China is transforming its energy sources to reverse decades of environmental pollution. Yet, the transition to renewable energy sources leads to new questions: what to do with jobs and industries that do not have a future in this new system? The answer is surprisingly simple: export them. A number of African countries are ready to take on the "poisoned chalice" of China by building obsolete coal...

It will be difficult for Chancellor Angela Merkel to form coalition of the ruling conservative party CSU / CDU, free Democrats and "Greens" in the Bundestag. Viability of such an untypical for Germany association will depend on readiness of Merkel’s CSU/CDU party to compromise when forming a new Cabinet. European political analysts warn that one of the key politicians of the euro zone and the...

September 22 is the World Car-Free Day, when motorists are invited to abandon fuel-consuming vehicles for at least a day. Some cities and countries organize special events to promote the movement. We decided to tell about cities with the worst traffic, where residents spend most of their time in traffic jams, and, in addition, the air is polluted heavily. 1. Mexico City Country: Mexico...

It's no secret that economic giants Japan and China occupy the first two places in the list of the largest creditors of the United States. At that, a small European country has been occupying the third place for nearly a year. As follows from the report of the Treasury, published on Monday, Ireland owns more than $ 310 billion in the US treasury bonds. This causes bewilderment as it turns out...

British politician and British Foreign Secretary Boris Johnson believes that Brexit talks will fail. And, it should be noted, he is not the only one who adheres to this point of view: British political advisor Dominic Cummings said on Monday that the upcoming talks could "collapse" due to "unforgivable" mistakes on the part of the government. Some Tories, especially those who signed the letter to...

Exports increased by 18.1% compared to the previous year, which is the biggest increase since November 2013. Experts forecast growth of 14.3%. At the same time, imports grew by 15.2%, while the growth forecast for imports was 11.6%. The surplus of Japan's trade balance amounted to 113.6 billion yen ($ 1.02 billion), raising the forecast for growth to $ 104.4 billion. According to the Ministry...

Much can happen in interstate relations in just a week. India and China came to a peace agreement after the armies of both countries stood against each other on the Doklam plateau for more than two months. The confrontation between India, Bhutan and China began on June 16, when Indian soldiers noticed construction activities on the disputed territory on the Doklam plateau. The Chinese workers...

Last week, French Prime Minister Edouard Philippe visited Germany, where he held talks with German Chancellor Angela Merkel about the future of the Eurozone after the UK's withdrawal from the EU. The talks between Philip and Merkel have strengthen the role of the French Republican premier against the backdrop of the fall of President Emmanuel Macron's ratings. The confident of France’s Head,...

The volume of assets in offshore accounts for 10% of world GDP, according to researchers from the National Bureau of Economic Research (NBER). This indicator varies considerably. For the Scandinavian countries, it’s just several percent of gross national product. On the other hand, citizens of countries of Persian Gulf and Latin America hide 60% of gross national product. The offshore assets...