The International Monetary Fund, as a lender of last resort, cannot offer Argentina debt cancellation, said IMF Managing Director Kristalina Georgieva in response to the call of the country's vice president Cristina Fernandez de Kirchner to take such a step. In an interview with Bloomberg, Georgieva said that the IMF continues to support the government of Alberto Fernandez in his attempts to...

American billionaire Jeff Bezos, CEO and founder of Amazon, announced creation of the Bezos Earth Fund to tackle climate change. On his Instagram page, the entrepreneur announced that he would donate $ 10 billion to the work of the fund through which he will finance the activities of scientists and public organizations involved in climate change. According to the businessman, money will be...

In the fourth quarter of 2019, Japan's GDP fell by 6.3% year on year. This is the maximum rate of economic decline over 5.5 years, following increase in the consumption tax in the country. A drop in GDP was recorded for the first time since the third quarter of 2018. Analysts interviewed by Trading Economics expected an average decline of the Japanese economy in the fourth quarter by 3.7%. In the...

The Italian Senate has allowed instituting proceedings against former Interior Minister Matteo Salvini, Italian media reported. The request for depriving Salvini of immunity within this case was sent to the Senate by the tribunal of the Italian city of Catania. The former minister is accused of abusing power while heading the Ministry of Internal Affairs, preventing migrants from entering Italy....

Electricity generated using solar energy is cheaper and more popular in the EU. In 2019, twice as many solar panels were installed here than in 2018. “We have entered a new era of development. Solar energy is thriving in the European Union,” said Walburga Hemetsberger, head of SolarPower Europe, the industry’s leading solar industry association. More precisely, one could say that it is...

At least six people were killed in Europe as a result of the blow of Storm Chiara, the Associated Press reported on Monday. In particular, one person each died in the Czech Republic, Slovenia and in southern Britain. These were drivers whose cars fell on trees. Two more people died in a ski resort in Poland, when a roof collapsed due to inclement weather. Two more people were injured. In...

The administration of US President Donald Trump is developing a project for the country to withdraw from the World Trade Organization (WTO) agreement on government procurement, Bloomberg reported, citing sources. Mr. Trump announced the need to reconsider US participation in this type of agreement immediately after his election as President. The purpose of the government procurement agreement is...

Three months ago, Cyprus announced its intention to withdraw “golden passports” of 26 people. However, no action has been taken since then, the Phileleftheros newspaper writes. According to the outlet, the process stalled due to the lack of the necessary law. The legislation on citizenship deprivation in Cyprus does not contain separate provisions for the revocation of passports issued to foreign...

In the past decade, the US budget deficit will exceed $ 1 trillion, and public debt will rise to the highest level since the Second World War, Congress analysts predict. The US Congressional Budget Office (CBO) predicts an increase in US government debt from the current 81 percent of the country's GDP to 98 percent by 2030. This will be the highest figure in United States history since World War...