Every Christmas starting from 2013, the British magazine The Economist chooses "the country of the year." Rogue states, such as North Korea and Iran, are not considered. The list also excludes those that have enormous influence thanks to their size or economic power, that is, China and America. The main criterion for victory is the scale of changes for the better within the country or its...

China is going to launch the world's largest national system of trading greenhouse gas emission quotas. The new regulatory system will make energy sector enterprises responsible for almost 40% of greenhouse gas emissions. The introduction of the system will help both to reduce emissions in China itself, which is the world's number one by volume of greenhouse gas emissions, and to test a new model...

Participants of "Green-Black Commando" group are wanted by the Greek police. Under the slogan of combating consumerism, the group allegedly poisoned several popular food products with hydrochloric acid and put them furtively in supermarkets in Athens and Thessaloniki. The authorities urged consumers to temporarily refuse to purchase these products. Now, the products are being withdrawn from the...

Bloomberg agency published the "Pessimist's Guide" - eight scenarios of the most dangerous events that can occur before 2028. Bloomberg emphasizes that the presented scenarios are not forecasts, but "provocative ideas" that will make you think about how quickly the world changes. The end of the oil era Mass production of cheap electric vehicles will begin in 2018 thanks to the breakthrough in...

China plans to soften its goal of debt reduction in the economic plan, which will be released later on Wednesday, reports The Wall Street Journal. The revised plan will focus on curbing the growth of borrowings, according to WSJ's sources. This step contradicts the mission of the Chinese government to reduce the growing debt of the country.Recall that Chairman Xi Jinping made this goal the...

The total budget of the European Union will lose annually around 14 billion euros because of the UK's withdrawal from the bloc, EU Commissioner for Budget Guenther Oettinger told at a conference in Brussels. According to him, half of these funds will be reimbursed at the expense of the remaining countries in the EU. Britain should finally leave the EU in March 2019, but the country's...

French Interior Minister Gérard Collomb presented a draft law that tightens the rules for the admission of immigrants. The main differences from the current standards are acceleration of consideration of applications for political asylum, strengthening of control at the borders, as well as compulsory expulsion of those immigrants who violated the law. In the summer, President Emmanuelle Macron...

Japan will pursue a policy of carrot and stick to stimulate the growth of wages. The authorities intend to provide tax benefits to companies that increase spending on wages and investment, while cutting benefits for firms that do not, Bloomberg writes. Companies that raise salaries of their employees by at least 3% a year or invest in human capital through the training of workers, will be able to...

Heads of Germany’s leading, which have been members of the government coalition since 2013, have officially begun negotiations on the formation of a new union. However, this time, the alignment of positions between the head of the Christian Democratic Union (CDU) Angela Merkel, her Bavarian partner Horst Seehofer of the Christian Social Union (CSU) and the Social Democrat Martin Schulz may be...