The largest corruption scandal in Latin America’s history is growing in strength, having already affected ten countries. The initiator was Brazilian construction company Odebrecht, which for a long time has been bribing high-ranking politicians of various countries in order to obtain lucrative contracts. A two-day extraordinary meeting of Attorney Generals of affected states is opening today in...

Finland’s experiment with unconditional basic income (UBI) is going to work out, believes the country's largest trade union. In January, two thousand unemployed Finns aged 25 to 58 years received benefits in the amount of $ 600 under a new social security system from Government of Finland. "We believe that social security policy is being implemented wrongly", - said Ilkka Kaukoranta, chief...

At first glance it looks like China is a country where income inequality has reached far larger proportions than in the US. Hundreds of billionaires dominate the small middle class in China, while the rest of the population lives on less than $ 1 a day. However, recent data suggest that a similar problem of inequality in the US has expanded much wider than in China. US National Bureau of...

North Korea is preparing to launch an intercontinental ballistic missile (ICBM) or to hold a new nuclear test. This was announced today by a member of intelligence committee of South Korean Parliament Lee Cheol-woo. The statement came amid condemnation of Pyongyang's actions by members of the UN Security Council. They threatened the North Korean leadership with "further substantive measures" in...

Discord between the IMF, the Greek government and other European institutions, politicians and civil servants broke just before a meeting of finance ministers of the EU countries on Feb. 20. Last week, price of Greek bonds fell sharply, yield of two-year securities rose to 10%. These levels have not been seen since last June. The Eurogroup wants to the crisis to be finished before February ends...

US federal appeals court ruled that Donald Trump’s executive order "Protecting the Nation from Foreign Terrorist Entry into the United States" will not be renewed. The US president, in turn, has already promised to appeal the decision, and to seek to ban Syrian, Iranian, Iraqi, Libyan, Somalian, Sudanese and Yemenite nationals entering the country. The federal appeals court of the US refused to...

After what slowly became a real build-up to the decision, Sweden is opting for a last-minute turn-around. Cash-killing supporters around the world are much disappointed with the change of heart, as Sweden was expected to be the champion and testing ground for the socio-economic experiment.

Despite the "Trump’s bullish effect" and traditional preconception that the Eurozone is fighting with endless stagnation, the Old World is outriding the New. Last year, the euro area’s growth rate was higher than in the United States, and the trend may continue for another two years. However, problem countries like Greece and Italy can trip beginning of the rally up. Despite fears of Italian...

Chinese Ministry of Public Security said today that every foreign national between the ages of 14 to 70 years, entering the country will be fingerprinted. The new rule comes in force tomorrow, and will not concern diplomatic staff. The measure, which is introduced in order to strengthen security of China, will be introduced at the airport in Shenzhen at first, and then will be extended to all...