Tax Minister of Denmark Karsten Lauritzen said that his country will buy a part of Panama Papers containing information on those Danes, who used the offshore to hide their profits from taxation. According to Danish media, the country will pay 1 million to 9 million kroner ($ 150 thousand -. $ 1.4 million) to obtain information on 500-600 citizens of Denmark. According to Tax Minister of Denmark...

Almost 3% of UK workers have zero-hour employment contracts. This is an employment contract under which an employer does not guarantee daily employment, but pays only for hours that an employee actually worked, according to the UK Office for National Statistics. According to Reuters, number of people working in such conditions, has increased by 20% in comparison with the previous year. This is...

Minister of Internal Affairs of Austria Wolfgang Sobotka said his country would sue Hungary, if Budapest refuse to take back refugees allowed to leave the country, according to Reuters. He said that "countries and groups of countries that systematically violate the law must take the consequences of this." Hundreds of migrants have passed through southern Europe to Austria, Germany and Sweden in...

This year, developing countries could raise a record amount in the global debt markets, reports Financial Times (FT). This is facilitated by extremely low interest rates in developed countries. Since the beginning of 2016, governments of developing countries have already issued bonds for $ 90 billion. JPMorgan Chase estimated that they will attract more than $ 125 billion of external loans by end...

Today’s coffee market is estimated at around $ 19 billion. Every day, people in the world drink more than 2.25 billion cups of this beverage. However, it looks like coffee addicts will soon have to limit their appetites. Results of a recent study "A Brewing Storm" suggests that climate change would lead to a reduction in coffee production by 50% in the next decade. If the situation does not...

The IMF admitted that G20’s efforts to accelerate the global economy failed. The fund considered impossible a goal of increasing total GDP of the G20 by 2% by 2018. The target was set at a summit in 2014. Next meeting of G20 leaders will be held on September 4-5 in Hangzhou China. In preparation, the International Monetary Fund (IMF) acknowledged that attempts to increase the world's GDP turned...

A fine of 13 billion euros ($ 14.5 billion), imposed on Apple for not paying taxes in Ireland, may become a precedent for further expansion of the list of large high-tech companies at fault. This week, the European Commission (EC)competition authority demanded that Apple pays tax of 13 billion euros ($ 14.5 billion) in Ireland. Report of the European Commission states that Ireland has allowed the...

Growing consumer spending and exports lifted Spain's economy by 0.8% in the II quarter in the annual comparison, the country's statistics agency reported. According to estimates of its experts, the economy could grow by about 3% by the end of 2016. Since December last year, the country has been running virtually without a government, yet the economy is still showing a steady growth. Despite the...

Venezuela has attracted more than $ 5.5 billion investments in mining projects located at the southern end of the country, said President Nicolas Maduro. "Today we are signing an agreement on investments and liabilities of 5.5 billion dollars" – Maduro’s statement at a meeting with foreign investors quoted by Mexican Portal El Economista. The main investors are Canadian Barrick Gold Corp, the...