World & Politics
What do France's neighbors think of the French elections - 04/20/2017
European view: There is less than a week left before the first round of the presidential elections in France, the outcome of which can completely change lives of not only the French, but the whole of Europe. Two of the four main presidential candidates leave open a possibility that France would leave the EU, NATO and the euro area. Internet publication Mediapart asked European experts what their...
Trump signs "Buy American, Hire American" - 04/19/2017
President of the United States Donald Trump signed a decree, which is known as "Buy American, Hire American," Reuters reports. It is designed to stimulate domestic production, and stipulates revision of rules of issuance of H-1B working visas. In particular, the authorities intend to emphasize priority of the most qualified employees that apply for the H-1B visa. At the moment, this visa is...
Why is Europe worried about Erdogan’s victory in Turkey? - 04/18/2017
Turkey has counted votes at the constitutional referendum. Supporters of President Recep Tayyip Erdogan won with a minimal advantage (51% versus 48%). Turkey is turning into a presidential state, while the world, especially Europe, is calling political changes the country undemocratic. Is it really so? First of all, it is necessary to admit that the process itself is carried out with observance...
USA aims Tomahawk at Pyongyang - 04/14/2017
US President Donald Trump's administration is considering a possibility of a pre-emptive strike against North Korea, which is presumably preparing for a new nuclear test. NBC reported this referring to their sources in the intelligence channel. Pyongyang, meanwhile, is accusing the US of causing tension: the new tests will be held "in the place and at the time, when and where the country’s...
Brazilian Pandora Box opened: More than 80 politicians being investigated - 04/12/2017
The judge of the Federal Supreme Court of Brazil, Edson Fachin, authorized initiation of an anti-corruption investigation against 83 key politicians of the country, including nine government ministers formed by Michel Temer, President of the South American republic. The relevant list was published in the highest judicial body’s official website. Among the suspects are Foreign Minister Aloysio...
Trump to reverse the offshore drilling ban - 04/07/2017
The US President Donald Trump is preparing to issue an order that gives oil companies more opportunities to drill the country’s shelf. Thus, Donald Trump is preparing to abolish the decrees of former US President Barack Obama, who has actually prohibited drilling on the US shelf. Recall that in December 2016, before leaving the post of US President, Barack Obama blocked issuance of new licenses...
British watchdogs creating a register to fight property money laundering - 04/07/2017
The British government is going to create a special catalogue to register beneficial owners of foreign companies through which local real estate is bough. The authorities believe that such a register is necessary to combat money laundering and tax evasion. The UK Ministry of Business, Energy and Industrial Strategy (BEIS) announced plans to create a special register of beneficial owners of...
Global debt burden is now triple the global GDP - 04/06/2017
Volume of global debt burden (including corporate sector, households, public sector) for 2016 grew by $ 7.6 trillion - up to $ 215 trillion, or 325% of GDP. This is $ 70 trillion more than ten years ago, says Washington Institute of International Finance (IIF). The problem of refinancing debts isn’t so acute now (including risks associated with strengthening dollar). Nevertheless, IIF notes that...
Chinese business to take over America's position in Mexico - 04/05/2017
Chinese business has set sights on a possibility of building plants in Mexico. Chinese companies decided to consider this prospect after US President Donald Trump threatened to impose a high tax on cars exported from Mexico, Reuters reports. As a result, automotive companies Fiat and General Motor, aimed at the US market, announced their decision to stop developing production facilities in...
Le Pen: Banks will stay with France if we leave the EU - 04/04/2017
Investors will not take their money from France, if the country leaves the euro area, said Marin Le Pen, French presidential candidate from the ultra-right-wing National Front party. Le Pen previously promised to hold a referendum and return the French national currency, franc, if elected as Head of State. In an interview with the French media, Le Pen said that if elected on May 7, she would...
