World & Politics
The World is Getting Ready to Host 6 Million Chinese Tourists - 02/05/2016
A vacation dedicated to the New Year on the local calendar is starting in China next week. This year, number of Chinese tourists going abroad will reach a record - 6 million people. The slowdown of the Chinese economy has not backfired on the activity of Chinese tourists. According to China's largest tourism site Ctrip, the number of Chinese citizens making foreign voyage will increase to record...
Trans-Pacific Partnership Agreement is Signed and Stamped - 02/04/2016
12 countries participated in the negotiations on the establishment of Trans-Pacific Partnership (TTP) today formally signed an agreement to establish the new trade bloc. However, term of its entry into force is not yet clear – the politicians gave formally to the ratification two years, but some differences at the country level has not yet been removed. Today, the agreement on the establishment...
Germany Wants To Set Up a Limit for Cash Payments - 02/03/2016
The German Ministry of Finance is going to introduce limit of 5,000 euros when paying in cash. This move is justified by combating the financing of terrorism. Financiers’ plans have already been criticized in the trade and by human rights defenders. The German federal government intends to introduce restrictions on financial calculations in cash. Finance Ministry proposes to set the upper limit...
Iranian Banks Are Linking Up to SWIFT - 02/01/2016
Today is the big day for Iranian banks: nine credit institutions have been returned to the world stage. Head of the country’s central bank Waliullah Saif said that on Monday, they will be connected to the system of international payments SWIFT once again. "Nine Iranian banks will be re-connected to the SWIFT system early in the morning on Monday," - said the regulator’s head. We are talking about...
Japan's Minister of Economy Resigns After Corruption Charges - 01/28/2016
Akira Amari, Japanese minister of economic recovery in Japan and its chief negotiator on the Trans-Pacific Partnership (TTP), the large-scale project of a free trade area in the Asia-Pacific region, resigned after accusations of bribery. Pleaded guilty, the minister said that "any threat to a strong economy must be removed," and "he is not an exception." Appointed Minister of economic recovery in...
Taxi Rallies in Paris Are Dragging On - 01/27/2016
Yesterday in France, several trade unions took to the roads to protest and called for strikes. Rally of air traffic controllers was followed by halt for 20% of flights, taxi drivers blocked airports and railway stations. "Black Tuesday" was displaced by "Black Wednesday". French teachers and students, representatives of the social protection, aircraft dispatchers and taxi drivers went on rallies...
Last Resort, Not a First Choice: Hillary Clinton Condemns Sending Ground Troops to Syria and Iraq - 01/26/2016
At a meeting with residents of Iowa, Former US Secretary of State Hillary Clinton, who claims to be the presidential nomination of the Democratic Party, made a statement against sending American ground troops to Syria and Iraq. Mrs. Clinton said "the most important and indispensable task for the president of the United States is the desire to avoid military action," and promised to follow this...
War Deprived Libya of $ 68 Billion in Oil Revenues - 01/25/2016
Libya has lost more than $ 68 billion of potential profits in 2013 due to the power struggle between rival factions, which resulted in the country's energy industry virtually collapsed and the economy destroyed. According to the National Oil Corporation (NOC), this amount includes cessation of production at 75 separate deposits and the unstable situation leading to the disruption of supplies in...
A Record Number of Counterfeit Euro Found in the Euro Area in 2015 - 01/22/2016
The Eurozone has never experienced such an influx of counterfeit banknotes as in 2015. In total, the number reached 899,000, said on Friday, January 22, agency dpa, citing data from the European Central Bank. Almost 11 percent of this number was found by the police, trading companies and banks in Germany - which is also the highest rate since 2002, experts of the German Federal Bank (Deutsche...
Number of Anti-Muslim Attacks in France Reached a Record High - 01/20/2016
Minister of Internal Affairs of France Bernard Cazeneuve said that number of anti-Muslim attacks in the country increased sharply and amounted to approximately 400. Majority of attacks on religious grounds continue to be committed against Jews and Christians. The number of anti-Muslim attacks in France significantly increased at the end of 2015, and was "about 400," said Interior Minister Bernard...