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News
In 2025, the number of Russian billionaires rose to 151. Despite economic challenges, the country has ranked among the top four in the world in this category for the second year in a row.
Russia has declared an employee of the Romanian Embassy in Moscow persona non grata. The decision was in response to Bucharest’s expulsion of a Russian diplomat, according to the Russian Foreign Ministry.
China and Russia are accelerating the development of commercial space technologies, putting additional pressure on the United States’ long-standing leadership. In August, the Chinese private company LandSpace successfully landed the first stage of an orbital rocket on land for the first time, while Russia is expanding its own Rassvet constellation of low-Earth-orbit communications satellites.
The European Union has begun complex negotiations on a new multiannual budget for 2028–2034 totaling approximately 2 trillion euros. Two blocs of countries have clearly emerged, each holding opposing positions on the size of the planned total budget. The “rich countries” of northwestern Europe, whose contributions largely make up the overall budget, are insisting on cuts. The group of poorer countries in the southeast, however, is unwilling to make any sacrifices.
Futures for wheat, corn, and soybeans on the Chicago Board of Trade (CBOT) rose sharply. In just one day yesterday, contracts for September wheat delivery rose by 6.57% to $275.53 per metric ton. Wheat prices also rose on the Kansas City and Minneapolis exchanges—to $291.01 per metric ton and $265.10 per metric ton, respectively.
The Bulgarian Consumer Protection Commission (CPC) is preparing to review housing rental offers in Burgas ahead of “Eurovision 2027.” This comes in response to reports of a sharp rise in rental rates, even though there is no housing shortage in the region. Specifically, listings have appeared offering apartments for €118,000 per week.
The President of Ukraine has asked the EU to disburse part of the 90 billion euro loan ahead of schedule to plug the hole in the Defense Ministry’s budget. Officials in Brussels fear that this move could undermine the fragile compromise on phased financing for Kyiv through 2027.
The Moldovan authorities hope to move to a new phase in their bilateral partnership with China.
On August 26, Romania received its first payment of 2.5 billion euros under the “Security Actions for Europe” (SAFE) defense instrument, which represents 15% of the total allocated funds of 16.7 billion euros.
Thousands of small business owners and self-employed individuals in Argentina protested on August 19 in Plaza de Mayo in Buenos Aires, in front of the government palace, over the closure of more than 30,000 companies.
Meta agreed to pay up to $16.68 billion as part of a settlement with U.S. states, bringing an end to federal proceedings regarding the safety of Facebook and Instagram for minors.
According to the International Monetary Fund (IMF), the global economy has weathered the energy shock caused by the war with Iran better than expected. The global market has shown remarkable resilience in the face of the closure of the Strait of Hormuz and high oil and gas prices. At the same time, the IMF expressed concern over the deteriorating fiscal situation in some countries.
According to data from Energocom, the Moldovan state-owned company and the country’s main gas supplier, the price of natural gas on European exchanges continues to rise.
The European Union recorded a trade deficit of €21.8 billion in the second quarter of 2026, marking the bloc’s first negative figure since the second quarter of 2023.
Due to Ukrainian attacks on ships and Russian port infrastructure in the Azov and Black Seas, Russian authorities are establishing alternative grain export routes. In this context, the Russian government has expanded the list of subsidized rail routes for transporting grain to ports in the Krasnodar Krai, the Baltic region, and the Far East.
Hundreds of tanks sent by the Allies to Ukraine are being used as tractors and by drone operators. Others are hidden in the woods and used by Ukrainians as shelters. This is because modern warfare has changed the rules of the game, and tanks are ineffective against enemy drones.
China warned the United States that it would take the necessary measures to protect its economic interests following the expansion of U.S. sanctions against Iran and its trading partners.
Volkswagen CEO Oliver Blume met with company employees on August 25 amid fierce opposition from labor unions to plans for further staff cuts. The restructuring could potentially affect up to 100,000 jobs across the group, and the German automaker’s management insists on the need for further cost cuts.
The Republic of Moldova intends to strengthen controls over chemical substances and abolish permits that have no equivalent in European Union legislation. The Ministry of the Environment has drafted amendments to the Law on Chemical Substances, which provide for bringing national standards into line with European requirements for the authorization, classification, and labeling of such substances.
Tesla is recalling approximately 2.98 million vehicles in China due to the risk that passengers may be unable to quickly open the doors after a serious accident. In total, the country’s largest-ever automotive recall campaign affects approximately 4.3 million vehicles from various manufacturers.
