Former Mayor of New York, billionaire Michael Bloomberg may stand as a Democratic candidate for the U.S. presidential election in 2020. Earlier, the businessman claimed that he was not going to participate in the race. Now he believes that the current Democratic contenders are not ready to “secure a defeat for Trump.” Michael Bloomberg is actively preparing for entry into the primaries of the US...

US authorities have stepped up efforts to reconcile South Korea and Japan, their key allies in Asia. On Tuesday, Assistant Secretary of State for East Asia and the Pacific, David Stillwell, arrived to South Korea. One of the key topics for discussion is Seoul’s decision to withdraw from the Agreement on the General Security of Military Information (GSOMIA), a key mechanism for cooperation between...

German Chancellor Angela Merkel announced that the government will invest € 3.5 billion ($ 3.9 billion) in the construction of charging stations for electric vehicles by 2035. The statement was made during a speech by the Chancellor at the Volkswagen factory in Zwickau, where starts production of an ID.3 electric vehicle worth € 30 thousand. “Now we can say that Zwickau is the pillar of today's...

The world’s largest oil and gas companies should reduce production by more than 30% by 2040 in order to achieve hydrocarbon emissions targets set by the Paris Climate Agreement. British analysts at Climate Tracker said that emissions from the world's largest energy companies, which are going up due to increased oil production, will increase spending to lower this level for decades. The 2015...

The UK Her Majesty's Revenue and Customs (HMRC) received many messages about citizens who could withdraw money abroad. The messages were received within an automatic exchange of information. However, the tax authorities don’t have time to study them, so they send letters to potential tax evaders asking them to confess. The HMRC has been "littered" with reports of accounts in foreign banks, which...

In the III quarter of 2019, Hong Kong's GDP has been falling at the highest rate since 2009, by 3.2% quarterly, and a recession has begun in the region's economy. In the second quarter, Hong Kong's economy fell 0.4% compared with January-March. In annual terms, in the III quarter, the economy declined 2.9% after rising 0.5% in the previous quarter. The pace of the economic downturn exceeded...

The association of Brazil, Russia, India, China and South Africa as BRICS no longer makes economic sense, S&P analysts said. The term BRIC (originally without South Africa) was proposed in 2001 by Jim O`Neill, Head of Goldman Sachs asset management division. In his opinion, large countries with developing economies were united by favorable prospects for GDP growth and strengthening roles in the...

After a four-year break, Argentina turned left once again. Leaders of Cuba, Bolivia, and Venezuela were among the first to send congratulatory telegrams to former Argentinean Prime Minister Alberto Fernandez, who won Sunday's presidential election. Together with him, Cristina Fernandez de Kirchner, who led Argentina in 2007-2015, was elected as Vice President. During the election campaign, this...

Evaluation of the US national brand grew by 7.2% to $ 27.751 trillion since last year, China's brand valuation soared by 40.5% to $ 19.486 trillion, and the brand of Germany fell by 5.7% to $ 4.855 trillion. These are the results of a new study by Brand Finance study. All three countries remain the most expensive brands in the world. The brand assessment took into account the country's GDP,...