World & Politics
UN once again discusses the Paris Agreement - 12/03/2018
On Sunday, the regular UN Climate Conference officially opened in the Polish city of Katowice. For the next two weeks, its main task will be to approve rules of the Paris Climate Agreement. The meeting will take place against the background of a rather complicated situation in international green policy: countries are not ready to increase their climate commitments or even intend to abandon them,...
The UN migration pact and global disagreement - 11/30/2018
In July, the UN almost unanimously adopted the international migration pact and called it an historic event. However, many are disappointed now. The project is designed exclusively for migrants, and the rights of residents of host countries are completely ignored. Western democracies have long been debating on this topic, and many countries have rejected UN proposals. The pact has already caused...
Europe is not afraid of Brexit but Italy - 11/29/2018
Negotiations on the UK exit from the European Union have reached the final lap, but the minds of European officials are now occupied not by Brexit, but by Italy. The aggravation of relations between the European Commission and the Italian government after populists came to power is the main concern of the European Union. Now, according to most experts, the main concern of Brussels is not the...
Macron delivers speech to yellow vests - 11/28/2018
On November 27, French President Emmanuel Macron spoke to the so-called yellow vests, participants in spontaneous mass protests, which resulted from increased taxes on gasoline and other unpopular government measures. However, President’s speech was rather aimed at prospects for the energy policy of France than to specific concerns of the French. The more than one-hour speech of President Macron,...
EU, China to reform WTO regardless of the US - 11/27/2018
The European Union, as well as China, along with a dozen other countries, decided not to wait for the forced shutdown of the WTO Appellate Body. Yesterday, they published their proposals for reforming this institution. In particular, it is proposed to increase the number of judges and free them from the need to interpret meaning of the norms of internal regulation of members of an organization....
In 10 years, US will have to pay $1 trln for servicing national debt - 11/26/2018
Over the past decade, the size of US debt in circulation has increased from $ 5.1 trillion to $ 15.9 trillion, but there were no problems with its financing. Debt servicing costs were low due to low interest rates and inflation, as well as high demand from investors around the world. But now the situation is changing. In 2017, interest expenses on servicing the federal debt amounted to $ 263...
Trump lashes out at WTO - 11/23/2018
The World Trade Organization dared run counter to Washington. Retaliation, for sure, will not keep it waiting. For almost two years of Donald Trump’s stay at the White House, everyone has become accustomed to the style of his leadership - if America doesn’t like something in the work of an international organization, then it just leaves it. The next candidate is now the WTO. Washington has not...
OECD: Global growth will slow down in 2019 - 11/22/2018
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 -...
Prince Mohammed bin Salman falls out of favor of the West - 11/22/2018
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...
Is Italy's plan to help the poor efficient? - 11/21/2018
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,...
