The conflict over the downed plane can reduce capitalization of some Russian companies and hurt the Turkish economy, believe economists of BofA Merrill Lynch. Downed aircraft SU-24 scared off international investors, says Vladimir Osakovsky and Türker Hamzaoglu, economists of BofA Merrill Lynch. "The news is negative for all asset classes of the Russian and Turkish markets " - they wrote. It has...

Direct damage from terrorist attacks is less than it seems. In particular, developed countries are affected by the fear factor, provoking decline in economic activity and growth of unproductive expenditure. At the time, terror hits the Third World countries most of all, depriving them of even a chance for normal development. Number of victims of the terrorist attacks has increased five-fold in...

"If I had a chance, I would do it again," - says Lutz Otte, who handed to Germany client data stolen from the Swiss bank Julius Baer. He made 600,000 euros out of this and was sentenced to 1.5 years in prison. Switzerland does not cooperate with the tax authorities of other countries, if their request is based on stolen data. In this case, according to Swiss law, foreign authorities act as...

Thursday, November 19, Head of Europol, Rob Wainwright said that most likely Europe will be exposed to new attacks. The US Federal Bureau of Investigation warned about possible attacks in the Apennines. Potential targets were named Vatican, the Dome Cathedral of Milan and Teatro alla Scala. However, the Italians have guessed the threat of terrorist attacks without FBI warnings. The very next day...

Jean-Claude Juncker is calling for ban on internet trade of weapons and its components. According to him, we cannot allow it to fall into the hands of terrorists. The European Commission proposes to tighten control over sale and registration of firearms in connection with the terrorist attacks in Paris. European Commission President Jean-Claude Juncker pronounced this on Wednesday, November 18,...

British Prime Minister David Cameron said that the British intelligence community (MI5, MI6 and GCHQ) intends to hire additional 2 thousand employees. Thus, the security services’ workforce will increase by 15% in total, which will be the largest replenishment of their ranks over the last decade. On Monday, British Prime Minister David Cameron announced his intention to increase staff of the...

Starting from 2016, each cash payment more than $ 100 thousand should be tested for money laundering in Switzerland. Vague language of the new law can lead to a crisis in the luxury market, experts say. The Swiss Federal Council adopted the Anti-Money Laundering Ordinance (AMLO). In its report, the Ministry of Finance of the Confederation recalled that the intergovernmental Financial Action Task...

"There are four types of countries in the world. Developed, underdeveloped, Argentina and Japan." - once said a well-known American economist and Nobel Prize winner in economics Simon Kuznets Today, much of the rich part of the world is remarkably more similar to Japan: a chronically low interest rate, inflation and the exorbitant level of sovereign debt. Perhaps that is why many governments...

Israeli Prime Minister Benjamin Netanyahu took a trip to Washington for a visit, the main intrigue of which became talks with US President Barack Obama. Despite the alliance between the two countries, relations of their leaders were strained because of controversies on the Iranian nuclear deal and the Israeli-Palestinian conflict. In this situation, Benjamin Netanyahu and Barack Obama had to...