US President Donald Trump said he has instructed the US General Services Administration to 'do what needs to be done' on the 'initial protocols' for the transfer of power to Joe Biden. CNN previously reported that the General Services Administration (GSA) and its head, Emily Murphy, had declared Biden the winner of the election and was ready to begin the transfer of power. "We are making good...

The G20 countries have pledged to work to supply the entire planet with COVID-19 coronavirus vaccines and to build a balanced "post-covid" world order. Participants in the summit, which took place on 21-22 November via videoconference, consider it urgent to establish control over the spread of the disease. "We have mobilized resources to address the urgent financial challenges in global health to...

A bumpy road, Britain’s military has been on, to say the least. Slashed budgets, dwindling support, some would even say, existential crisis. Have the Tommies lost the art? Not so: if military commanders get back on their feet, they will see that a great future lies ahead. The key to achieving it is simply embracing the new era, and learning how to do more, with less. And perhaps increased...

According to the World Trade Organisation (WTO), the volume of restrictive trade measures imposed by the G20 countries has fallen sharply over the past six months, affecting imports by $42.9 billion, a magnitude less than in the previous half of the year. However, this trend is primarily due to the decline in trade turnover and the shift in government attention to fighting the pandemic. At that,...

China, South Korea, Japan, New Zealand, Australia, and the ASEAN countries have signed a Regional Comprehensive Economic Partnership (RCEP). Its ratification will result in the creation of the world's largest free trade area. The agreement maintains selective trade restrictions and is generally less advanced than the Comprehensive and Progressive Trans-Pacific Partnership initiated by the US,...

GDP of the UK increased by 15.5% in the third quarter compared to the previous quarter - these figures were published by the National Statistics Office (ONS) on Thursday 12 November. This is a record quarterly growth since 1955, reflecting the recovery of the British economy from the recession in the second quarter under particularly stringent quarantine measures - GDP then fell by 20.4%....

Deutsche Bank proposes to introduce a 5% tax for those who keeps their income unchanged and work from home during the pandemic. According to the investment bank's strategist, these funds can be used to support socially vulnerable groups. Deutsche Bank Chief Strategist Jim Reed's review "What we must do to rebuild" proposes introduction of a 5% tax for those who work from home during the pandemic....

As part of a trade dispute over subsidies for Boeing and Airbus, the European Union is imposing additional duties on a number of US products worth up to $4 billion in total. The tariffs are introduced in response to supposedly illegal US subsidies to the manufacturer of Boeing aircraft. The World Trade Organisation (WTO) authorized their introduction in October.  On Monday 9 November, the...

The US Presidential Administration of Donald Trump intends to announce new sanctions against Iran every week before the end of his term, reports Axios news portal. According to two sources of the publication, Washington together with Israel and the countries of the Persian Gulf plans to introduce a "flow" of restrictions against Tehran within 10 weeks remaining until the inauguration of Democrat...