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Category: Global Economy
US Vice President J.D. Vance expressed hope that the conflict in Ukraine will end in six months at the latest. He noted that Donald Trump had achieved more during his presidential term than his predecessor Joe Biden had in a few years, Logos Press reported citing RBC.
The European Union has transferred 4.05 billion euros to Ukraine in time for its 34th Independence Day, which is celebrated on August 24, Logos Press reported.
US President Donald Trump and Ukrainian leader Volodymyr Zelensky will meet at the White House today. As Trump intends to reach a quick deal, he will press Ukraine, Logos Press reported citing Bloomberg.
Negotiations between the presidents of Russia and the United States have ended in Alaska, but no deal could be reached. As a result, the shares collapsed in overnight trading,” Logos Press reported citing RBC.
The Eurozone continues to lag behind the U.S. in output growth and productivity, but economic trends are shifting in Europe’s favor, according to Logos Press.
Europe’s economic growth came to a near halt in the second quarter of 2025 and industrial output fell sharply, raising fears that the bloc’s economic recovery has already run out of steam, Logos Press reported, citing Euronews.
One in four German industrial companies in July 2025 recorded a drop in their own competitiveness compared to companies outside the EU, Logos Press reported.
Russian pipeline gas deliveries to Europe via the only available route, Turkish Stream, are 6.92% higher than the same period last year since the beginning of 2025, Logos Press reported.
As of August 1, Romania increased the basic VAT rate from 19% to 21%, while the reduced rate, which applies to certain goods and services, is set at 11%, Logos Press reported.
In the first quarter of 2025, the rate of new business registrations in the EU fell by 5.1%,” Logos Press reported.
Japanese automaker Honda Motor nearly halved its net profit in its fiscal first quarter to $1.33 billion, Logos Press reported.
The EU has frozen retaliatory trade duties against the United States after the deal between Trump and von der Leyen, but can always reactivate them, Logos Press reports, citing DW.
