The Strategist
World & Politics

Australian fires burn down 0.5% of economic growth - 01/13/2020

Direct losses of the Australian economy after forest fires, which have been unceasing since last fall, will amount to $ 3.5 billion, or from 0.2-0.5% of the country's economic growth, Westpac Bank, one of the largest in Australia, said. Australia expects a drop in GDP in 2020 due to fires and lower iron ore prices. Westpac expects the Reserve Bank of Australia to cut rates twice this year, but...

Sebastian Kurz heads Austrian government once again - 01/09/2020

A new government was sworn in Austria this week. Its head, 33-year-old Sebastian Kurz, has once again become the youngest prime minister in the world. At the same time, he is the most experienced politician in his office. Journalists speak of the new Austrian government as unique and unprecedented for several reasons. First, Chancellor Sebastian Kurtz, 33, is the youngest head of government in...

Boris Johnson's office names main topic of meeting with EC Head - 01/08/2020

The main topic of the meeting between British Prime Minister Boris Johnson and President of the European Commission (EC) Ursula von der Leyen on Wednesday will be issues related to a trade agreement between the parties after Brexit, the office of the head of the British cabinet said. "It is expected that he (Prime Minister) will tell Chairman von der Leyen that the citizens of Britain and Europe...

Bulgarian army modernization entering rough patch - 01/06/2020

The tender around the modernization of the Bulgarian army, in dire need of an upgrade, is entering the political phase… The unusual characteristics of the request for proposals is an indication that defense minister Krasimir Karakachanov may already have made his decision, disregarding actual characteristics of future offers, in order to please US allies. A choice, if confirmed, which may result...

Japan sets to upgrade missile defense system to intercept North Korean missiles - 12/30/2019

Next year, the Japanese Ministry of Defense plans to begin modernizing its missile defense system to ensure the ability to intercept North Korean ballistic missiles, the Sankei newspaper reported. According to the publication, it is planned to improve the existing Japanese missile defense system, equipped with SAM-4 medium-range anti-aircraft missiles. It is expected that the modernization work...

France-Italy: much potential in a military partnership - 12/26/2019

After several successful but sector-specific military industrial partnerships, Italy may be the first to answer France and Germany’s call to finally unite Europe around defense matters. Over past decades, the landscape has considerably changed with many players dropping out of the market, and the future of Europe’s defense lies in the continental partnership. Not a leader, but not out of the...

Italian Education Minister resigns, Five Star Movement losing ground - 12/26/2019

Italian Education Minister Lorenzo Fioramonti told Reuters that he had resigned after he could not get additional funding from the government. According to Fioramonti, billions of euro are needed by his ministry to improve the country's schools and universities. The minister told Reuters that he notified Prime Minister Giuseppe Conte of his “irrevocable resignation” in a letter dated December...

IMF finds a way to fight shadow economy - 12/24/2019

Although the size of shadow economies in European countries declined during the post-crisis years, it remains significant, especially in Eastern Europe. Since the size of the informal sector in local developing economies directly depends on the quality of regulation, government efficiency and the level of development of human capital, it is possible to deal with it only in a comprehensive way,...

Venezuelan authorities report opposition attack on military unit - 12/23/2019

A group of Venezuelan oppositionists attacked a military unit on the border with Brazil, at least one soldier died, Venezuelan defense minister Vladimir Padrino Lopez tweeted. According to him, they seized part of the weapon, but the military returned it and detained several attackers, whom Lopez described as "opposition extremist sectors," and the incident called it a "terrorist attack." The...

U.S. House of Representatives votes for Trump's impeachment - 12/19/2019

The U.S. House of Representatives voted to impeach President Donald Trump. He was accused of abuse of power and obstruction of Congress. Now his fate will be decided by the Senate, where the Republicans hold majority. The House of Representatives voted to impeach U.S. President Donald Trump because of "abuse of power". 230 people out of 435 members of the chamber voted for, and 197 - against. 229...
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