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Category: Global Economy
This year, the Russian ruble has overtaken all the world’s leading currencies in its dollar value and is almost back to the level before the military conflict with Ukraine began, according to Logos Press.
In the $129 billion U.S. market for cosmetics and personal care products, there is a fierce competition between traditional department stores and… social media, Logos Press reports.
Roscosmos State Corporation in December signed a contract with NPO Lavochkin to perform work until 2036 to create a Russian lunar power plant, Logos Press reported.
The export model of Germany’s economy is facing serious problems due to a marked drop in sales to the United States and China, requiring urgent and deep structural changes in Europe’s largest economy,” Logos Press reported.
The world is rapidly moving toward a shift from the era of the global dollar to one in which physical resources, primarily water and energy, which are essential to the functioning of artificial intelligence and electronic currencies, will play a crucial role, Logos Press reported.
TikTok has signed agreements with three major investors – Oracle, Silver Lake and MGX – to form a new joint venture, TikTok US, which will allow the popular social video platform to continue operating in the U.S., Logos Press reports.
EU sugar and sugar beet producers are demanding restrictions on imports of raw sugar to the European market for the needs of refiners, Logos Press reports.
On December 16, the European Commission will announce new strategic decisions on the development of the automotive industry, which include lifting the ban on internal combustion engines in 2035, creating a new class of low-cost electric vehicles and exempting a number of commercial vehicle regulations and measures, Logos Press reported.
A former senior adviser to US President Donald Trump, Brian Lanza, has become a consultant to Lukoil’s international division. According to Politico, citing two sources familiar with the situation, he worked with Trump during the 2024 election, Logos Press reported.
The European Parliament and EU member states have taken measures to protect against competitors using investments for geopolitical purposes, Logos Press reports.
Last night, December 14 in Berlin began negotiations of the Ukrainian delegation headed by Volodymyr Zelensky with the special envoy of the US President Steve Whitkoff and Trump’s son-in-law Jared Kushner.
The introduction of taxes for parcels ordered on Temu, Shein, AliExpress and other marketplaces could bring more than 1 billion lei a year to the Moldovan state budget.
