The Strategist
World & Politics

Will Saudi Arabia wean itself from oil dependence? - 11/28/2016

So far, Saudi Arabia has been getting through the drop in oil prices. The country’s national currency, riyal, is quite stable against the dollar, while currencies of many oil exporting countries have experienced extensive devaluation in 2014-2016. Riyal - dollar exchange rate was fixed at SAR 3,75/$ 1 in 1986, and has remained unchanged since then. The rate is backed by the central bank’s...

Will Trump's presidency break the Iran nuclear deal? - 11/25/2016

The Iranian leadership has confirmed their willingness not to violate nuclear deal with six international mediators, and fulfill requirements of the IAEA to get rid of surplus of heavy water. Removal of "a certain amount of heavy water" water in Oman was a response to criticism from the agency. Recall that the latter has accused Tehran of exceeding limits on heavy water. The IAEA’s warning came...

South Korean prosecutors raid Lotte Group and SK Group - 11/24/2016

Several state institutions and corporate offices of Lotte Group and SK Group were searched in South Korea within investigation of cases of corruption in the country’s higher echelons. Investigators believe the companies transferred large sums to two non-profit foundations, controlled by a close friend President of South Korea, Choi Soon-sil. She, in turn, influenced decisions of the government...

Gallup: American nation is divided like never before - 11/23/2016

According to a public opinion poll conducted by Gallup, the presidential elections increased proportion of Americans, who believe their country is divided, to a record extent of 77%. Gallup experts noted that a higher rate was observed only in 2012, when 69% of respondents said that the United States could be considered divided. "A record 77% of Americans believe that the nation is divided on...

Merkel's fourth term: 'The last authoritative leader' is going to stay - 11/21/2016

Yesterday in Berlin, German Chancellor Angela Merkel has officially announced her readiness to join new election campaign and run for the post of Prime Minister once again. In early December, her candidature should be approved by members of the Christian Democratic Party (CDU), yet there’s no doubt that they will support their leader. In case of a new victory, Merkel may go down in history not...

Non-standard forms of employment: boon or bane? - 11/18/2016

According to report of the International Labour Organization (ILO), proportion of workers, engaged in non-standard forms of employment (part-time, temporary or "contract labor"), is growing. In Europe, the proportion ranges from 5% to more than 20%, in Asian countries - from 24% to 67%. Difference in salaries of comparable professionals with permanent and non-standard contracts can reach 30%....

Sweden to introduce a national cryptocurrency - 11/17/2016

The Bank of Sweden is considering introduction of a new national currency called e-krona, writes Business Insider. Deputy Governor Cecilia Skingsley told to Financial Times that the Central Bank of Sweden is forced to make such a step catastrophic due to steep downfall of use of cash. Since 2009, number of coins and banknotes in circulation fell by 40% while online purchases and bank cards...

Terror attacks in 2015 killed 650% more people in developed countries - 11/17/2016

The Institute for Economics and Peace (IEP) published its annual Global Terrorism Index (GTI) study. In 2015, 92 countries have fallen victims to terrorist attacks. On the other hand, number of sufferers from terrorist attacks began to decline for the first time since 2010. Primarily, researchers link this fact to successful start of military operations against groups like ISIL and Boko Haram (in...

One in three Europeans believes that corruption is a big challenge - 11/16/2016

Every third citizen of Europe and Central Asia considers corruption one of the biggest challenges of their country. The same number of people are afraid of reprisals if they start to deal with it. This suggested in a new study published by Transparency International. Transparency International, headquartered in Berlin, conducted a survey of 60 thousand people in 42 countries of Europe and Central...

Five-year war destroyed the Syrian economy - 11/16/2016

More than five years of war have killed about 250 000 people in Syria. 5 million men became refugees, and other 7 million have been ousted from their homes. More than half of the country is controlled by armed groups, including the "Islamic State", and territories controlled by President Bashar Assad are experiencing severe shortage of electricity. Roads in the country are dangerous, and truck...
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