The growth rate of the world economy in 2019-2020 will be lower than in 2018, as follows from the updated forecast of the Organization for Economic Development and Cooperation (OECD). First, the slowdown will affect developing markets, then, as incentive programs are exhausted, it will spread to developed countries. In 2020, growth in the United States can be as low as 2.1%, in the euro area -...

Heir to the throne is blamed in the murder of the opposition journalist, military failures in Yemen and a brutal anti-corruption campaign, during which royals and billionaires suffered. Among the members of the ruling family of Saudi Arabia, there is a ripening protest against 32-year-old Prince Mohammed bin Salman bin Abdulaziz Al Saud inheriting the royal throne. The protests are based on...

Many people in the south of Italy, especially young people, find it difficult to find a permanent job and make ends meet. But their life may change, as the first budget of the new Italian government proposes in its to greatly increase the amount of social benefits to the poor and unemployed - up to 780 euros per month. However, the European Union, which insists on reducing the country's debt,...

On the weekend, France was disturbed by violent protests in 2 thousand settlements throughout the country, in which about 288 thousand people participated. Citizens are protesting against raising taxes on fuel and other unpopular government measures. The result of the Saturday is one lost and 408 injured, including 14 seriously wounded. On Sunday, tensions subsided somewhat, but many roads were...

Italy will leave unchanged the main parameters of the draft budget for 2019, namely the target deficit of 2.4%. On Wednesday night, Rome thus responded to the ultimatum of the European Union, which required bringing the draft budget in line with the norms of the euro zone. There are no precedents like the current confrontation between Rome and Brussels in the history of the EU. In the last...

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...