Italy is going through difficult times. Poverty and unemployment rates in the country are rising, the national debt has reached inconceivable proportions, the economy is almost in stagnation. Now, experts are afraid that the fate of Greece befalls Italy. In 2018, 1.8 million households in the country lived in absolute poverty, the national statistical agency had previously calculated. This is...

Former Foreign Minister of the United Kingdom Boris Johnson will now have to finish the issue with Brexit as he won the fight for the chair of the Conservative Party of Great Britain and, accordingly, the Prime Minister of the country. Boris Johnson promises that the United Kingdom will leave the EU on October 31, "with a deal with Brussels or without it." Boris Johnson has become the new leader...

The European Commission is busy preparing a package of assistance to Ireland in the amount of several billion pounds in compensation for the economic losses that may arise in the event of the UK leaving the European Union without a deal, writes The Times, referring to high-ranking officials in the European Union. It is specified, the European Union "will spend what is necessary" to support of the...

The Saturday’s rally of the “Yellow Vests” turned out to be numerically insignificant and gathered 10.3 thousand people throughout France. The center of the protests was the city of Montpellier, where the protesters and their fellow antiglobalists staged a rally. The events in Montpellier will add to the government’s bill to the demonstrators. The report “The Effect of Yellow Vests”, made under...

The increase in labor productivity due to automation cannot compensate for the negative effects of population aging and preserve the previous level of per capita income - at least at its current rate, the Organization for Economic Cooperation and Development (OECD) report says. The OECD recalls that developed countries are undergoing a process of rapidly aging population. The share of citizens...

The Indian government now aims to almost double size of the country's economy - from the current $ 2.7 trillion of GDP to $ 5 trillion by 2025. This will require an annual growth of 8%. Recently, this indicator has been showing the opposite trend as...

Industrial enterprises moving outside their home countries seem to increase national welfare, contrary to opinion of economists in the United States. At the same time, their location on the national territory is not very beneficial, says Gregory Huffman from Vanderbilt University . As follows from his work, outsourcing of part of the production abroad increases welfare of workers on both sides of...

Migrants from Africa and Asia keep arriving to Europe. At first the influx almost resulted in a political crisis in Germany. Angela Merkel's ratings show that migration has dealt the greatest blow in the entire career of Frau Chancellor. Then there was Italy. Cyprus is now the most popular migration destination. This island was in first place in Europe in the number of migrants per capita. In...

The US Trade Representative has launched an investigation into plans of the French government to impose a tax on companies providing digital services, according to a statement by Head of Department Robert Lighthizer. The document states that the US president ordered to study consequences of such a step and check whether the tax is not discriminatory or unreasonable, and whether it restricts the...