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AI-Enhanced Targeting Becomes Crucial as Ukrainian Drone Units Seek Battlefield Superiority 11/29/2025

Airlines Mobilise Worldwide as Airbus A320 Recall Sparks Urgent Fix Campaign 11/29/2025

UK government to increase taxes on property, high incomes, and electric vehicles 12/01/2025

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Economics

Wealth-X: Europe shows the fastest growth in millionaires number

Last year, the number of wealthy people rose by 1.9% to 22.4 million worldwide (from $ 1 million to $ 30 million), according to a report by research company Wealth-X. The total amount of their capitals increased by 1.8%, to $ 61.3 trillion. The most active growth of millionaires last year was noted...

Global business is accumulating debt

The volume of the global debt load is now more than three times the size of the global economy. In the third quarter of 2018, this figure was $ 244 trillion, or 318% of total GDP, the Washington International Institute of Finance calculated. The peak of 320% of GDP fell in the third quarter of...

Trump Administration Urged To End Trade Uncertainty By Top Global Auto Leaders

Claiming the political instability was costing the global auto industry, the Trump administration and the United States Congress was urged by top global auto executives gathered in Detroit to resolve trade disputes and the US government shutdown. While a new regional trade agreement...

Chinese exporters notice lack of demand

The US protective duties, imposed on supplies from China in the amount of more than $ 250 billion, have finally affected the volume of Chinese exports. In December it decreased by 4.4% year-on-year. This is the lowest growth rate over the past two years (in November, the dynamics were positive -...

Adobe Says Record $126 Billion Spent By US Holiday Shoppers Online

According to Adobe Analytics, the 2018 holiday season saw United States consumers spend record an\mount of $126 billion on online shopping. The firm said that the driver for consumers were the early discounts on Amazon.com and other websites and the use of smratphones to make online purchases...

Venezuela raises minimum wage by 300%

Venezuelan President Nicolas Maduro announced an increase in the minimum wage in the country by 300%. As a result, it will grow to 18 thousand Bolivars (about $ 6.52) from 4.5 thousand Bolivars, according to Al Jazeera. During 2018, the minimum wage rose five times. Maduro also promised to...

Lower Growth Target To Be Set By China For 2019: Reuters

As the Chinese economy sets itself up to tackle slump in domestic demand and US trade tariffs, the country has apparently lowered its economic growth target for 2019 of 6 to 6.5 percent against last year’s target of “around” 6.5 percent, according to a report published by news agency Reuters....

China’s trade turnover is falling faster than expected

Volume of foreign trade of China in 2018 in dollar terms reached a record in the entire history of the mark, having increased by 12.6% compared to 2017. However, a slowdown in the growth rate in China is forecasted for this year due to trade wars with the United States. In December 2018, China’s...

Brazil green-lights Boeing-Embraer joint venture

The Brazilian government has approved a strategic partnership between Boeing and Embraer, which will set up two joint ventures (JVs), according to a general release of the companies. "Embraer and Boeing welcome the approval of their strategic partnership by the Brazilian government, which will...

Japan’s Concerns Over Brexit The Focus Of Shinzo Abe’s UK Visit

It is expected that Japanese prime minister Shinzo Abe would apprise UK’s counterpart Theresa May about the concerns of his country about a no-deal Brexit in a meeting of the two leaders in London. There are high concerns about a no-deal Brexit for Japan because more than a thousand...