World & Politics
The Global Economy Can Grow by 20% With Help of Women - 09/29/2015
Full participation of women in employment would increase the size of the world economy up to 20% by 2025, estimated McKinsey’s analysts. A more realistic scenario would be not elimination, but gradual reduction of existing gender disparities by investing in the education of women and the creation of jobs for them in highly productive sectors. All this would make 8%-increase of global GDP by 2025....
Brazil: A Long Way to Recovery - 09/28/2015
There is a long way to recovery from the recession for the Brazilian economy, and it is not even about the weakening of the currency or other economic problems. The continuing devaluation of the real, the outflow of capital, falling consumer and business confidence - all this can be forgotten. Much more serious problem will interfere with recovery even against the background of improvement in all...
Anti-Clinton: Republicans Are Getting a New Leader - 09/25/2015
Yet another sensation is blowing out within the US presidential campaign. Carly Fiorina, the former head of Hewlett-Packard, considered the outsider of the race, won the second place in the ranking of applicants for the Republican nomination. The rise of its popularity comes amid falling of the Republican list ranking leader, Donald Trump. America is buzzing, agitated about the elections that can...
Migrants Crisis Makes Eastern Europe Boil Over - 09/24/2015
The authorities of the Eastern Europe countries have expressed their protest against the EU's plans to migrants accommodation. The Hungarian, Czech Republic and Slovakia authorities have declared that they will not tolerate the "diktat" of Brussels on the issue of immigration quotas. Wednesday, September 23, the leaders of Eastern European states have sharply criticized the plan for immigration...
London Won 'The Financial Capital' Status Back - 09/23/2015
London regained the status of the world's largest financial center, which he lost to New York in early 2014, according to a review of financial consulting firm Z/Yen Group, which calculates the half-yearly Global Financial Centres Index (GFCI). In the spring of 2015, the difference between the cities has shrunk to 1 point in favor of the New York. Now, London is ahead of the US rival once again,...
Why Does India Urgently Need Drones from Israel? - 09/22/2015
India is adding the Israeli drones in its army, while Pakistan and China are building up their military power. The drones are meant to help India open a "new front" on the border with Pakistan in Kashmir. However, Pakistan has also begun to use drones in the line of confrontation, according to Reuters. India has accelerated the implementation of the plans on purchasing Israeli drones that...
Italian Banks Are in Danger to Be Left Without Easy Money - 09/21/2015
Italian banks can no longer rely on the main source of cheap funding - money of their own customers. In recent years, local investors, who hold bank bonds worth about 200 billion euros, greatly reduced their purchases of the securities. This is partly explained by a change in the rules, according to which the risk of debt relief on such debt instruments sharply increases in the event of a bank's...
The Most Expensive Cities to Live In - 09/18/2015
Swiss cities Zurich and Geneva have been named the most expensive in the world to live in. They are ahead of even New York and London, according to a study of UBS AG bank. A family of three people need to earn $ 3,600 per month in Zurich to provide a minimum set of goods and services, consisting of 122 positions - and note, that rent is not even included. In Geneva, a decent living is ensured...
EU Can Lose 3.5 Million Jobs Because of China - 09/18/2015
The European Union may lose up to 3.5 million jobs if it lift trade protection measures against China, what Beijing expects by the end of 2016, according to a recent study of 25 European industrial organizations. The report, submitted to senior EU officials and lawmakers this week, forecasts that EU imports of manufactured goods will grow by 25-50% over the next three years. - This is another...
Donald Trump, A Terrible Headache for Republicans - 09/17/2015
United States is a country built by immigrants, and today more than 45 million people born outside the country live there. Newcomers provide about a third of the population growth (statistically, a new immigrant arrives in the United States every 32 seconds), are considered an important stimulant of economic activity and the source of low-wage labor and highly skilled professionals. GDP produced...
