Australian Insurance companies have been facing huge losses over repeated natural calamities. The last tragic series of storms ravaging New South Wales, Queensland and some other parts has caused massive losses to both lives and properties. The ICA has been proactive in handling insurance claims and promising quick service to help people build up their lives back. Storms that ravaged Australia...

Amidst Greece’s continuing troubles with its debt-ridden economy, proposals of austere sanctions by European leaders have been tagged unrealistic by the Greek government. Bailout funds have been stuck between constant negotiations. A potential defaulting by Greece or its exit out of Eurozone has been worrying most of Europe, as of now. The Greek government is yet to rally out of the financial...

Things are improving in the euro area a bit: an increase of 0.4% in I quarter (1.6% annualized) was the highest figure in the last two years; unemployment fell to 11.1%, its lowest level in three years; inflation went up again. But even if economic statistics continue to improve, the euro zone expect a comprehensive crisis in the near future. The economic slowdown and the depletion of public...

US Secretary of Defense Ashton Carter finished his visit to India, the main result of which was the signing of a ten-year framework agreement on military-technical cooperation (MTC). The agreements opens up new opportunities for the United States in the struggle for leadership in the Indian arms market, which is owned by Russia. The three-day visit of US Secretary of Defense Ashton Carter in...

The NSA has been skimming through the Internet-based communications of US residents in an effort to track hackers, according to a new report published from the documents leaked by whistleblower Edward Snowden.   The interception has been happening without any court warrants or public notice or debate and was done to monitor cyberattacks which originated outside the US according to an...

Thailand’s GDP is expected to raise by up to 3.5 percent in 2015, according to the World Bank’s Thailand Economic Monitor 2015.   The country’s economy grew only by 0.9 percent in 2014 and the lull was largely due to political issues as well as lower export demands from China and other dominant Southeast Asian countries, according to the report. But 2015 is expected to promise more for the...

China aims to rank among the world leaders, and the West must cooperate with him wherever possible. No pressure, no containment plans of the Chinese leadership is not affected, says Philipp Bilsky. The message was clear – ‘Yougo!’ Last week, the Chinese Navy, eight times in a row got on for a radio contact with the American spy plane, requiring it to leave the airspace of the South China Sea. The...

Stephen Hawking said that in the future he would probably resort to the help of euthanasia. This thought the famous physicist said during an interview with a TV presenter Dara O'Briain, which will soon appear on the BBC TV channel. The words of the scientist are quoted by The Guardian. "To maintain the life of any man against his or her will is an absolute humiliation. I'll start thinking about...

In 2014, the country's Interior Minister Theresa May announced that Great Britain can refuse to carry out the clauses of the present Convention. It is known that David Cameron suggested the same idea before. In his opinion, it is absolutely necessary to rethink radically country’s relations with the European institutions. The Prime Minister of the United Kingdom David Cameron says that Britain...