Oxfam NGOs found that the poorest part of the population (20%) accounts for only 5% of the paid remuneration on average in the seven most developed countries in the world. At that, 20% of the richest people account for 45%. The organization believes that such a distribution resulted from policies of these countries. Inequality continues to grow among the population of the G7 countries (USA,...

European officials have prepared a 173-page “aggressive” plan, which is directed against the trade policy of US President Donald Trump, as well as against American technology giants Google, Apple, Amazon, Microsoft, Facebook and others, reported Politico, referring to the document. According to the plan, Ursula von der Leyen, the President of the European Commission, is to establish the European...

Turkish authorities set to solve one of the most sensitive problems for the country, the excess of refugees from Syria. Considering that most of the Syrians found refuge in Istanbul, the Ministry of Internal Affairs intends to evict all refugees registered in other provinces from the city by October 30. Meanwhile, newspapers report cases of forced expulsion of Syrians to their homeland. Several...

Facebook and Twitter reported that the Chinese authorities launched a full-fledged propaganda machine on the Internet, aimed at misinforming Hong Kong protesters. Based on such findings, social networks announced blocking of accounts, blogs and groups, which, in their opinion, contained false information about events. Twitter’s corporate blog reported discovery of 936 accounts "originating from...

Representative of the left bloc Alberto Fernandez won the presidential primaries in Argentina. His victory collapsed the country's financial market, and the peso rate has fallen by 30% since the beginning of the week. Investors fear that if this candidate wins the final election, Argentina will return to populism and break off the agreement on financial assistance with the International Monetary...

Level of greenhouse gas emissions broke a record in 2018. The concentration of carbon dioxide in the atmosphere reached 407.4 parts per million, which is the highest value in history. The impact of emissions on global warming compared with 1990 was stronger by 43%, reports CNN, referring to a report published by the Meteorological Society of the United States.   The year 2018 was one of...

A political crisis erupted in Italy, and there is now a question of a no confidence vote in the government. Meanwhile, the country's economy is going through hard times: the level of poverty in the country is growing, public debt has reached unthinkable levels, and the government is piling up promises instead of budget savings, as Brussels requires. A government crisis has erupted In Italy and it...

India intends to reduce capacity of the new largest oil refinery, as the country needs to lower spending. The need to comply with stringent environmental measures when acquiring land resulted in an increase in total costs to $ 60 billion from $ 44 billion. India, together with the state-owned oil companies of Saudi Arabia and the UAE, plans to build a giant refinery in the state of Maharashtra on...

Hong Kong Government Statistics Agency (C&SD) published data showing that mass protests in the Special Administrative Region (SAR) affected macroeconomic indicators in the local economy. Hong Kong's GDP growth rate in the second quarter of 2019 was 0.6% year-on-year, while it almost reached 5% in 2018. The city, which was under British control until 1999, has been a refuge for Chinese political...