World & Politics
Saudi Arabia is going through revolutionary changes - 11/09/2017
Saudi Arabia is experiencing the biggest turmoil in its 85-year history. A decree of King Salman gave rise an unprecedented anti-corruption campaign, during which 11 princes from the ruling family, a number of high-ranking officials and influential businessmen were arrested. The initiator of the arrests is the king’s son, the young prince Mohammed bin Salman, who proclaimed a program of radical...
Japanese employers and American workers: Trump’s criticism of Japan is unreasoned - 11/08/2017
On Monday, US President Donald Trump once again criticized Japan for trade, saying during a visit to Tokyo that the country's automakers should "try to produce their cars in the United States, and not send them" to the United States. However, Japanese officials might note that they are already doing this by hiring tens of thousands of Americans, and that Japanese companies in the United States...
Britain outlines its trade and customs future - 11/07/2017
Today, the government of Theresa May is submitting a draft of customs and trade legislation to the parliament. The paper will enter into force after the country leaves the EU. The UK calls its key task the preservation of the terms of trade agreements with the EU countries, as well as the ability to enter into customs agreements with each of the participants of the European economic bloc...
Paradise Papers: New secrets of ultra-rich - 11/06/2017
Yet another major leak of offshore documents has been revealed. Appleby group, which works on the Bermuda and Cayman Islands, confirmed report of ICIJ journalist consortium (International Consortium of Investigative Journalists) about it. It is about 13.5 million confidential documents from the group’s correspondence with its clientele. The most interesting are leaks of Glencore documents. In...
Venezuela introduces 100 thousand bolivars banknote - 11/03/2017
The Venezuelan authorities put into circulation 100 thousand bolivars, the largest banknote in the country's history. In their opinion, this step should stabilize monetary circulation in the country. At the rate of the black market (the official rate actually does not work in Venezuela) 100 thousand bolivars correspond to $ 2.4. The introduction of a new bill was necessary because of the...
Germany accumulates refugees while Italy says them goodbye - 11/02/2017
By the end of 2016, the number of people seeking asylum in Germany has nearly doubled compared to the end of 2014, reaching 1.6 million people. German media criticize the German authorities for the fact that they lost 30 thousand refugees who were to be deported from the country. The Italian authorities, in turn, reported a 70% decrease in the number of refugees arriving in the country from...
Mexico bets $ 1.25 billion on falling oil prices - 11/01/2017
Mexico spent $ 1.25 billion to protect itself in case oil prices fall in the next year. Was it worth spending such amount of money? Mexico is, in fact, the only major oil-producing country that regularly hedges the price of its supplies. Every summer, Mexico buys options "put", which can be executed in the period from December of the same year to the end of November next. If the price of "black...
Spanish media: Puigdemont to seek asylum in Belgium - 10/31/2017
Carles Puigdemont and several members of his government, who did not recognize their resignation as Madrid reportedly arrived in Belgium on Monday. According to unofficial data, the purpose of their visit is to seek political asylum. Minister of Migration of Belgium, Theo Francken voiced a possibility of such a scenario the day before. Meanwhile, Spain has initiated criminal cases against the...
The United States promises reforms and accelerates the economy - 10/30/2017
The growth rate of the US economy in the third quarter was higher than expected. An increase in GDP of 3% in annual terms contributed to a jump in investment and exports. The administration of Donald Trump promises that such growth rates will be possible to be maintained if the Congress approves the tax reform. However, experts warn that a sharp increase in the budget deficit will not allow...
Asia outperforms the United States by the number of billionaires - 10/27/2017
The number of billionaires from Asia grew by 23%, to 637 people, in 2016, according to a report of UBS Bank and the consulting company PwC. Thus, Asia has overtaken the US in the number of billionaires (563 people). US billionaires are still leading by the size of the aggregate, but this indicator clearly suggests that Asia can come out on top in the coming years. The number of billionaires...
