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Category: Global Economy
A trade war with the U.S. would be a disaster for Europe, which is already suffering from stagnation, but in the long run could have an extremely negative impact on the U.S. economy as well, according to Logos Press.
In 2026, the situation in the global economy will worsen. This was the answer of 55% of economists surveyed at the World Economic Forum in Davos, according to Logos Press.
The heads of state and government of the European Union countries are going to hold an emergency summit in Brussels on January 22 on the situation around Greenland and the development of a common position on the introduction by U.S. President Donald Trump of additional duties of 10% against eight EU member states because of sending their military to Greenland, reports Logos Press.
In December 2025, the annual inflation rate for the EU as a whole fell to 2.3%, but Romania’s rate was unchanged from November and remains the highest in the EU at 8.6%, Logos Press reported.
Last year, Ukrainian companies set an anti-record: 9,174 proceedings for wage debts against 488 companies. This is 30% more than in 2024 and the highest figure for the last 5 years.
After the U.S. imposed 10% duties on eight European countries, world prices for precious metals have risen sharply. The price of gold has already reached $4690, Logos Press reports citing DW.
Joining the OECD, the Organization for Economic Cooperation and Development, is one of Romania’s most important strategic goals this year, Logos Press reported.
A drop in demand for whiskey, scotch, cognac and tequila has led to spirits producers facing stock-outs. A number of companies have been forced to suspend plant operations to avoid overstocking.
One thousand new armored personnel carriers worth $1 billion will be delivered to the Romanian army by the end of 2027, according to Logos Press.
In the fall of 2025, futures on precious metals became the beneficiaries of turbulence in the world markets. Thus, on October 8, the price of gold for the first time in history exceeded $4 thousand per troy ounce. In the same week, the cost of silver crossed the $50 mark. Whether the “metal rally” will continue in 2026, says Logos Press with reference to RBC.
The European Union is ready to block approval of a trade agreement with the United States because of President Donald Trump’s intentions to impose tariffs on those countries.
American billionaire Ilon Musk has sued Sam Altman, the founder of OpenAI, the company that created ChatGPT, Logos Press reports, citing DW.
