The largest companies in Germany will have to explain to Angela Merkel why they have recruited just 100 thousand refugees, while about 1 million of them arrived into the country in the past year, reports Reuters. It is known that the German chancellor is now struggling to continue her open door policy for refugees from the Middle East and Africa. To solve the problem of refugees and their...

Severe crisis, which is now tormenting the Venezuelan economy and its leadership, is also agitating China, one of the main political and economic partners of the country. Earlier, anti-Americanism attitude and high oil prices helped China get along with Venezuela during presidency of Hugo Chavez. Now, however, the Eastern country came to think about safety of its citizens and feasibility of...

News about the state of health of presidential candidate Hillary Clinton stirred up the news space once again. Her doctor diagnosed pneumonia. On Sunday at a funeral ceremony in memory of the victims of September 11, Hillary Clinton fainted, was helped to get into a car, and then went home. There is a video, which shows the presidential candidate fainting, and, apparently, Hillary Clinton...

Tax Minister of Denmark Karsten Lauritzen said that his country will buy a part of Panama Papers containing information on those Danes, who used the offshore to hide their profits from taxation. According to Danish media, the country will pay 1 million to 9 million kroner ($ 150 thousand -. $ 1.4 million) to obtain information on 500-600 citizens of Denmark. According to Tax Minister of Denmark...

Almost 3% of UK workers have zero-hour employment contracts. This is an employment contract under which an employer does not guarantee daily employment, but pays only for hours that an employee actually worked, according to the UK Office for National Statistics. According to Reuters, number of people working in such conditions, has increased by 20% in comparison with the previous year. This is...

Minister of Internal Affairs of Austria Wolfgang Sobotka said his country would sue Hungary, if Budapest refuse to take back refugees allowed to leave the country, according to Reuters. He said that "countries and groups of countries that systematically violate the law must take the consequences of this." Hundreds of migrants have passed through southern Europe to Austria, Germany and Sweden in...

This year, developing countries could raise a record amount in the global debt markets, reports Financial Times (FT). This is facilitated by extremely low interest rates in developed countries. Since the beginning of 2016, governments of developing countries have already issued bonds for $ 90 billion. JPMorgan Chase estimated that they will attract more than $ 125 billion of external loans by end...

Today’s coffee market is estimated at around $ 19 billion. Every day, people in the world drink more than 2.25 billion cups of this beverage. However, it looks like coffee addicts will soon have to limit their appetites. Results of a recent study "A Brewing Storm" suggests that climate change would lead to a reduction in coffee production by 50% in the next decade. If the situation does not...

The IMF admitted that G20’s efforts to accelerate the global economy failed. The fund considered impossible a goal of increasing total GDP of the G20 by 2% by 2018. The target was set at a summit in 2014. Next meeting of G20 leaders will be held on September 4-5 in Hangzhou China. In preparation, the International Monetary Fund (IMF) acknowledged that attempts to increase the world's GDP turned...