The Strategist
World & Politics

Fitch downgrades Hong Kong rating due to protests - 09/06/2019

The international rating agency Fitch Ratings downgraded Hong Kong's long-term foreign currency issuer default rating. Lengthy protests in the city infringed on the "one country, two systems" principle and threatened the city’s relationship with mainland China. The agency downgraded the rating from "AA +" to "AA", and the forecast was changed from "stable" to "negative", which will affect the...

The Economist names the best city for living - 09/05/2019

Analysts named Vienna as the best city to live in. The Austrian city was followed by Melbourne and Sydney. These are the results of a new study conducted by The Economist magazine, namely, by The Economist Intelligence Unit (EUI). A year earlier, Vienna and Melbourne occupied the same places, and the third was Osaka. The top 10 included Osaka, Calgary, Vancouver and Toronto, Tokyo, Copenhagen and...

Iran responds to US sanctions - 09/05/2019

Iranian President Hassan Rouhani announced the next step in reducing its nuclear deal obligations. Until the last moment, there has been hope that the government would change its mind. However, after the US introduced new anti-Iranian sanctions, it became clear that Iran would not make concessions that would be perceived as a manifestation of weakness. “Since we did not achieve the desired...

Argentina restricts foreign exchange transactions to support the peso - 09/03/2019

The authorities of Argentina imposed temporary restrictions on foreign exchange operations in order to stop weakening of the national currency and maintain reserves. In addition, last week the government announced plans to restructure part of the public debt. This caused a temporary decrease in the country's credit ratings to the level of “selective default”, as the owners of bonds issued under...

Italian President gives Conte mandate to form a new government - 08/29/2019

Last week, Conte said that he would step down as Prime Minister after the far-right Lega Nord party left the coalition with the 5 Star Movement, triggering a political crisis. On Wednesday, the Five Star Movement and the opposition Democratic Party told President that they were ready to try to form a government led by Conte. The parties have yet to agree on a common political platform and the...

Facebook to tighten political ads rules by the next US presidential election - 08/29/2019

By the mid-September presidential election in the United States, Facebook will tighten the authorization of US customers who want to place political ads on social networks, as well as show users more information about each advertiser and start listing social issues in the United States. The company announced regular measures to protect elections in the United States on August 28. The company will...

France sums up the G7 summit 2019 - 08/28/2019

French President Emmanuel Macron summed up the G7 summit that ended in Biarritz. He spoke about a breakthrough in relations with Iran, a possible settlement of trade wars between the USA and China and the USA and Europe, and about refusal to sign an agreement with MERCOSUR. Two days of negotiations at the G7 culminated in a joint declaration and final press conference which Emmanuel Macron...

OECD: Tariffs and uncertainty impede global growth - 08/27/2019

A decrease in growth rates in the second quarter of 2018 was recorded in all large developed countries, follows from OECD data. Thus, in quarterly terms (seasonally adjusted), the total growth of the OECD countries in April-June slowed down to 0.5% against 0.6% in the first quarter (from 1.7% to 1.6% in annual terms). The strongest decline occurred in the UK, where a 0.5% increase gave way to a...

Oxfam: Inequality in developed countries is growing - 08/23/2019

Oxfam NGOs found that the poorest part of the population (20%) accounts for only 5% of the paid remuneration on average in the seven most developed countries in the world. At that, 20% of the richest people account for 45%. The organization believes that such a distribution resulted from policies of these countries. Inequality continues to grow among the population of the G7 countries (USA,...

Politico: EU has a plan to combat Trump's trade policy - 08/23/2019

European officials have prepared a 173-page “aggressive” plan, which is directed against the trade policy of US President Donald Trump, as well as against American technology giants Google, Apple, Amazon, Microsoft, Facebook and others, reported Politico, referring to the document. According to the plan, Ursula von der Leyen, the President of the European Commission, is to establish the European...
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