Nicholas Maduro is trying to convince foreign companies in need to continue working with the company, which he himself called "our favorite PDVSA," Bloomberg writes. This is the state-owned oil company Petroleos de Venezuela SA, which is struggling to cover its debts and reverse the decline in production, which reached a minimum of 14 years in June. But, according to Maduro, there is nothing to...

The Saudi authorities are going to develop beach tourism in order to compete with the country's neighbors, Egypt and the UAE. Currently, the kingdom is popular mainly among pilgrims since the country hosts main Muslim shrines - Mecca and Medina. The development of tourism is a vital necessity For Saudi Arabia, since the revenues from oil exports are declining. The Saudi authorities want to...

Batches of chemical-contaminated chicken eggs have been found in two food factories in France. Britain is urgently investigating distribution of these products. The scandal with Fipronil-infected chicken eggs has already affected France and Britain. Following the example of Germany, the Netherlands, Belgium, Sweden and Switzerland, the countries can begin to seize this product from stores. This...

Globalization and new opportunities for travel resulted in the fact that number of tourists traveling to foreign countries is growing every year. Accordingly, incomes of the most popular touristic countries are also growing. Some are more popular than others, but not all countries are equally dependent on tourist flows. Countries with the largest GDP in the tourism industry include the...

The Minister of the Interior Gérard Collomb told Journal de Dimanche about how the country's leadership intends to respond to external threats. Gérard Collomb’s interview turned out to be a response to a recent speech of French President Emmanuel Macron, who set his administration's goal: "No immigrants on the streets." This desire is not easy to implement, although Mr. Collomb announced 3.5...

This week, the Central Bank of the Czech Republic may launch a program of tightening monetary policy after 3 years of stimulation. 12 out of 22 economists surveyed by Bloomberg expect this event to be announced at a meeting on August 3. Now the figure is at a record low level of 0.05%. Experts predict that the rate will increase immediately to 0.25%. At the same time, monetary regulators in the...

Citizens of the EU countries can now use mobile communications without roaming for more than a month. The payment was canceled on June 15, just at the beginning of the holiday season. Now, a traveler across Europe can buy just one SIM card that can be used all over the EU and even in a number of other countries. The price of calls, sms-messages and mobile Internet will equal to the same price in...

The Swedish government found itself in the center of a scandal involving one of the largest data leaks in the country in the last decade. In 2015, the Swedish transport agency handed over databases with confidential information, including information on drivers' rights to the Swedes, military vehicles and even emergency plans, to foreign IT professionals. Scandal can deprive three ministers of...

Bank of Japan’s Deputy Chairman Hiroshi Nakaso said that the services sector has simplified operations to avoid the transfer of labor costs to consumers. However, there are indications that companies will raise prices in the future, Reuters reports. Nakaso, in a speech to business leaders in Hiroshima, western Japan, also expressed confidence that inflation would reach the Bank of Japan target of...