World & Politics
International Labor Organization: Working time decreased by 14% across the globe because of crisis - 07/02/2020
According to the estimates of the International Labor Organization (ILO), the working hours in the world have decreased due to the coronavirus pandemic by 14%, which is comparable to the loss of 400 million jobs. Such data, however, may reflect new ways of adapting of the the global labor market to a crisis by reducing staff time instead of firing people. As follows from the new release of labor...
US, Canada, Mexico start with new trade rules under USMCA - 07/01/2020
The USMCA, a new free trade agreement between the US, Mexico and Canada, comes into force on Wednesday. The deal covers one of the world's largest free trade zones with a turnover of more than a trillion dollars. The new agreement was reached by the leaders of the three countries in November 2018 at the G20 summit in Buenos Aires. It is replacing the North American Free Trade Area (NAFTA), which...
Lufthansa launches COVID-19 tests service for passengers in Frankfurt and Munich - 06/30/2020
One of the largest airlines in the world, Lufthansa, offered passengers at the airports of Frankfurt and Munich to undergo a coronavirus test before departure. The result will be available in three hours, and will be entered into the boarding pass. Lufthansa Airlines has launched coronavirus testing for its passengers at Frankfurt and Munich airports so that they can avoid quarantine upon...
Virus and waste: garbage volumes jump high during COVID-19 pandemic - 06/29/2020
COVID-19 pandemic and the quarantine measures associated with it have resulted in a significant reduction in harmful emissions into the atmosphere. However, other side effects of the pandemic were less positive for the environment: in particular, the use of plastic, and, consequently, the amount of plastic waste have significantly increased. For now, there is no exact data about the number of...
Trump restricts issuance of work visas as unemployment is growing - 06/23/2020
In a situation of record unemployment, Donald Trump stopped issuing several types of American work visas until the end of the year. Restrictions on green card issuance have also been extended. On Monday, June 22, US President Donald Trump signed a decree to stop issuance of certain types of work visas until the end of the year. In particular, the decree refers to the H1-B type of visas, which...
Two biggest Asian powers turn on each other after border incident - 06/18/2020
The Indian and Chinese military began to withdraw forces from the control line in East Ladakh, where was the most serious clash of border guards in half a century. According to recent reports, 20 Indian soldiers, including their commander, were killed during the incident. The PRC did not disclose information about its losses. However, the Indian military, referring to the radio interception,...
Japan brings anti-crisis measures package to $ 1 trillion - 06/17/2020
The Central Bank of Japan announced an increase to 110 trillion ($ 1.02 trillion) of a package of anti-crisis measures aimed at stimulating the economy affected by the epidemic of the coronavirus COVID-19. Earlier, the Japanese Central Bank has repeatedly increased the volume of the stimulus package, bringing it up to 75 trillion ($ 700 billion), the base discount rate in the country is already...
WHO welcomes first drug to reduce mortality from COVID-19 - 06/17/2020
Head of the World Health Organization called results of a British study on the treatment of COVID-19 with dexamethasone "a life-saving scientific breakthrough". Head of the World Health Organization called results of a British study on the treatment of COVID-19 with dexamethasone "a life-saving scientific breakthrough". Speaking in Geneva on Wednesday night, June 17, he congratulated the British...
Germany buys 23% stake in COVID-19 vaccine developer CureVac - 06/16/2020
The German government invested € 300 million in the biotechnology corporation CureVac, which, among others, is developing a vaccine against COVID-19. This was announced on Monday. In accordance with the terms of the transaction, German authorities who invested in the company through the state-owned KfW bank will receive a 23% stake in the company. In March, CureVac, one of dozens of companies...
French President declares victory over local COVID-19 epidemic - 06/15/2020
On June 14, President Emmanuel Macron turned to compatriots and announced that the coronavirus epidemic had been defeated. From Monday, June 15, state borders open within Europe, and from July 1, communications with countries outside Schengen where the "epidemic is stopped" resumes. All France goes into the "green" zone, except for two overseas territories - Mayotte and Guiana. Restaurants,...
