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China is cutting the interest rate on consumer loans to a record low to stimulate the economy. The reduction in borrowing costs comes amid signs that the Chinese economy is slowing after a strong first quarter. Growth slowed across the board in April and the People’s Bank of China (MLF) went for a further cut in May. In May, some banks borrowed under the People’s Bank’s annual medium-term lending facility at a rate of just 1.45%, down 0.05 percentage points from April.
The dollar, considered a defensive asset, is gaining ground amid renewed investor concerns. Negotiations are progressing, but a deal is not expected anytime soon. The dollar stabilized on Tuesday amid expectations of the reopening of the Strait of Hormuz and an end to the conflict with Iran. However, new U.S. strikes on Iranian facilities and statements about a long negotiation process cooled market optimism.
Foreign direct investment in China fell 10.3 percent year-on-year to 287.7 billion yuan in the first four months of 2026.
The process of adjusting international economic agreements will entail the modification, revision or even denunciation of certain trade agreements as the country moves towards European integration.
Europe is bracing for another wave of debilitating heatwaves this week. Stifling heat is expected in the south and southwest, including Portugal, Spain and France, with daytime highs of up to 38 °C; much of France has been placed on a moderate heat warning. In northern countries such as Germany and the UK, maximum values exceed 30 °C.
European sugar producers are facing deteriorating financial results and are forced to cut production and cooperation with farmers amid falling prices and market changes.
On the COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in August are trading at $4,598.35 per troy ounce, up 0.92% at the time of this commentary.
European stock exchanges went up sharply after the news about a possible deal between the US and Iran. Investors hope that the conflict will be at least partially frozen, which means lower risks for the global economy and the oil market.
European businesses that have remained in Russia have cooled sharply in their assessments of the immediate future of the Russian economy. Whereas a year ago half of the companies believed in growth, now only 17% do. At the same time, the number of those who expect the situation to worsen has almost doubled.
The State Tax Service (STS), as the body responsible for the implementation of the EU’s Fiscalis tax cooperation program, has been highlighted by the European Commission as the most active candidate country.
August futures for Brent crude oil were $94.7 per barrel – 5.4% cheaper than the previous day’s close, according to data from the London-based ICE exchange. The last time Brent fell below $95 per barrel on April 24. The cost of U.S. WTI crude oil, shipped in July, fell by 5.77% – to $90.83 per barrel.
The US and Iran have moved closer to the biggest deal since the start of a new round of conflict in the Middle East. According to reports, the two sides have reached an “agreement in principle” to restore shipping through the Strait of Hormuz, a key artery of the global oil market.
Deputy Prime Minister, Foreign Minister Mihai Popşoi participated in a conference on the promotion of trade and economic cooperation between Moldova and China, organized in Shanghai.
The richest one in a thousand residents of Europe receives about 4.5% of all incomes, but in different countries this figure differs several times – from less than 2% to more than 10%. This is evidenced by the data of the World Inequality Database.
European aviation is preparing for the winter season with a worrying scenario: airlines may start cutting flights amid expensive fuel and deteriorating flight economics.
The documents of graduation obtained abroad will be automatically recognized in Moldova. This measure is stipulated in the regulation prepared by the Ministry of Education and Research, which aims to simplify access to study and employment for those who studied in other countries.
Public debt service costs in developed countries are growing rapidly, reaching record global levels. This process is caused by the need for emergency anti-crisis borrowing and a long period of high interest rates set by central banks to fight inflation. Between 2020 and 2025, the ratio of public debt to GDP in developed countries increased by 25-30% on average.
US President Donald Trump has said that an agreement with Iran has been “largely reached” and that details will be announced soon. He said that the deal would include the opening of the Strait of Hormuz, but did not disclose details.
Turkey’s state-owned banks were forced to make large-scale currency interventions following a court ruling against a Turkish opposition leader, and the stock market collapsed 6.1 percent in a short time.
In two weeks, on June 7, Armenia will hold elections to the National Assembly, the country’s parliament. Nineteen political forces are registered to participate in the elections: two blocs and 17 parties. The total number of voters is 2,483,520. This figure is comparable to that of Moldova, and the parallels do not end there.
