Italian Education Minister Lorenzo Fioramonti told Reuters that he had resigned after he could not get additional funding from the government. According to Fioramonti, billions of euro are needed by his ministry to improve the country's schools and universities. The minister told Reuters that he notified Prime Minister Giuseppe Conte of his “irrevocable resignation” in a letter dated December...

Although the size of shadow economies in European countries declined during the post-crisis years, it remains significant, especially in Eastern Europe. Since the size of the informal sector in local developing economies directly depends on the quality of regulation, government efficiency and the level of development of human capital, it is possible to deal with it only in a comprehensive way,...

A group of Venezuelan oppositionists attacked a military unit on the border with Brazil, at least one soldier died, Venezuelan defense minister Vladimir Padrino Lopez tweeted. According to him, they seized part of the weapon, but the military returned it and detained several attackers, whom Lopez described as "opposition extremist sectors," and the incident called it a "terrorist attack." The...

The U.S. House of Representatives voted to impeach President Donald Trump. He was accused of abuse of power and obstruction of Congress. Now his fate will be decided by the Senate, where the Republicans hold majority. The House of Representatives voted to impeach U.S. President Donald Trump because of "abuse of power". 230 people out of 435 members of the chamber voted for, and 197 - against. 229...

The debate on pension reform came to the finish line in France. Despite large-scale protests, Paris will not refuse the reform. “There will be no magic announcements,” said French Prime Minister Edouard Philippe. According to him, the pension calculation system will be brought to a single standard, privileges for individual workers will be abolished. Now there are 42 pension programs in France....

The reason for the appeal was a ban imposed by European authorities on the use of palm oil-based biofuels. According to the report of the Indonesian Ministry of Trade, the country's authorities consider the ban unjust. In addition, it is regarded as an unscrupulous attempt by the EU leadership to protect their own goods from competition. The ban is introduced under the European Second Renewable...

The Israeli Knesset officially announced its dissolution after all attempts to form a government failed. The last decision of the MPs was to adopt the law on the repeated parliamentary elections. They will be held on March 2, 2020. For the first time, Israelis will have to come to the polls for the third time in a year, and elections will be held on Monday for the first time as well. And the main...

This year, economists again spoke loudly about the world economy stepping on the Japanese way. This “disease” has already swept Japan and Europe, where it came in the form of quantitative easing and negative interest rates on deposits and bonds. Experts fear that next year it will spread to the rest of the planet, including the United States. There are prerequisites for this, as follows from an...

King of Saudi Arabia Salman bin Abdulaziz Al Saud approved the Kingdom’s draft budget for 2020 with expenditures of 1.02 trillion riyals (almost $ 272 billion) and revenues of 833 billion riyals (more than 222.1 billion dollars); deficit estimated at 187 billion riyals ($ 49.8 billion), the Saudi state news agency SPA said. According to the project, expenses will be 7.8% lower than in 2019. At...