News about World markets
The meeting between Donald Trump and Chinese President Xi Jinping is designed to prolong the truce between the two major economic and military powers of the planet, concluded last fall, but will not be able to resolve any direct problems in bilateral relations, much less address indirect problems, including Russia’s war against Ukraine, experts believe.
Exxon and Shell are resuming Arctic exploration under Donald Trump’s slogan “Storms, Crumbs, Storms.” They are seeking to replenish reserves, diversify portfolios and maximize profits from Donald Trump’s policy of ramping up fossil fuel drilling, even though they recently claimed otherwise. Record investments and the success of new projects promise to exceed all expectations, in what experts see as a great success of the U.S. administration’s public policy.
Copper prices rose above the key mark of $14 thousand per ton, approaching historical highs. The market continues to grow despite the increased nervousness on global platforms due to the aggravation around Iran.
A large-scale marketing campaign to attract English tourists to Georgia is organized by the National Tourism Administration and the Ministry of Economy and Sustainable Development of the country.
For weeks now, Iran’s mullahs regime has been blocking the world’s most important trade route – few tankers now pass through the Strait of Hormuz. Now Tehran also wants to charge for the use of fiber-optic cables laid in the strait, Iran’s Tasnim news agency reported.
Starting from July 1, 2026, Law No. 69/2026 of 30.04.2026 will enter into force in Moldova, providing for the exemption from import customs duties for goods produced in the USA.
Netflix Corp. said it has spent about $135 billion over the past decade to produce original movies and series in more than 50 countries.
Orange juice futures rose sharply on the New York Stock Exchange after the publication of forecasts of a decline in the orange harvest in Brazil, the world’s leading exporter of the beverage.
A Caribbean island smaller than many metropolitan areas has suddenly become one of the main beneficiaries of the global artificial intelligence boom – all thanks to two letters in the browser address bar.
A massive crisis in horticulture forced the U.S. government to allocate $9 million to farmers to liquidate 50 thousand tons of peaches and cut 420 thousand peach trees. The reason – the customer did not need this raw material.
eBay’s board of directors rejected GameStop’s $56 billion merger proposal, deeming it “neither credible nor attractive.”
World Health Organization chief Tedros Adanom Ghebreyesus has warned that the number of Andes hantavirus infections could rise in the coming weeks, although there are no signs of the start of a large-scale outbreak yet.
The European Commission has confirmed that rising jet fuel prices cannot be a reason to deny passengers compensation for canceled flights.
Poland has filed a complaint with the Court of Justice of the European Union (EU) against the free trade agreement between the EU and Mercosur (a trade and economic union comprising Argentina, Brazil, Paraguay and Uruguay).
An unusually large rough stone weighing about 2,200 grams (about 11,000 carats) has been discovered in Myanmar’s Mogok region, known as one of the world’s largest sources of rubies. The find was made in April this year, and the official confirmation of its significance was published on May 8 by the state broadcaster Global New Light of Myanmar.
U.S. businesses, labor unions and lawmakers from both parties have stepped up pressure on Donald Trump ahead of his meeting with Chinese President Xi Jinping, urging against even a partial opening of the U.S. market to Chinese cars.
World Plant Health Day is observed today, May 12. The day emphasizes the critical role of plants in ensuring food security, fighting hunger, reducing poverty and preserving the environment.
OPEC oil production continued to decline in April to its lowest level in more than two decades, according to a Reuters poll. Crude oil production by OPEC, which consists of 12 member countries, fell by 830,000 bpd in April. The March figure was revised down by 700,000 bpd due to Saudi Arabia’s output estimate.
Staking yields are declining across all major chains. In ethereum it has dropped to the level of about 3% per annum, and this is not a temporary phenomenon. The reason is the growth in the number of participants, changes in the revenue structure and other factors.
US President Donald Trump is seriously considering making Venezuela the 51st state.
