News about World markets
Euroclear, a Belgian financial infrastructure company, has filed a lawsuit against the Central Bank of Russia in a Brussels court as part of a dispute over frozen Russian assets.
A painting by Rembrandt van Rijn, which for decades was believed to be the work of an unknown artist, will be offered at a Sotheby’s auction in London on July 1. After a decade of restoration, experts have confirmed the master’s authorship. The estimated value of the painting “Let the Children Come to Me” is 8–12 million pounds sterling ($10.6–15.9 million).
The rise in the number of tourists arriving by plane is driving up housing prices in EU countries. This effect is most pronounced in Spain, Portugal, and Italy, according to a study by the New Economics Foundation (NEF) commissioned by the European Federation for Transport and Environment.
Spain had been developing renewable electricity so aggressively that it eventually found itself with a surplus.
Gas prices on European exchanges are rising again. On Monday, the price of July futures on the TTF hub rose by more than 3%. Prices recovered from their recent drop below $490 and are once again heading toward the psychological threshold of $500 per thousand cubic meters.
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.
The British energy company Petrofac has agreed to pay £569,000 to HM Revenue & Customs (HMRC) following a violation of rules related to sanctions against Russia.
Markus Perestrelu, President of the NATO Parliamentary Assembly, emphasized the need to strengthen the defense capabilities and develop the defense industries of the alliance’s member countries.
The U.S. Supreme Court ruled that Federal Reserve Board member Lisa Cook may remain in office during the legal proceedings regarding President Donald Trump’s attempt to have her removed from office.
Bodrum remains the leader in Turkey’s suburban real estate market. Villa prices here reach $6,300–7,600 per square meter, making the resort the country’s most expensive destination in the suburban housing segment.
Elon Musk, the CEO of Tesla and SpaceX, stated on the social media platform X that the spread of feminism and the decline in birth rates may have negatively affected the happiness of many women. His comment sparked a wide-ranging discussion about the role of the family, women’s choices, and demographic trends.
The Large Hadron Collider (LHC) at the European Organization for Nuclear Research (CERN) is wrapping up its current experimental cycle and entering a long-term shutdown for a major upgrade. The upgrade will last until 2030.
Saks Global, an American luxury department store operator, has completed bankruptcy proceedings and announced a name change. The company, which brings together Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, will now operate under the brand name Exemplar Luxury Group, according to the Associated Press.
At the annual general meeting on June 29, Gazprom shareholders voted against paying dividends for the 2025 fiscal year. The most recent dividend payments by Russia’s largest gas company—in which the state controls a total of more than 50% of the shares—were made in the first half of 2022.
Demand for sodium chloride—common table salt—could increase significantly in the medium term amid the development of sodium-ion batteries, which are seen as a cheaper alternative to lithium-based solutions. This is stated in an analytical report by Morgan Stanley.
During trading on Monday, June 29, the market price of Brent crude, the benchmark North Sea oil, began to rise amid renewed mutual missile strikes between the U.S. and Iran in the Middle East.
The 139th Wimbledon Tennis Championships have begun in London at the All England Lawn Tennis and Croquet Club. It is one of the oldest and most prestigious Grand Slam tournaments, played exclusively on grass courts. The tournament will conclude on July 12 with the men’s singles final.
The El Niño weather phenomenon could lead to a decline in sugarcane production in India and a reduction in sugar exports, which could cause global sugar prices to rise.
Russian President Vladimir Putin publicly acknowledged for the first time that the country is facing a fuel shortage due to Ukrainian drone strikes on oil refineries and energy infrastructure facilities. He emphasized, however, that the situation is not critical.
The X5 Group, which operates the “Pyaterochka” and “Perekrestok” retail chains, has suspended purchases of products from Italy’s Ferrero Group. The company cited the supplier’s “unjustifiably high selling prices” as the reason for the decision.
