The Greek parliament officially supported the initiative of the country’s government to put forward claims to Germany regarding reparations for the damage caused by the occupation during the Second World War. It is reported that the decision was made by a majority vote in the Greek Parliament. In addition, this initiative was supported by the country's Prime Minister Alexis Tsipras. The Greek...

The IMF considers it very important to continue reforms in Brazil, Mexico and Argentina in order to gain investor confidence. The situation in the global economy has made a U turn over the past year. The slowdown in growth, which manifested itself in the final segment of 2018, is expected to continue in the near future. Moreover, in view of the growing uncertainty, the situation in a group of...

French President Emmanuel Macron promised that Notre-Dame de Paris will be restored after a devastating fire. The fundraising has already begun, and Forbes rating participants did not stand aside. The family of French billionaire Bernard Arno will donate € 200 million to restore Notre-Dame Cathedral after the devastating fire, reads a statement of his company LVMH. “The Arno family and LMVH...

In 2018, the average tax burden in developed countries for an employee without a family was 36.1%, which is 0.16 percentage points (pp) less than in 2017, follows from OECD data on taxation of labor income. The decrease in burden has been recorded for the fourth year in a row. The above calculations take into account the overall load, that is, both taxes on income and social contributions paid by...

Emerging markets, like the US, seem ready to recover from last year’s economic downturns, but problems remain for Europe, said Head of UBS. It is expected that the European continent will achieve a slow rebound, said Axel Weber, chairman of the Swiss investment bank, told CNBC. “We are a little skeptical about Europe’s ability to use incentives to achieve this goal,” he said. According to him,...

At a conference in Berlin, Russia and the OPEC countries were warned that their business model would collapse, since the share of "green" electricity on the planet could reach 86% in 30 years. Why should mankind develop electricity production from renewable sources (RES)? Many people believe that it is for the sake of ecology, clean air and the fight against global climate change. Some,...

There is a looming possibility of a deal on the candidacy of the main European banker, which will most likely be concluded by the two leading economies of Europe, Germany and France. For the first time in the history of the main European bank, a German financier may head the main financial institution of Europe. President of the German Federal Bank (Bundesbank, the main bank of Germany),...

On the eve of the EU-China summit, the Premier of the State Council of the People's Republic of China assured that Beijing does not need a split of the European Union. However, Brussels is seemingly afraid of the Chinese "Divide and Rule" policy. On the eve of the EU-China summit, Premier of the PRC State Council Li Keqiang rejected accusation that Beijing wants to split the EU. "We actively...

The US promised new sanctions against Iran. They can be introduced in May. The country’s goal is to persuade businesses to abandon cooperation with the Islamic Republic. Experts believe that Washington will choose this way to achieve an even greater decline in oil exports from Iran. This will lead to an increase in inflation and further impoverishment of the population, but Tehran will not...