World & Politics
The US Blames China for "Not Being Able to Solve the North Korea's Nuclear Problem" - 01/08/2016
China's Foreign Ministry did not agree with a statement of US Secretary of State John Kerry that Beijing has not coped with solving the North Korean nuclear problem. "I want to stress that we all know from what the North Korean nuclear problem arose. The problem’s origins are not in China, neither there is the key to its solution," - said spokesman of the Chinese Foreign Ministry Hua Chunying at...
Tourists Began to Cancel Trips to Cologne - 01/07/2016
Tourists began to refuse visiting Cologne, being frightened by reports of massive attacks in the city, committed on New Year's Eve. This was reported by the head of the city-owned company Köln-Tourismus Josef Sommer, reports Deutsche Welle. According to Sommer, a group of tourists from the Erzgebirge (on the border with the Czech Republic) has decided to cancel a trip to Cologne, scheduled for...
David Cameron Postponed his Saudi Arabian Trip: Relationship Between the Two Countries Are Checked for Strength Once Again - 01/06/2016
British Prime Minister David Cameron has postponed a planned visit to Saudi Arabia at least until April. According to The Times, Mr. Cameron was planning to visit the Saudi capital Riyadh during a business trip to the Gulf countries in the coming weeks. The official statement notes that the British Prime Minister’s trip cancellation has nothing to do with the current tensions in the region,...
Does Cameron Want to Keep Britain in the European Union? - 12/29/2015
The December EU summit was presented as a moment of truth in the relations between Great Britain and the European Union. At the time, apparently there happened nothing that would indicate progress or a compromise in the negotiations to amend the terms of British membership. The final communiqué of the meeting only stated that there took place just "exchange of views" and further work is expected...
Will 2020 Olympics Bring Relief to the Japanese Economy? - 12/28/2015
2020 Summer Olympics in Tokyo will bring 30 trillion yen ($ 249 billion) to the Japanese economy over the next five years, reported Bloomberg referring to the Bank of Japan’s forecast. According to the regulator, influx of tourists and investments into construction during 2014-2018 will be added to the Japanese GDP of 0.2-0.3 percentage points per year. The Bank of Japan clarifies that these...
Where and How Presidents and Monarchs Celebrate Christmas and New Year - 12/25/2015
One can postpone work but never Christmas. World leaders went for the New Year holidays, and some revealed where and how they are going to spend this wintertime. Here’s what Heads of States are planning to do during the holidays. Barack Obama Barack Obama and his family spends this Christmas in his home state - Hawaii, just like the previous seven years. Traditionally, the first family of the...
EU Court Criticized Scotland's Attempts to Fight Alcohol Abuse - 12/23/2015
EU Court criticized the price struggle with alcoholism in Decision of the Scottish government to set a minimum price for alcohol in presence of other tax measures violates EU law. Such a was pronounced by the European court. It is reported by The Guardian. The Court in Luxembourg came to the conclusion that such a policy would end up with limits for the market. They can be avoided by setting...
Renminbi is Spreading Around the World: Zimbabwe Launches Internal RMB Transactions - 12/23/2015
The Government of Zimbabwe introduced calculations in renminbi in the country. This way, this African country, ruled by self-perpetuating Robert Mugabe for 35 years, is hoping to further strengthen cooperation with China. After a prolonged economic crisis, hyperinflation and devaluation, the Zimbabwean authorities have refused to use its own currency, and now South African rand, euro and the US...
Support for Chancellor Angela Merkel Rose for the First Time Since July - 12/21/2015
Public discontent with policies of German Chancellor Angela Merkel on refugees has decreased for the first time since July this year. This is evidenced by a survey of the German broadcasting company ARD. Number of those who support course of Frau Merkel has grown in comparison with beginning of November by 3 percentage points and amounted to 42%. According to a public poll conducted on 14-16...
Argentinian Peso Rushed Down - 12/18/2015
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...
