Angela Merkel is currently discussing with the Chinese leadership issues of improving the working conditions of German firms in China, maintaining a nuclear deal with Iran, the North Korean nuclear program, and human rights. German Chancellor Angela Merkel and Premier of the State Council Li Keqiang spoke in favor of free trade and international approaches to crisis management. Germany and China...

China has agreed to "substantially increase" volume of purchase of American goods, so both countries will refrain from raising tariffs and declaring trade wars, US and PRC representatives said on after negotiations that ended on Saturday. Details of the transaction have not been announced, and it is expected that their agreement will take additional time. However, according to Finance Minister...

The Prime Minister of Ireland, Leo Varadkar, expressed serious doubts about future negotiations on the Brexit issue on Thursday morning, suggesting that the UK risks leaving the EU without a deal if the government argument lasts until June. Speaking before the meeting with British Prime Minister Theresa May, the Prime Minister told reporters in Sofia, the capital of Bulgaria: "We doubt that we...

Election of Quim Torra as head of the most economically developed Spanish region does not promise the central government of Spain anything good. Obviously, the struggle for the secession of Catalonia will continue despite the change of power in Barcelona. The direct rule of Madrid in Catalonia, proclaimed late last year after a serious confrontation between the central authorities and Catalan...

The International Monetary Fund (IMF) noted strong economic growth in Europe, mainly driven by domestic demand. At that, the organization warned that governments do not use favorable conditions to reduce their debts and implement reforms. This is reported by Reuters. The IMF predicts that growth in European advanced economies, mainly in the euro area, will slow to 2.3% in 2018 from 2.4% in 2017....

New Scientist conducted an investigation and found that personal data of 3 million users of a popular Facebook application myPersonality were freely available. Developers of the application, Cambridge University staff, provided the user data to numerous research projects and organizations. However, the information went through an inadequately protected website, which put the security at risk. New...

The global volume of debt burden reached a new record level. The total debts of states, corporations and households now amounts to $ 164 trillion, which is equivalent to 225% of global GDP, the International Monetary Fund calculated. The previous record was fixed in 2009 against a background of a recession - 213% of GDP. In fact, countries have not reduced their debt burden after the global...

The "spiral of death". This is how you can describe the current situation in the oil industry of Venezuela. Energy companies and investors should closely monitor this, says Dow Jones. The oil production of Petroleos de Venezuela SA, the oil company of Venezuela, is rapidly declining, but some investors suggest that the company will continue to supply the world market with oil and will keep the...

Millions of tourists use Airbnb and other resources to find affordable housing. However, authorities of large cities do not like it as there’s not enough apartments for local residents. Berlin: Airbnb and the problem of housing shortage Since May 1, private individuals in Berlin can sublet the apartment, in which they live, to Airbnb, without temporary restrictions, provided that they continue...