First in the UK plastic money came into circulation in Scotland, reports BBC News. Local commercial bank Clydesdale, having the right to issue their own notes, started to print new plastic five pounds banknotes. It is planned to publish about two million of these notes. Issue of plastic money is dedicated to the 125th anniversary of the bridge over the Firth of Forth. William Arrol, an engineer...

The first Prime Minister of Singapore, creator of the so-called economic miracle of Singapore Lee Kuan Yew has died at the age of 91. According to Reuters, the death occurred on Monday, March 23 at 03:18 local time in a hospital in Singapore. February 5 former prime minister was taken with acute pneumonia in the central hospital in Singapore. March 19 it became known that Lee Kuan Yew is in...

Margaret Thatcher Foundation, which was created in 1989 to help countries that were in the sphere of influence of the Soviet Union, became a model for the program. British Prime Minister David Cameron has restored the program introduced by Margaret Thatcher to assist the countries of Eastern Europe to improve the quality of public administration and against Russian domination during the Cold War...

A report presented to the Human Rights Commission, holds the Islamic State of Iraq and the Levant as perpetrators of international humanitarian laws. Iraq, UN News Centre- 19 March 2015- According to a United Nation’s statement of human-right, it appears that ISIL or the Islamic State of Iraq and the Levant is charged against genocide, assaults on nationwide religious and ethnic sectors, and...

Italian journalist and former MEP Giulietto Chiesa thinks that all the BRICS countries will join Asian Infrastructure Investment Bank, and Washington will not cope with such a competitor easily. European’s accession to Chinese Asian Infrastructure Investment Bank (AIIB) is a challenge for the United States, said an Italian journalist and social activist, a former MEP, Giulietto Chiesa to Sputnik....

Pilots of the largest German airline Lufthansa extended the strike for one more day - until the end of Friday, March 20. Thus, they will not work for three days. As reported by the pilots of Germany civil aviation union Cockpit, Friday's strike will affect flights airlines short and medium range across the country. It is noted that the strike will not affect flights of Lufthansa subsidiaries,...

A new World Bank report has revealed that rapid growth in Indonesia will be strongly interlinked with investment growth in 2016. The March 2015 edition of the Indonesia Economic Quarterly noted that economic growth in the Asian country has moderated to 5.0 % in 2014. The country continues to be affected by lower global commodity prices caused by a slowdown in China. The report underlines the...

China-led Asian investment bank has been garnering slow and steady support from western nations. Right after Britain showed support to the bank, Germany, France and Italy have also come to the front with their approval. This combined support will be a blow to the US who is looking at any European engagement with China’s fast growing economy as a threat to the West-backed World Bank. Meanwhile,...

US national debt exceeded 18 trillion and reached statutory "ceiling” on Monday, reported the Ministry of Finance. From Monday and until the approval of Congress new borrowing US Treasury will take "extraordinary" measures to continue to pay for the obligations of the government. The United States is one of the few countries where the law is set "ceiling" of government borrowing. US Treasury...