In ROK too, politics as usual challenged

South Korea’s President Park Geun-hye has become the country’s first democratically elected leader to be forced from office. She now loses her presidential immunity and could face criminal charges over her role in a corruption scandal involving her close friend, Choi Soon-sil. An election must […]

Venezuela facing food shortage, dire economic conditions

While Brazil and Argentina are heading towards economic recovery despite ongoing challenges, Venezuela is said to be plunging deeper into crisis. The Latin American country that owns the world’s largest oil reserves is running out of cash, analysts said. From USD 30 billion in reserves...

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24 million more migrants for Europe?

According to a confidential German government document obtained by the daily newspaper Bild, about six million “migrants” mainly from sub-Saharan Africa, the Horn of Africa and the Maghreb, would be ready to travel to the European Union (EU) departing from North Africa and Turkey. With […]

World Bank tackles productivity too

While assessing the challenges faced by the the global economy in 2016, the World Bank linked increased policy uncertainty, maturing global value chains, and low commodity prices to weakened trade growth. Indeed, one can read in the report Trade Developments in 2016 that this trend […]

Russia-US tension is building up

The arrival of Donald Trump at the White House has so far changed nothing to the bad shape of Russian-American relations. Hostile maneuvers such as very close overflights or massive sending of troops to the borders showed that the bilateral tension keeps increasing. Even if […]

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