Libya has lost more than $ 68 billion of potential profits in 2013 due to the power struggle between rival factions, which resulted in the country's energy industry virtually collapsed and the economy destroyed. According to the National Oil Corporation (NOC), this amount includes cessation of production at 75 separate deposits and the unstable situation leading to the disruption of supplies in...

The Eurozone has never experienced such an influx of counterfeit banknotes as in 2015. In total, the number reached 899,000, said on Friday, January 22, agency dpa, citing data from the European Central Bank. Almost 11 percent of this number was found by the police, trading companies and banks in Germany - which is also the highest rate since 2002, experts of the German Federal Bank (Deutsche...

Minister of Internal Affairs of France Bernard Cazeneuve said that number of anti-Muslim attacks in the country increased sharply and amounted to approximately 400. Majority of attacks on religious grounds continue to be committed against Jews and Christians. The number of anti-Muslim attacks in France significantly increased at the end of 2015, and was "about 400," said Interior Minister Bernard...

Italy is ready to invest 8 billion euros in Iran. Within two years, the Italian government is going to increase exports to the Islamic Republic fourfold. In 2015, the volume of Italian exports to Iran amounted to 1 billion euros. The goal for 2017 - 4 billion euros. State company SACE that specializes in lending to export transactions will get on financing. Italy had had strong trade links with...

Austrian Chancellor Werner Faymann announced that the country's authorities are going to temporarily cancel the Schengen agreement and begin to more carefully check all migrants who want to cross the Austrian border. The head of the Austrian government warned about changing policy towards migrant workers and announced the suspension of the agreement on free movement within the Schengen area....

China's stock market collapsed in the new year is dragging down financial markets across the globe, falling prices for oil and other raw materials. Chinese epidemic Chain reaction in global stock markets and panic among the financiers were provoked by Shanghai Composite’s 7-percent drop, suspension of trading on the Shanghai Stock Exchange on the first trading day of 2016, and ensuing regular...

Brazilian cities began to abandon the annual carnivals because of the crisis. The worst since the 1930's economic situation is noted now in the country. The five-day celebrations, which are traditionally held in February, were not canceled even during the 2008 crisis. Campinas city with a population of 3 million people has already refused the festivities. Gabriel Rapassi, head of the city’s...

When it comes to living in a foreign city, one need to consider many factors: population, infrastructure, overall size of the city, political situation, income per capita and development prospects. Economic growth, real estate development and entertainment opportunities also play a major role in deciding and choosing a city for relocation or for investment. Therichest.com compiled a list of five...

"Trial of the Century" started in Spain today: Infanta Cristina, the sister of King Philip VI, and her husband Iñaki Urdangarin Liebaert came to the court. They are accused of corruption and embezzlement in the NGO Instituto Noos. Princess could face up to eight years in prison. Although such a harsh sentence is unlikely, the very fact of the investigation is another blow to the Spanish monarchy....