World & Politics
Chinese economy in 2017 grew better than expected - 01/18/2018
Preliminary data of the PRC government shows that the country's economy as a result of 2017 grew to 6.9%. Both the Chinese government and the experts of the International Monetary Fund (IMF) forecast that this indicator was lower - about 6.5%. By the end of 2017, China's GDP growth rate was by several percentage points higher than the country's own forecast. According to preliminary data, China's...
Rand Corporation: Any type of Brexit will harm the UK - 01/18/2018
The economic consequences of Britain's withdrawal from the EU will depend on whether trade agreements with other countries can push the growth of the economy the same way as the government of the country expects. However, according to the American analytical center Rand Corporation, almost all exit options will have a negative impact on trade and investment. "Hard" Brexit without an agreement...
Three challenges for the European Union in 2018 - 01/17/2018
The crisis of 2008, which caused the world's greatest recession since 1929, is clearly the reason for the increasingly obvious weaknesses of the American system, such as extremely weak regulatory mechanisms, a sharp increase in inequality, and growth of debts of the poorest segments of the population. Relying on a more equitable and inclusive development model, Europe could take advantage of an...
WEF: Global industry is not ready for a revolution - 01/16/2018
The fourth industrial revolution and new technologies, such as the Internet of things, artificial intelligence, robotics and 3D printing, are prompting the development of production practices and business models that will greatly change the sphere of production, experts of the World Economic Forum (WEF) state. This threatens the traditional model of competitiveness, based on the export of cheap...
China is sidelining the US in the South America - 01/16/2018
The fight between America and China has become one of the dominants of the life of the planet. The war is going on throughout the world, not just at the borders of the two major world economies. To many political scientists, this fight resembles a cold war between the US and the USSR, with the only difference being that the prize is the leadership on global markets, writes National Interest (NI)....
Venezuela will issue its own crypto currency in six weeks - 01/12/2018
The Venezuelan government, led by President Nicolas Maduro, announced plans to pre-mine its own crypto currency (PetroCoin), despite a boycott by the parliament. It is expected that the new crypto currency will be available for circulation in six weeks, local newspaper El Universal reports. The manager of crypto-currencies and related activities, Carlos Vargas, said: "It will be impossible to...
The ECB will revise its rhetoric in early 2018 - 01/11/2018
The European Central Bank (ECB) is expected to reconsider its position on monetary policy statements at the beginning of 2018 and gradually adjust its rhetoric to reflect the improvement of growth prospects in the euro area. This is reported by Reuters referring to the minutes of the December meeting of the regulator. Changes in the ECB's statements on monetary policy are likely to be perceived...
European economy is on the rise in spite of political turmoils - 01/09/2018
The European economy is entering 2018 on a big rise. Now the situation in the EU economy is better than ever. Harald Magnus Andreassen, chief economist at Sparebank1 Markets, says: "Until a few years ago, many believed that Europe was cursed. It was alleged that there was something structurally incorrect in the economy, something that prevents growth. Now we see that this analysis was erroneous....
Computer algorithms and security cameras reduced number of murders in the US - 01/09/2018
The number of murders in the largest cities in the US has markedly decreased in 2017, having dropped to historically low rates in some of them. For instance, 290 people were killed in New York over the past year, and this is the best result in the last half-century. The local police increased number of surveillance cameras and introduced computer algorithms. They predict where the crime would be...
DW: Germany urgently needs foreign workers - 01/08/2018
The economic recovery led to record employment and exacerbated shortage of qualified personnel in Germany. This problem cannot be solved without labor migrants. In 2017, Germany recorded a record low unemployment and a record high employment. Experts are confident that the boom in the German labor market will continue in 2018. This means that the deficit of qualified personnel, especially in some...
