Experts from International Living, which provides emigration and relocation services, have compiled their annual Global Annual Retirement Index. Moving into another country after retirement is a new trend in the world. This is especially popular in the United States. Local pensioners often leave America for cheaper countries, or countries with a more favorable climate. According to official data,...

Italy managed to avoid introduction of EU sanctions because of the excess deficit of the state budget this year. At the same time, however, Rome is recommended to take a series of measures that will result in higher taxes and tariffs in the next year, writes Il Giornale. Brussels demands that Italy bring the deficit of the state budget to 1.2 percent of GDP by 2018, which implies "substantial...

The administration of Donald Trump presented its first budget for the 2018 fiscal year. It involves cuts in social programs’ funding, higher defense spending, as well as new sources of income, including the sale of half of the oil reserves. The budget’s authors relied on acceleration of US GDP growth to 3% and the fact that tax cuts will pay off due to increased fees. Most experts consider such...

Spain's Prime Minister Mariano Rajoy reacted extremely harshly to news that the Catalan authorities had prepared a road map for the region's independence. As El Pais reported yesterday, the Catalans have drafted a bill on "legal transition", which will have to replace the Spanish constitution for the time being. The transition period, during which the new "parliamentary republic of Catalonia"...

The European Court's decision on a trade agreement between the EU and Singapore can either facilitate or significantly complicate arranging an agreement on free trade between the UK and the EU after Brexit. The Court ruled that the treaty with Singapore in its current form is subject to ratification by all 38 parliaments of 28 member countries, which would delay its conclusion for years. At the...

International rating agency Standard & Poor's (S&P) confirmed Australia's highest credit rating "AAA", pointing to a low level of public debt and economic stability. At the same time, the agency still has doubts about ability of the country's government to return to the budget surplus Last week, the Australian government promised to ensure a small surplus in 2020/21 after more than 10 years...

The European Commission has slightly raised its forecast for the growth of the euro area economy in 2017 - up to 1.7% from the expected 1.6%. The forecast for 2018 is confirmed at 1.8%. All members of the Eurozone, except Italy (0.9%), will show growth above 1% in 2017. European economy has been recovering during five consecutive years, the report says, and the trend will continue in 2018. The...

President and Chief Legal Officer of Microsoft Brad Smith actually laid the responsibility for Friday's cyberattack of the world countries’ governments. In his blog, he urged state structures to stop "accumulating vulnerabilities", and called the attack itself a warning for everyone. Last night, Microsoft’s official blog has published Brad Smith’s statement dedicated to an attack of the WannaCry...

Voting in the federal state of North Rhine-Westphalia culminated in the victory of the Christian Democratic Union (CDU) led by Angela Merkel. The CDU won 33% of the vote, ahead of its main rival, the Social Democratic Party of Germany with 31.2%. The gap looks minimal at first glance, yet experts and media consider this a success for Angela Merkel, as voting in the most populated states of the...