Real estate has long been a real and valuable asset all over the world. According to a study by Savills, the total cost of all commercial and residential real estate in the world amounts to $ 200 trillion. At the same time, all residential buildings on the planet cost $ 168.5 trillion, or 84% of the total cost. More than 70% of this amount fall on these 10 countries: China China occupies the...

European Commissioner for Competition Margrethe Vestager said that the European Union (EU) is preparing a legislative project that will protect European technology companies from hostile takeovers by foreign companies or states. Thus, the EU reacted to earlier calls from Germany, Italy and France. The leading countries are concerned about the growing interest of Chinese state companies. At...

The Korean Peninsula is currently the most dangerous point in the modern world. North Korea may already be able to launch an intercontinental ballistic missile that could hit major US cities. It is unlikely that Pyongyang will abandon its nuclear weapons, despite tough sanctions from the United States and the UN. Against this background, South Korea should prepare for the process of unification...

Mexico will leave the negotiating table if US President Donald Trump continues to threaten to begin the process of withdrawing from the North American Free Trade Agreement (NAFTA), Mexican Foreign Minister Luis Videgaray said, Reuters reports. On Monday, Trump said that he might have to withdraw from the agreement in order to obtain what he considers to be a fair trade agreement with economic...

Industrial automation can turn China into a hi-tech center of innovation, and it is in full swing now - faster than in any other country, reports Bloomberg Intelligence. According to the International Federation of Robotics (IFR), last year the production of robots increased by 27% to 90,000 units in China. This is an absolute record in the world and almost a third of the world's total. According...

The US Federal Reserve Chairman Janet Yellen’s speech at an annual symposium in Jackson Hole casts doubt on her future in the Fed. Economists believe that now Yellen will not get a new opportunity as a head of the US central bank. Her monetary policy is in sharp contrast with the US President Donald Trump’s point of view. As Greg Robb writes in his column on Market Watch that Janet Yellen "sang...

The economy of Turkey is largely fueled by dizzying growth of lending, but sooner or later it can lead to negative consequences. For example, there is no need search very far – just look at Greece, neighbor of Turkey. According to the Bank for International Settlements (BIS), for 15 years to 2016, the credit boom in Turkey was so turbulent that it surpassed in size other emerging economies,...

Venezuelan Oil Minister Nelson Martinez and President of the state oil company Eulogio del Pino will switch roles, while production in the South American country is falling, and money resources are declining, reports Bloomberg. Del Pino will soon fly abroad to strengthen alliances before the summit of heads of state. The summit’s goal will be agreements on the oil and gas prices, said Venezuelan...

Emmanuel Macron’s popularity in public opinion polls is falling and he is struggling to implement its labor market control policy. Yet, he still hopes for a number of successful negotiations in Europe to prove that his position is consistent and practical. Macron put fulfillment of his main election promise at stake. Namely, he believes that belonging to the European bloc is not just budgetary...