By the end of 2016, the number of people seeking asylum in Germany has nearly doubled compared to the end of 2014, reaching 1.6 million people. German media criticize the German authorities for the fact that they lost 30 thousand refugees who were to be deported from the country. The Italian authorities, in turn, reported a 70% decrease in the number of refugees arriving in the country from...

Mexico spent $ 1.25 billion to protect itself in case oil prices fall in the next year. Was it worth spending such amount of money? Mexico is, in fact, the only major oil-producing country that regularly hedges the price of its supplies. Every summer, Mexico buys options "put", which can be executed in the period from December of the same year to the end of November next. If the price of "black...

Carles Puigdemont and several members of his government, who did not recognize their resignation as Madrid reportedly arrived in Belgium on Monday. According to unofficial data, the purpose of their visit is to seek political asylum. Minister of Migration of Belgium, Theo Francken voiced a possibility of such a scenario the day before. Meanwhile, Spain has initiated criminal cases against the...

The growth rate of the US economy in the third quarter was higher than expected. An increase in GDP of 3% in annual terms contributed to a jump in investment and exports. The administration of Donald Trump promises that such growth rates will be possible to be maintained if the Congress approves the tax reform. However, experts warn that a sharp increase in the budget deficit will not allow...

The number of billionaires from Asia grew by 23%, to 637 people, in 2016, according to a report of UBS Bank and the consulting company PwC. Thus, Asia has overtaken the US in the number of billionaires (563 people). US billionaires are still leading by the size of the aggregate, but this indicator clearly suggests that Asia can come out on top in the coming years. The number of billionaires...

Yesterday, the authorities of Saudi Arabia announced how they intend to implement their previously announced plan to reduce the dependence of the country's economy on oil exports. This is planned to be done by building a new mega city, precisely, a large industrial zone for high-tech projects near the Suez Canal. The volume of investments is estimated at $ 500 billion. Funds will be raised, in...

Former Secretary of State Hillary Clinton and the headquarters of the US Democratic Party financed the preparation of a "Russian dossier" for US President Donald Trump, writes The Washington Post. The dossier, which contains accusations of links between the head of the White House and the Kremlin and Russian oligarchs, was the reason for the special commission's investigation. According to The...

Residents of two northern Italian provinces - Veneto and Lombardy - voted in referendums on the issue of the autonomy of their regions. 98% of those who came to the plebiscite in Veneto said they were "for" the autonomy; this number reached 95.38% in Lombardy. However, the referendums in these provinces were of a recommendatory nature - their results would allow local authorities to begin...

The International Monetary Fund (IMF) has commenced preparations for a possible bailout of Venezuela, which may require annual aid of $ 30 billion or more, writes The Financial Times. This will be one of the most complicated processes of bond restructuring in the world, as well as the largest verification of the fund's rules, the article notes. The IMF does not have official relations with...