Summary of the week. October 29- November 4: Overview of events and expert assessments

06 November 2018

A new trade deal between the U.S. and China

U.S. President Donald Trump is planning to suggest a new version of the trade agreement between the two countries to Chinese President Xi Jinping at the upcoming Group of 20 summit in Argentina, informs Bloomberg.

Opinions of experts on that matter have divided. Some view importance of making the trade agreement with optimism, others consider it a pre-election trick by Trump in order to increase his stock before the elections and later accuse President Xi of breaking the deal. “I would not believe this story for a second”, - stated Head of Financial Markets Research Asia-Pacific at Hong Kong Rabobank Michael Every. Head of Asia-Pacific Economies at Scotiabank in Singapore Tuuli McCulli called this news “encouraging”.

Armenian parliament was dissolved

Armenian President Armen Sarkissian signed a decree to dissolve the parliament and set new elections to the legislative body for December 9, his press service said in a statement.

A political crisis broke out in Armenia because of the intent of former Prime Minister Nikola Pashinyan, who had come to power on the wave of protests, to hold early parliamentary elections.

According to the Constitution of Armenia, the parliament should be dissolved if after resignation of the prime minister the parliament fails twice to elect the new prime minister. However, several parties passed a law, which makes disseverment of the parliament more difficult.

Expert: America is edging closer to a civil war

The U.S is in the state of political contradictions and after the presidential elections of 2020 the country might face a civil war. This statement was made by British historian, Professor of Harvard University Neill Ferguson in an article, published by the Sunday Times.

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