World & Politics
Did Brazil just elect its own Donald Trump? - 10/29/2018
The right-wing radical politician, former military man Jair Bolsonaro, became Зresident of Brazil: he won 55% of the vote as a result of the second round of elections on October 28. The voters were not deterred by the numerous warnings that they choose a "homophobe", "sexist", "racist" and even "fascist". Those who voted believe that the new President will be able to rid the country of corruption...
UK and France cannot tackle the digital skills gap - 10/25/2018
The rapid digitalization of the economy resulted in the fact that the majority of the population of small and medium-sized businesses in Europe is finding it difficult to find people with the proper skills and qualifications in the field of digital technologies. Not only officials and experts of the labor market of individual European countries, such as the United Kingdom and France, but also...
EC calls to protect elections from intervention - 10/25/2018
The European authorities should not approach the upcoming elections to the European Parliament as an ordinary event, Justice Commissioner Věra Jourová warned her colleagues. And it’s not only and not so much about the coming political race between supporters of Eurocentrism and nationalists. According to the European Commissioner, scandals surrounding the leakage of data in Cambridge Analytica...
USMCA increases risks of US companies in Mexican courts - 10/22/2018
For thousands of US companies, the changes associated with the conclusion of a new agreement on the North American free trade zone, replacing NAFTA, can lead to complications and uncertainties when doing business in Mexico, and this country is the third largest US trading partner. The previous trade agreement, NAFTA, included provisions that allowed American firms operating in Mexico and Canada...
Moody`s lowers Italy credit rating, S&P to follow - 10/22/2018
A draft budget proposed by the Italian government, suggesting a threefold increase in the deficit, to 2.4% of GDP, caused criticism not only in Brussels. On Friday, the rating agency Moody`s lowered the country's credit rating by one notch. A similar review can be undertaken in a week by Standard & Poor`s. The parliamentary coalition, however, declares its intention to adopt the budget...
E-commerce boosts the Asian air cargo market - 10/19/2018
Strong demand from online retailers provides an incentive for the air cargo market in Asia, while the trade war between the United States and China has so far had a minimal negative impact on the industry, Reuters reports. The volume of air cargo in the Asia-Pacific region in January-August increased by 4.8%, according to data from the Association of Asia Pacific Airlines (AAPA). The growth rate...
Will Brexit be postponed until 2022? UK and EU cannot reach an agreement - 10/18/2018
Today, leaders of the EU member states will hold a working session in Brussels on issues of migration, security and foreign policy. On the eve of the working dinner, the main topic of conversation was Brexit. Heads of state and government first discussed it in the presence of British Prime Minister Theresa May, and then - without her. The forthcoming summit is supposed to solve the remaining...
Is Draghi trying to scare Italian government? - 10/15/2018
Head of the European Central Bank, Mario Draghi, warned Rome before the official budget presentation: do not expect that the ECB will save the situation. At a press conference held on October 13 at the IMF and World Bank meeting in Bali, Draghi expressed confidence that a budget agreement would be reached, and urged all parties to “moderate the tone.” Draghi also noted that the resonance from the...
Saudi Arabia answers to Western threats - 10/15/2018
Riyadh promised to take serious measures against those who decide on sanctions against the kingdom. An official statement about this was made yesterday, the day after a statement of US President Donald Trump about "severe punishment" for Saudi Arabia, if it is proved that the authorities of this country are involved in disappearance of the famous Saudi journalist Jamal Khashoggi. As more new...
Chinese Belt and Road Initiative leads Pakistan into debt - 10/12/2018
The second major crack in the last three months appeared in the Chinese Belt and Road Initiative. The authorities of Pakistan, which had previously agreed to become the flagship of the project, announced their intention to contact the International Monetary Fund (IMF) for help. The country cannot cope with its foreign debt, the fifth of which consists of loans issued by the PRC. Beijing insists...
