In China, a scandal around Shaolin Temple abbot Shi Yongxin is gaining momentum. The monk turned the world famous Buddhist monastery into a prosperous enterprise, have already been the target of criticism because of the turbulent commercial activity. But now, it seems, things took a serious turn for Shi: an indirect confirmation of this was the fact that he has not led a delegation heading to...

On Sunday, Italian police and prosecutors have reported the beginning of a formal investigation against the former Minister for the Environment Corrado Clini. Investigators believe that he profited from the allocation of public funds earmarked for the development of green energy in China. As reported on Sunday, representatives of the Italian police and prosecutors, followed by Italian and...

Chinese state funds bought up shares in the amount of about $ 144 billion from the local stock market. This is about half of the funds allocated by the authorities to support the market, that has experienced several landslides over the past two months. Today it became known that in the past two months, the Chinese government has spent $ 144 billion on the purchase of shares from the stock market...

The program of the visit of a large group, led by President Erdogan, covers China, Indonesia, Pakistan. Each of the stops during this tour is important, yet one in China is in the limelight of attention. Turkey and China are two dissimilar countries. We are talking about a wide range of differences in political, social and cultural points of view. In addition, the views of China and Turkey on...

Government Development Bank of Puerto Rico was not able to pay part of the payments on the debt to the creditors. Thus, the country found itself in a state of default. Earlier, authorities reported there is no assets to meet the obligations. General government debt is in excess of $ 70 billion - Due to the lack of funds allocated for the current fiscal year, payments were not made in full...

There’s more than a year before the presidential elections in the United States starts, but the campaign is, in fact, has already been launched. Politicians have announced their participation in the race, making pre-election statements, including foreign policy. Let us try to figure out who advises candidates for the presidency of the United States, and what kind of advice these people can give....

There is a storm of indignation on the media and the Internet. The public prosecutor of the Federal Republic of Germany has launched an investigation against Netzpolitik.org journalists on charges of divulging state secrets. And immediately suspended. On Friday, July 31, the Attorney General of the Federal Republic of Germany Harald Range said that an independent commission of experts should...

Beijing will host the Winter Olympic and Paralympic Games in 2022. The choice of venue of the competition took place at the 128th Session of the International Olympic Committee (IOC) in Kuala Lumpur. This was reported on the organization's website. Alma-Ata also claimed the right to host the Olympics 2022. 44 members of the IOC voted for the capital of China's, whilst only 40 were for the Kazakh...

Jeremy Grantham is a British investor, co-founder and chief investment strategist at Grantham Mayo van Otterloo, a Boston asset management firm. In his latest quarterly letter to clients, he compiled a list of 10 factors, which, as he writes, "are problems: potential threats to our well-being." It's quite common for Grantham, who recently warned that the Fed is going to inflate a new bubble, as...