Canada eliminates some of the restrictions related to foreigners who want to become Canadian citizens, writes CNBC News.

Canadian Immigration, Refugees and Citizenship Minister Ahmed Hussen announced on Wednesday the new rules for obtaining citizenship will come into force by 11^th October.

Under the new rules, physical presence in Canada for those who file for citizenship will decrease from four to three years, for which they have to file a tax return.

Also, those who had a temporary residence before obtaining permanent residence permit may take into account that one year of temporary residence.

Thus, those who have less than 3 years of permanent residence may apply for citizenship if they previously had a temporary residence for one year.

At the same time, the 183-day period in which residents were required to be present in Canada was abolished.

“One of the strongest pillars of immigration in Canada is getting citizenship to become part of the Canadian family.

The government encourages all immigrants to apply for citizenship in order to benefit from all the advantages of becoming Canadian citizens”, said Ahmed Hussen.

According to CNBC News, the number of Canadian citizenship applications dropped significantly after the government raised their taxes three years ago.

During the first nine months of 2016, there were 56.446 applications, a drop of almost half from 112.000 applications received in the previous year.

The citizenship tax increased in 2014 to 530 dollars.

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Have you ever wondered how much these geniuses actually receive?

The Nobel Foundation announced on Monday that the financial reward for this year’s winners will raise with one million crowns, the equivalent to 105.000 euros.

Laureates of the Nobel Prize 2017 for Medicine are Jeffrey C. Hall, Michael Rosbash and Michael W. Young for their incredible research in controlling the molecular mechanisms of the circadian rhythm.

By using fruit flies as an organism, this year’s Nobel Prize winners have managed to isolate a gene that can control the daily biological rhythm.

Experts have proven that this gene has a protein that can accumulate inside the cell overnight and degrades throughout the day.

Following the analyzes, the three researchers identified protein components by which the mechanism underlying the rhythm inside the cell could be exposed.

Currently, we can recognize the biological functions of circadian rhythm through the same principles in cells of multicellular organisms, including those of humans, says the Nobel Prize laureates 2017 for Medicine.

The rest of the Nobel laureates are going to be announced within the following days.

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One study has revealed that 75 of the richest 100 people have graduated college

The chances of becoming a billionaire may increase if you study engineering or if you get a job in sales, according to a survey by Aaron Wallis Sales Recruitment Agency, reviewed by Business Insider.

The research was based on Forbes’ world’s 100 richest people, meant to reveal what they have studied in college, which were their first jobs and how rich they had become.

The study revealed that 75 of the 100 richest people have graduated, and 22 of them have studied Engineering.

53 of them started to work in a company, 19% in the sales department, and 17% as brokers.

Meanwhile, 17% of the richest people in the world started to work by setting up their own business.

The universities that produced the most billionaires:

1. Engineering – 22
2. Business – 16
3. Finance and Economics – 11
4. Law – 6
5. Computer Science – 4

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The Norwegian sovereign fund, fueled by the money the Nordic country obtains from the oil industry, reached the value of 1 trillion dollars for the first time since its establishment in the 1990’s.

In theory, every Norwegian citizen possess a fortune of at least $200,000, writes Deutsche Welle.

Founded specially to manage the money from the commercializing of petroleum – so-called petrodollars, the fund exceeded $1 trillion as a result of the dollar’s evolution on international markets, as well as the increase in global equity.

Thus, theoretically, each of Norway’s 5.3 million citizens has $189,000 in the sovereign fund, which would finance the welfare of the country when the oil resources are over.

However, until then, the government is only allowed to withdraw small amounts, which they must return by the end of the year.

Yngve Slyngstad, head of the Norwegian central bank’s Investment Management Division, described the value of the fund as “terrific” and “a milestone” for the northern country.

“I do not think anyone expected the fund to reach 1 trillion dollars when the first transfers were made in 1996”, added the financial expert.

The fund’s value has increased 13 times, since 2002.

At first, he only invested in government bonds, but nowadays 65% of his holdings are shares in various companies.

The shares held by the Norwegian sovereign fund in the nearly 9.000 companies account for 1.3% of the shares in the world and 2.3% of the European shares.

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Those from the oil market who fear a strong increase in OPEC production next year should make things better, prepare for a supply shortage, warns CitiGroup.

Five member-countries of OPEC, Libya, Nigeria, Venezuela, Iran and Iraq may already reach their peak in terms of productiokn, says Citigroup strategist Ed Morse.

Rather than a strong growth in production, there is a risk of confronting with some market pressures in 2018, generated by those countries affected by a strong collapse in exploration and development.

“There is an obvious evidence that not international oil companies, but OPEC countries are behind investments”, added Morse.

Oil prices continued to rise yesterday, with Brent nearing $60 per barrel, against a background of robust worldwide demand and a threat upon the Kurdish oil exports.

“Demand was underestimated month by month,” said Adi Imsirovic of Gazprom Marketing and Trading. “Stocks melt”.

Most of the demand comes from Asia, with international forecasters expecting a level of 1.6 million barrels per day.

Consumption of industrialized countries is also growing for the first time in nearly a decade.

Ben Luckock, Trafigura’s executive, says the oil market is at a turning point and estimates that prices will remain in a tight range of $ 40-60 will not materialize.

Oil prices have also been backed by Turkish Prime Minister Recep Tayyip Erdogan’s threat of blocking the pipeline carrying crude oil from northern Iraq to foreign markets in response to the referendum on independence in Kurdistan.

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Companies like Google and Amazon are not showing any signs of slowing down when it comes to growth, leading to the idea that they will become too big to be controlled.

This “fear” sounds logic considering that we are talking about companies that have as main purpose to offer quick solutions to many aspects of the modern human life.

According to USA Today, only Amazon sells over half of the books sold in the United States, has a 45% market share in cloud computing, while Google has a market share of more than 80% of the search engine market and can control and see almost everything published online, writes Futurism.

Federal Trade Commission (FTC) Chairman Maureen Ohlhausen spoke about these fears at the Global Antitrust Enforcement Symposium in Washington on September 12, stating that “we are heading towards a dystopian future where some big technology companies will have full control over our economic life”.

However, Ohlhausen also brings a counter-argument, saying that market dominance requires more than a high market share.

It also adds that, companies such as Amazon and Google continue to grow because they are mainly focuses on the consumer’s welfare.

Meanwhile, groups such as the New America Foundation have repeatedly criticized Amazon for eschewing regulations.

Lina Khan, a member of Open Markets, said that “Jeff Bezos, the Amazon CEO, has created a map of antitrust laws to determine the best ways to avoid them – antitrust laws are a set of federal and governmental laws of the United States to regulate the organization and behavior of corporations, to ensure honest competition for the benefit of the consumer”.

What would happen with these big companies it’s still a mystery, but one thing is sure: their massive growth over the past decades does not show signs of slowing.

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Countries such as France, Germany, Italy and Spain want technology giants such as Amazon or Google to cover their payments.

The European finance ministers have formulated a common letter demanding their financial institutions to introduce this new form of tax meant to target the world’s biggest retailers, writes Reuters.

Major technology groups are accused of speculating the tax laws and transferring income produced into the European Union to permissive jurisdictions, usually Ireland, to get rid of corporate tax.

Apple, for example, was forced to pay 13 billion euros in retroactive tax because they were benefiting from a preferential tax regime in Ireland.

In France, Google was ordered by a court from Paris to pay 1.1 billion euros for managing its operations in Hexagon through its Irish subsidiary.

Finance ministers in these countries claim that a new tolling system is needed in order to tax their revenues.

EU Finance Ministers will discuss the tax changes issue in order to collect more money from online giants, such as Google, Amazon, or Facebook, writes Reuters, quoting an official document.

These economic giants are put under major pressure in Europe due to the small taxes they pay. European countries cannot tax them because they are not physically present, operating only in certain countries, such as Ireland, the Netherlands or Luxembourg.

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The bankruptcy of Lehman Brothers, the fourth most influential US investment bank at the time, was the financial institution who generated a global financial crisis nine years ago.

The first major collapses from the capital markets began ten years ago, on August 9, 2007, when BNP Paribas, France’s largest bank, suspended the withdrawals from two real estate funds motivating that they could not properly assess assets.

But the origins and elements that attracted the pandemic that would change the world a year later were even older, because it was not just a real estate bubble.

The whole financial system had suffered a mutation that many ignored, and the regulations that should have held back the potential excesses have been overtaken for many years.

It was more about the so-called shadow banking and the so-called saving glut, represented by the surplus savings generated by the surplus recorded by the major exporting countries, which often canceled the intentions of monetary policies.

Although individually, many investors or business people have lost colossal fortunes, statistically speaking, the rich from then are richer now, while those who were poor before the Lehman disaster are even poorer today.

The US Stock Exchange has increased by 99% since September 15, 2008.

After the 1929 crisis, the Dow Jones index of the overseas capital market outperformed the October 29, 1929 quotation, the time of the worst stock market crash, but only in the mid-1950s to ten years after the war was won by the United States.

Life has made Ben Bernake, an economics professor from the Princeton University, an expert in studying the Great Depression in 1929, to led the American Central Bank during the turmoil that began ten years ago and expired a year later Lehman Brothers bankruptcy.

Lehman Brothers, a bank founded in 1850 by three Jewish brothers from Bavaria (Henry, Emanuel and Mayer), was initially specialized in financing cotton trade, which was dominated by the economy of the southern United States at that time.

In the early 1900’s, Lehman began to offer services that were to be defined later as investment banking and helped finance industries that would make America the world’s greatest superpower over half a century.

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There are three things in particular that I am always trying to do at the beginning of the day, and these are the following:

1. Check the price of the action that occurred overnight and monitor all of my open transactions.

The good part about a 4-hour trading session using one of my favorite trading methods is that we do not have to stare at the screen the entire day.

You can simply set the stop loss and the target exit point and you can go and enjoy life.

Exactly, for this reason, check the price of the action overnight it’s crucial, especially when you turn on the computer in the morning.

2. Check for long-term trends

Before opening a transaction, it’s always a good idea to take a look at the popular currency pairs. This should give you an idea of how the transaction will unfold on shorter time slots.

For example, if you are on the 4-hour trading chart, then it’s always a good idea to look at the daily price, identify the trend and possibly look at some key levels of support and resistance.

3. Check the news every single day

It is always vital to be aware of any economic data because that news might decide the faith of your transactions.

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On the “Foreign Exchange” market (FOREX) you will find all kind of transactions carried out via the internet with the help of a trading system.

The most important knowledge you need when you make your debut in this market is the legal aspects.

What rights do you have, what the risks are, what laws and norms you have to take into consideration and respect, which authorities are responsible for monitoring that market and, of course, where you can address if you spot any irregularities.

Also, any financial knowledge is essential because only by being familiar with the FOREX terminology you can understand and interpret relevant information regarding the evolution of the market.

FOREX has nothing to do with playing the “lottery” or “gambling”

Even though the foreign exchange market has a specific degree of imprudence, currency oscillations are not the result of random raffles or extracts, but of well-known events that can be revealed before or after the effect is produced.

The advertisements made for this type of trading make it clear that the investors would only gain, while the critics of these advertisements say the opposite, the reality being that the loss or gain comes from the transaction results, which is not completely true.

The most vulnerable category of FOREX rookies is the one who believes that by placing all their savings on the market, they will multiply their earnings in a short notice.

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