World & Politics
Demographia: Housing in Hong Kong is the most expensive in the world - 01/25/2017
According to annual report of Demographia research company, housing in Hong Kong was the least affordable in the world in 2016. Average cost of real estate there was 18.1 times higher than average annual household income. In total, Demographia’s analysts have studied more than 400 cities in nine countries. Of them, New Zealand (5.9) and Australia (5.5) are noted as states with the most expensive...
Ten facts about Barack Obama’s presidency - 01/24/2017
Barack Obama was the 44th US president, and his 8-year presidential term ended on January 20. During these eight years, the country was faced with the worst economic disaster since the Great Depression. As a result, the U.S. has changed its economy and political system. In addition, during all eight years the country has been at war with different groups and for different reasons. All changes,...
Depleted oil fields are a stumbling block to Scotland's independence - 01/23/2017
Over the past 40 years, oil and gas fields in the North Sea have been one of the major "cash cows" of the British Treasury. However, new calculations show that the situation can soon change dramatically. Decommissioning of old wells would require a total of about £ 24 billion of taxpayers' money, which is more than expected profit from extraction of remaining resources in the fields (and more...
Trump university and Washington protests: the U.S. is preparing for Donald Trump's inauguration - 01/19/2017
It is just one day before inauguration of Donald Trump. The closer the day of his inauguration, the more scandals are emerging around the US president-elect: a lawsuit, a boycott by the congressmen, diplomatic complaints from Beijing and protests in Washington. According to American intelligence services, inauguration of the 45th US president will be visited up to 900 thousand people, which is...
Australia sells a record number of bonds - 01/18/2017
The Australian Government has placed 9.3 billion Australian dollars ($ 7 billion) of bonds with maturity in December 2021. This issue of bonds is the largest in the country’s history. According to Bloomberg, demand among investors for Australian bonds was high, in spite of doubts about the country’s higher credit rating and the government's ability to cope with the budget deficit. Forecast of...
Davos World Economic Forum and its famous faces - 01/17/2017
Another 47th World Economic Forum is held 17 to 20 January in Davos, Switzerland. The 2017 theme is "Responsive and responsible leadership" and, as expected, will bring together a record number of participants, that is, about three thousand representatives of government, business, international organizations and civil society. The forum, which is taking place in the course of about 400 sessions,...
Will renewables become new oil for Saudi Arabia? - 01/16/2017
Italian energy company Enel SpA intends to expand into renewable energy in Saudi Arabia. "We will wait for the first tenders in Saudi Arabia," - said the company’s CEO Francesco Starace. The company is banking on Saudi Arabia’s interest to renewable energy in connection with lower costs of building solar power plants infrastructure and generation of electricity from solar energy. "They (the...
What do Asia fear? - 01/12/2017
Asia is quaveringly waiting for inauguration of US President Trump. He proclaimed about-face, which, to displeasure of the Japanese, could increase China’s influence. Now, representatives of various industries are meeting at information events across the country. During these collective workshops they are coming to tricky topics such as customs and classification of producer countries. ...
British financial market could lose more than 200 thousand professionals - 01/11/2017
General Director of the London Stock Exchange (LSE) Xavier Rolet said that British financial sector could lose about 232 thousand jobs due to Brexit. In addition, Head of the LSE fears that the country's exit from the EU could lead to even greater instability in the financial markets. At today's meeting of the committee of the British Parliament on the financial markets, Xavier Rolet of the LSE...
U.S. Democrats are set to prove Russian election hacking threat - 01/10/2017
Members of the Democratic minority in the US Congress is encouraging establishment of an independent commission to investigate "Russian interference in the elections in the United States". The politicians are proposing to take a fact-finding committee on the 9/11 terrorist attacks as a model. Representatives of the Republican majority has not yet spoken in favor of this step, so prospects of...
