World & Politics
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...
Analysts: Smaller proportion of middle class threatens global economy - 04/24/2019
The middle class share is decreasing in developed countries, and the standard of living of its representatives has been declining for many years, according to a report by the Organization for Economic Cooperation and Development (OECD). 30 years ago, the middle class comprised 64% of the population of OECD countries, now it is 61%. These figures differ for each country: about 50% of the...
Sri Lankan authorities are looking for international trail in the terrorist attack - 04/23/2019
The Sri Lankan authorities are investigating circumstances of the largest terrorist attack in the history of the country, committed on Catholic Easter Sunday. After the first reports that the terrorist attacks were committed by a little-known local Islamist group, the authorities made it clear that there could be an international organization behind the attacks. Law enforcement agencies keep...
Housing crisis makes Berliners think about nationalization - 04/22/2019
There is a housing crisis brewing in the capital of the largest economy in the euro zone, Germany. In recent years, rental prices in Berlin began to rise sharply and have more than doubled in ten years. As a result, thousands of Berliners went to the streets. Some even began to demand nationalization of housing, which is owned by the largest management companies. In early April, many thousand...
Japanese population problem: Country annually loses population of an average city - 04/19/2019
Rate of decline in the population of Japan is accelerating. These years, the country has been annually losing a number of people comparable to average-sized city’s population, and this trend will continue indefinitely. The Ministry of Internal Affairs of Japan announced another unpleasant statistics: last year, the country’s population decreased by more than 430 thousand people. However, this...
Greece demands reparations for German occupation - 04/18/2019
The Greek parliament officially supported the initiative of the country’s government to put forward claims to Germany regarding reparations for the damage caused by the occupation during the Second World War. It is reported that the decision was made by a majority vote in the Greek Parliament. In addition, this initiative was supported by the country's Prime Minister Alexis Tsipras. The Greek...
Venezuela: The black hole of the Latin America's economy - 04/18/2019
The IMF considers it very important to continue reforms in Brazil, Mexico and Argentina in order to gain investor confidence. The situation in the global economy has made a U turn over the past year. The slowdown in growth, which manifested itself in the final segment of 2018, is expected to continue in the near future. Moreover, in view of the growing uncertainty, the situation in a group of...
