French President Emmanuel Macron calls on developed countries and world corporations to allocate more funds to combat global warming and help the poorest countries cope with the effects of climate change, Reuters reports. The French leader is holding the One Planet summit two years after almost 200 governments in Paris agreed on the need to put an end to the strong dependence on fossil fuels and...

The gigantic scale of Chinese fishing has long looked alarming to environmentalists who are concerned with safety of the aquatic bioresources of the planet. China is the largest fishing power in the world, both in terms of fleet sizes and fishing volumes. If we count small ships in (there are hundreds of thousands of them), the size of the Chinese fishing fleet is several times higher than that...

The European Union and Japan announced completion of the concordance on a large-scale free trade agreement, thus defying the protectionism policy pursued by US President Donald Trump. "This treaty sends a clear message to the whole world that the EU and Japan intend to continue building an economy based on free, open and fair markets with clear and transparent rules, fully respecting and...

On the eve of the meeting of European heads of state scheduled for the next week, the European Commission (EC) presented a "road map" for deepening the economic and monetary integration of the Union. Proposals include, inter alia, the creation of the European Monetary Fund (EMF) on the basis of the European Stability Mechanism (ESM) - the decision should be approved by the EU Council and the...

It's been six months after the start of the crisis in the Persian Gulf, caused by the rupture of relations between Qatar and its neighbors, and finally the isolated emirate achieved the first diplomatic victory. Emir of Qatar Tamim bin Hamad Al Thani participated in the 38th summit of the Cooperation Council of the Arab States for the Persian Gulf (ПСС) on December 5-6 in Kuwait City. He was...

After long months of defeats, Trump managed to pass through the Congress an important bill on tax reform. However, this achievement will not save the White House from the dangerous Russian theme, and threatens with new problems in the future. On the night of December 2, the US Senate, by a fragile majority of 51 votes against 49, supported the bill on tax reform. This is the first major...

President of Venezuela Nicholas Maduro declared his intention to create a state crypto currency El Petro to bypass US sanctions and "strengthen monetary sovereignty." While the national currency of the country, Bolivar, is rapidly losing its value in the conditions of hyperinflation, its crypto-analogue will be secured by oil, gas, gold and diamond reserves. It is not specified how exactly this...

Against the backdrop of the conflict between Turkish President Recep Tayyip Erdogan and the Central Bank of the country, economists are discussing scenarios of possible problems associated with the credit boom in Turkey. The state has been stimulating credit growth for ten years. In recent years it resulted in growing inflation and, apparently, weakening of the Turkish lira. Polemic of the...

The European Central Bank (ECB) should complete a program of monthly purchases of assets in December, according to most economists surveyed by Reuters. The experts differ in opinions on the question whether the regulator will go for it. Most respondents believe that the ECB's quantitative easing program (QE) will be completed by the end of next year, and only a few reckon that this will happen in...