Brazilian cities began to abandon the annual carnivals because of the crisis. The worst since the 1930's economic situation is noted now in the country. The five-day celebrations, which are traditionally held in February, were not canceled even during the 2008 crisis. Campinas city with a population of 3 million people has already refused the festivities. Gabriel Rapassi, head of the city’s...

When it comes to living in a foreign city, one need to consider many factors: population, infrastructure, overall size of the city, political situation, income per capita and development prospects. Economic growth, real estate development and entertainment opportunities also play a major role in deciding and choosing a city for relocation or for investment. Therichest.com compiled a list of five...

"Trial of the Century" started in Spain today: Infanta Cristina, the sister of King Philip VI, and her husband Iñaki Urdangarin Liebaert came to the court. They are accused of corruption and embezzlement in the NGO Instituto Noos. Princess could face up to eight years in prison. Although such a harsh sentence is unlikely, the very fact of the investigation is another blow to the Spanish monarchy....

China's Foreign Ministry did not agree with a statement of US Secretary of State John Kerry that Beijing has not coped with solving the North Korean nuclear problem. "I want to stress that we all know from what the North Korean nuclear problem arose. The problem’s origins are not in China, neither there is the key to its solution," - said spokesman of the Chinese Foreign Ministry Hua Chunying at...

Tourists began to refuse visiting Cologne, being frightened by reports of massive attacks in the city, committed on New Year's Eve. This was reported by the head of the city-owned company Köln-Tourismus Josef Sommer, reports Deutsche Welle. According to Sommer, a group of tourists from the Erzgebirge (on the border with the Czech Republic) has decided to cancel a trip to Cologne, scheduled for...

British Prime Minister David Cameron has postponed a planned visit to Saudi Arabia at least until April. According to The Times, Mr. Cameron was planning to visit the Saudi capital Riyadh during a business trip to the Gulf countries in the coming weeks. The official statement notes that the British Prime Minister’s trip cancellation has nothing to do with the current tensions in the region,...

The December EU summit was presented as a moment of truth in the relations between Great Britain and the European Union. At the time, apparently there happened nothing that would indicate progress or a compromise in the negotiations to amend the terms of British membership. The final communiqué of the meeting only stated that there took place just "exchange of views" and further work is expected...

2020 Summer Olympics in Tokyo will bring 30 trillion yen ($ 249 billion) to the Japanese economy over the next five years, reported Bloomberg referring to the Bank of Japan’s forecast. According to the regulator, influx of tourists and investments into construction during 2014-2018 will be added to the Japanese GDP of 0.2-0.3 percentage points per year. The Bank of Japan clarifies that these...

One can postpone work but never Christmas. World leaders went for the New Year holidays, and some revealed where and how they are going to spend this wintertime. Here’s what Heads of States are planning to do during the holidays. Barack Obama Barack Obama and his family spends this Christmas in his home state - Hawaii, just like the previous seven years. Traditionally, the first family of the...