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...

A landmark case with former Head of the Catalonian Government of Artur Mas and his two associates began in Barcelona yesterday. The defendants are accused of abuse of authority and disobedience to law enforcement authorities during organization of a referendum on the Spanish region’s independence on November 9, 2014. Mister Mas is supported not only by about 40 thousand Catalans, who gathered...

The US administration of President Donald Trump started to re-build relationship with Iran, one of the main geopolitical rival of Washington. Mr. Trump yesterday criticized Tehran for test firing with medium-range missiles. Besides, he made it clear that he is extremely unhappy with terms of the nuclear agreement concluded in 2015, which previous President Barack Obama considered one of the major...

Yesterday, British MPs finished two-day debate on a bill, which opens a way for negotiations between London and Brussels on Brexit conditions. The majority voted in favor of a "civilized divorce", which can officially start on March 9th. British Prime Minister Theresa May is charged with a difficult task to defend the government’s positions on two fronts. Not only has she to persuade European...

India questioned methodology used by international rating agencies. The country expressed dissatisfaction with the fact that ratings of the third largest Asian economy have not increased despite acceleration in the economic growth and improvement of main indicators, Bloomberg reported. "The rating agencies have conflicting standards", - said Chief Economic Adviser to the Ministry of Finance...

Tax-free life may soon become history for people of Saudi Arabia, as the country's government approved introduction of value added tax, proposed by the International Monetary Fund (IMF), reports The Guardian. The 5% tax will be applied to certain products in accordance with agreement on cooperation of the six Gulf countries, which was reached in June 2016. Residents of the region have long...

PwC released its annual economic outlook for 2017, which indicates the main trends to be tracked in the global economy in the current year. Analysts of the agency believe that such forecasts are important for business planning and future investing. Globalization recedes According to PwC’s expectations, the world trade will be growing slower than world production for the third consecutive year....

France has had the second round of party primaries. Now, there are two candidates left out from seven - former Prime Minister Manuel Valls and former Minister of Education and Science Benoît Hamon, who won with a convincing advantage of preliminary 58.65% in his favor. 7,5 thousand polling stations had been opened since nine in the morning across France. From 1.9 million to 2.1 million people...