World & Politics
The Czech Republic will be the first in the EU to raise rates - 08/01/2017
This week, the Central Bank of the Czech Republic may launch a program of tightening monetary policy after 3 years of stimulation. 12 out of 22 economists surveyed by Bloomberg expect this event to be announced at a meeting on August 3. Now the figure is at a record low level of 0.05%. Experts predict that the rate will increase immediately to 0.25%. At the same time, monetary regulators in the...
What you need to know about abolished roaming charges in EU - 07/28/2017
Citizens of the EU countries can now use mobile communications without roaming for more than a month. The payment was canceled on June 15, just at the beginning of the holiday season. Now, a traveler across Europe can buy just one SIM card that can be used all over the EU and even in a number of other countries. The price of calls, sms-messages and mobile Internet will equal to the same price in...
Swedish ministers face resignation due to a large-scale leakage of confidential data - 07/27/2017
The Swedish government found itself in the center of a scandal involving one of the largest data leaks in the country in the last decade. In 2015, the Swedish transport agency handed over databases with confidential information, including information on drivers' rights to the Swedes, military vehicles and even emergency plans, to foreign IT professionals. Scandal can deprive three ministers of...
Bank of Japan: Japanese companies are too cautious to increase prices - 07/26/2017
Bank of Japan’s Deputy Chairman Hiroshi Nakaso said that the services sector has simplified operations to avoid the transfer of labor costs to consumers. However, there are indications that companies will raise prices in the future, Reuters reports. Nakaso, in a speech to business leaders in Hiroshima, western Japan, also expressed confidence that inflation would reach the Bank of Japan target of...
Top-19 countries with the most productive economies - 07/26/2017
Productivity is one of the key factors of economic success. The more productive the population of the country, the more income it can bring to employers and, consequently, the state’s economy as a whole. A new study of Expert Market shows which countries are the most productive workers in the world. The company’s analysts analyzed the 35 largest economies. They compared GDP per capita and divided...
Turkey calls more than 500 German companies "terrorists supporters" - 07/24/2017
The Turkish government has included some German companies on a list of suspected terrorists. According to German business publication Handelsblatt, there are 681 companies from Germany. Handelsblatt’s journalists referred to sources in government circles in Germany. Previously, it was believed that only 68 persons and companies from Germany were on the list of suspects. Moreover, the Turkish...
The IMF agrees to allocate € 1.6 billion to Greece - 07/24/2017
The Board of Governors of the IMF agreed to allocate € 1.6 billion to Greece for the first time in three years. The funds will be unlocked only after parameters for reducing the country's debt load after the completion of the current assistance program are coordinated with Brussels. Participation of the IMF will allow the European creditors to continue negotiations with Athens since the earlier...
Arab world weakens the blockade of Qatar - 07/21/2017
Qatar's Permanent Representative to the United Nations, Alya Al Thani, said on Thursday in an interview with The New York Times and the Wall Street Journal that the "anti-Qatar coalition" led by Saudi Arabia withdrew 13 demands presented to the emirate a month ago. Instead, the countries put forward a new list of conditions for the resumption of relations with Qatar. Now, the list contains only...
Japanese companies want to raise the retirement age - 07/21/2017
More than half of Japanese companies are planning to raise the retirement age for their employees. In their view, this step will reduce the labor shortage in the country and will allow use working experience of veterans, according to a Reuters poll. Most Japanese companies require full-time workers either to retire at 60, or to work another five years with lower wages and worse working...
The White House sets new goals for NAFTA negotiations - 07/20/2017
Lower trade deficit in the US balance will be the White House's priority in negotiations to change the terms of the North American Free Trade Agreement with Canada and Mexico (NAFTA). America hopes to reach the goal by improving the access of American goods to the markets of Canada and Mexico. Washington also intends to limit the possibility for partners to manipulate currency rates. However,...