World & Politics
Inflation in Turkey reaches 15-year high in September - 10/03/2018
Consumer prices in Turkey grew by 24.52% in annual terms in September, according to data from the Turkish Institute of Statistics. Analysts polled by Bloomberg, on average, predicted a price increase of 21.1%. Compared with August, consumer prices rose by 6.3%, the highest rates since April 2001. Analysts forecasted a growth rate of 3.4%. Inflation in Turkey accelerated against the backdrop of...
Dutch submarine deal: understanding the underpinnings of the equation - 10/03/2018
In the coming years, the Netherlands is due to replace its fleet of four submarines, which has served its time. Despite the relatively small fleet, it will represent a strategic investment for The Hague, which will take the time to choose wisely. What ambitions lie behind the deal, and what is the new fleet meant to accomplish?
Donald Trump agrees to USMCA instead of NAFTA - 10/01/2018
Following talks on renegotiation of the Agreement on the North American Free Trade Agreement (NAFTA), which took place in Ottawa, Canada, the United States and Mexico reached consensus on a new trade agreement that will replace NAFTA. The new modernized agreement has already been called the USMCA (the United States — Mexico — Canada Agreement). The countries plan to sign it within 60 days. The...
ECB expects slow pace of economic development in Europe and the US in 2019 - 09/28/2018
The ECB's Economic Bulletin, published on Thursday, revised downward medium-term forecasts of the euro zone’s GDP growth. The ECB's June forecast for growth in Europe was generally optimistic. Now, however, the European Central Bank is inclined to believe that 2016-2017 would be the best in this...
Six countries urge to call Nicolas Maduro to court for the Venezuelan humanitarian crisis - 09/27/2018
The humanitarian crisis in Venezuela was one of the key issues for the Western Hemisphere at the 73rd session of the UN General Assembly. The speech of US President Donald Trump, who told world leaders about "suffering and devastation" in socialist Venezuela, inspired President Nicolas Maduro's opponents to new decisive actions. Yesterday, six countries asked the International Criminal Court...
Top eight countries that will become the richest by 2020 - 09/25/2018
The IMF experts presented an economic forecast, within the framework of which they assessed potential of different countries, and also ranked those countries that will become most rich by 2020. Below we will describe these countries in more detail. 1. Macao GDP per capita: $ 143.12 thousand The world center of casinos and gambling will become the richest place on the planet by 2020, IMF...
Is it possible for Euro to replace Dollar? - 09/20/2018
Next year, the euro will turn 20 years old. Despite the years of crisis, the single European currency is more important than any other national European currency after the end of World War II. Even countries that are not part of the euro area sometimes accept the euro as an alternative means of payment. However, the value of the euro is small compared with some other currencies, namely with the...
Elections in Brazil: Last nail in the system's coffin - 09/18/2018
One favorite is in a hospital ward after being stabbed, and the second is in the prison. And millions of Brazilians are so unhappy with their economic situation and the chaos that reigns in the country that they do not want to go to polling stations. On October 7, Brazil is holding general elections to choose the President, governors and legislators. The election campaign is really unusual even...
Typhoon Mangkhut and Hurricane Florence: Exhausted, but still dangerous - 09/17/2018
The strongest typhoon of this year, Mangkhut, formed in the Pacific Ocean and hit the countries of South-East Asia. The tropical storm caused the death of at least 69 people. And Hurricane Florence has already brought 17 victims in the east of the USA. Typhoon Mangkhut and Hurricane Florence continue to synchronously destroy infrastructure of settlements in the countries of South-East Asia and...
European Parliament approves new changes in the law on copyright in the Internet - 09/13/2018
On September 12, the European Parliament approved changes in European copyright law in the digital industry. MPs believe that the new law will allow content authors to receive a "fair" part of their profits from republishing of their works on social networks and video hosting. In turn, critics believe that Internet platforms can become censors, removing even excepts from works, songs and films...
