World & Politics
Shanghai requires 26 million residents to be tested twice for COVID-19 - 04/04/2022
On Sunday, April 3, authorities in Shanghai, ordered for 26 million residents of the city to be checked for the coronavirus. This was reported by Reuters. "The main task is to completely eliminate risk points and break the chain of transmission in order to stop the spread of the epidemic as soon as possible," said Wu Qianyu, an inspector at the Shanghai Municipal Health Commission. At the same...
S&P affirms Turkey's rating - 04/04/2022
S&P has affirmed Turkey's foreign currency rating at "B+" with a negative outlook. International rating agency S&P Global Ratings (S&P) has affirmed Turkey's long-term foreign currency sovereign credit rating at "B+" with a negative outlook, the agency said in a release. The country's long-term local currency rating was lowered to "B+" from "BB-". "In our view, the negative outlook...
Guardian: Number of "ghost flights" from UK reaches 500 a month - 04/01/2022
Airlines operated roughly 500 foreign "ghost flights" from UK airports between October and December 2021. The Guardian newspaper received this information after submitting a Freedom of Information Act request to the UK Civil Aviation Authority (CAA). Heathrow, Manchester, Aberdeen, Stansted, and Norwich airports all had the most of these flights. The data only includes outbound international...
UK raises estimate of annual GDP growth in Q4 - 03/31/2022
The U.K. Statistics Bureau raised its estimate of fourth-quarter 2021 annual GDP growth to 6.6 percent. GDP in Britain in the fourth quarter of 2021, according to the final assessment, grew by 6.6% year on year and by 1.3% quarter on quarter, according to the country's national statistics office. Analysts surveyed by DailyFX believed that the figure grew by 6.5% year on year and by 1% quarter...
Biden to propose 20% tax on billionaires' incomes - 03/29/2022
Biden plans to impose a 20% tax on billionaires’ income. The initiative will affect 700 households with assets worth more than $100 million. Authorities believe that the new tax could bring $360 billion in revenue over 10 years. U.S. President Joe Biden decided to introduce a tax of 20%, which will affect unrealized capital gains of American households worth more than $100 million, reports...
German authorities: G7 countries refuse to pay for gas in rubles - 03/29/2022
Minister of Economy of Germany: G7 countries refuse the requirement to pay for energy resources in rubles. German Economy Minister Robert Habeck told reporters on Monday that the G7 countries refuse Russia's demand to pay for energy resources in rubles. The document states that "the majority of respondents also support establishment of a central EU fiscal reserve, notably for macroeconomic...
Two-day nationwide strike starts in India - 03/28/2022
Labor unions in India started a two-day strike on Monday to protest against the government's "anti-worker" policies. "We expect more than 200 million employees throughout the country to join the strike on March 28 and 29 to oppose the government's policies," said Amarjit Kaur, general secretary of the All India Congress of Trade Unions, according to the PTI newspaper. Members of unions from a...
U.S. and EU to create working groups to hold Russia down - 03/25/2022
The United States and the European Union will intensify their efforts to guarantee that Russia does not utilize digital currency to circumvent Western sanctions imposed in response to the events in Ukraine. President Joe Biden of the United States and European Commission President Ursula von der Leyen issued a joint statement on the subject. "We plan to announce tighter collaboration in...
China sets to respond to license revocations in the U.S. - 03/24/2022
The Chinese authorities intend to take measures in response to the withdrawal of licenses from its companies in the United States. China will respond to the revocation of licenses from its telecommunications companies in the United States, Chinese authorities said. Earlier, Washington had withdrawn licenses from China Pacific Networks, its subsidiary ComNet, as well as the U.S. unit of China...
Argentina postpones payment of the Paris Club debt - 03/23/2022
The Argentine authorities were able to postpone the deadline for $2 billion payment to the Paris Club of creditors, which was expiring at the end of the month, the newspaper La Nacion reported citing sources. A year ago, the parties agreed that until March 31, 2022, Argentina would have to decide whether to restructure the debt. "The Argentine government was able to extend the $2 billion...
