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Category: Global Economy
The NATO summit in Ankara, scheduled for July 7–8, will focus on steps to increase defense spending, as well as the alliance’s efforts in the areas of deterrence and defense. Burhanettin Duran, director of communications for the Turkish presidency, made this statement on Sunday.
In June 2026, the average value of the FAO Food Price Index stood at 130.3 points, down 0.4 points (0.3%) from May. On average, the index for the five food commodity groups tracked remained stable over the past month, as higher global prices for vegetable oils and meat were offset by lower prices for cereals, dairy products, and sugar.
Horse sales in Russia have surged amid the fuel crisis.
U.S. President Donald Trump spoke in Washington on the occasion of the 250th anniversary of the country’s independence, declaring that “the American Dream is back.” In his speech, he spoke about American exceptionalism and U.S. foreign policy successes, and once again criticized his political opponents.
Nearly one in two people in Germany are unsure whether they will be able to continue working until they reach retirement age. This is according to the findings of the “Decent Work Index” study, published by the German Trade Union Confederation (DGB).
Denmark, Sweden, and Finland have opposed a European Commission initiative that proposes allowing only beverages made exclusively from apple or pear juice to be labeled as “cider,” according to the Financial Times.
On U.S. Independence Day, the American leader decided to make a scathing remark directed at his closest allies.
In 2025, Moldova ranked 95th out of 197 countries worldwide in a salary ranking.
In 2025, Latvia’s trade with Russia accounted for 2.6% of the country’s total foreign trade. The Ministry of Economy reported this while commenting on Russia’s decision to temporarily close a number of railway border crossings on the borders with Finland, Estonia, and Latvia, effective July 1.
Indian authorities have launched an investigation following reports of a leak of confidential information from a Tata Group subsidiary that is part of Apple’s supply chain.
China is preparing a major overhaul of its e-commerce law. The new regulations will affect not only marketplaces and online stores, but also the entire platform economy—from delivery services to companies that operate both online and offline.
The EU agreed to open the sixth negotiation cluster, “External Relations,” with Moldova and Ukraine on July 14. All 27 EU member states supported this decision.
Global wheat prices fell by 4.4% in June due to active harvesting and favorable supply prospects for this commodity in the Black Sea region. This is discussed in the June report by the Food and Agriculture Organization of the United Nations (FAO).
U.S. President Donald Trump, speaking in honor of the country’s Independence Day, promised to make America bigger, better, and stronger.
The Global Passport Index 2026 has been published, which ranks the strength of citizenship in 200 countries worldwide based not only on travel freedom but also on investment opportunities and quality of life.
NATO countries were unable to agree on a draft joint statement for the Ankara summit, which will take place on July 7–8. The reason was disagreements among the allies over Ukraine and military infrastructure in Eastern Europe.
The tourism boom in Europe is having an increasingly noticeable impact on the cost of living in cities. A new study shows that in popular tourist destinations, rent is rising not only because of a shortage of apartments or inflation, but also because of the increase in tourist traffic.
European Central Bank (ECB) President Christine Lagarde has not ruled out the possibility of stepping down early to participate in France’s political process. At the same time, the ECB president ruled out running for office herself or endorsing another candidate.
Turkey has submitted an official application to the European Payments Council (EPC) expressing its intention to join the Single Euro Payments Area (SEPA). The document emphasizes that Ankara’s participation in this area will enable faster, safer, and cheaper cross-border transfers, which will give a powerful boost to mutual trade and investment with European Union countries.
European airlines and airports have called on the European Commission to allow EU countries to temporarily suspend the digital Entry/Exit System (EES) in July and August. The industry warns that the new checks have already led to hours-long lines, flight delays, and the risk of disruptions in the midst of the peak vacation season.
