviser to the US President for economic issues. Despite the fact that such losses will weaken growth of the country's economy by only 0.05 percentage points, they can make it difficult for the US government to...

World Bank (WB) President Jim Yong Kim will leave his post earlier than scheduled. He was expected to remain in power until 2022, but now his leave may aggravate a discussion about work of the largest distributor of financial assistance in the world. Members of the World Bank have supported a large-scale increase in the capital of organizations within the group for this year, but the USA has...

Italy’s Deputy Prime Minister Matteo Salvini visited Warsaw. From there, he reminded that Europe must fight the influx of illegal migrants and quickly expel those who have already entered illegally into its territory. This statement was enthusiastically supported by the Polish leadership. Mr. Salvini’s talks with Polish Prime Minister Jaroslaw Kaczynski actually commenced an election campaign of...

Global economic activity is expected to slow down in 2019 and will remain stable thereafter, the European Central Bank (ECB) said in its economic bulletin. The weakening of political support in advanced economies and the impact of the trade conflict between the United States and China are putting pressure on global activity, the ECB said. "The growth of world trade has slowed somewhat, and the...

Japan decided to withdraw from the International Whaling Commission (IWC) in 2019 in order to resume whaling from July, Secretary-General of the Japanese Cabinet Yoshihide Suga said at a briefing in Tokyo. Earlier, Japan announced its withdrawal from the International Commission on Whaling, said a source in the Japanese government. According to him, this way the country will be able to catch...

American experts have included likelihood of impeachment of Donald Trump in the list of potential risks for 2019. In addition, economists fear escalation of trade conflict with China and complications associated with the Fed's policy and the stock market situation that has worsened by the end of the year. According to American observers, investors and business in general are beginning to consider...

Yesterday, China published a new list of industries where work of local companies and those created with the participation of foreign capital is restricted. Manufacturing and financial sectors take most of the list of 151 points. This is a realization of the principle “everything that is not prohibited is allowed”: due to this, Beijing hopes to further simplify access to its market, including for...

Cristina Fernandez de Kirchner, who served as president of Argentina from 2007 to 2015, will be prosecuted on charges of accepting bribes in the amount of tens of millions of US dollars. This decision was made by the Federal Court of Argentina, which demanded that the former President deprived of her deputy immunity and arrested. In her turn, the current senator Christina Kirchner says that the...