Pension funds of agricultural workers and Rabobank will invest EUR 60 million in an investment fund established by the Government of Amsterdam and the social housing corporation, writes Financial Times (FT). The pension funds will have 35% share in 1012 Inc investment fund, named after an index of the central area of Amsterdam. The enterprise’s goal is to reconstruct the famous Red Light District...

McDonald's fast food restaurant chain put away Big Mac from the menu in Venezuela due to lack of raw materials for the burger’s production, according to Globovision. According to the channel, single McDonald's supplier ran out of finished pieces of bread, which are essential for the burger. Previously, McDonald's already faced a shortage of raw materials in Venezuela. Instead of French fries,...

Victory of Donald Trump threatens the most important export markets of Germany, and may result in a trade war with China, according to Deutsche Welle. Most opinion polls say is that the chair of US president will be taken by Hillary Clinton, not Donald Trump. However, sociologists predicted victory of EU supporters before the referendum, too, and we all know the results. The decision to Brexit...

The French authorities have demanded from Microsoft to cease online monitoring actions of Windows 10’s users if they haven’t logged in. The National Commission for Data Protection and Freedoms of France said that the American corporation also violates rules of storage European user data on the US servers. The company has three months to remove all shortcomings; otherwise, the IT giant will get...

Each new generation of British is poorer than previous, and Brexit is only exacerbating this trend. Institute for Fiscal Studies argues that the millennium generation in the UK is poor, and continues to peter out, while older generations are getting richer year by year. The experts think that this trend promises an extremely bleak future. The UK referendum has created economic uncertainty, and...

Turkish Interior Ministry claimed they suspended from work almost 8 thousand civil servants after the failed coup attempt, undertaken by the military at the weekend. Above other servants, the sanctions affected 30 provincial governors and 47 heads of district administrations. Turkey suspended from work 30 provincial governors, reports Hürriyet Daily News. They were subjected to sanctions imposed...

Mass media of France, the United States and other countries are discussing the attack, which took place in Nice during the celebration of Bastille Day. The journalists are confident that the event will leave a deep scar on France and on the affected city, in particular. People are thinking back over assumption of French intelligence agency’s Head, who previously said that ISIL changed their...

Internet resource Tech Insider drew up a rating of the world’s most innovative cities based on a research conducted by 2thinknow. Nine analysts considered important factors in technological development, including number of patents and investors in the city’s development of technologies. They investigated 85 cities of the world in total. 10. Amsterdam, Netherlands Amsterdam combines financial...

Theresa May, recently took the post of British prime minister, has held a number of appointments in the new cabinet. Supporters of Euroscepticism, made every effort to get the UK out from the European Union structure, took leading positions in the government’s new line-up. George Osborne, previously held the post of Chancellor of the Exchequer (finance ministry), was replaced by 60-year-old...