World & Politics
Merkel's party ranks third in Hamburg parliamentary elections - 02/24/2020
The Social Democratic Party of Germany (SPD) won the parliamentary elections in the federal state of Hamburg, follows from the calculation of the statistical bureau. The ruling Christian Democratic Union (CDU) gained 11.2%, ranking third. The SPD received 39% of the vote, the Greens - 24.2%. Both parties were included in the former government of the land. According to Die Zeit, the CDU has gained...
Tax Justice Network publishes money hideouts rating 2020 - 02/20/2020
The non-governmental organization Tax Justice Network ranked countries for financial opacity and closeness. The top 10 included not only offshore territories such as the British Virgin Islands and Cayman Islands, but also countries such as the United States, Japan, Switzerland, the Netherlands and the UAE. The non-governmental international organization Tax Justice Network (TJN), which studies...
IMF refuses to write off Argentina's debt - 02/18/2020
The International Monetary Fund, as a lender of last resort, cannot offer Argentina debt cancellation, said IMF Managing Director Kristalina Georgieva in response to the call of the country's vice president Cristina Fernandez de Kirchner to take such a step. In an interview with Bloomberg, Georgieva said that the IMF continues to support the government of Alberto Fernandez in his attempts to...
Jeff Bezos to create Bezos Earth Fund - 02/18/2020
American billionaire Jeff Bezos, CEO and founder of Amazon, announced creation of the Bezos Earth Fund to tackle climate change. On his Instagram page, the entrepreneur announced that he would donate $ 10 billion to the work of the fund through which he will finance the activities of scientists and public organizations involved in climate change. According to the businessman, money will be...
Japan's GDP in the IV quarter falls at the fastest rate since 2014 - 02/17/2020
In the fourth quarter of 2019, Japan's GDP fell by 6.3% year on year. This is the maximum rate of economic decline over 5.5 years, following increase in the consumption tax in the country. A drop in GDP was recorded for the first time since the third quarter of 2018. Analysts interviewed by Trading Economics expected an average decline of the Japanese economy in the fourth quarter by 3.7%. In the...
Italian Senate allows to bring Salvini to court - 02/13/2020
The Italian Senate has allowed instituting proceedings against former Interior Minister Matteo Salvini, Italian media reported. The request for depriving Salvini of immunity within this case was sent to the Senate by the tribunal of the Italian city of Catania. The former minister is accused of abusing power while heading the Ministry of Internal Affairs, preventing migrants from entering Italy....
Will EU solar boom help curb climate change? - 02/12/2020
Electricity generated using solar energy is cheaper and more popular in the EU. In 2019, twice as many solar panels were installed here than in 2018. “We have entered a new era of development. Solar energy is thriving in the European Union,” said Walburga Hemetsberger, head of SolarPower Europe, the industry’s leading solar industry association. More precisely, one could say that it is...
Storm Ciara kills six in Europe - 02/11/2020
At least six people were killed in Europe as a result of the blow of Storm Chiara, the Associated Press reported on Monday. In particular, one person each died in the Czech Republic, Slovenia and in southern Britain. These were drivers whose cars fell on trees. Two more people died in a ski resort in Poland, when a roof collapsed due to inclement weather. Two more people were injured. In...
US plans to withdraw government procurement from WTO agreement - 02/05/2020
The administration of US President Donald Trump is developing a project for the country to withdraw from the World Trade Organization (WTO) agreement on government procurement, Bloomberg reported, citing sources. Mr. Trump announced the need to reconsider US participation in this type of agreement immediately after his election as President. The purpose of the government procurement agreement is...
Cyprus puts freeze on cancelling 26 "golden passports" - 02/04/2020
Three months ago, Cyprus announced its intention to withdraw “golden passports” of 26 people. However, no action has been taken since then, the Phileleftheros newspaper writes. According to the outlet, the process stalled due to the lack of the necessary law. The legislation on citizenship deprivation in Cyprus does not contain separate provisions for the revocation of passports issued to foreign...
