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Economy

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Economy

Influencers in France face jail under new laws

Gaston de Persigny -
Influencers in France can now be jailed if found to have broken new promotion rules after a law was officially passed, CNN reported. The tough new laws aim to protect consumers from misleading or...
Economy

Japan will extract electricity from the Sun

News desk -
The technology will be tested in 2025. Japan is preparing technology that will allow it to "harvest" electricity from the Sun and send it to Earth. The technology was tested once in 2015, and in...
Africa

Egypt starts construction on the world’s longest man-made river

Newsdesk -
Egypt has announced plans to build an artificial river 114 kilometers long. The project, estimated at $5.25 billion, will improve food security and increase the country's agricultural exports. The national project called "New Delta" is...
Economy

Bananas – a “socially important product” in Russia

Newsdesk -
In addition, the protocol states a temporary reset of the tariff rate for bananas Bananas may become a "socially important product" in Russia, and import duties may be temporarily removed, the "Izvestia" newspaper reports, referring...
Economy

The former Ataturk Airport has opened its doors as Turkey’s largest public park

Newsdesk -
The former "Ataturk" airport in Istanbul has opened its doors to visitors as the largest public park in the country, reported "Daily Sabah". The new park, built on the territory of the former international airport,...
Economy

A three-story tunnel under the Bosphorus will connect Europe and Asia in 2028

Newsdesk -
A third tunnel connecting the European and Asian parts of Istanbul, officially named the "Great Istanbul Tunnel" by the government, will be put into operation in 2028, announced by the Transport and Infrastructure Minister...
Economy

From shortage to surplus – nickel prices lower than futures through 2022

Newsdesk -
Last year, nickel savings fell into the spotlight, thanks to the tropical climate in the nickel floor, which drove prices down, and so on. reached the astonishing 100,000 dollars per ton. This is the...
Economy

The IMF is concerned that Zimbabwe is introducing an official gold-backed digital currency

Gaston de Persigny -
The way of using crypto-wallets and analog digital assets in the world has not received the support of the International Monetary Fund (IMF) and the position remains unchanged today. Recently, he warned the Zimbabwean...
Economy

Real household income rises in the second half of an otherwise weak 2022

Newsdesk -
Real household income per capita grew by 0.6% in the OECD in the fourth quarter of 2022, exceeding growth in real GDP per capita of 0.1% (Figure 1). Despite moderate growth in the third...
Economy

An elderly Japanese man opened a free cafe in Kharkiv

Newsdesk -
When Fuminori Tsuchiko arrived in the Ukrainian city last year, he told himself he wanted to do something to help people An elderly Japanese man decided to open a free cafe in Kharkiv, Reuters reported. When...
Economy

The “golden visas” in Europe heated up housing prices. States are already ending the programs

News desk -
After the global financial crisis in 2008, about ten European countries introduced the so-called "golden visas" for foreigners who invest in the country, buy housing, work and can apply for citizenship after a certain...
Economy

ATMs of the Romanian UniCredit turned out to be full of fake Euros from Turkey and Bulgaria

Newsdesk -
The Romanian bank has experienced significant losses because its ATMs have received counterfeit banknotes of 500 Euro for a total value of around 240,000 Euro. The bank's ATMs only rejected six of the fake...
Economy

Tourism in 2023, A Year of Recovery and Growth

Newsdesk -
Tourism in 2023 is expected to be a year of recovery and growth for the sector, as international travel gradually resumes and domestic demand rebounds
Economy

The largest wool factory in Europe will be completed in Romania

News desk -
The largest factory for the production of wool in Europe will be built in Romania by local investors from the town of Olt, Fagetelu municipality, which received over 182 million lei (36.8 million pax...
Economy

Russia is preparing a pilot introduction of the digital ruble

Newsdesk -
The digital ruble will be offered to everyone after it has been tested among a narrow circle of real customers. This was stated in the State Duma of Russia by the governor of the...
Economy

2022 broke records in the art market

Gaston de Persigny -
The most expensive private collection and the most expensive work of art of the 20th century were sold The past year 2022 will go down in history as one of the most profitable for the...
Economy

MEPs renew suspension of EU import duties on Ukrainian exports

European Parliament -
The International Trade Committee gave its green light on Thursday for another one-year suspension of EU import duties on Ukrainian exports to support the country’s economy.
Economy

Cyprus raised €1 billion in bonds

Gaston de Persigny -
On 4th of April Cyprus released its first long-term bond issue as governments took advantage of strong demand for such assets after weeks of volatile bond markets. This was reported by Reuters. Nicosia raised €1 billion...
Economy

Crypto-asset transfers – new tracing rules in the EU

European Parliament -
Parliament endorsed the first EU rules to trace crypto-asset transfers, prevent money laundering, as well as common rules on supervision and customer protection.
Economy

Erdogan: Putin may visit Turkey for the opening of the nuclear plant

News desk -
Azerbaijan will supply natural gas to Hungary, via Bulgaria Russian President Vladimir Putin may visit Turkey for the opening ceremony of the Akkuyu nuclear power plant on April 27, Turkish President Recep Tayyip Erdogan announced. "We...
Economy

Support for Ukraine: Sweden announced a boycott of Absolut vodka

Gaston de Persigny -
Starting this weekend, it is no longer possible to order a glass of Absolut vodka, Jameson whiskey or Malibu rum there. The Svenska Brassierer group, which owns these establishments, has decided to stop selling...
Defense

Netherlands intelligence identifies China as the main threat

News desk -
China's actions represent the biggest threat to the Netherlands' economic security and innovation. The head of the Dutch General Intelligence and Security Service (AIVD), Erik Ackerboom, told The Associated Press in connection with the...
Economy

World Evangelical Alliance and FaithInvest to Work Together to Grow Faith-Consistent Investing for a Just and Sustainable World

Newsroom -
The World Evangelical Alliance and FaithInvest have signed a collaboration agreement setting out how they will work together to increase faith-consistent investing globally to achieve a more just and sustainable world.  The aim is to...
Economy

First meeting of the Inclusive Forum on Carbon Mitigation Approaches, 9-10 February

Newsdesk -
More than 500 senior government officials representing 100 countries and jurisdictions from around the world are expected to come together for the first meeting of the Inclusive Forum on Carbon Mitigation Approaches (IFCMA)starting with a high-level launch event...
Economy

Council adopted EU single window for customs

Council of the EU and European Council -
To make international trade easier, shorten customs clearance times and reduce the risk of fraud, the EU decided to create a single window for customs. Today the Council adopted new rules which set the appropriate...
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