According to the authors of the traditional study on the cost of living for expats, i.e. people living and working abroad, Hong Kong is the priciest for them. In general, Asia leads the list in this year's ranking, with six cities in the top ten: Hong Kong, Tokyo, Singapore, Seoul, Shanghai and Beijing. There are also two representatives of Europe and Africa at the top of the rating: Zurich (3)...

China and the European Union have agreed to strongly oppose unilateralism and protectionism and not allow such practices to have an impact on the world economy or even lead to a recession. Both sides pledged to protect the multilateral trading system, Vice Premier of the State Council Liu He said on Monday after meeting with European Commission Vice-President Jyrki Katainen. Both sides are...

Early presidential and parliamentary elections were held in Turkey yesterday. They showed that the country still does not have any alternative to President Recep Tayyip Erdogan. In the face of economic and political problems, President and his associates resorted to nationalist slogans and a campaign to expose foreign enemies. As a result, Recep Tayyip Erdogan received 55% of the vote....

The Argentine authorities finally agreed with the International Monetary Fund (IMF) on a new three-year financial assistance program in the amount of up to $ 50 billion. It is expected that the funds will be used to balance the country’s budget, which faced a sharp drop in the national currency rate and capital outflow as early as May 2018. The authorities hope that the first tranche of $ 15...

German Economy and Energy Minister Peter Altmaier and his French counterpart Bruno Le Maire announced creation of a special joint fund designed to support structural reforms in the EU countries. The new initiative is presented in a report released on Wednesday, June 20, by the Ministry of Economy in Berlin. The investments should be allocated to projects that will underline the added value and...

For several years, President of Poland Andrzej Duda has been repeating that the Constitution of the country, adopted in 1997, is outdated and needs to be amended. He prepared and presented for discussion a list of 15 questions for the referendum. The lion's share of questions concerns the internal life of Poland, but the two of them will undoubtedly be of interest to the European Commission,...

The rescue vessel Aquarius with refugees from Africa has moored yesterday to the Spanish coast. More than 600 of its passengers can now apply for a refuge or residence permit in Spain and France. However, the conflict between the European countries around the popular migration routes is still flaming: more ships with migrants will go through the Mediterranean in a warm season, and Rome has...

Long-awaited privatization of state assets begins In France. Paris confirmed that it intends to sell large blocks of shares in the airports operator ADP, the energy and gas company Engie and the organizer of lotteries Française des Jeux (FdJ). On Monday, the government will submit for consideration a draft amendment to the law that prohibits the sale of state assets by the government. The law is...

International investors are concerned about involvement of Europe and Canada in the trade war with the United States. Therefore, they are reducing investments in shares of European companies and companies of other developed countries. At the same time, the investors are willing to increase their investments in US assets, which will benefit both from the trade war and from tightening of the...