News about World markets

The fate of the world economy depends on the outcome of the conflict in the Middle East, which is already holding back its growth. In the future, it could trigger recessions and significantly higher inflation, said the Organization for Economic Cooperation and Development (OECD).

Turkish resorts are forced to cut prices and launch large-scale discount offers amid a noticeable drop in tourist demand. Hoteliers are trying in this way to keep the load at the peak of the season, while, according to market participants, the country may lose about 8-10 million dollars daily due to the reduction in tourist traffic.

About two-thirds of the world’s richest families expect a weakening of confidence in the dollar as the world’s reserve currency and are already reviewing their asset structure amid geopolitical uncertainty and rising U.S. government debt.

U.S. President Donald Trump’s administration is set to impose new duties against major U.S. trading partners, including the European Union and Canada, over concerns about forced labor.

Housing prices in Dubai are declining for the second month, sales of ready-made real estate are falling, and the market as a whole is showing the weakest growth rates. However, the premium segment lives by its own rules.

Finland has confiscated 3.7m euros of Russian funds at the request of Ukrainian state-run company Naftohaz.

The indicator significantly exceeded the ECB’s target of 2%. The main reason was energy price inflation, which rose by 10.9% year-on-year. The preliminary data paves the way for an ECB interest rate hike at next week’s meeting. Before the conflict in Iran, inflation in the eurozone was below 2%.

Puig executive chairman Marc Puig said at the May 29 general meeting of shareholders that the company is “not for sale” and reaffirmed the Puig family’s long-term commitment to the business. This was stated in a statement sent to Spanish regulator CNMV.

Brussels intends to include Rosneft and Lukoil in the 21st package of sanctions against Russia, which the EU countries expect to agree on by the end of next week.

Pavel Durov renamed the cryptocurrency Toncoin (TON) to Gram (GRAM). The Telegram founder called the rebranding a return to the roots. No action is required from token holders.

For the first time after 2022, German businessmen are again officially participating in the St. Petersburg International Economic Forum (SPIEF-26). The relevant information is contained in the program of the event.

A structural fracture is brewing in the world of Big Tech: Google actually recognizes that demand for artificial intelligence already exceeds available capacity

The combined fortune of the richest Russian businessmen has grown by $21.85 billion since the beginning of 2026,

Iraq’s Oil Ministry announced the discovery of a major oil field in the southern province of Najaf, near the border with Saudi Arabia.

The completed UEFA Champions League 2025/26 season has once again confirmed its status as the most lucrative club tournament in world soccer. According to UEFA estimates, around €2.47 billion will be distributed among the participants of the competition, and the revenues of the leading clubs exceeded the mark of €150 million per season.

German businesses that continue to operate in Russia are mostly in favor of resuming purchases of Russian oil and gas.

By 2050, more people will die each year from superbacteria than from cancer. According to Japanese pharmaceutical experts, antibiotic resistance is a “serious threat” to our health and economy.

Gold prices declined on Monday, June 1, amid the escalation of the conflict between the United States and Iran. Investors preferred to focus not on geopolitical risks, but on the consequences of rising oil prices, which may push the U.S. Federal Reserve to maintain high interest rates.

Armenian Prime Minister Nikol Pashinyan said that at this stage there are no grounds for holding a referendum in Armenia on the choice between the European Union and the Eurasian Economic Union.

A month before the EU Salary Transparency Directive came into force, Latvian company ERDA launched a real-time salary data platform.