Sweden is the first country where cash is almost out of circulation. Has gone this process too far? The trend for the denial of cash in Sweden is increasing. Almost everyone there is now paying with a card or a mobile phone. However, the local authorities are starting to worry about this process, writes Bloomberg. In early summer, the central bank of the country should issue a report, where the...

Can the number of pregnant women, the length of skirts, men's underwear and the height of skyscrapers predict a recession? Number of pregnancies The decrease in the number of pregnancies is a sure sign of the approaching recession in the economy, the National Bureau of Economic Research of the USA (NBER) has revealed. The number of conceptions began to decline at least six months before the...

British oil companies intend to launch several new projects in the North Sea. This will give the UK a chance to regain the title of a net oil exporter in the near future. Given that the United States is constantly increasing production, the plans of the British are bad news for Russia and OPEC, which are trying to balance the market with agreements. According to a study by JBC Energy GmbH, the...

Greece will need a financial "safety net" after the program of financial rescue of the country ends in August, the head of the Greek central bank said, Reuters reports. Greece received 260 billion euros in financial aid since 2010, and the third phase of the program will end in August 2018. Athens, seeking to show that they can already access the debt markets, already attracted 3 billion euros...

The US Department of Commerce called for a sharp increase in duties on imports of steel and aluminum. The European Commission is preparing retaliatory measures: the union may ban American motorcycles and whiskey. The European Union is preparing for a trade war with the United States. If Washington's restrictions on the import of steel and aluminium affect European enterprises, then the EU can,...

As the Brookings Institution in Washington said, the humanitarian crisis that is unfolding in Venezuela may in the near future surpass in scale the one that was taking place in Syria. There is an acute shortage of food and basic medicines in Venezuela, infant mortality is high, and the government has refused to pay the national debt. 4 million people have already fled the country, and this figure...

On the eve of the March congress of the French extreme right-wing National Front party (FN), its leader Marine Le Pen said that she was ready to change the name to a more peaceful one and give way to a "more suitable" candidate in the next presidential election. The hype surrounding the National Front has risen in connection with the two upcoming congresses of the party: one will be held in Lille...

In 2017, the Italian economy showed the worst growth rates among European countries. The level of the public debt in 132% of GDP remains main threat for the republic. At the same time, analysts believe that this problem will not be solved in the foreseeable future as indicator of the volume of bad debts remains one of the highest in Europe. The situation in the economy of the southern European...

In the medium term, the growth of the British economy may amount to 1.5% (a cheap pound stimulates exports, partially compensating for a decrease in consumption in the domestic market). However, such a scenario will become possible only if negotiations on a future trade agreement with the EU and on the transition period end successfully. To assess the real consequences of Brexit, that is, changes...