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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.
The Volkswagen crisis is no longer just a problem for a single automaker. Large-scale layoffs and the possible closure of plants in Germany are becoming one of the most visible signs of the structural decline of European industry, which is rapidly losing ground to its Chinese competitors.
U.S. national debt has exceeded $36 trillion and continues to grow faster than the economy. Against this backdrop, an increasing number of economists are warning that Washington may never be able to repay the debt at its current level. And over time, the main burden will fall on holders of U.S. bonds and the global financial system.
The European Commission is urging Ukraine to accelerate the expansion of the European rail network in the country. The new transport link is intended to provide a direct connection to the EU’s transport system. Officials in Brussels note that such steps will facilitate integration into the Trans-European Transport Network (TEN-T) and aid in the country’s post-war reconstruction. This was reported by the Odessa Journal website.
European Commission President Ursula von der Leyen announced in Yerevan that the European Union will provide Armenia with 18 million euros to strengthen and diversify its trade. According to her, the EU intends to help its partners in the face of external pressure and is ready to take practical steps to support them.
Global coffee and sugar prices continue to rise amid concerns about future harvests in the major producing countries. Investors are reacting to prolonged rains in Brazil and a lack of rainfall in India, which could reduce supplies of these two key agricultural commodities.
Nearly one in three Europeans expects their standard of living to decline, and 17% of citizens continue to view the EU in a generally negative light. A survey of more than 26,000 residents of EU countries revealed a significant gap in levels of pessimism across generations, countries, and regions.
On July 1, Moldovan Prime Minister Alexandru Munteanu met with Sanna Marin, a strategic advisor at the Tony Blair Institute for Global Change and former Prime Minister of Finland.
Europe is resisting the widespread installation of air conditioners. This is due to environmental concerns, high energy costs, and strict municipal laws.
In 2000, the U.S. dollar accounted for nearly 59% of global reserves, and by the end of 2025, that share had fallen to just under 40%.
According to the financial report, the U.S. president received nearly $800 million from the World Liberty Financial crypto project and $635 million from the sale of meme coins. This was his largest source of income last year.
The Moldovan Armed Forces will receive more than 100 Senator armored vehicles, manufactured by the Canadian company Roshel, as part of the European Union’s defense assistance program.
New FAO regional flagship report highlights persistent inequalities in food security and nutrition, rising diet costs and growing concerns over obesity and child overweight
Germany opposed the European Commission’s proposed EU budget for 2028–2034, totaling approximately €2 trillion, and demanded that it be cut by about €400 billion.
In the EU, packages containing goods valued at less than €150 will no longer be eligible for the de minimis exemption—a provision that exempted very inexpensive shipments from customs duties and was actively used by platforms such as Temu and Shein.
In the coming decade, the number of central banks planning to reduce the share of the U.S. dollar in their reserves will exceed the number of those intending to increase it. According to the results of a survey of sovereign investors published by the London-based think tank OMFIF (Official Monetary and Financial Institutions Forum), against the backdrop of growing political risks associated with the U.S. currency, a clear trend toward reducing dollar reserves has been observed for the first time.
At its shareholders’ meeting on June 30, Russia’s largest bank decided to pay dividends amounting to 50% of last year’s net income.
The United Kingdom is considering introducing a new investment visa that could grant citizenship to wealthy foreigners after five years of residence in the country. The Financial Times reported this, citing discussions within the government.
