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Category: Global Economy
The EU’s governing structures have reached a preliminary agreement to phase out Russian gas imports by the end of 2027 in order to reduce Russia’s revenues and thus contribute to an early end to the war in Ukraine, Logos Press reported.
To feed and clothe an expanded human population of 9.7-10 billion by 2050 would require a 50 percent increase in the planet’s agricultural production, which would require 25 percent more fresh water and accelerated restoration of degraded land, Logos Press reported.
About 75% of Europeans have had to cut back on spending to cope with their mortgage payments in 2025, Logos Press reported.
For more than 10 years, the EU structures have been unable to agree on regulations on new measures to protect air passengers, which forced the airlines on November 25 to appeal to the EU transport ministers with an open letter, in which they called for a 6-month suspension of attempts to approve new measures, and during this time once again carefully analyze all possible consequences, – reports Logos Press.
The International Monetary Fund will provide Ukraine with $8.1 billion as part of a new cooperation program for the next four years, Logos Press reported.
The International Monetary Fund and the Ukrainian authorities have reached an agreement on a new 48-month Extended Fund Facility (EFF) program worth about $8.1 billion (SDR 5.94 billion, or 295% of the quota), Logos Press reported.
The European Commission has unveiled a Digital Omnibus plan to simplify the EU’s sweeping IT regulations, Logos Press reports.
With the liberalization of the market on July 1, Romania’s electricity prices have risen significantly, leading to inflation, reduced purchasing power, relocation of industries and increased social vulnerability, Logos Press reported.
Romania ranks 17th in the world in total wine consumption, Logos Press reported.
Bitcoin has fallen 8% in the past 24 hours, with traders losing about $1 billion on long investment positions in an hour of the crypto market’s sharp decline, Logos Press reported.
The sanctions imposed by the United States against two major oil exporters, Rosneft and LUKOIL, have led to a sharp drop in oil prices for Russia’s benchmark Urals oil to $40 per barrel and below, Logos Press reports.
U.S. oil company Exxon Mobil said it is considering options to acquire some of the international assets of Russian oil giant Lukoil, which has been hit by U.S. sanctions, Logos Press reported.
