Kuwait's Deputy Prime Minister Anas al-Saleh said that the second richest country in the Middle East is responding to the oil crisis not by cutting costs, but with a concept "spend as much as possible" to support economic growth. He noted that the government will not cancel any projects. At the same time, the authorities are trying to reduce unnecessary costs to cope with the budget deficit,...

On Wednesday, head of Facebook Mark Zuckerberg met with a dozen US politicians who hold conservative views. The reason for the meeting was the recent allegations towards the social network. Facebook was accused in censoring messages from conservative-leaning media. In response, Mr. Zuckerberg said that it his company finds such actions pointless, and called to build a trusting relationship. The...

Chinese ICBC Standard Bank obtained one of Europe's largest warehouses for precious metals from the British financial conglomerate Barclays. The safe is located in London. It is capable to keep 2 ths. tons of gold or another precious metal, which is equivalent to the sum of more than $ 80 billion. ICBC Standard will be the first Chinese bank with its own storage and related businesses in the UK....

Europol and Interpol issued a joint report on a study of migration flows within the EU. The document is the organizations’ official call to fight against criminal organizations involved in smuggling of migrants and their coordination within the European Union. According to the document, 90% of migrants make their way to Europe with the assistance of organized criminal groups. "I am pleased to...

This week, new-class torpedo-boat destroyer Zumwalt will be transferred to the US Navy. This is the latest generation of the multi-purpose vehicle, designing of which took 15 years. Total price numbers $ 4.4 billion. The destroyer boasts with stealth technology, high level of automation, Tomahawk cruise missiles, long-range artillery systems, able to hit a remote target at a distance of more than...

According to SWIFT banking system of information exchange, hackers made a second cyber attack on a bank, similar to that of the Central Bank of Bangladesh’s burglary in February this year. Name of the bank was not revealed. Agitated by the increased cases of cyber-attacks on banks, the European Central Bank want to create a system for data collection and early warning of such attacks. On...

According to Pew Research Center, share of the middle class has been reduced in the vast majority of US cities. Experts claim that the stratification is growing as proportion of highly prosperous and low-income citizens is growing in most cities and agglomerations. Yesterday, Pew Research Center has published a study on the income distribution among the US population in large cities and...

On Thursday, the French Socialist government will have to face a vote of no confidence in parliament. The reason was the executive branch’s use of special constitutional provisions. The latter allowed the politicians to promote controversial amendments to the labor law by bypassing parliament. Under the new changes, employers in France will be able to increase number of working hours, adjust...

In an open letter published in The Times, 13 former secretaries of state and US defense ministers called on Britons to support preservation of the country's membership in the EU. According to them, ‘Brexit’ would reduce the "country's influence and weaken Europe." "Keep in mind that even very close relationship between our two countries will not be able to compensate loss of power and loss of...