World & Politics
Study: Relocation of enterprises back to US won't make America great again - 07/16/2019
Industrial enterprises moving outside their home countries seem to increase national welfare, contrary to opinion of economists in the United States. At the same time, their location on the national territory is not very beneficial, says Gregory Huffman from Vanderbilt University . As follows from his work, outsourcing of part of the production abroad increases welfare of workers on both sides of...
Cyprus on the verge of migration crisis - 07/15/2019
Migrants from Africa and Asia keep arriving to Europe. At first the influx almost resulted in a political crisis in Germany. Angela Merkel's ratings show that migration has dealt the greatest blow in the entire career of Frau Chancellor. Then there was Italy. Cyprus is now the most popular migration destination. This island was in first place in Europe in the number of migrants per capita. In...
US launches investigation of French tax on IT giants - 07/11/2019
The US Trade Representative has launched an investigation into plans of the French government to impose a tax on companies providing digital services, according to a statement by Head of Department Robert Lighthizer. The document states that the US president ordered to study consequences of such a step and check whether the tax is not discriminatory or unreasonable, and whether it restricts the...
Experts: There is risk of default in the US in September - 07/09/2019
Already this fall, the US federal government will risk losing the ability to pay its bills in full and on time, according to the Washington Bipartisan Policy Center (BPC). The experts reckon that it may happen in the first half of September. Previously, BPC said that default threatens to occur in October-November. After analyzing the new data, the experts came to the conclusion that in the summer...
Croatia sets to join euro area - 07/08/2019
Croatia plans to fulfill its obligations to the EU and join the euro zone by 2023. Еhe country sent a letter of intent to the EU institutions to join ERM II, the exchange rate mechanism preceding the country's entry into the zone of the single European currency. For at least two years, Croatia is obliged to maintain a stable exchange rate of the Croatian kuna to the euro and to carry out a series...
WTO: International assistance is the most effective for those who develop independently - 07/04/2019
International financial assistance to poor countries for development of trade contributes to economic diversification and expands opportunities of marginalized groups of society. However, progress remains geographically heterogeneous, according to a joint report by the WTO and OECD on the Aid for Trade initiative. Of the $ 860 billion of direct financing and concessional loans of the program, the...
Christine Lagarde temporarily resigns - 07/03/2019
Christine Lagarde temporarily resigned as Managing Director of the International Monetary Fund in connection with nomination of her candidacy for the post of Head of the European Central Bank. 63-year-old Lagarde made this decision after consultation with the ethics committee of the executive board of the IMF. She called the proposal to lead the ECB "honor". The duties of the IMF Managing...
Hong Kong protesters crush parliament - 07/03/2019
Beijing called the events in Hong Kong outrageous. On the evening of July 1, the protesters actually vandalized parliament, stopping its work for at least two weeks. Festive events on the occasion of the 22nd anniversary of the return of Hong Kong to the jurisdiction of China were held almost without visitors: instead of them, about half a million people took part in protest marches demanding...
UN discusses Sustainable Development Mechanism in Bonn - 07/02/2019
Rules of the work of the new economic mechanisms of the Paris Climate Agreement became the main topic of the regular session of the UN climate talks in Bonn. Although the final operating conditions of the sustainable development mechanism have not yet been approved, the new instrument’s format is already largely clear: priority will be given to projects to reduce emissions in the conditions of...
What happened to French Yellow Vests? - 07/01/2019
The Yellow Vests movement has not disappeared. The French, dissatisfied with the authorities, hasn’t missed a single Saturday rallying in the streets of Paris and French cities. Now, however, this protest movement is far from as strong as it was at the end of last year. Moreover, it has changed a lot in these eight months. Last Saturday, only a thousand people went to the streets of the capital....
