World & Politics
Japan expect the highest in 40 years growth of inflation - 12/16/2022
Given that businesses are increasingly prepared to pass on rising expenses for energy, food, and raw materials to the end consumer, consumer price inflation in Japan in November will probably hit a maximum of 40 years, show findings of a survey conducted by Reuters. According to survey participants, the core consumer price index—which includes energy but excludes volatile fresh food prices—likely...
Peru imposes a state of emergency for 30 days because of protests - 12/15/2022
Peruvian government officials have declared a state of emergency across the entire nation. The decision was made due to instances of violence and vandalism during protests, said Alberto Otarola, the director of the Peruvian Ministry of Defense, made this announcement. According to Mr. Otarola, whose speech was broadcast on TV Peru, "it was decided to declare a state of emergency for the entire...
NATO to increase military budget by 25% in 2023 - 12/15/2022
NATO has approved the military budget for 2023 at €1.96 billion, a 25.8% increase over current year, reported the press office for the alliance. "At a North Atlantic Council meeting on Wednesday, allies reached an agreement on the military and civilian budgets for NATO in 2023. With an increase of 27.8% and 25.8% over 2022, the civil budget is set at €370.8 million, and the military budget is set...
Turkey discovers large oil field worth $12B - 12/13/2022
A 150 million barrel oil field has been discovered by Turkey in the Mount Gabar area of the southeast Turkish province of Şırnak. Turkish President Recep Tayyip Erdoğan made this announcement following a meeting of the Cabinet of Ministers. He estimates that the deposit is worth roughly $12 billion. President said that Turkey has found 150 million barrels of net oil reserves in the area of Mount...
EU is getting ready for growing number of Ukrainian refugees - 12/12/2022
The European Commissioner for Migration has stated that the EU has begun to get ready for a potential rise in the influx of refugees from Ukraine. The EU authorities have begun preparing for a potential rise in the number of Ukrainian refugees, told Ylva Johansson, the European Commissioner for Migration, to the Financial Times. The politician claimed that "[Russian President Vladimir] Putin's...
UAE passport ranks first in Arton Capital's Passport ranking - 12/08/2022
The United Arab Emirates (UAE) passport received a score of 180 in comparison of passports offering their holders the most favorable international treatment. Only 18 nations require prior permission to visit for UAE nationals, according to a study by the Canadian consulting firm Arton Capital. The UAE passport grants holders visa-free entry to 121 countries across the world, and in 59 countries...
FAO: World agricultural production must grow by 60 percent by 2050 - 12/06/2022
The UN Food and Agriculture Organization (FAO) said on Monday in honor of World Soil Day that in order to meet the world's growing need for food, agricultural production will need to rise by 60 percent by 2050. According to the worldwide organization, more than 95% of food are produced by soils. However, a third of the world's soils is already degraded, which means that the land is becoming...
Ursula von der Leyen tells about EU fears over U.S. inflation law - 12/05/2022
The European Commission's (EC) chief, Ursula von der Leyen, stated that European nations worry about the effects of the U.S. bill restricting inflation. The EC chairwoman claimed that it might lead to unfair competition, destabilize supply chains, and shut down marketplaces. Ms. von der Leyen remarked that the legislative action could result in investment outflows and added, "The inflation bill...
UN: Real wages across the globe fall for first time in 20 years - 12/01/2022
Global real earnings decreased by 0.9% in the first half of 2022, according to a UN International Labour Organization (ILO) report, as a result of a global slowdown in economic development and rising inflation. A fall is observed for the first time in twenty years, which ILO specialists blame to the conflict in Ukraine and the energy crisis. Real earnings, which reflect the purchasing power of...
Germany to ease immigration for workers from outside the EU - 11/30/2022
Germany will make the immigration process simpler in order to draw in talented people, reports Bloomberg. The state hopes that this will also speed up the hiring process for non-EU citizens by German businesses. According to Bloomberg, who reviewed the cabinet's strategy paper, the German government is expected to approve streamlined immigration regulations for workers from non-EU countries on...
