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Sunday, 25 February 05:55 (GMT -05:00)



Business And Politics News

New U.S. Ambassador to Russia Is Against Reloading US-Russia Relations


The international expert community is now busy discussing United States Ambassador to Russia Jon Huntsman Jr. For years, he has been known as the adversary of Russia’s policies towards Georgia and Ukraine. Politico was the first media source to write about the assignment of Jon Huntsman. Indeed, he seems to have accepted Donald Trump’s offer to represent the USA in Russia.
 
 
We know that during his election campaign, Donald Trump promised to improve relations with Russia. It turns out that Jon Huntsman has the opposite standpoint on the matter. He criticized the Kremlin’s policy and the very idea of reloading the bilateral relations between Russia and the United States.
 
The next step is to file a written confirmation to Trump’s administration. Further on, the Senate will need to approve his candidacy and also receive Moscow’s approval as well. Politico calls Huntsman a moderate realist. He has spent many years abroad as an ambassador, which is why he a practical expert in foreign policy. He started his political career in 1982 as an assistant to a Republican senator. Then he was a member of Ronald Reagan’s administration. In 1992 he became the U.S. Ambassador to Singapore. Back then, he was just 32 years old. He also served as the U.S. Ambassador to China during Obama’s administration.
 
It’s obvious that his career has been successful all that time, where under Republican or Democrat administration. Huntsman was involved in a scandal where he was accused of trying to start a revolution in China. After coming back from China, he ran for president as a Democrat even though he used to work for a Republican administration.
 

 

All that time he has been criticizing any attempts to reload the relations with today’s Russia since he believes that this should be done based on such virtues as democracy and the supremacy of law.

 

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Any Brexit Scenario Will Damage the British Economy

In practice, there can be multiple Brexit scenarios, i.e. the scenarios of how the United Kingdom will exit the European Union. Experts say that almost any scenario will damage the British economy to some extent. Moreover, there will be some economic damage to both the UK, the USA, and the EU.

Publication date: 25 December 02:48 AM

The Era of Cheap Money from Central Banks is Over

According to two major investment banks – Citigroup and JPMorgan, the days of cheap money and low interest rates are nearly gone after almost 10 years since the last global crisis. They warn us that major central banks around the globe (including the ECB, for example) are going to start toughening their monetary policies in 2018 at the fastest pace in 12 years.

Publication date: 25 December 02:05 AM

Will Bitcoin Mining Leave the World without Electricity?

It seems like people have been obsessed with cryptocurrencies. While loading up on them like crazy, they seem to have forgotten that everything has a price. When it comes to mining cryptocurrencies, this is all about the growing deficit of electricity. The thing is that all those mining farms consume tons of energy. Maintaining that cryptocurrency infrastructure is rather energy-consuming as well since all of that requires really powerful and capacious hardware, which consumes big amounts of electricity.

Publication date: 04 December 01:04 AM

Brexit and Bank Capital Outflow

Since the Brexit referendum that took place in the United Kingdom last year, European banks have already withdrawn from the UK as much as 350 billion euros. That’s reported to be the official stats provided by the European Union, The Financial Times reports.

Publication date: 30 November 01:52 PM

Fed Will Raise Interest Rate 4 Times in 2018, Goldman Sachs Experts Predict

According to the experts working for Goldman Sachs, one of the largest investment banks in the world, the U.S. Federal Reserve is probably going to raise the key interest rate 4 times next year.

Publication date: 25 November 04:05 AM

Referendum In Catalonia May Hit Europe Harder Than Brexit

The possibility of Catalonia exiting from Spain is dangerous to the integrity of the European Union, even more dangerous than the Brexit. This is what The Daily Telegraph thinks on the matter.

 

Publication date: 01 October 04:58 AM

Trump Announced Revolutionary Tax Cuts for Americans

On Wednesday, September 27th, President Trump announced a tax reform. The thing is that Donald trump promised this tax reform when making his election pledges in 2016.

Publication date: 29 September 07:51 AM

What is so precious about Ukraine for international investors? An American businessman shares his opinion

More and more international investors have been paying attention to Ukraine as a promising area for profitable investing. Cody Shirk, an American entrepreneur, traveler and investor, is now urging international investors to look at Ukraine as a country with really great investment potential, Market Leader reports.

Publication date: 27 September 03:16 AM

China’s Debt Bubble May Trigger Another Global Financial Crisis

The Chinese economy keeps on slowing down as China’s debt bubble is growing. International experts are concerned about that. They are afraid of a new global financial crisis, Market Leader reports. The thing is, the Chinese economy is not growing fast enough anymore. Beijing has to admit the economic slowdown. The entire international expert community is now closely watching this slowdown and expressing their concerns about China’s economic prospects amid the mentioned economic slowdown and inflating debt bubble.

Publication date: 25 September 12:44 PM

Why Is German Parliamentary Election Important to Europe?

Judging by the results of several sociological surveys, the chances of electing Angela Markel for the next 4 years is fairly high at the moment. Even though there is almost no intrigue in the election, the international community has still been closely watching it, Market Leader reports

Publication date: 24 September 12:55 AM