The world's financial markets collapsed
On March 12, stock markets experienced a record drop in quotations. The leading American indexes lost 9.5–10 %, European ones fell by 12-17 %, and Russian ones fell by 8.3-11…

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Luxembourg became the first country in the world with free public transport
Buses, trams and trains in the country are now free, and you don't need to buy a ticket. Luxembourg became the first country in the world to make public transport…

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Montenegro approved the first applications for citizenship by investment
According to the press service of Henley & Partners, the first application was considered only three months. The government of Montenegro approved the applications of three investors for citizenship. The…

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reasons

The fed lowered its interest rate due to risks to the US economy

The regulator took emergency measures in connection with the spread of the coronavirus and the fall of markets. For the first time since the 2008 financial crisis, the rate decision was made at an emergency meeting. Donald trump is in favor of even more base rate cuts.

The us Federal reserve, which serves as the country’s Central Bank, lowered the interest rate by 50 basis points to 1 – 1.25% on March 3 as a measure of economic stimulus. The decision was made after an emergency meeting.

The US economy remains strong, but the spread of the coronavirus poses growing risks to economic activity, the fed said in a statement. Continue reading

Saint Kitts and Nevis and Dominica to accept online applications for citizenship by investment

The demand for citizenship in Caribbean countries has increased sharply against the background of the pandemic, writes Caribbean 360.

Two other Caribbean countries, Saint Kitts and Nevis and Dominica, have started accepting applications online for the citizenship by investment program. Earlier, the same decision was made by Grenada. These measures are taken in connection with the spread of the coronavirus. Continue reading

In new York, large brokerage companies acquire smaller firms
Mergers and acquisitions are the most significant trend in the new York real estate market, writes Forbes. Amid the panic, big players are buying up small companies. In new York,…

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International hotel investment forum IHIF in Berlin postponed due to coronavirus
The IHIF forum, which was scheduled to take place next week in the German capital, has been moved to may 2020, according to event organizers. Organizers Of the international hotel…

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The fed lowered its interest rate due to risks to the US economy
The regulator took emergency measures in connection with the spread of the coronavirus and the fall of markets. For the first time since the 2008 financial crisis, the rate decision…

...

The number of countries transmitting information about tax residents to Russia has increased
The organization for economic cooperation and development (OECD) continues to fight tax evasion and illegal profit-withdrawal schemes. One of the methods is the automatic exchange of information about foreign accounts,…

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