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Top 10 – Richest Countries in the World

According to market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year. Incredibly, the vast majority of this wealth – about 73.5% – is held by just 10 countries: Rank Country Wealth (USD Trillions) Change (2007-2017), % #1 United States $62.6 20% #2 China $24.8 198% #3 Japan $19.5 22% #4 United Kingdom $9.9 -2% #5 Germany $9.7 0% #6 India $8.2 160% #7 France $6.6 -11% #8 Canada $6.4 25% #9 Australia $6.1 83% #10 Italy $4.3 -19% Over the last decade, China

In 2018 ECB ends production and issuance of 500 EUR banknote

he Governing Council of the European Central Bank (ECB) concluded a review of the denominational structure of the Europa series back in 2016. It was decided to permanently stop producing the 500 EURbanknote and to exclude it from the Europa series, taking into account concerns that this banknote could facilitate

EIB: One of most beautiful European railways recaptures past glory

The Montenegro railway upgrade is the first in 40 years ontenegro's railway used to be one of its big accomplishments. It was the largest and most expensive infrastructure project in the former Yugoslav federation. But now it has fallen into decay. With the European Investment Bank's help, the railway plans a

The Biggest Economies in 2018

he United States has the largest economy in the world at $20.4 trillion, according to data from the International Monetary Fund (IMF), which shows the US economy increased from around $19.4 trillion last year. China follows, with $14 trillion, which is an increase of more than $2 trillion in comparison to 2017.

EU Programme for Employment and Social Innovation (EaSI) Report

uropean Commission published a report with examples of 7 projects and 10 organizations supported by the Programme for Employment and Social Innovation (EaSI) in 2014-2017. The aims of the presented projects ranged from supporting reforms of national social protection systems and enhancing administrative cooperation on posting of workers to raising awareness on how young people

Globalization Adjustment Fund: €4.6M to ex Caterpillar Belgium workers

he European Commission has proposed to provide Belgium with €4.6 million from the European Globalisation Adjustment Fund. This money should help nearly 2,300 former workers of Caterpillar Solar Gosselies and of several Caterpillar suppliers find new jobs. EU Commissioner for Employment, Social Affairs, Skills and Labour Mobility Marianne Thyssen commented: "Thanks to the €4.6

Capital Markets Union: Crowdfunding, FinTech and Sustainability

s part of its efforts to build a Capital Markets Union the Commission presented a new series of actions that aim to connect finance with the specific needs of the European economy and to enable the financial sector to make use of the rapid advances in new technologies. Action Plan on

Capital Markets Union: new rules for investment firms

The European Commission proposes a two-track overhaul to make life simpler for smaller investment firms, while bringing the largest, systemic ones under the same regime as European banks. Investment firms and the services they provide are vital to a well-functioning Capital Markets Union (CMU). Alongside banks, EU capital markets rely

What is a Hedge Fund?

Hedge funds are alternative investments using pooled funds that employ numerous different strategies to earn active return, or alpha, for their investors. Hedge funds may be aggressively managed or make use of derivatives and leverage in both domestic and international markets with the goal of generating high returns (either in

Towards safer and more innovative electronic payments

he Commission has today adopted rules that will make electronic payments in shops and online safer. This will also allow consumers to access more convenient, cost-effective and innovative solutions offered by payment providers. These rules implement the EU's recently-revised Payment Services Directive (PSD2) which aims to modernize Europe's payment services

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