World & Politics
China and the US are looking for allies in the trade war - 04/20/2018
Everybody, including Beijing and Washington, realizes that the longer the trade war between China and America lasts, the more damage will be done to the world economy. Nevertheless, the conflict will apparently linger for a long time, because no one is going to concede, at least now. Chief financiers will the trade war unfolding between America and China at a meeting, which will be held this week...
World Bank: One third of Earth population has no access to financial services - 04/20/2018
Various financial services have covered two-thirds of the world's adult population. 69%, or 3.8 billion people, have bank accounts or a mobile payment service provider, according to a World Bank (WB) report on the use of financial services. In 2011, this indicator was 51%, in 2014 - 62%. However, the gap between developed and developing countries remains as the shares of consumers of financial...
Silvio Berlusconi's supporter takes up formation of the Italian government - 04/19/2018
The President of Italy, Sergio Mattarella, handed to the Speaker of the Senate Elisabetta Casellati an exploratory (trial) mandate, which implies checking the possibility of forming a parliamentary majority on the basis of the "Right Center" and the "Five Star" movement. The country needs to accelerate the sluggish process of government formation because of aggravation of confrontation between...
German social democrats are urging for rapid reforms in the euro area - 04/18/2018
German Social Democrats have increased pressure on conservatives of Chancellor Angela Merkel to support proposals for reforming the Eurozone, according to their coalition agreement, Reuters reports. Those conservatives that support Merkel also want to limit her ability to carry out reforms in the euro area, says Reuters referring to files. These plans could damage Germany's relations with France...
The soft power of Chinese money in Eastern Europe - 04/17/2018
China is actively investing in the countries of Central and Eastern Europe, while the European Union refuses to subsidize the region. In exchange for investing in the infrastructure and economy of Eastern European countries, Beijing receives a tacit approval of its actions as the EU is apparently unable to come to an agreement. "Our goal is to see a prosperous Europe," said Prime Minister Li...
IIF: Economic growth in emerging markets will outstrip developed countries soon - 04/17/2018
Forecasts of the Institute of International Finance (IIF) suggest an increase in a gap between economies of the world in terms of growth rates in the coming years. Developed economies, including such large ones as the US and the EU, will be growing at a rate of no more than 3% per year until 2019, while emerging markets - primarily China and India – will be outpacing them in terms of GDP growth...
India can show 10% GDP growth - 04/16/2018
India has already become the fastest growing economy in the world at the end of 2017. However, the country's GDP can grow at double-digit rates soon. India's GDP, according to the forecast of the Central Bank of the country, will increase by 7.4% in fiscal year 2019 after an increase of 6.6% in the previous year. "The steady growth rate is about 7%, and it can be greater with the support of...
IEA: OPEC+ will reach its goal in May - 04/16/2018
The purpose of the OPEC + agreement to limit oil production is to reduce stocks in OECD countries to an average level of five years. And it can be achieved already in May, the International Energy Agency (IEA) expects. According to experts, Russia and Saudi Arabia received an additional $ 121 million a day compared with 2017 from participation in this transaction in the first quarter of 2018. In...
Are we on the verge of World War III? - 04/13/2018
Judging by the latest news reports, the world is facing a clash of two superpowers in Syria. The situation resembles the Caribbean crisis and even may provoke a new world war. On the one hand, these fears are fueled by the unpredictability of US President Donald Trump, who spoke out against Russia on Wednesday via Twitter. Shortly before that, the Russian ambassador in Lebanon threatened that the...
Malta strives to become an island of blockchain - 04/13/2018
On Thursday, it became known that one of the largest online exchanges working with crypto-currencies - the OKEx Technology in Hong Kong - is going to open a new office in Malta. Binance exchange, the world leader in this market, announced a similar decision in the last month. It seems that the island is rapidly approaching a goal stated by the country government - to become an "island of...
