The International Monetary Fund (IMF) noted strong economic growth in Europe, mainly driven by domestic demand. At that, the organization warned that governments do not use favorable conditions to reduce their debts and implement reforms. This is reported by Reuters. The IMF predicts that growth in European advanced economies, mainly in the euro area, will slow to 2.3% in 2018 from 2.4% in 2017....

New Scientist conducted an investigation and found that personal data of 3 million users of a popular Facebook application myPersonality were freely available. Developers of the application, Cambridge University staff, provided the user data to numerous research projects and organizations. However, the information went through an inadequately protected website, which put the security at risk. New...

The global volume of debt burden reached a new record level. The total debts of states, corporations and households now amounts to $ 164 trillion, which is equivalent to 225% of global GDP, the International Monetary Fund calculated. The previous record was fixed in 2009 against a background of a recession - 213% of GDP. In fact, countries have not reduced their debt burden after the global...

The "spiral of death". This is how you can describe the current situation in the oil industry of Venezuela. Energy companies and investors should closely monitor this, says Dow Jones. The oil production of Petroleos de Venezuela SA, the oil company of Venezuela, is rapidly declining, but some investors suggest that the company will continue to supply the world market with oil and will keep the...

Millions of tourists use Airbnb and other resources to find affordable housing. However, authorities of large cities do not like it as there’s not enough apartments for local residents. Berlin: Airbnb and the problem of housing shortage Since May 1, private individuals in Berlin can sublet the apartment, in which they live, to Airbnb, without temporary restrictions, provided that they continue...

Miguel Díaz-Canel, who in April replaced Raúl Castro as president of Cuba, is trying to overcome the permanent economic crisis. To this end, Cuba seeks to attract foreign investment. Negotiations on a number of projects - from infrastructure and agriculture to tourism and energy - are already underway, diplomats and foreign businessmen say. However, Diaz-Canel does not want to weaken the...

Italian politicians, instructed by President Sergio Mattarella, have been trying to agree and create an effective coalition government for more than a month. So far, however, all efforts to find a compromise and create a ruling coalition, have failed. This week, the leader of the Five Star Movement Luigi Di Maio, who, just like the League leader Matteo Salvini, wants to lead the government,...

Rapid melting of the Arctic ice made Washington and other countries urgently adopt strategies in relation to the northern part of the planet. The US strategy is expected to be promulgated this summer. Initially, the document was expected to be in force for 16 years. However, the melting is so fast that the strategy will have to be revised in four years. The concern of the Arctic states and the...

The government's privatization program calls for raising 35-40 billion riyals ($ 9.3-10.7 billion) by 2020 through the sale of sports clubs, flour mills and a water desalination plant, Director General of the National Center for Privatization (NCP) said. According to him, the water desalination plant’s sale, which is part of the Saline Water Conversion Corporation, should bring the bulk of the...