Businessman Elon Musk has become the first person in history to have a net worth exceeding $1 trillion.
Authorities in the capital of the United Arab Emirates have imposed a moratorium on rent increases, effectively setting a zero growth rate for rent when renewing leases. The decision is already being called “extremely rare” for the global real estate market and is being linked to mounting pressure on tenants.
Zurich has become the most expensive city in Europe in terms of housing costs, with the average price of apartments reaching €18,229 per square meter. This price is more than double that of Paris.
The Georgian authorities intend to tighten the rules governing the stay of foreigners by closing off yet another popular route to legal residency: marriage to Georgian citizens.
Gold is losing its luster in the eyes of Wall Street’s biggest banks. For instance, UBS has revised its forecasts for the precious metal, lowering its price targets by $300–$900 per troy ounce. A strong U.S. economy and expectations of tighter monetary policy from the Federal Reserve are shifting market sentiment.
The international network Radical Storage has released a ranking of the world’s most disappointing tourist attractions. The top three spots went to Alton Towers amusement park in the UK, the Georgia Aquarium in the US, and the Horseshoe Casino in the US state of Louisiana.
Moldretail Group, Moldova’s largest grocery retailer, ended 2025 with mixed results: the company’s revenue approached 15 billion lei, but net profit fell by 5.4%.
International tourist arrivals in Spain rose by 5.2% in April, reaching 9.1 million, bolstering the sector’s recovery at the start of the high season.
Hotels.com has released a ranking of the most affordable five-star hotels in the world. The study is based on internal booking data and takes into account the average cost of staying at premium-class hotels—no more than 200 euros per night.
Bulgaria will no longer supply weapons to Ukraine. This was announced by the country’s defense minister, Dimitar Stoyanov, who outlined Sofia’s shift in approach toward military support for Kyiv amid the ongoing conflict.
European Commission President Ursula von der Leyen has proposed including in the 21st package of sanctions against Russia a ban on entry into EU countries for all Russian citizens who have served in the Russian military since 2022.
Samsung Electronics is exploring the possibility of building a state-of-the-art semiconductor packaging plant in Gwangju, South Korea. This project could be part of the company’s major push into the growing market for artificial intelligence chips.
Shares of Danish biotechnology company Zealand Pharma collapsed by more than 26% on Monday, June 8 after the publication of the results of a pivotal trial of the drug survodutide. Despite the impressive weight loss in patients, investors were alarmed by another thing: almost one in four trial participants discontinued treatment due to side effects.
Shares of major European air carriers fell on Monday after the International Air Transport Association (IATA) sharply downgraded the aviation industry’s profit forecast for 2026. The reason was rising jet fuel prices and the consequences of the conflict in the Middle East.
The Union of European Football Associations (UEFA) has extended the suspension of Russian national teams and clubs from participating in tournaments under its auspices for the 2026/27 season. The decision maintains the current ban, introduced in 2022, and effectively closes the next international cycle for Russian teams.
Germany has set a new historic high in the number of citizenships granted: some 332,500 people will receive German passports in 2025.
Domino’s Pizza and Casey’s General Stores are becoming major competitors in the U.S. pizza market, increasing their share through delivery services.
British Airways is preparing to increase prices for air tickets due to rising fuel costs amid the conflict in the Middle East. This is reported by Bloomberg with reference to the airline’s CEO Sean Doyle.
House prices in Germany will continue to rise until at least 2028, despite expensive mortgages and weak consumer demand. The main driver will remain the shortage of new housing against the backdrop of high construction costs.
Turkey’s attorney general’s office has launched an investigation into a Turkish billionaire after a joke about a Kurdish woman said at a hospital opening. The joke sparked accusations of discrimination and quickly turned into a political scandal.
