World & Politics
Hong Kong plunges into recession - 11/01/2019
In the III quarter of 2019, Hong Kong's GDP has been falling at the highest rate since 2009, by 3.2% quarterly, and a recession has begun in the region's economy. In the second quarter, Hong Kong's economy fell 0.4% compared with January-March. In annual terms, in the III quarter, the economy declined 2.9% after rising 0.5% in the previous quarter. The pace of the economic downturn exceeded...
Is BRICS still alive? - 10/30/2019
The association of Brazil, Russia, India, China and South Africa as BRICS no longer makes economic sense, S&P analysts said. The term BRIC (originally without South Africa) was proposed in 2001 by Jim O`Neill, Head of Goldman Sachs asset management division. In his opinion, large countries with developing economies were united by favorable prospects for GDP growth and strengthening roles in the...
Fernandez and Kirchner win, Argentina turns left once again - 10/29/2019
After a four-year break, Argentina turned left once again. Leaders of Cuba, Bolivia, and Venezuela were among the first to send congratulatory telegrams to former Argentinean Prime Minister Alberto Fernandez, who won Sunday's presidential election. Together with him, Cristina Fernandez de Kirchner, who led Argentina in 2007-2015, was elected as Vice President. During the election campaign, this...
China soars by 40% in Brand Finance national brands rating - 10/24/2019
Evaluation of the US national brand grew by 7.2% to $ 27.751 trillion since last year, China's brand valuation soared by 40.5% to $ 19.486 trillion, and the brand of Germany fell by 5.7% to $ 4.855 trillion. These are the results of a new study by Brand Finance study. All three countries remain the most expensive brands in the world. The brand assessment took into account the country's GDP,...
Hong Kong will not pass extradition bill - 10/24/2019
The Hong Kong government withdrew an extradition bill from Parliament. Previously, the paper caused months of protests in the former British colony, which has the status of the Special Administrative Region of China. Fulfillment of the protesters ’main demand was the first serious victory of Hong Kong’s non-systemic opposition, which began the fight against China’s political, economic and...
Credit Suisse: Global wealth hits record high in 2019 - 10/22/2019
Total well-being of the world population from July 2018 to the end of June 2019 grew by $ 9.1 trillion, or 2.6%, and exceeded $ 360.6 trillion, according to the Global Wealth Report by Credit Suisse bank. Due to the fact that welfare increased faster than population growth, the rate per adult increased by 1.2% and reached a record level of $ 70.849 thousand. Switzerland once again became the...
Boris Johnson: UK is about to finish Brexit - 10/18/2019
On Thursday, British Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker unexpectedly announced that they would reach an agreement between the EU and London on Brexit. Head of the British government expressed confidence that the new agreement will be ratified by October 31, and EU leaders have already supported the agreement. Now the floor belongs to the European...
UK postmen decide to go on strike for Christmas - 10/16/2019
The British postal service Royal Mail will strike, seeking to improve working conditions. The action may affect Black Friday, end-November sales and Christmas, BBC News reports. More than 97% of the members of the Communication Workers Union (CWU), the postal workers union, which unites about 110,000 people, voted for the strike. The turnout was 76%. The terms and conditions of the strike have...
Japan allocates $6,5 mln to remedy consequences of Typhoon Hagibis - 10/16/2019
Japanese Prime Minister Shinzo Abe announced allocation of $ 6.5 million from the state budget reserve fund to help rebuild the country's regions affected by Typhoon Hagibis, Kyodo reports. The money will be allocated for basic necessities, such as water, food and sleeping places, as well as to improve conditions in evacuation centers and to help those who have lost their homes. According to...
WTO greenlights US sanctions against Europe - 10/15/2019
The US sanctions have been imposed in connection with European aircraft manufacturing concern Airbus receiving illegal subsidies. The sanctions in the amount of $ 7.5 billion will enter into force on October 18. The World Trade Organization (WTO) has officially approved the US decision to impose large-scale trade sanctions on goods from the European Union. The sanctions are associated with...
