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Ukraine to receive 600 million euros in EU aid
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The EU Commission approved disbursement of €600 million in assistance to Ukraine. Of course, sooner or later any loan must be returned, but some countries do not even have an opportunity to borrow money.
For example, Russia, which is under Western sanctions right now, can not apply for foreign loans, even though many Russian state-owned companies used to receive money upon request. Ukraine, on the contrary, actively uses the support of European and Western countries and receives large-scale financing, fulfilling the stipulated terms. The EU requires Ukraine to meet certain conditions for obtaining loans. However, this is not a payoff or a bribe; the conditions are really very beneficial. For example, Ukraine should continue to fight corruption and promptly solve the problems of people who moved from dangerous parts of the country where armed conflicts with separatists take place. In addition, according to Vice-President of the European Commission Valdis Dombrovskis, Ukraine should continue to reform the health care system as well as housing and utility sector. Development of new projects in economic and social sectors is among the obligatory requirements for receiving a loan. It is also planned to allocate money for the modernization of the education system, which will require about $3 billion, Prime Minister Volodimir Groysman said.
So, it turned out that in the world of modern money lending, there are also quite normal conditions for obtaining a loan. It is difficult to talk about the reaction of the government, but for ordinary citizens these conditions are very good.

Most expensive cities for tourists
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The British magazine The Economist conducted a thorough investigation and found out what world's megacities cost travelers the most.


Singapore took the first place. For example, transportation costs in Singapore are almost three times higher than in New York, and the daily rent of an average apartment is $200-300.


The second place is occupied by the romantic capital of the world, Paris. Prices for food, housing and transportation in Paris are very high. For example, a very modest lunch in a cafe will cost at least 30-40 euros.


The third place belongs to the capital of Norway, Oslo. Going to the cinema will cost you at least 20 euros, and for a glass of beer you will pay at least 15 euros. A loaf of bread can be bought there "just" for 8 euros. By the way, renting an apartment also costs a lot - from 5 thousand euros per month.


Swiss Zurich was given the fourth place. A kilogram of rice in Zurich costs 5 euros, a liter of gasoline - 1.62. By the way, many Swiss people go "shopping" in neighboring Germany or Italy, where prices are not so high.


The fifth place was held by Sydney, Australia. Because of the "overheated" housing market, the cost and rental of real estate here have reached sky highs. If, after arriving in Australia, you will stay in medium-sized hotels, eat in a cafe, use a taxi and look around the sights, then the costs will be approximately 180-210 Australian dollars per person per day.


New York Mayor determined to get rid of rats
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Rats should get out of our city! With this slogan New York declared a war against rats. The citizens led by Mayor Bill de Blasio pose a challenge to rodents, sparing neither expense no effort. The authorities allocated $32 million for this campaign. “We refuse to accept rats as a normal part of living in New York City,” the mayor said.
Importantly, the money is not wasted for nothing. Some drastic measures will be taken. Old wire waste baskets on streets will be replaced with new steel ones and trash compactors will be installed so that rats will not be able to eat garbage. Besides, the city authorities plan to replace wooden basement floors with concrete ones. In fact, rats are an absolute nightmare for New York citizens. They can be seen anywhere while the most infested neighborhoods are the south-west Bronx and the north Brooklyn. Moreover, the situation in Bronx is getting worse: the leptospirosis, a dangerous infectious disease, broke out there. The residents of this borough are recommended to avoid the areas where rats gather and to wash their hands more often. For example, people may get infected if they hold a handrail which a rat ran along and then rub their eyes.
The problem is really getting more pressing. According to the Columbia University, the population of rodents in New York skyrocketed above 2 million specimens in 2014. Now the city aims to reduce this number by at least 70%. The main reason for a rapid growth of rats is bad sanitary conditions in the city.

Top 5 wealthy CEOs of "green" energy
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Not so long ago the idea that top managers from the sphere of renewable energy sources will earn billions seemed so outside the realm of probability. But now everything has changed. The CEOs of "green" energy joined the ranks of oil barons, media magnates and wealthy financiers.


Elon Musk is the founder of SpaceX, Tesla Motors and PayPal. His fortune is estimated at $31.5 billion. In 2012, SpaceX became the first commercial company that managed to dock its ship with the International Space Station. Currently, the market value of the company is $10 billion.


Li Hejun from Hanenergy Holdings. His fortune is estimated at $31.5 billion. He started his business with the construction of the hydroelectric power plants' dam in Guangdong. In2014, Li managed to earn $3 billion in just two days, when his company's securities jumped by 36%.


Wang Chuanfu from BYD with a fortune of $5.3 billion. The current billionaire started his business in 1995. The first BYD product was batteries for mobile phones. At the moment, the company is the world's leading supplier of batteries, as well as develops solar farms and energy storage stations.


Aloys Wobben from Enercon. His fortune is estimated at $4.2 billion. In Germany, this top manager is called Mr. Wind, since he was fascinated by kites from early childhood. He has a whole collection of such toys. Wobben opened his business in 1984, and Enercon quickly became a global player in the field of alternative energy.


One of the wealthiest women in the world, Christy Walton earned billions thanks to the Wal-Mart supermarket shares, which she got after the death of her husband, John Walton. John also invested in First Solar (solar panels).

Facebook wants to stream FIFA World Cup highlights
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Social media networks devoted their attention to large-scale sports events. Earlier, only TV channels fought for the right to broadcast football games, but now some Internet giants also strive to break into live sports streaming.
Facebook is bidding for the right to stream video highlights of the 2018 FIFA World Cup hosted in Russia. Twitter and Snap also share the interest of Facebook in the football cup and are in talks with 21st Century Fox that holds the deal for US broadcasting rights to the FIFA tournament. A few years ago, Mark Zuckerberg named video content one of the priority directions. Sports event streaming arouses interest of many users and is considered an important source of ad income. Some time ago, the largest social network has signed a deal with Fox on streaming the UEFA Champions League in the United States. Moreover, Facebook intends to launch its own media product and challenge Netflix, Amazon, and HBO.
Besides, the social media platform plans to create its own TV series with the budget of up to $3 million per episode, which roughly corresponds to the budget of most popular TV shows. Facebook also aims to create TV shows with a moderate budget ($500K - $1M per episode) and short films (up to 10 minutes).

Ten developed countries with the greatest social inequality
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The Organization for Economic Cooperation and Development (OECD) has drawn up a rating of developed countries with the highest income inequality among the population.


The OECD ranked the countries in terms of the gap between the poor and the rich. Let's note, experts have agreed that inequality between the poor and the rich leads to a decrease in the social stability of society, and also slows the development of the economy in the country.


The first line of the rating is given to Chile. Analysts note that the main reason for the difficult situation is the problem with the labor market. One in three staff member in OECD countries today works part-time.


The second place is taken by another country in Latin America – Mexico. Representatives of OECD note that 40 years ago, the difference in income between the same percentage of the poor and rich population was 7, ten years ago – 9. Today, this figure stopped at 9.6.


Turkey is among the top three countries with the highest income inequality. Angel Gurria, representative of the OECD, announced that the situation had reached a critical point. Gurria calls on the authorities of the member countries of the organization to take action that should affect both social and economic motives.


The USA came in fourth place. It is strange but true that only in Chile, Mexico and Turkey the gap between poor and rich people is higher. Israel, Great Britain, Greece, Estonia, Portugal and Japan close the top ten. By the way, Denmark, Slovenia, Slovakia and Norway have shown the best results – in these countries there is the least social inequality. Let's note, Russia does not cooperate with OECD.


It is important that inequality tends to increase. As the experts note that this happens not only during periods of prosperity, but also during crises. The rich take advantage of the economic growth. Over the past 20 years, about half of the residents from the OECD countries have not earned anything on the economic boom.

Chinese consumer prices drop by 0.2% in June
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According to the National Bureau of Statistics of China, the country’s consumer price index rose by 1.5% in June an annualized terms, matching the previous month’s pace.
In June, producer prices grew by 5.5% on a yearly basis, unchanged from May. Both figures come in line with analysts’ expectations.  Consumer prices and producer prices edged down by 0.2% in the reporting period from the previous month.
The prices grew by 2.0 percent in cities and 1.7 percent in rural areas on a yearly basis. Food prices decreased by 1.2%, non-food prices, by contrast, increased by 2.2%. Services prices rose by 3%.
In the first six months of the year, inflation in China was 1.4%.
According to IHS Markit economist Rajiv Biswas, further slowdown in producer price growth is likely to occur in the coming months. An economist at Australia & New Zealand Banking Group Ltd believes that 2017 will be another year when the consumer price index will be below the target level of 3%. Last year, Chinese inflation was at the level of 2%, below the official forecast of 3%.
This year, the government is expecting inflation at the level of 3%. In 2016, the producer price index fell by 1.4% in China.

«Dirty dozen» of coal billionaires from The Guardian
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The British media created the rating of coal billionaires, whose total investments in coal extraction is a reason of the same amount of greenhouse gas emissions, produced by China, the most polluting state of the world.

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The Guardian included 12 billionaires into the “dirty" list, all they possesses shares of the major coal holdings. It is noteworthy that Russians take seven lines in the list of “dirty dozen".


Hindu Vinod Shantilal Adani turned out to be the “dirtiest" coal billionaire. The businessman owns a share of $900 million in the Indian Adani Enterprises coal company. Adani's part is about 2.1 billion tons of coal of the enterprise's total reserves. Such an amount of fossil during combustion can produce a volume of carbon dioxide equal to the emissions of the entire Indian population in a year.


The second place is occupied by the Russian businessman Roman Abramovich. The billionaire has a share of $766 million in the Evraz company. Abramovich also owns about a fourth of the large Russian coal mine “Raspadskaya". One fourth of the mine is 1.52 billion tons of coal.


It should be noted that Abramovich's colleague, co-owner of the Evraz holding Alexander Abramov (in the picture) took the third place of the “dirty dozen", and the Director General of the company Alexander Frolov was placed on the seventh line.


Suleyman Kerimov (in the picture), one more representative of Russia, occupied the fifth line of the "dirty dozen". The businessman owns the share of Polyus Gold, he possesses 40% of the company. According to experts, the entrepreneur's share is 923 million tons of coal of the company's total reserves. The eight and ninth lines of the rating were taken by Kerimov's colleagues, Gavriil Yushayev and Oleg Mkrtchan.


The rest of the lines in the "dirty dozen" went to Tuku Wong, a businessman from Indonesia (in the picture), who owns 51% of shares of Bayan Resources, Aivan Glasenberg, Daniel Badenes and Aristotle Mistakidis, co-owners of the Glencore Xstralia mining giant, as well as another representative from Russia Vadim Danilov, who owns a share of $25 million of the Kuzbass fuel company.


For the record, the most "modest" billionaire of this rating is 391 million tons of raw materials. fuel The combustion of such amount of fuel will give the volume of carbon dioxide equal to that produced annually by Australia and Italy combined.

Chinese consumer prices drop by 0.2% in June
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According to the National Bureau of Statistics of China, the country’s consumer price index rose by 1.5% in June an annualized terms, matching the previous month’s pace.
In June, producer prices grew by 5.5% on a yearly basis, unchanged from May. Both figures come in line with analysts’ expectations.  Consumer prices and producer prices edged down by 0.2% in the reporting period from the previous month.
The prices grew by 2.0 percent in cities and 1.7 percent in rural areas on a yearly basis. Food prices decreased by 1.2%, non-food prices, by contrast, increased by 2.2%. Services prices rose by 3%.
In the first six months of the year, inflation in China was 1.4%.
According to IHS Markit economist Rajiv Biswas, further slowdown in producer price growth is likely to occur in the coming months. An economist at Australia & New Zealand Banking Group Ltd believes that 2017 will be another year when the consumer price index will be below the target level of 3%.
Last year, Chinese inflation was at the level of 2%, below the official forecast of 3%. This year, the government is expecting inflation at the level of 3%. In 2016, the producer price index fell by 1.4% in China.

There are 920,000 millionaires more in the world
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Every day the world is replenished with 2.5 thousand new dollar millionaires. Such data is shown in the World Wealth Report 2015


This report is compiled by the well-known consulting group Capgemini in conjunction with the financial company RBC Wealth Management. In the report you can find answers to a lot of exciting questions: where millionaires live, what is their number, what they are ready to invest their money in, how they make decisions and what they are afraid of.


According to the report, over 2014, the number of dollar millionaires in the world has risen to 920,000, their number has increased by 6.7%. To date, their total number is 14.6 million people. The richest people, that is, those whose assets are valued at more than $30 million, account for 1% of the total number of millionaires, but this percentage holds 35% of the world's wealth.


The report says that more than 60% of dollar millionaires live in several countries: the United States of America, Japan, Germany and China. Note, in the United States there is the largest number of millionaires - 4.4 million. Russia ranks 17th in this rating with a total of 155,000 millionaires.


The report shows that, in 2015, millionaires in investment movements have become risky: investments in securities turned out to be more popular than deposits and cash (27%). Also, the main investment destination was real estate (18%). In the last place are alternative investments: hedge funds, derivatives, foreign currencies, etc.


The report says: the rich are most willing to consult with capital management specialists when investing - 30% of the millionaires surveyed. Approximately the same number of them are consulted in this issue with family members - 27% and 22% of them listen to the advice of friends.


Young millionaires-investors try to use computer programs as consultants - 67% of the wealthy people trust such programs.


The most important reasons for concern among millionaires are their personal health and the health of their loved ones, the opportunity to provide themselves with a long life, as well as the opportunity to maintain the usual rhythm of life in old age. However, young millionaires often worry about the impact of the economy on their financial achievements. Also among the rich, there is concern that the next generation will not be able to properly manage the inheritance.


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