World & Politics
HSBC: protectionism engulfs the global economy - 03/23/2018
A global report suggests that since protectionism becomes the key slogan of governments, companies are looking for various ways to overcome any obstacles to trade. Of the 6,000 firms surveyed by HSBC, 61% said that governments have become even more protective of their domestic economy. This sentiment was the strongest among companies in the Middle East and North Africa (70%) and the Asia-Pacific...
Merkel: The EU expects a final decision on the US metal duties - 03/23/2018
The EU is waiting for the final decision of the US administration on the issue of steel and aluminum customs duties. If they are introduced to products from the EU, retaliatory measures will follow, German Chancellor Angela Merkel said on the night of the first day of the EU summit. "We cannot yet say what the decision will be," she said, "We believe that it was important to look for ways for...
Experts: Google influences politicians through funding of scientists - 03/22/2018
The nonprofit organization Campaign for Accountability presented a report on the impact of the Google corporation on decisions of European politicians and regulators through the funding of scientific research. As a rule, subjects of the organization’s studies are sensitive issues in the field of antimonopoly legislation, privacy policy, copyright or the "right to be forgotten." In addition to...
IMF: Globalization brings great revenues but increases inequality - 03/16/2018
Globalization contributes to deepening inequality, although it leads to an increase in the incomes of the population. At the same time, the latter effect is more pronounced in developing countries that have recently become part of the global market. The deepening inequality is commonly found in the developed markets, according to the IMF's Working Report called The Distribution of Gains from...
Study: Tax amnesty in the United States produced a minor effect - 03/13/2018
The US tax administration's efforts to disclose offshore account holders have increased tax collections by $ 3.5 billion since 2008. Systemically, however, they were more or less unsuccessful, according to a study by the University of Michigan. In addition to one-time payments, they gave an increase in the base for income tax of $ 2.5-4 billion, which corresponds to additional charges of $ 0.7-1...
Marine Le Pen renames her party. Will it change something? - 03/13/2018
A congress of one of France's leading political parties, the extreme right-wing National Front (FN), ended. Marine Le Pen collected 1,5 thousand of their fellow party members in Lille to choose a new chairman and a new name that would not sound "military". As a result, Marin Le Pen was reelected as the only candidate, and the party was named "National Union". Despite the announced update, the...
Norway to reduce spending from the world's largest pension fund - 03/12/2018
Next year, the Norwegian government will be more restricted in spending money from the state sovereign wealth fund of the country, which is estimated at $ 1 trillion, as economic growth will accelerate, said the prime minister and the country's finance minister. "There are not many opportunities to add new funds to this budget," Finance Minister Siv Jensen said at a press conference ahead of the...
USA: China is deliberately driving Africa into a debt hole - 03/09/2018
Secretary of State Rex Tillerson criticized the model of China's economic development in Africa, saying that it encourages dependence and deprives the government of the opportunities for long-term democratic growth. Tillerson noted that China is using methods of corruption and bonded lending to undermine the governments of African countries and drag them into a debt trap. All this is happening...
Opioid overdoses in the US reached epidemic proportions - 03/08/2018
The US Centers for Disease Control and Prevention (CDC) has published data on the dynamics of emergency service calls due to an overdose of opioid drugs. From July 2016 to September 2017, the number of such applications increased by 30%. Experts urge authorities and doctors to more actively conduct explanatory work among the population and timely signal to social services in identifying patients...
The UK has to find a new place in the European security system - 03/07/2018
On Thursday, the House of Lords of the British Parliament will hold hearings about the future participation of the United Kingdom in operations conducted under the Common Security and Defense Policy (CSDP) of the European Union. The British Prime Minister Theresa May expressed her desire to continue the defense partnership with the EU after Brexit. Although third countries are not formally...
