World & Politics
Japanese government to attract 500,000 foreign workers - 05/31/2018
The Government of Japan intends to simplify entry to the country for foreign workers with low and medium qualifications. Until 2025, the authorities hope to attract up to 500,000 workers who are sorely needed in agriculture, construction, shipbuilding and the service sector. The government of Japan can officially announce initiatives to attract foreign workers in mid-June. Several media reported...
Mariano Rajoy may lose the Prime Minister seat due to corruption scandal - 05/31/2018
The Prime Minister of Spain, Mariano Rajoy, is under threat of resignation. The reason is a corruption scandal involving high-ranking members of the People's Party headed by him (NP). Today, the parliament will discuss the expediency of passing a vote of no confidence in the government, and on Friday will vote on this issue. Pedro Sanchez, the leader of Spain's main opposition force, has already...
Venezuelan authorities are getting ready to denominate the bolivar - 05/30/2018
Venezuela warned enterprises that they should not slow down operations during denomination planned by the authorities. However, critics believe that monetary reform could lead to chaos due to the speed of its conduct. Venezuelan President Nicolás Maduro said in March that the country’s currency, the bolivar, will be denominated on June 4, and the central bank has already published photographs of...
What to expect from Italy? - 05/29/2018
Brussels is not in a hurry to comment on the events taking place in Italy, but it is obvious to everyone that this is the worst scenario for the European Union. There’s not much that the Five Star Movement and the Northern League, which created the ruling coalition, have in common, yet, extremely negative attitude towards the EU is one of those things. Both parties hastened to reassure the...
Emissions trading is growing but it's still not enough to reach the Paris Agreement goals - 05/28/2018
Increasingly more countries and regions of the world are introducing various forms of "carbon prices" in the form of a carbon tax or quotas and the markets they are using, according to new research by the World Bank and the International Emissions Trading Association. The future of the sector largely depends on success of introduction of the national system of trade in quotas in China, analysts...
Germany and China agree to preserve the Iran nuclear deal - 05/24/2018
Angela Merkel is currently discussing with the Chinese leadership issues of improving the working conditions of German firms in China, maintaining a nuclear deal with Iran, the North Korean nuclear program, and human rights. German Chancellor Angela Merkel and Premier of the State Council Li Keqiang spoke in favor of free trade and international approaches to crisis management. Germany and China...
The US and China agree on expanding trade turnover - 05/21/2018
China has agreed to "substantially increase" volume of purchase of American goods, so both countries will refrain from raising tariffs and declaring trade wars, US and PRC representatives said on after negotiations that ended on Saturday. Details of the transaction have not been announced, and it is expected that their agreement will take additional time. However, according to Finance Minister...
Ireland is afraid of a catastrophic Brexit - 05/18/2018
The Prime Minister of Ireland, Leo Varadkar, expressed serious doubts about future negotiations on the Brexit issue on Thursday morning, suggesting that the UK risks leaving the EU without a deal if the government argument lasts until June. Speaking before the meeting with British Prime Minister Theresa May, the Prime Minister told reporters in Sofia, the capital of Bulgaria: "We doubt that we...
The reign of Madrid over Catalonia ended. What now? - 05/17/2018
Election of Quim Torra as head of the most economically developed Spanish region does not promise the central government of Spain anything good. Obviously, the struggle for the secession of Catalonia will continue despite the change of power in Barcelona. The direct rule of Madrid in Catalonia, proclaimed late last year after a serious confrontation between the central authorities and Catalan...
Europe is missing opportunities for reforms - 05/16/2018
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....
