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Category: Global Economy
The Council of Europe’s Group of Experts on Action against Trafficking in Human Beings (GRETA) has published new recommendations on granting residence permits to foreign victims of human trafficking.
The UK Competition and Markets Authority (CMA), the country’s antitrust regulator, has approved eBay’s acquisition of the secondhand clothing platform Depop, removing a key regulatory hurdle to the completion of the deal.
Extreme heat is becoming a new economic challenge for producers of Parmigiano-Reggiano—one of the most recognizable symbols of Italian exports. In Emilia-Romagna, where the famous cheese is produced, farmers and processors are forced to increase spending on cooling livestock and storing products in an effort to preserve the quality of a cheese with a history spanning more than 800 years.
Iran has threatened to extend restrictions to other strategic maritime routes used for global energy shipments amid a new round of tensions with the United States. The Islamic Revolutionary Guard Corps (IRGC) stated that Tehran is prepared to threaten “all export corridors that benefit the United States and its allies” if pressure on the country continues.
Donald Trump announced that the United States will not charge fees for ships passing through the Strait of Hormuz. The U.S. president posted this on the social media platform Truth Social.
Warren Buffett has decided not to direct future donations to the Bill Gates Foundation and intends to contribute approximately $6 billion to his family’s four charitable foundations over the next eight years.
The European labor market remains divided along lines of citizenship. While EU citizens are more likely to secure permanent jobs, migrants from non-EU countries are more often forced to accept temporary contracts and part-time work. Eurostat reached this conclusion after analyzing the situation over the past decade.
The international company Uber Technologies Inc. is in advanced negotiations to acquire the German company Delivery Hero—one of the world’s largest food delivery services. The potential deal could be one of the largest in the history of the European food delivery market and significantly alter the balance of power in the industry.
The German shipping company Hapag-Lloyd, one of the world’s five largest container carriers, has criticized the U.S. proposal to impose a 20 percent levy on cargo passing through the Strait of Hormuz.
On Monday, Moldovan President Maia Sandu arrived in Paris to join some 30 leaders of the so-called Coalition of the Willing. The leaders of the defense alliance, which Moldova and North Macedonia have joined, gathered to participate in France’s national holiday—Bastille Day.
The mission of the international experts is focused on analyzing the current operation of the General Inspectorate of Migration (IGM)’s refugee reception system to identify its strengths, existing challenges, and the measures needed to improve it.
The eurozone economy will grow more slowly than expected in the coming years. Economists have revised their forecast downward following a new conflict in the Middle East, which has once again threatened oil and gas supplies.
The U.S. will impose a 20% fee on all cargo transported through the Strait of Hormuz. U.S. President Donald Trump announced the fee for passage through this key shipping route in the Middle East. He posted this on his personal page on Truth Social.
The interim results of the implementation of the Council of Europe’s Action Plan for the Republic of Moldova for 2025–2028 were presented in Chisinau. Currently, 21 projects with a total budget of approximately 43.6 million euros are being implemented under the program, aimed at supporting reforms in the areas of justice, democracy, and the protection of human rights.
The power struggle between von der Leyen and Kallas is escalating into an open confrontation over Israel. A power struggle is heating up in Brussels over “options” to restrict or ban trade with illegal Israeli settlements.
Marbella, Spain—which for decades has thrived on its beaches, yachts, and wealthy tourists—is changing the game. The city on the Costa del Sol wants to become not only a vacation destination but also a permanent hub for startups, tech companies, and investors.
The European Union (EU) is developing a special financial mechanism to reduce its economic dependence on China.
The death of U.S. Senator Lindsey Graham, one of the key authors of the bill on new sanctions against Russia, could complicate the initiative’s progress in the U.S. Congress. His office announced the death of the Republican senator from South Carolina. U.S. President Donald Trump also confirmed the news.
Romania’s automotive industry is having a difficult year. In the first half of 2026, the Dacia and Ford Otosan plants produced 247,972 passenger cars—12.7% fewer than during the same period last year. Moreover, the decline is accelerating: in June alone, production plummeted by 16%.
In just two days, Andy Burnham secured the support of a majority of Labor Party MPs and is expected to become the next prime minister of the United Kingdom following Keir Starmer’s resignation. Such a rapid start left potential rivals with almost no chance. However, the closer Burnham gets to power, the more questions arise about what his government will look like and what course it will take.
