World & Politics
Is new course of Germany exacerbating discord in Europe? - 03/13/2019
Leader of the German Christian Democrats revealed her vision of the future of Europe. It turned out that “German” Europe is different from “French”. Christian Democratic Union (CDU) leader Annegret Kramp-Karrenbauer has published a program of European reforms of the ruling party in Germany. A few days earlier, French President Emmanuel Macron described his vision of the future of a united Europe....
EU updates tax havens list - 03/13/2019
EU finance ministers added 10 more countries to the list of tax havens which tax standards do not meet EU requirements, including the United Arab Emirates (UAE). Thus, the black list includes 15 jurisdictions that "either could not fulfill their obligations to meet the necessary criteria, or even did not take on such obligations," said Pierre Moscovici, economic and financial commissioner. The...
Investors are promoting business in Saudi Arabia while the country is dealing with Khashoggi’s murder - 03/12/2019
Large investors are promoting deals in Saudi Arabia and investing in the country's stock market. Meanwhile, the kingdom is trying to recover from a scandal associated with the murder of Saudi journalist Jamal Khashoggi, says Reuters. Murder of the journalist in October undermined the kingdom’s ties with its Western allies. Now Riyadh seeks to restore its image. Saudi Arabia needs to attract...
Oil production in Venezuela plummets due to power outages - 03/12/2019
Problems with energy supply in Venezuela resulted in a sharp drop in oil production, reports Bloomberg, citing a high-ranking source in the country's oil ministry. According to the source, production has been completely suspended in some parts of the country, and oil wells are closed because the industry is directly dependent on energy supply. He did not go into details regarding level of...
China suspends Boeing 737 Max 8 operation after Ethiopian plane crash - 03/11/2019
The Chinese aviation department will ask Boeing and US authorities to take measures to ensure flight safety on 737 Max 8 liners. After the crash of Ethiopian Airlines, which operated the ET 302/10 Addis Ababa-Nairobi flight, the Beijing aviation department imposed a temporary ban on Chinese airlines using the Boeing 737 Max 8 aircraft. At the same time, the agency referred to another disaster...
Switzerland reveals new 1000-franc note - 03/07/2019
The Swiss National Bank (SNB, the central bank of the country) presented a new bill of 1,000 francs. The banknote will become the most expensive one in Europe and the second most valuable in the world (after a 10 thousand Brunei dollar bill). The bill, which will go into circulation on March 13, is made in purple color scheme using polymer fibers, like other banknotes of the new, ninth series....
Hillary Clinton refuses to run for president. Who will challenge Trump? - 03/07/2019
Mrs. Clinton has been expected to compete for the presidency since in the 2016 elections. She herself gave a lot of reasons to think so. Hillary Clinton actively criticized Trump and held events that could be interpreted as preparation for the election campaign. Finally, her rating remained high enough. For 17 consecutive years, she has been a woman whom the Americans admired, according to the...
Greece gets more than €11 bln for its first in nine years 10-year bond - 03/06/2019
On Tuesday, the Ministry of Finance of Greece issued 10-year bonds, which happened for the first time in the last 9 years. According to the Athens Stock Exchange, the demand for bonds exceeded 11.3 billion euros, although it was expected to receive at least 2 billion euros. At the end of last month, Greece entered the market with 5-year bonds. For several years, the country hasn’t had any...
Macron proposes to create European Agency for Protection of Democracy - 03/05/2019
Among the proposals of the French President to reform the European Union were reorganization of trade policy and creation of a body aimed at protecting EU elections from hacker attacks and manipulations. Less than three months before the European Parliament elections, French President Emmanuel Macron presented an action plan for reforming the European Union. In particular, he expressed support...
Is the revolution in Venezuela nearing its end? - 03/01/2019
Nicolas Maduro and Juan Guaidó have been fighting for power in Venezuela for already a month. However, despite influential support from abroad, helplessness of Guaidó is growing. Is the revolution really going according to plan? The Venezuelan opposition and foreign assistants do not want to give up. They are planning new actions in order to deliver humanitarian aid to Venezuela surrounded by the...
