Venezuela has attracted more than $ 5.5 billion investments in mining projects located at the southern end of the country, said President Nicolas Maduro. "Today we are signing an agreement on investments and liabilities of 5.5 billion dollars" – Maduro’s statement at a meeting with foreign investors quoted by Mexican Portal El Economista. The main investors are Canadian Barrick Gold Corp, the...

Bad weather would reduce the grape harvest in France in 2016. This was reported by the French Ministry of Agriculture, which also noted that the regions of Champagne, Burgundy and Charente are going to be affected particularly badly. Last year, the total production of wine in France was 47,8 million hectoliters. This year is expected to bring only 42.9 million hectoliters, which is 7% below...

British athletes won 27 gold Olympic medals and became a sensation of Rio 2016. This success looks particularly impressive on a background of the United Kingdom’s extremely unfortunate results at the Olympics in 1990 and in the early 2000's. In recent years, according to experts, government agency UK Sport has been working much better to select potential winners and provide them with the most...

In September last year, the International Olympic Committee announced five applicants to host Olympics 2024. These were European Rome, Hamburg, Paris and Budapest, as well as the American Los Angeles. Great deal of choice, wasn’t it? Especially given the fact that even less expensive Winter Games 2022 had only two bidders – Kazakh Alma-Ata and Beijing, which eventually become the winner. Later,...

Governments of developed countries are trying to diminish number of convicts in prisons. For the first time in decades, America and Europe now release more convicts than commit to prison. After-care can help ex-convicts stay away from prison. However, economists warn support in employment, popular in recent years, leads to a completely opposite result. Now job applicants are bound to declare...

The fourth largest global economy showed zero growth in the II quarter of 2016. Dynamics of Japan's GDP changed its direction four times since the beginning of 2015. Now, it’s sinking deeply into recession. The instability was caused by promiscuity of the economy’s sectors. Government spending (+ 2.3%) and private investment in residential real estate has shown positive results, while private...

According to the British press, the Metropolitan Police has established a special unit that will deal with aggressive behavior of users on the Internet and social networks. Police officials said that the unit’s main purpose is to fight against kindling national and religious hatred. However, human rights activists fear that such an initiative could restrict freedom of speech on the Internet. The...

In September, the European Commission will announce introduction of tighter requirements for online services such as WhatsApp and Skype. According to internal documents of the European regulator, which got at disposal of journalists from FT, the new rules supposed to bring the messengers into accordance with "standards of security and confidentiality" set in the EU. The European Commission (EC)...

Saudi Arabia is struggling with weak GDP growth, and trying to improve collection of taxes. Yet, condition of the country’s economy right now does not allow to pay a lot to employees, so thousands of workers from South Asia found themselves on tenterhooks. If a country cannot provide food for their migrant workers, it says a lot about its financial condition. Collapse in oil prices has forced...