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Saturday 02.08.2014 | Name days: Stefans, Normunds

More than 2.2 billion people live in poverty in the world

More than 2.2 billion people in the world live in poverty or just on the brink of poverty. The situation is only made worse by financial crises, natural catastrophes, growing prices on food products and armed conflicts, as reported by the UN.

72-hour truce commenced in Gaza

Israel and Palestinian Islamist movement Hamas early on August 1 commenced an unconditional 72-hour humanitarian truce in Gaza strip.

Vast flooding in Romania

Heavy rainfall in Romania's south-west has caused floods and evacuation of hundreds of people from their homes.

Argentina defaults on debt for second time in 12 years

Argentina for the second time in the last 12 years is unable to pay its dept. The situation might deepen the recession of Latin America's third largest economy and fuel its inflation.

Catalonia's corruption scandal endangers efforts to separate from Spain

The former Prime Minister of Spain's Autonomous Community of Catalonia has admitted he avoided paying taxes of 34 years. Jordi Pujol is considered to be the father of Catalonia's independence efforts, which now, prior to an independence vote, have suffered a blow.

TOP 5 advertisement masterpieces of Cannes Lions 2014

This year’s biggest annual awards show and festival for professionals in the creative communications industry Cannes Lions has ended. Every year, it gathers thousands of the world’s most creative minds, and emotions usually overflow the show.

Denmark and Germany benefit most from EU single market

Denmark and Germany are the countries that have benefited most from the European single market since its establishment in 1992, a study published on June 27 shows.

Ukraine: Airliner downed with missile, black box data show

Data recorded by the black boxes of Malaysian airliner MH17 indicate that the plane was downed by missile shrapnel, spokesman of Ukrainian security service said on July 28.

EU leaders agree to expand sanctions against Russia

This Monday, July 28th, ambassadors of EU countries agreed to expand sanctions against Russia, increasing the list of persons against whom sanctions will be applied, as reported by diplomats.

Kalniete: if Ukraine loses the war, Putin’s appetite will turn towards Baltic States

The current war in Eastern Ukraine is crucial to Russian President Vladimir Putin, his intentions and the safety of Baltic States, believes Latvian MEP Sandra Kalniete.

International court rules in favour of Yukos, orders Russia to pay EUR 37 billion

The Hague's Permanent Court of Arbitration in the Netherlands, is expected to announce on July 28 that has ruled in favour of a group of shareholders in a claim of the defunct oil giant Yukos against Russia, awarding compensation of about EUR 37 billion.

Israel and Palestine criticise ceasefire demanded by UN

The UN Security Council on July 28 called on warring sides in Gaza to enact immediate, unconditional humanitarian ceasefire.

Krutoy: I say one word and there won’t be a New Wave

This autumn, organizer of the New Wave contest Russian composer Igor Krutoy will decide if New Wave remains in Jurmala for the future.