Although a full-scale oil embargo against North Korea is unlikely to be introcuced, North Korea can survive such a measure relatively easily. Recently, the US proposed an oil embargo against North Korea, which was opposed by China and Russia. The DPRK's northern neighbors are championing the UN sanctions against Pyongyang, while firmly opposing the unilateral US sanctions against North Korea....

The Chinese authorities are considering a possible ban on cars with internal combustion engines in the country. This summer, United Kingdom and France decided to ban gasoline and diesel engines up to 2040; other countries do not rule out this possibility, too. China, following many other countries, wants to ban cars with internal combustion engines. As Deputy Minister of Industry and Information...

Saudi Arabia is changing the reform plan a little more than a year after its promulgation. This may mean that Riyadh recognized some of the goals of the "National Transformation Program" (NTP) of Crown Prince Muhammad bin Salman as too ambitious. With the help of the program, the prince wants to reduce the dependence of the country's economy on oil. The initial plan envisaged privatization of...

Hurricanes and storms are among the most destructive and costliest natural disasters in the United States. In recent years, the total amount of damage from hurricanes exceeded $ 350 billion. All this amount does not yet include damage from Hurricane Harvey, which, according to preliminary estimates, can cost America $ 180 billion, or Hurricane Irma of the fifth category 5, the damage from which...

Real estate has long been a real and valuable asset all over the world. According to a study by Savills, the total cost of all commercial and residential real estate in the world amounts to $ 200 trillion. At the same time, all residential buildings on the planet cost $ 168.5 trillion, or 84% of the total cost. More than 70% of this amount fall on these 10 countries: China China occupies the...

European Commissioner for Competition Margrethe Vestager said that the European Union (EU) is preparing a legislative project that will protect European technology companies from hostile takeovers by foreign companies or states. Thus, the EU reacted to earlier calls from Germany, Italy and France. The leading countries are concerned about the growing interest of Chinese state companies. At...

The Korean Peninsula is currently the most dangerous point in the modern world. North Korea may already be able to launch an intercontinental ballistic missile that could hit major US cities. It is unlikely that Pyongyang will abandon its nuclear weapons, despite tough sanctions from the United States and the UN. Against this background, South Korea should prepare for the process of unification...

Mexico will leave the negotiating table if US President Donald Trump continues to threaten to begin the process of withdrawing from the North American Free Trade Agreement (NAFTA), Mexican Foreign Minister Luis Videgaray said, Reuters reports. On Monday, Trump said that he might have to withdraw from the agreement in order to obtain what he considers to be a fair trade agreement with economic...

Industrial automation can turn China into a hi-tech center of innovation, and it is in full swing now - faster than in any other country, reports Bloomberg Intelligence. According to the International Federation of Robotics (IFR), last year the production of robots increased by 27% to 90,000 units in China. This is an absolute record in the world and almost a third of the world's total. According...