Boris Johnson chose Scotland, Northern Ireland and Wales for his first visits. On July 29, he visited Edinburgh, where he met with First Minister of Scotland Nicola Sturgeon. Against the background of the looming no-deal Brexit, the new Prime Minister should really pay more attention to these regions. After Britain leaves the European Union without a deal, Northern Ireland and Scotland may say...

US Trade Representative Robert Lighthizer said that Vietnam should take steps to reduce its trade surplus with the US, reports Bloomberg. The US has a growing trade balance deficit with Vietnam, and the government "made it clear to Vietnam that it should take measures to reduce its unsustainable trade deficit," said Lighthizer in comments to the Senate Finance Committee. Measures to be taken by...

In 2018, North Korea’s GDP fell by 4.1%, which was the strongest decline since 1997. The main reason for the decline in the economy was tightening of sanctions in 2017 in connection with development of the DPRK nuclear program. At the same time, according to experts, the current decline in GDP is unlikely to result in devastating consequences like in the 1990s, when famine killed several million...

Italy is going through difficult times. Poverty and unemployment rates in the country are rising, the national debt has reached inconceivable proportions, the economy is almost in stagnation. Now, experts are afraid that the fate of Greece befalls Italy. In 2018, 1.8 million households in the country lived in absolute poverty, the national statistical agency had previously calculated. This is...

Former Foreign Minister of the United Kingdom Boris Johnson will now have to finish the issue with Brexit as he won the fight for the chair of the Conservative Party of Great Britain and, accordingly, the Prime Minister of the country. Boris Johnson promises that the United Kingdom will leave the EU on October 31, "with a deal with Brussels or without it." Boris Johnson has become the new leader...

The European Commission is busy preparing a package of assistance to Ireland in the amount of several billion pounds in compensation for the economic losses that may arise in the event of the UK leaving the European Union without a deal, writes The Times, referring to high-ranking officials in the European Union. It is specified, the European Union "will spend what is necessary" to support of the...

The Saturday’s rally of the “Yellow Vests” turned out to be numerically insignificant and gathered 10.3 thousand people throughout France. The center of the protests was the city of Montpellier, where the protesters and their fellow antiglobalists staged a rally. The events in Montpellier will add to the government’s bill to the demonstrators. The report “The Effect of Yellow Vests”, made under...

The increase in labor productivity due to automation cannot compensate for the negative effects of population aging and preserve the previous level of per capita income - at least at its current rate, the Organization for Economic Cooperation and Development (OECD) report says. The OECD recalls that developed countries are undergoing a process of rapidly aging population. The share of citizens...

The Indian government now aims to almost double size of the country's economy - from the current $ 2.7 trillion of GDP to $ 5 trillion by 2025. This will require an annual growth of 8%. Recently, this indicator has been showing the opposite trend as...