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Category: Global Economy
On Monday, June 2, Ukraine refused to make payments to holders of $2.6 billion in debt securities, thereby allowing a sovereign credit default, Logos Press reported.
On the agenda of a meeting of ambassadors of the 27 EU countries in Brussels on June 4 is the introduction of fees for certain types of hand luggage and a review of the standard for receiving compensation in case of flight delays,” Logos Press reported.
China’s PDD Holdings, which owns popular online retailer Temu, has recorded a 47% drop in profits for the first quarter of 2025,” Logos Press reported, citing the UK’s BBC.
The authorities of Turkish Antalya are confident that this year the region will be able to beat last year’s record and receive 18 million foreign tourists, – reports Logos Press.
According to the UN study, UN World Population Prospects, the average life expectancy in Moldova in 2025 will be 71 years, – reports Logos Press.
The yield on 30-year U.S. Treasury bonds has hit a peak of 5% and the dollar is weakening, signaling a crisis of confidence in the U.S. economy, Logos Press reported, citing The New York Times.
China Chengxin International Credit Rating (CCXI) has revised Russia’s sovereign credit rating from BBB-g to BBB+g for the first time after 2022, Logos Press reports.
There are two dangerous trends in the Ukrainian economy: a sharp slowdown in GDP dynamics against the background of rising inflation,” Logos Press reports.
The international rating agency Moody’s downgraded the US credit rating from the highest rating of “Aaa” to “Aa1” and changed the outlook from “negative” to “stable,” Logos Press reports.
US President Donald Trump has admitted the possibility of reducing duties on Chinese goods – Logos Press reports with reference to Bild.
Albania and Montenegro will officially join the Three Seas Initiative as associate members, while Turkey and Spain will become strategic partners,” Logos Press reported.
Ukraine’s Finance Ministry said April 24 that it has failed to reach an agreement with holders of $2.6 billion in debt obligations, making it nearly impossible to make payments due in May, Logos Press reported.
