The US and Iran have moved closer to the biggest deal since the start of a new round of conflict in the Middle East. According to reports, the two sides have reached an “agreement in principle” to restore shipping through the Strait of Hormuz, a key artery of the global oil market.

Experts have analyzed the situation in the market and told how it may change in the coming week.

The richest one in a thousand residents of Europe receives about 4.5% of all incomes, but in different countries this figure differs several times – from less than 2% to more than 10%. This is evidenced by the data of the World Inequality Database.

Popular statistical service Numbeo has presented a fresh ranking of countries in terms of average monthly salary after taxes.

European aviation is preparing for the winter season with a worrying scenario: airlines may start cutting flights amid expensive fuel and deteriorating flight economics.

French President Emmanuel Macron took the initiative and unexpectedly called President of Belarus Alexander Lukashenko. For the first time in four years.

German retail giant REWE may close one of the longest chapters of its European expansion. The group is considering selling the Penny Market business in Italy in whole or in parts.

For several years now, a significant part of Chinese youth, disillusioned with their economic prospects, has been adhering to the principle of “lying down”, i.e. refusing in principle to engage in career competition (the notorious “rat race”).

Deputy Prime Minister, Foreign Minister Mihai Popşoi held a meeting in Shanghai with the official distributors of Milestii Mici wines, the Shanghai-based company Lanci, during which they discussed the prospects of expanding the export of Moldovan wines to the Chinese market and promoting Moldova’s image through wine products.

TikTok Shop is rapidly expanding across Europe, but its influence on major online retailers in the fashion industry remains limited. This is the conclusion reached by Goldman Sachs analysts in a new study on the development of social commerce.

Public debt service costs in developed countries are growing rapidly, reaching record global levels. This process is caused by the need for emergency anti-crisis borrowing and a long period of high interest rates set by central banks to fight inflation. Between 2020 and 2025, the ratio of public debt to GDP in developed countries increased by 25-30% on average.

The Republic of Moldova, according to Microsoft, ranks 60th out of 146 countries in the world in the implementation of artificial intelligence (AI).

According to the latest European Union statistics, the price of natural gas for household consumers in Moldova does not exceed the EU average. In 2025, the highest natural gas prices for households were recorded in Sweden (€0.2092 per kWh), the Netherlands (€0.1719) and Italy (€0.1481). The cheapest gas was in Hungary (€0.0340 per kWh), Croatia (€0.0543) and Romania (€0.0566).

Japanese Nissan Motor has abandoned plans to produce components for electric cars in the UK. It is about the project of JATCO, a subsidiary of Nissan’s powertrain manufacturer, which planned to build a facility for the production of electric powertrains in Sunderland. The project was officially unveiled in January 2025 with the support of the British government.

Swedish startup W Social is preparing to launch a public beta version of its social platform in June 2026. The project is positioned as a European alternative to major social networks, including X, Insragram and TikTok.

US President Donald Trump has said that an agreement with Iran has been “largely reached” and that details will be announced soon. He said that the deal would include the opening of the Strait of Hormuz, but did not disclose details.

The European Union has officially cut off access to the digital ruble and Russian-linked cryptocurrency platforms. On May 24, the 20th package of EU sanctions came into force, which for the first time imposes large-scale restrictions against Russian cryptoinfrastructure.

Chinese online retailer Shein is acquiring US clothing brand Everlane from majority owner L Catterton.

Zoom Video Communications has received about $1 billion in unrealized gains from an early investment in artificial intelligence developer Anthropic.

Russian authorities are increasing pressure on imports from Armenia. After the ban on the supply of flowers, vegetables and fruits, cognac has also come under restrictions. This can be a sensitive blow for the Armenian economy.
