News about World markets
The escalation of the conflict in Iran is causing serious financial difficulties for major Chinese e-commerce platforms.
Bulgaria will no longer supply weapons to Ukraine. This was announced by the country’s defense minister, Dimitar Stoyanov, who outlined Sofia’s shift in approach toward military support for Kyiv amid the ongoing conflict.
European Commission President Ursula von der Leyen has proposed including in the 21st package of sanctions against Russia a ban on entry into EU countries for all Russian citizens who have served in the Russian military since 2022.
Samsung Electronics is exploring the possibility of building a state-of-the-art semiconductor packaging plant in Gwangju, South Korea. This project could be part of the company’s major push into the growing market for artificial intelligence chips.
Paris is no longer among the five most expensive cities in Europe in terms of housing costs. According to data from the Global Property Guide, the French capital has been overtaken by four Swiss cities and Luxembourg. Zurich remains at the top of the ranking, with prices exceeding 18,000 euros per square meter.
Apple unveiled an updated version of its voice assistant Siri with artificial intelligence elements at its annual WWDC developer conference, in an attempt to close the gap with competitors in the rapidly changing AI industry.
The American Chamber of Commerce in Russia has an organizational structure related to the potential return of foreign businesses. There is “very cautious interest” on the part of the companies that have left
Italian coffee group Lavazza is entering the U.S. market with its new Tablì coffee system, hoping to take a piece of the portioned coffee market, which has been controlled by Keurig and Nespresso for more than a decade.
A new study finds that the world economy is losing about $2.2 trillion in annual gross domestic product because of the war between the U.S. and Iran. And this amount will increase as the conflict drags on.
Turkish President Recep Tayyip Erdogan received Venezuelan Interim President Delcy Rodriguez, who arrived in Ankara at his invitation. The meeting focused on the steps needed to achieve the goal of increasing bilateral trade to $3 billion.
In an increasingly interconnected world, Internet access has become an essential service in every European home. However, the cost of connectivity varies considerably across the EU.
Members of the Madrid club took part in a competitive presidential election for the first time in 20 years. The victory was won by the club’s current head Florentino Perez, who retained his post until 2030, defeating businessman Enrique Riquelme.
For the fourth time in a row, OPEC+ agreed on June 7 to raise oil production targets. Despite this, the organization’s key countries, including Saudi Arabia, have been unable to fully supply their buyers since late February.
The Hungarian low-cost carrier will start equipping its planes with satellite internet from 2027. Ryanair and EasyJet have so far rejected the technology because of the cost.
Crocs shares rose about 2% in Monday’s premarket after analyst firm Robert W. Baird & Co. raised its rating on the footwear maker from Neutral to Outperform and raised its target price from $115 to $150.
Armenian Prime Minister Nikol Pashinyan said that the European Union is ready to open its market for Armenian agricultural products without customs duties and provide the country with more than 50 million euros of financial support.
Shares of Danish biotechnology company Zealand Pharma collapsed by more than 26% on Monday, June 8 after the publication of the results of a pivotal trial of the drug survodutide. Despite the impressive weight loss in patients, investors were alarmed by another thing: almost one in four trial participants discontinued treatment due to side effects.
Shares of major European air carriers fell on Monday after the International Air Transport Association (IATA) sharply downgraded the aviation industry’s profit forecast for 2026. The reason was rising jet fuel prices and the consequences of the conflict in the Middle East.
Exchange prices for gas in Europe began the new week with a noticeable growth, breaking the mark of 600 dollars per thousand cubic meters, for the first time since mid-May, follows from the data of the London exchange ICE. In the morning, the figure is 607.9 dollars (+4.6%). Dynamics of quotations is given from the estimated price of the previous trading day – 581.4 dollars per thousand cubic meters.
Washington is moving toward tough economic measures that will directly affect Kazakhstani exports. The Office of the U.S. Trade Representative (USTR) officially recognized Kazakhstan as one of 60 economies whose anti-forced labor policies are deemed “unreasonable” and detrimental to U.S. trade.
