World & Politics
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...
Italy Is Ready to Invest 8 Billion Euros in Iran - 01/19/2016
Italy is ready to invest 8 billion euros in Iran. Within two years, the Italian government is going to increase exports to the Islamic Republic fourfold. In 2015, the volume of Italian exports to Iran amounted to 1 billion euros. The goal for 2017 - 4 billion euros. State company SACE that specializes in lending to export transactions will get on financing. Italy had had strong trade links with...
Austria Suspends the Schengen Agreements - 01/18/2016
Austrian Chancellor Werner Faymann announced that the country's authorities are going to temporarily cancel the Schengen agreement and begin to more carefully check all migrants who want to cross the Austrian border. The head of the Austrian government warned about changing policy towards migrant workers and announced the suspension of the agreement on free movement within the Schengen area....
Resurrection of the Dragon: Why It's Too Early to Bury the Chinese Economy - 01/13/2016
China's stock market collapsed in the new year is dragging down financial markets across the globe, falling prices for oil and other raw materials. Chinese epidemic Chain reaction in global stock markets and panic among the financiers were provoked by Shanghai Composite’s 7-percent drop, suspension of trading on the Shanghai Stock Exchange on the first trading day of 2016, and ensuing regular...
