World & Politics
Eurogroup says yes to Greece bailout payment - 06/16/2017
The finance ministers of the euro area agreed on Thursday to allocate another tranche of € 8.5 billion within € 86 billion aid package to Greece, agreed in mid-2015. This will allow Athens to avoid default in early July, when the country should repay some of its debts. Brussels also promised to ease the debt burden of the country, indicating a possibility of extending the maturity of loans. At...
German cities to ban diesel cars - 06/15/2017
Bavarian administration wants to ban diesel cars. Munich's mayor Dieter Reiter said that he considers such a decision rational. Meanwhile, representatives of the auto industry are sounding the alarm bells, fearing a sharp drop in prices. The management of the German automaker BMW is critical of such an initiative. According to representatives of the auto concern, there are more effective ways to...
196 congressmen are suing Donald Trump - 06/14/2017
A lawsuit on behalf of the 196 congressmen representing the Democratic Party will be filed against Donald Trump in Washington. The plaintiffs believe that President violated the law by not agreeing with Congress acceptance of funds from foreign countries through companies that he actually controls. Late yesterday, Senator Richard Blumenthal and Rep. John Conyers Jr., both representing the...
Chinese Internet goes red - 06/13/2017
The Chinese authorities are unhappy with activities of the Cyberspace Administration of China. In their opinion, the organization is acting too gently and is insufficiently ensuring political security in the country. Last week, the regulator closed 90 sites and accounts, the authors of which published gossip about the life of show business stars. Experts believe that such an attention to the...
Every fifth German company employs refugees - 06/09/2017
Number of German enterprises that provided work positions for asylum seekers has tripled over the year. The Ifo institute figured out which industries and what jobs are the most popular. Will it be possible to employ these people over time? This was one of the key that arouse during mass reception of refugees in the autumn of 2015. Part of the German society was very optimistic, but very...
Less than 50% of the world's inhabitants are satisfied with the global economy - 06/09/2017
On average, 46% of the world’s citizens assessed the situation in their country's economy as "good", the American research center Pew Research Center reports in its new report. In 17 developed countries, whose residents took part in the survey center, the share of those positively perceiving the state of the economy exceeds the number of pessimists and reaches 51%. The highest rate was recorded...
Is it possible to overcome the US healthcare crisis? - 06/08/2017
The US health system found itself in a deep crisis, which can be divided into three key sectors. First, the current format of the health system is too expensive for most Americans. The situation is the worst for the poor. Frankly speaking, it is good only for the rich who can afford any kind of treatment. Thus, tens of millions of Americans, too young for Medicare, cannot afford private health...
Asia takes up the battle for Arctic - 06/07/2017
Increasingly more countries are making their claims to the Arctic territories. Let’s take off the table countries directly related to the Arctic and border on the waters of the Arctic Ocean as they have their own fights. Apart from them, there are other interesting strategies - in particular, Chinese, Japanese and South Korean. China The People's Republic of China wants to take full advantage...
Qatar’s "geopolitical earthquake": A big game in the Middle East - 06/06/2017
Virtually no one could foresee that this would happen. Late on Sunday, countries of the Persian Gulf, led by Saudi Arabia, including Egypt, shook the world, saying that they broke off relations and closed the border with one of the richest countries of the Gulf, Qatar. Qatar is already a former member of the Council for Cooperation of the Gulf States, so this event could well be called a...
Brexit may unite the European monetary and economic union - 06/05/2017
Last week, the European Commission (EC) Deputy Chairman Valdis Dombrovskis and the European Commissioner for Economic and Financial Affairs Pierre Moscovici presented an analytical report in Brussels. The paper introduces a draft of a large-scale reform of the euro area until 2025. The brightest of the proposals is creation the euro area’s own budget, the Ministry of Finance and the European...