World & Politics
Croatia sets to join euro area - 07/08/2019
Croatia plans to fulfill its obligations to the EU and join the euro zone by 2023. Еhe country sent a letter of intent to the EU institutions to join ERM II, the exchange rate mechanism preceding the country's entry into the zone of the single European currency. For at least two years, Croatia is obliged to maintain a stable exchange rate of the Croatian kuna to the euro and to carry out a series...
WTO: International assistance is the most effective for those who develop independently - 07/04/2019
International financial assistance to poor countries for development of trade contributes to economic diversification and expands opportunities of marginalized groups of society. However, progress remains geographically heterogeneous, according to a joint report by the WTO and OECD on the Aid for Trade initiative. Of the $ 860 billion of direct financing and concessional loans of the program, the...
Christine Lagarde temporarily resigns - 07/03/2019
Christine Lagarde temporarily resigned as Managing Director of the International Monetary Fund in connection with nomination of her candidacy for the post of Head of the European Central Bank. 63-year-old Lagarde made this decision after consultation with the ethics committee of the executive board of the IMF. She called the proposal to lead the ECB "honor". The duties of the IMF Managing...
Hong Kong protesters crush parliament - 07/03/2019
Beijing called the events in Hong Kong outrageous. On the evening of July 1, the protesters actually vandalized parliament, stopping its work for at least two weeks. Festive events on the occasion of the 22nd anniversary of the return of Hong Kong to the jurisdiction of China were held almost without visitors: instead of them, about half a million people took part in protest marches demanding...
UN discusses Sustainable Development Mechanism in Bonn - 07/02/2019
Rules of the work of the new economic mechanisms of the Paris Climate Agreement became the main topic of the regular session of the UN climate talks in Bonn. Although the final operating conditions of the sustainable development mechanism have not yet been approved, the new instrument’s format is already largely clear: priority will be given to projects to reduce emissions in the conditions of...
What happened to French Yellow Vests? - 07/01/2019
The Yellow Vests movement has not disappeared. The French, dissatisfied with the authorities, hasn’t missed a single Saturday rallying in the streets of Paris and French cities. Now, however, this protest movement is far from as strong as it was at the end of last year. Moreover, it has changed a lot in these eight months. Last Saturday, only a thousand people went to the streets of the capital....
Mogherini: EU-Iran trade mechanism is almost ready - 06/26/2019
The special INSTEX settlement mechanism between Iran and the European Union, bypassing US sanctions, is ready for launch, said Federica Mogherini, Head of European diplomacy. "We have worked a lot with the EU member states on a mechanism that would allow legitimate trade with Iran. I believe that it is now ready, and I hope that this will help Iran continue to fulfill its obligations under the...
Japan, US, Australia to oppose China - 06/26/2019
The United States, Japan and Australia intend to invest $ 1 billion in the construction of a plant for liquefaction of natural gas. The project in Papua — New Guinea will be the first real step of the three countries to create a counterbalance to the Chinese Belt and Road Initiative. Washington and its allies believe that Beijing is taking advantage of the fact that developing countries need...
Mexico deploys 15 thousand troops at the US border - 06/25/2019
Mexico deployed about 15,000 troops in the northern part of the country at the border with the United States to curb the flow of migrants from Central America, Mexican Defense Minister Luis Cresencio Sandoval told reporters. Under pressure from US President Donald Trump, Mexico promised earlier this month to strengthen its southern border with 6,000 national guards to slow down the wave of...
Agnes Callamard of UN: Saudis are responsible for Khashoggi murder, US should intervene - 06/20/2019
Against the background of rising tensions around Iran, the UN extrajudicial executions investigator Agnes Callamard proposed introducing sanctions against the country’s main regional opponent, Saudi Arabia. This is stated in Ms. Callamard’s report on the murder of The Washington Post columnist Khashoggi. The Kingdom of Saudi Arabia is responsible for the murder of journalist Jamal Khashoggi,...
