Iceland is going to lift restrictions on movement of capital that were introduced in the crisis year of 2008. Nine years ago, the country's authorities took this step to preserve the country's economy. Iceland cancels control over the movement of capital, which has operated since the financial crisis, CNBC reports. This measure was introduced in 2008, after the country's three largest banks -...

Bill of the Republican Party, proposed as an alternative to a medical insurance system adopted by Barack Obama, will reduce the US budget deficit by $ 337 billion, but leave 62 million people without medical insurance. Office of the Budget for the US Congress noted in a report, "expenditures will be cut by $ 1.2 trillion ... until 2026, and revenues will be reduced by $ 0.9 trillion." According...

A scandal in relations between the Netherlands and Turkey broke out on the eve of parliamentary elections on March 15. Not only may this event decide fate of political confrontation in one of countries-founders of the EU, but can also aggravate a situation in other European countries that have numerous Turkish diasporas. Having banned a rally in support of a referendum on the new Turkish...

Having disclosed her plans to redesign the French currency in case of victory in the forthcoming French presidential elections, leader of National Front movement Marine Le Pen said that she intends to introduce a new euro equivalent, allowing the fluctuation of the new currency. Previously, she stated that any new national currency would still be tied to a basket of currencies. She noted that the...

The Fukushima nuclear power plant accident in 2011 forced Japan, previously reliant on nuclear power, to switch to other sources of electricity. The country placed its stake on wind power plants. By 2030, their total capacity will tenfold exceed the current level of 3.4 GW. There is a month until the current financial year ends, and the new capacity of wind power plants installed by Japan in...

Britain has just entered the path of independence from the European Union, but already faced a working place crisis. More than 100,000 EU citizens left the country during the first three months after the referendum. Most of those people initially came from Poland. One of the reasons why the United Kingdom decided to withdraw from the European Union was a desire to independently control the...

Heads of four European Union countries - France, Germany, Spain and Italy – are meeting at Versailles today. During the working dinner, the leaders will discuss key EU issues, including future of continental Europe after separation of the UK, election of Donald Trump, the migration crisis and sanctions policy against Russia. Many reckon that the mini-summit is a signal that the leading European...

It is hardly possible to call Bill Gates an opponent of mechanization and automation, However, in a recent interview with Quartz Microsoft’s founder questioned the society’s ability to manage the rapidly developing automation. Gates believes that governments can prevent a social crisis by imposing a tax on the robots. If automation slows down after that, everyone will benefit from it. The...

The strong Swiss franc comes at a high cost to the Swiss economy, which still hasn’t rehabilitated itself. The economy is at a standstill, and hike of the franc’s price in 2015 saved the country from a recession, yet didn’t fueled growth. Analysts looked at two years-old events and came to a conclusion that sharp appreciation of the franc in 2015 did not lead to a recession. However, the economy...