On Monday, February 24, the US Presidential Administration Donald Trump requested $ 2.5 billion from congress to fight against coronavirus, AP reports citing a statement from the White House budgetary office. These funds will be used to develop a vaccine, provide medical care and personal protective equipment. Donald Trump’s administration is asking for $ 1.25 billion to directly fight the...

The situation with the spread of coronavirus will cost the global GDP about 0.1 percentage points of growth, if events develop according to the baseline scenario. China will lose about 0.4 percentage points of GDP compared with the forecast of the fund in January, said Head of the International Monetary Fund (IMF) Kristalina Georgieva. "In our current baseline scenario... the Chinese economy will...

The Social Democratic Party of Germany (SPD) won the parliamentary elections in the federal state of Hamburg, follows from the calculation of the statistical bureau. The ruling Christian Democratic Union (CDU) gained 11.2%, ranking third. The SPD received 39% of the vote, the Greens - 24.2%. Both parties were included in the former government of the land. According to Die Zeit, the CDU has gained...

The non-governmental organization Tax Justice Network ranked countries for financial opacity and closeness. The top 10 included not only offshore territories such as the British Virgin Islands and Cayman Islands, but also countries such as the United States, Japan, Switzerland, the Netherlands and the UAE. The non-governmental international organization Tax Justice Network (TJN), which studies...

The International Monetary Fund, as a lender of last resort, cannot offer Argentina debt cancellation, said IMF Managing Director Kristalina Georgieva in response to the call of the country's vice president Cristina Fernandez de Kirchner to take such a step. In an interview with Bloomberg, Georgieva said that the IMF continues to support the government of Alberto Fernandez in his attempts to...

American billionaire Jeff Bezos, CEO and founder of Amazon, announced creation of the Bezos Earth Fund to tackle climate change. On his Instagram page, the entrepreneur announced that he would donate $ 10 billion to the work of the fund through which he will finance the activities of scientists and public organizations involved in climate change. According to the businessman, money will be...

In the fourth quarter of 2019, Japan's GDP fell by 6.3% year on year. This is the maximum rate of economic decline over 5.5 years, following increase in the consumption tax in the country. A drop in GDP was recorded for the first time since the third quarter of 2018. Analysts interviewed by Trading Economics expected an average decline of the Japanese economy in the fourth quarter by 3.7%. In the...

The Italian Senate has allowed instituting proceedings against former Interior Minister Matteo Salvini, Italian media reported. The request for depriving Salvini of immunity within this case was sent to the Senate by the tribunal of the Italian city of Catania. The former minister is accused of abusing power while heading the Ministry of Internal Affairs, preventing migrants from entering Italy....

Electricity generated using solar energy is cheaper and more popular in the EU. In 2019, twice as many solar panels were installed here than in 2018. “We have entered a new era of development. Solar energy is thriving in the European Union,” said Walburga Hemetsberger, head of SolarPower Europe, the industry’s leading solar industry association. More precisely, one could say that it is...