Mexico's economic growth has stalled since the new President, Andrés Manuel López Obrador, took over and is on the verge of a recession, including because of the weakening economies of the United States and other world powers. Mexico’s budget for 2020 contains ambitious forecasts for a 2% increase and an increase in oil production of about 15% compared with the current level, which, according to...

Beijing may resume small purchases of American farmers' products, which they stopped importing in early August at the height of the trade war. But not for free: in exchange, the Chinese want to solve some of the problems for their tech giant Huawei and delay introduction of the next round of duties. China has proposed an interim peaceful solution to the US-China trade dispute. The Eastern country...

The international rating agency Fitch Ratings downgraded Hong Kong's long-term foreign currency issuer default rating. Lengthy protests in the city infringed on the "one country, two systems" principle and threatened the city’s relationship with mainland China. The agency downgraded the rating from "AA +" to "AA", and the forecast was changed from "stable" to "negative", which will affect the...

Analysts named Vienna as the best city to live in. The Austrian city was followed by Melbourne and Sydney. These are the results of a new study conducted by The Economist magazine, namely, by The Economist Intelligence Unit (EUI). A year earlier, Vienna and Melbourne occupied the same places, and the third was Osaka. The top 10 included Osaka, Calgary, Vancouver and Toronto, Tokyo, Copenhagen and...

Iranian President Hassan Rouhani announced the next step in reducing its nuclear deal obligations. Until the last moment, there has been hope that the government would change its mind. However, after the US introduced new anti-Iranian sanctions, it became clear that Iran would not make concessions that would be perceived as a manifestation of weakness. “Since we did not achieve the desired...

The authorities of Argentina imposed temporary restrictions on foreign exchange operations in order to stop weakening of the national currency and maintain reserves. In addition, last week the government announced plans to restructure part of the public debt. This caused a temporary decrease in the country's credit ratings to the level of “selective default”, as the owners of bonds issued under...

Last week, Conte said that he would step down as Prime Minister after the far-right Lega Nord party left the coalition with the 5 Star Movement, triggering a political crisis. On Wednesday, the Five Star Movement and the opposition Democratic Party told President that they were ready to try to form a government led by Conte. The parties have yet to agree on a common political platform and the...

By the mid-September presidential election in the United States, Facebook will tighten the authorization of US customers who want to place political ads on social networks, as well as show users more information about each advertiser and start listing social issues in the United States. The company announced regular measures to protect elections in the United States on August 28. The company will...

French President Emmanuel Macron summed up the G7 summit that ended in Biarritz. He spoke about a breakthrough in relations with Iran, a possible settlement of trade wars between the USA and China and the USA and Europe, and about refusal to sign an agreement with MERCOSUR. Two days of negotiations at the G7 culminated in a joint declaration and final press conference which Emmanuel Macron...