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The loss of foreign currency revenue for Ukraine’s ports due to infrastructure damage caused by Russian missile strikes amounts to $900 million. And this figure could rise even further in the future.
The world’s largest companies, as listed in the new annual Forbes Global 2000 ranking, have set new records for revenue, profit, assets, and market capitalization. According to the updated ranking, despite trade wars, geopolitical tensions, high energy prices, and inflation, global companies continue to demonstrate steady growth.
JPMorgan has sharply lowered its forecast for Brent crude oil prices over the next six quarters. The bank believes that falling demand is a more significant factor than the decline in inventories.
The European Union has completed the approval process for a trade agreement with the United States, which is expected to reduce the risk of a new round of tariff disputes between the two economic blocs.
Excessive thrift has become the new norm, turning into a serious barrier to economic growth on the European continent. The inflationary shock of recent years has inflicted a much deeper psychological trauma on Europeans than on Americans, forcing them to resort to self-restraint and saving at the expense of consumption.
The European Union was forced to revise its expansion plans following renewed resistance from Hungary. Instead of opening five negotiation chapters with Ukraine and Moldova before the summer break, Brussels now expects to unblock only two.
Prime Minister Alexander Munteanu will pay a working visit to Gdańsk, Poland, from June 24 to 26, 2026, where he will take part in the Conference on the Reconstruction of Ukraine—URC2026.
Venezuela is undergoing the largest debt restructuring in its history as it prepares to officially recognize its national debt of approximately $240 billion. This step became possible following a change in government and the removal of President Nicolás Maduro, which paved the way for the lifting of international sanctions and the start of negotiations with creditors. The investment bank Centerview Partners was brought in to develop a plan to return the national debt to a sustainable level.
The government has approved the start of negotiations on the signing of an agreement between the Republic of Moldova and the Council of Ministers of Bosnia and Herzegovina on international road transport of passengers and cargo.
Germany plans to further raise the retirement age to balance the system in light of its aging population. By the end of the century, the retirement age could rise to 70. These plans are currently under active discussion. The government plans to approve a bill, but it must pass through all stages of parliamentary approval, which has drawn harsh criticism from labor unions.
Hungary opposed sending a letter to the European Council and the European Commission outlining the common position of all 27 EU countries on the issue of Ukraine and Moldova’s accession to the bloc, Politico reports, citing two sources.
All European driver’s licenses will become valid in the Republic of Moldova thanks to the implementation of the principle of mutual recognition and the automatic equivalence of license categories. This important change is provided for in a draft government resolution developed by the Agency for Public Services and promoted by the Ministry of Internal Affairs as part of preparations for the country’s integration into the European Union. The new rules will make life much easier for drivers: the process of recognizing documents will be automatic, without the need to take additional exams or go through unnecessary bureaucratic hurdles.
For the first time, the European Union has publicly indicated the possibility of treating Moldova and Ukraine separately in the EU accession process, even though Brussels has viewed the two countries as a single political package since the start of the war in Ukraine.
On Tuesday, June 23, another shipment of fertilizer from Russia to Armenia was transported through Azerbaijani territory.
SK Hynix has overtaken Samsung Electronics to become South Korea’s most valuable company.
The European Commission has announced a call for proposals worth 1.1 billion euros to modernize the Trans-European Transport Network (TEN-T), with a particular focus on rail transport, more environmentally friendly maritime transport, and military mobility. The funding will be directed toward supporting high-speed railways, the decarbonization of ports, the electrification of roads and airports, and the digitalization of freight transport. For the first time, Moldova and Ukraine will be able to participate in this program through the Connecting Europe Facility.
On Monday, the Romanian parliament rejected Prime Minister Adrian Vestea’s nomination, prolonging months of political instability in the country and increasing the likelihood of early elections if the government’s second candidate also fails to win the support of lawmakers.
U.S. automakers will begin manufacturing weapons, U.S. President Donald Trump said.
The second heat wave of the month is sweeping across Europe, forcing authorities to close schools, reduce rail service, and implement emergency measures to protect the public. In the coming days, temperatures in several countries could reach 37–39°C, and in some parts of Spain, they could rise to 45°C.
Following technical talks, Iran and the United States have formed four working groups that will address the lifting of sanctions, the nuclear program, reconstruction and economic development, as well as monitoring compliance with the agreements. This was announced by Iran’s Deputy Foreign Minister Kazem Garibabadi.
