World & Politics
ECB: Global economic growth will slow down in 2019 - 12/28/2018
Global economic activity is expected to slow down in 2019 and will remain stable thereafter, the European Central Bank (ECB) said in its economic bulletin. The weakening of political support in advanced economies and the impact of the trade conflict between the United States and China are putting pressure on global activity, the ECB said. "The growth of world trade has slowed somewhat, and the...
Japan to resume killing whales - 12/27/2018
Japan decided to withdraw from the International Whaling Commission (IWC) in 2019 in order to resume whaling from July, Secretary-General of the Japanese Cabinet Yoshihide Suga said at a briefing in Tokyo. Earlier, Japan announced its withdrawal from the International Commission on Whaling, said a source in the Japanese government. According to him, this way the country will be able to catch...
Analysts: Trump’s impeachment will become a national risk in 2019 - 12/27/2018
American experts have included likelihood of impeachment of Donald Trump in the list of potential risks for 2019. In addition, economists fear escalation of trade conflict with China and complications associated with the Fed's policy and the stock market situation that has worsened by the end of the year. According to American observers, investors and business in general are beginning to consider...
China publishes list of restricted industries - 12/26/2018
Yesterday, China published a new list of industries where work of local companies and those created with the participation of foreign capital is restricted. Manufacturing and financial sectors take most of the list of 151 points. This is a realization of the principle “everything that is not prohibited is allowed”: due to this, Beijing hopes to further simplify access to its market, including for...
Cristina Kirchner is accused in bribery, again - 12/24/2018
Cristina Fernandez de Kirchner, who served as president of Argentina from 2007 to 2015, will be prosecuted on charges of accepting bribes in the amount of tens of millions of US dollars. This decision was made by the Federal Court of Argentina, which demanded that the former President deprived of her deputy immunity and arrested. In her turn, the current senator Christina Kirchner says that the...
EU car manufacturers are protesting against new green initiative - 12/20/2018
Representatives of the European Automobile Manufacturers Association (ACEA) criticized the EU’s carbon emissions reduction plan of 37.5% for passenger cars and 31% - for minivans by 2030. ACEA called these plans unrealistic and called on the authorities to take a more constructive stance. The ACEA statement speaks of "serious concerns about plans to reduce CO2 emissions, which automakers must...
Spanish PM promises to bring national guards to silence Catalonia - 12/13/2018
The conflict around Catalonia has escalated once again. Yesterday, Spanish Prime Minister Pedro Sanchez assured that if unauthorized actions in support of the autonomy’s independence do not cease, the government will have to bring national, rather than local, security forces, to keep order. The new Prime Minister does not want to follow the example of his predecessor and solve the problem by...
Is there an alternative to Macron? - 12/12/2018
The Yellow Vests protests further hit the rating of French president. The measures to rescue the situation, proposed by him earlier, met with criticism from opposition politicians. Yet, their ratings do not greatly exceed Macron’s figures. A political vacuum has occurred in France, and even unsuccessful political figures are trying to fill the gap. Despite concessions of French President Emmanuel...
Theresa May gives up - 12/11/2018
British Prime Minister Theresa May decided to postpone the vote on the plan to withdraw from the European Union. It seems that Theresa May is still not an iron lady, no matter how much she wants to be like Margaret Thatcher. According to a Bloomberg source, she nevertheless decided to postpone the decisive Brexit vote. On Tuesday evening, MPs were supposed to approve a plan for the United Kingdom...
Japan opens the gates for migrant workers - 12/10/2018
The Japanese Parliament on Saturday passed a law that opens the country to low-skilled foreign workers. Previously, the migration flow has been severely limited due to the traditionally negative attitude of Japanese people towards labor migrants. It is expected that about 345 thousand people will arrive in the country in the next five years. The opposition criticized the new law for insufficient...