World & Politics
Does Venezuelan economy have a future? - 07/25/2018
Hyperinflation in Venezuela is gaining momentum against the backdrop of the most severe financial, economic and humanitarian crisis that has been going on for five years. Tens of thousands of Venezuelans are leaving the country in search of a better life in Brazil and Colombia. The IMF warns in the updated forecast of the development of Latin America that the "diseases" of Venezuela are...
Is the UK doomed to hard Brexit with Dominic Raab? - 07/24/2018
The new Secretary of State for Exiting the European Union of the UK Dominic Raab has already proved that it will be more difficult to deal with him than with his predecessor. In an interview with the Sunday Telegraph, Raab bet 39 billion pounds ($ 51 billion). This is a sum, which London must pay to Brussels, leaving the European Union, and it is directly dependent on a trade agreement between...
Ex-employee of Cambridge Analytica to create a fund supporting the extreme right forces in the EU - 07/23/2018
The former vice-president of the analytical company Cambridge Analytica and the chief strategist of the election campaign of Donald Trump Steve Bannon has entered the pre-election race in the European Union. Ten months before the elections to the European Parliament, the American edition of the Daily Beast reported: Mr. Bannon is setting up a political fund for the support of extreme right-wing...
IMF: Lack of trust is more harmful than trade wars - 07/23/2018
The crisis of trust between the world trade participants can have a more negative impact on the world economy than the direct introduction of duties, experts of the International Monetary Fund (IMF) estimated in an analytical report prepared for the meeting of finance ministers and heads of central banks of G20 member countries in Buenos Aires. The maximum losses in this case will reach 0.4-0.5%...
Will Hungary become a new European gas hub? - 07/20/2018
Countries of Central and Eastern Europe are debating over the transit of gas from a field discovered in the Black Sea. Hungary believes that the era of the monopoly of Russian Gazprom in the region is over. A large gas field was discovered in the Romanian part of the Black Sea several years ago. According to preliminary estimates, its reserves reach more than 40 billion cubic meters of gas. This...
Does Trump really want to split the European Union? - 07/19/2018
Washington confirmed that on July 25, President Trump will meet with President of the European Commission (EC) Jean-Claude Juncker at the White House. Europe does not hide the fact that the head of the European Commission goes overseas to put up with the "big brother". "It is clear that Junker cannot fly to Washington empty-handed," said one of the high-ranking European diplomats to Politico....
USA is considering higher tariffs on uranium import - 07/18/2018
The administration of President of the United States Donald Trump intends to study a possible damage to the national security of the country as a result of the import of uranium. This investigation may result in introduction of duties on import of this metal into the United States, Bloomberg reported referring to three sources familiar with this topic. The timing of the investigation is not yet...
President Macron is reviving entrepreneurship in France. Will he succeed? - 07/17/2018
Last year, 39-year-old Macron became the youngest President of France. But his age is even less important than the background: Macron spent over three years working as an investment banker for Rothschild and himself tried to launch an educational start-up. French politicians, from Chirac to Hollande, for decades spoke about reforms, but failed to resist the pressure of pensioners and trade...
IMF: Trade protectionism increases risks for the world economy - 07/17/2018
The global economy will continue to grow at high rates, but the risks of slowing this growth are increasing, experts of the International Monetary Fund (IMF) said. The main threat there is considered to be the expansion of the trade protectionism practices. However, the experts noted that so far the macro consequences of the measures announced on this part have been having an insignificant...
Pay if you don't care about nature: New environmental trends in the UK - 07/16/2018
The Starbucks coffee house has introduced a £ 0.05 charge per serving sold in a disposable paper or plastic cup in all of its cafes in the UK. The company won’t make money on this, but sellers of pottery have chances to increase their profits. 2.5 billion disposable cups are annually used in the UK, and only 0.25% of them are recycled. The UK Starbucks decided to widely introduce charges for...