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Category: Global Economy
From the intense summer heat, as well as droughts and floods only from the beginning of 2025 Europe has suffered economic losses of 43 billion euros, and by 2029 the amount of losses may increase threefold and reach €126 billion, – reports Logos Press.
Since the beginning of 2025, the euro has grown against the dollar by 13%, which is the maximum for the last 4 years. In this connection, economists have started talking about the “euro moment” in global finance and a new stage in the search for an alternative to the dollar, Logos Press reports.
International rating agency Fitch has downgraded France’s long-term credit rating from AA to A+ amid the country’s budgetary and political crisis – Logos Press reports.
The United States is ready to completely replace Russian gas in Europe with U.S. liquefied natural gas within one year, Logos Press reported.
The Danish pharmaceutical company Novo Nordisk, which produces the anti-obesity drug “Ozempic”, has announced the reduction of 9 thousand of its employees, which is 11% of its staff. About 5 thousand people are planned to be dismissed directly in Denmark, – reports Logos Press with reference to RBC.
The meeting of the 80th session of the UN General Assembly on September 9 was opened for the first time by former German Foreign Minister Annalena Berbock, whose candidacy sparked heated controversy when she was elected to the post on June 2, 2025, Logos Press reported.
Germany and France have proposed to impose sanctions against Russian oil company Lukoil and its subsidiary Litasco as part of the new, 19th, package of sanctions of the European Union, – Logos Press reports with reference to the AFP agency.
The National Road Transport Agency has notified transport operators that as of September 1, 2025, amendments to the legislation of the Russian Federation came into force, providing for the control of payment for travel on toll roads before vehicles registered in foreign countries leave the territory of the Russian Federation, – reports Logos Press.
Automakers in Europe are concerned about the EU authorities’ lack of a pragmatic political plan to transform the industry and argue that the current crisis in this segment of the industry poses a serious threat to the bloc’s economic future,” Logos Press reports.
In the United States, an appeals court has upheld a lower court’s verdict to halt foreign aid from President Donald Trump’s administration.
Due to the drought in the southern and south-eastern regions, Ukraine will miss 3 to 4m tons of grain and oilseed crops. This estimate was voiced by Deputy Economics, Environment and Agriculture Minister Taras Vysotskyy, Logos Press reported citing APK-Inform.
British Defence Secretary John Healey has announced during his visit to Kiev that Ukraine will receive military aid at the expense of frozen Russian assets. The seized Russian funds were used to purchase weapons and other military aid worth more than 1bn pounds sterling, Logos Press reported citing DW.
