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...

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...

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...

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...

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...

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...

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...

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...