News about World markets
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 French haute couture house Chanel has announced the acquisition of the Paris-based shirtmaker Charvet—one of the world’s oldest menswear brands, founded in 1838. The terms of the deal have not been disclosed.
A consortium involving Visa, Mastercard, and Coinbase has launched a new joint stablecoin as part of an initiative to expand the use of digital tokens, Reuters reports.
Bitcoin rebounded above the $60,000 mark on Thursday as investors await U.S. employment data, which could provide new clues regarding the Federal Reserve’s policy. This comes after one of the cryptocurrency’s weakest first-half performances in recent years.
Sergey K., a Ukrainian national, is believed to have played a key role in the sabotage of the Nord Stream gas pipeline. He has been in a pretrial detention center for several months. Now, the German Federal Prosecutor’s Office has upgraded the charges against him: instead of “subversion against the constitutional order,” the charges now involve war crimes.
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.
Amazon could become the first company in the world to reach $1 trillion in annual revenue as early as 2028. This forecast was published by Shay Bolur, chief market strategist at Futurum Equities.
Russian investor and owner of Altera Capital, Kirill Androsov, has put the four-star Château Gütsch hotel in Lucerne, Switzerland, up for sale. According to the Luzerner Zeitung newspaper, he is hoping to receive 35 million Swiss francs—about $44 million—for the historic castle hotel.
The Board of Directors of the Swiss Syngenta Group, one of the world’s largest players in the crop protection and seed markets, has unanimously appointed Hende Qin as its new CEO. He will take office on August 1, 2026, succeeding Jeff Rowe, who will return to the United States after nearly 10 years with the company.
The 2026 FIFA World Cup has already stimulated growth in consumer spending in the host cities in the United States, but initial economic data does not yet support FIFA’s optimistic forecast that the tournament will generate at least $30.5 billion for the host countries’ economies.
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%.
The focus of crypto exchanges and users has shifted to traditional finance. According to a report by a major data aggregator, crypto exchanges have added hundreds of instruments for traditional assets over the past year.
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.
A massive surge in investment in artificial intelligence, which has driven global stock markets to record highs, could end in a financial crash, warns the Bank for International Settlements.
Chinese smartphone manufacturers are preparing for a sharp decline in shipments in 2026. The reason is a memory shortage, which has been exacerbated by the explosive growth in demand for artificial intelligence equipment.
The U.S. Supreme Court is wrapping up its latest judicial term with rulings on several cases handed down in the last two days of June. These rulings could affect the structure of the U.S. government, the electoral system, and the regulation of social issues.
In Azerbaijan, the Milli Majlis passed, in its final reading, far-reaching legislative changes that strictly regulate the operation of social media platforms and impose strict age restrictions on users.
Despite inflationary pressures, Americans spent over $26.4 billion during Amazon’s Prime Day online sale. However, behind these impressive sales figures lies another trend: shoppers are hunting for discounts and trying to spend less on each order.
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.
