World & Politics
Brazilian MPs voted for the impeachment of President - 04/18/2016
Congressmen of Brazil supported the impeachment of President Dilma Rousseff, according to Globo Portal. 367 MPs voted for her impeachment, against - 137, abstained - 7. Of the 513 deputies of the lower chamber, only two were absent on the historic vote. Preliminary surveys conducted in the evening on April 16 in three national newspapers recorded a more modest overweight opposition - only five or...
Water is the new gold - 04/14/2016
One of the northern regions of India is hit by a crisis associated with a lack of water and water resources. Residents of the region are complaining that they have no opportunity to take a bath for few days. Hot climate aggravates the problem, not only in terms of hygiene, but also in terms of public health. Of course, India is not alone in the issue of water scarcity. However, the situation is...
Al-Jazeera leaves the US now and for all time - 04/14/2016
Qatari media concern "Al Jazeera" stopped broadcasting "Al Jazeera America" TV channel in the United States. It was supposed that the TV channel "Al Jazeera America", started in August 2013, will be able to compete in terms of the supply of information with the US leading news agencies and TV channels, in particular, CNN, Fox News Channel, MSNBC, and RT America. However, after 32 months from...
Indonesia is planning a large-scale tax amnesty - 04/13/2016
What an ideal tax amnesty should look like? Some are opposed to it in principle, as it is, in their view, rewards those who broke the law. Others believe that maximum revenues should be the main goal. The Organization for Economic Cooperation and Development (OECD), taking into account both positions, offered an amnesty, which would become less expensive for the tax evaders, than if they had been...
Italian strongest banks to bail out lame-ducks - 04/12/2016
The strongest Italian banks, insurers and asset managing companies agreed with the authorities to establish a fund with volume of € 5 billion. These funds will be used to assist the poor credit institutions. The decision was made amid growing investors’ anxiety about stability of the banking sector belonging to the eurozone's third largest economy. In particular, concerns are triggered by a...
The tidal wave of 'Panamagate' - 04/11/2016
‘Panamagate’ has caused a new tidal wave against offshore companies. EU has already promised to introduce sanctions against jurisdictions that refuse to share information. US impeded withdrawal of corporate headquarters from the country through offshore jurisdictions schemes: US President Barack Obama has said that this measure will be beneficial for "everyone, not just people who find themselves...
Fridays Are Now Weekends in Venezuela - 04/07/2016
Venezuelan authorities declared Friday public holidays for the next two months. The decision was taken within a plan to reduce energy consumption, which also stipulates that hotels and shopping malls use their own power generators. Such problems in Venezuela are linked with severe drought - a big part of the electricity is produced by HPP.ns ordered to to relax on Fridays. Venezuelan President...
Number of Executions in the World Reached a Record Level in a Quarter Century - 04/06/2016
According to human rights organization Amnesty International, at least 1634 people were executed in the world during 2015. This is 54% more than the year before, and is the highest figure for the last 25 years. Leaders by the number of executions were Iran, Pakistan and Saudi Arabia. China, which Amnesty International’s report calls the "chief executioner", is not included in there because of a...
Iranian Tankers Are Non Grata at Saudi Seaports - 04/05/2016
According to The Financial Times, Saudi Arabia aims to inhibit the growth of Iranian oil exports, limiting the access of Iranian oil tankers in the Saudi Arabian ports. Iran has quite actively increasing oil production and exports after the abolition of sanctions. Earlier, Saudi Arabia announced that it will not freeze its own oil production unless Iran agree on the same condition. According to...
“Cash-free banks” in a cashless society are no joke - 04/05/2016
In Stockholm, you can pay a street hawker with a credit card; in Copenhagen you can buy a single shot espresso with a smartphone; in Helsinki, you can go grocery shopping without a wallet… Yet while this futuristic utopia and cashless society may benefit financial institutions and big businesses, customers won’t be included in that.
