China and Europe vow to respond to US's tariff war

President Donald Trump declared that foreign trade and economic practices have created a national emergency, and his order imposes responsive tariffs to strengthen the international economic position of the United States...

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Ukraine's deal with US over rare earth minerals and reconstruction fund

Ukrainian President Volodymyr Zelensky is preparing to meet US President Donald Trump in Washington this Friday to sign a deal that will provide the United States access to Ukraine's rare earth mineral resources, including...

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EU and NATO allies will support a war by 0.25% of their annual GDP?

In light of the ongoing conflict in Ukraine lands and the increasing involvement of global powers like China and North Korea, it is time for the European Union (EU) member states and North Atlantic Treaty Organization (NATO)...

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Regional variations in EU employment rates and the secret of Germany

The European Union (EU) employment rate in 2022 reached its historical high at 74.6%, however, when examining regional data, significant differences emerge beneath the EU average, according to the latest Eurostat announ...

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The soft saving trend can become a huge headache

In general, the future of an economy can be influenced by a wide range of factors, including fiscal and monetary policies, technological advancements, changes in demographics, global economic trends, and more....

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Artificial intelligence boost unemployment through hiring

Unemployment is not only a local issue of a given state. There are tens of millions of unfilled jobs right now worldwide. Thus, why there is unemployment? Why people are not able to find their next job? Is education the...

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The digitalization of money and the major transformations it brings

What would be the purpose of a digital currency, such as the euro? How would it work? Our society is ready to adopt a digital currency, or not? The activity of banks will be dramatically changed, or not? What about the privacy...

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Rules to protect the essential infrastructure of the European Union

The European Parliament has recently given its final approval to rules on improving the protection of the European Union’s (EU) essential infrastructure, with 595 votes in favor. The event of boosting critical infrastructure...

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The future of human resources in the age of automation

Until today, the influence of the human resources (HR) department rises and falls depending on how professionals respond to the constant challenge of keeping a workplace functional, profitable, and valuable enough for its...

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New EU directive on minimum wage and standard of living

With 505 votes in favor, 92 against, and 44 abstentions, European Parliament adopted new legislation on adequate minimum wages in the European Union (EU) on September 14, 2022. The minimum wage should ensure a decent standard...

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Guide on how to choose between two or more job opportunities

During the process of searching for a new job it is possible to end up with multiple options. This means that you can be both exciting and stressful, concerning your needs, the environmental factors, and the actual plan...

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Paying for natural gas in rubles will not change anything

Europe imports large amounts of Russian natural gas, even today, despite the war in Ukraine. According to officials, around 60% of imports are paid in euros, and the rest in dollars. However, Putin wants to change that by requiring...

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Borders and sanctions: Russia out of the economic game

A sanction is actually a penalty imposed by one country (or a group) on another, and it is used as a tool to stop the country acting aggressively or breaking international law. Sanctions are designed to hurt the economy...

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What is the SWIFT system? Western logic against “Putin thinking” (maps)

Russia’s president, Vladimir Putin (born 1952), launched an invasion of Ukraine on February 24, 2022. As the aftermath of the dramatic escalation of the Russo-Ukrainian War that began in 2014, this new war is the largest conventional...

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The AI digitalization of employment and our future

The digitalization of all sectors of the global economy is on the way. As far as governments around the world invest on digital infrastructure and reskilling the workforce, artificial life is going to be inevitable. However,...

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A 1997 story about virtual money and the global economy

Interestingly, virtual money and the globalization of our economy is a field with depth and many publications refer to this topic. Particularly, the global economy cannot be stopped, unless we understand how to make everything by...

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WEF’s reskilling revolution platform ignores ethics?

World Economic Forum (WEF) recently launched the reskilling revolution platform to provide better jobs, education, and skills to one billion people in the next 10 years...

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Internet of Things in 1980s, today, and the future

The role of Internet of Things (IoT) as a network of physical objects and devices (mechanical and digital machines) with unique identifiers (UIDs) that communicate and interact with each other via an internet connection...

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Primary income in the EU before COVID-19 and the future

According with the latest news release by Eurostat, the primary income per inhabitant in the European Union (EU) was 18,800 euros. Across EU NUTS 2 (Nomenclature of territorial units for statistics) regions, it ranged...

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Over 81% of global workforce affected by full or partial workplace closures

International Labor Organization (ILO) recently reported that the COVID-19 pandemic is having a catastrophic effect on working hours and earnings globally. The current crisis is expected to wipe out 6.7% of working hours...

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