World & Politics
Trump signs bills on Hong Kong; China protests - 11/28/2019
US President Donald Trump said he has signed two bills on Hong Kong, previously submitted by two houses of the US Congress. "I signed these bills out of respect for President Xi (PRC President Xi Jinping), China and the people of Hong Kong. The bills are being put into effect in the hope that the leaders and representatives of China and Hong Kong will be able to peacefully resolve the...
Argentina refuses remaining IMF loan - 11/27/2019
Alberto Fernandez said he would not ask the fund to transfer $ 11 billion, the remaining of the total loan of $ 57 billion. "I don’t know if the remaining money will come under the agreement, which states that Argentina will be sent $ 57 billion. To date, they sent $ 45 billion, $ 11 billion remains. I need to solve a huge problem, will I really ask for another $ 11 billion? I want to stop asking...
OECD expects tax information exchange to expand further - 11/27/2019
The Global Forum on Transparency and Exchange of Information for Tax Purposes published a report on the results of ten years of activity of developed countries in this field. An international Convention on Mutual Administrative Assistance in Tax Matters was proposed for signing in 2010, which significantly increased the number of bilateral data exchange agreements. In 2019, the data exchange...
Catalan separatists agree to form a coalition in exchange for independence talks - 11/26/2019
The Republican Left of Catalonia party, which is for independence of the autonomous community, supported formation of a coalition government with a majority of votes in exchange for the resumption of negotiations on regional independence, El Pais reports. According to the publication, 94.6% of party members supported formation of the coalition. In return, they demand that the PSOE socialists who...
Boris Johnson promises to finally deal with Brexit - 11/25/2019
If UK Prime Minister Boris Johnson’s party wins the election, he promises to hold a debate before Christmas and the next vote by agreement with the EU. Other promises contained in the manifesto of the Conservative Party include an increase in tax on the purchase of real estate in Britain by foreigners and foreign companies. The paper also promises not to raise income tax, VAT and national...
Michael Bloomberg enters US presidential race - 11/25/2019
The former New York Mayor is betting on moderate political views and “unique experience in business, management and charity.” One of the richest people in the world wants to “defeat Donald Trump and restore America.” If he wins this race, he is ready to be paid just $ 1. “We cannot afford another four years of reckless and immoral actions by President Trump. It poses an existential threat to our...
India is trying to cash on US-China trade war - 11/21/2019
New Delhi plans to offer 324 companies, including Tesla and Glaxo, incentives and preferences to lure major manufacturers from China. Indian authorities are trying to capitalize on the trade standoff between China and the United States. According to Bloomberg, New Delhi plans to offer 324 companies, including Tesla and Glaxo, benefits and preferences in order to lure major manufacturers from...
Huawei's Meng Wanzhou appeals against extradition to USA - 11/21/2019
Lawyers of Huawei’s financial director Meng Wanzhou, accused of fraud in the US, have filed a lawsuit calling on the Canadian government to immediately stop trying to extradite their client to the US, CTV News reported on Thursday. A spokeswoman for Huawei Canada says the appeal was filed on November 13th. It alleges that attempts to extradite Meng Wanzhou "cannot meet the double criminal...
Fitch confirms China's rating at A+ - 11/20/2019
The international rating agency Fitch has kept China's long-term issuer default rating (IDR) in national and foreign currencies at "A +", the outlook is stable, the agency said in a release. The short-term IDRs of the PRC in both currencies remained at the “F1 +” level, the country ceiling rating was at the “A +” level. "China's ratings are supported by a strong level of external financing of...
Will bookmakers' predict 2019 United Kingdom general election? - 11/18/2019
If you listen to bookmakers, it becomes clear that the central issue of the upcoming elections in the UK is not the victory of Boris Johnson, his ability to pry himself away from the competitors. According to bookmaker Paddy Power, Johnson is the favorite among the vast majority of the country's population. Many want him to remain as Prime Minister after the December 12 vote. With the current...