The Strategist
World & Politics

IMF expects the worst economic downturn since Great Depression - 04/10/2020

For 2020, the International Monetary Fund (IMF) forecasts the worst economic downturn since the Great Depression due to the situation with the coronavirus COVID-19, said IMF Managing Director Kristalina Georgieva. More than 170 countries will face declining incomes, the IMF head said during a speech in Washington on the eve of the spring session of the governing bodies of the IMF and the World...

UN sends COVID-19 aid to Venezuela - 04/09/2020

A plane with 90 tons of assistance from the UN arrived in Venezuela on Wednesday to help the country fight the coronavirus pandemic. The cargo includes 28 thousand sets of personal protective equipment for medical workers, oxygen concentrators, baby beds, water quality control equipment and hygiene kits, the organization said. “This is the first United Nations humanitarian aid in support of...

Labor market is experiencing the largest crisis since World War II - 04/08/2020

The International Labor Organization (ILO) has stated that the labor market is facing the worst crisis since World War II due to the COVID-19 coronavirus pandemic. Quarantine measures led to the fact that temporary full or partial closures of enterprises affected 2.7 billion people, that is, 81% of the total workforce in the world. The most affected are the hotel business, administrative...

Venezuela: We do not support US-proposed political settlement plan - 04/01/2020

The Venezuelan government criticized the plan proposed by the US authorities to resolve the domestic political conflict in the country. Washington believes that it is necessary for Caracas to create an interim government, which would include representatives of the opposition. Head of the Venezuelan Foreign Ministry, Jorge Arreaza, called this plan an attempt to intervene in the country's internal...

IMF Head: We are entering global recession - 03/31/2020

The global economy has entered a recession, said the IMF Head Kristalina Georgieva. She believes that recovery in the next year will not be possible unless the coronavirus pandemic is restrained. The coronavirus has already plunged the global economy into recession, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), said in an interview with CNBC. The extent to...

US watchdog cancels Detroit auto show - 03/30/2020

The North American international auto show, which was supposed to take place in June, was canceled; the venue will be repurposed into a hospital for those infected with coronavirus, NBC News reported. It is reported that the decision on the cancellation was made after the US Federal Emergency Management Agency decided to use the site where the car dealership was supposed to go as a hospital for...

US seeks Venezuelan President arrest on drug trafficking - 03/27/2020

For the second time in its history, US authorities have charged a serious criminal offense to the incumbent head of a foreign state, Venezuelan President Nicolas Maduro. The US authorities accuse Mr. Maduro (who, however, has not been recognized as a legitimate leader for a long time) of "direct participation in the drug trade" and his desire to "flood the United States with cocaine." Washington...

US pushes on Saudi Arabia to restrict oil production amid crisis - 03/20/2020

Washington is increasing pressure on Saudi Arabia, trying to push Riyadh to limit oil production in a situation where the collapse in world prices is increasingly affecting the American economy. The US believes that America has fallen victim of the Russian-Saudi oil war. At that, opponents of US President Donald Trump accuse him of unjustified support for Saudi Crown Prince Mohammed bin Salman Al...

South Korea is getting ready for election with COVID-19 outbreak - 03/19/2020

84 new cases of infection with coronavirus were registered in South Korea on Wednesday; the total number of cases rose to 8320 people. Although the peak of the epidemic is over, the authorities are tightening the procedure for entering the country and postponing the start of the school year for the third time. At the same time, the general elections scheduled for April 15 will be held on time. As...

Iran demands to lift US sanctions because of medical reasons - 03/18/2020

The coronavirus epidemic in Iran, which is becoming increasingly rampant, has forced Tehran to launch a diplomatic counteroffensive. The goal is to get rid of unilateral US sanctions against the Islamic Republic. The country’s government appealed to the UN Secretary General and world leaders, urging them to intensify their efforts to abolish Washington's punitive measures that prevent an...
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