World & Politics
IEA: Global energy industry investments start to grow in 2018 - 05/14/2019
Investments in the global energy sector ceased to decline in 2018 after falling for three years in a row, and amounted to $ 1.85 trillion, which almost coincides with the figure in 2017, according to the International Energy Agency (IEA). "In 2018, investments in the global energy sector stabilized at a level close to $ 1.85 trillion after three years of decline. The growth in investments in oil,...
Africa to create the world's largest trade union - 05/13/2019
Just a few days are left before transformation of a large part of Africa into a trade zone free from barriers and duties. This momentous event will occur on Thursday, May 30th. It will be the world’s largest free trade zone by the number of its member countries. The population of AfCFTA exceeds 1.2 billion people, and the total GDP of its member countries is about 2.5 trillion dollars. It is...
Analysts: World ecology is in the worst state in the entire history of civilization - 05/08/2019
Human activity puts about a million species of plants, animals and other organisms under threat. According to scientists from the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystems (IPBES), a sharp increase in human activities, urban growth, climate change, as well as growing emissions and waste can have a strong negative impact on biological diversity. The IPBES report...
Study: OECD countries beat unemployment with low productivity and underpaid jobs - 05/06/2019
The average level of employment in OECD countries exceeded 70%, which is a historical maximum, especially given stabilization of the number of working hours per employee. Employment growth provided a large share of GDP growth in this region after the 2008 economic crisis. New jobs, however, were created in sectors with low labor productivity, which led to a slowdown in its growth by half against...
Assange gets one year in prison in London - 05/02/2019
The London Court stated that Julian Assange should spend 50 weeks in prison for violating the conditions of release on bail in 2012. The court will further consider the issue of the extradition of the founder of WikiLeaks in the United States. WikiLeaks founder Julian Assange was sentenced to 50 weeks in prison for violating bail conditions. This decision was made by the Royal Court of Southwark,...
Japanese Emperor is leaving the throne - 05/01/2019
Japanese Prime Minister Shinzo Abe officially announced abdication of Emperor Akihito. This news is not a sensation as the monarch announced his desire to leave the throne soon in 2016. After that, the country's parliament drafted a special law allowing Akihito to retire at will. World leaders have already expressed their appreciation to Emperor and promised to develop mutually beneficial...
Swedish Central Bank admits the country risks completely losing paper money - 04/30/2019
The Central Bank of Sweden asked the parliament to clarify definition of the term “means of payment” “as soon as possible”, noting the rapid decline in cash use, as well as prospects for issuing digital currency in the future. The Central Bank of Sweden asked the parliament to clarify definition of the term “means of payment” “as soon as possible”, noting the rapid decline in cash use, as well as...
US-China trade negotiations are on the final lap - 04/29/2019
On Sunday, US Treasury Secretary Steven Mnuchin said that trade negotiations between Washington and Beijing are entering the final stage, The New York Times reports. On Monday, Steven Mnuchin and Robert Lighthizer are going to China to try to resolve the remaining disputed issues between the countries. It is expected that the Chinese delegation headed by Vice Premier of the State Council of the...
Left-wing Unidas Podemos offers a coalition to Spanish socialists - 04/29/2019
Leader of the left-wing coalition Unidas Podemos Pablo Iglesias told the current Spanish Prime Minister Pedro Sanchez, a member of the Spanish Socialist Workers Party, about his desire to form a left-wing coalition government together with the socialists. Iglesias noted that his party expected a better result, but that’s enough to “stop the Righties”. He believes that negotiations on the...
Europe keeps supporting Iran - 04/25/2019
The US State Department refused to extend permits for eight countries to buy oil from Iran. The United States has virtually nullified export of Iranian oil, which is the main source of replenishment of the country's budget. The Iranian economy and Iranians have experienced some difficulties during the last six months after introduction of a new package of sanctions against Tehran in early...
