According to Knight Frank consulting company, in 2019 number of people with net wealth of $ 30 million and above grew by 6.4% despite the slowdown in economic growth. Now there are more than 513 thousand of them around the world. In 2019, another 31 thousand people with net worth of $ 30 million or more appeared in the world. The growth was 6.4%. As Knight Frank consulting company noted in its...

A group of economists under the auspices of the World Bank Group issued a report systematizing the current state of the idea of “universal basic income”. Eventually, they concluded that the basic income and its analogues are practically feasible; it is more complicated and significantly more expensive than existing models as a means of improving the social protection. Perhaps, the idea does not...

For the first time in history, German winemakers were unable to harvest grapes for the production of ice wine (Eiswein), which is made from berries frozen on the vine. “2019 will go down in history as the first year when there was no harvest for ice wine throughout Germany,” the German Wine Institute (DWI) said in a statement. According to DWI spokesman Ernst Büscher, because of the warm winter,...

Boston Consulting Group (BCG)’s 2019 industrial production cost competitiveness rating shows the effects of the trade wars of the last five years: the United States significantly improved its global competitiveness last year mainly due to increased labor productivity. In the trade dispute between the United States and China, Vietnam and other Southeast Asian economies became the winning parties....

On Monday, February 24, the US Presidential Administration Donald Trump requested $ 2.5 billion from congress to fight against coronavirus, AP reports citing a statement from the White House budgetary office. These funds will be used to develop a vaccine, provide medical care and personal protective equipment. Donald Trump’s administration is asking for $ 1.25 billion to directly fight the...

The situation with the spread of coronavirus will cost the global GDP about 0.1 percentage points of growth, if events develop according to the baseline scenario. China will lose about 0.4 percentage points of GDP compared with the forecast of the fund in January, said Head of the International Monetary Fund (IMF) Kristalina Georgieva. "In our current baseline scenario... the Chinese economy will...

The Social Democratic Party of Germany (SPD) won the parliamentary elections in the federal state of Hamburg, follows from the calculation of the statistical bureau. The ruling Christian Democratic Union (CDU) gained 11.2%, ranking third. The SPD received 39% of the vote, the Greens - 24.2%. Both parties were included in the former government of the land. According to Die Zeit, the CDU has gained...

The non-governmental organization Tax Justice Network ranked countries for financial opacity and closeness. The top 10 included not only offshore territories such as the British Virgin Islands and Cayman Islands, but also countries such as the United States, Japan, Switzerland, the Netherlands and the UAE. The non-governmental international organization Tax Justice Network (TJN), which studies...

The International Monetary Fund, as a lender of last resort, cannot offer Argentina debt cancellation, said IMF Managing Director Kristalina Georgieva in response to the call of the country's vice president Cristina Fernandez de Kirchner to take such a step. In an interview with Bloomberg, Georgieva said that the IMF continues to support the government of Alberto Fernandez in his attempts to...