World & Politics
London Won 'The Financial Capital' Status Back - 09/23/2015
London regained the status of the world's largest financial center, which he lost to New York in early 2014, according to a review of financial consulting firm Z/Yen Group, which calculates the half-yearly Global Financial Centres Index (GFCI). In the spring of 2015, the difference between the cities has shrunk to 1 point in favor of the New York. Now, London is ahead of the US rival once again,...
Why Does India Urgently Need Drones from Israel? - 09/22/2015
India is adding the Israeli drones in its army, while Pakistan and China are building up their military power. The drones are meant to help India open a "new front" on the border with Pakistan in Kashmir. However, Pakistan has also begun to use drones in the line of confrontation, according to Reuters. India has accelerated the implementation of the plans on purchasing Israeli drones that...
Italian Banks Are in Danger to Be Left Without Easy Money - 09/21/2015
Italian banks can no longer rely on the main source of cheap funding - money of their own customers. In recent years, local investors, who hold bank bonds worth about 200 billion euros, greatly reduced their purchases of the securities. This is partly explained by a change in the rules, according to which the risk of debt relief on such debt instruments sharply increases in the event of a bank's...
The Most Expensive Cities to Live In - 09/18/2015
Swiss cities Zurich and Geneva have been named the most expensive in the world to live in. They are ahead of even New York and London, according to a study of UBS AG bank. A family of three people need to earn $ 3,600 per month in Zurich to provide a minimum set of goods and services, consisting of 122 positions - and note, that rent is not even included. In Geneva, a decent living is ensured...
EU Can Lose 3.5 Million Jobs Because of China - 09/18/2015
The European Union may lose up to 3.5 million jobs if it lift trade protection measures against China, what Beijing expects by the end of 2016, according to a recent study of 25 European industrial organizations. The report, submitted to senior EU officials and lawmakers this week, forecasts that EU imports of manufactured goods will grow by 25-50% over the next three years. - This is another...
Donald Trump, A Terrible Headache for Republicans - 09/17/2015
United States is a country built by immigrants, and today more than 45 million people born outside the country live there. Newcomers provide about a third of the population growth (statistically, a new immigrant arrives in the United States every 32 seconds), are considered an important stimulant of economic activity and the source of low-wage labor and highly skilled professionals. GDP produced...
China Is Going to Have a Dig at Its Economy: New Foreign Investors Policy and More than 1 Trillion Yuan as an Incentive - 09/15/2015
The Chinese authorities have approved a recommendation for a list of industries and individual companies to be closed for foreign investors, the agency "Xinhua" reports, citing its own sources. On Tuesday, Central Leading Group on Comprehensively Deepening Reforms led by President Xi Jinping agreed on the need for list of exceptions to regulate access for foreigners to the Chinese market....
Migrants Crisis Intensifies: Germany Imposed Immigration Examination - 09/14/2015
The situation in Germany justifies the introduction of a temporary passport control on the border of the country, what does not contradict the rules of Schengen, says the European Commission. - Studying of the situation in Germany shows that the measure is justified. The introduction of interim control in some circumstances does not contradict the rules of Schengen. The Commission looks forward...
The British Parliament Refused to Legalize Euthanasia - 09/11/2015
The document suggested that incurable people, whose diagnosis are inconclusive and whose supposed lifetime is not more than six months, could, if desired, go under the supervision of doctors to take a lethal dose of special medicines. The British Parliament refused to legalize euthanasia, voting against the bill on Friday, which provides for the right of voluntary withdrawal from life for...
Pope Francis is going to the United States to Criticize Capitalism - 09/11/2015
While the US candidates for presidency have been repeatedly expressing contempt against elites and raising concerns about the future of the country, Pope Francis got around visiting the country in order to speak about indictment of inequality. This speech, which will be delivered by the leader of the Roman Catholic Church during the 6-day tour beginning on September 22, will no doubt be widely...
