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Category: Global Economy
If by the end of 2025 the share of oil revenues in the state budget of Azerbaijan amounted to 48%, by 2030 this dependence will be reduced to 30%.
An ad seeking shepherds in remote areas in northern China has suddenly gone viral on social media, garnering tens of millions of views and sparking a debate about the state of the country’s labor market.
In Eastern Europe, an annual income of 100 thousand euros leaves more “on hand” than in Western and Northern Europe. The calculations are complicated, these are only experts’ estimates, because the tax systems themselves differ: in some countries they are relatively simple, in others much more complex. But the conclusion is unambiguous. Bulgaria tops the ranking.
Chile stops growing sugar beets. And this is after more than seven decades of history of production of this atypical (for South America) agricultural crop. The reason is low sugar prices and rising costs of agricultural production in the world.
Eurozone sovereign issuers have raised $4.6 billion of non-euro denominated debt since the beginning of 2026. Most of the borrowings are in US dollars and Swiss francs, but there are also subscriptions in Australian dollars and Chinese yuan.
It refers to the 2013 intergovernmental agreement under which Russia indefinitely canceled export duties on supplies of natural gas, oil products and rough diamonds to Armenia. The letter says that Moscow may suspend the document or denounce it unilaterally if Yerevan continues its course of integration with the EU.
A Comprehensive Strategic Partnership Charter was signed between Armenia and the United States. The document was signed by Armenian Foreign Minister Ararat Mirzoyan and US Secretary of State Marco Rubio.
International rating agency Fitch Ratings forecasts Moldova’s GDP growth in 2026-2027 at an average of 3%, given improving external reserve buffers and the authorities’ macroeconomic policies, which mitigate the risks of energy shocks, the agency said in a commentary published on Tuesday after Chisinau agreed a non-financial cooperation program with the IMF.
Exports are still one of the most visible indicators of the economic clout of nations on the world stage. Meanwhile, the top 30 food exporters alone account for more than 80 percent of the global agricultural export market, worth about $1.5 trillion.
Wheat futures are down for the longest period this year. Traders returning from a long weekend in the U.S. are “wagering” on news of “progress in negotiations” in the Middle East.
Uzbekistan, one of the world’s largest gold producers, resumed full-scale gold exports in April after a six-month hiatus.
Russia is changing the rules for importing goods from Eurasian Economic Union (EAEU) countries from June 1, 2026, strengthening preliminary control over shipments and introducing mandatory electronic confirmation for importers.
Steel remains one of the most important structural materials on the planet. It underpins construction, infrastructure, automotive and industrial production. Therefore, steel-rich nations continue to play a huge role in the global economy.
China is cutting the interest rate on consumer loans to a record low to stimulate the economy. The reduction in borrowing costs comes amid signs that the Chinese economy is slowing after a strong first quarter. Growth slowed across the board in April and the People’s Bank of China (MLF) went for a further cut in May. In May, some banks borrowed under the People’s Bank’s annual medium-term lending facility at a rate of just 1.45%, down 0.05 percentage points from April.
The dollar, considered a defensive asset, is gaining ground amid renewed investor concerns. Negotiations are progressing, but a deal is not expected anytime soon. The dollar stabilized on Tuesday amid expectations of the reopening of the Strait of Hormuz and an end to the conflict with Iran. However, new U.S. strikes on Iranian facilities and statements about a long negotiation process cooled market optimism.
Foreign direct investment in China fell 10.3 percent year-on-year to 287.7 billion yuan in the first four months of 2026.
The process of adjusting international economic agreements will entail the modification, revision or even denunciation of certain trade agreements as the country moves towards European integration.
Europe is bracing for another wave of debilitating heatwaves this week. Stifling heat is expected in the south and southwest, including Portugal, Spain and France, with daytime highs of up to 38 °C; much of France has been placed on a moderate heat warning. In northern countries such as Germany and the UK, maximum values exceed 30 °C.
European sugar producers are facing deteriorating financial results and are forced to cut production and cooperation with farmers amid falling prices and market changes.
On the COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in August are trading at $4,598.35 per troy ounce, up 0.92% at the time of this commentary.
