Researchers at the University of Jena analysed the psychological effects of travelling. According to the obtained data, a change of location often has a positive effect on people. Experts say that travelling changes your personality for the better. In this article, they highlight positive changes that happen to travel lovers.

Travel broadens your mind
Travels, especially not planned ones, help to build your resistance to stress. They literally open your eyes. Regardless of what we are doing during our journey, it fills our life with new feelings, gives us invaluable experience and knowledge. “In order to have a successful journey, you should open your mind, watch the world with wide-open eyes and respect the customs of other countries, though it is not necessary to adjust yourself to a new reality. Thus, we get a unique experience which restores power and makes us happier,” experts say.

New friends
Experts also believe that it is much easier to make friends during travels abroad than in everyday life. We meet different people while travelling. It makes us extroverts. It feels right to speak to strangers and we communicate easily. We interact closely with different cultures, traditions, and different groups of people. According to experts, it greatly broadens people’s worldview and changes the perception of the surrounding reality.

Breaking out of your comfort zone and overcoming challenges
Setting off on a journey, we leave our comfort zone. No one is protected against surprises even if they have a carefully thought-out plan. We learn how to solve problems in an unfamiliar situation by integrating into a foreign culture and a different way of life. It helps to become more flexible, patient, and emotionally strong as well as to boost our self-esteem. Scientists mention that after the rest it is easier to adapt to difficult situations in the future. There is nothing risky to go beyond your habits. Afterwards, this skill will be useful in everyday life.

Creative abilities development
Visiting new amazing places and watching a natural diversity can help to reveal creative qualities in a person. Communication with new people and acquaintance with their culture can also enhance your creative abilities. Some masterpieces may be born due to the inspiration. It is especially true for people with creative jobs.

The ability to appreciate every moment of life
A rest from the everyday hustle and bustle helps to rethink priorities and look at life from a different angle. We start to appreciate things taken for granted. It creates gratitude in the soul and makes us feel happier. Experts say that by leaving our familiar surroundings and our loved ones, we learn to value them more.They also point out that when people see each other after a long journey, their meeting is full of positive emotions.

Unforgettable impressions

Most travellers are enthusiasts who return from one journey and plan another. You will always recall pleasant moments of your wanderings. This type of people is always ready to go on a journey for new impressions at any time. They may relive some lovely moments of their journey again by looking through the photos or watching videos from the trip. Experts believe that positive feelings from the journey help people to work more productively.

Responsibility for your actions
While travelling, remember that all your actions have consequences. They sometimes can be quite serious. For example, if you break the schedule, you can be late for the flight and this will change your travel plans. However, a little stress can be helpful to adapt to life in another country. It makes us more organized and responsible. Mark Twain once said: “Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”

https://instaforex.livejournal.com/1998551.html

While the whole world avoids cooperating with Huawei, Russia has signed a deal with the Chinese tech company to build a 5G wireless network. Remarkably, the authorities of several countries have published strong evidence that China’s manufacturer is no longer a commercial company but a unit of the county’s intelligence service. Back in February, US intelligence agencies warned American citizens that it was dangerous to use smartphones made by Huawei. The FBI, the CIA, the NSA, and the National Intelligence Agency expressed an opinion that the producer works for China’s government and was involved in espionage. After that, the US officially appealed to the allies to abolish the use of Huawei products. The White House called the situation alarming as the security of American military bases located in Germany, Italy and Japan is in jeopardy. However, Russia does not care about such a turn of events and is ready to cooperate with Huawei. MTS President Alexei Kornya and Huawei Chairman Guo Ping signed the agreement, with Russian President Vladimir Putin and Chinese leader Xi Jinping watching. Mr Kornya said that thanks to the long-standing mutually beneficial relations, MTS and Huawei continued to strengthen their market positions. "Today, with the signing of the 5G development agreement, our partnership is reaching a new level — we not only give impetus to the strategic cooperation of the two high-tech companies, creating the basis for the commercial use of 5G networks in Russia in the very near future, but also contribute to the further development of trade and economic relations between Russia and China," the MTS president added.

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There are many unique places on the planet that attract travelers. However, trips to some of them should not be postponed as they may disappear soon according to the estimates of environmental experts. See five of these territories in our photo gallery

Mount Kilimanjaro (Tanzania)
The unique ice shell on the peak of this amazing mountain is steadily melting. In the nearest future, Kilimanjaro may lose its ice cover. Over the last century, the area of the glacier has decreased by more than 85%. Nowadays, this process has become catastrophic. Environmental experts warn that this glacier may disappear in 20 years.

The Dead Sea (Israel)
The amazing water formation is located in the deepest cavity in the world. However, with every passing year, the sea subsides lower and lower. The speed of this process is 1 meter per year. According to experts, the reasons for it are a weak flow of water from the Jordan River as well as the active use of water for agricultural and industrial needs. In several decades, the Dead Sea has shrunk by one third, ecologists say.

Tuvalu island country
This tiny island country with a population of merely 10 thousand people may also cease to exist. It is located in the Pacific Ocean near Australia. The government of Tuvalu asked the Australian authorities to provide shelter to all residents in case of a possible evacuation. During tropical storms, huge waves flood the island almost completely. As a result, the population loses the few remaining sources of fresh water. The UN forecasts that Tuvalu will be entirely covered by water by 2050.

Venice (Italy)
Nowadays, this Italian city is flooded occasionally. At least five times a year, Piazza San Marco, the main square of Venice, becomes hidden under water. Environmental experts fear that the situation may deteriorate. According to researchers, Venice submerges at a speed of 2 mm per year. It is happening because the level of the Adriatic Sea rises, and Venetian buildings subside gradually.

The Maldives
The rising sea level puts a serious threat to the Maldives. The archipelago is slightly elevated above the water surface. The highest point of the Maldives is no more than 2.5 m above sea level. In 2004, a large tsunami with the epicenter of three thousand kilometers away from the Maldives caused irreparable damage to the territory. A lot of coral atolls submerged completely. Now it is crucial for residents of the Maldives to stop the destruction of coral reefs. They are natural wave cutters that prevent the islands from sinking to the bottom of the ocean.

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The tariffs war makes China to ratchet up the gold stockpiles. Basically, the precious metal has always had a special place in the reserves of the People’s Bank of China regardless of trade conflicts. In the past six years the government has been actively buying gold. The only month when purchases were not made was September 2016. In May this year, the monthly volume of purchases hit the highest level in over two years. “It’s a diversification away from the US dollar, particularly given the trade tensions and the potential technology cold war that’s evolving,” said Bart Melek from TD Securities. “We have to remember that gold is nobody’s liability.” Such a robust gold-buying spree pushed China to the top places in the list of the countries having the largest bullion reserves such as Russia and India. Remarkably, even these high levels can be inaccurate as some experts estimate that the real volumes of China’s gold stockpiles are much bigger.

Amid these facts, it is quite logical that the London Bullion Market Association decided to hold an annual conference in the Chinese city of Shenzhen. Surely enough, participants of this event will have a lot to discuss, bearing in mind a large scale of the Chinese bullion market. Such an issue as the pricing on this market can also be relevant at the conference. Nowadays, the prices are still formed on the commodities exchanges in London and New York. Probably, it is because this way is more convenient for China.

Read more: https://www.mt5.com/forex_humor/image/41979

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There are so many amazing and mysterious places on our planet that remain scarcely explored by humans. They fascinate our imagination beguiling us into a journey to reveal their secrets. Some enthusiasts make attempts to research them. Nevertheless, the exploration of these places is not an easy task. We are going to tell you about seven insufficiently studied but remarkable places of the globe.

Antarctica

Antarctica is the coldest place on Earth. The air temperature varies from -10°C to -30°C. The lowest temperature recorded in Antarctica was -89°C. It is the coldest and windiest continent in the world. Due to its harsh climate explorers are unable to fully examine this mysterious place. Antarctica has a lot of secrets. The average thickness of the ice crust reaches 2.5 km, and the thickness of the ice sheets exceeds 3.2 km. The surface located under the ice conceals many archaeological artifacts of the historic period when Antarctica had no ice.

Amazon Rainforest (South America)

The Amazon rainforest makes up for around 50% of all forests on the planet. The area of the forest reaches 6.47 million sq. km. Biodiversity and rare species of animals of this place are of interest to most scientists. The Amazonian rainforest is not fully studied. It rains all year in the rainforests, leading to a sharp rise in the river water level. Therefore, it is very unsafe to cross the river due to the extreme underwater currents. This place is inhabited by dangerous animals such as jaguars, rattlesnakes, wandering spiders, piranhas, black caimans, and anacondas.

Caves of Yucatan (Mexico)

There is a huge variety of caves in the world e.g. crystal or snow caves. They are very difficult to research and extremely hazardous for expeditions because of possible drastic changes in terrain. Additionally, their exploration is quite challenging due to severe weather conditions, sharp slippery stones, heat, and high humidity. Some underwater caves such as the flooded caves of Yucatan in Mexico and the sanctuary of the Maya are not inhabited by living creatures as the conditions there are not adapted for life and hazard.

Sahara desert

According to scientists, most of the deserts are difficult to explore due to the harsh weather conditions. Extreme temperature changes occur quite frequently in these areas: the day can be very hot while the night may be unbearably cold. Such conditions are arduous for plants, animals, and people. The Sahara is the hottest desert in the world. It is located in Africa. The amount of annual precipitation in this dessert as in many others tends to zero.

Gangkhar Puensum (Bhutan)

Gangkhar Puensum is the highest unconquered mountain peak in the world. The height of this peak reaches 7570 m. The number of registered expeditions to Gangkhar Puensum amounts to four: in 1983, 1985, 1986, and 1994. All of them were unsuccessful due to heavy snowfall and severe weather conditions. In 2004, the Bhutanese authorities banned the climb on Gangkhar Puensum because the mountain is sacred to the local population. It remains unexplored.

Mariana Trench (Pacific ocean)

The Mariana Trench is the deepest place on the planet. It is located in the Western Pacific Ocean. This wonder was formed millions of years ago. The Challenger Deep is the deepest known point. It goes down more than 11 km. The Marianas Trench is hard to explore because of large depth and high pressure. This is the habitat of deep-sea creatures and rare minerals. At the bottom of the Mariana Trench, there are fossils that are over a million years old. The inaccessibility of this place makes it almost impossible to study.

Greenland
Greenland is recognized as the largest island in the world. A significant part of the land is covered by ice caps which slightly smaller than the ice sheets. This place is practically unexplored. Ice layers in Greenland with a thickness of 3200 meters are about 100 thousand years old. Apart from glaciers and glacial rivers, there are thermal springs there. Greenland is well known for its Northern lights and white nights. The unstable climate makes the island one of the most unexplored places on Earth.

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Boris Johnson, an odious British politician and one of the frontrunners to be the UK next prime minister, skilfully exploits the situation of lingering Brexit. Not only all participants of the deal are largely fed up with an ongoing exit of the United Kingdom from the EU, but also outside observers.

So far, the Brexit process had been stuck for many times, and no one had managed to find a way out. Theresa May, the former UK Prime Minister, even lost her position over the disagreements with the Parliament regarding this issue. Now the candidates for Prime Minister’s post promise to take actions and decide how exactly London will solve the question with Brussels.

Boris Johnson also actively participates in Brexit talks. He promises not to pay the divorce bill so easily. As a matter of fact, the latest estimate for the size of the UK’s divorce bill with the EU is 50 billion dollars, a quite large amount even for Britain. Johnson insists that Brussels will get no compensation until London is offered a new completely satisfying agreement on withdrawal from the European Union.

The former Prime Minister said that it always seemed to be weird to pay the whole bill until the deal was concluded. He was a hard Brexetier while working at the Ministry of Foreign Affairs. Boris Johnson resigned as he could not agree with May’s approach to Brexit.

Read more: https://www.mt5.com/forex_humor/image/41958

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Boris Johnson, an odious British politician and one of the frontrunners to be the UK next prime minister, skilfully exploits the situation of lingering Brexit. Not only all participants of the deal are largely fed up with an ongoing exit of the United Kingdom from the EU, but also outside observers.

So far, the Brexit process had been stuck for many times, and no one had managed to find a way out. Theresa May, the former UK Prime Minister, even lost her position over the disagreements with the Parliament regarding this issue. Now the candidates for Prime Minister’s post promise to take actions and decide how exactly London will solve the question with Brussels.

Boris Johnson also actively participates in Brexit talks. He promises not to pay the divorce bill so easily. As a matter of fact, the latest estimate for the size of the UK’s divorce bill with the EU is 50 billion dollars, a quite large amount even for Britain. Johnson insists that Brussels will get no compensation until London is offered a new completely satisfying agreement on withdrawal from the European Union.

The former Prime Minister said that it always seemed to be weird to pay the whole bill until the deal was concluded. He was a hard Brexetier while working at the Ministry of Foreign Affairs. Boris Johnson resigned as he could not agree with May’s approach to Brexit.

Read more: https://www.mt5.com/forex_humor/image/41958

https://instaforex.livejournal.com/1997089.html

Boris Johnson, an odious British politician and one of the frontrunners to be the UK next prime minister, skilfully exploits the situation of lingering Brexit. Not only all participants of the deal are largely fed up with an ongoing exit of the United Kingdom from the EU, but also outside observers.

So far, the Brexit process had been stuck for many times, and no one had managed to find a way out. Theresa May, the former UK Prime Minister, even lost her position over the disagreements with the Parliament regarding this issue. Now the candidates for Prime Minister’s post promise to take actions and decide how exactly London will solve the question with Brussels.

Boris Johnson also actively participates in Brexit talks. He promises not to pay the divorce bill so easily. As a matter of fact, the latest estimate for the size of the UK’s divorce bill with the EU is 50 billion dollars, a quite large amount even for Britain. Johnson insists that Brussels will get no compensation until London is offered a new completely satisfying agreement on withdrawal from the European Union.

The former Prime Minister said that it always seemed to be weird to pay the whole bill until the deal was concluded. He was a hard Brexetier while working at the Ministry of Foreign Affairs. Boris Johnson resigned as he could not agree with May’s approach to Brexit.

Read more: https://www.mt5.com/forex_humor/image/41958

https://instaforex.livejournal.com/1997089.html

The Ethereum cryptocurrency, the second in terms of capitalization and the level of demand, claim leadership in the field of digital assets. Expert believe that it has everything to do this

Most experts agree that Ethereum, the second-most popular cryptocurrency, has enormous potential. It is considered to be very promising. Analysts note a number of advantages due to which this virtual currency may over time replace the leader of the digital market - bitcoin.

Availability of improved applications

Acording to its developers, the blockchain system, created on the basis of Ethereum (ETH) was designed not to generate revenue, but to improve the cryptosphere. Over time, convenient applications favoured by most users appeared on the basis of Ethereum.

Transition to the Proof-of-Stake consensus algorithm

Ethereum founder Vitalik Buterin is trying to do everything to ensure that the outdated Proof-of-Work consensus algorithm is replaced by a less expensive and high-speed system, Proof-of-Stake. The creator of cryptocurrency number two and the development team are looking for ways to reduce the cost of transactions. They are striving to make the system more user-friendly. Experts believe that the Proof-of-Stake algorithm will contribute to this matter.

High availability of ETH tokens

Most users can purchase ETH tokens. Unlike bitcoin, they are more affordable. However, the task would be simplified considerably if Ethereum was available for purchase in ordinary stores. This is an interesting idea which is difficult to implement. The developers of Ethereum are working towards that end. In this case, this digital asset will become an international currency and serve as a multipurpose payment method. It should be reminded that digital currencies were created as a bridge between traditional money and virtual means of payment.

Using Ethereum outside the cryptosphere

Many people are wary of blockchain technology. The developers of Ethereum set sights on helping users figure out in this issue and show benefits of this innovation. The blockchain technology is gradually conquering the global marketplace. However, experts point out that the cryptosphere is still rather disorganized. Ideally, Ethereum is supposed to be used in various fields of economics beyond the digital currency market.

Activity on the Internet and social media

Experts consider that in the future users of social media will find a use for Ethereum: they will sell ETH tokens, exchange them for fiat money, as well as pay for various services in the cryptocurrency. They do not preclude the emergence of a social network based on Ethereum. According to experts, it would be a significant step for further advancement of the digital currency. The first steps in this direction have already been taken.

https://instaforex.livejournal.com/1996953.html

The Ethereum cryptocurrency, the second in terms of capitalization and the level of demand, claim leadership in the field of digital assets. Expert believe that it has everything to do this

Most experts agree that Ethereum, the second-most popular cryptocurrency, has enormous potential. It is considered to be very promising. Analysts note a number of advantages due to which this virtual currency may over time replace the leader of the digital market - bitcoin.

Availability of improved applications

Acording to its developers, the blockchain system, created on the basis of Ethereum (ETH) was designed not to generate revenue, but to improve the cryptosphere. Over time, convenient applications favoured by most users appeared on the basis of Ethereum.

Transition to the Proof-of-Stake consensus algorithm

Ethereum founder Vitalik Buterin is trying to do everything to ensure that the outdated Proof-of-Work consensus algorithm is replaced by a less expensive and high-speed system, Proof-of-Stake. The creator of cryptocurrency number two and the development team are looking for ways to reduce the cost of transactions. They are striving to make the system more user-friendly. Experts believe that the Proof-of-Stake algorithm will contribute to this matter.

High availability of ETH tokens

Most users can purchase ETH tokens. Unlike bitcoin, they are more affordable. However, the task would be simplified considerably if Ethereum was available for purchase in ordinary stores. This is an interesting idea which is difficult to implement. The developers of Ethereum are working towards that end. In this case, this digital asset will become an international currency and serve as a multipurpose payment method. It should be reminded that digital currencies were created as a bridge between traditional money and virtual means of payment.

Using Ethereum outside the cryptosphere

Many people are wary of blockchain technology. The developers of Ethereum set sights on helping users figure out in this issue and show benefits of this innovation. The blockchain technology is gradually conquering the global marketplace. However, experts point out that the cryptosphere is still rather disorganized. Ideally, Ethereum is supposed to be used in various fields of economics beyond the digital currency market.

Activity on the Internet and social media

Experts consider that in the future users of social media will find a use for Ethereum: they will sell ETH tokens, exchange them for fiat money, as well as pay for various services in the cryptocurrency. They do not preclude the emergence of a social network based on Ethereum. According to experts, it would be a significant step for further advancement of the digital currency. The first steps in this direction have already been taken.

https://instaforex.livejournal.com/1996953.html

The Ethereum cryptocurrency, the second in terms of capitalization and the level of demand, claim leadership in the field of digital assets. Expert believe that it has everything to do this

Most experts agree that Ethereum, the second-most popular cryptocurrency, has enormous potential. It is considered to be very promising. Analysts note a number of advantages due to which this virtual currency may over time replace the leader of the digital market - bitcoin.

Availability of improved applications

Acording to its developers, the blockchain system, created on the basis of Ethereum (ETH) was designed not to generate revenue, but to improve the cryptosphere. Over time, convenient applications favoured by most users appeared on the basis of Ethereum.

Transition to the Proof-of-Stake consensus algorithm

Ethereum founder Vitalik Buterin is trying to do everything to ensure that the outdated Proof-of-Work consensus algorithm is replaced by a less expensive and high-speed system, Proof-of-Stake. The creator of cryptocurrency number two and the development team are looking for ways to reduce the cost of transactions. They are striving to make the system more user-friendly. Experts believe that the Proof-of-Stake algorithm will contribute to this matter.

High availability of ETH tokens

Most users can purchase ETH tokens. Unlike bitcoin, they are more affordable. However, the task would be simplified considerably if Ethereum was available for purchase in ordinary stores. This is an interesting idea which is difficult to implement. The developers of Ethereum are working towards that end. In this case, this digital asset will become an international currency and serve as a multipurpose payment method. It should be reminded that digital currencies were created as a bridge between traditional money and virtual means of payment.

Using Ethereum outside the cryptosphere

Many people are wary of blockchain technology. The developers of Ethereum set sights on helping users figure out in this issue and show benefits of this innovation. The blockchain technology is gradually conquering the global marketplace. However, experts point out that the cryptosphere is still rather disorganized. Ideally, Ethereum is supposed to be used in various fields of economics beyond the digital currency market.

Activity on the Internet and social media

Experts consider that in the future users of social media will find a use for Ethereum: they will sell ETH tokens, exchange them for fiat money, as well as pay for various services in the cryptocurrency. They do not preclude the emergence of a social network based on Ethereum. According to experts, it would be a significant step for further advancement of the digital currency. The first steps in this direction have already been taken.

https://instaforex.livejournal.com/1996953.html

It’s hard to believe, but the US investors put in hefty sums in Russia’s projects. According to the Europe Attractiveness Survey conducted by the EY consulting group, the country that chose the biggest number of Russian investment projects in 2018 was the United States. Trust the Russian media to exaggerate the importance of this news. Allegedly, the US investors line up to put their money in Russia. Surely, it is not so, but the fact remains that the Americans showed an unexpected interest in Russia's investment projects, so that their number sharply increased to 33 while the previous number was 19. Germany took the second place in the list of the countries that find Russia attractive for investments. It invested in 24 projects. Remarkably, China, that is considered to be Russia’s strategic partner, put in money in just 19 projects that was 70% less than the previous figure. However, these seemingly upbeat statistics do not change the overall situation. The outflow of both foreign and domestic capital from Russia continues rising. Some investors don’t want to risk their money and reputation.

Read more: https://www.mt5.com/forex_humor/image/41943

https://instaforex.livejournal.com/1996776.html

It’s hard to believe, but the US investors put in hefty sums in Russia’s projects. According to the Europe Attractiveness Survey conducted by the EY consulting group, the country that chose the biggest number of Russian investment projects in 2018 was the United States. Trust the Russian media to exaggerate the importance of this news. Allegedly, the US investors line up to put their money in Russia. Surely, it is not so, but the fact remains that the Americans showed an unexpected interest in Russia's investment projects, so that their number sharply increased to 33 while the previous number was 19. Germany took the second place in the list of the countries that find Russia attractive for investments. It invested in 24 projects. Remarkably, China, that is considered to be Russia’s strategic partner, put in money in just 19 projects that was 70% less than the previous figure. However, these seemingly upbeat statistics do not change the overall situation. The outflow of both foreign and domestic capital from Russia continues rising. Some investors don’t want to risk their money and reputation.

Read more: https://www.mt5.com/forex_humor/image/41943

https://instaforex.livejournal.com/1996776.html

Acting US President Donald Trump is known as an outstanding businessman and entrepreneur who has achieved incredible success in the construction, gambling and hotel industries. To date, the financial state of the American president is estimated at several billion dollars. However, Trump was not always that lucky: in our photo gallery, we will present you six cases of bankruptcy that a businessman faced.

The world community knows Donald Trump as a successful businessman, entrepreneur, and the president of the United States of America. However, not many people know that during his life he has repeatedly failed in business declaring himself bankrupt six times. In our photo article, we will tell you more about all the bankruptcies of the 45th President of the United States.

Taj Mahal, 1991
Taj Mahal is an entertainment community complex in Atlantic City, New Jersey, USA. The complex, which includes hotels, restaurants and sports arenas, is owned by Trump Entertainment Resorts. In 1989, Donald Trump launched a casino construction project attracting $1 billion in investment. Investment in the project represented a classic pyramid.
In 1991, the project accumulated a huge amount of debt which led to bankruptcy.

Trump Castle Hotel&Casino, 1992
Until 2004, the company known as Trump Hotels and Casino Resorts was owned by Donald Trump, now the chain of casinos belongs to Icahn Enterprises L.P.
In the mid-90s, Donald Trump tried to restore his position in the American business market by conducting an IPO of this company. At that time, it included three casinos: Trump Plaza, Trump's Castle and Trump Taj Mahal. Due to this, Trump's share in the company was estimated at 41% and $400 million. Despite this, the casino chain constantly got into debt and declared bankruptcy four times (in 1991, 2004, 2009 and 2014).

Trump Plaza Casino, 1992
The casino was opened in May 1984, after Trump signed an agreement to build a casino with Harrah's Entertainment. Plaza Casino was one of the two Trump casinos in Atlantic City. In 1992, it filled out a bankruptcy application together with the Castle Hotel&Casino.
And in 2014, Trump Plaza was closed, as a result of which more than 1 thousand people lost their jobs.

Trump Plaza Hotel, 1992
The hotel was opened in 1984, but it turned out to be very expensive and luxurious, and too inaccessible for the population of the northeastern United States at that time. A lot of luxury rooms were left unused for most of the year. As a result, Donald Trump decided to bankrupt this hotel. It is noteworthy that at the time of signing the application for bankruptcy, the hotel’s debts amounted to over $550 million.

Trump Hotels and Casino Resorts, 2004
In 1995, Donald Trump registers a holding company for Trump's three casinos, Trump Plaza, Trump's Castle and Trump Taj Mahal. This new company opened a casino in New York and Indiana and also participated in the promotion of the gambling business in California. In 2004, Trump Hotels and Casino Resorts went bankrupt and then was renamed Trump Entertainment Resorts. In 2016, a large number of company's shares was acquired by Icahn Enterprises.

Trump Entertainment Resorts, 2009
Trump's building empire has undergone many shocks due to the impact of the 2008 global crisis. The sharp drop in sales led to Trump's inability to repay a $40 million loan. Despite the fact that the billionaire could pay off the debt from personal funds, Donald Trump chose to again declare bankruptcy, noting the financial crisis as a force majeure circumstance. In 2009, Trump left the board of directors of his own company.

https://instaforex.livejournal.com/1996363.html

Acting US President Donald Trump is known as an outstanding businessman and entrepreneur who has achieved incredible success in the construction, gambling and hotel industries. To date, the financial state of the American president is estimated at several billion dollars. However, Trump was not always that lucky: in our photo gallery, we will present you six cases of bankruptcy that a businessman faced.

The world community knows Donald Trump as a successful businessman, entrepreneur, and the president of the United States of America. However, not many people know that during his life he has repeatedly failed in business declaring himself bankrupt six times. In our photo article, we will tell you more about all the bankruptcies of the 45th President of the United States.

Taj Mahal, 1991
Taj Mahal is an entertainment community complex in Atlantic City, New Jersey, USA. The complex, which includes hotels, restaurants and sports arenas, is owned by Trump Entertainment Resorts. In 1989, Donald Trump launched a casino construction project attracting $1 billion in investment. Investment in the project represented a classic pyramid.
In 1991, the project accumulated a huge amount of debt which led to bankruptcy.

Trump Castle Hotel&Casino, 1992
Until 2004, the company known as Trump Hotels and Casino Resorts was owned by Donald Trump, now the chain of casinos belongs to Icahn Enterprises L.P.
In the mid-90s, Donald Trump tried to restore his position in the American business market by conducting an IPO of this company. At that time, it included three casinos: Trump Plaza, Trump's Castle and Trump Taj Mahal. Due to this, Trump's share in the company was estimated at 41% and $400 million. Despite this, the casino chain constantly got into debt and declared bankruptcy four times (in 1991, 2004, 2009 and 2014).

Trump Plaza Casino, 1992
The casino was opened in May 1984, after Trump signed an agreement to build a casino with Harrah's Entertainment. Plaza Casino was one of the two Trump casinos in Atlantic City. In 1992, it filled out a bankruptcy application together with the Castle Hotel&Casino.
And in 2014, Trump Plaza was closed, as a result of which more than 1 thousand people lost their jobs.

Trump Plaza Hotel, 1992
The hotel was opened in 1984, but it turned out to be very expensive and luxurious, and too inaccessible for the population of the northeastern United States at that time. A lot of luxury rooms were left unused for most of the year. As a result, Donald Trump decided to bankrupt this hotel. It is noteworthy that at the time of signing the application for bankruptcy, the hotel’s debts amounted to over $550 million.

Trump Hotels and Casino Resorts, 2004
In 1995, Donald Trump registers a holding company for Trump's three casinos, Trump Plaza, Trump's Castle and Trump Taj Mahal. This new company opened a casino in New York and Indiana and also participated in the promotion of the gambling business in California. In 2004, Trump Hotels and Casino Resorts went bankrupt and then was renamed Trump Entertainment Resorts. In 2016, a large number of company's shares was acquired by Icahn Enterprises.

Trump Entertainment Resorts, 2009
Trump's building empire has undergone many shocks due to the impact of the 2008 global crisis. The sharp drop in sales led to Trump's inability to repay a $40 million loan. Despite the fact that the billionaire could pay off the debt from personal funds, Donald Trump chose to again declare bankruptcy, noting the financial crisis as a force majeure circumstance. In 2009, Trump left the board of directors of his own company.

https://instaforex.livejournal.com/1996363.html

China's exports rebounded surprisingly in May despite the fact that the US raised tariffs. On the flip side, imports hit a low in almost three years which indicates weak domestic demand. It may prompt Beijing to step up stimulus measures.

China’s exports climbed 1.1% in May year-on-year, customs data showed. Analysts had expected a slight decrease. "We expect export growth in June, likely supported by continued front-loading of US-bound exports, but it should then tumble in the third quarter, when we expect the threatened tariffs to be imposed", economists at Nomura said.

They anticipate Beijing will likely expand its stimulus measures to stabilize financial markets and GDP growth.

Though China is less dependent on export sales nowadays, they still account for almost a fifth of GDP. Chinese imports in May were much weaker than expected, falling by 8.5% and showing the sharpest drop since July 2016. Analysts had forecast a more moderate decline by 3.8%.

That left the country with a trade surplus of $41.65 billion in May.

Read more: https://www.mt5.com/forex_humor/image/41899

https://instaforex.livejournal.com/1996127.html

Rich people who have achieved success recommend beginners to pay attention to several simple rules that can help them get ahead in any field. They advise to concentrate on their project and keep in mind seven key aspects.

Grab the chance
The businesspeople who have achieved success believe that you should grab every opportunity that opens up to you. Experts are sure that there will be no second chance. The ambitiousness and perseverance are distinctive traits of wealthy people.

Don't be afraid to start your own business

According to experts, it is the fear of failure that often dents businesspeople's willpower and prevents them from realizing their full potential. Moreover, the fear of starting a business cracks down on endeavours. To cope with it, you need to take the first step. The key to success is business activity, experts remind.

Banish negative thoughts from your mind
Analysts say that beginning businesspeople should try to surpress negative mood and avoid panic thoughts. Anxiety saps will, takes off work, and ultimately hinder career growth and new ideas.

Be prepared for risk and failures
Successful businessmen should learn to overcome possible failures. They should be ready to face the collapse of their business. It is important to be able to recover and start from scratch. Risk is an essential part of any business. It is an integral part of every successful project. To risk is to be able to leave the comfort zone. The main thing is to be brave enough to risk and meet the unknown.

Make up a step-by-step business plan
When it comes to business, planning is a very important aspect. You need to factor in everything when drawing up your business plan. Successful businesspeople advise to draw up their actions in the form of a step-by-step plan. It should take into account all possible risks and weak points.

Be confident
Self-confidence is the most important trait of any entrepreneur. It is very difficult to keep up with rivals without a sense of self-righteousness and faith in success. Success favors the strong ones, so you need to be strong. The reward for these efforts will be a stable business with a hefty income, experts say.

Be in touch with like-minded and influential people
To achieve success, you need to communicate with like-minded people who share your views. What is more important you should be in touch with influential people who can support your project. Experts believe that the right environment has a great impact on the business and its promotion. Human interaction is the most valuable asset.

https://instaforex.livejournal.com/1995914.html

China's exports rebounded surprisingly in May despite the fact that the US raised tariffs. On the flip side, imports hit a low in almost three years which indicates weak domestic demand. It may prompt Beijing to step up stimulus measures.

China’s exports climbed 1.1% in May year-on-year, customs data showed. Analysts had expected a slight decrease. "We expect export growth in June, likely supported by continued front-loading of US-bound exports, but it should then tumble in the third quarter, when we expect the threatened tariffs to be imposed", economists at Nomura said.

They anticipate Beijing will likely expand its stimulus measures to stabilize financial markets and GDP growth.

Though China is less dependent on export sales nowadays, they still account for almost a fifth of GDP.

Chinese imports in May were much weaker than expected, falling by 8.5% and showing the sharpest drop since July 2016. Analysts had forecast a more moderate decline by 3.8%.

That left the country with a trade surplus of $41.65 billion in May.

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Most market participants closely follow Bitcoin and Ethereum, but some pay attention to lesser-known cryptocurrencies. Experts analyzed four digital assets which are gaining popularity and demonstrate the dizzying possibilities of blockchain technology.

SureRemit
This crypto asset allows traders to significantly reduce the commission for transactions. The user pays 0–2% instead of 7–12%. At the same time, you can track transactions that are processed in a few seconds. As a result, costs and possibilities of fraud are lowered. The SureRemit global network, which includes more than 650 stores in Africa and the Middle East, uses blockchain technology. SureRemit is an ongoing blockchain project that surpasses existing services in terms of cost, efficiency, and transparency.

Metal Pay
This is a US competitor of Venmo and Cash App, which allows you instantly transfer money between users for free. They receive MTL tokens for each transaction. According to experts, during the creation of a cashless society, such services will assume the functions of money and checks. The project team actively uses blockchain technology. The future of Metal Pay seems to be optimistic for developers. They are confident that the project will be widely distributed, as it surpasses the existing centralized solutions.

Ravencoin
This project has the highest capitalization among these digital assets. Ravencoin is considered a promising cryptocurrency with great potential. Features of the project: the possibility of issuing assets on a protected blockchain basis; availability of a secure communication channel; decentralized management; dividend payment. This project is much more energy efficient than Bitcoin, hough Ravencoin aims to become a global protocol for asset transfer. Ravencoin has all the advantages of Bitcoin and its disadvantages are reduced. The project is distinguished by transparent and democratic mining.

SiaCoin
Experts call this project the distributed cloud storage of the future. In 2016, the developers of this virtual currency created a platform for trading data storage services in the blockchain system. Users can rent space on the SiaCoin platform for cloud storage. This service is cheaper than its competitors' ones. The peculiarity of the SiaCoin project is that when loading user data, the system divides them into fragments, each of which is encrypted separately. This provides increased security.

https://instaforex.livejournal.com/1995326.html

According to Alexey Miller, Deputy Chairman of the Board of Directors, Gazprom was about to become the first company in the world to hit a market cap worth 1 trillion dollars. Pledges to become the most valuable corporation have been unfulfilled. Meanwhile, the company leads the rating among Russian rivals.

Gazprom overtook Sberbank and finally got the first place in market value. The capitalization of Gazprom at the Moscow stock exchange reached 5,234 trillion rubles surpassing Sberbank with its its value of 5.234 trillion rubles. Soaring financial figures turned out to be possible due to considerable growth in the price of Gazprom's shares in recent weeks amid news on changes in dividend policy of the company.

On the global scale, the picture is bleak. Russian energy giant Gazprom costs twice less than McDonalds or Starbucks. Gazprom failed to enter the race of trillionaires such as Amazon, Microsoft or Apple. Statistics figures say the opposite despite all positive reports on revenue growth and benefits of western sanctions. The company reached the value of 360 billion dollars when Alexey Miller made his ambitious pledges, but at present its market cap is under 85 billion dollars. What a shame!

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