World & Politics
The Netherlands launched a major banking investigation - 03/31/2017
Local authorities contacted offices of financial holding company Credit Suisse in London, Paris and Amsterdam to resolve issue of taxing their clients. This happened after the Dutch prosecutors seized a number of assets and detained two people in an investigation into the tax evasion case, Reuters reports. The Dutch Fiscal Information and Investigation Service (FIOD) reported that coordinated...
Donald Trump discards Obama's Clean Power Plan - 03/29/2017
Yesterday late in the evening, Donald Trump signed a decree to abolish Barack Obama’s policy in the field of combating climate change. Among other things, this means a significant softening of environmental requirements for industrial corporations. Consequently, shares of coal corporations have soared in price by 15%. Abolition of measures to combat climate change was one of Donald Trump's main...
Greece nearing yet another financial crisis - 03/28/2017
The Greek government and its citizens found themselves in dire straits. Greeks are massively withdrawing money from bank accounts, or are transferring savings to foreign banks. The government is trying to negotiate with foreign creditors about a new tranche. In return, they require new reforms and austerity measures. If the situation is not resolved in the near future, a new round of financial...
States of Germany are ready to decide Merkel's fate - 03/24/2017
German Chancellor Angela Merkel is about to face another test on her way to the September parliamentary elections. On Sunday, the federal state of Saarland will hold election of the local parliament (the Landtag). For the first time since 1994 the election can result in defeat of the Christian Democratic Union (CDU) of Angela Merkel. The union’s main rivals, Social Democrats, are on the rise...
Westminster attack: What the world says - 03/23/2017
On March 22, a man in a car drove into a crowd on the Westminster Bridge in London, and then stabbed several policemen on the British Parliament’s territory of. The attacker was shot dead, three more people were killed, more than 40 people - injured. The British police regard the incident as a terrorist attack. The Times (London, UK) Although little is known about organizers of the Westminster...
Why did the US introduce the laptop ban? - 03/22/2017
On Tuesday, the US Department of Homeland Security announced banning electronic devices on board of certain flights coming from 10 airports in the Middle East and Africa. Many airlines were dumbfounded by such news. The order is entering into force in four days, but so far it is not clear how many air carriers will be able to work out logistics in order to execute this instruction. In addition,...
Tillerson finishes Asian trip, leaves many questions unanswered - 03/21/2017
US Secretary of State Rex Tillerson finished his first trip to Asia by visiting Japan, South Korea and China. The journey took place against the backdrop of impeachment to the President of South Korea, a new missile launched by the DPRK and growing tensions between Asian allies of the United States and China. The main result was that the White House confirmed its readiness to abandon the old...
McKinsey: Welcome to the new era of energy efficiency - 03/20/2017
The world economy may halve intensity of energy consumption by the middle of the century. Already in the next 20 years, lower consumption of natural resources, primarily energy, may save $ 900 billion to $ 1.6 trillion a year. This is possible due to development of technology and abandonment of energy-intensive "economic miracles" in developing countries. The digital revolution, unmanned...
Independent Scotland may toss British pound away - 03/17/2017
Independent Scotland can abandon a monetary union with the rest of the United Kingdom, said former First Minister of Scotland Alex Salmond. Right-winged first Secretary of Scotland, Nicola Sturgeon, this week called on the British authorities to hold a second referendum on independence at the end of 2018 or early in 2019. However, Prime Minister Theresa May said that now is not the time for such...
Seven most optimistic countries - 03/16/2017
Brunswick, an international consulting company, published results of an international study compiled on the basis of a survey of over 40,000 people from 26 countries. This study takes into account a gap between generations, geographical differences, and concludes how optimistic is population of a country about the future. As a result, the survey showed that population of developing countries (40%...