World & Politics
IMF: Growth in Europe pushed the world's economy up - 11/14/2017
The European economy has shown an impressive turn in recent years. Now, the IMF considers Europe an "engine of world trade" thanks to the turn from a weak position in which a number of countries needed a bail-out, and central banks conducted unprecedented incentive programs to prevent wider shocks, to and economic growth. The latest IMF survey, published today, noted that the recovery in Europe...
IMF: First results of reforms in India are doubtful - 11/10/2017
The Government of India’s active efforts to digitize the country's economy are impeded by undeveloped infrastructure, and a lack of regulatory and legal framework and a low level of information security. All this can adversely affect the citizens' situation, the International Monetary Fund (IMF) believes. They made an attempt to assess the first results of the reforms that provided for...
The US Senate may postpone corporate taxes cuts until 2019 - 11/09/2017
Representatives of the Republican Party in the US Senate may delay implementation of the key point of the tax reform initiated by Donald Trump, namely, a reduction in the corporate tax rate until 2019. The own reform project that senators are to submit today will be very different from the bill prepared by the Republican majority of the House of Representatives. This means that the White House’s...
Saudi Arabia is going through revolutionary changes - 11/09/2017
Saudi Arabia is experiencing the biggest turmoil in its 85-year history. A decree of King Salman gave rise an unprecedented anti-corruption campaign, during which 11 princes from the ruling family, a number of high-ranking officials and influential businessmen were arrested. The initiator of the arrests is the king’s son, the young prince Mohammed bin Salman, who proclaimed a program of radical...
Japanese employers and American workers: Trump’s criticism of Japan is unreasoned - 11/08/2017
On Monday, US President Donald Trump once again criticized Japan for trade, saying during a visit to Tokyo that the country's automakers should "try to produce their cars in the United States, and not send them" to the United States. However, Japanese officials might note that they are already doing this by hiring tens of thousands of Americans, and that Japanese companies in the United States...
Britain outlines its trade and customs future - 11/07/2017
Today, the government of Theresa May is submitting a draft of customs and trade legislation to the parliament. The paper will enter into force after the country leaves the EU. The UK calls its key task the preservation of the terms of trade agreements with the EU countries, as well as the ability to enter into customs agreements with each of the participants of the European economic bloc...
Paradise Papers: New secrets of ultra-rich - 11/06/2017
Yet another major leak of offshore documents has been revealed. Appleby group, which works on the Bermuda and Cayman Islands, confirmed report of ICIJ journalist consortium (International Consortium of Investigative Journalists) about it. It is about 13.5 million confidential documents from the group’s correspondence with its clientele. The most interesting are leaks of Glencore documents. In...
Venezuela introduces 100 thousand bolivars banknote - 11/03/2017
The Venezuelan authorities put into circulation 100 thousand bolivars, the largest banknote in the country's history. In their opinion, this step should stabilize monetary circulation in the country. At the rate of the black market (the official rate actually does not work in Venezuela) 100 thousand bolivars correspond to $ 2.4. The introduction of a new bill was necessary because of the...
Germany accumulates refugees while Italy says them goodbye - 11/02/2017
By the end of 2016, the number of people seeking asylum in Germany has nearly doubled compared to the end of 2014, reaching 1.6 million people. German media criticize the German authorities for the fact that they lost 30 thousand refugees who were to be deported from the country. The Italian authorities, in turn, reported a 70% decrease in the number of refugees arriving in the country from...
Mexico bets $ 1.25 billion on falling oil prices - 11/01/2017
Mexico spent $ 1.25 billion to protect itself in case oil prices fall in the next year. Was it worth spending such amount of money? Mexico is, in fact, the only major oil-producing country that regularly hedges the price of its supplies. Every summer, Mexico buys options "put", which can be executed in the period from December of the same year to the end of November next. If the price of "black...
