Currency of the second largest economy in South America, Argentina, fallen by 26.5% in a day. This happened after the country's new president Mauricio Macri abolished foreign exchange restrictions imposed by the previous government to curb the peso. Liberalization and market reform are among the new president’s main measures to bring the economy out of stagflation, which started under the...

The US and Japan have agreed that the Japanese government will proceed to pay for the American military presence until March 2021. The military support is estimated at 198.9 billion yen. Japan will continue to financially support US troops on its territory in the amount of nearly 190 billion yen (1.6 billion dollars) a year, reported Kyodo news agency on Wednesday. According to the agency,...

A dangerous virus Zika has spread to nine countries in Latin America, according to the World Health Organization (WHO). The first cases of Zika infection were marked in Brazil in May. Recently the virus has been found in Panama (three cases), Paraguay (six cases), Mexico (three cases), Venezuela (seven cases), Guatemala, El Salvador, Suriname and Colombia. The WHO advises the authorities of...

Administration of Twitter warned some of its users that they might have been hacked to steal information from their accounts. At that, the attacks could have been ordered by foreign states. This is the first statement of this kind made by Twitter. Among the warning’s addressees are experts in cryptography, security researchers, political activists and journalists. In the message, Twitter...

Tensions are rising in the South China Sea, as China is reclaiming islands “at a rapid pace,’ according to Japanese Prime Minister Shinzo Abe. China has already built artificial islands and facilities in the disputed areas, provoking other claimants, including the Philippines and other Southeast...

According to the Research Center Pew Research, share of middle class in the entire US population is now less than 50%. The reduction was triggered by increase in number of the poorest and the wealthiest segments of the nation. According to Pew Research center, the middle class, which was the economic mainstay and the majority of American society for nearly half a century, now found itself in the...

The Finnish government plans to pay monthly 550 euros ($ 810) to all adult citizens, regardless of whether they have other income. The amount will not be taxed. Instead, the Finns will have to give up all other social benefits, which account for an average of 600 euros, but no more than 1,500 euros (data from the Social Security Administration). The government is going to finalize the idea and...

French nationalists, led by Marine Le Pen, won a decisive victory in the first round of regional elections. However, it is unlikely that she will consolidate the success two years later on presidential and parliamentary elections. According to public opinion polls, Marine Le Pen, who heads the nationalist party "Front National" (FN) was to achieve good results on the regional elections held on...

Greece plans to ease the country's current capital controls in the early months of 2016, said Deputy Prime Minister Yannis Dragasakis, speaking in parliament. He said that the country's international lenders will have verification of the Greece crisis program completed at the beginning of 2016. According to Dragasakis, negotiations on the restructuring of Greek debt will begin after that....