World & Politics
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...
Germany: Economic growth without government - 12/27/2017
It's surprising, but true: the German economy is growing and, seemingly, will grow further. Experts raised the forecast of the GDP growth rate in Germany in 2017-2018. Experts are unanimous: Germany is experiencing an economic boom, and in 2018 it will increase. Immediately several large German analytical centers and economic institutions raised their official forecasts of GDP growth in the...
The Economist: France is the biggest surprise in 2017 - 12/26/2017
Every Christmas starting from 2013, the British magazine The Economist chooses "the country of the year." Rogue states, such as North Korea and Iran, are not considered. The list also excludes those that have enormous influence thanks to their size or economic power, that is, China and America. The main criterion for victory is the scale of changes for the better within the country or its...
China to launch the world's largest national carbon trading scheme - 12/25/2017
China is going to launch the world's largest national system of trading greenhouse gas emission quotas. The new regulatory system will make energy sector enterprises responsible for almost 40% of greenhouse gas emissions. The introduction of the system will help both to reduce emissions in China itself, which is the world's number one by volume of greenhouse gas emissions, and to test a new model...
Greek eco-anarchists are going to poison customers of supermarkets - 12/22/2017
Participants of "Green-Black Commando" group are wanted by the Greek police. Under the slogan of combating consumerism, the group allegedly poisoned several popular food products with hydrochloric acid and put them furtively in supermarkets in Athens and Thessaloniki. The authorities urged consumers to temporarily refuse to purchase these products. Now, the products are being withdrawn from the...
Eight gloomy predictions from Bloomberg - 12/21/2017
Bloomberg agency published the "Pessimist's Guide" - eight scenarios of the most dangerous events that can occur before 2028. Bloomberg emphasizes that the presented scenarios are not forecasts, but "provocative ideas" that will make you think about how quickly the world changes. The end of the oil era Mass production of cheap electric vehicles will begin in 2018 thanks to the breakthrough in...