The volume of global debt in January-March 2018 increased by $ 8 trillion, to $ 247 trillion, and this is already 318% of global GDP. This figure was $ 222.6 trillion in the first quarter of 2017. Quarterly growth was recorded for the first time since the third quarter of 2016, it follows from the calculations of the Institute of International Finance (IIF). The debt load of the corporate sector...

British Foreign Secretary Boris Johnson resigned this afternoon because of disagreement with the Brexit plan. The day before, David Davis, the Secretary of State for Exiting the European Union, left his post for the same reason. Both politicians are opposed to maintaining a free trade zone with the EU after leaving the union, as well as against the lack of customs control. British...

Europeans are facing a difficult choice. The production of own gas is falling, but the demand is growing. It would seem that there is no problem, because Russia is still ready to meet the growing demand of Europe. However, here comes the United States. The US produces a lot of liquefied gas and really wants to replace Russian gas in Europe with its American analogue. According to the forecasts of...

The Government of India decided to keep a complete ban on the use of crypto currency in the country. Earlier, this ban was issued by the Central Bank of India to all financial institutions. Some financial companies have appealed to the Supreme Court with a note of protest to appeal the decision of the central bank, but the central bank rejected the appeals. In yesterday's ruling, the Supreme...

The European Union is changing the copyright law. Now, nearly everything can become a reason to block a website. The Committee of the European Parliament on Legal Affairs on June 20, 2018 approved the draft of a new EU directive on copyright protection. If the initiative is approved by the parliament, it can significantly change the regulation of copyright in the EU. One of the provisions...

At least nine members of the European Union agreed to create a European military response force within the framework of European Intervention Initiative (EII). The initiator of the creation of the European mini-army is President of France Emmanuel Macron. He is taking advantage of the major internal problems of Angela Merkel, and it looks like he clearly seeks to dismount the German Chancellor...

Brussels will host the NATO summit on July 11-12. On its eve, Foreign Ministers of the European countries and the Secretary General of the alliance, Jens Stoltenberg, arranged a discussion on creation of military transport corridors to organize free movement of NATO forces throughout the EU. At the same time, this issue is by no means the most difficult, given the objectives of the new NATO...

According to the authors of the traditional study on the cost of living for expats, i.e. people living and working abroad, Hong Kong is the priciest for them. In general, Asia leads the list in this year's ranking, with six cities in the top ten: Hong Kong, Tokyo, Singapore, Seoul, Shanghai and Beijing. There are also two representatives of Europe and Africa at the top of the rating: Zurich (3)...

China and the European Union have agreed to strongly oppose unilateralism and protectionism and not allow such practices to have an impact on the world economy or even lead to a recession. Both sides pledged to protect the multilateral trading system, Vice Premier of the State Council Liu He said on Monday after meeting with European Commission Vice-President Jyrki Katainen. Both sides are...