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Category: Global Economy
The United States will act on Greenland in the interest of U.S. national security whether it likes it or not, according to Logos Press.
EU member states on Jan. 9 gave the green light to sign an agreement with Mercosur, paving the way for the creation of a vast trade bloc between Europe and Latin America, Logos Press reported.
Dacia and Ford plants in Romania will produce a total of 545,510 vehicles in 2025, down almost 3% from the record year 2024, according to Logos Press.
A consortium led by Irish company TechMet has won the tender for a mineral production sharing agreement for a lithium site in Kirovograd region of Ukraine, Logos Press reports.
In 2026, the United States will allocate only $400 million dollars for military aid to Ukraine, and the same amount of aid is planned for 2027, Logos Press reported.
The US plans to make big changes to Venezuela’s oil industry. US President Donald Trump said that American oil companies will now be able to invest in Venezuela to “repair the badly damaged oil infrastructure and start making money for the country”, Logos Press reported, citing RBC.
Ambassadors from the 27 EU member states are voting Jan. 9 in favor of the Mercosur deal, with a positive outcome that could allow European Commission President Ursula von der Leyen to sign the agreement in Latin America next week, Logos Press reported.
Despite a ban on large farm vehicles traveling through the French capital, angry farmers rallied at the Arc de Triomphe, the Eiffel Tower and the National Assembly to force French authorities to take a tougher stance on a free trade agreement with the South American bloc Mercosur and to take more effective measures to combat the epizootic of nodular dermatitis, a highly contagious disease for cattle. – Logos Press reports.
Amid a U.S. Supreme Court case on the legality of import duties, more than a thousand American companies have sued President Donald Trump in hopes of recouping a share of the duties paid so far, totaling billions of dollars, Logos Press reported.
US authorities are working on a large-scale plan to establish long-term control over Venezuela’s oil industry. This initiative will help drive oil prices down to $50 per barrel.
The Cabinet of Ministers of Ukraine adopted Resolution No. 1767 “On Amendments to the Resolution of the Cabinet of Ministers of Ukraine No. 451 of May 21, 2012 and No. 1091 of September 27, 2022”, which optimized customs procedures in the ports of the country, – reports Logos Press.
Chevron and private investment group Quantum Energy Partners are teaming up to bid for foreign assets of Russian oil company Lukoil.
