World & Politics
Industrial automation in China will rebalance global power - 08/28/2017
Industrial automation can turn China into a hi-tech center of innovation, and it is in full swing now - faster than in any other country, reports Bloomberg Intelligence. According to the International Federation of Robotics (IFR), last year the production of robots increased by 27% to 90,000 units in China. This is an absolute record in the world and almost a third of the world's total. According...
Yellen's future in the Fed is now up in the air - 08/28/2017
The US Federal Reserve Chairman Janet Yellen’s speech at an annual symposium in Jackson Hole casts doubt on her future in the Fed. Economists believe that now Yellen will not get a new opportunity as a head of the US central bank. Her monetary policy is in sharp contrast with the US President Donald Trump’s point of view. As Greg Robb writes in his column on Market Watch that Janet Yellen "sang...
Why Turkish economy is so similar to Greece - 08/25/2017
The economy of Turkey is largely fueled by dizzying growth of lending, but sooner or later it can lead to negative consequences. For example, there is no need search very far – just look at Greece, neighbor of Turkey. According to the Bank for International Settlements (BIS), for 15 years to 2016, the credit boom in Turkey was so turbulent that it surpassed in size other emerging economies,...
Maduro carries a reshuffle in Venezuelan oil industry - 08/25/2017
Venezuelan Oil Minister Nelson Martinez and President of the state oil company Eulogio del Pino will switch roles, while production in the South American country is falling, and money resources are declining, reports Bloomberg. Del Pino will soon fly abroad to strengthen alliances before the summit of heads of state. The summit’s goal will be agreements on the oil and gas prices, said Venezuelan...
Macron steps up negotiations with Europe - 08/23/2017
Emmanuel Macron’s popularity in public opinion polls is falling and he is struggling to implement its labor market control policy. Yet, he still hopes for a number of successful negotiations in Europe to prove that his position is consistent and practical. Macron put fulfillment of his main election promise at stake. Namely, he believes that belonging to the European bloc is not just budgetary...
Dieselgate united German CDU and Greens - 08/22/2017
German Finance Minister Wolfgang Schaeuble and other key advisers to Angela Merkel have already made it clear that they are open to an alliance with the Greens, in case the Christian Democrats do not get an absolute majority in the Bundestag elections. The Greens and Christian Democrats are already allies in some national issues. This includes, among other things, a pro-European stance and a...
UK urges EU to keep free access for goods and services - 08/22/2017
Against the backdrop of protracted negotiations on conditions of Brexit, the British authorities are calling to eliminate trade barriers for goods, permits for which were received before the official Brexit announcement date. London also counts on maintaining access to markets and service providers, given they are part of a supply contract. Brussels takes a similar position, but before discussing...
What will happen if China deregulates yuan - 08/21/2017
By some miracle, China managed to calm the storm, which threatened to send its currency to the bottom. This year, the yuan rose by 4%, and the country's currency reserves increased by $ 70 billion. Local media even suggested weakening control over the movement of capital and the exchange rate. Yet, to do so is like stopping taking medicine at the first sign of improvement. Alas, the complete...
Spanish authorities: the Barcelona terror attack is not an isolated act - 08/18/2017
Law enforcement authorities of Spanish Catalonia came to a conclusion that the terrorist attack in Barcelona is associated with a similar attack in the coastal Catalan city of Cambrils, which occurred on the night of Friday. Moreover, presumably at least one large-scale attack did not take place only by a fluke. According to the investigation’s version, terrorists tried to make a homemade bomb in...
IMF: Debt boom in China can lead to new financial crisis - 08/17/2017
China's economic growth is too dependent on credit now, and because of this, the country may suffer from a new financial crisis, the International Monetary Fund fears. The Fund improved the forecast for the growth rates of the second world economy. According to the IMF, China's GDP will grow by 6.7% this year, and will accelerate to 6.4% in the next. The forecast’s previous version assumed an...
