On Monday, April 1, the Supreme Court of Venezuela called for depriving interim President Juan Guaidó of parliamentary immunity. The corresponding requirement was sent to the Legislative Assembly, loyal to Nicolas Maduro. There are currently two investigations being conducted against Juan Guaidó in Venezuela. In late March, Head of the General Control Directorate of Venezuela removed the interim...

On Sunday, local elections were held in Turkey. Inflation and unemployment are rising rapidly in the country and the lira is falling. Naturally, the second could not but affected the first. Turkish President Recep Tayyip Erdogan was somehow disingenuous arguing that his Justice and Development Party (AKP) won at the local elections held on Sunday. For the first time in the 16 years, he lost...

More than half of Africans have no access to electricity. 63% of the rural population are deprived of it in sub-Saharan Africa. Electricity here is three times more expensive than in Europe or the United States, which partly explains the delay in industrialization. Due to the shortage of power, Africa’s economic growth is slowing down by 2–4 percentage points annually. Conversely, complete...

The US Department of Justice found the Patient Protection and Affordable Health Care Act (Obamacare), one of the main achievements of the previous administration in the White House, unconstitutional. The decision of the Justice Ministry has brought the current president, Donald Trump, one step closer to fulfilling his main election promise, abolition of Obamacare. However, the Democrats who are...

The kingdom’s spending on development of logistics, mining and energy sectors amount to 100 billion riyals. As a result, it is assumed that in Saudi Arabia will increase demand for industrial real estate in the kingdom, states CBRE report. There are several projects in the country that will attract investors and users. These include Tharwat Logistics City north of Riyadh, and Asfan Smart...

If China pay no special attention to the problem of data privacy and protection of intellectual property, the country will lose the opportunity of growth worth 37 trillion yuan ($ 5.5 trillion) in the coming decade. This became known from a report of the non-profit organization Hinrich Foundation. In 2017, China's digital data streams brought 3.2 trillion yuan to the domestic economy and 1.6...

At least two countries-founders of the EU - France and Italy - are ready to block postponement of Brexit at the community summit on March 21-22, if they do not receive guarantees that this delay will allow for an organized exit, the European diplomatic source said. "France and Italy are ready to block extension of the Brexit deadline at the EU summit if they receive no guarantees that this...

Turkish President Recep Tayyip Erdogan certainly did not expect the first in ten years recession to come on the eve of very important municipal elections, which will be held at the very end of March. Well he probably should have been more prepared, because the problems in the Turkish economy did not begin just yesterday. Annual GDP in the fourth quarter of 2018 decreased by 2.4% compared with the...

Government of New Zealand has decided to revise the national legislation governing arms sale in the country, reports The New Zeland Herald, with reference to the Prime Minister of New Zealand, Jacinda Ardern. According to her, "the Cabinet of Ministers has already decided that the law will be revised in the direction of tightening." The bill will be published in 10 days. Its details have not yet...