The Strategist
World & Politics

Walk Free Foundation: North Korea and India are topping the Global Slavery Index - 05/31/2016

The human rights and charity foundation Walk Free, leading the fight against slavery, published its latest Global Slavery Index. The document says that by now, there are 46 million people are working in slave-like conditions throughout the world. Most of them are residing in India and North Korea. However, cases of slavery have been observed in all 167 countries, where the WFF studied the...

North Korea can be accused of cyber theft - 05/27/2016

According to Internet security experts of Symantec, hackers, who in February stole $ 81 million from the Central Bank of Bangladesh accounts, may be involved in a greater number of cyber-attacks on banks. Among them are hacks of the Vietnamese Tien Phong Bank and an unnamed Filipino bank. Some reports say that more than 10 banks were attacked in total. Since the software used to cyberattack the...

Panama Canal to redraw the world trade map - 05/26/2016

The Panama Canal may again provoke reshaping global trade after a hundred years after the large-scale restructuring of the world market. During the nine years of construction work worth more than $ 5 billion, the Panama Canal got equipped with a third set of canal locks and deeper navigation canals. A number of additional improvements also make possible to double the isthmus’ throughput capacity...

Greece persuaded the European Commission to unlock the key tranche of € 10,3 billion - 05/25/2016

EU ministers have reached an agreement on the allocation of € 10,3 billion to Greece. Besides, they decided to mitigate a number of conditions for further assistance. This agreement has already been called a breakthrough in the negotiations with Greece, as the main condition for the release of a new tranche would be performance of commitments for the anti-crisis reforms by the new Greek...

Cameron: Turkey will join the EU after 3000 - 05/24/2016

David Cameron is trying to shift attention from upcoming ‘Brexit’ referendum to Turkey's problems. In particular, he says that the country will probably not be ready to join the EU "befor the year 3000", given its current pace of the necessary changes. Supporters of ‘Vote Leave’ campaign published posters ‘Turkey joins the EU’ accompanied with an image of a British passport, which clearly alludes...

Singapore revokes a commercial banking license for the first time in 32 years - 05/24/2016

Financial Authority of Singapore informed that they are annulling license of local branch of BSI Swiss bank. This is the first case of revocation of a commercial bank’s license registered in the country in 32 years. Financial Authority of Singapore sent to the local division of the Swiss bank BSI notice of withdrawal of its license due to "serious violations of money laundering legislation,...

Kuwait and the oil crisis: Not save but spend as much as possible - 05/20/2016

Kuwait's Deputy Prime Minister Anas al-Saleh said that the second richest country in the Middle East is responding to the oil crisis not by cutting costs, but with a concept "spend as much as possible" to support economic growth. He noted that the government will not cancel any projects. At the same time, the authorities are trying to reduce unnecessary costs to cope with the budget deficit,...

Mark Zuckerberg discussed censorship with conservatives - 05/19/2016

On Wednesday, head of Facebook Mark Zuckerberg met with a dozen US politicians who hold conservative views. The reason for the meeting was the recent allegations towards the social network. Facebook was accused in censoring messages from conservative-leaning media. In response, Mr. Zuckerberg said that it his company finds such actions pointless, and called to build a trusting relationship. The...

Gold: a dainty bit for investors all around the world - 05/18/2016

Chinese ICBC Standard Bank obtained one of Europe's largest warehouses for precious metals from the British financial conglomerate Barclays. The safe is located in London. It is capable to keep 2 ths. tons of gold or another precious metal, which is equivalent to the sum of more than $ 80 billion. ICBC Standard will be the first Chinese bank with its own storage and related businesses in the UK....

Income of illegal migrants carriers reached $ 6.5 billion in 2015 - 05/18/2016

Europol and Interpol issued a joint report on a study of migration flows within the EU. The document is the organizations’ official call to fight against criminal organizations involved in smuggling of migrants and their coordination within the European Union. According to the document, 90% of migrants make their way to Europe with the assistance of organized criminal groups. "I am pleased to...
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