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...

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...

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 -...

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...

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,...

On the weekend, France was disturbed by violent protests in 2 thousand settlements throughout the country, in which about 288 thousand people participated. Citizens are protesting against raising taxes on fuel and other unpopular government measures. The result of the Saturday is one lost and 408 injured, including 14 seriously wounded. On Sunday, tensions subsided somewhat, but many roads were...

Italy will leave unchanged the main parameters of the draft budget for 2019, namely the target deficit of 2.4%. On Wednesday night, Rome thus responded to the ultimatum of the European Union, which required bringing the draft budget in line with the norms of the euro zone. There are no precedents like the current confrontation between Rome and Brussels in the history of the EU. In the last...

Earlier, millionaires seemed a real rarity, but this is no longer the case in the modern world. The club of millionaires is becoming more numerous. Today, almost 33 million people in different countries of the world have a capital exceeding $ 1 million, according to Credit Suisse. 13.6 million people with a fortune of over $ 1 million live only in the United States, which is 41% of all...

Asia established stringent penalties for the use and sale of drugs, but the legal environment is changing in several countries where cannabis trade, or marijuana, is becoming a profitable industry, writes the South China Morning Post. In Thailand, where the sale of marijuana is prohibited by law, the Parliament set in motion plans to legalize the use of marijuana for medical purposes. On November...