World & Politics
Varoufakis Spills the Beans - 07/28/2015
Former Greek Finance Minister Janis Varoufakis is again in the spotlight of the world media. As it turned out, Varoufakis has been actively preparing Greece to the parallel payment system in the event of loss of access to the ECB's liquidity program. Before the Prime Minister Alexis Tsipras agreed with the requirements of the lenders, despite the results of the referendum, Greece was very close...
The Sewel & Bercow exposes are political hypocrisies British style - 07/28/2015
The Sun tabloid has torn apart the suave pride typically associated with British politicians. Read on to find out hilarious titbits regarding two of our speakers. Although British politicians are a proud lot, and showcases their parliamentary model of democratic politics as something to be proud of, however, two high profile scandals have revealed an underlying hypocrisy at its core and have...
Turkey and the U.S aim for creating a zone free of Islamic State fighters - 07/28/2015
Turkey, a NATO member, has finally seen the light of the day and has agreed to join the U.S led coalition against terrorist organisations. However, the dynamics of the situation is complex with each player having its own agenda. The United States and Turkey have joined forces to provide a strategic air cover for Syrian rebels who are fighting to keep those loose bandits of the Islamic State at...
Turkey Took Up Arms Against Terrorists - 07/24/2015
Turkish police carried out a series of special operations in 13 provinces of the country, resulting in seizing more than 250 members of terrorist organizations, including the IG. Almost at the same time, the Turkish Air Force fighters attacked the IG control centers in Syria. - July 24th, Division of the Main Directorate of Security conducted simultaneous operations in 13 provinces of the country...
U.S Treasury Intelligence Network was vulnerable to hacking - 07/24/2015
The Treasury Foreign Intelligence Network wherein officials routinely share top secret financial information and keep a tab on the impact of sanctions on countries and individuals, was vulnerable to remote hacking. As per S. Leslie Ireland, its top intelligence officer, the vulnerabilities have now been patched. According to an audit conducted by the government, computers used by the U.S Treasury...
Unemployment in Spain Fell to the Minimum - 07/23/2015
Unemployment in Spain in the II quarter of 2015 fell to the lowest level since July-October 2011 against the background of accelerating economic growth in the country, reports Bloomberg. According to the Spanish statistical office INE, unemployment rate in April-June decreased to 22.37% from 23.78% in the previous quarter. Analysts, surveyed by Bloomberg, expected to decline to 22.5%. Spanish...
Alexis Tsipras ensures the passing of the second reform package - 07/23/2015
Alexis Tsipras has once again emerged victor by controlling the dissidents in his party and by utilizing the help of the pro-EU opposition, he has steered Greece through these difficult times and onto the next reform package. Having tied the Gordian knot that has set the ball rolling and has ensured the functioning of bank in Greece, Alexis Tsipras, has now contained a rebellion in his own...
The EU Launched a Mechanism to Support Risky Projects - 07/22/2015
The authorities of the European Union have signed the latest agreement, necessary for creation of the European fund for strategic investments - a mechanism for implementing the European investment plan in the sum of € 315 billion. EU expects to restart the post-crisis economic growth with the support for investments. EU formally established the European fund for strategic investments, EFSI,...
The First Islamic Bank Opens in Germany - 07/22/2015
The first Islamic bank in Germany set to work in Frankfurt. KT Bank AG, which is the subsidiary of Kuwait-Turkish financial institution Kuveyt Turk Bank, counts, in particular, on the Muslims living in Germany, the number of which, according to many estimates, varies from 4 million to 5 million people. In accordance with the norms of Sharia, KT Bank will not participate in the financing...
Cuba and US: a Fresh Start with Old Debts - 07/21/2015
The Cuban flag is raised over the country's embassy in the US, reports US television on Monday. The ceremony was attended by Cuban Foreign Minister Bruno Rodriguez Parrilla. Later, he will meet with US Secretary of State John Kerry in the State Department. Also, a press conference with Parrilla is scheduled after the meeting. The Cuban embassy in the United States resumed the work after more...