Earlier, millionaires seemed a real rarity, but this is no longer the case in the modern world. The club of millionaires is becoming more numerous. Today, almost 33 million people in different countries of the world have a capital exceeding $ 1 million, according to Credit Suisse. 13.6 million people with a fortune of over $ 1 million live only in the United States, which is 41% of all...

Asia established stringent penalties for the use and sale of drugs, but the legal environment is changing in several countries where cannabis trade, or marijuana, is becoming a profitable industry, writes the South China Morning Post. In Thailand, where the sale of marijuana is prohibited by law, the Parliament set in motion plans to legalize the use of marijuana for medical purposes. On November...

Greek pensioners can live on their pensions only in Bulgaria, the poorest country in the European Union. In recent years, the Greek diaspora in Bulgaria has been growing. Moreover, the overwhelming majority of immigrants are elderly. The significant predominance of old people is explained simply - over the past decade, pensions of Greek pensioners have been reduced so many times (at least 20!)...

France promises to lead Europeans to resist US sanctions against Iran and not allow America to act as a "world trade gendarme." Paris intends to strengthen the role of the euro in international payments and to counteract American sanctions against Iran. In an interview with the Financial Times, Minister of Economy and Finance of France Bruno Le Maire spoke about plans to create a financial...

The US Democratic Party secured a majority in the lower house of the US Congress, local media reported, citing the vote count. As a result of the mid-term elections, the Democrats have already managed to obtain the necessary minimum of 218 out of 435 seats in the House of Representatives. Thus, the lower house of Congress will now come under the control of the Democrats. In a number of states,...

The Ministers of Finance of 10 EU countries called for strengthening the European Stability Mechanism in a joint statement (ESM), the Finnish Ministry of Finance reported. "Strengthening the European Stability Mechanism will make the EU's crisis management strategy more reliable and effective, say the finance ministers of ten EU member states in a joint statement," the report says. A statement...

New US sanctions against Iran come into force On November 5. They will affect the banking and oil sectors of the country and can finally paralyze the Iranian economy. The EU is unhappy with the new US sanctions adopted after Washington left the Iranian nuclear program, which is a key element in the global security system. Here are key facts regarding US sanctions against Iran. What sanctions...

The European statistical agency Eurostat presented data on the dynamics of euro zone GDP for the third quarter of the year. The economy’s growth was only 0.2% compared with the previous quarter, which is the lowest rate since 2014. Experts attribute the decline in economic activity in the euro zone to the slowing economy in Italy, as well as the decline in industrial production in Germany...

Chancellor Merkel actually lost the next election - this time in Hesse. At the elections held on Sunday, the ultra-right from the AFD and the Greens greatly added, while the Christian Democrats and their allies lost a lot of seats in the Landtag. The elections in Hesse, the central land of Germany, have always attracted everyone’s attention, and one of the reasons for this is that the land hosts...