President of France Emmanuel Macron paid his first state visit to the United States. Meetings and negotiations in Washington will largely determine future relation between the US and its European allies as President Macron arrived in Washington to speak on behalf of not only France but also Europe. Among the most acute problems is development of a common position on the Iranian nuclear deal,...

Spanish GDP per capita in 2017, at purchasing power parity, surpassed that in Italy for the first time since 1998, states a report by the International Monetary Fund (IMF). According to IMF forecasts, in five years the Spanish indicator will be 7% higher than Italian, although ten years ago Italy was ahead by 10%. Moreover, the fund experts predict that such countries as Slovakia and the Czech...

Everybody, including Beijing and Washington, realizes that the longer the trade war between China and America lasts, the more damage will be done to the world economy. Nevertheless, the conflict will apparently linger for a long time, because no one is going to concede, at least now. Chief financiers will the trade war unfolding between America and China at a meeting, which will be held this week...

Various financial services have covered two-thirds of the world's adult population. 69%, or 3.8 billion people, have bank accounts or a mobile payment service provider, according to a World Bank (WB) report on the use of financial services. In 2011, this indicator was 51%, in 2014 - 62%. However, the gap between developed and developing countries remains as the shares of consumers of financial...

The President of Italy, Sergio Mattarella, handed to the Speaker of the Senate Elisabetta Casellati an exploratory (trial) mandate, which implies checking the possibility of forming a parliamentary majority on the basis of the "Right Center" and the "Five Star" movement. The country needs to accelerate the sluggish process of government formation because of aggravation of confrontation between...

German Social Democrats have increased pressure on conservatives of Chancellor Angela Merkel to support proposals for reforming the Eurozone, according to their coalition agreement, Reuters reports. Those conservatives that support Merkel also want to limit her ability to carry out reforms in the euro area, says Reuters referring to files. These plans could damage Germany's relations with France...

China is actively investing in the countries of Central and Eastern Europe, while the European Union refuses to subsidize the region. In exchange for investing in the infrastructure and economy of Eastern European countries, Beijing receives a tacit approval of its actions as the EU is apparently unable to come to an agreement. "Our goal is to see a prosperous Europe," said Prime Minister Li...

Forecasts of the Institute of International Finance (IIF) suggest an increase in a gap between economies of the world in terms of growth rates in the coming years. Developed economies, including such large ones as the US and the EU, will be growing at a rate of no more than 3% per year until 2019, while emerging markets - primarily China and India – will be outpacing them in terms of GDP growth...

India has already become the fastest growing economy in the world at the end of 2017. However, the country's GDP can grow at double-digit rates soon. India's GDP, according to the forecast of the Central Bank of the country, will increase by 7.4% in fiscal year 2019 after an increase of 6.6% in the previous year. "The steady growth rate is about 7%, and it can be greater with the support of...